AVNET INC — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
Avnet delivered record quarterly sales of $8.3 billion (up 47.7% year-over-year, 16.5% sequential) with diluted EPS of $1.49 GAAP and $2.28 adjusted. Operating margins expanded 147 basis points to 2.8% GAAP and 129 bps to 3.8% adjusted. For full fiscal 2026 ended June 27, sales reached $27.6 billion (+25% YoY); adjusted diluted EPS of $5.67 (+65% YoY). The company returned $252 million to shareholders ($138M repurchases at 3.2% of shares, $114M dividends). For Q1 FY2027, guidance: sales $9.0B–$9.3B (midpoint $9.15B, ~10% sequential growth); adjusted diluted EPS $2.80–$2.90 (midpoint $2.85).
Why this rating
Strong absolute results (sales +48% YoY, EPS +182% adjusted YoY) with margin expansion and shareholder returns. Relative to $4.5B market cap, Q4 sales ~185% of annual market value suggest high leverage. However, one exceptional quarter does not materially alter long-term trajectory; forward guidance modest (+10% sequential).
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