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.

Avnet, Inc. entered into Amendment No. 9 to its Fourth Amended and Restated Receivables Purchase Agreement with Wells Fargo Bank, N.A. as agent. The amendment increases the maximum purchase limit of the facility from $500,000,000 to $700,000,000 and extends the termination date to July 1, 2028. Avnet, Inc. operates in the electronic components distribution industry.