Avnet, Inc. (AVT) financial statements: income statement, balance sheet and cash flow
Avnet, Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 27, 2026 · FY), Avnet, Inc. reported revenue of $27.6B (+24.5% year on year) and net income of $334.4M (+39.2% year on year).
Income statement
Avnet, Inc. income statement, fiscal years
Line item
Jun 27, 2026 · FY
Jun 28, 2025 · FY
Jun 29, 2024 · FY
Jul 1, 2023 · FY
Sales
$27.6B
$22.2B
$23.8B
$26.5B
Cost of sales
$24.8B
$19.8B
$21.0B
$23.4B
Gross profit
$2.9B
$2.4B
$2.8B
$3.2B
Selling, general and administrative expenses
$2.0B
$1.8B
$1.9B
$2.0B
Restructuring, integration and other expenses
$134.7M
$108.3M
$52.5M
$28.0M
Operating income
$724.8M
$514.3M
$844.4M
$1.2B
Other expense, net
($6.6M)
($17.3M)
($15.7M)
$9.9M
Interest and other financing expenses, net
($250.7M)
($246.4M)
($282.9M)
($250.9M)
Income before taxes
$467.4M
$250.6M
$632.3M
$982.9M
Income tax expense
$133.0M
$10.4M
$133.6M
$212.0M
Net income
$334.4M
$240.2M
$498.7M
$770.8M
Basic
$4.07
$2.78
$5.51
$8.37
Diluted
$4.01
$2.75
$5.43
$8.26
Basic
82.2M
86.3M
90.6M
92.0M
Diluted
83.4M
87.4M
91.8M
93.4M
Cash dividends paid per common share
$1.40
$1.32
$1.24
$1.16
Avnet, Inc. income statement, quarters
Line item
Mar 28, 2026 · Q3
Dec 27, 2025 · Q2
Sep 27, 2025 · Q1
Mar 29, 2025 · Q3
Sales
$7.1B
$6.3B
$5.9B
$5.3B
Cost of sales
$6.4B
$5.7B
$5.3B
$4.7B
Gross profit
$739.1M
$663.0M
$614.8M
$587.9M
Selling, general and administrative expenses
$518.8M
$491.7M
$464.4M
$435.5M
Restructuring, integration and other expenses
$14.7M
$25.2M
$8.3M
$9.1M
Operating income
$205.5M
$146.2M
$142.0M
$143.3M
Other expense, net
($1.8M)
$5.1M
($5.5M)
($4.0M)
Interest and other financing expenses, net
($63.1M)
($61.4M)
($59.8M)
($61.1M)
Income before taxes
$140.6M
$89.9M
$76.8M
$78.1M
Income tax expense (benefit)
$46.2M
$28.2M
$25.1M
($9.8M)
Net income
$94.3M
$61.7M
$51.7M
$87.9M
Basic
$1.15
$0.76
$0.62
$1.02
Diluted
$1.14
$0.75
$0.61
$1.01
Basic
82.0M
81.4M
83.0M
86.0M
Diluted
82.9M
82.8M
84.5M
86.9M
Cash dividends paid per common share
$0.35
$0.35
$0.35
$0.33
Balance sheet
Avnet, Inc. balance sheet, fiscal years
Line item
Jun 27, 2026 · FY
Jun 28, 2025 · FY
Jun 29, 2024 · FY
Jul 1, 2023 · FY
Cash and cash equivalents
$155.4M
$192.4M
$310.9M
$288.2M
Receivables
$6.9B
$4.3B
$4.4B
$4.8B
Inventories
$6.1B
$5.2B
$5.5B
$5.5B
Prepaid and other current assets
$226.0M
$263.4M
$199.7M
$233.8M
Total current assets
$13.3B
$10.0B
$10.4B
$10.8B
Property, plant and equipment, net
$644.6M
$667.2M
$568.2M
$441.6M
Goodwill
$810.2M
$837.0M
$781.0M
$780.6M
Operating lease assets
$249.0M
$201.9M
$209.0M
$221.7M
Other assets
$387.9M
$393.6M
$280.5M
$282.4M
Total assets
$15.4B
$12.1B
$12.2B
$12.5B
Short-term debt
$734.0M
$87.3M
$492.7M
$70.6M
Accounts payable
$6.1B
$3.5B
$3.3B
$3.4B
Accrued expenses and other
$659.3M
$497.2M
$573.1M
$753.1M
Operating Lease Liability, Current
$55.9M
$56.2M
$54.0M
