Education
About Us
Working with TipRanks
Follow Us
Avnet (AVT)
NASDAQ:AVT
Earnings Data
Report Date
May 06, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1.3Last Year’s EPS
0.84Same Quarter Last Year
Moderate Sell
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed solid operational and financial momentum: revenue and EPS beat expectations, strong cash flow, sequential and year-over-year growth across regions (notably record Asia revenues and robust Farnell growth), inventory and working capital improvements, and positive guidance for the next quarter. Challenges were acknowledged, including emerging spot pricing pressure in memory/storage and select components, higher SG&A versus prior year, regional mix pressure on gross margins, elevated Farnell inventory days, and ongoing supply-chain mismatches and limited customer long-term visibility. On balance, the positives (top-line beats, cash generation, margin improvement initiatives, and constructive guidance) outweigh the noted risks and execution items.Company Guidance
Revenue Above Guidance and Strong Top-Line Growth
Sales of $6.3 billion in the quarter, which exceeded the high end of guidance and represented +12% year-over-year and +7% sequential growth.
Regional Strength — Asia Record Quarter
Asia sales reached a record high of over $3.0 billion, grew +17% year-over-year, and now represent over 50% of total sales (up from ~48% last quarter); sixth consecutive quarter of year-over-year growth in the region.
Farnell Outperformance
Farnell sales increased +24% year-over-year and +7% sequentially (constant currency +20% YoY); Farnell gross margins improved >100 basis points year-over-year.
Electronic Components Business Momentum
Electronic Components sales rose +11% year-over-year and +7% sequentially (constant currency +9% YoY); EC operating margin of 3.2% contributed to consolidated margin expansion efforts.
Operating Margin Progress and EPS Beat
Reported operating margins: 3.2% for Electronic Components and 4.7% for Farnell; adjusted diluted EPS of $1.05 exceeded the high end of guidance and was described as nearly 4x versus the prior quarter.
Cash Flow and Working Capital Improvement
Generated over $200 million of cash flow from operations; working capital decreased $42 million sequentially and working capital days decreased by 7 days to 88 days.
Inventory Reduction and Management
Total inventory reduced by $126 million (2.3%) sequentially; ended quarter at 86 days of inventory company-wide with EC inventory <80 days and Farnell inventory <230 days; management targeting below 80 days overall.
Demand Indicators and Product Wins
Double-digit year-over-year sales growth led by strong demand in compute and aerospace & defense; demand creation revenues increased sequentially by +7%; design registrations and wins increased sequentially, supporting future revenue pipeline.
Prudent Capital Allocation
Paid quarterly dividend of $0.35 per share (~$28 million) and signaled intent to reduce leverage to ~3x over the next year while deploying cash selectively for long-term returns.
Near-Term Guidance and Positive Outlook
Management guided Q3 sales in a $6.2B–$6.5B range with EPS $1.20–$1.30, implying ~1% sequential sales increase at the midpoint and expecting growth in the Americas and EMEA with a less-than-seasonal decline in Asia.
AVT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AVT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 28, 2026 | $52.68 | $59.96 | +13.82% |
Oct 29, 2025 | $50.17 | $48.29 | -3.75% |
Aug 06, 2025 | $51.18 | $48.78 | -4.69% |
Apr 30, 2025 | $50.21 | $46.04 | -8.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Avnet (AVT) report earnings?
Avnet (AVT) is schdueled to report earning on May 06, 2026, After Close (Confirmed).
What is Avnet (AVT) earnings time?
Avnet (AVT) earnings time is at May 06, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AVT EPS forecast?
AVT EPS forecast for the fiscal quarter 2026 (Q3) is 1.3.
