Avnet Inc (Nasdaq: AVT) closed at $52.68, up 2.53% on the day, after the company reported second-quarter results for fiscal 2026. Market capitalization: USD 4.19 billion.
Latest quarterly results (Q2 FY26)
Consolidated sales: $6,319.0 million.
Net income (GAAP): $61.7 million.
Year-over-year revenue change: +11.6%.
Year-over-year net income change: -29.2%.
Segment highlights (figures only):
Electronic Components (EC) sales: $5,891.9 million; EC operating income margin: 3.2%.
Farnell sales: $427.1 million; Farnell operating income margin: 4.7%.
Geographic sales: Americas $1,435.3 million; EMEA $1,714.0 million; Asia $3,169.7 million.
Financial trends
Full-year results context
Annual revenue: $22,200.8 million (fiscal 2025).
Annual net income: $240.2 million (fiscal 2025).
Directional trends: annual revenue and net income contracted year over year.
Business & operations update
Generated $208 million of cash flow from operations in Q2 FY26.
Reduced inventories by $126 million and lowered days of inventory to 86 days.
Returned $28 million to shareholders in dividends during the quarter.
Available committed lines of credit reported at $1.7 billion.
M&A or strategic moves
No material acquisitions or divestitures were announced in the quarter.
Equity analyst commentary
Institutional research noted the company reported higher quarterly sales and provided a range for third-quarter sales and adjusted diluted EPS. Analysts highlighted the company’s regional revenue mix and working capital moves as key data points.
Guidance & outlook — what to watch for
Company-issued guidance for Q3 FY26: sales range $6.20 billion to $6.50 billion; adjusted diluted EPS range $1.20 to $1.30.
What to watch for: actual Q3 sales and adjusted EPS versus the guidance midpoint; regional sales trends, particularly in Asia; inventory levels and cash flow.
Performance summary
Shares closed up 2.53% at $52.68.
Reported Q2 revenue of $6.319 billion and GAAP net income of $61.7 million.
Electronic Components and Farnell segments reported year-over-year revenue increases.
The company reported working capital improvements and a reduction in inventory days in the quarter. Cash generation and available committed credit provide near-term liquidity headroom. Market attention is likely to focus on the third-quarter trading range and any variance in regional demand indicators.