Avnet, Inc. (AVT) Expects Q2 Sales to Grow Approximately 5% Sequentially at Midpoint

What happened

Avnet reported fiscal first-quarter 2027 results and said its second-quarter sales guidance implies growth of approximately 5% from the first quarter at the midpoint, or 12% after adjusting for the first quarter’s extra week. The supplied text provides no actual first-quarter financial figures.

Confirmed

Global impact / market context

The forecast points to higher sales in the next quarter, which could support revenue if component supply remains similar to the first quarter. However, the missing first-quarter figures make it harder to judge Avnet’s starting point or compare the outlook with recent performance.

Analyst inference

The two growth figures use different comparisons: about 5% reflects the reported quarter-to-quarter change, while 12% adjusts for the first quarter’s extra week. That adjustment helps explain the timing effect, but does not provide actual sales or profit figures.

Confirmed

What to watch

1. Avnet’s reported first-quarter financial figures, which are absent from the supplied text, would establish the sales and earnings baseline for assessing the second-quarter outlook. Confirmed
2. The second-quarter outlook assumes component supply similar to the first quarter; a change in available supply could make it harder to deliver the guided sales growth. Confirmed
3. Compare the eventual second-quarter sales and earnings with management’s guidance to see whether the expected growth translated into stronger revenue and profit per sale. Analyst inference

Evidence

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