---
schema_version: "secwatch.filing_event.v1"
accession: "0000008858-23-000009"
form_type: "8-K"
ticker: "AVT"
cik: "0000008858"
company_name: "AVNET INC"
filed_at: "2023-02-01T23:59:59+00:00"
generated_at: "2026-06-20T04:38:00.509471+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avnet Q2 FY2023 sales $6.7B +14.5% YoY; diluted EPS $2.63 vs $1.50

## Summary
- GAAP diluted EPS $2.63 (+75% YoY); adjusted diluted EPS $2.00 (+32.5% YoY).
- Operating income margin 4.5%, up 84 bps; Electronic Components margin up 122 bps to 4.7%.
- Farnell sales fell 7.5% YoY; operating margin dropped 461 bps to 9.0%.
- Returned $90M to shareholders: $64M in share repurchases (1.8% of outstanding) and $26M dividends.

## SEC filing metadata
- accession: 0000008858-23-000009
- form_type: 8-K
- ticker: AVT
- cik: 0000008858
- company_name: AVNET INC
- filed_at: 2023-02-01T23:59:59+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/8858/000000885823000009/0000008858-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8858/000000885823000009/avt-20230201x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008858-23-000009
- JSON: https://secwatch.observer/filing/0000008858-23-000009.json
- Plain text: https://secwatch.observer/filing/0000008858-23-000009.txt

## Key facts
- Earnings Releases
  AVNET INC reported second quarter ended December 31, 2022 results: revenue $6,717.5 million, EPS $2.63.
  - Period: second quarter ended December 31, 2022
  - Revenue: $6,717.5 million
  - EPS: $2.63
  - Result: reported results
  source text: Avnet Reports Second Quarter Fiscal 2023 Financial Results ​ Second quarter sales of $6.7 billion up 14.5% year over year ​ Operating income of $299 million grew nearly three times faster than sales ​ PHOENIX – February 1, 2023 – Avnet, Inc. (Nasdaq: AVT ) today announced results for its second quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/8858/000000885823000009/0000008858-23-000009-index.htm

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