Arrow Electronics released its first-quarter 2026 earnings at 7:00 a.m. ET on May 7, 2026, a same-day catalyst consistent with the stock’s move. The company posted consolidated sales of $9.474 billion (+39% year over year) and diluted EPS of $4.55, with non-GAAP diluted EPS of $5.22, both stated as above the high end of prior guidance.

The print signaled a stronger-than-expected recovery and operational momentum across both Global Components and Enterprise Computing Solutions (ECS), alongside year-over-year growth in profit metrics. The release highlighted improved book-to-bill ratios and a growing backlog, reinforcing the durability of demand rather than a one-off beat.

For second-quarter 2026, Arrow guided consolidated sales of $9.15 billion to $9.75 billion, with Global Components sales of $6.80 billion to $7.20 billion and ECS sales of $2.35 billion to $2.55 billion. Providing an explicit forward outlook alongside an above-guidance quarter strengthened the narrative behind the move.

Arrow disclosed $700 million of operating cash flow in Q1 (noting timing effects within supply chain services) and $25 million of share repurchases during the quarter. The next key swing factors are whether improved book-to-bill/backlog trends persist through Q2 and whether margin gains hold as volumes normalize.