Avnet Q1 FY2026 sales $5.9B, adj EPS $0.84; Americas returns to YoY growth

AVNET INC

2026-Q1 EPS reported $0.61 revenue$5,898,572,000

Sales $5.90B (+5.3% YoY); diluted GAAP EPS $0.61, adjusted EPS $0.84; both exceeded expectations.
Americas segment returned to YoY growth (+3.0% to $1.37B) for first time in five quarters.
Farnell sales $398.9M (+14.9% YoY); Asia sales $2.86B (+9.9% YoY); fifth consecutive quarter of Asia growth.
Returned $138M via share repurchases (3.2% of shares) and increased quarterly dividend by 6%.
Adjusted operating margin 2.6% (down 46 bps YoY); GAAP operating margin 2.4%.

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