Avnet, Inc. (AVT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Sales/Revenue | 7.12B | 6.32B | 5.9B | 5.62B | 5.32B | 5.66B | 5.6B | 5.56B | 5.65B | 6.2B | 6.34B | 6.55B | 6.51B | 6.72B | 6.75B | 6.37B | 6.49B | 5.87B | 5.58B | 5.23B |
| Revenue Growth % | 33.95% | 11.58% | 5.25% | 0.99% | -5.98% | -8.73% | -11.55% | -15.13% | -13.22% | -7.63% | -6.14% | 2.86% | 0.41% | 14.53% | 20.87% | 21.92% | 31.96% | 25.64% | 18.24% | 25.65% |
| Cost of Goods Sold | 6.38B | 5.66B | 5.28B | 5.02B | 4.73B | 5.07B | 5B | 4.92B | 4.98B | 5.5B | 5.59B | 5.74B | 5.7B | 5.93B | 5.98B | 5.59B | 5.68B | 5.15B | 4.93B | 4.58B |
| COGS % of Revenue | 89.62% | 89.51% | 89.58% | 89.43% | 88.94% | 89.48% | 89.16% | 88.44% | 88.16% | 88.62% | 88.19% | 87.52% | 87.54% | 88.33% | 88.62% | 87.77% | 87.47% | 87.84% | 88.19% | 87.66% |
| Gross Profit | 739.06M | 663.04M | 614.76M | 593.68M | 587.85M | 596.05M | 607.37M | 642.88M | 669.27M | 706.18M | 748.11M | 818.02M | 811.85M | 784.1M | 768.17M | 779.63M | 813.03M | 713.03M | 659.69M | 644.95M |
| Gross Margin % | 10.38% | 10.49% | 10.42% | 10.57% | 11.06% | 10.52% | 10.84% | 11.56% | 11.84% | 11.38% | 11.81% | 12.48% | 12.46% | 11.67% | 11.38% | 12.23% | 12.53% | 12.16% | 11.81% | 12.34% |
| Gross Profit Growth % | 25.72% | 11.24% | 1.22% | -7.65% | -12.17% | -15.6% | -18.81% | -21.41% | -17.56% | -9.94% | -2.61% | 4.92% | -0.15% | 9.97% | 16.44% | 20.88% | 43.05% | 39.47% | 27.83% | 35.76% |
| Operating Expenses | 518.79M | 491.67M | 464.44M | 451.17M | 435.49M | 436.93M | 438.79M | 478.69M | 479.12M | 469.93M | 494.34M | 534.36M | 498.22M | 485.13M | 477.64M | 494.94M | 538.63M | 501.36M | 491.45M | 526.95M |
| OpEx % of Revenue | 7.29% | 7.78% | 7.87% | 8.03% | 8.19% | 7.71% | 7.83% | 8.6% | 8.47% | 7.57% | 7.8% | 8.15% | 7.65% | 7.22% | 7.08% | 7.77% | 8.3% | 8.55% | 8.8% | 10.08% |
| Selling, General & Admin | 518.42M | 491.67M | 464.44M | 451.17M | 435.49M | 436.93M | 438.79M | 450.27M | 467.27M | 464.69M | 487.29M | 506.32M | 498.22M | 485.13M | 477.64M | 494.94M | 512.36M | 501.36M | 486.18M | 498.5M |
| SG&A % of Revenue | 7.28% | 7.78% | 7.87% | 8.03% | 8.19% | 7.71% | 7.83% | 8.09% | 8.27% | 7.49% | 7.69% | 7.72% | 7.65% | 7.22% | 7.08% | 7.77% | 7.9% | 8.55% | 8.71% | 9.54% |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | 364K | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 1000K | 0 | 1000K | 1000K |
