Avnet Reports Fourth Quarter and Fiscal 2026 Financial Results

Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year 2026 ended June 27, 2026.

“Our fourth quarter results underscore the strength of Avnet’s business model and the impact of our disciplined execution and long-term strategy. We delivered record sales while growing profitability at more than two and a half times the rate of sales growth, demonstrating the operating leverage in our business model. Momentum continues to build across all regions, end markets and customer segments, giving us increasing confidence in our competitive position,” said Avnet Chief Executive Officer Phil Gallagher. “As demand improves and mass market activity continues to accelerate, we are entering fiscal 2027 with great momentum. We are well positioned to capture growth opportunities, further expand earnings and generate attractive long-term returns for our shareholders.”

Fiscal Fourth Quarter Key Financial Highlights:

• Record quarterly sales of $8.3 billion, an increase of 48% year over year and 17% sequentially.
  • Sequential and year-over-year sales growth across all EC regions and Farnell.
• Diluted earnings per share of $1.49, compared with $0.07 in the prior year quarter.
  • Adjusted diluted earnings per share of $2.28 increased 182% year over year.
  • Adjusted diluted earnings per share grew 3.8 times greater than sales year over year.
• Operating income margin of 2.8% expanded 147 basis points year over year.
  • Adjusted operating income margin of 3.8% expanded 129 basis points year over year.
  • Adjusted operating income grew 2.6 times greater than sales.
  • EC operating margin of 4.1%.
  • Farnell operating margin of 9.0%.
• Inventory days declined by 6 days to 71 quarter over quarter.
  • EC inventory days declined by 5 days to under 65 days.
  • Farnell inventory days declined by 10 days to under 200 days.
• Returned $29 million to shareholders in dividends.

Fiscal 2026 Key Financial Highlights:

• Sales of $27.6 billion, an increase of 25% year over year.
• Diluted earnings per share of $4.01, compared with $2.75 in the prior year.
  • Adjusted diluted earnings per share of $5.67, an increase of 65% year over year.
  • Adjusted diluted earnings per share grew more than 2.6 times sales.
• Operating income margin of 2.6%, compared with 2.3% in the prior year.
  • Adjusted operating income margin of 3.1% expanded 31 basis points year over year.
• Inventory days of 81 decreased 18 days year over year.
• Returned $138 million to shareholders from share repurchases, representing 3.2% of shares outstanding.
• Returned $114 million to shareholders in dividends.

Key Financial Metrics
($ in millions, except per share data)

Fourth Quarter Results (GAAP)
		Jun – 26				Jun – 25				Change Y/Y			March – 26				Change Q/Q
Sales		$	8,295.4			$	5,617.8			47.7	%		$	7,119.8			16.5	%
Operating Income		$	231.0			$	73.5			214.5	%		$	205.5			12.4	%
Operating Income Margin			2.8	%			1.3	%		147	bps			2.9	%		(11)	bps
Diluted Earnings Per Share		$	1.49			$	0.07			2,028.6	%		$	1.14			30.7	%
Fourth Quarter Results (Non-GAAP)(1)
		Jun – 26				Jun – 25				Change Y/Y			March – 26				Change Q/Q
Adjusted Operating Income		$	317.9			$	142.9			122.5	%		$	220.6			44.1	%
Adjusted Operating Income Margin			3.8	%			2.5	%		129	bps			3.1	%		73	bps
Adjusted Diluted Earnings Per Share		$	2.28			$	0.81			181.5	%		$	1.48			54.1	%
Segment and Geographical Mix
		Jun – 26				Jun – 25				Change Y/Y			March – 26				Change Q/Q
Electronic Components (EC) Sales		$	7,795.3			$	5,231.3			49.0	%		$	6,665.1			17.0	%
EC Operating Income Margin			4.1	%			3.0	%		107	bps			3.5	%		54	bps
Farnell Sales		$	500.1			$	386.5			29.4	%		$	454.7			10.0	%
Farnell Operating Income Margin			9.0	%			4.3	%		468	bps			5.2	%		373	bps
Americas Sales		$	2,060.7			$	1,327.0			55.3	%		$	1,615.0			27.6	%
EMEA Sales		$	2,298.9			$	1,599.7			43.7	%		$	2,046.3			12.4	%
Asia Sales		$	3,935.8			$	2,691.1			46.3	%		$	3,458.5			13.8	%

(1)

A reconciliation of non-GAAP financial measures to GAAP financial measures is presented in the “Non-GAAP Financial Information” section of this press release.

