Sharpness-Aware Minimization (SAM) improves model generalization but doubles the computational cost of Stochastic Gradient Descent (SGD) by requiring twice the gradient calculations per optimization step. To mitigate this, we propose Adaptively sampling-Reusing-mixing decomposed gradients to significantly accelerate SAM (ARSAM). Concretely, we firstly discover that SAM's gradient can be decomposed into the SGD gradient and the Projection of the Second-order gradient onto the First-order gradient (PSF). Furthermore, we observe that the SGD gradient and PSF dynamically evolve during training, emphasizing the growing role of the PSF to achieve a flat minima. Therefore, ARSAM is proposed to the reused PSF and the timely updated PSF still maintain the model's generalization ability. Extensive experiments show that ARSAM achieves state-of-the-art accuracies comparable to SAM across diverse network architectures. On CIFAR-10/100, ARSAM is comparable to SAM while providing a speedup of about 40\%. Moreover, ARSAM accelerates optimization for the various challenge tasks (\textit{e.g.}, human pose estimation, and model quantization) without sacrificing performance, demonstrating its broad practicality.% The code is publicly accessible at: https://github.com/ajiaaa/ARSAM.