$51.8M
Total current liabilities
$7.5B
$4.1B
$4.5B
$4.2B
Long-term debt
$2.5B
$2.6B
$2.4B
$3.0B
Operating Lease Liability, Non-Current
$207.1M
$159.4M
$173.9M
$190.6M
Other liabilities
$213.5M
$244.8M
$237.9M
$297.5M
Total liabilities
$10.4B
$7.1B
$7.3B
$7.7B
Common stock $1.00 par; authorized 300,000,000 shares; issued 82,082,259 shares and 83,853,935 shares, respectively
82.1M
83.9M
89.0M
91.5M
Additional paid-in capital
$1.8B
$1.8B
$1.7B
$1.7B
Retained earnings
$3.5B
$3.4B
$3.6B
$3.4B
Accumulated other comprehensive loss
($375.4M)
($257.7M)
($486.7M)
($409.4M)
Total shareholders' equity
$5.0B
$5.0B
$4.9B
$4.8B
Total liabilities and shareholders' equity
$15.4B
$12.1B
$12.2B
$12.5B
Avnet, Inc. balance sheet, quarters
Line item
Mar 28, 2026
Dec 27, 2025
Sep 27, 2025
Mar 29, 2025
Cash and cash equivalents
$202.4M
$286.5M
$175.5M
$188.9M
Receivables
$5.5B
$5.2B
$4.5B
$4.1B
Inventories
$5.5B
$5.3B
$5.4B
$5.3B
Prepaid and other current assets
$217.7M
$200.4M
$227.2M
$240.5M
Total current assets
$11.4B
$11.0B
$10.3B
$9.8B
Property, plant and equipment, net
$651.0M
$662.6M
$666.0M
$578.7M
Goodwill
$817.0M
$826.5M
$818.1M
$795.1M
Operating lease assets
$216.8M
$216.7M
$200.6M
$179.3M
Other assets
$419.6M
$423.2M
$402.7M
$363.9M
Total assets
$13.5B
$13.2B
$12.4B
$11.7B
Short-term debt
$470.1M
$463.6M
$189.3M
$144.5M
Accounts payable
$4.6B
$4.3B
$3.7B
$3.3B
Accrued expenses and other
$516.7M
$474.2M
$440.9M
$495.3M
Operating Lease Liability, Current
$50.8M
$52.7M
$54.8M
$55.5M
Total current liabilities
$5.7B
$5.3B
$4.4B
$4.0B
Long-term debt
$2.5B
$2.5B
$2.8B
$2.5B
Operating Lease Liability, Non-Current
$178.8M
$176.9M
$159.0M
$137.8M
Other liabilities
$220.9M
$230.3M
$237.4M
$180.8M
Total liabilities
$8.5B
$8.2B
$7.6B
$6.8B
Common stock $1.00 par; authorized 300,000,000 shares; issued 82,041,227 shares and 83,853,935 shares, respectively
82.0M
81.4M
81.3M
84.9M
Additional paid-in capital
$1.8B
$1.8B
$1.8B
$1.7B
Retained earnings
$3.4B
$3.3B
$3.3B
$3.5B
Accumulated other comprehensive loss
($331.6M)
($275.5M)
($315.5M)
($447.9M)
Total shareholders' equity
$5.0B
$4.9B
$4.8B
$4.9B
Total liabilities and shareholders' equity
$13.5B
$13.2B
$12.4B
$11.7B
Cash flow statement
Avnet, Inc. cash flow statement, fiscal years
Line item
Jun 27, 2026 · FY
Jun 28, 2025 · FY
Jun 29, 2024 · FY
Jul 1, 2023 · FY
Net income
$334.4M
$240.2M
$498.7M
$770.8M
Depreciation, Depletion and Amortization, Nonproduction
$76.8M
$71.6M
$86.7M
—
Amortization of Operating Lease Assets
$58.0M
$53.6M
$53.8M
$54.4M
Deferred income taxes
$6.0M
($105.4M)
($9.7M)
($37.1M)
Stock-based compensation
$48.7M
$36.4M
$33.5M
$38.8M
Other, net
($2.4M)
$25.9M
$15.8M
$52.1M
Receivables
($2.6B)
$183.5M
$316.2M
($461.1M)
Inventories
($918.3M)
$409.6M
($51.2M)
($1.2B)
Accounts payable
$2.6B
$101.7M
$4.5M
($75.9M)
Accrued expenses and other, net
$122.5M
($292.6M)
($258.3M)
$28.8M
Net cash flows (used for) provided by operating activities
