Jun 2026 (Q4 FY26) — Aug 5, 2026
Avnet Q4 FY26 — Record Sales and EPS Driven by Broad-Based Demand Recovery
Read the full callAvnet (AVT) earnings
- Jun 2026
- Jun 2026 (Q4 FY26)
- Jun 2026
Avnet earnings: last reported Wed, 5 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 8,295 | +47.7% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 2.8 | +1.5 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 127 | +1978.8% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
27 of 28 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted Diluted EPS | $1.70 to $1.80 | Mar 2026 | Adjusted diluted earnings per share of $2.28 was a quarterly record for our company and was well above the high end of our guidance. | Achieved |
| Return on Working Capital | 16% | Mar 2026 | We ended the quarter with a return on working capital of 19%, exceeding our near-term target of 16%. | Diluted |
| Adjusted Diluted EPS | $2.80 to $2.90 | Jun 2026 | and adjusted diluted earnings per share in the range of $2.80 to $2.90. | New |
1 of AVNET INC's 43 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 40 more targets are in the full ledger.
Claimed
- Record sales of $8.3 billion, up 48% YoY, exceeding guidance.
- Adjusted diluted EPS of $2.28, a quarterly record, well above guidance.
- Adjusted operating margin of 3.8%, an increase of over 70 basis points sequentially, marking the fourth consecutive quarter of expansion.
- Inventory days improved to 71, the lowest in nearly 4 years, with EC inventory days below 65 and Farnell below 200.
- Electronic Components operating margin reached 4.1%, its highest in over 2 years, with all regions improving sequentially and YoY.
Qualified
- Memory pricing increases contributed approximately one-third of both sequential and year-over-year sales growth, potentially masking underlying unit volume trends.
- Working capital increased $559 million sequentially, primarily due to increased accounts receivable driven by sales growth.
- Inventory dollars grew 11% or $600 million, with over 50% driven by pricing, mainly memory-related.
Price
$91.88 +2.05% · +$1.85
Performance +76.4% 1Y
1Y: $52.08 on 17 Oct 2025 → $91.88. High $106.94 (2 Oct 2026), low $44.37 (20 Nov 2025).
- Previous close
- $90.03
- 52-week range
- $44.37 – $106.94
- One year
- +73.13%
Overview
- Symbol
- AVT
- Sector
- Information Technology
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
27 of 28 judged targets kept · 15 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Adjusted Diluted EPS | $1.70 to $1.80 | Mar 2026 | Adjusted diluted earnings per share of $2.28 was a quarterly record for our company and was well above the high end of our guidance. | Achieved |
| Return on Working Capital | 16% | Mar 2026 | We ended the quarter with a return on working capital of 19%, exceeding our near-term target of 16%. | Diluted |
| Adjusted Diluted EPS | $2.80 to $2.90 | Jun 2026 | and adjusted diluted earnings per share in the range of $2.80 to $2.90. | New |
Claimed
- Record sales of $8.3 billion, up 48% YoY, exceeding guidance.
- Adjusted diluted EPS of $2.28, a quarterly record, well above guidance.
- Adjusted operating margin of 3.8%, an increase of over 70 basis points sequentially, marking the fourth consecutive quarter of expansion.
- Inventory days improved to 71, the lowest in nearly 4 years, with EC inventory days below 65 and Farnell below 200.
- Electronic Components operating margin reached 4.1%, its highest in over 2 years, with all regions improving sequentially and YoY.
Qualified
- Memory pricing increases contributed approximately one-third of both sequential and year-over-year sales growth, potentially masking underlying unit volume trends.
- Working capital increased $559 million sequentially, primarily due to increased accounts receivable driven by sales growth.
- Inventory dollars grew 11% or $600 million, with over 50% driven by pricing, mainly memory-related.
