---
schema_version: "secwatch.filing_event.v1"
accession: "0000008858-23-000026"
form_type: "8-K"
ticker: "AVT"
cik: "0000008858"
company_name: "AVNET INC"
filed_at: "2023-08-16T23:59:59+00:00"
generated_at: "2026-06-11T09:02:56.821946+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avnet reports Q4 sales up 2.9% YoY; FY2023 diluted EPS $8.26 record, interest expenses weigh

## Summary
- FY2023 sales $26.5B (+9.2% YoY); GAAP diluted EPS $8.26 (record), adjusted diluted EPS $8.06.
- Q4 sales $6.55B, up 2.9% YoY, above guidance; GAAP EPS $1.68, down from $2.51; adjusted EPS $2.06, flat YoY.
- Electronic Components segment Q4 operating margin 5.1% (+77 bps YoY); Farnell margin 8.1% (-614 bps YoY).
- Full-year interest expense hit adjusted EPS by $1.24; returned $106M in dividends and $213M in share repurchases.
- Asia sales declined 11.9% YoY in Q4; Americas and EMEA grew 7.1% and 18.7% respectively.

## SEC filing metadata
- accession: 0000008858-23-000026
- form_type: 8-K
- ticker: AVT
- cik: 0000008858
- company_name: AVNET INC
- filed_at: 2023-08-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/8858/000000885823000026/0000008858-23-000026-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8858/000000885823000026/avt-20230816x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008858-23-000026
- JSON: https://secwatch.observer/filing/0000008858-23-000026.json
- Plain text: https://secwatch.observer/filing/0000008858-23-000026.txt

## Key facts
- Earnings Releases
  AVNET INC reported fourth quarter and fiscal year ended July 1, 2023 results: revenue $26.5 billion, EPS $8.26.
  - Period: fourth quarter and fiscal year ended July 1, 2023
  - Revenue: $26.5 billion
  - EPS: $8.26
  - Result: reported results
  source text: Avnet Reports Fourth Quarter and Fiscal 2023 Financial Results Fiscal year 2023 sales of $26.5 billion and record diluted EPS of $8.26
  evidence_url: https://www.sec.gov/Archives/edgar/data/8858/000000885823000026/0000008858-23-000026-index.htm

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