Filing Flows › Avnet (AVT) › Q1 FY26
Avnet (AVT) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Oct 31, 2025
Avnet (AVT) reported revenue of $5.9B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +5% from the quarter before. Operating margin was 2.4%, net earnings $51.7M (0.9% of revenue).
Avnet, Q1 FY26: revenue $5.9B (+5% year over year), operating margin 2.4%, net earnings $51.7M, operating cash flow −$145M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.9B | +5% | +5% |
| Gross profit | $615M | +4% | +1% |
| Operating profit | $142M | +93% | -0.1% |
| Net earnings | $51.7M | +750% | -12% |
| Operating cash flow | −$145M | -204% | — |
What changed
Revenue was $5.9B in Q1 FY26, up 5% year over year and up 5% from the previous quarter.
Gross margin was 10.4%, down 0.4 points from a year earlier. Operating profit was $0.14B, a 2.4% margin (down 0.1 points year over year). Operating profit fell $193K even though revenue rose $0.29B versus a year earlier, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 5%. Net earnings were $0.05B, down 12% year over year. The effective tax rate was 32.6%.
Operating cash flow was −$0.14B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.22B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.17B.
Questions
What was Avnet's revenue in the first quarter fiscal 2026?
Avnet (AVT) reported revenue of $5.9B for the first quarter fiscal 2026 (Q1 FY26), +5% from a year earlier and +5% from the quarter before.
Was Avnet profitable in the first quarter fiscal 2026?
Operating profit was $142M (2.4% of revenue) and net earnings $51.7M.
Source: Avnet 10-Q on SEC EDGAR.