Avnet (AVT)

Nasdaq Information Technology Technology Distributors S&P MidCap 400

$79.28

+2.65 (+3.46%)

Close of Nov 06, 2026 · end-of-day data

Source: Avnet's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$17.44B	$19.04B	$19.52B	$17.63B	$19.53B	$24.31B	$26.54B	$23.76B	$22.20B	$27.63B
Cost of revenue	$15.07B	$16.51B	$17.03B	$15.57B	$17.29B	$21.35B	$23.35B	$20.99B	$19.82B	$24.75B
Gross profit	$2.37B	$2.53B	$2.49B	$2.06B	$2.24B	$2.97B	$3.18B	$2.77B	$2.38B	$2.88B
Selling, general & admin	$1.79B	$1.99B	$1.87B	$1.84B	$1.87B	$1.99B	$1.97B	$1.87B	$1.76B	$2.02B
Operating income	$443.70M	$209.22M	$365.91M	-$4.63M	$281.41M	$939.01M	$1.19B	$844.37M	$514.25M	$724.78M
Interest expense	$99.58M	$92.75M	$134.87M	$122.74M	$89.47M	$100.38M	$250.87M	$282.87M	$246.40M	$250.72M
Pre-tax income	$310.40M	$145.08M	$236.60M	-$129.59M	$172.93M	$833.33M	$982.88M	$632.26M	$250.57M	$467.44M
Income tax	$47.05M	$287.97M	$60.26M	-$98.50M	-$20.18M	$140.96M	$212.05M	$133.56M	$10.35M	$133.05M
Net income	$525.28M	-$156.42M	$176.34M	-$31.08M	$193.11M	$692.38M	$770.83M	$498.70M	$240.22M	$334.39M
EBITDA	$599.10M	$444.12M	$546.71M	$177.57M	$413.31M	$1.04B	$1.28B	$931.08M	$585.87M	$801.57M
EPS (basic)	$4.13	$-1.30	$1.61	$-0.31	$1.95	$7.02	$8.37	$5.51	$2.78	$4.07
EPS (diluted)	$4.08	$-1.30	$1.59	$-0.31	$1.93	$6.94	$8.26	$5.43	$2.75	$4.01
Diluted shares	128.65M	119.91M	110.80M	100.47M	100.17M	99.82M	93.37M	91.84M	87.41M	83.42M
Gross margin	13.6%	13.3%	12.7%	11.7%	11.5%	12.2%	12.0%	11.6%	10.7%	10.4%
Operating margin	2.5%	1.1%	1.9%	-0.0%	1.4%	3.9%	4.5%	3.6%	2.3%	2.6%
Net margin	3.0%	-0.8%	0.9%	-0.2%	1.0%	2.8%	2.9%	2.1%	1.1%	1.2%

Balance sheet

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Cash & equivalents	$836.38M	$621.12M	$546.11M	$477.04M	$199.69M	$153.69M	$288.23M	$310.94M	$192.43M	$155.40M
Receivables	$3.34B	$3.64B	$3.17B	$2.93B	$3.58B	$4.30B	$4.76B	$4.39B	$4.33B	$6.88B
Inventory	$2.82B	$3.14B	$3.01B	$2.73B	$3.24B	$4.24B	$5.47B	$5.47B	$5.24B	$6.07B
Total current assets	$7.53B	$7.61B	$6.88B	$6.33B	$7.16B	$8.88B	$10.75B	$10.37B	$10.02B	$13.33B
Goodwill	$1.15B	$980.87M	$876.73M	$773.73M	$838.11M	$758.83M	$780.63M	$780.98M	$837.03M	$810.16M
Total assets	$9.70B	$9.60B	$8.56B	$8.11B	$8.93B	$10.39B	$12.48B	$12.21B	$12.12B	$15.43B
Total current liabilities	$2.45B	$2.97B	$2.58B	$2.28B	$3.06B	$4.25B	$4.25B	$4.47B	$4.13B	$7.50B
Short-term debt	$50.11M	$165.38M	$300.54M	$51.00K	$23.08M	$174.42M	$70.64M	$492.71M	$87.28M	$733.95M
Long-term debt	$1.73B	$1.49B	$1.42B	$1.42B	$1.19B	$1.44B	$2.99B	$2.41B	$2.57B	$2.48B
Total debt	$1.78B	$1.65B	$1.72B	$1.42B	$1.21B	$1.61B	$3.06B	$2.90B	$2.66B	$3.21B
Total liabilities	$4.52B	$4.91B	$4.42B	$4.38B	$4.84B	$6.20B	$7.73B	$7.28B	$7.11B	$10.40B
Shareholders' equity	$5.18B	$4.69B	$4.14B	$3.73B	$4.08B	$4.19B	$4.75B	$4.93B	$5.01B	$5.02B

