Avnet, Inc. (AVT) reported third-quarter fiscal 2026 earnings of $1.48 per share, surpassing the Zacks Consensus Estimate by 11.28% and reflecting a 76.2% year-over-year increase. Net sales reached $7.12 billion, a 34% rise compared to the previous year, exceeding expectations by 12.09%.
For the Electronic Components segment, sales rose 34.7% to $6.67 billion, with operating income margins improving to 3.5%. Regional sales showed significant growth: Asia increased 39.3% to $3.46 billion, EMEA climbed 31.3% to $2.05 billion, and the Americas grew by 26.7% to $1.62 billion. Management sees continued sequential revenue growth projected at $7.30-$7.60 billion for the fourth quarter.
As of March 28, 2026, Avnet’s cash and cash equivalents totaled $202.4 million, while long-term debt remained at $2.47 billion. The company generated operating cash flow of $9.8 million year-to-date, with plans for share repurchases and dividends amounting to $138.3 million and $85.6 million, respectively.
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