---
schema_version: "secwatch.filing_event.v1"
accession: "0000008858-23-000036"
form_type: "8-K"
ticker: "AVT"
cik: "0000008858"
company_name: "AVNET INC"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T03:46:28.534743+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Avnet Q1 sales $6.3B (-6.1% YoY); adjusted EPS $1.61, above guidance, but down 19.5% YoY

## Summary
- GAAP diluted EPS $2.25 vs $1.93 prior year; includes $0.71 legal settlement gain.
- Sales of $6.3B down 6.1% YoY; constant currency sales down 7.8% YoY and 2.9% sequentially.
- Electronic Components operating margin 4.6% (+38 bps YoY); Farnell margin 4.2% (-389 bps QoQ).
- Adjusted EPS $1.61 exceeded company guidance; management cited strong EC performance.

## SEC filing metadata
- accession: 0000008858-23-000036
- form_type: 8-K
- ticker: AVT
- cik: 0000008858
- company_name: AVNET INC
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8858/000000885823000036/0000008858-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8858/000000885823000036/avt-20231101x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008858-23-000036
- JSON: https://secwatch.observer/filing/0000008858-23-000036.json
- Plain text: https://secwatch.observer/filing/0000008858-23-000036.txt

## Key facts
- Earnings Releases
  AVNET INC reported first quarter ended September 30, 2023 results: revenue $6.3 billion, EPS $2.25.
  - Period: first quarter ended September 30, 2023
  - Revenue: $6.3 billion
  - EPS: $2.25
  - Result: reported results
  source text: Act of 1933 except as shall be expressly set forth in such filing. --- EX-99.1 (EX-99.1) --- ​ ​ Avnet Reports First Quarter 2024 Financial Results First quarter sales of $6.3 billion and diluted EPS of $2.25 Adjusted diluted EPS of $1.61 exceeded guidance Electronic Components operating margin of 4.6% increased 38 basis points year over year PHOENIX –
  evidence_url: https://www.sec.gov/Archives/edgar/data/8858/000000885823000036/0000008858-23-000036-index.htm

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