AI Earnings Predictions for Avnet Inc. (AVT)

EX-99.1

2 avt-20260805xex99d1.htm

EX-99.1

Exhibit 99.1

​

​

Avnet Reports Fourth Quarter and Fiscal 2026 Financial Results

​

Record quarterly sales of $8.3 billion with nearly 50% year-over-year sales growth and significant margin expansion

​

Electronic Components operating margin of 4.1% on record sales of $7.8 billion

​

Farnell operating margin of 9.0% on record sales of $500 million

PHOENIX – August 5, 2026 – Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year 2026 ended June 27, 2026.

“Our fourth quarter results underscore the strength of Avnet’s business model and the impact of our disciplined execution and long-term strategy. We delivered record sales while growing profitability at more than two and a half times the rate of sales growth, demonstrating the operating leverage in our business model. Momentum continues to build across all regions, end markets and customer segments, giving us increasing confidence in our competitive position,” said Avnet Chief Executive Officer Phil Gallagher. “As demand improves and mass market activity continues to accelerate, we are entering fiscal 2027 with great momentum. We are well positioned to capture growth opportunities, further expand earnings and generate attractive long-term returns for our shareholders.”

Fiscal Fourth Quarter Key Financial Highlights:

●Record quarterly sales of $8.3 billion, an increase of 48% year over year and 17% sequentially.

oSequential and year-over-year sales growth across all EC regions and Farnell.

●Diluted earnings per share of $1.49, compared with $0.07 in the prior year quarter.

oAdjusted diluted earnings per share of $2.28 increased 182% year over year.

oAdjusted diluted earnings per share grew 3.8 times greater than sales year over year.

●Operating income margin of 2.8% expanded 147 basis points year over year.

oAdjusted operating income margin of 3.8% expanded 129 basis points year over year.

oAdjusted operating income grew 2.6 times greater than sales.

oEC operating margin of 4.1%.

oFarnell operating margin of 9.0%.

●Inventory days declined by 6 days to 71 quarter over quarter.

oEC inventory days declined by 5 days to under 65 days.

oFarnell inventory days declined by 10 days to under 200 days.

●Returned $29 million to shareholders in dividends.

​

​

Fiscal 2026 Key Financial Highlights:

●Sales of $27.6 billion, an increase of 25% year over year.

●Diluted earnings per share of $4.01, compared with $2.75 in the prior year.

oAdjusted diluted earnings per share of $5.67, an increase of 65% year over year.

oAdjusted diluted earnings per share grew more than 2.6 times sales.

●Operating income margin of 2.6%, compared with 2.3% in the prior year.

oAdjusted operating income margin of 3.1% expanded 31 basis points year over year.

●Inventory days of 81 decreased 18 days year over year.

●Returned $138 million to shareholders from share repurchases, representing 3.2% of shares outstanding.

●Returned $114 million to shareholders in dividends.

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Key Financial Metrics

($ in millions, except per share data)

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​

​

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​

​

​

​

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​

​

​

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​

​

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​

Fourth Quarter Results (GAAP)

​

​

​

Jun – 26

​ ​

Jun – 25

​ ​

Change Y/Y

​ ​

March – 26

​ ​

Change Q/Q

​

Sales

​

$

8,295.4

​

​

$

5,617.8

​

​

47.7

%

​

$

7,119.8

​

​

16.5

%

​

Operating Income

​

$

231.0

​

​

$

73.5

​

​

214.5

%

​

$

205.5

​

​

12.4

%

​

Operating Income Margin

​

​

2.8

%

​

​

1.3

%

​

147

bps

​

​

2.9

%

​

(11)

bps

​

Diluted Earnings Per Share

​

$

1.49

​

​

$

0.07

​

​

2,028.6

%

​

$

1.14

​

​

30.7

%

​

Fourth Quarter Results (Non-GAAP)(1)

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​

​

Jun – 26

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Jun – 25

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Change Y/Y

​ ​

March – 26

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Change Q/Q

​

Adjusted Operating Income

​

$

317.9

​

​

$

142.9

​

​

122.5

%

​

$

220.6

​

​

44.1

%

​

Adjusted Operating Income Margin

​

​

3.8

%

​

​

2.5

%

​

129

bps

​

​

3.1

%

​

73

bps

​

Adjusted Diluted Earnings Per Share

​

$

2.28

​

​

$

0.81

​

​

181.5

%

​

$

1.48

​

​

54.1

%

​

Segment and Geographical Mix

​

​

​

Jun – 26

​ ​

Jun – 25

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Change Y/Y

​

March – 26

​ ​

Change Q/Q

​

Electronic Components (EC) Sales

​

$

7,795.3

​

​

$

5,231.3

​

​

49.0

%

​

$

6,665.1

​

​

17.0

%

​

EC Operating Income Margin

​

​

4.1

%

​

​

3.0

%

​

107

bps

​

​

3.5

%

​

54

bps

​

Farnell Sales

​

$

500.1

​

​

$

386.5

​

​

29.4

%

​

$

454.7

​

​

10.0

%

​

Farnell Operating Income Margin

​

​

9.0

%

​

​

4.3

%

​

468

bps

​

​

5.2

%

​

373

bps

​

Americas Sales

​

$

2,060.7

​

​

$

1,327.0

​

​

55.3

%

​

$

1,615.0

​

​

27.6

%

​

EMEA Sales

​

$

2,298.9

​

​

$

1,599.7

​

​

43.7

%

​

$

2,046.3

​

​

12.4

%

​

Asia Sales

​

$

3,935.8

​

​

$

2,691.1

​

​

46.3

%

​

$

3,458.5

​

​

13.8

%

​

(1)A reconciliation of non-GAAP financial measures to GAAP financial measures

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AVNET, INC._January 28, 2026 0000008858false00000088582026-01-282026-01-28 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT

TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported)    January 28, 2026

AVNET, INC.

(Exact name of registrant as specified in its charter) ​

New York

1-4224

11-1890605

(State or other jurisdiction

(Commission

(IRS Employer

of incorporation)

File Number)

Identification No.)

​

2211 South 47th Street, Phoenix, Arizona

85034

(Address of principal executive offices)

(Zip Code)

​ (480) 643-2000 (Registrant’s telephone number, including area code.) ​ N/A (Former name or former address, if changed since last report.) ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol

Name of each exchange on which registered:

Common stock, par value $1.00 per share

AVT

NASDAQ Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​

Item 2.02     Results of Operations and Financial Condition. ​ On January 28, 2026, Avnet, Inc. issued a press release announcing its second quarter results of operations for fiscal 2026. A copy of the press release is attached hereto as Exhibit 99.1. ​ The information in this Current Report on Form 8-K and the exhibit attached hereto are being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section, nor shall they be deemed incorporated by reference in any filing under the Securities Act of 1933 except as shall be expressly set forth in such filing. Item 9.01     Financial Statements and Exhibits. (d) Exhibits. The following materials are attached as exhibits to this Current Report on Form 8-K: ​

Exhibit Number ​ ​ Description

99.1

Press Release, dated January 28, 2026.

​ ​ ​

104 ​ Cover Page Interactive Data File (formatted in Inline XBRL and contained in Exhibit 101).

​ ​

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​ ​

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Date: January 28, 2026 ​

AVNET, INC.

​ ​ ​

​ ​ ​

​ ​ By: ​ /s/ Kenneth A. Jacobson

​ ​ ​ ​ Name: Kenneth A. Jacobson

​ ​ ​ ​ Title: Chief Financial Officer

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​ ​ ​ ​ ​ ​ ​ ​