Filing Flows › Avnet (AVT) › Q2 FY26
Avnet (AVT) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jan 30, 2026
Avnet (AVT) reported revenue of $6.3B for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +7% from the quarter before. Operating margin was 2.3%, net earnings $61.7M (1.0% of revenue).
Avnet, Q2 FY26: revenue $6.3B (+12% year over year), operating margin 2.3%, net earnings $61.7M, operating cash flow $208M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.3B | +7% | +12% |
| Gross profit | $663M | +8% | +11% |
| Operating profit | $146M | +3% | -6% |
| Net earnings | $61.7M | +19% | -29% |
| Operating cash flow | $208M | — | -38% |
| Free cash flow | $193M | — | -37% |
What changed
Revenue was $6.3B in Q2 FY26, up 12% year over year and up 7% from the previous quarter.
Gross margin was 10.5%, unchanged from a year earlier. Operating profit was $0.15B, a 2.3% margin (down 0.4 points year over year). Operating profit fell $0.01B even though revenue rose $0.66B versus a year earlier, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 12%. The fastest-growing cost line was Other operating costs (+563%). Net earnings were $0.06B, down 29% year over year. The effective tax rate was 31.3%.
Operating cash flow was $0.21B (down 38% year over year), 337% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items added $0.11B. Capital expenditures of $0.02B left free cash flow of $0.19B.
Questions
What was Avnet's revenue in the second quarter fiscal 2026?
Avnet (AVT) reported revenue of $6.3B for the second quarter fiscal 2026 (Q2 FY26), +12% from a year earlier and +7% from the quarter before.
Was Avnet profitable in the second quarter fiscal 2026?
Operating profit was $146M (2.3% of revenue) and net earnings $61.7M.
Source: Avnet 10-Q on SEC EDGAR.