Arrow Electronics, Inc. (NYSE:ARW) is looking for M&A. During the Arrow Electronics Second Quarter 2026 Earnings Call, William Austen, Interim President and Chief Executive Officer, said, "Our focused capital allocation strategy is designed to maximize shareholder value by deploying capital where we expect the highest long-term risk-adjusted returns. We will continue to reinvest in the business to drive organic growth, evaluate disciplined M&A opportunities and return excess capital to shareholders while maintaining an investment-grade credit rating".