Arrow Electronics Forecasts Strong Q4 Revenue and EPS Growth Driven by ECS Seasonality
Arrow Electronics (ARW) reported strong third-quarter results, highlighted by record total revenue of $10.7 billion, representing a 39% increase year-over-year. Interim CEO William Austen noted that the company achieved significant growth in both top-line revenue and non-GAAP operating margins during this period. Looking ahead to the fourth quarter, Arrow has provided optimistic guidance, forecasting sales between $11.55 billion and $12.15 billion. The company expects non-GAAP earnings per share (EPS) to fall within the range of $7.00 to $7.20, citing seasonal strength in its Electronic Component Solutions (ECS) segment as a primary driver for the projected growth.
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