Avnet Financial Statements
NASDAQ: AVTTechnologyElectronic ComponentsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Avnet revenue and earnings
In fiscal 2026, Avnet generated $27.63 billion in revenue, up 24.5% from fiscal 2025. Net income was $334.4 million (+39.2% year over year), for a net margin of 1.2% versus a median of 2.1% in the prior 5 years. Gross margin was 10.4% (down from 10.7%) and operating margin 2.6%.
Diluted earnings per share came in at $4.01, up from $2.75. Over the last 5 fiscal years, AVT's revenue has grown at a 7.2% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Avnet income statement (annual)
| Fiscal year (USD) | FY 20262026-06-27 | FY 20252025-06-28 | FY 20242024-06-29 | FY 20232023-07-01 | FY 20222022-07-02 | FY 20212021-07-03 | FY 20202020-06-27 | FY 20192019-06-29 | FY 20182018-06-30 | FY 20172017-07-01 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 27.63B | 22.20B | 23.76B | 26.54B | 24.31B | 19.53B | 17.63B | 19.52B | 19.04B | 17.44B |
| Revenue growth (YoY) | +24.47% | -6.55% | -10.48% | +9.16% | +24.45% | +10.78% | -9.65% | +2.53% | +9.16% | +4.18% |
| Cost of Revenue | 24.75B | 19.82B | 20.99B | 23.35B | 21.35B | 17.29B | 15.57B | 17.03B | 16.51B | 15.07B |
| Gross Profit | 2.88B | 2.38B | 2.77B | 3.18B | 2.97B | 2.24B | 2.06B | 2.49B | 2.53B | 2.37B |
| Operating Expenses | 2.16B | 1.87B | 1.92B | 2.00B | 2.03B | 1.96B | 2.07B | 2.12B | 2.32B | 1.93B |
| Selling, General & Admin | 2.02B | 1.76B | 1.87B | 1.97B | 1.99B | 1.87B | 1.84B | 1.87B | 1.99B | 1.79B |
| Operating Income | 724.78M | 514.25M | 844.37M | 1.19B | 939.01M | 281.41M | -4.63M | 365.91M | 209.22M | 443.70M |
| Interest Expense | 250.72M | 246.40M | 282.87M | 250.87M | 100.38M | 89.47M | 122.74M | 134.87M | 92.75M | 99.58M |
| Other Income (Expense) | -6.63M | -17.28M | -15.74M | 9.91M | -5.30M | -19.01M | -2.21M | 5.56M | 28.61M | -33.72M |
| Pretax Income | 467.44M | 250.57M | 632.26M | 982.88M | 833.33M | 172.93M | -129.59M | 236.60M | 145.08M | 310.40M |
| Income Tax | 133.05M | 10.35M | 133.56M | 212.05M | 140.96M | -20.18M | -98.50M | 60.26M | 287.97M | 47.05M |
| Net Income | 334.39M | 240.22M | 498.70M | 770.83M | 692.38M | 193.11M | -31.08M | 176.34M | -156.42M | 525.28M |
| Net Income growth (YoY) | +39.20% | -51.83% | -35.30% | +11.33% | +258.53% | — | -117.63% | — | -129.78% | +3.70% |
| EPS (Basic) | 4.07 | 2.78 | 5.51 | 8.37 | 7.02 | 1.95 | -0.31 | 1.61 | -1.30 | 4.13 |
| EPS (Diluted) | 4.01 | 2.75 | 5.43 | 8.26 | 6.94 | 1.93 | -0.31 | 1.59 | -1.30 | 4.08 |
| Shares Outstanding (Basic) | 82.16M | 86.27M | 90.57M | 92.04M | 98.66M | 99.26M | 100.47M | 109.82M | 119.91M | 127.03M |
| Shares Outstanding (Diluted) | 83.42M | 87.41M | 91.84M | 93.37M | 99.82M | 100.17M | 100.47M | 110.80M | 119.91M | 128.65M |
| EBITDA | 801.57M | 585.87M | 931.08M | 1.28B | 1.04B | 413.31M | 177.57M | 546.71M | 444.12M | 599.10M |
| Gross Margin | 10.43% | 10.74% | 11.64% | 11.99% | 12.20% | 11.47% | 11.70% | 12.74% | 13.28% | 13.59% |
| Operating Margin | 2.62% | 2.32% | 3.55% | 4.47% | 3.86% | 144.00% | -3.00% | 1.87% | 110.00% | 2.54% |
| Net Margin | 121.00% | 108.00% | 2.10% | 2.90% | 2.85% | 99.00% | -18.00% | 90.00% | -82.00% | 3.01% |
This table shows 10 annual periods of Avnet's income statement, from FY 2026 back to FY 2017, across 19 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow AVT's reporting calendar. What is a income statement?