AVT - Earnings announcements

Achieved record sales in Electronic Components Sales growth of 34% year over year driven by strength in served markets across all regions Sequential operating income grew more than two times sales Sequential diluted EPS grew more than three times sales Avnet, Inc. (Nasdaq: AVT) today announced results for its third quarter ended March 28, 2026. "Sales and earnings exceeded our expectations, with double-digit sales growth both sequentially and year over year. Our team is executing well, driving improved operating margins and leverage, supported by continued disciplined cost management and inventory optimization. The investments we have made in our capabilities and digital infrastru

Conference call and webcast to follow at 9:00 a.m. PT / Noon ET Avnet, Inc. (Nasdaq: AVT), a leading global technology distributor and solutions provider, today announced it will report financial results for the third quarter fiscal year 2026 on April 29, 2026 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed v

Achieved year-over-year and quarter-over-quarter sales growth across all regions, led by Asia Exceeded high end of sales and adjusted EPS guidance ranges Diluted EPS of $0.75 and Adjusted diluted EPS of $1.05 Generated $208 million of cash flow from operations Avnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended December 27, 2025. "We delivered year-over-year sales growth across all of our Electronic Components regions and Farnell, and both total Company revenue and earnings per share were above our expectations. Sequentially, our adjusted operating income grew two times faster than sales, demonstrating the expected leverage in our business model. Our tea

Conference call and webcast to follow at 8:00 a.m. PT / 11:00 am ET Avnet, Inc. (Nasdaq: AVT), a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2026 on January 28, 2026 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 8:00 a.m. PT / 11:00 a.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's I

First quarter sales of $5.9 billion and diluted EPS of $0.61 Adjusted diluted EPS of $0.84 Return to year-over-year sales growth in the Americas Avnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended September 27, 2025. "In the first quarter, our sales and earnings exceeded our expectations, led by double-digit year-over-year sales growth in Farnell and Asia," said Avnet Chief Executive Officer Phil Gallagher. "While uncertainty continues to impact the market, we remain optimistic about the increasingly positive signs of recovery. Our durable business model, coupled with our strong, diverse supplier line card and customer base, position Avnet to create long-te

Conference call and webcast to follow at 9:00 a.m. PT / Noon ET Avnet, Inc. (Nasdaq: AVT), a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2026 on October 29, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor Rel

Fourth quarter sales of $5.6 billion and diluted EPS of $0.07 Adjusted diluted EPS of $0.81 for the fourth quarter Farnell returns to year-over-year sales and operating income margin growth Avnet, Inc. (Nasdaq: AVT) today announced results for its fourth quarter and fiscal year 2025 ended June 28, 2025. "In fiscal year 2025, we executed well given the overall market environment, and I want to express my gratitude to our team for their dedication in supporting our supplier and customer partners. Thanks to their efforts, we managed costs effectively and made progress on working capital optimization to enhance operating cash flow," said Avnet Chief Executive Officer Phil Gallagher. "We

Earnings conference call and webcast to follow at 9:00 am PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the fourth quarter and fiscal year 2025 on August 6, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Avnet's Board has also scheduled the Annual Meeting of Shareholders for Friday, November 21, 2025 at 8:00 a.m. Phoenix, Arizona time. The meeting will be held at Avnet's Corporat

Third quarter sales of $5.3 billion and diluted EPS of $1.01 Adjusted diluted EPS of $0.84 Cash flow from operations of $859 million over the past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its third quarter ended March 29, 2025. "We are pleased with our third quarter results, with revenue and earnings exceeding our expectations," said Avnet Chief Executive Officer Phil Gallagher. "Our team continues to execute well in a highly dynamic geopolitical and market environment, and I want to thank them for their persistence during this prolonged and challenging cycle. Avnet's proven history of helping our customers and suppliers adapt to market changes will serve us w

Conference call and webcast to follow at 9:00 a.m. PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the third quarter fiscal year 2025 on April 30, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor Relations web p

Second quarter sales of $5.7 billion and diluted EPS of $0.99 Adjusted diluted EPS of $0.87 Cash flow from operations of $1.2 billion over the past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended December 28, 2024. "In the second quarter, we delivered sales and earnings within expectations, while continuing to make good progress managing the factors within our control," said Avnet Chief Executive Officer Phil Gallagher. "Our team's focus on optimizing inventory and effective operations allowed us to deliver another strong quarter of operating cash flow. Although market conditions are challenging, the value we add at the center of the tech

