AVT earnings / call / takeaways

AVT Q1 FY27 earnings call: key takeaways

What AVT said on its earnings call of November 4, 2026: results against expectations, what changed since last quarter, guidance and the questions analysts pressed on.

By Lician·November 4, 2026·AI-generated from the call transcript and Lician data

AvNet reported EPS of $3.63, well above the $2.86 consensus estimate (26:07)
Revenue of $10.7 billion exceeded expectations, driven by strong performance across all regions and business segments. (26:07)

Results vs expectations

Metric	Consensus	Reported	Result
EPS	$2.86	–	–
Revenue	$9.20B	–	–

What changed since last quarter

The company raised second-quarter revenue guidance to $11.1 billion to $11.4 billion, up from previous expectations. (34:50)
Operating margin expansion continued, with EC operating margin reaching 4.8% and Farnell's margin at 10.1%. (29:29)
The CEO highlighted sustained demand across all regions and end markets, indicating a positive outlook. (16:30)

Guidance

Metric	This call	Previous call
Revenue	Second quarter sales guidance of $11.1 billion to $11.4 billion. (34:50)	not captured
EPS	Adjusted diluted earnings per share guidance of $3.90 to $4.10. (34:50)	not captured

What analysts pressed on

Concerns about lead times and their impact on growth. (36:42)
Questions about inventory management in Asia and its ability to meet demand. (41:32)
Inquiry into the sustainability of operating margin improvements and potential ceilings. (47:30)

In their words

Our first quarter results came in well above our expectations Philip Gallagher (16:30)
We have delivered another record quarter with stronger-than-expected sequential and year-over-year growth across the country Philip Gallagher (20:34)
We are seeing strong demand from our cloud and neocloud Philip Gallagher (21:30)

Read the full transcript with the AI summary, or listen on the company's official webcast.

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Written by AI from the automatic transcript of the company's public webcast and Lician's earnings data. Each sentence cites the passage it comes from, and a sentence with a figure that is not in its sources was removed. Not investment advice.