Avnet, Inc. filings document the regulatory record for a New York-incorporated technology distributor with common stock listed on the Nasdaq Global Select Market under AVT. Form 8-K reports furnish quarterly results of operations and financial condition, including exhibits containing earnings releases for the company's fiscal periods.
Avnet's proxy and material-event filings cover annual meeting matters, director elections, advisory compensation votes, stock compensation and incentive plan approval, auditor ratification, and shareholder vote results. Capital-structure and financing disclosures include material definitive agreements, amendments to credit agreements involving Avnet Holding Europe BV, and convertible senior notes due 2030.
AVNET INC (AVT) is the issuer for a planned sale of common stock reported for the account of officer Michael Ryan McCoy under Rule 144. A brokerage account at Fidelity Brokerage Services LLC lists 32,052 shares of AVNET common stock with an aggregate market value of $2,919,789.94, compared against 82,072,979 shares outstanding as of August 19, 2026. The securities to be sold consist of common stock acquired through a stock option exercise, with the planned disposition for cash. The notice is signed by Jessica Spraker as attorney-in-fact for Michael R. McCoy.
Avnet, Inc. (symbol AVT) is conducting a primary offering of new senior unsecured notes under its shelf registration, with the notes ranking equally with its existing senior unsecured indebtedness and being effectively subordinated to secured and subsidiary debt. The notes are redeemable at Avnet’s option, include a change of control put at 101% of principal plus interest, and are not guaranteed by subsidiaries. As of June 27, 2026, Avnet had $500.0 million of secured debt under its accounts receivable securitization program, $2.3 billion of unsecured senior indebtedness, and $285.1 million of subsidiary debt outstanding. Net proceeds are expected to repay borrowings under a senior unsecured revolving credit facility and the securitization program, which had outstanding balances of $1.575 billion at 4.55% and $700.0 million at 4.49%, respectively, as of August 18, 2026.
Avnet, Inc. has filed an automatic shelf registration on Form S-3, allowing it to offer from time to time various securities, including debt securities, common stock, preferred stock, warrants, depositary shares, purchase contracts and units. Avnet’s common stock trades on the Nasdaq Global Select Market under the symbol AVT. Specific terms, pricing, and amounts for each issuance will be detailed in a future prospectus supplement for that offering.
Unless stated otherwise in a supplement, net proceeds from any sale will be used for general corporate purposes, which may include refinancing existing debt, capital expenditures, acquisitions, repurchases of common stock and working capital, with temporary investment in short-term securities. Debt securities will be issued under a 2010 indenture with Computershare Trust Company, National Association as trustee, and are generally in minimum denominations of $2,000 and integral multiples of $1,000. The filing explains covenants on mergers, events of default and acceleration, modification rights, legal and covenant defeasance, and a book-entry system using DTC, Euroclear and Clearstream. It also cross-references Avnet’s risk factors in its latest Form 10-K and incorporates future Exchange Act reports by reference.
Avnet, Inc. reports fiscal 2026 sales of $27,632.7 million, up 24.5% from 2025, driven by broad-based growth across its Electronic Components (EC) and Farnell groups and all regions. Semiconductors remained the core business, generating $21,711.0 million of sales, or roughly four-fifths of consolidated revenue.
Operating income increased to $724.8 million and adjusted operating income to $860.9 million, reflecting operating leverage despite modest gross margin pressure from an increased mix of lower-margin Asia EC sales. Net income rose 39.2% to $334.4 million, with diluted EPS of $4.01.
Avnet ended the year with $155.4 million of cash and combined $1.19 billion of availability under its credit facility and securitization program. The company employed approximately 15,040 people in 48 countries, repurchased $138.3 million of stock, and paid dividends of $1.40 per share while investing in cybersecurity, health and safety, and inclusion initiatives.
Avnet Inc Chief Executive Officer Philip R. Gallagher reported an option exercise-and-sell sequence. On 2026-08-12, he exercised employee stock options covering 51,900 shares of common stock at strike prices of $39.72 and $29.38, receiving 51,900 shares. That same day, he sold 51,900 common shares in open-market transactions at prices ranging from $98.43 to $98.74, with a volume-weighted average price of $98.46. Following these transactions, he retained direct employee stock options over 194,252 underlying shares at an exercise price of $39.62, and held 209,531 common shares indirectly through the Gallagher Family Trust.
Avnet, Inc. reported record fourth quarter 2026 sales of $8.3 billion, up 47.7% year over year and 16.5% sequentially. GAAP operating income rose to $231.0 million with a 2.8% margin, while adjusted operating income reached $317.9 million and a 3.8% margin. GAAP diluted EPS was $1.49 versus $0.07 a year earlier; adjusted diluted EPS was $2.28 versus $0.81. Electronic Components delivered $7.8 billion in sales and a 4.1% operating margin, and Farnell generated $500.1 million in sales with a 9.0% margin.
For fiscal 2026, sales were $27.6 billion and GAAP net income was $334.4 million, or $4.01 per diluted share; adjusted diluted EPS was $5.67. Cash from operations was a use of $280.9 million. For the first quarter of fiscal 2027, Avnet guides to sales of $9.00–$9.30 billion and adjusted diluted EPS of $2.80–$2.90, implying roughly 10% sequential sales growth at the midpoint, with expected GAAP diluted EPS of $2.57–$2.77.
Pzena Investment Management, LLC filed an amended Schedule 13G reporting beneficial ownership of 3,226,409 shares of Avnet, Inc. common stock, representing 3.9% of the class as of June 30, 2026.
Pzena has sole voting power over 1,922,351 shares and sole dispositive power over 3,226,409 shares, with no shared voting or dispositive power. The Avnet shares are held for Pzena’s investment-management clients, who are entitled to dividends and sale proceeds, and no client holds more than five percent of the class.
Avnet, Inc. entered into Amendment No. 9 to its Fourth Amended and Restated Receivables Purchase Agreement with Wells Fargo Bank and other financial institutions. The amendment increases the maximum purchase limit from $500,000,000 to $700,000,000 and extends the facility’s termination date to July 1, 2028. It also excludes certain receivables from the arrangement, while other terms remain substantially the same.
KHAYKIN OLEG reported acquisition or exercise transactions in this Form 4 filing.
Avnet director Oleg Khaykin reported a compensation-related stock unit grant. He received 412.2598 Phantom Stock Units, each tied to one share of Avnet common stock, issued in lieu of his quarterly cash retainer at $87.93 per share under the Avnet Deferred Compensation Plan for Outside Directors.
The phantom units will be settled in Avnet common stock after he leaves the board or upon a change of control. Following this grant, he holds 57,495 Phantom Stock Units and 9,000 shares of Avnet common stock directly.