Cash flow

fiscal years · USD

Fiscal year	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026
Operating cash flow	-$368.69M	$253.49M	$534.77M	$730.18M	$90.95M	-$219.31M	-$713.70M	$689.98M	$724.50M	-$280.93M
Capital expenditures	$120.40M	$155.87M	$122.69M	$73.52M	$50.36M	$48.90M	$194.67M	$226.48M	$147.47M	$73.57M
Free cash flow	-$489.09M	$97.61M	$412.08M	$656.67M	$40.59M	-$268.21M	-$908.38M	$463.51M	$577.03M	-$354.50M
Investing cash flow	$1.34B	$71.73M	-$25.21M	-$135.02M	-$61.20M	$51.30M	-$211.55M	-$225.48M	-$137.13M	-$71.47M
Financing cash flow	-$1.19B	-$541.89M	-$582.68M	-$644.55M	-$314.01M	$156.06M	$1.05B	-$433.80M	-$693.53M	$315.89M
Dividends paid	$88.66M	$88.25M	$87.16M	$83.97M	$84.31M	$98.49M	$106.33M	$111.96M	$113.31M	$114.36M
Share buybacks	$275.88M	$323.52M	$568.71M	$237.84M	—	$184.38M	$221.73M	$162.72M	$303.49M	$138.31M
Stock-based compensation	$47.69M	$23.99M	$30.10M	$26.83M	$29.34M	$36.74M	$38.78M	$33.50M	$36.40M	$48.69M
Depreciation & amortization	$155.40M	$234.90M	$180.80M	$182.20M	$131.90M	$102.33M	$88.61M	$86.71M	$71.62M	$76.79M

Income statement

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Oct 2026
Revenue	$6.20B	$5.65B	$5.56B	$5.60B	$5.66B	$5.32B	$5.62B	$5.90B	$6.32B	$7.12B	$8.30B	$10.72B
Cost of revenue	$5.50B	$4.98B	$4.92B	$5.00B	$5.07B	$4.73B	$5.02B	$5.28B	$5.66B	$6.38B	$7.43B	$9.64B
Gross profit	$706.18M	$669.27M	$642.88M	$607.37M	$596.05M	$587.85M	$593.68M	$614.76M	$663.04M	$739.06M	$865.03M	$1.07B
Selling, general & admin	$464.69M	$467.27M	$450.27M	$438.79M	$436.93M	$435.49M	$451.17M	$464.44M	$491.67M	$518.79M	$547.51M	$576.30M
Operating income	$236.26M	$190.15M	$164.19M	$142.22M	$155.33M	$143.25M	$73.45M	$142.03M	$146.20M	$205.53M	$231.02M	$474.74M
Interest expense	$74.30M	$73.50M	$64.27M	$64.44M	$62.40M	$61.12M	$58.45M	$59.76M	$61.36M	$63.14M	$66.46M	$91.85M
Pre-tax income	$153.56M	$101.95M	$101.32M	$74.74M	$90.28M	$78.14M	$7.40M	$76.80M	$89.91M	$140.57M	$160.16M	$371.64M
Income tax	$35.63M	$13.11M	$18.66M	$15.78M	$3.03M	-$9.78M	$1.31M	$25.06M	$28.17M	$46.24M	$33.58M	$89.47M
Net income	$117.93M	$88.83M	$82.67M	$58.96M	$87.25M	$87.92M	$6.09M	$51.74M	$61.73M	$94.33M	$126.58M	$282.17M
EBITDA	$257.47M	$211.57M	$186.75M	$162.11M	$172.36M	$159.65M	$91.76M	$158.87M	$164.83M	$224.29M	$253.58M	$493.99M
EPS (basic)	$1.31	$0.98	$0.92	$0.67	$1.00	$1.02	$0.09	$0.62	$0.76	$1.15	$1.54	$3.43
EPS (diluted)	$1.28	$0.97	$0.91	$0.66	$0.99	$1.01	$0.10	$0.61	$0.75	$1.14	$1.52	$3.28
Diluted shares	91.79M	91.26M	-238.00K	89.39M	88.33M	86.88M	-785.00K	84.46M	82.79M	82.93M	22.00K	86.00M
Gross margin	11.4%	11.8%	11.6%	10.8%	10.5%	11.1%	10.6%	10.4%	10.5%	10.4%	10.4%	10.0%
Operating margin	3.8%	3.4%	3.0%	2.5%	2.7%	2.7%	1.3%	2.4%	2.3%	2.9%	2.8%	4.4%
Net margin	1.9%	1.6%	1.5%	1.1%	1.5%	1.7%	0.1%	0.9%	1.0%	1.3%	1.5%	2.6%

