Avnet reported fiscal Q1 2027 revenue of $10.72 billion and adjusted earnings per share of $3.63, exceeding analyst expectations. The results were driven by record sales and higher memory pricing. The company issued upbeat Q2 guidance, with strong demand supporting margin expansion alongside the raised outlook. The provided facts also cite a 55% surge in Q3 earnings, attributed to AI demand for semiconductor and interconnect segments.
Avnet reported record sales and higher memory pricing for Q1 2027, exceeding analyst estimates and providing an upbeat outlook for the second quarter.
Read the full storyAvnet reported adjusted earnings of $3.63 per share on revenue of $10.72 billion, surpassing analyst expectations for the first fiscal quarter of 2027.