Quarterly ResultApr 29, 2026, 08:08 AM
AVT Q3 Sales $7.1B, +34% YoY; Adj. EPS $1.48, +76% YoY
AI Summary
Avnet, Inc. reported strong third-quarter fiscal 2026 results, with sales reaching $7.1 billion, a 34% increase year-over-year, and adjusted diluted EPS of $1.48, up 76% year-over-year. The company achieved record sales in Electronic Components and saw double-digit sales growth across all regions and Farnell. Operating income margins expanded sequentially in both segments, and the company provided a positive outlook for Q4 FY26, projecting sales of $7.30B-$7.60B and adjusted diluted EPS of $1.70-$1.80.
Key Highlights
- Sales increased 34% YoY to $7.1 billion.
- Adjusted diluted EPS grew 76% YoY to $1.48.
- GAAP diluted EPS rose 13% YoY to $1.14.
- Operating income margin expanded 58 bps sequentially to 2.9%.
- Electronic Components sales grew 34.7% YoY to $6.67 billion.
- Farnell sales increased 24.0% YoY to $454.7 million.
- Returned $29 million to shareholders in dividends.
- Q4 FY26 sales guidance $7.30B-$7.60B; Adj. EPS $1.70-$1.80.