Avnet (NASDAQ:AVT) Issues Earnings Results

Avnet (NASDAQ:AVT) announced its earnings results on Wednesday. The company reported $1.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.15, FiscalAI reports. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.39 billion. During the same quarter in the prior year, the business earned $0.84 earnings per share. The company’s revenue was up 34.0% on a year-over-year basis. Avnet updated its Q4 2026 guidance to 1.700-1.800 EPS.

Here are the key takeaways from Avnet’s conference call:

• Record quarter: Avnet reported $7.1 billion in sales (up 34% YoY), with Electronic Components delivering record revenues, adjusted EPS of $1.48 above guidance, and consecutive operating margin expansion (EC 3.5%, Farnell 5.2%).
• Demand and backlog strengthened across key end markets—data center, industrial and networking—book-to-bill is above parity in all regions, and Asia reached a record ~$3.5 billion in the quarter.
• Working capital and leverage improvement: inventory days fell to 77 (below the near-term target of 80), working capital days to 76, gross leverage down to 3.6x with a plan to reach ~3x by year-end and ~$1.7 billion of committed borrowing capacity.
• Pricing and supply dynamics: management said roughly half of sequential sales growth was driven by higher memory prices, lead times have extended in over 50% of tracked product categories, and additional price increases are expected in coming months.
• Outlook and capital allocation: Q4 guidance of $7.3–$7.6 billion sales and $1.70–$1.80 EPS, continued investments in digital/distribution, and ongoing shareholder returns (YTD $224M; $226M of buyback authorization remaining).

Avnet Price Performance

Shares of AVT stock opened at $81.53 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.07 and a quick ratio of 1.07. The stock’s fifty day simple moving average is $66.02 and its 200 day simple moving average is $56.76. Avnet has a one year low of $44.25 and a one year high of $82.51. The firm has a market cap of $6.67 billion, a price-to-earnings ratio of 33.41, a P/E/G ratio of 0.58 and a beta of 0.90.

Avnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th were paid a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, March 4th. This represents a $1.40 annualized dividend and a yield of 1.7%. Avnet’s payout ratio is currently 57.38%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AVT. Wall Street Zen raised Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Truist Financial set a $95.00 price objective on Avnet in a research report on Wednesday. Wells Fargo & Company increased their price objective on Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a research report on Thursday, January 29th. Weiss Ratings cut Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, March 19th. Finally, Zacks Research raised Avnet from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $64.33.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Summit Securities Group LLC acquired a new position in Avnet during the fourth quarter worth $28,000. BOKF NA raised its stake in Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after acquiring an additional 536 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in Avnet during the fourth quarter worth $90,000. EverSource Wealth Advisors LLC increased its stake in shares of Avnet by 81.8% in the second quarter. EverSource Wealth Advisors LLC now owns 1,918 shares of the company’s stock valued at $102,000 after buying an additional 863 shares in the last quarter. Finally, Quarry LP increased its stake in shares of Avnet by 6,080.5% in the fourth quarter. Quarry LP now owns 2,534 shares of the company’s stock valued at $122,000 after buying an additional 2,493 shares in the last quarter. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Q3 results materially beat expectations: GAAP EPS $1.48 vs. consensus $1.33 and revenue $7.12B vs. $6.39B consensus, with revenue up ~34% year?over?year — a clear driver of the rally. Read More.
• Positive Sentiment: Management raised Q4 FY2026 guidance well above Street expectations: EPS guidance of $1.70–$1.80 (consensus ~$1.40) and revenue guidance of $7.3B–$7.6B (consensus ~$6.4B), which supports upward revisions to model and valuation. Read More.
• Positive Sentiment: Analyst reaction: at least one published update raised AVT’s price target, reflecting the stronger quarter and guidance — a positive catalyst for investor sentiment. Read More.
• Neutral Sentiment: Earnings call and full transcripts are available for deeper review — useful for investors wanting management commentary on demand, supply-chain and margin drivers. Read More.
• Neutral Sentiment: Third?party writeups (Zacks, Yahoo) corroborate the beats and break down key metrics vs. estimates — helpful for modeling but add little beyond the release. Read More.
• Negative Sentiment: Management flagged “rising risks” on the call — investors should watch comments on demand variability, margin pressure and integration/supply risks that could temper the outlook if conditions weaken. Read More.

About Avnet

Avnet, Inc (NASDAQ: AVT) is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet’s offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management.

Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise.