Weekly Recap: Record sales and $1.2 billion working-capital investment

Avnet, Inc. (NASDAQ:AVT) reported record first-quarter fiscal 2027 sales of $10.72 billion, up 81.7% year over year, and record adjusted EPS of $3.63, while gross margin fell 40 basis points to 10.0%. The company invested $1.2 billion in working capital to support higher quarterly sales.

Previous Week Recap

• Record Sales And Adjusted EPS: Avnet (AVT) posted record first-quarter fiscal 2027 sales of $10.72 billion, up 81.7% year over year. Adjusted EPS hit a record $3.63; gross margin fell 40 basis points to 10.0%.
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• Working Capital Investment And Debt: Avnet invested $1.2 billion in working capital to support higher quarterly sales, using about $842 million in operating cash flow and adding roughly $950 million in debt.
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  MarketBeat
• Strong Demand, Rising Backlog: Avnet (AVT) reported strong demand across key markets, with regional book-to-bill ratios above parity. Backlog and delinquencies rose as lead times extended.
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  MarketBeat
• Memory Prices Drove Sales Growth: Avnet said tighter supply hit memory and other components. Higher memory prices drove about one-third of year-over-year and sequential sales growth.
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  MarketBeat
• Wells Fargo Maintains Underweight Rating: - Avnet, Inc. (AVT) received a maintained Underweight rating from Wells Fargo, which raised its price target to $85 from $80.
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  TradingView
• Working Capital Returns Improve: Avnet (AVT) lifted return on working capital to 25% from 19% last quarter and 10% a year ago. Inventory was 72 days; net working capital fell five days to 64.
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  BusinessWire
• White Paper On Embodied AI: Avnet (AVT) and partners published a white paper on Nov. 4, 2026, covering embodied AI system integration, technology choices, development and lifecycle planning for industrial use.
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  PR Newswire