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AVT News
AVT Events
Avnet Increases Quarterly Cash Dividend to 37 Cents per Share
Avnet announced that its Board of Directors has approved a 5.7% increase in the quarterly cash dividend to 37c per share. The dividend will be paid on September 23, 2026, to shareholders of record as of the close of business on September 9, 2026. "The Board's decision to increase our quarterly dividend reinforces Avnet's commitment to delivering consistent and dependable returns to shareholders," said Phil Gallagher, Avnet's Chief Executive Officer. "Supported by our financial strength and disciplined capital allocation strategy, we remain focused on returning value to shareholders while investing for sustainable, long-term growth."
Avnet Files Automatic Mixed Securities Shelf
Avnet files automatic mixed securities shelf
Avnet Reports Q3 Revenue of $7.1B, Exceeding Expectations
Reports Q3 revenue $7.1B, consensus $6.41B. "Sales and earnings exceeded our expectations, with double-digit sales growth both sequentially and year over year. Our team is executing well, driving improved operating margins and leverage, supported by continued disciplined cost management and inventory optimization. The investments we have made in our capabilities and digital infrastructure are paying off," said Avnet Chief Executive Officer Phil Gallagher. "We see the momentum building in our business, indicative of broadening strength across all regions in our core markets. Avnet is well-positioned to drive profitable growth and expect to continue progressing toward our prior peak margin levels."
Avnet Reports Q2 Revenue of $6.32B, Beating Expectations
Reports Q2 revenue $6.32B, consensus $6.03B. "We delivered year-over-year sales growth across all of our Electronic Components regions and Farnell, and both total Company revenue and earnings per share were above our expectations. Sequentially, our adjusted operating income grew two times faster than sales, demonstrating the expected leverage in our business model. Our team's continued commitment to optimizing inventory and driving operational excellence also enabled us to generate operating cash flow and reduce days of inventory this quarter," said Avnet Chief Executive Officer Phil Gallagher. "The trends we see are encouraging, and our third quarter outlook implies above-trend seasonal growth and improving margins."
Company Sees Q3 Revenue of $6.2B to $6.5B
Sees Q3 revenue $6.2B-$6.5B, consensus $5.85B. The company said, "The above guidance implies better-than-typical sequential sales growth of approximately 1% at the midpoint and assumes sales growth in the Americas and EMEA, and a less-than-typical sales decline in Asia driven by the Lunar New Year. The above guidance also excludes restructuring, integration and other expenses, foreign currency gains and losses, and certain income tax adjustments. The above guidance assumes similar interest expense to the second quarter of fiscal 2026 and an adjusted effective tax rate of between 21% and 25%."
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