Filing Flows › Avnet (AVT) › Q4 FY26
Avnet (AVT) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Aug 14, 2026
Avnet (AVT) reported revenue of $8.3B for the fourth quarter fiscal 2026 (Q4 FY26), +48% from a year earlier and +17% from the quarter before. Operating margin was 2.8%, net earnings $127M (1.5% of revenue).
Avnet, Q4 FY26: revenue $8.3B (+48% year over year), operating margin 2.8%, net earnings $127M, operating cash flow −$291M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.3B | +17% | +48% |
| Gross profit | $865M | +17% | +46% |
| Operating profit | $231M | +12% | +215% |
| Net earnings | $127M | +34% | 21× |
| Operating cash flow | −$291M | — | -308% |
What changed
Revenue was $8.3B in Q4 FY26, up 48% year over year and up 17% from the previous quarter.
Gross margin was 10.4%, down 0.1 points from Q4 FY25. Operating profit was $0.23B, a 2.8% margin (up 1.5 points year over year). Of the extra revenue versus Q4 FY25, 6% reached operating profit, above the 1% margin then. Operating expenses grew 22% against revenue growth of 48%. The fastest-growing cost line was Other operating costs (+25%). Net earnings were $0.13B, up 1979% year over year. The effective tax rate was 21.0%.
Operating cash flow was −$0.29B. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.45B. Capital expenditures of $0.02B exceeded it, leaving free cash flow of −$0.31B.
Questions
What was Avnet's revenue in the fourth quarter fiscal 2026?
Avnet (AVT) reported revenue of $8.3B for the fourth quarter fiscal 2026 (Q4 FY26), +48% from a year earlier and +17% from the quarter before.
Was Avnet profitable in the fourth quarter fiscal 2026?
Operating profit was $231M (2.8% of revenue) and net earnings $127M.
Source: Avnet 10-K on SEC EDGAR.