The full ledger
Open AVNET INC’s full ledger
A free account opens 5 company ledgers a month. All 43 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q3 FY26) — Apr 29, 2026
Avnet Q3 FY26 — Record Sales and Operating Margin Expansion Driven by Improving Market Conditions
Read the full callEvery analysed call
Avnet earnings calls (AVT)
Financials
What the filings say
Net profit, year on year: +1979% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 5,604 | 5,663 | 5,315 | 5,618 | 5,899 | 6,319 | 7,120 | 8,295 |
| Operating profit | 142 | 155 | 143 | 73 | 142 | 146 | 206 | 231 |
| Operating margin | 2.5% | 2.7% | 2.7% | 1.3% | 2.4% | 2.3% | 2.9% | 2.8% |
| Interest | 64 | 62 | 61 | 58 | 60 | 61 | 63 | 66 |
| Profit before tax | 75 | 90 | 78 | 7 | 77 | 90 | 141 | 160 |
| Tax rate | 21.1% | 3.4% | −12.5% | 17.8% | 32.6% | 31.3% | 32.9% | 21.0% |
| Net profit | 59 | 87 | 88 | 6 | 52 | 62 | 94 | 127 |
| EPS ($ per share) | 0.67 | 1 | 1.02 | — | 0.62 | 0.76 | 1.15 | — |
| Line item | Jun 2019 | Jun 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 104 | 99 | 100 | 96 | 92 | 89 | 84 | 82 |
| Reserves | 2,767 | 2,422 | 2,516 | 2,921 | 3,378 | 3,602 | 3,430 | 3,513 |
| Total liabilities | 4,424 | 4,379 | 4,841 | 6,196 | 7,725 | 7,284 | 7,107 | 10,403 |
| Fixed assets | 452 | 405 | 369 | 315 | 442 | 568 | 667 | 645 |
| Total assets | 8,565 | 8,105 | 8,925 | 10,389 | 12,477 | 12,209 | 12,119 | 15,425 |
| Line item | Jun 2019 | Jun 2020 | Jul 2021 | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 535 | 730 | 91 | -219 | -714 | 690 | 725 | -281 |
| Cash from investing | -25 | -135 | -61 | 51 | -212 | -225 | -137 | -71 |
| Cash from financing | -583 | -645 | -314 | 156 | 1,055 | -434 | -694 | 316 |
| Net cash flow | -75 | -69 | -277 | -46 | 135 | 23 | -119 | -37 |
| Capital expenditure | -123 | -74 | -50 | -49 | -195 | -226 | -147 | -74 |
| Free cash flow | 412 | 657 | 41 | -268 | -908 | 464 | 577 | -354 |
AVT revenue by segment
| Segment | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Electronic Components | 94% | 94% | 93% | 93% | 93% | 93% | 94% | 94% | +49.0% |
| Premier Farnell | 6% | 6% | 7% | 7% | 7% | 7% | 6% | 6% | +29.4% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Revenue by region
Q4 FY2026 · share of revenue
- EMEA 28% ↓ 2 pt
- Americas 25% ↑ 1 pt
As AVT cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
54 filings between Nov 7, 2025 and Sep 17, 2026.
Open market
decisions to buy or sellPurchases
$100.0K
1 purchase by 1 insider
Sales
$17.15M
9 sales by 5 insiders
Compensation
not trading decisions- 20
- Award — granted as compensation
- 8
- Option exercise — converted options into shares
- 11
- Tax withheld — shares kept back by the company to cover tax
Also filed: 2 dispositions to the issuer, 2 other filings, 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| GALLAGHER PHILIP R | — | $10.20M | Aug 12, 2026 |
| McCoy Michael Ryan | — | $5.30M | Aug 19, 2026 |
| JACOBSON KENNETH A | $100.0K | $1.02M | May 22, 2026 |
| Chan Leng Jin | — | $567.7K | Feb 2, 2026 |
| Youngblood Jay David | — | $65.4K | Feb 12, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Sep 17, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Gift | 250 | $0 |
| Sep 17, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Other | 63,176 | $0 |
| Sep 17, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Other | 63,176 | $0 |
| Sep 16, 2026 | Chan Leng Jin SVP, CIO | Disposition to issuer | 13,000 | $1.22M |
| Sep 15, 2026 | JACOBSON KENNETH A Chief Financial Officer | Disposition to issuer | 6,844 | $634.8K |
| Sep 14, 2026 | Chan Leng Jin SVP, CIO | Award | 2,233 | $0 |
| Sep 14, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Award | 20,360 | $0 |
