Arrow Electronics

Arrow Electronics has extended its sales agreement with IBM to Bulgaria, Croatia, the Czech Republic, Germany, Slovakia, Slovenia and Ukraine. Arrow will resell IBM solutions for infrastructure, automation and data, including software and services for application development, hybrid‑cloud deployments and IT operations. Partners in the affected countries will receive access to technical support, experience centers and Arrow’s IBM Practice Accelerator program. » More on de.investing.com

Arrow Electronics reported Q2 revenue of $10.0 billion, up 32% year over year, with non-GAAP EPS of $5.45 driven by unit volume growth, price inflation and higher-margin value-added services. Non-GAAP operating margin expanded 120 basis points to 4% as global components and ECS both contributed to performance; backlog and book-to-bill remained above parity, giving visibility into 2027. The company expects Q3 revenue of $9.6–10.2 billion and non-GAAP EPS of $4.83–5.03, while noting a $27 million ECS charge related to a partner contract restructuring and forecasting normalized supply-chain services profit next quarter. Management emphasized continued investment in AI, cloud and value-added services, improved cash generation and a disciplined capital allocation approach, and announced Dee Merriweather as incoming president and COO. » More on finance.yahoo.com

Arrow Electronics reported Q2 revenue of $10.0 billion (+32% y/y) and adjusted EPS of $5.45 (+124%), beating forecasts but triggering a "beat-and-sell" reaction. Investors were concerned about a declining operating margin (3.8% vs. 4.2% in the prior quarter) and signs of margin normalization in the supply-chain business. Wells Fargo kept its "Underweight" rating and set a $200 price target, which, together with worries about a sequential slowdown, sent the stock down almost 10% intraday. In addition, Deidra Merriwether was appointed president and COO effective Sept. 8. » More on de.investing.com