Analyst Consensus ?
ConsensusHold17 ratings
Bullish635.3%
Neutral952.9%
Bearish211.8%
Arrow Electronics, Inc. · ARW · FY2026 Q3 · Calendar Q4 2026
Arrow’s record Q3 reflects broad demand, with inventory and mix risks to watch
The quarter supports a constructive operating picture: record results and broad demand across AI, cloud, cybersecurity and core end markets were complemented by value-added services. That strength is balanced by a sharp inventory build, component-price uncertainty, supply constraints and a hardware mix that may pressure ECS margins.
Why did ARW fall 12.6% after beating EPS estimates in FY2026 Q3?
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Reported Before market openNYSETechnology
$9.01B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$6.22
Consensus $5.06
EPS surprise
+22.9%
Reported versus consensus
Reported revenue
$10.72B
Consensus $10.07B
Revenue surprise
+6.5%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-12.6%
Event window
SPY move
-4.4%
Same window
Abnormal move
-8.2%
Stock minus SPY
Volume
2.5×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
ARWSPY benchmark
Ask FN2 about ARW FY2026 Q3
Choose a question to continue your research
Why did ARW fall 12.6% after beating EPS estimates in FY2026 Q3?What changed in ARW's guidance and outlook in FY2026 Q3?Give me the bull and bear case for ARW after FY2026 Q3 earnings.
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Transcript intelligence
What changed
Q3 reached record revenue and non-GAAP EPS, with management pointing to demand across its end markets and contributions from value-added services. Inventory rose substantially, including a portion associated with AI compute and storage builds; leadership transitions in ECS and IT were also announced.
Guidance delta
Management provided Q4 sales and EPS guidance consistent with continued double-digit growth. The supplied analysis describes guidance as maintained; it does not provide a prior Q4 outlook for a direct numerical comparison.
Key takeaways
- Record Q3 revenue and non-GAAP EPS were supported by broad end-market demand and operating leverage.
- Management cited AI, cloud, cybersecurity and hybrid infrastructure as demand drivers, alongside industrial, aerospace and transportation markets.
- Value-added services support profitability, while a higher hardware mix in ECS could weigh on net-sales margins.
- The Q4 outlook remains for double-digit growth, but inventory, component prices and supply availability merit monitoring.
Management priorities
- Expand AI, cloud and cybersecurity offerings for mid-market customers.
- Invest in Arrow Intelligent Solutions to support AI compute and storage demand.
- Deepen supplier relationships and pursue additional distribution rights.
- Maintain disciplined capital allocation while carrying out leadership transitions.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$180.83Current
$126Low
$189.29Average
$260High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 6, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Underweight | Underweight | Maintain | Aug 7, 2026 |
| Truist Securities | Buy | Buy | Maintain | Aug 7, 2026 |
| B of A Securities | Neutral | Underperform | Upgrade | May 13, 2026 |
| Raymond James | Outperform | Outperform | Maintain | Nov 1, 2024 |
| Goldman Sachs | Neutral | Neutral | Maintain | May 28, 2024 |
| Citigroup | Neutral | Neutral | Maintain | Feb 3, 2023 |
| Stifel | Hold | Hold | Maintain | Oct 10, 2022 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | May 1, 2020 |
| Bank of America | Underperform | Underperform | Maintain | Nov 1, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Jul 16, 2019 |
| Deutsche Bank | Hold | Hold | Maintain | May 4, 2018 |
| Longbow Research | Buy | Neutral | Upgrade | Jan 22, 2016 |
| CLSA | Outperform | Buy | Maintain | Oct 29, 2015 |
| Cross Research | Buy | Hold | Upgrade | Jun 24, 2015 |
| UBS | Neutral | Neutral | Maintain | Jul 30, 2014 |
| Miller Tabak | Neutral | Buy | Downgrade | Sep 18, 2012 |
