Avnet(US:AVT)2025-10-29 16:00Financial Performance - Q1 FY26 - Revenue reached $5.9 billion, a 5% year-over-year increase[11] - Adjusted operating margin was 2.6%[11], a decrease of 46 bps year-over-year[17] - Adjusted diluted EPS was $0.84, a 9% decrease year-over-year[11, 20] - SG&A expenses as a percentage of gross profit increased to 75.6% from 72.2% in Q1 FY25[13, 14] Regional and Segment Performance - Asia accounted for 49% of revenue[12], with a 10% year-over-year growth in constant currency[12] - Americas showed a 3% year-over-year revenue growth in constant currency[12] - EMEA region's revenue was flat year-over-year, but decreased by 6% in constant currency[7, 12] - Electronic Components segment revenue was $5.5 billion, a 5% increase year-over-year[12] - Farnell segment revenue was $399 million, a 15% increase year-over-year[12] Balance Sheet and Liquidity - Inventory was $5.4 billion, an increase of $185 million quarter-over-quarter[22] Outlook for Q2 FY26 - Sales are projected to be between $5.85 billion and $6.15 billion, with a midpoint of $6.00 billion[23] - Adjusted diluted EPS is expected to be between $0.90 and $1.00, with a midpoint of $0.95[23]