Avnet Q1 sales jump 82%; extra week changes next-quarter growth comparison
An extra reporting week boosted Avnet's latest sales. It also makes next quarter's projected growth look smaller against the reported base.
Avnet's sales surge needs a calendar check before investors compare it with the next forecast. The latest quarter contained more selling time than its comparison periods. That helps explain both a bigger historical growth rate and a smaller sequential rate in the outlook.
The technology distributor, listed on Nasdaq as AVT, said in its November 4 results that fiscal first-quarter sales reached $10.718 billion, up approximately 82% from a year earlier. The quarter ended October 3, 2026 contained 14 weeks, against 13 in both the year-earlier quarter and the preceding quarter.
The extra week works on both comparisons
Avnet estimates that the additional week contributed $654 million of sales. Its reconciliation leaves $10.064 billion after that adjustment, with year-over-year growth of about 71%. That remains substantial growth, even after allowing for the longer calendar.
Now turn to the forecast. Avnet projects second-quarter sales of $11.1 billion to $11.4 billion for the period ending January 2, 2027. It says the $11.25 billion midpoint implies approximately 5% sequential growth against reported first-quarter sales, or 12% after adjusting for the extra week. The outlook assumes a similar supply of electronic components from suppliers.
The two forecast growth rates describe the same sales target. What changes is the starting point. Using a first quarter inflated by an additional week raises the hurdle for the next quarter's percentage comparison.
The adjustment is an estimate of that week's sales, rather than a claim that revenue arrived evenly each week. It also does not strip out every possible influence on sales, isolate AI demand or turn guidance into a completed result.
For the next report, compare actual sales with the forecast and keep the reporting calendars alongside the growth rates. A lower percentage against a larger base does not, by itself, establish weaker underlying demand.