| Operating Income | 220.27M | 171.37M | 150.32M | 142.51M | 152.36M | 159.12M | 168.58M | 164.19M | 190.15M | 236.26M | 253.77M | 283.66M | 313.63M | 298.97M | 290.54M | 284.69M | 274.41M | 211.67M | 168.24M | 118M |
| Operating Margin % | 3.09% | 2.71% | 2.55% | 2.54% | 2.87% | 2.81% | 3.01% | 2.95% | 3.36% | 3.81% | 4.01% | 4.33% | 4.81% | 4.45% | 4.3% | 4.47% | 4.23% | 3.61% | 3.01% | 2.26% |
| Operating Income Growth % | 44.57% | 7.7% | -10.83% | -13.2% | -19.87% | -32.65% | -33.57% | -42.12% | -39.37% | -20.98% | -12.66% | -0.36% | 14.29% | 41.24% | 72.69% | 141.26% | 212.95% | 269.92% | 809.32% | 6045.89% |
| EBITDA | 220.27M | 204.76M | 181.1M | 174.44M | 181.74M | 189.94M | 202.75M | 200.35M | 225.55M | 270.4M | 288.56M | 321.67M | 348.51M | 333.56M | 326.07M | 321.84M | 312.19M | 251.14M | 209.04M | 161.45M |
| EBITDA Margin % | 3.09% | 3.24% | 3.07% | 3.11% | 3.42% | 3.35% | 3.62% | 3.6% | 3.99% | 4.36% | 4.55% | 4.91% | 5.35% | 4.97% | 4.83% | 5.05% | 4.81% | 4.28% | 3.74% | 3.09% |
| EBITDA Growth % | 21.2% | 7.81% | -10.68% | -12.94% | -19.42% | -29.76% | -29.74% | -37.71% | -35.28% | -18.93% | -11.51% | -0.06% | 11.63% | 32.81% | 55.99% | 99.34% | 139.52% | 142.03% | 180.42% | 166.95% |
| D&A (Non-Cash Add-back) | 0 | 33.39M | 30.77M | 31.93M | 29.38M | 30.81M | 34.18M | 36.16M | 35.4M | 34.14M | 34.79M | 38M | 34.88M | 34.58M | 35.54M | 37.16M | 37.78M | 39.47M | 40.79M | 43.45M |
| EBIT | 220.27M | 171.37M | 150.32M | 142.51M | 152.36M | 159.12M | 168.58M | 165.6M | 175.44M | 227.86M | 346.23M | 265.45M | 315.28M | 362.15M | 290.86M | 278.53M | 273.94M | 213.41M | 167.83M | 115.05M |
| Net Interest Income | -63.14M | -61.8M | -60.31M | -59.2M | -62.43M | -63.7M | -64.44M | -64.27M | -73.5M | -74.3M | -70.8M | -75.06M | -71.69M | -59.02M | -45.1M | -29.99M | -25.91M | -21.63M | -22.84M | -23.34M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 63.14M | 61.8M | 60.31M | 59.2M | 62.43M | 63.7M | 64.44M | 64.27M | 73.5M | 74.3M | 70.8M | 75.06M | 71.69M | 59.02M | 45.1M | 29.99M | 25.91M | 21.63M | 22.84M | 23.34M |
| Other Income/Expense | -79.7M | -81.46M | -73.52M | -135.11M | -74.22M | -68.84M | -93.84M | -62.87M | -88.2M | -82.7M | 21.66M | -93.27M | -70.04M | 4.16M | -44.77M | -36.15M | -26.38M | -19.89M | -23.25M | -26.3M |
| Pretax Income | 140.57M | 89.91M | 76.8M | 7.4M | 78.14M | 90.28M | 74.74M | 101.32M | 101.95M | 153.56M | 275.43M | 190.39M | 243.59M | 303.13M | 245.76M | 248.54M | 248.03M | 191.78M | 144.99M | 91.7M |
