earnings
confidence high
sentiment positive
materiality 0.80
Arrow Electronics Q2 2022: record sales $9.46B, EPS $5.54 beat guidance; Q3 outlook $5.11-$5.27
ARROW ELECTRONICS, INC.
2022-Q2 EPS reported
$10.84
revenue$18,534,967,000
- Sales $9.46B (+10% YoY); GAAP diluted EPS $5.54 vs prior guidance $5.32-$5.48; non-GAAP EPS $5.78.
- Global Components sales $7.46B (+13% YoY); enterprise computing solutions $2.00B (+2% YoY).
- Net income $370M vs $241M YoY; operating income $533M (+56% YoY); margins expanded 160 bps.
- Q3 2022 guidance: sales $8.92B-$9.52B, GAAP diluted EPS $5.11-$5.27, non-GAAP $5.27-$5.43.
- Repurchased $225M of shares (~1.9M shares) in Q2; remaining authorization ~$288M.