Avnet 2026 Q1 Earnings Revenue Beats Estimates, Adjusted EPS of $0.84

Avnet reported Q1 2026 results with revenue and adjusted earnings exceeding expectations. , aligning with the midpoint of the consensus forecast.

Revenue

Electronic Components drove the majority of the revenue, contributing $5.5 billion, . Combined, these segments accounted for nearly 98% of total revenue, reflecting robust demand in Asia and the Americas.

Earnings/Net Income

Avnet’s GAAP EPS declined 7.5% to $0.62, with net income falling 12.2% to $51.74 million. However, adjusted EPS of $0.84 surpassed consensus estimates, highlighting operational resilience despite margin pressures.

Post-Earnings Price Action Review



. The mixed performance reflects investor skepticism amid market uncertainties, despite the earnings beat. Analysts note the Zacks Rank #4 (Sell) rating, underscoring expectations of underperformance relative to the broader market.

CEO Commentary

CEO Phil Gallagher emphasized “double-digit growth in Farnell and Asia” as key drivers, reiterating confidence in Avnet’s durable business model and long-term value creation potential.

Guidance

The company expects Q2 2026 sales of $5.85B–$6.15B (midpoint $6.00B) and adjusted diluted EPS of $0.90–$1.00 (midpoint $0.95). The outlook assumes sequential growth in Americas and Asia, flat Europe, and a 21%–25% effective tax rate.

Additional News

, representing 3.2% of outstanding shares, . The company also priced a $550 million convertible debt offering to fund strategic initiatives. Management highlighted progress in Asia and Americas, .

Polished Article

Avnet’s Q1 2026 results underscored its resilience in a volatile market, with revenue growth outpacing expectations and adjusted earnings reflecting operational efficiency. The company’s strategic focus on Asia and Farnell, coupled with shareholder returns, positions it to navigate near-term challenges. Investors remain cautious, however, as broader market dynamics and Zacks’ bearish rating temper optimism.

<img src="https://cdn.ainvest.com/aigc/hxcmp/images/compress-aime_generated_1761824555129.jpg.png" style="max-width:100%;">