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Avnet AVT Electronic Components — Restructuring Charges
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Where this comes from
Reported directly by Avnet in its filing.
Tagged under the XBRL concept us-gaap:RestructuringCharges.
The source filing: Avnet’s 10-Q, filed April 30, 2026.
- Filed
- Apr 30, 2026, 6:12 PM EDT
- Fiscal quarter
- Q3 FY2026
- Calendar quarter
- Q1 2026
- Accession
- 0000008858-26-000042
Severance expense recorded in the first nine months of fiscal 2026 related to the reduction, or planned reduction, of over 200 employees, primarily in business operations and support functions. Of the $18.9 million in restructuring expenses recorded in the first nine months of fiscal 2026, $15.1 million related to EC, and $3.8 million related to Farnell. The Company expects the majority of the remaining amounts to be paid by the end of fiscal 2026.
Item 1. Financial Statements (Unaudited)
FAQ
- What is Avnet's electronic components — restructuring charges?
- Avnet (AVT) reported electronic components — restructuring charges of $7.7M in Q1 2026.
- How has Avnet's electronic components — restructuring charges changed year-over-year?
- Avnet's electronic components — restructuring charges increased by 120.0% year-over-year, from $3.5M to $7.7M.
- What does electronic components — restructuring charges mean?
- These are one-time costs associated with reorganizing the segment's operations, such as severance packages, facility closures, or system consolidations. These charges are typically excluded from core operating performance metrics to show underlying business trends.
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