Filing Flows › Avnet (AVT) › Q3 FY26
Avnet (AVT) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed May 1, 2026
Avnet (AVT) reported revenue of $7.1B for the third quarter fiscal 2026 (Q3 FY26), +34% from a year earlier and +13% from the quarter before. Operating margin was 2.9%, net earnings $94.3M (1.3% of revenue).
Avnet, Q3 FY26: revenue $7.1B (+34% year over year), operating margin 2.9%, net earnings $94.3M, operating cash flow −$53.8M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.1B | +13% | +34% |
| Gross profit | $739M | +11% | +26% |
| Operating profit | $206M | +41% | +43% |
| Net earnings | $94.3M | +53% | +7% |
| Operating cash flow | −$53.8M | -126% | -138% |
What changed
Revenue was $7.1B in Q3 FY26, up 34% year over year and up 13% from the previous quarter.
Gross margin was 10.4%, down 0.7 points from Q3 FY25. Operating profit was $0.21B, a 2.9% margin (up 0.2 points year over year). Of the extra revenue versus Q3 FY25, 3% reached operating profit, above the 3% margin then. Operating expenses grew 20% against revenue growth of 34%. The fastest-growing cost line was Other operating costs (+62%). Net earnings were $0.09B, up 7% year over year. The effective tax rate was 32.9%.
Operating cash flow was −$0.05B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.18B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.07B.
Questions
What was Avnet's revenue in the third quarter fiscal 2026?
Avnet (AVT) reported revenue of $7.1B for the third quarter fiscal 2026 (Q3 FY26), +34% from a year earlier and +13% from the quarter before.
Was Avnet profitable in the third quarter fiscal 2026?
Operating profit was $206M (2.9% of revenue) and net earnings $94.3M.
Source: Avnet 10-Q on SEC EDGAR.