AVNET INC (AVT) Form 10-K — Aug 14, 2026

$AVTForm 10-KFiled Aug 14, 2026, 6:31 AM ET0001104659-26-096346Original filing

Avnet filed its fiscal 2026 annual report showing sales of $27.63 billion, up 24.5% from $22.20 billion, with growth across all Electronic Components regions and Farnell. Net income rose 39.2% to $334.4 million, or $4.01 per diluted share, up 45.8% from $2.75, while adjusted operating income grew 38.0% to $860.9 million. Management guided first-quarter fiscal 2027 sales approximately 10% above the fiscal 2026 fourth quarter, with growth expected across all EC regions and Farnell. Asia led regional growth at 28.0%, and Farnell operating income surged 221.7% to $105.7 million, though gross margin slipped 31 bps to 10.4% on a higher mix of lower-margin Asia sales.

Key figures

Eps: 4.01
Revenue: $27.63 billion (fiscal 2026)
Guidance: Q1 fiscal 2027 sales expected to grow approximately 10% compared to Q4 fiscal 2026, with growth across all EC regions and Farnell
Net Income: $334.4 million (+39.2% YoY)
Revenue Yoy: +24.5%
Total Assets: $15.43 billion
Cash Position: $155.4 million
Ec sales: $25.85 billion (+24.6%)
Employees: ~15,040 across 48 countries
Asia sales: $13.43 billion (+28.0%), ~48.5% of total
Inventories: $6.07 billion
Receivables: $6.88 billion
Gross profit: $2.88 billion, 10.4% margin (down 31 bps YoY)
Farnell sales: $1.78 billion (+23.2%)
Dividends paid: $114.4 million
Term loan 2026: $375 million (August 2026, variable rate, matures July 2028)
Operating income: $724.8 million (+40.9%)
Convertible notes: $650 million aggregate principal convertible senior notes due 2030 (issued September 2025)
Effective tax rate: 28.5% vs 4.1% in FY2025
Shares outstanding: 82072979
Dividends per share: 1.4
Operating cash flow: -$280.9 million vs +$724.5 million in FY2025
Combined availability: $1.19 billion under Credit Facility and Securitization Program
Restructuring expenses: $134.7 million ($87.7M severance, $47.0M integration/other)
Farnell operating income: $105.7 million (+221.7%)
Share repurchases fy2026: $138.3 million under $600 million authorization
Adjusted operating income: $860.9 million (+38.0%), 3.1% margin
Credit facility borrowings: $557.0 million outstanding at fiscal year end
Market value non affiliates: $3,961,019,216 (December 26, 2025)
Securitization program limit: increased to $700.0 million from $500.0 million (July 2026)
Semiconductor share of sales: ~79%
Interest and financing expense: $250.7 million

Price after filing

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Close on the filing date to close N calendar days later (from $95.71). Historical, not a forecast.

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