Avnet (AVT) Q4 2026 Earnings Call Transcript

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DATE

Wednesday, Aug. 5, 2026 astatine 12:00 p.m. ET

CALL PARTICIPANTS

• Director of Investor Relations - Lisa Mueller

• Chief Executive Officer - Philip Gallagher

• Chief Financial Officer - Ken Jacobson

Full Conference Call Transcript

Operator: Welcome to the Avnet Fourth Quarter Fiscal Year 2026 Earnings Call. I would present similar to crook the level implicit to Lisa Mueller, Director of Investor Relations for Avnet. Please spell ahead.

Lisa Mueller: Thank you, operator. I'd similar to invited everyone to Avnet's Fourth Quarter Fiscal Year 2026 Earnings Conference Call. This morning, Avnet released fiscal results for the 4th fourth of fiscal twelvemonth 2026, and the merchandise is disposable connected the Investor Relations conception of Avnet's website, on with a descent presentation, which you whitethorn entree astatine your convenience. As a reminder, immoderate of the accusation contained successful the quality merchandise and connected this league telephone incorporate forward-looking statements that impact risks, uncertainties and assumptions that are hard to predict. Such forward-looking statements are not a warrant of performance, and the company's existent results could disagree materially from those contained successful specified statements.

Several factors that could origin oregon lend to specified differences are described successful item successful Avnet's astir caller Form 10-Q and 10-K and consequent filings with the SEC. These forward-looking statements talk lone arsenic of the day of this presentation, and the institution undertakes nary work to publically update immoderate forward-looking statements oregon proviso caller accusation regarding the circumstances aft the day of this presentation. Please note, unless different stated, each results provided volition beryllium non-GAAP measures. The afloat non-GAAP to GAAP reconciliation tin beryllium recovered successful the property merchandise issued contiguous arsenic good arsenic successful the appendix slides of today's presumption and posted connected the Investor Relations website.

Today's telephone volition beryllium led by Phil Gallagher, Avnet's CEO; and Ken Jacobson, Avnet's CFO. With that, fto maine crook the telephone implicit to Phil Gallagher. Phil?

Philip Gallagher: Thank you, Lisa, and convey you, everyone, for joining america connected our 4th fourth and fiscal twelvemonth 2026 net call. I'm precise pleased to study an exceptional decorativeness to fiscal 2026. The 4th fourth results that came successful good supra our expectations and capped a twelvemonth of beardown show and meaningful advancement for Avnet. We delivered a grounds 4th crossed each cardinal metrics successful some our Electronic Components and Farnell businesses, supported by improving request crossed each of our halfway markets, beardown execution by our teams and expanded margins from the operating leverage inherent successful our concern model.