Avnet Q3 sales rise 34% to $7.1 billion; adjusted EPS up 76% to $1.48
Avnet reported fiscal third-quarter 2026 results for the quarter ended March 28, 2026, with sales of $7.1 billion, up 34% from a year earlier, and GAAP diluted EPS of $1.14, up 13%. The company also guided fourth-quarter fiscal 2026 sales to $7.30 billion to $7.60 billion and adjusted diluted EPS to $1.70 to $1.80, both above third-quarter levels, which points to continued growth for shareholders if the outlook holds.
Key points
- Q3 sales of $7.1 billion, up 34% year over year and 12.7% from $6.3 billion in the prior quarter
- GAAP diluted EPS of $1.14 vs. $1.01 a year earlier; adjusted diluted EPS of $1.48 vs. $0.84
- Q4 fiscal 2026 guidance (quarter ending June 27, 2026): sales of $7.30 billion to $7.60 billion and adjusted diluted EPS of $1.70 to $1.80
- Operating cash flow used $54 million in the quarter, while GAAP operating margin rose to 2.9% from 2.7%
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:58 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 April 29, 2026.
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.