In fiscal 2026, which ended Jun 27, 2026, Avnet, Inc. reported revenue of $27.6 billion, up 24.5% from the year before. Net income was $334.4 million, a profit margin of 1.2%. Operating income came to $724.8 million, an operating margin of 2.6%. Diluted earnings per share were $4.01. Across the 10 fiscal years shown, revenue grew from $17.4 billion in fiscal 2017 to $27.6 billion in fiscal 2026, about 5.2% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Jun 27, 2026
|
FY 2025
Jun 28, 2025
|
FY 2024
Jun 29, 2024
|
FY 2023
Jul 1, 2023
|
FY 2022
Jul 2, 2022
|
FY 2021
Jul 3, 2021
|
FY 2020
Jun 27, 2020
|
FY 2019
Jun 29, 2019
|
FY 2018
Jun 30, 2018
|
FY 2017
Jul 1, 2017
|
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
27,633
+24.5%
|
22,201
-6.6%
|
23,757
-10.5%
|
26,537
+9.2%
|
24,311
+24.4%
|
19,535
+10.8%
|
17,634
-9.7%
|
19,519
+2.5%
|
19,037
+9.2%
|
17,440
+4.2%
|
| Cost of revenue |
24,751
+24.9%
|
19,816
-5.6%
|
20,991
-10.1%
|
23,355
+9.4%
|
21,345
+23.4%
|
17,294
+11.1%
|
15,571
-8.6%
|
17,032
+3.2%
|
16,510
+9.5%
|
15,071
+2.8%
|
| Gross profit |
2,882
+20.8%
|
2,385
-13.8%
|
2,766
-13.1%
|
3,182
+7.3%
|
2,965
+32.3%
|
2,241
+8.6%
|
2,063
-17.0%
|
2,486
-1.6%
|
2,527
+6.7%
|
2,369
+14.0%
|
| Selling, general and administrative |
2,022
+14.8%
|
1,762
-5.7%
|
1,870
-5.0%
|
1,967
-1.4%
|
1,995
+6.4%
|
1,875
+1.8%
|
1,842
-1.7%
|
1,875
-5.9%
|
1,991
+11.4%
|
1,788
+22.5%
|
| Operating income |
725
+40.9%
|
514
-39.1%
|
844
-28.9%
|
1,187
+26.4%
|
939
+233.7%
|
281
+6180.6%
|
-5
-101.3%
|
366
+74.9%
|
209
-52.8%
|
444
-22.6%
|
| Interest expense |
251
+1.8%
|
246
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other non-operating income (expense) |
-7
+61.6%
|
-17
-9.8%
|
-16
-258.8%
|
10
+286.9%
|
-5
+72.1%
|
-19
-758.1%
|
-2
-139.8%
|
6
-80.6%
|
29
+184.8%
|
-34
-1037.9%
|
| Pretax income |
467
+86.5%
|
251
-60.4%
|
632
-35.7%
|
983
+17.9%
|
833
+381.9%
|
173
+233.4%
|
-130
-154.8%
|
237
+63.1%
|
145
-53.3%
|
310
-35.1%
|
| Income tax |
133
+1185.2%
|
10
-92.2%
|
134
-37.0%
|
212
+50.4%
|
141
+798.3%
|
-20
+79.5%
|
-99
-263.5%
|
60
-79.1%
|
288
+512.0%
|
47
-46.0%
|
| Net income |
334
+39.2%
|
240
-51.8%
|
499
-35.3%
|
771
+11.3%
|
692
+258.5%
|
193
+721.3%
|
-31
-117.6%
|
176
+212.7%
|
-156
|
—
|
| Basic EPS |
4.07
+46.4%
|
2.78
-49.5%
|
5.51
-34.2%
|
8.37
+19.2%
|
7.02
+260.0%
|
1.95
+729.0%
|
-0.31
-119.3%
|
1.61
+223.8%
|
-1.30
-131.5%
|
4.13
+6.7%
|
| Diluted EPS |
4.01
+45.8%
|
2.75
-49.4%
|
5.43
-34.3%
|
8.26
+19.0%
|
6.94
+259.6%
|
1.93
+722.6%
|
-0.31
-119.5%
|
1.59
+222.3%
|
-1.30
-131.9%
|
4.08
+7.4%
|
| Weighted average shares, basic |
82
-4.8%
|
86
-4.7%
|
91
-1.6%
|
92
-6.7%
|
99
-0.6%
|
99
-1.2%
|
100
-8.5%
|
110
-8.4%
|
120
-5.6%
|
127
-2.9%
|
| Weighted average shares, diluted |
83
-4.6%
|
87
-4.8%
|
92
-1.6%
|
93
-6.5%
|
100
-0.3%
|
100
-0.3%
|
100
-9.3%
|
111
-7.6%
|
120
-6.8%
|
129
-3.4%
|
| Other measures | ||||||||||
| Depreciation and amortization |
77
+7.2%
|
72
-17.4%
|
87
-2.1%
|
89
-13.4%
|
102
-22.4%
|
132
-27.6%
|
182
+0.8%
|
181
-23.0%
|
235
+51.2%
|
155
+95.2%
|
| EBITDA |
802
+36.8%
|
586
-37.1%
|
931
-27.0%
|
1,275
+22.5%
|
1,041
+152.0%
|
413
+132.8%
|
178
-67.5%
|
547
+23.1%
|
444
-25.9%
|
599
-8.2%
|
| Interest coverage |
2.89x
|
2.09x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | ||||||||||
| Gross margin |
10.43%
|
10.74%
|
11.64%
|
11.99%
|
12.20%
|
11.47%
|
11.70%
|
12.74%
|
13.28%
|
13.59%
|
| Operating margin |
2.62%
|
2.32%
|
3.55%
|
4.47%
|
3.86%
|
1.44%
|
-0.03%
|
1.87%
|
1.10%
|
2.54%
|
| Pretax margin |
1.69%
|
1.13%
|
2.66%
|
3.70%
|
3.43%
|
0.89%
|
-0.73%
|
1.21%
|
0.76%
|
1.78%
|
| Profit margin |
1.21%
|
1.08%
|
2.10%
|
2.90%
|
2.85%
|
0.99%
|
-0.18%
|
0.90%
|
-0.82%
|
—
|
| EBITDA margin |
2.90%
|
2.64%
|
3.92%
|
4.81%
|
4.28%
|
2.12%
|
1.01%
|
2.80%
|
2.33%
|
3.44%
|
| Effective tax rate |
28.46%
|
4.13%
|
21.12%
|
21.57%
|
16.91%
|
-11.67%
|
—
|
25.47%
|
198.49%
|
15.16%
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Wholesale-Electronic Parts & Equipment, NEC (SIC 5065)
- Listed as
- AVT (Nasdaq)
- Fiscal year ends
- July 3
- Incorporated in
- NY
- Headquarters
- Tempe, AZ
- SEC filer status
- Large accelerated filer
- SEC CIK
- 8858
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All 10 Wholesale-Electronic Parts & Equipment, NEC companies
Source: SEC EDGAR filings. This is company-reported data, not investment advice.