Avnet — First Quarter 2027 Earnings Summary

Avnet reported record first-quarter 2027 sales of $10.7 billion, representing an 82% year-over-year increase, alongside diluted earnings per share of $3.28. The Electronic Components segment achieved an operating margin of 4.8% on record operating income of $484 million, while Farnell posted an operating margin of 10.1% on sales of $583 million. The company returned $30 million to shareholders through dividends and improved its return on working capital to 25%. For the second quarter of fiscal 2027, Avnet provided guidance for sales between $11.1 billion and $11.4 billion and adjusted diluted earnings per share between $3.90 and $4.10.