Conference call and webcast to follow at 8:00 a.m. PT / 11:00 am ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2025 on January 29, 2025 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 8:00 a.m. PT / 11:00 a.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor

First quarter sales of $5.6 billion and diluted EPS of $0.66 Adjusted diluted EPS of $0.92 Cash flow from operations of $838 million over past four quarters Avnet, Inc. (Nasdaq: AVT) today announced results for its first quarter ended September 28, 2024. "In the first quarter, our sales and earnings exceeded the upper end of our guidance range led by a return to growth in our Asia region. We continue to focus on improving the performance of our Farnell business and remain committed to improving its operating model and profitability," said Avnet Chief Executive Officer Phil Gallagher. "Despite uneven market conditions, our team continues to operate effectively, and I want to thank them f

Conference call and webcast to follow at 9:00 a.m. PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2025 on October 30, 2024 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live webcast along with slides can be accessed via Avnet's Investor Relations web

Fourth quarter sales of $5.6 billion and diluted EPS of $0.91 Adjusted diluted EPS of $1.22 Electronic Components operating margin of 4.1% Avnet, Inc. (NASDAQ:AVT) today announced results for its fourth quarter and fiscal year 2024 ended June 29, 2024. "We are pleased with our fiscal 2024 performance as we executed well, despite some challenging market conditions," said Avnet Chief Executive Officer Phil Gallagher. "I want to thank our team for their focus on supporting our supplier and customer partners, growing market share, controlling costs, and managing working capital to drive operating cash flow. Their efforts enabled us to exceed the upper end of our fourth quarter sales and

Earnings conference call and webcast to follow at 9:00 am PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the fourth quarter and fiscal year 2024 on August 8, 2024 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Avnet's Board has also scheduled the Annual Meeting of Shareholders for Friday, November 22, 2024 at 8:00 a.m. Phoenix, Arizona time. The meeting will be held at Avnet's Corporat

Third quarter sales of $5.7 billion and diluted EPS of $0.97 Adjusted diluted EPS of $1.10 Electronic Components operating margin of 4.1% Avnet, Inc. (NASDAQ:AVT) today announced results for its third quarter ended March 30, 2024. "In the third quarter, we delivered results that were in line with our expectations, amidst economic softness and lower demand in the markets we serve. I am proud of our team's effort to deliver robust cash flow from operations as the benefits from our countercyclical balance sheet started to take effect this quarter," said Avnet Chief Executive Officer Phil Gallagher. "Our fourth quarter outlook reflects a continuation of these market conditions. Looking

Conference call and webcast to follow at 9:00 a.m. PT / Noon ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the third quarter fiscal year 2024 on May 1, 2024 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 9:00 a.m. PT / Noon ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live and archived webcast along with slides can be accessed via Avnet's Investor Re

Second quarter sales of $6.2 billion and diluted EPS of $1.28 Adjusted diluted EPS of $1.40 Electronic Components operating margin of 4.3% Avnet, Inc. (NASDAQ:AVT) today announced results for its second quarter ended December 30, 2023. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "We are pleased with the second quarter results, which were in line with our expectations. Our team continues to execute well despite the current economic environment and related challenges. We are confident that our strong competitive position and experience managing through many industry cycles will serve us well as we navigate through the next few qu

Conference call and webcast to follow at 8:00 a.m. PT / 11:00 a.m. ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2024 on January 31, 2024 before the market opens. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 8:00 a.m. PT / 11:00 a.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live and archived webcast along with slides can be accessed via A

First quarter sales of $6.3 billion and diluted EPS of $2.25 Adjusted diluted EPS of $1.61 exceeded guidance Electronic Components operating margin of 4.6% increased 38 basis points year over year Avnet, Inc. (NASDAQ:AVT) today announced results for its first quarter ended September 30, 2023. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "We delivered better-than-expected results in the first quarter thanks to the strong performance of our Electronic Components business. Our team's continued execution and flexibility are resonating with both our customer and supplier partners, especially in today's market conditions. We remain fo

Conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2024 on November 1, 2023 after market close. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live and archived webcast along with slides can be accessed via Avnet's I

