Arrow Electronics, Inc.
ARWQ1 2024(ARW Q4 FY2023)Estimated1% AI
AI Revenue %
1%
AI Fair Value
$74.4M
AI Revenue (Q)
$80.1M
Total Revenue (Q)
$8.0B
Source: SEC EDGAR 10-K Filing
View 10-K on SEC.govAnalysis
Q4 FY2023 / full year FY2023 (ended December 31, 2023). FY2023 total revenue approximately $33.1B. The 10-K describes Arrow's role in 'industrial automation, edge and cloud computing, smart and connected devices, and transportation' -- no AI-specific language. Global Components = ~77% = ~$25.5B, semiconductors ~76% of that = ~$19.4B. Global ECS = ~23% = ~$7.6B. Q4 2023 quarterly sales ~$7,800M (FY2023 ~$33.1B - 9-month $25,258M = ~$7,842M). By late 2023, AI-related distribution was beginning to pick up as enterprise customers ordered AI components through distribution (edge inference, embedded AI, AI networking gear via ECS). However, the vast majority of AI chip spending still bypassed distribution. ECS 'data intelligence' (6%) = ~$456M annually, of which ~30% AI-related = ~$137M annually, ~$34M quarterly. Edge AI chips: ~$50M quarterly. Total ~$84M / $7,842M = 1.1%. Rounded conservatively to 1.0%.
Analyzed by claude-opus-4-6
Quoted Figures
For 2023, approximately 77% of the company s sales were from the global components reportable segment, and approximately 23% of the company s sales were from the global ECS reportable segment.
10-K FY2023, Item 1 Business
AI Products Identified (Ring 1)
Edge AI chipsAI inference processorsAI networking/infrastructure via ECS
AI-Enabled Items (Ring 2 — Not Counted)
These items use AI but are not counted in the AI revenue estimate because they primarily serve non-AI functions.
Global Components semiconductor distributionGlobal ECS datacenter solutionsGlobal ECS data intelligence
Confidence Tier
EstimatedNo direct AI revenue disclosure — estimated from product mix