Avnet Q1 sales hit record $10.7 billion; EPS $3.28 vs $0.61 a year earlier
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.
Key points
- 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.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 7, 2026, 11:17 PM ET, from the text of the filing and its press-release exhibits only.
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