AVT News & Events

Sees Q3 revenue $6.2B-$6.5B, consensus $5.85B. The company said, "The above guidance implies better-than-typical sequential sales growth of approximately 1% at the midpoint and assumes sales growth in the Americas and EMEA, and a less-than-typical sales decline in Asia driven by the Lunar New Year. The above guidance also excludes restructuring, integration and other expenses, foreign currency gains and losses, and certain income tax adjustments. The above guidance assumes similar interest expense to the second quarter of fiscal 2026 and an adjusted effective tax rate of between 21% and 25%."

Reports Q2 revenue $6.32B, consensus $6.03B. "We delivered year-over-year sales growth across all of our Electronic Components regions and Farnell, and both total Company revenue and earnings per share were above our expectations. Sequentially, our adjusted operating income grew two times faster than sales, demonstrating the expected leverage in our business model. Our team's continued commitment to optimizing inventory and driving operational excellence also enabled us to generate operating cash flow and reduce days of inventory this quarter," said Avnet Chief Executive Officer Phil Gallagher. "The trends we see are encouraging, and our third quarter outlook implies above-trend seasonal growth and improving margins."