安富利 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the quarterly period ended December 27, 2025 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGEACT OF 1934 For the transition period from _____ to _____Commission File #1-4224 AVNET,INC.(Exact name of registrant as specified in its charter) 11-1890605(IRS EmployerIdentification No.) New York(State or other jurisdictionof incorporation or organization) 85034(Zip Code) N/A(Former name, former address and former fiscal year, if changed since last report.) Name of Each Exchange on Which registered:Nasdaq Global Select Market Common stock, par value $1.00 per share Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) ofthe Securities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90days. Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of RegulationS-T (§232.405 of this chapter) during the preceding 12months (or for suchshorter period that the registrant was required to submit such files). YesNo◻ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer,a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”,“accelerated filer”, “smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large Accelerated Filer☑Non-accelerated Filer☐Emerging Growth Company☐If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended Accelerated Filer☐Smaller Reporting Company☐ transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☑ As of January 24, 2026, the total number of shares outstanding of the registrant’s Common Stock was 81,862,967shares, net of treasury shares. AVNET, INC. AND SUBSIDIARIESINDEX Item1. Financial Statements (Unaudited)Consolidated Balance Sheets at December 27, 2025, and June 28, 20252Consolidated Statements of Operations for the second quarters and six months endedDecember 27, 2025, and December 28, 20243Consolidated Statements of Comprehensive Income for the second quarters and sixmonths ended December 27, 2025, and December 28, 20244Consolidated Statements of Shareholders’ Equity for the second quarters and six monthsended December 27, 2025, and December 28, 20245Consolidated Statements of Cash Flows for the six months ended December 27, 2025, andDecember 28, 20246Notes to Consolidated Financial Statements7Item2. Management’s Discussion and Analysis of Financial Condition and Results ofOperations19Item3. Quantitative and Qualitative Disclosures About Market Risk27Item4. Controls and Procedures27PART II. OTHER INFORMATIONItem1. Legal Proceedings27Item1A. Risk Factors28Item2. Unregistered Sales of Equity Securities and Use of Proceeds28Item6. Exhibits29Signature Page30 AVNET, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited) Table of Contents AVNET, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) AVNET, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY(Unaudited) AVNET, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) AVNET, INC. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 1. Basis of presentation and new accounting pronouncements In the opinion of management, the accompanying unaudited interim consolidated financialstatements contain all adjustments necessary to state fairly Avnet, Inc. and its consolidated subsidiaries’(collectively, the “Company” or “Avnet”) financial position, results of operations, comprehensive income,and cash flows. All such adjustments are of a normal recurring nature. Preparing financial statements in accordance with generally accepted accounting principles in theUnited States (“GAAP”) requires management to make estimates and assumptions that affect the amountsreported in the consolidated financial statements. Actual results may differ from these estimates andassumptions. Interim results of operations do not necessarily indicate the results to be expected for the full fiscalyear. The information included in this Form 10-Q should be read in conjunction with the consolidatedfinancial statements and accompanying notes included in the Company’s Annual Report on Form 10-K forthe fiscal year ended June 28, 2025. During the six months ended December 27, 2025, the Company added the following convertible debtaccou