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Dec 27, 2025
Avnet Q2 2026 Earnings Report
Avnet reported strong second quarter 2026 financial results, exceeding sales and adjusted EPS guidance, driven by year-over-year and quarter-over-quarter sales growth across all regions, particularly Asia.
Key Takeaways
Avnet, Inc. announced robust financial results for its second quarter ended December 27, 2025, with sales reaching $6.3 billion and diluted EPS of $0.75. The company surpassed its sales and adjusted EPS guidance ranges, demonstrating significant growth across all Electronic Components regions and Farnell, with Asia leading the regional growth. Operating income margin improved sequentially, and the company generated $208 million in cash flow from operations.
Achieved year-over-year and quarter-over-quarter sales growth across all regions, led by Asia.
Exceeded high end of sales and adjusted EPS guidance ranges.
Diluted EPS of $0.75 and Adjusted diluted EPS of $1.05.
Generated $208 million of cash flow from operations.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of fiscal 2026, Avnet expects sales between $6.20 billion and $6.50 billion, with adjusted diluted EPS ranging from $1.20 to $1.30. This outlook implies better-than-typical sequential sales growth.
Positive Outlook
- Implies better-than-typical sequential sales growth of approximately 1% at the midpoint.
- Assumes sales growth in the Americas.
- Assumes sales growth in EMEA.
- Adjusted diluted EPS guidance of $1.20 - $1.30.
- Adjusted effective tax rate between 21% and 25%.
Challenges Ahead
- Assumes a less-than-typical sales decline in Asia driven by the Lunar New Year.
- Excludes restructuring, integration and other expenses.
- Excludes foreign currency gains and losses.
- Excludes certain income tax adjustments.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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