Debt (Tables)

3 Months Ended

Oct. 03, 2026

Debt

Short-term debt

Short-term debt consists of the following (carrying balances in thousands):

	October 3,		June 27,		October 3,		June 27,
	2026		2026		2026		2026
	Interest Rate				Carrying Balance
Accounts receivable securitization program	—		4.49	%	$	—	$	500,000
Convertible Notes (September 2030)(1)	1.75	%	—			650,000		—
Term loans - current portion	4.44	%	4.07	%		89,323		89,806
Other short-term debt	3.93	%	4.49	%		122,128		144,146
Short-term debt					$	861,451	$	733,952

⁽¹⁾The Company classified its $650 million of 1.75% Convertible Notes as short-term debt following the satisfaction of certain conversion conditions. As the Avnet share price exceeded approximately $91 for more than 20 trading days in a 30 day consecutive period during the quarter, the note holders have the ability to put the notes to Avnet for redemption for 90 days from the balance sheet date.

Long-term debt

	October 3,		June 27,		October 3,		June 27,
	2026		2026		2026		2026
	Interest Rate				Carrying Balance
Accounts receivable securitization program (due July 2028)	3.91	%	—		$	25,400	$	—
Credit Facility (due January 2030)	3.92	%	4.82	%		1,181,000		557,000
Term loans - noncurrent portion	5.00	%	4.17	%		458,705		173,925
Other long-term debt	4.74	%	4.74	%		16,853		18,481
Public notes due:
March 2028	6.25	%	6.25	%		500,000		500,000
September 2030 (Convertible Notes)	—		1.75	%		—		650,000
May 2031	3.00	%	3.00	%		300,000		300,000
September 2031	5.65	%	—			550,000		—
June 2032	5.50	%	5.50	%		300,000		300,000
Long-term debt before discount and debt issuance costs						3,331,958		2,499,406
Discount and debt issuance costs – unamortized						(25,523)		(20,542)
Long-term debt					$	3,306,435	$	2,478,864