
• Reported GAAP EPS of $1.15 up 12.75% YoY • Reported revenue of $7.12B up 33.95% YoY • Avnet expects Q4 Fiscal 2026 sales to be in the range of $7.30 billion to $7.60 billion, with adjusted diluted EPS projected between $1.70 and $1.80.
Bullish
Avnet achieved record Electronic Components sales with strong year-over-year growth, expanded operating income margins, and improved inventory days while returning capital to shareholders.
Bearish
Avnet's operating cash flow significantly decreased, and the company faces competitive pressures, an industry down-cycle in semiconductors, and international operational risks including foreign currency fluctuations.