Avnet Posts $3.63 Adjusted EPS for Fiscal 1Q
AVT has more than doubled off its 52-week low of $44.25 on elevated volume (2.1× avg).
Summary
Avnet reported fiscal first-quarter adjusted EPS of $3.63, alongside GAAP diluted EPS of $3.28 and net income of $282.2M, as sales hit a record $10.7B, up 82% year over year. The original flash carried only the adjusted EPS figure, so the market's read depends on how it stacks against consensus and the prior quarter. For scale, the company closed fiscal 2026 with full-year EPS of $4.01 on record sales of $27.6B, per the August 10-K. This is the first earnings print since that filing and follows the October credit-facility upsizing to $2.75B. Looking ahead, Avnet expects second-quarter sales of $11.1B-$11.4B, growing approximately 5% sequentially at the midpoint.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — Avnet's Q1 sales were a record $10.7B, up 82% year over year, with GAAP diluted EPS of $3.28 and adjusted EPS of $3.63.
At the time of this announcement, AVT was trading at $89.32 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $7.3B. The 52-week trading range was $44.25 to $108.63. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.