($280.9M)
$724.5M
$690.0M
($713.7M)
Issuance of convertible notes, net of issuance costs
$633.8M
—
—
$498.6M
Repayment of public notes
($550.0M)
—
—
—
Borrowings (repayments) under senior unsecured credit facility, net
$157.9M
($357.3M)
($43.3M)
$728.2M
Borrowings (repayments) under bank credit facilities and other debt, net
$57.0M
($2.5M)
$27.5M
($96.2M)
Borrowings of term loans
$270.2M
—
—
—
Repurchases of common stock
($138.3M)
($303.5M)
($162.7M)
($221.7M)
Dividends paid on common stock
($114.4M)
($113.3M)
($112.0M)
($106.3M)
Other, net
($321.0K)
($1.9M)
($2.6M)
($5.8M)
Net cash flows provided by (used for) financing activities
$315.9M
($693.5M)
($433.8M)
$1.1B
Purchases of property, plant and equipment
($73.6M)
($147.5M)
($226.5M)
($194.7M)
Other, net
$2.1M
$10.3M
$994.0K
($16.9M)
Net cash flows used for investing activities
($71.5M)
($137.1M)
($225.5M)
($211.6M)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations
($526.0K)
($12.4M)
($8.0M)
$5.0M
Increase (Decrease)
($37.0M)
($118.5M)
$22.7M
$134.5M
Cash and cash equivalents at beginning of year
$192.4M
$310.9M
$288.2M
$153.7M
Cash and cash equivalents at end of year
$155.4M
$192.4M
$310.9M
$288.2M
Avnet, Inc. cash flow statement, quarters
Line item
Mar 28, 2026 · YTD
Dec 27, 2025 · YTD
Sep 27, 2025 · Q1
Mar 29, 2025 · YTD
Net income
$207.8M
$113.5M
$51.7M
$234.1M
Depreciation, Depletion and Amortization, Nonproduction
$54.2M
$35.5M
$16.8M
$53.3M
Amortization of Operating Lease Assets
$43.3M
$28.7M
$13.9M
$40.0M
Deferred income taxes
($21.4M)
($26.0M)
($5.9M)
($82.0M)
Stock-based compensation
$35.7M
$25.8M
$9.7M
$30.4M
Other, net
($13.4M)
($13.3M)
($13.4M)
$26.7M
Receivables
($1.2B)
($921.6M)
($192.6M)
$310.4M
Inventories
($282.2M)
($75.9M)
($216.3M)
$217.6M
Accounts payable
$1.2B
$876.8M
$218.3M
($8.8M)
Accrued expenses and other, net
$21.6M
$20.2M
($26.9M)
($236.8M)
Net cash flows provided by operating activities
$9.8M
$63.7M
($144.6M)
$585.0M
Issuance of notes, net of discounts
$633.8M
$633.8M
$633.8M
—
(Repayments) borrowings under accounts receivable securitization, net
($226.5M)
($211.3M)
($299.4M)
$84.9M
Repayments under senior unsecured credit facility, net
($409.5M)
($416.7M)
($290.9M)
($418.6M)
Borrowings (repayments) under bank credit facilities and other debt, net
$18.8M
($5.8M)
$10.4M
—
Borrowings of term loans
$268.1M
$264.9M
$266.9M
—
Repurchases of common stock
($138.3M)
($138.3M)
($138.3M)
($253.5M)
Dividends paid on common stock
($85.6M)
($56.9M)
($28.5M)
($85.6M)
Other, net
($2.4M)
$1.6M
$1.1M
($4.3M)
Net cash flows provided by (used for) financing activities
$58.2M
$71.1M
$155.1M
($613.7M)
Purchases of property, plant and equipment
($56.8M)
($39.9M)
($24.6M)
($87.9M)
Other, net
$1.0M
$416.0K
$80.0K
$10.4M
Net cash flows used for investing activities
($55.8M)
($39.5M)
($24.5M)
($77.5M)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations