Earnings Releases·Nov 4, 2026, 8:03 AM ET

Avnet — First Quarter 2027 Earnings Summary

Record quarterly sales reached $10.7 billion, up 82% year-over-year and 29% sequentially (71% and 21% respectively excluding an extra sales week), while diluted EPS surged 437.7% to $3.28 and adjusted diluted EPS rose 332% to $3.63.
Operating income margin expanded 202 basis points year-over-year to 4.4%, with adjusted operating income growing approximately three times faster than sales, driven by record performance in Electronic Components ($10.1B sales) and Farnell ($583M sales).
Second quarter fiscal 2027 guidance was issued for sales of $11.1–$11.4 billion and adjusted diluted EPS of $3.90–$4.10, implying ~5% sequential sales growth at the midpoint.
Shareholders received $30 million in dividends, while cash and cash equivalents increased to $236.8 million; however, short-term and long-term debt rose to $861.5 million and $3.3 billion, respectively.
Management cited strong demand across industrial, aerospace, defense, and AI/data center verticals, maintaining a positive outlook despite risks related to geopolitical events, supply chain disruptions, and currency fluctuations.