Revenue rises 39% year over year to $9.5 billion
Arrow Electronics reported a strong first quarter, with revenue up 39% year over year to $9.5 billion. Non-GAAP EPS rose 190% to $5.22.
The company’s global components business showed broad cyclical recovery, with sales climbing sequentially across regions and end markets. Book-to-bill ratios were well above 1 in all three regions.
AI and data center trends continued to boost the company’s enterprise computing business, with non-GAAP operating margin expanding 160 basis points to 4.2%. The company is still searching for a permanent CEO.