Avnet, Inc. (AVT) Income Statement
AVT FY2026 at a glance
Fiscal year ended June 30, 2026 · U.S. dollarsAVT revenue and net income
Where AVT's revenue goes
FY2026Each bar shows an amount and its share of revenue. AVT kept 1.2% of revenue as net income.
AVT profit margins
AVT growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +24.5% | +1.4% | +7.2% | +5.1% |
| Gross profit | +20.8% | −3.2% | +5.2% | +3.3% |
| Operating income | +38.1% | −10.2% | +25.0% | +4.1% |
| Net income | +39.2% | −24.3% | +11.6% | −4.1% |
| EPS (diluted) | +64.2% | −11.2% | +15.9% | +3.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
AVT quarterly EPS vs estimates
Avnet beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 4, 2026 (estimate $2.86).
AVT income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $27.63B | $22.20B | $23.76B | $26.54B | $24.31B | $19.53B | $17.63B | $19.52B | $19.04B | $17.44B |
| 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 |
| Research & development | — | — | — | — | — | — | — | — | $0 | $0 |
| Sales, general & admin | $2.02B | $1.76B | $1.87B | $1.97B | $1.99B | $1.87B | $1.84B | $1.87B | $1.97B | $1.79B |
| Total operating expenses | $2.02B | $1.76B | $1.92B | $2.00B | $2.03B | $1.96B | $2.07B | $2.12B | $2.32B | $1.93B |
| Operating income | $859.5M | $622.6M | $844.4M | $1.19B | $939.0M | $281.4M | −$4.6M | $365.9M | $209.2M | $443.7M |
| Interest income | — | — | — | — | — | — | — | — | $90.0M | — |
| Interest expense | $253.1M | $250.5M | $282.9M | $250.9M | $100.4M | $89.5M | $122.7M | $134.9M | $92.7M | $99.6M |
| Income before taxes | $467.4M | $250.6M | $632.3M | $982.9M | $833.3M | $172.9M | −$129.6M | $236.6M | $145.1M | $310.4M |
| Income taxes | $133.0M | $10.4M | $133.6M | $212.0M | $141.0M | −$20.2M | −$98.5M | $60.3M | $288.0M | $47.1M |
| Net income | $334.4M | $240.2M | $498.7M | $770.8M | $692.4M | $193.1M | −$31.1M | $176.3M | −$156.4M | $525.3M |
| EBITDA | $855.3M | $626.2M | $1.06B | $1.38B | $1.09B | $451.1M | $236.1M | $552.3M | $472.7M | $565.3M |
| EPS (diluted) | $5.65 | $3.44 | $5.33 | $8.06 | $6.95 | $2.70 | $2.02 | $4.06 | $3.55 | $3.40 |
| Gross margin | 10.4% | 10.7% | 11.6% | 12.0% | 12.2% | 11.5% | 11.7% | 12.7% | 13.3% | 13.6% |
| Operating margin | 3.1% | 2.8% | 3.6% | 4.5% | 3.9% | 1.4% | −0.0% | 1.9% | 1.1% | 2.5% |
| Net margin | 1.2% | 1.1% | 2.1% | 2.9% | 2.8% | 1.0% | −0.2% | 0.9% | −0.8% | 3.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.30B | $7.12B | $6.32B | $5.90B | $5.62B | $5.32B | $5.66B | $5.60B | $5.56B | $5.65B | $6.20B | $6.34B |
| Cost of revenue | $7.43B | $6.38B | $5.66B | $5.28B | $5.02B | $4.73B | $5.07B | $5.00B | $4.92B | $4.98B | $5.50B | $5.59B |
| Gross profit | $865.0M | $739.1M | $663.0M | $614.8M | $593.7M | $587.9M | $596.1M | $607.4M | $642.9M | $669.3M | $706.2M | $748.1M |
| Sales, general & admin | $547.5M | $518.8M | $491.7M | $464.4M | $451.2M | $435.5M | $436.9M | $438.8M | $450.3M | $467.3M | $464.7M | $487.3M |
