2023 in Review

At Arrow Electronics, we help bring technology to life to serve the many, from mission-critical innovation to practical solutions for daily living.

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Financial results

$33.11Bn
Consolidated
Sales
11%
Global
Components
$25.42Bn
12%
Global Enterprise Computing Solutions
$7.69Bn
8%

“Despite excess inventory throughout the supply chain leading to softer demand in our components business, and a mixed IT spending environment for our enterprise computing solutions business, full-year 2023 results were solid.”

Sean Kerins
President and Chief Executive Officer

Americas

Components

$7.96Bn
17%

Enterprise Computing Solutions

$4.16Bn
14%

EMEA

Components

$8.07Bn
6%

Enterprise Computing Solutions

$3.53Bn
1%

Asia Pacific

Components

$9.39Bn
19%

Gross profit

$4.15Bn
14%

Operating income

$1.47Bn
29%

Net income

$904Mn
37%

Earnings per share

$15.84
27%

Figures align to U.S. GAAP and reflect year-on-year performance for the reported period. No single customer accounted for more than 2% of consolidated sales in 2023. EMEA is defined as Europe, the Middle East and Africa.

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FORTUNE’S

THE WORLD’S
MOST ADMIRED COMPANIES


TOPPED CATEGORY FOR

10th CONSECUTIVE YEAR

FORTUNE 500
RANK: 109
Microsoft icon

Partner of the Year, Microsoft – Western Europe and France

Indirect Provider category

Splunk icon

Distributor of the Year, Splunk – Germany

Infineon icon 2

Top Point-of-Sale Distribution Partner, Infineon – Asia Pacific

Pure icon

Distributor Partner of the Year, Pure Storage, Inc. – France

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Best Value-Added Distributor – Europe

CONTEXT’s ChannelWatch survey

Other highlights

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ArrowSphere adds sustainability, cost optimization and security dashboards

Supporting the move to cloud-based XaaS

Robotics icon

Arrow Robotics Center of Excellence

Intelligent edge and industrial automation solutions

qualcomm

Arrow-Qualcomm collaboration: Edge Labs, an Arrow Center of Excellence

Edge/AI solutions, design services and dedicated team

Box lift icon

Pingspace warehouse automation and robotics-as-a-service – Malaysia

Technology and engineering support for startup

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Electric vehicle and artificial intelligence solutions – Vietnam

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Arrow Technology Showcase – Guangdong-Hong Kong-Macao Greater Bay Area

Design engineering and supply chain capabilities for robotics, AIoT and smart energy

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Arrow at a glance

A global provider of electronic components and enterprise computing products and services, Arrow Electronics, Inc. develops technology solutions that help improve business and daily life.

The company offers one of the world’s broadest portfolios from leading suppliers, with a customer base consisting of thousands of original equipment manufacturers, value-added resellers, managed service providers, contract manufacturers and other commercial customers.

22k+

Global employees

85+

Countries served

39

Distribution/value-added centers

Arrow history

1935

Arrow Radio opens on Radio Row in New York City

1946

Incorporated as Arrow Electronics

1961

Arrow goes public

1979

Listed on NYSE (ARW)

1986

50+ acquisitions and expansion into Europe and Asia

2005

Arrow expands computer products business beyond North America

2011

Arrow moves HQ from New York to Colorado