What is Avnet's income tax?

Avnet (AVT) reported income tax of $46.24M in Q1 2026.

How has Avnet's income tax changed year-over-year?

Avnet's income tax increased by 573.0% year-over-year, from -$9.78M to $46.24M.

What is the long-term trend for Avnet's income tax?

Over 3 years (2022 to 2025), Avnet's income tax has grown at a -58.1% compound annual growth rate (CAGR), from $140.96M to $10.35M.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Avnet AVT Income Tax

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Other financials

Income statement

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Revenue$7.1B+33.9%

Gross profit$739.1M+25.7%

Operating income$205.5M+43.5%

Net income$94.3M+7.3%

EPS (diluted)$1.14+12.9%

Balance sheet

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Cash & equivalents$202.4M+7.2%

Total debt$3.2B+12.0%

Total equity$5.0B+1.4%

Total assets$13.5B+15.2%

Cash flow

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Operating cash flow$208.2M-38.4%

CapEx$16.9M-36.9%

Free cash flow-$70.7M-162%

Valuation

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Market cap$7.5B+21.3%

Enterprise value$10.47B+17.8%

P/E35.1×+15.5×

P/S0.3×0.0×

Profitability

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Gross margin10.5%-0.5pp

Operating margin2.3%-0.5pp

Net margin0.9%-0.6pp

FCF margin0.1%-3.2pp

Returns & leverage

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Return on equity4.3%-2.1pp

Debt / equity0.6×+0.1×

Current ratio2×-0.4×

Where this comes from

Reported directly by Avnet in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Avnet’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Avnet's income tax?: Avnet (AVT) reported income tax of $46.24M in Q1 2026.
How has Avnet's income tax changed year-over-year?: Avnet's income tax increased by 573.0% year-over-year, from -$9.78M to $46.24M.
What is the long-term trend for Avnet's income tax?: Over 3 years (2022 to 2025), Avnet's income tax has grown at a -58.1% compound annual growth rate (CAGR), from $140.96M to $10.35M.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.