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Electronics & computer distribution · Technology · Fiscal year ends Jul 3
AVNET reported revenue of $27.6B in the fiscal year ended Jun 2026, up 24.5% from the year before. Operating income was $725M, an operating margin of 2.6%, and net income was $334M. Operating cash flow of −$281M less capital expenditure of $74M left free cash flow of −$354M. Net debt was $3.1B.
Ranks among the 7 electronics & computer distribution companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue | 24,311 | 26,537 | 23,757 | 22,201 | 27,633 |
| Cost of revenue | 21,345 | 23,355 | 20,991 | 19,816 | 24,751 |
| Gross profit | 2,965 | 3,182 | 2,766 | 2,385 | 2,882 |
| Selling, general & admin | 1,995 | 1,967 | 1,870 | 1,762 | 2,022 |
| Operating income | 939 | 1,187 | 844 | 514 | 725 |
| Interest expense | 100 | 251 | 283 | 246 | 251 |
| Pre-tax income | 833 | 983 | 632 | 251 | 467 |
| Income tax | 141 | 212 | 134 | 10.4 | 133 |
| Net income | 692 | 771 | 499 | 240 | 334 |
| Diluted EPS | 6.94 | 8.26 | 5.43 | 2.75 | 4.01 |
| Diluted shares | 99.8 | 93.4 | 91.8 | 87.4 | 83.4 |
| Fiscal year | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | 154 | 288 | 311 | 192 | 155 |
| Receivables | 4,301 | 4,764 | 4,391 | 4,327 | 6,883 |
| Inventory | 4,244 | 5,465 | 5,469 | 5,235 | 6,069 |
| Current assets | 8,877 | 10,751 | 10,371 | 10,019 | 13,334 |
| Net PP&E | 315 | 442 | 568 | 667 | 645 |
| Goodwill | 759 | 781 | 781 | 837 | 810 |
| Total assets | 10,389 | 12,477 | 12,209 | 12,119 | 15,425 |
| Payables | 3,432 | 3,374 | 3,346 | 3,487 | 6,054 |
| Current liabilities | 4,252 | 4,249 | 4,465 | 4,128 | 7,503 |
| Short-term debt | 174 | 70.6 | 493 | 87.3 | 734 |
| Long-term debt | 1,437 | 2,988 | 2,407 | 2,575 | 2,479 |
| Total liabilities | 6,196 | 7,725 | 7,284 | 7,107 | 10,403 |
| Shareholders' equity | 4,193 | 4,752 | 4,926 | 5,011 | 5,023 |
| Fiscal year | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Operating cash flow | −219 | −714 | 690 | 725 | −281 |
| Capital expenditure | 48.9 | 195 | 226 | 147 | 73.6 |
| Free cash flow | −268 | −908 | 464 | 577 | −354 |
| Depreciation & amortisation | 102 | 88.6 | 86.7 | 71.6 | 76.8 |
| Stock-based compensation | 36.7 | 38.8 | 33.5 | 36.4 | 48.7 |
| Share buybacks | 184 | 222 | 163 | 303 | 138 |
| Dividends paid | 98.5 | 106 | 112 | 113 | 114 |
| Dividend per share | 1.00 | 1.16 | 1.24 | 1.32 | 1.40 |
| Fiscal year | Jul 2022 | Jul 2023 | Jun 2024 | Jun 2025 | Jun 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 9.2% | −10.5% | −6.6% | 24.5% |
| Operating income growth (YoY) | – | 26.4% | −28.9% | −39.1% | 40.9% |
| EPS growth (YoY) | – | 19.0% | −34.3% | −49.4% | 45.8% |
| Gross margin | 12.2% | 12.0% | 11.6% | 10.7% | 10.4% |
| Operating margin | 3.9% | 4.5% | 3.6% | 2.3% | 2.6% |
| Net margin | 2.8% | 2.9% | 2.1% | 1.1% | 1.2% |
| Return on equityBlank when equity is negative | 16.5% | 16.2% | 10.1% | 4.8% | 6.7% |
| ROCEEBIT ÷ (assets − current liabilities) | 15.3% | 14.4% | 10.9% | 6.4% | 9.1% |
| Free cash flow margin | −1.1% | −3.4% | 2.0% | 2.6% | −1.3% |
| Cash conversion (CFO ÷ net income) | −0.32x | −0.93x | 1.38x | 3.02x | −0.84x |
| Receivable days | 65 | 66 | 67 | 71 | 91 |
| Inventory days | 73 | 85 | 95 | 96 | 90 |
| Payable days | 59 | 53 | 58 | 64 | 89 |
| Interest cover | 9.36x | 4.73x | 2.99x | 2.09x | 2.89x |
| Debt ÷ equity | 0.38x | 0.64x | 0.59x | 0.53x | 0.64x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 1,458 | 2,770 | 2,588 | 2,470 | 3,057 |
| Current ratio | 2.09x | 2.53x | 2.32x | 2.43x | 1.78x |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.