| Total operating expenses | $547.5M | $518.8M | $491.7M | $464.4M | $451.2M | $435.5M | $436.9M | $438.8M | $478.7M | $479.1M | $469.9M | $494.3M |
| Operating income | $317.5M | $220.3M | $171.4M | $150.3M | $142.5M | $152.4M | $159.1M | $168.6M | $164.2M | $190.2M | $236.3M | $253.8M |
| Interest expense | $67.1M | $63.9M | $61.8M | $60.3M | $59.2M | $62.4M | $63.7M | $64.4M | $64.3M | $73.5M | $74.3M | $70.8M |
| Income before taxes | $160.2M | $140.6M | $89.9M | $76.8M | $7.4M | $78.1M | $90.3M | $74.7M | $101.3M | $101.9M | $153.6M | $275.4M |
| Income taxes | $33.6M | $46.2M | $28.2M | $25.1M | $1.3M | −$9.8M | $3.0M | $15.8M | $18.7M | $13.1M | $35.6M | $66.2M |
| Net income | $126.6M | $94.3M | $61.7M | $51.7M | $6.1M | $87.9M | $87.3M | $59.0M | $82.7M | $88.8M | $117.9M | $209.3M |
| EBITDA | $264.5M | $237.8M | $185.1M | $167.9M | $98.5M | $169.6M | $184.4M | $173.0M | $201.8M | $210.8M | $262.0M | $381.0M |
| EPS (diluted) | $2.28 | $1.48 | $1.05 | $0.84 | $0.81 | $0.84 | $0.87 | $0.92 | $1.22 | $1.10 | $1.40 | $1.61 |
| Gross margin | 10.4% | 10.4% | 10.5% | 10.4% | 10.6% | 11.1% | 10.5% | 10.8% | 11.6% | 11.8% | 11.4% | 11.8% |
| Operating margin | 3.8% | 3.1% | 2.7% | 2.5% | 2.5% | 2.9% | 2.8% | 3.0% | 3.0% | 3.4% | 3.8% | 4.0% |
| Net margin | 1.5% | 1.3% | 1.0% | 0.9% | 0.1% | 1.7% | 1.5% | 1.1% | 1.5% | 1.6% | 1.9% | 3.3% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in AVT's financial statements (latest annual report filed August 14, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
AVT financial results
In fiscal year 2026 (ended June 30, 2026), Avnet reported revenue of $27.6 billion, up 24.5% from the year before. It had net income of $334.4 million (up 39.2%), a net profit margin of 1.2%. Diluted earnings per share came to $5.65. Over five years revenue grew at an average rate of 7.2% a year.
See the AVT stock overview for the latest quote and news, or the AVT chart for price history and technical indicators.
AVT income statement FAQ
What is Avnet's annual revenue?
Avnet reported total revenue of $27.6 billion for fiscal year 2026, which ended on June 30, 2026. That was up 24.5% from $22.2 billion the previous year.
Is Avnet profitable?
Yes. Avnet reported net income of $334.4 million in fiscal 2026, a net profit margin of 1.2%; its operating margin was 3.1%.
What is Avnet's gross margin?
Avnet's gross margin was 10.4% in fiscal 2026: for every $100 of revenue, Avnet kept $10 after the direct cost of its products and services.
How fast is Avnet growing?
Revenue grew 7.2% a year on average over the last five fiscal years, from $19.5 billion to $27.6 billion.
What are Avnet's earnings per share?
Avnet earned $5.65 per diluted share in fiscal 2026, compared with $3.44 a year earlier.
When will Avnet report its next earnings?
Avnet is expected to report results for the quarter ending September 30, 2026 on November 4, 2026.
When does Avnet's fiscal year end?
Avnet's fiscal year ends in June. The latest annual report covers the year ended June 30, 2026 and was filed on August 14, 2026.