| Brean Capital | Buy | Buy | Maintain | May 2, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $180.83. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Truist Financial | Analyst unavailable | $250 | $199.51 | +38.3% | Aug 7, 2026 |
| Raymond James | Analyst unavailable | $250 | $200.58 | +38.3% | Aug 7, 2026 |
| Wells Fargo | Analyst unavailable | $175 | $206.61 | -3.2% | Jul 20, 2026 |
| Truist Financial | William Stein | $260 | $229.35 | +43.8% | Jun 4, 2026 |
| Raymond James | Analyst unavailable | $220 | $196.69 | +21.7% | May 8, 2026 |
| Wells Fargo | Analyst unavailable | $165 | $189.83 | -8.8% | May 8, 2026 |
| Truist Financial | Analyst unavailable | $240 | $189.86 | +32.7% | May 7, 2026 |
| Bank of America Securities | Ruplu Bhattacharya | $137 | $126.98 | -24.2% | Aug 11, 2024 |
| Goldman Sachs | Analyst unavailable | $126 | $129.66 | -30.3% | Feb 6, 2023 |
| Wells Fargo | Analyst unavailable | $100 | $132.49 | -44.7% | Feb 3, 2023 |
| Truist Financial | Analyst unavailable | $131 | $133.12 | -27.6% | Feb 3, 2023 |
| Raymond James | Analyst unavailable | $150 | $132.53 | -17.0% | Feb 3, 2023 |
| Goldman Sachs | Toshiya Hari | $127 | $121.98 | -29.8% | Jul 27, 2022 |
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Start freeCompany context
Snapshot as of publicationArrow Electronics, Inc. provides a wide array of products, services, and strategic solutions to industrial and commercial clients across the Americas, Europe, the Middle East, Africa, and Asia Pacific who depend on electronic components and sophisticated enterprise computing solutions. The company is organized into two main segments: Global Components and Global Enterprise Computing Solutions. The Global Components division primarily handles the marketing and distribution of various items, including semiconductor products and their related services.…
Technology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| VRSK Verisk Analytics, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.1% | +6.9% | Verisk Q3: Subscription Growth Offsets Contractor and Weather Headwinds |
| IONQ IonQ, Inc. | FY2026 Q3 · Calendar Q4 2026 | +17.0% | -10.5% | IonQ reports record Q3 revenue and raises its 2026 outlook |
| EPAM EPAM Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.9% | +20.6% | EPAM Raises AI-Native Revenue Target After Q3 Beat; North America Still Flat |
| IREN IREN Limited | FY2027 Q1 · Calendar Q4 2026 | +14.4% | -17.0% | IREN pairs rapid AI cloud growth with a lower FY2027 CapEx plan |
| MTSI MACOM Technology Solutions Holdings, Inc. | FY2026 Q4 · Calendar Q4 2026 | +4.5% | -18.4% | MACOM enters FY2027 with strong data-center demand and a capacity buildout |
| MCHP Microchip Technology Incorporated | FY2027 Q2 · Calendar Q4 2026 | +3.6% | -13.9% | Microchip’s growth accelerates, but capacity limits temper near-term outlook |
Latest beats and misses
Who reports nextBeat on EPS
- FNFFY2026 Q3 · November 5, 20260.0% EPS+6.6% move
- MTDFY2026 Q3 · November 5, 2026+3.6% EPS+4.8% move
- IAGFY2026 Q3 · November 5, 2026+16.7% EPS+4.6% move
- GMABFY2026 Q3 · November 5, 2026+55.6% EPS-4.3% move
- STEFY2027 Q2 · November 4, 2026+9.7% EPS+2.5% move
- IRMFY2026 Q3 · November 5, 2026+4.6% EPS-11.1% move
Missed on EPS
- CPTFY2026 Q3 · November 5, 2026-27.2% EPS-3.1% move
- VMRKFY2026 Q3 · November 4, 2026-425.6% EPS+2.4% move
- NTRAFY2026 Q3 · November 5, 2026-49.3% EPS-15.2% move
- TIGOFY2026 Q3 · November 5, 2026-40.8% EPS+2.6% move
- UHALFY2027 Q2 · November 4, 2026-15.4% EPS-3.2% move
- LAMRFY2026 Q3 · November 5, 2026-3.6% EPS-0.8% move
Get the ARW recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-11-05T17:13:24.317132+00:00
- FN2 earnings calendar · 2026-11-06T01:23:16.275024+00:00
- Polygon adjusted daily market bars · 2026-11-06T14:10:52.209675+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-06T14:10:52.206204+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-06. For educational purposes only; not investment advice.