Avnet Q1 2026 Earnings Release

Avnet, Inc. reported its first quarter fiscal 2026 results with sales of $5.9 billion, marking a 5.3% year-over-year increase. The company achieved diluted earnings per share (EPS) of $0.61 and adjusted diluted EPS of $0.84. Key highlights include double-digit sales growth in Farnell and Asia, a return to year-over-year sales growth in the Americas, and an operating income margin of 2.4%. Avnet returned $138 million to shareholders through share repurchases and $28 million in dividends, with a 6% increase in the quarterly dividend compared to fiscal 2025. The company remains optimistic about market recovery and its ability to create long-term value for stakeholders.