--- title: "Avnet | 8-K: FY2026 Revenue Misses Estimate at USD 8.295 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/294963572.md" datetime: "2026-08-05T12:05:24.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294963572.md) - [en](https://longbridge.com/en/news/294963572.md) - [zh-HK](https://longbridge.com/zh-HK/news/294963572.md) --- # Avnet | 8-K: FY2026 Revenue Misses Estimate at USD 8.295 B Revenue: As of FY2026, the actual value is USD 8.295 B, missing the estimate of USD 26.86 B. EPS: As of FY2026, the actual value is USD 1.49, missing the estimate of USD 4.07. EBIT: As of FY2026, the actual value is USD 226.61 M. ### Fiscal Fourth Quarter 2026 Key Financial Highlights #### Operational Metrics Operating income for the quarter was $231.0 million, representing a 214.5% increase year over year . The operating income margin was 2.8%, expanding 147 basis points year over year . Adjusted operating income reached $317.9 million, up 122.5% year over year, with an adjusted operating income margin of 3.8%, expanding 129 basis points year over year . The Electronic Components (EC) operating margin was 4.1%, and Farnell operating margin was 9.0% . Gross profit for the quarter was $865,032 thousand . Selling, general and administrative expenses amounted to $547,506 thousand . Restructuring, integration, and other expenses were $86,507 thousand . Other expense, net, was - $4,405 thousand . Interest and other financing expenses, net, were - $66,456 thousand . Income before taxes was $160,158 thousand, with an income tax expense of $33,579 thousand . Net income reached $126,579 thousand . #### Inventory Inventory days declined by 6 days to 71 quarter over quarter . EC inventory days declined by 5 days to under 65 days, and Farnell inventory days declined by 10 days to under 200 days . #### Shareholder Returns Avnet, Inc. returned $29 million to shareholders in dividends during the quarter . Cash dividends paid per common share were $0.35 . ### Fiscal Year 2026 Key Financial Highlights #### Operational Metrics Operating income margin for fiscal year 2026 was 2.6%, compared with 2.3% in the prior year . Adjusted operating income margin was 3.1%, expanding 31 basis points year over year . GAAP operating income was $724,782 thousand, and adjusted operating income was $860,945 thousand . Net income for the year was $334,389 thousand . Gross profit was $2,881,896 thousand . Selling, general and administrative expenses were $2,022,408 thousand . Restructuring, integration, and other expenses totaled $134,706 thousand . Other expense, net, was - $6,631 thousand . Interest and other financing expenses, net, were - $250,715 thousand . Income before taxes was $467,436 thousand, with an income tax expense of $133,047 thousand . #### Segment Operating Income For Electronic Components, gross profit was $2,388.2 million (9.2% gross profit margin), and operating income was $898.5 million (3.5% operating income margin) . For Farnell, gross profit was $493.7 million (27.7% gross profit margin), and operating income was $105.7 million (5.9% operating income margin) . Total reportable segment operating income was $1,004.1 million . Corporate selling, general and administrative expenses were - $143.2 million, restructuring, integration, and other expenses were - $134.7 million, and amortization of acquired intangible assets was - $1.5 million . #### Inventory Inventory days for the fiscal year were 81, a decrease of 18 days year over year . #### Cash Flow Net cash flows from operating activities for fiscal year 2026 were - $280,925 thousand . Cash and cash equivalents at the end of the period were $155,396 thousand . #### Shareholder Returns Avnet, Inc. returned $138 million to shareholders from share repurchases, representing 3.2% of shares outstanding . The company also returned $114 million to shareholders in dividends . Cash dividends paid per common share were $1.40 . ### Outlook / Guidance Avnet, Inc. projects first quarter fiscal 2027 sales to be between $9.00 billion and $9.30 billion, with a midpoint of $9.15 billion . Adjusted diluted EPS is forecasted to range from $2.80 to $2.90, with a midpoint of $2.85 . 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