Avnet — Supply Chain & Business Relationships

​ Record quarterly sales of $8.3 billion with nearly 50% year-over-year sales growth and significant margin expansion ​ Electronic Components operating margin of 4.1% on record sales of $7.8 billion ​ Farnell operating margin of 9.0% on record sales of $500 million PHOENIX – August 5, 2026 – Avnet, Inc.

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(Nasdaq: AVT ) today announced results for its fourth quarter and fiscal year 2026 ended June 27, 2026. “Our fourth quarter results underscore the strength of Avnet’s business model and the impact of our disciplined execution and long-term strategy. We delivered record sales while growing profitability at more than two and a half times the rate of sales growth, demonstrating the operating leverage in our business model. Momentum continues to build across all regions, end markets and customer segments, giving us increasing confidence in our competitive position,” said Avnet Chief Executive Officer Phil Gallagher. “As demand improves and mass market activity continues to accelerate, we are entering fiscal 2027 with great momentum.

Achieved record sales in Electronic Components Sales growth of 34% year over year driven by strength in served markets across all regions Sequential operating income grew more than two times sales Sequential diluted EPS grew more than three times sales PHOENIX – April 29, 2026 – Avnet, Inc. (Nasdaq: AVT ) today announced results for its third quarter ended March 28, 2026.

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“Sales and earnings exceeded our expectations, with double-digit sales growth both sequentially and year over year. Our team is executing well, driving improved operating margins and leverage, supported by continued disciplined cost management and inventory optimization. The investments we have made in our capabilities and digital infrastructure are paying off,” said Avnet Chief Executive Officer Phil Gallagher. “We see the momentum building in our business, indicative of broadening strength across all regions in our core markets.

Achieved year-over-year and quarter-over-quarter sales growth across all regions, led by Asia Exceeded high end of sales and adjusted EPS guidance ranges Diluted EPS of $0.75 and Adjusted diluted EPS of $1.05 Generated $208 million of cash flow from operations PHOENIX – January 28, 2026 – Avnet, Inc. (Nasdaq: AVT ) today announced results for its second quarter ended December 27, 2025.

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“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.

First quarter sales of $5.9 billion and diluted EPS of $0.61 Adjusted diluted EPS of $0.84 Return to year-over-year sales growth in the Americas PHOENIX – October 29, 2025 – Avnet, Inc. (Nasdaq: AVT ) today announced results for its first quarter ended September 27, 2025.

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“In the first quarter, our sales and earnings exceeded our expectations, led by double-digit year-over-year sales growth in Farnell and Asia,” said Avnet Chief Executive Officer Phil Gallagher. “While uncertainty continues to impact the market, we remain optimistic about the increasingly positive signs of recovery.

Fourth quarter sales of $5.6 billion and diluted EPS of $0.07 Adjusted diluted EPS of $0.81 for the fourth quarter Farnell returns to year-over-year sales and operating income margin growth PHOENIX – August 6, 2025 – Avnet, Inc. (Nasdaq: AVT ) today announced results for its fourth quarter and fiscal year 2025 ended June 28, 2025.

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“In fiscal year 2025, we executed well given the overall market environment, and I want to express my gratitude to our team for their dedication in supporting our supplier and customer partners. Thanks to their efforts, we managed costs effectively and made progress on working capital optimization to enhance operating cash flow,” said Avnet Chief Executive Officer Phil Gallagher. “We remain optimistic about the recovery led by steady growth in our Asia region and the return of Farnell to year-over-year growth, which enabled us to surpass the high end of our fourth-quarter sales and earnings guidance. We are encouraged by these positive signals as we start the new fiscal year.” Fiscal Fourth Quarter Key Financial Highlights: ● Sales of $5.6 billion, compared with $5.6 billion in the prior year quarter.