Avnet, Inc. reported its first quarter fiscal year 2026 financial results on October 29, 2025, with sales reaching $5.90 billion. This figure represents a 5.3% increase year-over-year and surpassed Wall Street's revenue expectations.
The company also reported a non-GAAP profit of $0.84 per share, which was 4% above consensus estimates. These results indicate a positive shift in performance, suggesting a potential recovery from the challenging market conditions experienced in previous quarters.
Looking ahead, Avnet provided optimistic revenue guidance for the second quarter of fiscal year 2026, projecting $6 billion at the midpoint. This guidance is 2.5% above analysts' estimates, further reinforcing a positive outlook for the company's near-term financial performance.
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