Avnet (DE:VNI)
FRANKFURT:VNI
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Earnings Data
Report Date
Aug 12, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.51Last Year’s EPS
0.69Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a decidedly positive operational and financial momentum: record and double‑digit year-over-year revenue growth, sequential margin expansion, a record quarter for Electronic Components, recovery progress at Farnell, improved working capital metrics and a beat to guidance. Key challenges include year-over-year gross margin compression, a significant portion of near-term revenue growth driven by memory price increases (largely pass-through), widening lead-time tightness across many product categories, elevated Farnell inventory days and continued use of cash to fund rapid sales growth. On balance, the breadth and magnitude of the positive operating and top-line trends, guidance above seasonal, and margin recovery trajectory outweigh the lowlights, though continued vigilance on pricing, supply-chain dynamics and leverage is required.Company Guidance
Strong Revenue Growth and Beat
Total sales of $7.1 billion, up 34% year-over-year and 13% sequentially, above the high end of guidance; adjusted diluted EPS of $1.48 beat the high end of guidance.
Electronic Components Record Quarter
Electronic Components delivered record sales: +35% year-over-year and +13% sequentially (31% YoY constant currency); EC operating income $235 million and EC operating margin 3.5%, marking margin expansion sequentially.
Regional Strength, Led by Asia
Asia sales reached a record $3.5 billion (49% of total sales) and were up 39% year-over-year; Europe sales +31% YoY and Americas +27% YoY, with sequential growth across all regions.
Farnell Recovery and Margin Progress
Farnell sales increased 24% year-over-year and 6% sequentially (18% YoY constant currency); Farnell operating margin 5.2%, up 55 basis points sequentially and sixth consecutive quarter of margin expansion with a path to double-digit margins over time.
Operating Margin and Profitability Expansion
Adjusted operating income $221 million and adjusted operating margin of 3.1%, up nearly 40 basis points sequentially; adjusted operating income grew more than 2x sales sequentially.
Working Capital and Inventory Discipline
Inventory days ended at 77 days (below near-term target of 80 days); working capital days decreased 11 days sequentially to 76 days; inventory net of accounts payable decreased by $115 million QoQ.
Product and Solution Momentum
IP&E business grew 25% year-over-year; Demand Creation revenues increased 16% sequentially; company added ~60k–70k SKUs year-to-date to broaden product availability and NPI exposure.
Balance Sheet, Liquidity and Capital Return
Gross leverage improved to 3.6x from 3.9x; approximately $1.7 billion of available committed borrowing capacity; paid $0.35/share dividend ($29 million) and year-to-date shareholder returns of $224 million; $226 million remaining on buyback authorization.
DE:VNI 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
DE:VNI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | €66.50 | €66.50 | 0.00% |
Jan 28, 2026 | €42.76 | €43.56 | +1.86% |
Oct 29, 2025 | €43.24 | €42.05 | -2.74% |
Aug 06, 2025 | €44.33 | €43.54 | -1.77% |
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 (DE:VNI) report earnings?
Avnet (DE:VNI) is schdueled to report earning on Aug 12, 2026, After Close (Confirmed).
What is Avnet (DE:VNI) earnings time?
Avnet (DE:VNI) earnings time is at Aug 12, 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 the P/E ratio of Avnet stock?
The P/E ratio of Avnet is N/A.
What is DE:VNI EPS forecast?
DE:VNI EPS forecast for the fiscal quarter 2026 (Q4) is 1.51.
