Nov 4, 8:03 AM ET
Avnet reported record first-quarter fiscal 2027 sales of $10.7 billion, up 82% from a year earlier, and diluted earnings per share of $3.28 versus $0.61. The quarter had 14 weeks instead of 13, and excluding the extra week, sales growth was 71%. The company guided second-quarter sales of $11.1 billion to $11.4 billion and adjusted diluted EPS of $3.90 to $4.10.
- Sales of $10.7 billion, up 82% year over year and 29% sequentially; excluding the extra week, growth was 71% year over year.
- Diluted EPS of $3.28 versus $0.61 a year earlier; adjusted diluted EPS of $3.63 versus $0.84.
- Second-quarter guidance (quarter ending January 2, 2027): sales of $11.1 billion to $11.4 billion and adjusted diluted EPS of $3.90 to $4.10.
- Net cash used for operating activities was $842 million in the quarter, compared with $145 million a year earlier, as inventories and receivables rose.
Read the filing on SEC.gov ↗
Oct 15, 4:23 PM ET
Avnet and Avnet Holding Europe BV signed Amendment No. 3 to the company's credit agreement on October 13, 2026, with Bank of America, N.A. as administrative agent. The amendment increases total commitments by $1.0 billion to $2.75 billion and raises the maximum additional commitments the company can request to $1.0 billion. For shareholders, it expands the company's available borrowing capacity under the facility, and the filing states that other terms remain substantially the same.
- Total commitments under the credit agreement increase by $1.0 billion to $2.75 billion.
- Maximum additional commitments the company can request rise to $1.0 billion.
- The SOFR credit spread adjustment to the interest rate is eliminated.
- The amendment is dated October 13, 2026 and is filed as Exhibit 10.1; the original agreement is dated January 17, 2025.
Read the filing on SEC.gov ↗
Aug 5, 8:03 AM ET
Avnet reported record fourth-quarter fiscal 2026 sales of $8.3 billion, up 48% year over year, with GAAP diluted EPS of $1.49 compared with $0.07 a year earlier. The company also guided first-quarter fiscal 2027 sales to $9.00 billion to $9.30 billion and adjusted diluted EPS to $2.80 to $2.90, which shareholders can compare with these results.
- Q4 fiscal 2026 sales of $8.3 billion, up 48% year over year and 17% sequentially; GAAP operating margin 2.8%, up 147 basis points year over year
- Q4 adjusted diluted EPS of $2.28, up 182% year over year; fiscal 2026 GAAP diluted EPS of $4.01 versus $2.75
- Q1 fiscal 2027 guidance: sales $9.00 billion to $9.30 billion; adjusted diluted EPS $2.80 to $2.90
- Returned $29 million to shareholders in dividends in Q4 and $138 million through share repurchases for fiscal 2026
Read the filing on SEC.gov ↗
Jul 2, 9:07 PM ET
Avnet and its subsidiary Avnet Receivables Corporation amended their receivables purchase agreement with Wells Fargo Bank, N.A., as agent, on July 1, 2026. The amendment raises the maximum purchase limit from $500 million to $700 million and extends the facility's termination date to July 1, 2028. The filing says other terms remain substantially the same, and it also excludes certain receivables from the agreement.
- Maximum purchase limit increased from $500 million to $700 million
- Facility termination date extended to July 1, 2028
- Certain receivables excluded from the Receivables Purchase Agreement; other terms substantially unchanged
- Amendment No. 9 filed as Exhibit 10.1
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.