---
schema_version: "secwatch.filing_event.v1"
accession: "0000008858-24-000017"
form_type: "8-K"
ticker: "AVT"
cik: "0000008858"
company_name: "AVNET INC"
filed_at: "2024-05-01T23:59:59+00:00"
generated_at: "2026-06-03T03:42:36.266157+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Avnet Q3 FY2024 sales down 13% YoY to $5.7B, EPS $0.97

## Summary
- Sales $5.65B, down 13.2% YoY; GAAP diluted EPS $0.97 vs $2.03.
- Adjusted diluted EPS $1.10, down 45% YoY; operating margin 3.4% vs 4.8%.
- Electronic Components operating margin 4.1% (5.0% prior); Farnell margin 4.0% (9.0% prior).
- Cash from operations ~$500M; returned $28M in dividends during quarter.
- CEO cites continued soft demand; Q4 outlook expects similar market conditions.

## SEC filing metadata
- accession: 0000008858-24-000017
- form_type: 8-K
- ticker: AVT
- cik: 0000008858
- company_name: AVNET INC
- filed_at: 2024-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/8858/000000885824000017/0000008858-24-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/8858/000000885824000017/avt-20240501x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000008858-24-000017
- JSON: https://secwatch.observer/filing/0000008858-24-000017.json
- Plain text: https://secwatch.observer/filing/0000008858-24-000017.txt

## Key facts
- Earnings Releases
  AVNET INC reported its third quarter ended March 30, 2024 results: revenue $5.7 billion, EPS $0.97.
  - Period: its third quarter ended March 30, 2024
  - Revenue: $5.7 billion
  - EPS: $0.97
  - 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 Third Quarter 2024 Financial Results Third quarter sales of $5.7 billion and diluted EPS of $0.97 Adjusted diluted EPS of $1.10 Electronic Components operating margin of 4.1% PHOENIX – May 1, 2024 – Avnet, Inc. (Nasdaq: AVT ) today announced results
  evidence_url: https://www.sec.gov/Archives/edgar/data/8858/000000885824000017/0000008858-24-000017-index.htm

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