| Sep 14, 2026 | McCoy Michael Ryan SVP, General Counsel | Award | 3,849 | $0 |
| Sep 14, 2026 | Arnold Ken E. SVP, Chief People Officer | Award | 3,546 | $0 |
| Sep 14, 2026 | JACOBSON KENNETH A Chief Financial Officer | Award | 4,991 | $0 |
| Aug 27, 2026 | Chan Leng Jin SVP, CIO | Award | 3,194 | $0 |
| Aug 27, 2026 | Arnold Ken E. SVP, Chief People Officer | Award | 5,111 | $0 |
| Aug 27, 2026 | JACOBSON KENNETH A Chief Financial Officer | Tax withheld | 2,674 | $234.8K |
| Aug 27, 2026 | JACOBSON KENNETH A Chief Financial Officer | Award | 6,388 | $0 |
| Aug 27, 2026 | McCoy Michael Ryan SVP, General Counsel | Tax withheld | 2,318 | $203.5K |
| Aug 27, 2026 | McCoy Michael Ryan SVP, General Counsel | Award | 5,537 | $0 |
| Aug 27, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Tax withheld | 12,476 | $1.10M |
| Aug 27, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Award | 29,811 | $0 |
| Aug 27, 2026 | Chan Leng Jin SVP, CIO | Tax withheld | 1,337 | $117.4K |
| Aug 27, 2026 | Arnold Ken E. SVP, Chief People Officer | Tax withheld | 2,139 | $187.8K |
| Aug 20, 2026 | Arnold Ken E. SVP, Chief People Officer | Award | 21,452 | $0 |
| Aug 20, 2026 | JACOBSON KENNETH A Chief Financial Officer | Award | 30,488 | $0 |
| Aug 20, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Award | 120,991 | $0 |
| Aug 20, 2026 | McCoy Michael Ryan SVP, General Counsel | Award | 22,538 | $0 |
| Aug 20, 2026 | Youngblood Jay David SVP, Chief Digital Officer | Award | 7,090 | $0 |
| Aug 20, 2026 | Chan Leng Jin SVP, CIO | Award | 14,157 | $0 |
| Aug 19, 2026 | McCoy Michael Ryan SVP, General Counsel | Option exercise | 32,052 | $1.27M |
| Aug 19, 2026 | McCoy Michael Ryan SVP, General Counsel | Sale | 32,052 | $2.92M |
| Aug 12, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Option exercise | 20,000 | $587.6K |
| Aug 12, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Option exercise | 31,900 | $1.27M |
| Aug 12, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Sale | 31,900 | $3.14M |
| Aug 12, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Sale | 20,000 | $1.97M |
| May 22, 2026 | JACOBSON KENNETH A Chief Financial Officer | Sale | 12,000 | $1.02M |
| May 5, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Option exercise | 23,920 | $1.16M |
| May 5, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Sale | 23,920 | $1.98M |
| Feb 24, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Sale | 46,068 | $3.11M |
| Feb 24, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Option exercise | 21,000 | $617.0K |
| Feb 24, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Option exercise | 25,068 | $922.5K |
| Feb 17, 2026 | McCoy Michael Ryan SVP, General Counsel | Option exercise | 36,292 | $1.08M |
| Feb 17, 2026 | McCoy Michael Ryan SVP, General Counsel | Sale | 36,292 | $2.38M |
| Feb 12, 2026 | Youngblood Jay David SVP, Chief Digital Officer | Sale | 987 | $65.4K |
| Feb 2, 2026 | Chan Leng Jin SVP, CIO | Option exercise | 9,226 | $365.5K |
| Feb 2, 2026 | Chan Leng Jin SVP, CIO | Sale | 9,226 | $567.7K |
| Jan 5, 2026 | GALLAGHER PHILIP R Chief Executive Officer | Tax withheld | 27,986 | $1.37M |
| Jan 5, 2026 | McCoy Michael Ryan SVP, General Counsel | Tax withheld | 3,763 | $184.5K |
| Jan 5, 2026 | Youngblood Jay David SVP, Chief Digital Officer | Tax withheld | 628 | $30.8K |
| Jan 5, 2026 | Arnold Ken E. SVP, Chief People Officer | Tax withheld | 3,487 | $171.0K |
| Jan 5, 2026 | Chan Leng Jin SVP, CIO | Tax withheld | 2,216 | $108.7K |
| Jan 5, 2026 | JACOBSON KENNETH A Chief Financial Officer | Tax withheld | 4,694 | $230.2K |
| Jan 2, 2026 | Jenkins Jo Ann Director | Award | 4,078 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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