| Pretax Margin % | 1.97% | 1.42% | 1.3% | 0.13% | 1.47% | 1.59% | 1.33% | 1.82% | 1.8% | 2.47% | 4.35% | 2.9% | 3.74% | 4.51% | 3.64% | 3.9% | 3.82% | 3.27% | 2.6% | 1.75% |
| Income Tax | 46.24M | 28.17M | 25.06M | 1.31M | -9.78M | 3.03M | 15.78M | 18.66M | 13.11M | 35.63M | 66.16M | 35.14M | 56.16M | 59.25M | 61.5M | 1.72M | 64.61M | 40.96M | 33.67M | 6.35M |
| Effective Tax Rate % | 32.89% | 31.34% | 32.63% | 17.76% | -12.51% | 3.36% | 21.12% | 18.41% | 12.86% | 23.2% | 24.02% | 18.46% | 23.06% | 19.55% | 25.02% | 0.69% | 26.05% | 21.36% | 23.22% | 6.92% |
| Net Income | 94.33M | 61.73M | 51.74M | 6.09M | 87.92M | 87.25M | 58.96M | 82.67M | 88.83M | 117.93M | 209.27M | 155.26M | 187.43M | 243.89M | 184.26M | 246.82M | 183.42M | 150.82M | 111.32M | 85.36M |
| Net Margin % | 1.32% | 0.98% | 0.88% | 0.11% | 1.65% | 1.54% | 1.05% | 1.49% | 1.57% | 1.9% | 3.3% | 2.37% | 2.88% | 3.63% | 2.73% | 3.87% | 2.83% | 2.57% | 1.99% | 1.63% |
| Net Income Growth % | 7.29% | -29.25% | -12.23% | -92.63% | -1.03% | -26.01% | -71.83% | -46.76% | -52.6% | -51.64% | 13.57% | -37.1% | 2.19% | 61.71% | 65.53% | 189.17% | 70.65% | 687.04% | 689.33% | 63.64% |
| Net Income (Continuing) | 94.33M | 61.73M | 51.74M | 6.09M | 87.92M | 87.25M | 58.96M | 82.67M | 88.83M | 117.93M | 209.27M | 155.26M | 187.43M | 243.89M | 184.26M | 246.82M | 183.42M | 150.82M | 111.32M | 85.36M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 1.14 | 0.75 | 0.61 | 0.07 | 1.01 | 0.99 | 0.66 | 0.91 | 0.97 | 1.28 | 2.25 | 1.68 | 2.03 | 2.63 | 1.93 | 2.51 | 1.84 | 1.50 | 1.10 | 0.85 |
| EPS Growth % | 12.87% | -24.24% | -7.58% | -92.13% | 4.12% | -22.66% | -70.67% | -45.83% | -52.22% | -51.33% | 16.58% | -33.07% | 10.33% | 75.33% | 75.45% | 195.29% | 71.96% | 689.47% | 678.95% | 60.38% |
| EPS (Basic) | 1.15 | 0.76 | 0.62 | 0.07 | 1.02 | 1.00 | 0.67 | 0.92 | 0.98 | 1.31 | 2.29 | 1.70 | 2.05 | 2.67 | 1.96 | 2.54 | 1.86 | 1.52 | 1.12 | 0.86 |
| Diluted Shares Outstanding | 82.93M | 82.79M | 84.46M | 85.06M | 86.88M | 88.33M | 89.39M | 91.12M | 91.26M | 91.79M | 93.18M | 92.63M | 92.46M | 92.75M | 95.64M | 98.39M | 99.49M | 100.29M | 101.12M | 100.63M |
| Basic Shares Outstanding | 82.01M | 81.44M | 83M | 84.11M | 86.01M | 86.85M | 88.09M | 90.09M | 90.43M | 90.25M | 91.5M | 91.49M | 91.44M | 91.19M | 94.05M | 97.31M | 98.66M | 99.03M | 99.65M | 99.66M |
| Dividend Payout Ratio | 30.43% | 46.11% | 55.01% | 454.34% | 32.1% | 32.73% | 48.95% | 33.64% | 31.54% | 23.59% | 13.53% | 17.08% | 14.14% | 10.79% | 14.65% | 10.22% | 13.96% | 15.75% | 21.46% | 25.67% |