Balance sheet

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Oct 2026
Cash & equivalents	$272.85M	$218.47M	$310.94M	$267.52M	$172.14M	$188.91M	$192.43M	$175.47M	$286.55M	$202.44M	$155.40M	$236.78M
Receivables	$4.51B	$4.32B	$4.39B	$4.58B	$4.42B	$4.10B	$4.33B	$4.50B	$5.24B	$5.50B	$6.88B	$7.76B
Inventory	$6.12B	$5.75B	$5.47B	$5.61B	$5.25B	$5.27B	$5.24B	$5.42B	$5.29B	$5.46B	$6.07B	$8.18B
Total current assets	$11.14B	$10.49B	$10.37B	$10.68B	$10.07B	$9.80B	$10.02B	$10.33B	$11.02B	$11.38B	$13.33B	$16.40B
Goodwill	$787.01M	$780.51M	$780.98M	$818.86M	$773.66M	$795.07M	$837.03M	$818.11M	$826.48M	$817.04M	$810.16M	$808.80M
Total assets	$13.00B	$12.33B	$12.21B	$12.60B	$11.94B	$11.71B	$12.12B	$12.41B	$13.15B	$13.49B	$15.43B	$18.47B
Total current liabilities	$4.77B	$4.49B	$4.47B	$4.75B	$4.21B	$4.01B	$4.13B	$4.37B	$5.33B	$5.66B	$7.50B	$9.47B
Short-term debt	$696.33M	$548.52M	$492.71M	$524.05M	$2.60M	$144.54M	$87.28M	$189.31M	$463.60M	$470.09M	$733.95M	$861.45M
Long-term debt	$2.75B	$2.41B	$2.41B	$2.43B	$2.57B	$2.49B	$2.57B	$2.80B	$2.47B	$2.47B	$2.48B	$3.31B
Total debt	$3.45B	$2.95B	$2.90B	$2.95B	$2.57B	$2.64B	$2.66B	$2.99B	$2.94B	$2.94B	$3.21B	$4.17B
Total liabilities	$7.99B	$7.34B	$7.28B	$7.56B	$7.10B	$6.83B	$7.11B	$7.57B	$8.22B	$8.54B	$10.40B	$13.18B
Shareholders' equity	$5.01B	$4.99B	$4.93B	$5.04B	$4.84B	$4.88B	$5.01B	$4.85B	$4.94B	$4.95B	$5.02B	$5.28B

Cash flow

quarters · USD

Quarter ended	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Oct 2026
Operating cash flow	-$42.28M	$499.31M	$274.25M	$106.33M	$337.83M	$140.88M	$139.48M	-$144.58M	$208.24M	-$53.84M	-$290.74M	-$842.41M
Capital expenditures	$82.00M	$42.12M	$26.27M	$31.78M	$29.36M	$26.74M	$59.60M	$24.59M	$15.35M	$16.87M	$16.76M	$24.26M
Free cash flow	-$124.28M	$457.18M	$247.99M	$74.55M	$308.47M	$114.14M	$79.88M	-$169.17M	$192.89M	-$70.71M	-$307.50M	-$866.67M
Investing cash flow	-$81.93M	-$41.87M	-$25.90M	-$31.45M	-$29.34M	-$16.73M	-$59.61M	-$24.51M	-$15.02M	-$16.29M	-$15.66M	-$23.44M
Financing cash flow	$122.45M	-$507.09M	-$149.31M	-$109.37M	-$403.38M	-$100.94M	-$79.83M	$155.14M	-$84.02M	-$12.89M	$257.67M	$950.77M
Dividends paid	$27.80M	$28.00M	$27.81M	$28.86M	$28.56M	$28.23M	$27.66M	$28.46M	$28.47M	$28.71M	$28.72M	$30.42M
Share buybacks	$61.70M	$0	$76.70M	$100.00M	$52.20M	$101.29M	$50.00M	$138.31M	$0	$0	$0	—
Stock-based compensation	$10.60M	$7.20M	$6.35M	$10.99M	$10.00M	$9.46M	$5.95M	$9.72M	$16.06M	$9.94M	$12.97M	$18.89M
Depreciation & amortization	$21.21M	$21.42M	$22.56M	$19.88M	$17.03M	$16.39M	$18.31M	$16.84M	$18.64M	$18.75M	$22.56M	$19.25M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.