Guidance for the First Quarter of Fiscal 2027 Ending on October 3, 2026

		Guidance Range		Midpoint
Sales		$9.00B – $9.30B		$9.15B
Adjusted Diluted EPS(1)		$2.80 – $2.90		$2.85

(1)

A reconciliation of non-GAAP guidance to GAAP guidance is presented in the “Non-GAAP Financial Information” section of this press release.

The first quarter guidance implies sequential sales growth of approximately 10% at the midpoint and assumes sales growth across all Electronic Components regions and Farnell.

The first quarter guidance also excludes restructuring, integration and other expenses, foreign currency gains and losses, and certain income tax adjustments. The first quarter guidance assumes similar interest expense to the fourth quarter of fiscal 2026 and an adjusted effective tax rate of between 21% and 25%. The first quarter guidance assumes 85 million average diluted shares outstanding. The average currency exchange rates assumed for first quarter guidance are shown in the table below:

		Q1 Fiscal
		2027		Q4 Fiscal		Q1 Fiscal
		Guidance		2026		2026
Euro to U.S. Dollar		$1.15		$1.16		$1.17
GBP to U.S. Dollar		$1.34		$1.34		$1.35

Today’s Conference Call and Webcast Details

Avnet will host a conference call and webcast today at 9:00 a.m. PT / Noon ET to discuss its financial results, provide a business update and answer questions.

• Live conference call: 877-407-8112 (domestic) or 201-689-8840 (international)
• Live webcast along with slides can be accessed via Avnet’s Investor Relations website at https://ir.avnet.com or by accessing the webcast directly at https://avt-q4-2026.open-exchange.net
• An audio replay of the webcast will be available after the completion of the call and archived on the website for one year

Forward-Looking Statements

This document contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, with respect to the financial condition, results of operations, and business of the Company. You can find many of these statements by looking for words like “believes,” “projected,” “plans,” “expects,” “anticipates,” “should,” “will,” “may,” “estimates,” or similar expressions. These forward-looking statements are subject to numerous assumptions, risks, and uncertainties. The following important factors, in addition to those discussed elsewhere in the Company’s Annual Report on Form 10-K for the fiscal year ended June 28, 2025 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, could affect the Company’s future results of operations, and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements: geopolitical events and military conflicts; pandemics and other health-related crises; competitive pressures among distributors of electronic components; an industry down-cycle in semiconductors; relationships with key suppliers and allocations of products by suppliers; accounts receivable defaults; risks relating to the Company’s international sales and operations, including risks relating to repatriating cash, foreign currency fluctuations, inflation, duties and taxes, tariffs, sanctions and trade restrictions, and compliance with international and U.S. laws; risks relating to acquisitions, divestitures, and investments; adverse effects on the Company’s supply chain, operations of its distribution centers, shipping costs, third-party service providers, customers, and suppliers, including as a result of issues caused by military conflicts, terrorist attacks, natural and weather-related disasters, pandemics and health related crises, warehouse modernization, and relocation efforts; risks related to cyber security attacks, other privacy and security incidents, and information systems failures, including related to current or future implementations, integrations, and upgrades; general economic and business conditions (domestic, foreign, and global) affecting the Company’s operations and financial performance and, indirectly, the Company’s credit ratings, debt covenant compliance, liquidity, and access to financing; constraints on employee retention and hiring; and legislative or regulatory changes.

Any forward-looking statement speaks only as of the date on which that statement is made. Except as required by law, the Company assumes no obligation to update any forward-looking statement to reflect events or circumstances that occur after the date on which the statement is made.