Fiscal year 2023 sales of $26.5 billion and record diluted EPS of $8.26 Fourth quarter sales of $6.6 billion exceeded guidance Electronic components fourth quarter operating income margin of 5.1% Avnet, Inc. (NASDAQ:AVT) today announced results for its fourth quarter and fiscal year ended July 1, 2023. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "Our strong financial results in fiscal 2023 demonstrate the dedication and commitment of our employees in driving profitable growth. With the breadth of our supplier line card, our diversified customer base and the strength of the end markets they serve, we are well-positioned to capit

Earnings conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the fourth quarter and fiscal year 2023 on August 16 after market close. Following the earnings release, Avnet's Chief Executive Officer Phil Gallagher and Chief Financial Officer Ken Jacobson will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. Avnet's Board has also scheduled the Annual Meeting of Shareholders for Thursday, November 16, 2023, at 8:00 a.m. Arizona time. The meeting will be held at Avnet's Corporate He

Third quarter sales of $6.5 billion and diluted EPS of $2.03 exceeded guidance Electronic Components achieved operating margin of 5.0% Avnet, Inc. (NASDAQ:AVT) today announced results for its third quarter ended April 1, 2023. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "I am pleased with our results this quarter as our team delivered another quarter of year-over-year sales and operating margin growth. We delivered record quarterly operating income in our Electronic Components business to help us achieve our stated goal of 5% operating margin. I am proud of our team's dedication and commitment to continuously execute and deliver

Conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (NASDAQ:AVT), a global technology solutions company, today announced it will report financial results for the third quarter fiscal year 2023 on May 3 after market close. Following the earnings release, Avnet Chief Executive Officer Phil Gallagher and Avnet Chief Financial Officer Ken Jacobson will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The live and archived webcast along with slides can be accessed via Avnet's Investor

Second quarter sales of $6.7 billion up 14.5% year over year Operating income of $299 million grew nearly three times faster than sales Avnet, Inc. (NASDAQ:AVT) today announced results for its second quarter ended December 31, 2022. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "We delivered another strong quarter of sales and earnings to close out 2022. This past year we were able to accelerate our sales growth, expand operating margins and gain market share thanks in large part to our customers' partnership and our employees' dedication and commitment. As we head into 2023, we are closely monitoring near-term market dynamics and rem

Conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (Nasdaq: AVT) a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2023 on February 1 after market close. Following the earnings release, Avnet Chief Executive Officer Phil Gallagher and Avnet Chief Financial Officer Ken Jacobson will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The slides can be accessed via Avnet's Investor Relations web page at www.ir.avne

First quarter sales of $6.8 billion up 21% year over year Operating income of $291 million grew three times faster than sales Avnet, Inc. (NASDAQ:AVT) today announced results for its first quarter ended October 1, 2022. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "Our first quarter saw meaningful sales growth across all regions as demand in most of our end markets continued to be strong. By delivering another quarter of solid sales and improved profitability, our team has once again demonstrated their ability to consistently execute given challenging business conditions. Although we can't control the overall market, we are confident

Conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (NASDAQ:AVT) a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2023 on October 26 after market close. Following the earnings release, Avnet Chief Executive Officer Phil Gallagher and Avnet Chief Financial Officer Ken Jacobson will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. Conference Call and Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The slides can be accessed via Avnet's Investor Relations web page at www.ir.avnet.

Fourth quarter sales of $6.4 billion and operating income margin of 4.5% Fiscal 2022 sales of $24.3 billion and record diluted EPS of $6.94 Farnell achieves record revenues of $1.8 billion with operating margin over 13% Avnet, Inc. (NASDAQ:AVT) today announced results for its fourth quarter and fiscal year ended July 2, 2022. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "We are pleased to end the fiscal year on a high note, delivering another strong quarter of year-over-year sales growth and operating margin expansion. Supported by solid execution across our businesses, Avnet continues to gain share and secure new opportunities in t

Earnings conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (NASDAQ:AVT) a global technology solutions company, today announced it will report financial results for the fourth quarter and fiscal year 2022 on August 10 after market close. Following the earnings release, Avnet Chief Executive Officer Phil Gallagher, Avnet Chief Financial Officer Tom Liguori and Avnet Corporate Controller Ken Jacobson will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. The Board has also scheduled Avnet's Annual Shareholder Meeting for Thursday, November 17, 2022, at 8:00 a.m. PT. The meeting will be h

