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Avnet (AVT) earnings and revenue breakdown
Latest: Q1 FY27 · 10-Q filed Nov 6, 2026 · Avnet (AVT) Q1 FY27 earnings results →
Q1 FY27 Revenue up 82% year over year to $10.7B · 3¢ of every $1 of revenue kept as net profit · operating margin 4.4%
Avnet made $10.7B in Q1 FY27 (+82% Y/Y). Operating margin 4.4%, net earnings $282M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $10.7B in Q1 FY27, up 82% year over year and up 29% from the previous quarter.
Gross margin was 10.0%, down 0.4 points from Q1 FY26. Operating profit was $0.47B, a 4.4% margin (up 2.0 points year over year). Of the extra revenue versus Q1 FY26, 7% reached operating profit, above the 2% margin then. Operating expenses grew 27% against revenue growth of 82%. The fastest-growing cost line was Other operating costs (+177%). Net earnings were $0.28B, up 445% year over year. The effective tax rate was 24.1%.
Operating cash flow was −$0.84B. Non-cash charges added back $0.02B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $1.2B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.87B.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q1 FY27 | 10-Q | Nov 6, 2026 | $10.7B | +82% | 4.4% | $282M | −$842M |
| Q4 FY26 | 10-K | Aug 14, 2026 | $8.3B | +48% | 2.8% | $127M | −$291M |
| Q3 FY26 | 10-Q | May 1, 2026 | $7.1B | +34% | 2.9% | $94.3M | −$53.8M |
| Q2 FY26 | 10-Q | Jan 30, 2026 | $6.3B | +12% | 2.3% | $61.7M | $208M |
| Q1 FY26 | 10-Q | Oct 31, 2025 | $5.9B | +5% | 2.4% | $51.7M | −$145M |
| Q4 FY25 | 10-K | Aug 15, 2025 | $5.6B | +1% | 1.3% | $6.1M | $139M |
| Q3 FY25 | 10-Q | May 2, 2025 | $5.3B | -6% | 2.7% | $87.9M | $141M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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Customers and suppliers named in filings
Buys from
- GSIT — 51% of the supplier’s revenue · Stated in 10-K (sentence) · source
- NXPI — 23% of the supplier’s revenue · Stated in 10-K (sentence) · source
About Avnet
Avnet, Inc. and its consolidated subsidiaries (collectively, the “Company” or “Avnet”), is a leading global electronic component technology distributor and solutions provider that has served customers’ evolving needs for more than a century. Founded in 1921, the Company works with electronic component manufacturers (suppliers) in every major electronic component segment to serve customers in more than 140 countries. Avnet serves a wide range of customers: from startups and mid-sized businesses to enterprise-level original equipment manufacturers (“OEMs”), electronic manufacturing services (“EMS”) providers, and original design manufacturers (“ODMs”).
In its own words, from its 10-K, filed Aug 14, 2026.
Avnet against its Wholesale-Electronic Parts & Equipment, NEC peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +82% against the peers' median +20%. Operating margin: 4.4% against the peers' median 7.9%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| AVT Avnet | Q1 FY27 | $10.7B | +82% | 4.4% |
| ARW Arrow Electronics | Q3 2026 | $10.7B | +39% | 4.0% |
| TEL TE Connectivity | Q4 FY26 | $5.3B | +12% | 20.6% |
| EACO Eaco | Q4 FY26 | $164M | +34% | 13.0% |
| RELL Richardson Electronics | Q1 FY27 | $64.9M | +19% | 7.9% |
| SPRS Surge Components | Q3 FY26 | $10.1M | -2% | 2.4% |
| FSTJ First America Resources | Q2 2026 | $5.8M | +20% | 9.4% |
| UUU Universal Safety Products | Q1 FY27 | $110K | -97% | -672.9% |
Source: Avnet 10-Q on SEC EDGAR · CIK 8858 · Wholesale-Electronic Parts & Equipment, NEC
Guidance and outlook
13F: who owns AVT and who is buying
More on AVT
History
Every quarter: Q1 FY27 results · Q4 FY26 results · Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results