Ruplu Bhattacharya

William Stein

Joseph Quatrochi

Jody Burke

Joe Quatrochi

Matthew Sheerin

Melissa Ann Dailey Fairbanks

Melissa Dailey Fairbanks

Toshiya Hari

Wamsi Mohan

- Avnet reported **Q1 Fiscal Year 2026 sales of $5.9 billion** and **adjusted diluted EPS of $0.84**, exceeding or meeting the high end of guidance.  **[0000008858_2211917_1]** **[0000008858_2211917_3]** 
- Sales growth was driven by **Asia, up 10% year-over-year**, and the **Americas, up 3% year-over-year**, with EMEA sales remaining flat.  **[0000008858_2211917_3]** 
- The company announced a **6% increase in its quarterly dividend to $0.35 per share** and repurchased approximately **2.6 million shares** totaling **$138 million** during the quarter.  **[0000008858_2211917_4]** 
- For **Q2 Fiscal Year 2026**, Avnet provided guidance for sales between **$5.85 billion and $6.15 billion** and diluted EPS in the range of **$0.90 to $1.00**.  **[0000008858_2211917_4]** 
- Inventory days decreased by **three days sequentially to 92 days**, with management targeting a reduction to the 80s in the near future.  **[0000008858_2211917_4]** **[0000008858_2211917_6]**

Avnet Reports Q1 Fiscal Year 2026 Results and Issues Q2 Guidance

- AVT reported **$5.9 billion** in revenue for Q1 FY26, representing a **5%** increase year-over-year.  **[0000008858_2210919:4]** 
- The company's Adjusted Diluted EPS for Q1 FY26 was **$0.84**, which is a **9%** decrease year-over-year but a **4%** increase quarter-over-quarter.  **[0000008858_2210919:4]** 
- The Adjusted Operating Margin for Q1 FY26 stood at **2.6%**.  **[0000008858_2210919:4]** 
- For Q2 FY26, AVT anticipates sales to range between **$5.85 billion** and **$6.15 billion**, with an Adjusted Diluted EPS guidance of **$0.90** to **$1.00**.  **[0000008858_2210919:5]** 
- During Q1 FY26, the company repurchased **$138 million** in shares and returned **$28 million** to shareholders through a **$0.35** dividend.  **[0000008858_2210919:4]**

AVT Announces Q1 FY26 Results and Q2 FY26 Outlook

- Avnet reported **Q1 Fiscal Year 2026 sales of $5.9 billion**, exceeding guidance, and an adjusted EPS of **$0.84**, near the high end of guidance.  **[0000008858_2214606_1]** **[0000008858_2214606_3]** 
- Performance was driven by **double-digit year-on-year growth in Asia (10%) and Farnell (50%)**, with the Americas region achieving year-on-year growth for the first time since fiscal 2023.  **[0000008858_2214606_1]** **[0000008858_2214606_3]**  The global book-to-bill ratio improved, with all regions above parity.  **[0000008858_2214606_1]** 
- For **Q2 Fiscal Year 2026**, Avnet provided sales guidance in the range of **$5.85 billion to $6.15 billion** and diluted EPS guidance of **$0.90 to $1.00**.  **[0000008858_2214606_4]** 
- The company increased its quarterly dividend by approximately **6% to $0.35 per share** and repurchased approximately **2.6 million shares totaling $138 million** during the quarter.  **[0000008858_2214606_4]** 
- Inventory days decreased by **three days sequentially to 92 days**, and Avnet aims to reduce its gross leverage to approximately **3.0 times over the next year**.  **[0000008858_2214606_4]**

Avnet Reports Strong Q1 Fiscal Year 2026 Results and Provides Q2 Guidance

- Avnet reported **first quarter 2026 sales of $5.9 billion**, marking a **5.3% year-over-year increase**.  **[8858_0000008858-25-000062_avt-20251029xex99d1.htm:1]** 
- For Q1 2026, diluted earnings per share (EPS) were **$0.61**, with **adjusted diluted EPS at $0.84**.  **[8858_0000008858-25-000062_avt-20251029xex99d1.htm:1]** 
- The company provided guidance for the **second quarter of fiscal 2026**, forecasting sales between **$5.85 billion and $6.15 billion** and adjusted diluted EPS between **$0.90 and $1.00**.  **[8858_0000008858-25-000062_avt-20251029xex99d1.htm:2]** 
- During the quarter, Avnet returned **$138 million to shareholders through share repurchases** and **$28 million in dividends**.  **[8858_0000008858-25-000062_avt-20251029xex99d1.htm:1]** 
- Avnet achieved **double-digit year-over-year sales growth in Farnell and Asia** in the first quarter.  **[8858_0000008858-25-000062_avt-20251029xex99d1.htm:1]**

Avnet Reports First Quarter 2026 Financial Results

- Avnet reported **first quarter 2026 sales of $5.9 billion**, a **5.3%** year-over-year increase, with diluted earnings per share (EPS) of **$0.61** and adjusted diluted EPS of **$0.84** for the quarter ended September 27, 2025.  **[8858_589bad148220423cb618c236882c1c30_0]** **[8858_589bad148220423cb618c236882c1c30_1]** 
- The company returned **$138 million** to shareholders through share repurchases and **$28 million** in dividends, increasing its quarterly dividend by **6%** compared to fiscal 2025.  **[8858_589bad148220423cb618c236882c1c30_0]** 
- For the second quarter of fiscal 2026, Avnet provided guidance for sales between **$5.85 billion and $6.15 billion** and adjusted diluted EPS between **$0.90 and $1.00**.  **[8858_589bad148220423cb618c236882c1c30_1]**

AVNET (AVT)