ARW · 10-K filed 11 Feb 2026 · year to 31 Dec 2025

Arrow Electronics

18 named things its latest annual report says its results depend on, each in the company's own words. 11 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Customers

U.S. government agencies

earns fromnamed as a risk

If the company is deemed to have violated these executive orders and any related laws or regulations, it may jeopardize the ability of the company’s business units to continue to do business as federal contractors or subcontractors, and could negatively affect the company’s revenue.Risk factors (Item 1A)

Also named by DJCO, FICO, MCHP, P, VTOL, ZS

Suppliers

Largest supplier (unnamed)

depends on · approximately 8% of the company’s consolidated salesnamed as a risk

For example, sales of products from one of the company’s suppliers accounted for approximately 8% of the company’s consolidated sales in 2025.Risk factors (Item 1A)

Also named by CAH, FND, MCK, ORLY, SMCI

Supplier price protection agreements

depends on · approximately 56% of the company’s consolidated inventories

As of December 31, 2025, this type of arrangement covered approximately 56% of the company’s consolidated inventories.Business (Item 1)

Supplier inventory repurchase arrangements

depends on · approximately 59% of the company’s consolidated inventories

As of December 31, 2025, this type of repurchase arrangement covered approximately 59% of the company’s consolidated inventories.Business (Item 1)

Partners and platforms

Global ECS multi-year distribution agreements

depends on · net losses of $18.3 millionnamed as a risk

In 2025, the company recorded net losses of $18.3 million due to lower demand and profit expectations on certain contracts, which negativelyRisk factors (Item 1A)

Places

Outside the United States

earns from · approximately 66%named as a risk

In 2025, 2024, and 2023, approximately 66%, 65%, and 66%, respectively, of the company’s sales came from its operations outside the United States.Risk factors (Item 1A)

Also named by APD, BALL, CCK, COO, GGG, GIS, HPE, LITE and 10 more

China

operates innamed as a risk

Political developments impacting international trade, trade disputes and increased tariffs, particularly between the United States and China; political instability, such as wars or other armed conflicts; and the effects of epidemics, pandemics, or other public health crises may negatively impact markets and cause weaker macroeconomic conditions, reducing demand for the company’s products and services, particularly due to the company’s extensive international operations and business.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Commodities and inputs

Euro

exposed to its price · approximately $780.0 million and $26.9 millionnamed as a risk

For example, sales and operating income would decrease by approximately $780.0 million and $26.9 million, respectively, if the U.S. dollar strengthened by 10% against the Euro.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Semiconductors

earns from · approximately 50%named as a risk

Sales of semiconductor products and related services represented approximately 50%, 53%, and 60%, of the company’s consolidated sales in 2025, 2024, and 2023, respectively.Risk factors (Item 1A)

Also named by AAPL, AIOT, AXON, CARR, CAT, CIEN, CSCO, GD and 16 more

Interconnect, passive and electromechanical (IP&E) components

earns from · approximately 16%

Within the global components segment for 2025, sales of approximately 72% consist of semiconductor products and related services; approximately 16% consist of IP&E products, such as capacitors, resistors, potentiometers, power supplies, relays, switches, and connectors; approximately 7% consist of computing and memory; and approximately 5% consist of other products and services.Business (Item 1)

Regulators

U.S. Bureau of Industry and Security (BIS) Entity List

subject tonamed as a risk

For example, on October 8, 2025, three of the company’s subsidiaries in China were added to the “Entity List” of the BIS, which restricted their ability to receive exports of U.S. technology from suppliers.Risk factors (Item 1A)

Also named by MRVL, PDFS, SWKS

Laws and programs

OECD global minimum tax

subject to · 15%named as a risk

For example, the OECD has advanced new tax proposals affecting international taxation, including the establishment of a global minimum tax of 15%, which many countries are either considering implementing or have already implemented.Risk factors (Item 1A)

Also named by AAPL, APP, AXP, BAC, BALL, CB, CBRE, CROX and 15 more

U.S. Foreign Corrupt Practices Act

subject tonamed as a risk

Further, the company is also subject to the U.S. Foreign Corrupt Practices Act of 1977, as amended, the U.S. domestic bribery statute contained in 18 U.S.C. § 201, and other anti-bribery and anti-money laundering laws in the countries in which it conducts business.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

Export Administration Regulations (EAR)

subject tonamed as a risk

In addition, licenses or proper license exceptions may be required by export regulations, including the EAR, for the shipment of certain U.S. Products to certain countries, including China, India, and other countries in which the company operates.Risk factors (Item 1A)

Also named by ADI, ALAB, AMD, APP, AVGO, CARR, CDRE, COHR and 40 more

International Emergency Economic Powers Act tariffs

subject tonamed as a risk

Ongoing litigation regarding U.S. tariffs issued pursuant to the International Emergency Economic Powers Act, including two matters recently heard by the U.S. Supreme Court, has created additional uncertainty regarding the potential effects that tariffs may have on the company’s business.Risk factors (Item 1A)

Also named by AAOI, ANET, COHR, CSW, DECK, FIVE, IBP, KLAC and 8 more

OFAC regulations

subject tonamed as a risk

Failure to obtain and apply required authorizations, or other non-compliance with the EAR, OFAC regulations, or other applicable export regulations could result in a wide range of penalties including the denial or restriction of export privileges, significant fines, criminal penalties, and the seizure of inventories, any of which could have a material adverse effect on the company’s business.Risk factors (Item 1A)

European Green Deal

subject tonamed as a risk

Additionally, the company is or may be obligated to comply with new requirements related to environmental, social, governance, or other corporate stewardship matters under U.S. federal and state laws, regulations, and executive orders; the European Green Deal; and the laws and regulations of various other jurisdictions.Risk factors (Item 1A)

Technology

ArrowSphere

Global ECS further supports customers by enabling their software and cloud solutions businesses through ArrowSphere, a software and cloud marketplace and management platform.Business (Item 1)