Avnet Reports First Quarter 2027 Financial Results
Business Wire•04/11/2026•08:00 ET
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Key Highlights
- ➤Record quarterly sales $10.7 billion, up 82% year over year and 29% sequentially
- ➤Diluted earnings per share $3.28, compared with $0.61 in prior-year quarter
- ➤Record adjusted diluted earnings per share $3.63, up 332% year over year
- ➤Second-quarter fiscal 2027 sales guidance is $11.1 billion to $11.4 billion
- ➤Second-quarter adjusted diluted EPS guidance is $3.90 to $4.10
Expert Statements
Phil Gallagher, Chief Executive Officer of Avnet
“We began fiscal 2027 by delivering another record quarter, reflecting stronger demand and solid execution across all of our businesses. The fundamental backdrop for our industry remains positive, with continued growth across our core verticals such as industrial, aerospace and defense, transportation and AI and data center applications. Our team is diligently managing expenses and working capital while supporting significant and sustained demand. With momentum across our business, our outlook is robust, and we remain focused on executing our strategy, driving profitable growth and creating long-term value for our shareholders.”
Record quarterly sales of $10.7 billion and earnings per share of $3.28
Electronic Components achieved operating margin of 4.8% on record operating income of $484 million
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