Third quarter sales of $6.5 billion, up 32% year over year and 11% sequentially Diluted EPS of $1.84 and adjusted diluted EPS of $2.15 Electronic Components and Farnell operating margins increased to 4.4% and 14.9%, respectively Avnet, Inc. (NASDAQ:AVT) today announced results for its third quarter ended April 2, 2022. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "We are pleased to report another strong quarter of sales and operating margin growth. Farnell achieved record operating margin as our continued investments in inventory breadth and e-commerce capabilities continue to pay off. Supported by increased sales, the Americas expa

Conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (NASDAQ:AVT) a global technology solutions company, today announced it will report financial results for the third quarter fiscal year 2022 on April 27 after market close. Following the earnings release, Avnet Chief Executive Officer Phil Gallagher and Avnet Chief Financial Officer Tom Liguori will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. Conference Call & Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The slides can be accessed via Avnet's Investor Relations web page at www.ir.avnet.com.

Second quarter sales of $5.9 billion, up 25.6% year over year with diluted EPS of $1.50 Second quarter adjusted diluted EPS of $1.51 Electronic Components and Farnell operating margins increased to 3.5% and 13.7%, respectively Avnet, Inc. (NASDAQ:AVT) today announced results for its second quarter ended January 1, 2022. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "We're pleased to have delivered another quarter of strong sales and margin expansion in both our Electronic Components and Farnell businesses, contributing to a solid first half to our fiscal year 2022. Our results reflect our team's continued ability to execute, driving

Conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (NASDAQ:AVT) a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2022 on January 26 after market close. Following the earnings release, Avnet Chief Executive Officer Phil Gallagher and Avnet Chief Financial Officer Tom Liguori will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. Conference Call & Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The slides can be accessed via Avnet's Investor Relations web page at www.ir.avnet.co

First quarter sales of $5.6 billion, up 18.2% year over year with diluted EPS of $1.10 First quarter adjusted diluted EPS of $1.22 Electronic Components and Farnell operating margins increased to 3.2% and 10.9%, respectively Avnet, Inc. (NASDAQ:AVT) today announced results for its first quarter ended October 2, 2021. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "Building upon our solid performance in fiscal 2021, we were pleased to start off fiscal 2022 with a strong first quarter. We delivered another consecutive quarter of record sales in both our Electronic Components and Farnell businesses and reached our respective short-term o

Conference call and webcast to follow at 1:30 p.m. PT / 4:30 p.m. ET Avnet (NASDAQ:AVT) a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2022 on October 28 after market close. Following the earnings release, Avnet Chief Executive Officer Phil Gallagher and Avnet Chief Financial Officer Tom Liguori will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update. Conference Call & Webcast Details To participate in the live call, dial 877-407-8112 or 201-689-8840. The slides can be accessed via Avnet's Investor Relations web page at www.ir.avnet.com

Record fourth quarter sales of $5.2 billion, up 25.7% year over year with diluted EPS of $0.85 Fourth quarter adjusted diluted EPS of $1.12, up 75% year over year Avnet, Inc. (NASDAQ:AVT) today announced results for its fourth quarter and fiscal year ended July 3, 2021. Commenting on the Company's financial results, Avnet Chief Executive Officer Phil Gallagher stated, "In the fourth quarter, we delivered strong sales growth with record sales in our Electronic Components business and at Farnell, driving operating margin improvement approaching our 3% and 10% near-term targets, respectively. We remain well-positioned across all operating regions and are continuing to capitalize on the stro

Sales and Adjusted Earnings Expected to Exceed Prior Guidance GAAP EPS Expected to be $0.72 to $0.78 and Adjusted EPS $1.01 to $1.05 Company Plans to Report Fourth Quarter and Fiscal Year 2021 Results on August 11 Avnet, Inc. (NASDAQ:AVT) today announced preliminary, unaudited results for fourth quarter sales, operating margins, and earnings per share. Sales and earnings per share will exceed the high end of previous guidance. Commenting on today's announcement, Avnet Chief Executive Officer Phil Gallagher stated, "Strong quarter-over-quarter sales growth in EMEA, Asia and Farnell, and continued operating improvement in the Americas, all contributed to better-than-expected results. Avne