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Earnings Score 45 Bullish

Avnet Reports Strong Q3 Growth with Revenue Surge to $7.1 Billion

Apr 29, 2026 12:40 UTC
AVT
Short term

Avnet, Inc. posted a year-over-year increase in both net income and revenue for its third quarter. The company provided optimistic guidance for the upcoming period, signaling continued expansion.

  • Q3 Revenue: $7.119 billion (up 33.9%)
  • Q3 Net Income: $94.3 million
  • GAAP EPS: $1.14 vs $1.01 last year
  • Adjusted EPS: $1.48
  • Next Quarter EPS Guidance: $1.70 - $1.80
  • Next Quarter Revenue Guidance: $7.30B - $7.60B

Avnet, Inc. (AVT) has announced its third-quarter financial results, highlighting a substantial increase in top-line growth and a rise in bottom-line profitability compared to the previous year. The results reflect a period of aggressive expansion for the electronic components distributor, with revenue climbing significantly as the company scales its operations and captures more market share. For the quarter, the company reported net income of $94.3 million, or $1.14 per share, an increase from the $87.9 million, or $1.01 per share, recorded in the same period last year. On an adjusted basis, excluding specific items, Avnet reported earnings of $122.5 million, or $1.48 per share. Revenue growth was particularly pronounced, rising 33.9% to $7.119 billion, compared to $5.315 billion in the prior year's third quarter. Looking ahead, Avnet issued positive guidance for the next quarter, projecting earnings per share to fall between $1.70 and $1.80. The company expects revenue for the upcoming period to range between $7.30 billion and $7.60 billion, suggesting a sustained growth trajectory into the next phase of the fiscal year.

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