Loading...
•
Sep 27
Avnet Q1 2026 Earnings Report
Avnet reported its first quarter 2026 financial results, exceeding sales and earnings expectations, driven by strong growth in Farnell and Asia.
Key Takeaways
Avnet delivered a strong first quarter for fiscal year 2026, with sales of $5.9 billion and adjusted diluted EPS of $0.84, both surpassing expectations. The company saw significant year-over-year sales growth in Farnell and Asia, and a return to growth in the Americas, indicating positive signs of market recovery despite ongoing uncertainty.
First quarter sales reached $5.9 billion, exceeding expectations.
Adjusted diluted EPS was $0.84, also above expectations.
Farnell and Asia segments demonstrated double-digit year-over-year sales growth.
The Americas region returned to year-over-year sales growth.
Avnet
Avnet
Avnet Revenue by Segment
Avnet Revenue by Geographic Location
Revenue by Segment
Electronic Components Revenue
CapyFin.comFarnell Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Revenue
CapyFin.com Forward Guidance
For the second quarter of fiscal 2026, Avnet expects sales to be between $5.85 billion and $6.15 billion, with an adjusted diluted EPS between $0.90 and $1.00. This guidance anticipates sequential sales growth in the Americas and Asia, and flat sales in Europe.
Positive Outlook
- Midpoint sales guidance implies approximately 2% sequential growth.
- Anticipated sequential sales growth in the Americas.
- Anticipated sequential sales growth in Asia.
- Expected adjusted diluted EPS range of $0.90 to $1.00.
- Assumes an adjusted effective tax rate between 21% and 25%.
Challenges Ahead
- Assumes flat sales in Europe.
- Guidance excludes restructuring, integration, and other expenses.
- Guidance excludes foreign currency gains and losses.
- Guidance excludes certain income tax adjustments.
- Assumes similar interest expense to the first quarter of fiscal 2026.
Revenue & Expenses
Visualization of income flow from segment revenue to net income