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How Avnet (AVT) makes money
Avnet (AVT) made $10.7B of revenue in the first quarter fiscal 2027 (Q1 FY27), +82% from a year earlier. Of every dollar of revenue, 10¢ was left as gross profit, 4¢ was left as operating profit, 3¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q1 FY27 | % of revenue |
|---|---|---|
| Revenue | $10.7B | 100.0% |
| Cost of revenue | $9.6B | 90.0% |
| Gross profit | $1.1B | 10.0% |
| Operating expenses | $599M | 5.6% |
| Operating profit | $475M | 4.4% |
| Income tax | $89.5M | 0.8% |
| Net earnings | $282M | 2.6% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q1 FY27 | $10.7B | +82% |
| Q4 FY26 | $8.3B | +48% |
| Q3 FY26 | $7.1B | +34% |
| Q2 FY26 | $6.3B | +12% |
| Q1 FY26 | $5.9B | +5% |
| Q4 FY25 | $5.6B | +1% |
| Q3 FY25 | $5.3B | -6% |
From Avnet's 10-Q filed Nov 6, 2026 (on EDGAR).
Questions
How does Avnet make money?
Avnet (AVT) made $10.7B of revenue in the first quarter fiscal 2027 (Q1 FY27), +82% from a year earlier. Of every dollar of revenue, 10¢ was left as gross profit, 4¢ was left as operating profit, 3¢ was left as net earnings.
What is Avnet's profit margin?
Net earnings were $282M, 2.6% of revenue, in the first quarter fiscal 2027; the operating margin was 4.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.