Filing Flows › Avnet (AVT) › Q1 FY27
Avnet (AVT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Nov 6, 2026
Avnet (AVT) reported revenue of $10.7B for the first quarter fiscal 2027 (Q1 FY27), +82% from a year earlier and +29% from the quarter before. Operating margin was 4.4%, net earnings $282M (2.6% of revenue).
Avnet, Q1 FY27: revenue $10.7B (+82% year over year), operating margin 4.4%, net earnings $282M, operating cash flow −$842M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $10.7B | +29% | +82% |
| Gross profit | $1.1B | +24% | +75% |
| Operating profit | $475M | +105% | +234% |
| Net earnings | $282M | +123% | +445% |
| Operating cash flow | −$842M | — | — |
What changed
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.
Questions
What was Avnet's revenue in the first quarter fiscal 2027?
Avnet (AVT) reported revenue of $10.7B for the first quarter fiscal 2027 (Q1 FY27), +82% from a year earlier and +29% from the quarter before.
Was Avnet profitable in the first quarter fiscal 2027?
Operating profit was $475M (4.4% of revenue) and net earnings $282M.
Source: Avnet 10-Q on SEC EDGAR.