About Avnet

As a leading global technology distributor and solutions provider, Avnet has served customers’ evolving needs for more than a century. Through regional and specialized businesses around the world, we support customers and suppliers at every stage of the product lifecycle. We help companies adapt to change and accelerate the design and supply stages of product development. With a unique viewpoint from the center of the technology supply chain, Avnet is a trusted partner that solves complex design and supply chain issues so customers can realize revenue faster. Learn more about Avnet at www.avnet.com. (AVT_IR)

AVNET, INC. CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
		Fourth Quarters Ended								Years Ended
		June 27,				June 28,				June 27,				June 28,
		2026				2025				2026				2025
		(Thousands, except per share data)
Sales		$	8,295,377			$	5,617,795			$	27,632,683			$	22,200,754
Cost of sales			7,430,345				5,024,111				24,750,787				19,815,798
Gross profit			865,032				593,684				2,881,896				2,384,956
Selling, general and administrative expenses			547,506				451,171				2,022,408				1,762,386
Restructuring, integration, and other expenses			86,507				69,061				134,706				108,316
Operating income			231,019				73,452				724,782				514,254
Other expense, net			(4,405)				(7,604)				(6,631)				(17,283)
Interest and other financing expenses, net			(66,456)				(58,444)				(250,715)				(246,402)
Income before taxes			160,158				7,404				467,436				250,569
Income tax expense			33,579				1,315				133,047				10,352
Net income		$	126,579			$	6,089			$	334,389			$	240,217
Earnings per share:
Basic		$	1.54			$	0.07			$	4.07			$	2.78
Diluted		$	1.49			$	0.07			$	4.01			$	2.75
Shares used to compute earnings per share:
Basic			82,177				84,112				82,158				86,266
Diluted			84,693				85,058				83,415				87,413
Cash dividends paid per common share		$	0.35			$	0.33			$	1.40			$	1.32

AVNET, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
		June 27,				June 28,
		2026				2025
		(Thousands)
ASSETS
Current assets:
Cash and cash equivalents		$	155,396			$	192,428
Receivables			6,882,965				4,327,450
Inventories			6,069,419				5,235,485
Prepaid and other current assets			226,043				263,374
Total current assets			13,333,823				10,018,737
Property, plant and equipment, net			644,574				667,247
Goodwill			810,163				837,031
Operating lease assets			248,958				201,896
Other assets			387,875				393,642
Total assets		$	15,425,393			$	12,118,553
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term debt		$	733,952			$	87,284
Accounts payable			6,054,326				3,487,419
Accrued expenses and other			659,266				497,154
Short-term operating lease liabilities			55,888				56,247
Total current liabilities			7,503,432				4,128,104
Long-term debt			2,478,864				2,574,729
Long-term operating lease liabilities			207,111				159,449
Other liabilities			213,483				244,776
Total liabilities			10,402,890				7,107,058
Shareholders’ equity			5,022,503				5,011,495
Total liabilities and shareholders’ equity		$	15,425,393			$	12,118,553

AVNET, INC. CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
		Years Ended
		June 27,				June 28,
		2026				2025
		(Thousands)
Cash flows from operating activities:
Net income		$	334,389			$	240,217
Non-cash and other reconciling items:
Depreciation and amortization			76,786				71,616
Amortization of operating lease assets			57,961				53,579
Deferred income taxes			6,010				(105,412)
Stock-based compensation			48,692				36,399
Other, net			(2,406)				25,942
Changes in (net of effects from businesses acquired and divested):
Receivables			(2,614,899)				183,533
Inventories			(918,329)				409,553
Accounts payable			2,608,416				101,702
Accrued expenses and other, net			122,455				(292,625)
Net cash flows (used for) provided by operating activities			(280,925)				724,504
Cash flows from financing activities:
Issuance of convertible notes, net of issuance costs			633,750				—
Repayments of public notes			(550,000)				—
Borrowings under accounts receivable securitization, net			—				84,900
Borrowings (repayments) under senior unsecured credit facility, net			157,938				(357,299)
Borrowings (repayments) under bank credit facilities and other debt, net			57,033				(2,451)
Borrowings under term loan			270,161				—
Repurchases of common stock			(138,308)				(303,490)
Dividends paid on common stock			(114,361)				(113,310)
Other, net			(321)				(1,876)
Net cash flows provided by (used for) financing activities			315,892				(693,526)
Cash flows from investing activities:
Purchases of property, plant and equipment			(73,572)				(147,474)
Other, net			2,099				10,347
Net cash flows used for investing activities			(71,473)				(137,127)
Effect of currency exchange rate changes on cash and cash equivalents			(526)				(12,364)
Cash and cash equivalents:
— decrease			(37,032)				(118,513)
— at beginning of period			192,428				310,941
— at end of period		$	155,396			$	192,428

Non-GAAP Financial Information

In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company also discloses certain non-GAAP financial information including (i) adjusted operating income, (ii) adjusted other income (expense), (iii) adjusted income before income taxes, (iv) adjusted income tax expense (benefit), and (v) adjusted diluted earnings per share.

