---
title: "Avnet Reports Q3 Fiscal 2026: $7.12B Revenue, $1.48 Adjusted Diluted EPS"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284569607.md"
description: "Avnet reported Q3 fiscal 2026 results with $7.12 billion in revenue, a 34% year-over-year increase. Adjusted diluted EPS rose 76% to $1.48, while GAAP diluted EPS was $1.14. Operating income reached $205.5 million, with a margin of 2.9%. The Electronic Components segment saw record sales of $6.67 billion, and Farnell achieved double-digit growth. The company improved inventory days to 77 and returned $29 million to shareholders in dividends."
datetime: "2026-04-29T12:13:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284569607.md)
  - [en](https://longbridge.com/en/news/284569607.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284569607.md)
---

# Avnet Reports Q3 Fiscal 2026: $7.12B Revenue, $1.48 Adjusted Diluted EPS

Avnet reported third-quarter fiscal 2026 results with sales of $7.12 billion, up 34% year over year and 13% sequentially, and GAAP diluted EPS of $1.14. Adjusted diluted EPS was $1.48, a 76% increase year over year and 41% sequentially, while operating income rose to $205.5 million and adjusted operating income to $220.6 million. The company cited broad regional strength across Electronic Components and Farnell, inventory improvement and sequential margin expansion.

**Financial Highlights**

-   Revenue: $7,119.8 million for the third quarter (34.0% year-over-year; 12.7% sequential).
-   Gross profit: $739.1 million for the quarter (reported in consolidated statements of operations).
-   Operating income (GAAP): $205.5 million for the quarter; Operating income margin: 2.9%.
-   Net income (GAAP): $94.3 million for the quarter; GAAP diluted EPS: $1.14.
-   Adjusted diluted EPS (non-GAAP): $1.48 for the quarter; Adjusted operating income: $220.6 million; Adjusted operating income margin: 3.1%.

**Business Highlights**

-   Electronic Components segment delivered record sales of $6,665.1 million, up 34.7% year over year and up 13.1% sequentially, with an operating margin of 3.5%.
-   Farnell achieved its third consecutive quarter of double-digit year-over-year sales growth; Farnell sales were $454.7 million with operating margin expanding to 5.2%.
-   Sales grew across all geographic regions: Americas, EMEA and Asia each reported year-over-year and sequential increases, with Asia the largest region at $3,458.5 million in sales for the quarter.
-   Working capital and inventory actions improved days of inventory to 77 days overall and below 70 days in the Electronic Components business for the quarter.
-   Returned cash to shareholders via dividends of $29 million for the quarter and prioritized inventory optimization while supporting sales growth.

Original SEC Filing: AVNET INC \[ AVT \] - 8-K - Apr. 29, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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