Avnet reports Q4 non-GAAP EPS of $2.28, beating expectations by $0.51, as revenue surges 48.2% year-over-year to $8.3B.
Avnet posted fourth-quarter non-GAAP earnings per share of $2.28, exceeding estimates by $0.51, driven by stronger-than-expected revenue of $8.3 billion. The revenue figure represents a 48.2% year-over-year increase and surpasses consensus by $780 million.
The company’s guidance for the first quarter of fiscal 2027, ending October 3, 2026, was also released. Prior quarter revenue had been significantly lower, reflecting a sharp rebound in demand for the electronics distributor’s offerings.
Shares of Avnet rose 2.5% in premarket trading following the earnings release.