There are also references to the impact of foreign currency in the discussion of the Company’s results of operations. When the U.S. Dollar strengthens and the stronger exchange rates of the current year are used to translate the results of operations of Avnet’s subsidiaries denominated in foreign currencies, the resulting impact is a decrease in U.S. Dollars of reported results. Conversely, when the U.S. Dollar weakens and the weaker exchange rates of the current year are used to translate the results of operations of Avnet’s subsidiaries denominated in foreign currencies, the resulting impact is an increase in U.S. Dollars of reported results. In the discussion of the Company’s results of operations, results excluding this impact are referred to as “constant currency.” Management believes sales in constant currency is a useful measure for evaluating current period performance as compared with prior periods and for understanding underlying trends. In order to determine the translation impact of changes in foreign currency exchange rates on sales, income or expense items for subsidiaries reporting in currencies other than the U.S. Dollar, the Company adjusts the average exchange rates used in current periods to be consistent with the average exchange rates in effect during the comparative period.

Management believes that operating income adjusted for restructuring, integration and other expenses, and amortization of acquired intangible assets, is a useful measure to help investors better assess and understand the Company’s operating performance. This is especially the case when comparing results with previous periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of Avnet’s normal operating results or non-cash in nature. Management analyzes operating income without the impact of these items as an indicator of ongoing margin performance and underlying trends in the business. Management also uses these non-GAAP measures to establish operational goals and, in most cases, for measuring performance for compensation purposes. Management measures operating income for its reportable segments excluding restructuring, integration and other expenses, and amortization of acquired intangible assets.

Management also believes income tax expense (benefit), net income and diluted earnings per share adjusted for the impact of the items described above, foreign currency gains and losses and certain items impacting income tax expense (benefit) are useful to investors because they provide a measure of the Company’s net profitability on a more comparable basis to historical periods and provide a more meaningful basis for forecasting future performance. Adjustments to income tax expense (benefit) and the effective income tax rate include the effect of changes in tax laws, certain changes in valuation allowances and unrecognized tax benefits, income tax audit settlements and adjustments to the effective tax rate based upon the expected long-term adjusted effective tax rate. Additionally, because of management’s focus on generating shareholder value, of which net profitability is a primary driver, management believes net income and diluted earnings per share excluding the impact of these items provides an important measure of the Company’s net profitability for the investing public.

Additional non-GAAP metrics management uses are adjusted operating income margin, which is defined as adjusted operating income divided by sales and the adjusted effective income tax rate, which is defined as adjusted income tax expense divided by adjusted income before income taxes.

Any analysis of results and outlook on a non-GAAP basis should be used as a complement to, and in conjunction with, results presented in accordance with GAAP.

		Fiscal				Quarters Ended
		Year				June 27,				March 28,				December 27,				September 27,
		2026*				2026				2026				2025				2025
		($ in thousands, except per share amounts)
GAAP operating income		$	724,782			$	231,019			$	205,535			$	146,196			$	142,032
Restructuring, integration, and other expenses			134,706				86,507				14,737				25,171				8,291
Amortization of intangible assets			1,457				364				364				364				364
Adjusted operating income			860,945				317,890				220,636				171,731				150,687
GAAP other income (expense), net		$	(6,631)			$	(4,405)			$	(1,827)			$	5,067			$	(5,466)
Foreign currency loss (gain)			10,714				3,726				3,444				(2,939)				6,483
Adjusted other income, net			4,083				(679)				1,617				2,128				1,017
GAAP income before income taxes		$	467,436			$	160,158			$	140,570			$	89,905			$	76,804
Restructuring, integration, and other expenses			134,706				86,507				14,737				25,171				8,291
Amortization of intangible assets			1,457				364				364				364				364
Foreign currency loss (gain)			10,714				3,726				3,444				(2,939)				6,483
Adjusted income before income taxes			614,313				250,755				159,115				112,501				91,942
GAAP income tax expense		$	133,047			$	33,579			$	46,238			$	28,172			$	25,059
Restructuring, integration, and other expenses			38,561				23,343				5,901				6,865				2,452
Amortization of intangible assets			344				87				86				86				85
Foreign currency loss (gain)			1,827				625				758				(1,091)				1,535
Income tax expense items, net			(32,487)				40				(16,386)				(8,157)				(7,984)
Adjusted income tax expense			141,292				57,674				36,597				25,875				21,147
GAAP net income		$	334,389			$	126,579			$	94,332			$	61,733			$	51,745
Restructuring, integration, and other expenses (net of tax)			96,145				63,164				8,836				18,306				5,839
Amortization of intangible assets (net of tax)			1,112				277				278				278				279
Foreign currency loss (gain) (net of tax)			8,887				3,101				2,686				(1,848)				4,948
Income tax expense items, net			32,487				(40)				16,386				8,157				7,984
Adjusted net income			473,020				193,081				122,518				86,626				70,795
GAAP diluted earnings per share		$	4.01			$	1.49			$	1.14			$	0.75			$	0.61
Restructuring, integration, and other expenses (net of tax)			1.15				0.75				0.11				0.22				0.07
Amortization of intangible assets (net of tax)			0.01				0.00				0.00				0.00				0.00
Foreign currency loss (gain) (net of tax)			0.11				0.04				0.03				(0.02)				0.06
Income tax expense items, net			0.39				—				0.20				0.10				0.10
Adjusted diluted EPS			5.67				2.28				1.48				1.05				0.84
* May not foot/cross foot due to rounding.

		Fiscal				Quarters Ended
		Year				June 28,				March 29,				December 28,				September 28,
		2025*				2025				2025				2024				2024
		($ in thousands, except per share amounts)
GAAP operating income		$	514,254			$	73,452			$	143,251			$	155,327			$	142,225
Restructuring, integration, and other expenses			108,316				69,061				9,110				3,794				26,351
Amortization of intangible assets			1,463				364				364				366				368
Adjusted operating income			624,033				142,877				152,725				159,487				168,944
GAAP other expense, net		$	(17,283)			$	(7,604)			$	(3,992)			$	(2,645)			$	(3,043)
Foreign currency loss			29,631				12,811				6,933				5,104				4,783
Adjusted other income, net			12,348				5,207				2,941				2,459				1,740
GAAP income before income taxes		$	250,569			$	7,404			$	78,144			$	90,283			$	74,738
Restructuring, integration, and other expenses			108,316				69,061				9,110				3,794				26,351
Amortization of intangible assets			1,463				364				364				366				368
Foreign currency loss			29,631				12,811				6,933				5,104				4,783
Adjusted income before income taxes			389,979				89,640				94,551				99,547				106,240
GAAP income tax expense (benefit)		$	10,352			$	1,315			$	(9,775)			$	3,030			$	15,782
Restructuring, integration, and other expenses			20,671				10,397				2,475				1,142				6,657
Amortization of intangible assets			345				86				86				86				87
Foreign currency loss			8,800				3,796				1,762				1,630				1,612
Income tax expense items, net			49,527				5,023				27,199				17,007				298
Adjusted income tax expense			89,695				20,617				21,747				22,895				24,436
GAAP net income		$	240,217			$	6,089			$	87,919			$	87,253			$	58,956
Restructuring, integration, and other expenses (net of tax)			87,645				58,664				6,635				2,652				19,694
Amortization of intangible assets (net of tax)			1,117				278				278				280				281
Foreign currency loss (net of tax)			20,831				9,015				5,171				3,474				3,171
Income tax expense items, net			(49,527)				(5,023)				(27,199)				(17,007)				(298)
Adjusted net income			300,283				69,023				72,804				76,652				81,804
GAAP diluted earnings per share		$	2.75			$	0.07			$	1.01			$	0.99			$	0.66
Restructuring, integration, and other expenses (net of tax)			1.01				0.69				0.08				0.03				0.22
Amortization of intangible assets (net of tax)			0.01				0.00				0.00				0.00				0.00
Foreign currency loss (net of tax)			0.24				0.11				0.06				0.04				0.04
Income tax expense items, net			(0.57)				(0.06)				(0.31)				(0.19)				(0.00)
Adjusted diluted EPS			3.44				0.81				0.84				0.87				0.92
* May not foot/cross foot due to rounding.

Sales in Constant Currency

The following table presents the percentage change in sales and the percentage change in sales in constant currency for the fourth quarter and fiscal year 2026 compared to the fourth quarter and fiscal year 2025.

		Quarter Ended												Year Ended
		June 27, 2026												June 27, 2026
					Sales						Sales						Sales
					Year-Year %						Sequential %						Year-Year %
		Sales			Change in			Sales			Change in			Sales			Change in
		Year-Year			Constant			Sequential			Constant			Year-Year			Constant
		% Change			Currency			% Change			Currency			% Change			Currency
Avnet		47.7	%		47.1	%		16.5	%		16.8	%		24.5	%		22.4	%
Avnet by region
Americas		55.3	%		55.3	%		27.6	%		27.6	%		22.3	%		22.3	%
EMEA		43.7	%		40.3	%		12.4	%		13.1	%		20.5	%		13.1	%
Asia		46.3	%		47.1	%		13.8	%		13.9	%		28.0	%		28.2	%
Avnet by segment
Electronic Components		49.0	%		48.5	%		17.0	%		17.2	%		24.6	%		22.6	%
Farnell		29.4	%		27.9	%		10.0	%		10.4	%		23.2	%		19.8	%

Segment Financial Information*

		Quarters Ended								Years Ended
		June 27,				June 28,				June 27,				June 28,
		2026				2025				2026				2025
		($ in millions, except margins and sales mix)
Electronic Components
Sales		$	7,795.3			$	5,231.3			$	25,851.9			$	20,755.0
Cost of goods sold		$	7,078.2			$	4,737.1			$	23,463.8			$	18,746.7
Gross profit		$	717.1			$	494.2			$	2,388.2			$	2,008.3
Gross profit margin			9.2	%			9.5	%			9.2	%			9.7	%
Operating income		$	317.2			$	157.0			$	898.5			$	708.2
Operating income margin			4.1	%			3.0	%			3.5	%			3.4	%
Farnell
Sales		$	500.1			$	386.5			$	1,780.8			$	1,445.8
Cost of goods sold		$	352.2			$	287.0			$	1,287.0			$	1,069.1
Gross profit		$	147.9			$	99.5			$	493.7			$	376.7
Gross profit margin			29.6	%			25.7	%			27.7	%			26.1	%
Operating income		$	44.8			$	16.5			$	105.7			$	32.8
Operating income margin			9.0	%			4.3	%			5.9	%			2.3	%
Total reportable segment operating income		$	361.9			$	173.5			$	1,004.1			$	741.0
Corporate selling, general and administrative expenses			(44.1	)			(30.6	)			(143.2	)			(116.9	)
Restructuring, integration, and other expenses			(86.5	)			(69.1	)			(134.7	)			(108.3	)
Amortization of acquired intangible assets			(0.4	)			(0.3	)			(1.5	)			(1.5	)
Avnet operating income		$	231.0			$	73.5			$	724.8			$	514.3
Sales by geographic area:
Americas		$	2,060.7			$	1,327.0			$	6,480.8			$	5,300.0
EMEA			2,298.9				1,599.7				7,725.1				6,409.6
Asia			3,935.8				2,691.1				13,426.8				10,491.2
Avnet sales		$	8,295.4			$	5,617.8			$	27,632.7			$	22,200.8
Sales Mix by geographic area:
Americas			24.8	%			23.6	%			23.4	%			23.9	%
EMEA			27.7	%			28.5	%			28.0	%			28.9	%
Asia			47.5	%			47.9	%			48.6	%			47.2	%
* May not foot due to rounding.

Guidance Reconciliation

The following table presents the reconciliation of non-GAAP adjusted diluted earnings per share guidance to the expected GAAP diluted earnings per share guidance for the first quarter of fiscal 2027.

		Low End of				High End of
		Guidance Range				Guidance Range
Adjusted diluted earnings per share guidance		$	2.80			$	2.90
Restructuring, integration, and other expenses (net of tax)			(0.23	)			(0.13	)
GAAP diluted earnings per share guidance		$	2.57			$	2.77

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260805417920/en/

The Avnet Stock at the time of publication of the news with a raise of +3,87 % to 80,50USD on Tradegate stock exchange (04. August 2026, 22:25 Uhr).

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