Highest-materiality recent filing
Avnet Q3 sales $7.1B (+34% YoY); adjusted EPS $1.48 beats, up 76% YoY
Sales of $7,119.8M, up 34% YoY and 13% sequentially; record EC sales and double-digit growth in all regions.
Avnet Q2 FY2026 sales $6.32B (+11.6% YoY); adj. EPS $1.05, beat guidance
Sales $6.32B, up 11.6% YoY and 7.1% QoQ, above high end of guidance.
All ten director nominees elected with >71M votes each; broker non-votes of ~3.2M.
Avnet Q1 FY2026 sales $5.9B, adj EPS $0.84; Americas returns to YoY growth
Sales $5.90B (+5.3% YoY); diluted GAAP EPS $0.61, adjusted EPS $0.84; both exceeded expectations.
Avnet dismisses KPMG as auditor, appoints PwC effective Sept 30, 2025
Audit committee approved dismissal of KPMG and appointment of PricewaterhouseCoopers as new independent auditor.
Avnet issues $650M of 1.75% convertible notes due 2030; repurchases $100M in stock
Issued $650M aggregate principal of 1.75% Convertible Senior Notes due 2030, including full exercise of initial purchasers' option for additional $100M.
Avnet temporarily raises max leverage ratio to 5.00x through March 2026
Max consolidated leverage ratio increased from 4.00x to 5.00x for fiscal quarters ending Sep 2025 through Mar 2026.
Avnet Q4 GAAP EPS $0.07, adjusted EPS $0.81; sales flat at $5.6B
GAAP diluted EPS of $0.07 vs $0.91 YoY; adjusted diluted EPS $0.81 vs $1.22.
Avnet Europe borrows $150M and €100M in term loans under new credit agreement
Avnet Europe entered $150M USD and €100M EUR term loan facilities on July 1, 2025.
Avnet Q3 sales $5.3B, GAAP EPS $1.01, adjusted EPS $0.84; Asia grows 13% YoY
Sales of $5.3B, down 6.0% YoY; GAAP diluted EPS $1.01 vs $0.97 YoY (up 4.1%).
Avnet Q2 FY2025 sales fall 8.7% to $5.7B; GAAP EPS $0.99 vs $1.28 YoY
Sales $5.66B (-8.7% YoY); GAAP diluted EPS $0.99 (-22.7%); adjusted EPS $0.87 (-37.9%).
Avnet enters $1.5B credit facility maturing 2030, replacing 2022 agreement
New $1.5B senior unsecured revolving facility matures Jan 17, 2030; option to increase by $250M.
Avnet reduces receivables facility from $700M to $500M, extends to Dec 2026
Maximum purchase limit decreased from $700M to $500M; termination date extended to December 6, 2026.
Avnet shareholders elect directors, approve say-on-pay, ratify auditor
All 10 director nominees elected; highest vote count 79.2M for Gallagher, lowest 74.9M for Adkins.
Avnet Q1 FY2025 revenue down 11.6% to $5.6B; EPS $0.66 vs $2.25; Asia grows 6.2%
Sales $5,604M, down 11.6% YoY; diluted EPS $0.66 (down 70.7% YoY) — both above guidance range.
Avnet elects Virginia Henkels and Helmut Gassel to board; both join Audit Committee
Henkels, former CFO of Swift Transportation and Honeywell exec, brings finance and accounting expertise.
Avnet Q4 sales $5.6B, adjusted EPS $1.22; YoY sales down 15.1%, EPS down 40.8%
Q4 sales $5.56B (-15.1% YoY); GAAP diluted EPS $0.91 (-45.8%); adjusted diluted EPS $1.22 (-40.8%).
Avnet Q3 FY2024 sales down 13% YoY to $5.7B, EPS $0.97
Sales $5.65B, down 13.2% YoY; GAAP diluted EPS $0.97 vs $2.03.
Effective on August 15, 2024, the Board of Directors of Avnet, Inc. (the “Company”) elected Virginia L. Henkels and Helmut Gassel to serve as directors of the Company.
Effective on August 15, 2024, the Board of Directors of Avnet, Inc. (the “Company”) elected Virginia L. Henkels and Helmut Gassel to serve as directors of the Company.
Max materiality 0.85 · Median 0.65 · Most common event earnings