Earnings ·
Avnet reports Q1 fiscal 2027 sales of $10.7 billion and EPS of $3.28
AVTAvnet Inc
Avnet, Inc. reported first-quarter fiscal 2027 results with record quarterly sales of $10.7 billion, an 82% increase year over year. Diluted earnings per share reached $3.28, compared to $0.61 in the prior-year quarter, while adjusted diluted EPS rose 332% to $3.63. Operating income margin expanded to 4.4%, driven by strong demand across industrial, aerospace, defense, and AI verticals. The company provided second-quarter fiscal 2027 guidance of $11.1 billion to $11.4 billion in sales and adjusted diluted EPS of $3.90 to $4.10. Avnet operates as a global technology distributor and solutions provider.