Avnet Posts Record $8.3B Quarter, Guides Q1 Sales Above $9B

summarizeSummary

Avnet reported record Q4 sales of $8.3 billion, up 48% year-over-year, with adjusted EPS of $2.28 beating estimates. The company guided Q1 fiscal 2027 sales to $9.0–$9.3 billion and adjusted EPS to $2.80–$2.90, signaling continued momentum.

check_boxKey Events · Earnings and Guidance · AVT

• Record Q4 Sales of $8.3B

  Sales surged 48% year-over-year to $8.3 billion, with growth across all regions and both segments. Electronic Components sales hit $7.8 billion with a 4.1% operating margin; Farnell sales reached $500 million with a 9.0% margin.

• Adjusted EPS More Than Doubled

  Adjusted diluted EPS of $2.28 grew 182% year-over-year, driven by operating leverage — adjusted operating income grew 2.6x faster than sales. GAAP diluted EPS was $1.49, up from $0.07 a year ago.

• Strong Q1 Fiscal 2027 Guidance

  Avnet guided Q1 sales to $9.00–$9.30 billion (midpoint $9.15B, ~10% sequential growth) and adjusted diluted EPS to $2.80–$2.90, well above the prior quarter's $2.28 and implying continued margin expansion.

• Inventory Days Declined Sharply

  Inventory days fell to 71, down 6 days sequentially, with EC inventory days under 65 and Farnell under 200. This reflects strong demand and disciplined working capital management.

auto_awesomeAnalysis · AVT · Trade & Services

A blowout quarter saw sales surge 48% to a record $8.3 billion, while adjusted EPS more than doubled to $2.28. Operating leverage is clearly kicking in — adjusted operating income grew 2.6x faster than sales. For Q1 fiscal 2027, the company guided to another record, with sales of $9.0–$9.3 billion and adjusted EPS of $2.80–$2.90, well above consensus. This is a thesis-altering print that confirms the semiconductor cycle recovery is accelerating and Avnet is capturing disproportionate share.