Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Arrow Electronics reported strong financial results for the first quarter of fiscal 2026, highlighted by a 39% year-over-year increase in total revenue to $9.5 billion and a 160 basis point expansion in operating margin to 4.2%.</li><li>Non-GAAP diluted earnings per share rose significantly by 190% to $5.22, driven by volume growth, operational leverage, and favorable business mix, including increased contributions from higher-margin value-added services such as supply chain management.</li><li>This performance exceeded guidance expectations and demonstrated improvements across both global components and enterprise computing solutions (ECS) segments.</li></ul>

Arrow Electronics reported strong financial results for the first quarter of fiscal 2026, highlighted by a 39% year-over-year increase in total revenue to $9.5 billion and a 160 basis point expansion in operating margin to 4.2%.Non-GAAP diluted earnings per share rose significantly by 190% to $5.22, driven by volume growth, operational leverage, and favorable business mix, including increased contributions from higher-margin value-added services such as supply chain management.This performance exceeded guidance expectations and demonstrated improvements across both global components and enterprise computing solutions (ECS) segments.

Arrow Electronics’ $9.5B Quarter: Can AI Demand Offset Margin Risks?

<ul><li>Arrow Electronics delivered a robust performance in its fourth quarter and full-year 2025 results.</li><li>The company's global operations, spanning electronic components and enterprise computing solutions (ECS), showcased significant growth and adaptability, both of which are critical in a gradually recovering market environment.</li><li>Revenue increased by 20% year-over-year, and non-GAAP EPS surged by 48%, exceeding market expectations.</li></ul>

Arrow Electronics delivered a robust performance in its fourth quarter and full-year 2025 results.The company's global operations, spanning electronic components and enterprise computing solutions (ECS), showcased significant growth and adaptability, both of which are critical in a gradually recovering market environment.Revenue increased by 20% year-over-year, and non-GAAP EPS surged by 48%, exceeding market expectations.

Arrow Electronics: From Distributor to Strategic Partner—The High-Margin Transformation Underway!

<ul><li>Arrow Electronics Inc. has demonstrated a mixed bag of performance and outlook in the latest quarter, indicating areas of strength as well as challenges that the company faces.</li><li>The company's revenue for the third quarter of 2025 reached $7.7 billion, marking a significant increase of $890 million year-over-year.</li><li>This was above the midpoint of the guidance range and reflects a 13% growth compared to the previous year.</li></ul>

Arrow Electronics Inc. has demonstrated a mixed bag of performance and outlook in the latest quarter, indicating areas of strength as well as challenges that the company faces.The company's revenue for the third quarter of 2025 reached $7.7 billion, marking a significant increase of $890 million year-over-year.This was above the midpoint of the guidance range and reflects a 13% growth compared to the previous year.

Arrow Electronics: Inside Its Technology Lifecycle Advantage — What Makes Its OEM Partnerships So Powerful?

<ul><li>Arrow Electronics reported their second quarter results of 2025, showcasing a commendable performance with revenues and earnings per share exceeding the upper end of their guided expectations.</li><li>The company's two major segments, Global Components and Global Enterprise Computing Solutions (ECS), both contributed to this outperformance.</li><li>Positives from the report indicate that Global Components achieved year-over-year growth for the first time since the fourth quarter of 2022.</li></ul>

Arrow Electronics reported their second quarter results of 2025, showcasing a commendable performance with revenues and earnings per share exceeding the upper end of their guided expectations.The company's two major segments, Global Components and Global Enterprise Computing Solutions (ECS), both contributed to this outperformance.Positives from the report indicate that Global Components achieved year-over-year growth for the first time since the fourth quarter of 2022.

Arrow Electronics’ ECS Momentum – What’s Driving Its Cloud & Cybersecurity Gains?

Equity Long-Short, Semiconductors, Fabricated Knowledge

Douglas O'Laughlin

Equity Long-Short, Semiconductors

Fabricated Knowledge

Learn more about the world's most important manufactured product. Meaningful insight, timely analysis, and an occasional investment idea.

Thematic (Sector/Industry)

<ul>
<li>Some more minor data points and highlights: KLIC (ball bonders) says that utilization is 75-80%, which is a good read on China despite the negative industrial headwind.</li>
<li>Allegro Microsystems is definitely scraping the bottom, and while Sanken (its distributor) is still increasing its inventory, I like the setup there.</li>
<li>Arrow Electronics (Distributor) says things are improving, which is a big counterpoint to everything else.</li>
</ul>


Some more minor data points and highlights: KLIC (ball bonders) says that utilization is 75-80%, which is a good read on China despite the negative industrial headwind.
Allegro Microsystems is definitely scraping the bottom, and while Sanken (its distributor) is still increasing its inventory, I like the setup there.
Arrow Electronics (Distributor) says things are improving, which is a big counterpoint to everything else.


United States

Arrow Electronics, Inc. distributes electronic components and computer products to industrial and commercial customers.  The Company distributes a variety of products including computer systems, peripherals, software, and mass storage products to original equipment manufacturers and commercial customers worldwide.

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Arrow Electronics (ARW US)

Arrow Electronics’ $9.5B Quarter: Can AI Demand Offset Margin Risks?

Arrow Electronics reported strong financial results for the first quarter of fiscal 2026, highlighted by a 39% year-over-year increase in total...

Baptista Research

Arrow Electronics: From Distributor to Strategic Partner—The High-Margin Transformation Underway!

Arrow Electronics delivered a robust performance in its fourth quarter and full-year 2025 results. The company's global operations, spanning...

Baptista Research

Arrow Electronics: Inside Its Technology Lifecycle Advantage — What Makes Its OEM Partnerships So Powerful?

Arrow Electronics Inc. has demonstrated a mixed bag of performance and outlook in the latest quarter, indicating areas of strength as well as...

Baptista Research

Arrow Electronics’ ECS Momentum – What’s Driving Its Cloud & Cybersecurity Gains?

Arrow Electronics reported their second quarter results of 2025, showcasing a commendable performance with revenues and earnings per share...

Baptista Research

Earnings: ALGM, LRCX, TOLEY, NVMI, ONTO

Hello, this is a slightly more relaxed week of earnings. I’m going to focus a lot on Allegro and then mention some high-level reads. I’ll keep...

Fabricated Knowledge

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