Avnet reported record fourth-quarter sales of $8.30 billion for the period ended June 27, 2026, up 48% year over year, and GAAP diluted earnings per share of $1.49 (adjusted diluted EPS of $2.28). For fiscal 2026, Avnet posted sales of $27.63 billion and GAAP diluted EPS of $4.01 (adjusted diluted EPS of $5.67). The company also provided first-quarter fiscal 2027 guidance of $9.00–$9.30 billion in sales and adjusted diluted EPS of $2.80–$2.90.
Financial Highlights
- Revenue (Q4 FY2026): $8,295.4 million (record quarterly sales; +47.7% year over year).
- Gross profit (Q4 FY2026): $865.0 million (as reported in consolidated statements).
- Operating income (Q4 FY2026, GAAP): $231.0 million; operating income margin: 2.8%.
- Net income (Q4 FY2026, GAAP): $126.6 million; diluted earnings per share (GAAP): $1.49; adjusted diluted EPS: $2.28.
- Fiscal 2026 full year: Sales $27,632.7 million; GAAP diluted EPS $4.01; adjusted diluted EPS $5.67.
Business Highlights
- Electronic Components segment delivered record quarterly sales of $7,795.3 million with operating margin of 4.1% and gross profit of $717.1 million.
- Farnell reported record quarterly sales of $500.1 million with a 9.0% operating margin and gross profit of $147.9 million, reflecting strong margin expansion.
- Sales increased sequentially across all regions: Americas, EMEA and Asia; Asia accounted for 47.5% of Q4 sales while Americas and EMEA contributed 24.8% and 27.7%, respectively.
- Inventory management improved: company-wide inventory days declined (Q4 versus prior quarter) with Electronic Components inventory days under 65 and Farnell inventory days reduced to under 200.
- Returned capital to shareholders in fiscal 2026 including $138 million in share repurchases and $114 million in dividends; Q4 dividends paid totaled $29 million.
Original SEC Filing:
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