Earnings ·
Avnet, Inc. reported fourth quarter and fiscal year 2026 results on August 5, 2026
AVTAvnet Inc
Avnet, Inc. reported fourth quarter and fiscal year 2026 results on August 5, 2026. The company achieved record quarterly sales of $8.3 billion, a 48% increase year-over-year, with diluted earnings per share rising to $1.49 from $0.07 in the prior year period. Full-year fiscal 2026 sales reached $27.6 billion, up 25%, while diluted EPS increased to $4.01 from $2.75. The company returned $29 million in dividends and $138 million via share repurchases during the quarter. Avnet provided first-quarter fiscal 2027 guidance of $9.00 billion to $9.30 billion in sales and adjusted diluted EPS of $2.80 to $2.90. Avnet operates as a global technology distributor and solutions provider for electronic components.