---
schema_version: "secwatch.filing_event.v1"
accession: "0000008858-21-000046"
form_type: "8-K"
ticker: "AVT"
cik: "0000008858"
company_name: "AVNET INC"
filed_at: "2021-10-28T23:59:59+00:00"
generated_at: "2026-06-28T17:09:02.133371+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avnet reports Q1 FY2022 sales $5.6B (+18.2% YoY), adj. EPS $1.22, EC and Farnell margins rise

## Summary
- Sales $5.6B, up 18.2% YoY; organic sales up 33.7% YoY adjusting for TI sales and extra week.
- GAAP diluted EPS $1.10; adjusted diluted EPS $1.22 vs $1.12 prior quarter.
- Electronic Components operating margin 3.2% (up 8 bps Q/Q); Farnell margin 10.9% (up 263 bps Q/Q).
- Returned $23.9M to shareholders via dividends and reinitiated share repurchase program.
- Management expects strong demand into calendar 2022; Q2 results projected in line with Q1.

## SEC filing metadata
- accession: 0000008858-21-000046
- form_type: 8-K
- ticker: AVT
- cik: 0000008858
- company_name: AVNET INC
- filed_at: 2021-10-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8858/000000885821000046/0000008858-21-000046-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8858/000000885821000046/avt-20211028x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008858-21-000046
- JSON: https://secwatch.observer/filing/0000008858-21-000046.json
- Plain text: https://secwatch.observer/filing/0000008858-21-000046.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.