---
schema_version: "secwatch.filing_event.v1"
accession: "0000008858-24-000005"
form_type: "8-K"
ticker: "AVT"
cik: "0000008858"
company_name: "AVNET INC"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T14:29:52.671943+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Avnet Q2 FY2024 sales $6.2B (-7.6% YoY), adj. EPS $1.40 (-30%)

## Summary
- Sales $6.2B, down 7.6% YoY; GAAP diluted EPS $1.28 (down 51%).
- Adjusted diluted EPS $1.40 (down 30% YoY); adjusted operating margin 3.9%.
- Electronic Components op margin 4.3%; Farnell margin 4.0% (down from 9.0%).
- Returned $86.8M to shareholders: $59M buybacks, $27.8M dividends.
- Asia sales -10% YoY; Americas -5.5%; EMEA -6.3%.

## SEC filing metadata
- accession: 0000008858-24-000005
- form_type: 8-K
- ticker: AVT
- cik: 0000008858
- company_name: AVNET INC
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/8858/000000885824000005/0000008858-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8858/000000885824000005/avt-20240131x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008858-24-000005
- JSON: https://secwatch.observer/filing/0000008858-24-000005.json
- Plain text: https://secwatch.observer/filing/0000008858-24-000005.txt

## Key facts
- Earnings Releases
  AVNET INC reported second quarter ended December 30, 2023 results: revenue $6.2 billion, EPS $1.28.
  - Period: second quarter ended December 30, 2023
  - Revenue: $6.2 billion
  - EPS: $1.28
  - 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 Second Quarter 2024 Financial Results Second quarter sales of $6.2 billion and diluted EPS of $1.28 Adjusted diluted EPS of $1.40 Electronic Components operating margin of 4.3% PHOENIX – January 31, 2024 – Avnet, Inc. (Nasdaq: AVT ) today announced
  evidence_url: https://www.sec.gov/Archives/edgar/data/8858/000000885824000005/0000008858-24-000005-index.htm

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