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AI brief of an SEC Form 8-K · Avnet (AVT)

Avnet Q1 Sales Rise 5.3% to $5.9 Billion; GAAP EPS Falls to $0.61

Mixed Impact 3 of 5 earnings Written later

Avnet reported first-quarter fiscal 2026 sales of $5.9 billion, up 5.3% from a year earlier, with growth in Asia and Farnell. Diluted EPS fell to $0.61 from $0.66, and adjusted diluted EPS fell to $0.84 from $0.92, so profit declined even as sales grew. The company guided second-quarter adjusted diluted EPS to $0.90 to $1.00.

Key points

  • Sales of $5.9 billion, up 5.3% year over year; Asia sales rose 9.9% and Farnell sales rose 14.9%.
  • Diluted EPS of $0.61 versus $0.66 a year earlier; adjusted diluted EPS of $0.84 versus $0.92.
  • Second-quarter fiscal 2026 guidance: sales of $5.85 billion to $6.15 billion and adjusted diluted EPS of $0.90 to $1.00.
  • Returned $138 million to shareholders through share repurchases and $28 million through dividends.

The filing

CompanyAvnet (AVT)
Form8-K, current report
Filed with the SECOct 29, 2025, 8:02 AM ET
Accession number0000008858-25-000062

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2025.

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.