Avnet

Q4 FY2026 EarningsFY26 results delivered a top-line beat with revenue of $27.63B vs. $26.86B expected, driven by 24.5% YoY growth and strong demand in Asia. Adjusted EPS of $5.16 slightly exceeded the $5.13 consensus, despite a significant miss in GAAP effective tax rate (28.5% vs. 23.1% expected) and a $135M restructuring charge. Cash from operations was a major outlier at -$280.9M (vs. +$23.2M expected) due to aggressive inventory building. Management's Q1 FY27 guidance of ~10% QoQ revenue growth suggests continued momentum in the Electronic Components segment.