Every 10-Q that Avnet, Inc. (AVT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow AVT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full AVT filings page.
Avnet reported stronger Q3 2026 sales as electronics demand improved. Sales rose 34.0% year over year to $7,119.8 million, with growth in all regions and both Electronic Components and Farnell. Gross margin slipped to 10.4%, but operating income increased to $205.5 million, a 2.9% margin.
Net income for the quarter was $94.3 million, or $1.14 per diluted share, up from $87.9 million. For the first nine months, sales reached $19,337.3 million while net income declined to $207.8 million as the effective tax rate jumped to 32.4%.
Operating cash flow fell sharply to $9.8 million versus $585.0 million a year earlier, driven by working capital needs and a $61.4 million settlement of a Mexico tax audit. Avnet issued $650 million of 1.75% convertible notes due 2030 and a new term loan, then used its credit facility to repay $550 million notes due April 2026. The company is prioritizing balance sheet leverage and has paused share repurchases, though it continues a $0.35 quarterly dividend.
Avnet’s quarter showed stronger sales but weaker profit. Sales for Q2 FY2026 rose to $6.32 billion, up 11.6% from a year earlier, with growth in both Electronic Components and Farnell and across all regions, especially Asia. Gross profit increased to $663 million, but the margin slipped to 10.5% as more business came from lower‑margin Asia.
Operating income fell to $146.2 million from $155.3 million, and net income declined to $61.7 million from $87.3 million, cutting diluted EPS to $0.75 from $0.99. Results were pressured by higher selling and administrative costs and $25.2 million of restructuring, integration, and other expenses tied to cost reductions and a new EMEA distribution center. The effective tax rate also jumped to 31.3% from 3.4%, further reducing net earnings.
For the first six months, net income dropped to $113.5 million from $146.2 million even as sales rose 8.4% to $12.22 billion. Avnet generated $63.7 million of operating cash flow versus $444.2 million a year earlier, largely because more cash was tied up in receivables and inventory to support growth. The company issued $650 million of 1.75% convertible notes due 2030, used mainly to pay down its credit facility and repurchase $100 million of stock, and ended the quarter with $286.5 million in cash and $2.94 billion of total debt.
Avnet (AVT) reported Q1 FY2026 results and completed a convertible notes financing. Sales were $5.90 billion, up 5.3% year over year, while diluted EPS was $0.61 versus $0.66. Gross profit rose to $614.8 million, but gross margin slipped to 10.4% as mix shifted toward Asia. Operating income was essentially flat at $142.0 million.
Segment trends diverged: Electronic Components sales increased 4.6% to $5.50 billion with softer margins, while Farnell sales grew 14.9% to $398.9 million and improved profitability. The effective tax rate increased to 32.6%, weighing on net income, which was $51.7 million. Cash flow from operations used $144.6 million, largely from higher receivables tied to Asia growth.
Avnet issued $650 million of 1.75% convertible senior notes due 2030 (net proceeds ~$633.8 million), used to reduce the Credit Facility by $533.8 million and repurchase $100 million of stock. Total debt was $2.99 billion at quarter-end; cash was $175.5 million. The company repurchased $138.3 million of shares in the quarter and paid a $0.35 dividend per share. Shares outstanding were 81,329,466 as of October 25, 2025.