Avnet Projects Q2 Revenue Between $11.1B and $11.4B Following Record Q1 Results
Avnet, Inc. (AVT) reported a strong start to its fiscal year 2027, achieving record quarterly sales of $10.7 billion and record adjusted earnings per share of $3.63. CEO Philip Gallagher attributed this performance to meaningful operating margin expansion and robust earnings growth. Looking ahead to the second quarter, the company provided optimistic guidance, forecasting revenue in the range of $11.1 billion to $11.4 billion with an expected EPS between $3.90 and $4.10. This upward trajectory comes as market availability for certain components tightens, potentially influencing supply chain dynamics.
Tickers: $AVT
Topics: earnings report eps fiscal year results revenue growth
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