Arrow Electronics Sees Q1 GAAP EPS $2.13-$2.33 vs $1.61 Est

First-Quarter 2026 Outlook

• Consolidated sales of $7.95 billion to $8.55 billion, with global components sales of $5.75 billion to $6.15 billion, and global enterprise computing solutions sales of $2.20 billion to $2.40 billion
• Net income per share on a diluted basis of $2.13 to $2.33, and non-GAAP net income per share on a diluted basis of $2.70 to $2.90
• Average tax rate in the range of 23 percent to 25 percent
• Interest expense of approximately $60 million
• Changes in foreign currencies to increase sales by approximately $263 million, and earnings per share on a diluted basis by $0.10 compared to the first quarter of 2025
• Changes in foreign currencies to increase quarter-over-quarter growth in sales by $17 million and earnings per share on a diluted basis will have no impact compared to the fourth quarter of 2025

First-Quarter 2026 GAAP to non-GAAP Outlook Reconciliation
NON-GAAP SALES RECONCILIATION
		Quarter Ended								Quarter Ended
		April 4,			March 29,					April 4,			December 31,
(in billions)		2026			2025			% Change		2026			2025			% Change
Global components sales, GAAP		$	5.75 - 6.15		$	4.78		20% - 29%		$	5.75 - 6.15		$	5.88		(2)% - 5%
Impact of changes in foreign currencies			—			0.15					—			0.01
Global components sales, constant currency		$	5.75 - 6.15		$	4.93		17% - 25%		$	5.75 - 6.15		$	5.89		(2)% - 4%
Global ECS sales, GAAP		$	2.20 - 2.40		$	2.04		8% - 18%		$	2.20 - 2.40		$	2.86		(23)% - (16)%
Impact of changes in foreign currencies			—			0.12					—			0.01
Global ECS sales, constant currency		$	2.20 - 2.40		$	2.16		2% - 12%		$	2.20 - 2.40		$	2.87		(23)% - (16)%

NON-GAAP EARNINGS RECONCILIATION
		Reported GAAP measure		Intangible amortization  expense		Restructuring &  integration charges		Non-GAAP measure
Net income per diluted share		$2.13 to $2.33		$0.07		$0.50		$2.70 to $2.90