Zacks Investment Research·5 days ago
Can Avnet Sustain Its AI and Data Center Growth Momentum Ahead?AVT's AI and data center exposure climb to 10-15% as strong Asia demand and infrastructure buildouts fuel growth across its business.
Avnet, Inc.(AVT)Earnings, Financials & Key Ratios
AVT•NASDAQ
$81.48
29.6× P/E·Price updated Jul 7, 2026
SectorTechnologyIndustryTech DistributorsSub-IndustryElectronic components distribution and marketplaces
AboutAvnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides integrated solutions, such as technical design, integration, and assembly of embedded products, and systems and solutions primarily for industrial applications, as well as for intelligent and innovative embedded display solutions comprising touch and passive displays. Further, it develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.Show more
- Revenue$22.2B-6.6%
- EBITDA$748M-24.1%
- Net Income$240M-51.8%
- EPS (Diluted)2.75-49.4%
- Gross Margin10.74%-7.7%
- EBITDA Margin3.37%-18.8%
- Operating Margin2.8%-21.1%
- Net Margin1.08%-48.5%
- ROE4.83%-53.1%
AVT Price & Volume
Avnet, Inc. (AVT) stock price & volume — 10-year historical chart
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Cyclical Revenue Volatility Masks Structural Margin Constraints
Investment Thesis • Updated 2026Q3
VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Deteriorating
Primary Risk:Cyclical working capital pressure
Key Thesis Takeaways
- Avnet remains highly susceptible to semiconductor inventory cycles, as evidenced by revenue growth swinging from a 15.1% contraction in 2024Q4 to a 33.9% expansion by 2026Q3.
- The company's reliance on external financing to manage working capital, coupled with a thin cash position of $202.4 million against a $22 billion revenue base, creates significant liquidity risk.
- Investors should remain cautious as the firm's inability to scale operating margins beyond the 2.5% to 3.8% range suggests limited pricing power in a competitive distribution landscape.
Verdict Logic
the company's aggressive capital allocation, including $138.3 million in buybacks during a 2026Q1 period of negative free cash flow, suggests an unsustainable approach to shareholder returns given the current 1.3% net margin.
AVT Growth Metrics
Avnet, Inc. (AVT) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years2.32%
5 Years4.71%
3 Years-2.98%
TTM12.68%
Profit CAGR
10 Years-8.31%
5 Years-
3 Years-29.73%
TTM-32.48%
EPS CAGR
10 Years-3.96%
5 Years-
3 Years-26.55%
TTM-27.97%
Return on Capital
10 Years7.97%
5 Years11.09%
3 Years11.67%
Last Year7.91%
AVT Recent Earnings
Avnet, Inc. (AVT) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 9/12 qtrs (75%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$1.48+11.3%
$1.33
Rev
$7.1B+10.3%
$6.5B
Q1 2026
Jan 28, 2026Metric
Actual
Est
EPS
$1.05+10.5%
$0.95
Rev
$6.3B+4.5%
$6.0B
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.84+2.8%
$0.82
Rev
$5.9B+2.7%
$5.7B
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.81+12.5%
$0.72
Rev
$5.6B+0.8%
$5.6B
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $1.48vs $1.33+11.3% | $7.1Bvs $6.5B+10.3% |
| Q1 2026 | Jan 28, 2026 | $1.05vs $0.95+10.5% | $6.3Bvs $6.0B+4.5% |
| Q4 2025 | Oct 29, 2025 | $0.84vs $0.82+2.8% | $5.9Bvs $5.7B+2.7% |
| Q3 2025 | Aug 6, 2025 | $0.81vs $0.72+12.5% | $5.6Bvs $5.6B+0.8% |
Based on last 12 quarters of dataView full earnings history →
Latest AVT News
Recent stock market news and headlines for Avnet, Inc. (AVT)
Zacks Investment Research·5 days ago
Avnet Jumps 81.5% YTD: Should You Buy, Sell or Hold the Stock?Avnet Inc. AVT shares have soared 81.5% in the year-to-date period, outperforming the Zacks Electronics - Parts Distribution industry's 63% growth.
Zacks Investment Research·Jun 30, 2026
5 Low P/B Stocks That Investors Can Add to Their Portfolio in JulyPAGS, USNA, GM, NEXA and AVT stand out after passing low price-to-book value screens, highlighting five stocks that merit a closer look in July.
Zacks Investment Research·Jun 30, 2026
New Strong Buy Stocks for June 30thFMX, AVT, TLYS, RDDT and HG have been added to the Zacks Rank #1 (Strong Buy) List on June 30, 2026.
Zacks Investment Research·Jun 30, 2026
Best Income Stocks to Buy for June 30thFMX, AVT and BBDC made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 30, 2026.
Peers Comparison
Key metrics vs top competitors for Avnet, Inc. (AVT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $81.48 | $6.67B | 29.63 | -6.55% | 1.08% | 4.83% | 1.59% | |
| $193.88 | $9.91B | 17.74 | 10.49% | 2.17% | 11.03% | — | |
| $235.67 | $18.85B | 23.69 | 6.94% | 1.63% | 13.12% | — | |
| $307.21 | $14.97B | 23.54 | 7.76% | 2.79% | 13.71% | — | |
| $112.14 | $3.39B | 23.07 | -5.22% | 2.17% | 11.17% | — | |
| $139.23 | $17.79B | 17.23 | 6.79% | 4.7% | 42.37% | — |
Compare AVT vs Peers
Avnet, Inc. (AVT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
AVT SEC Filings & Documents
Avnet, Inc. (AVT) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Apr 29, 2026·SEC
Material company update
Jan 28, 2026·SEC
Material company update
Nov 21, 2025·SEC
10-K Annual Reports
1FY 2024
Aug 14, 2024·SEC
10-Q Quarterly Reports
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AVT Frequently Asked Questions
Avnet, Inc. (AVT) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Avnet, Inc.'s revenue?
Avnet, Inc. (AVT) reported $24.96B in revenue for fiscal year 2025. This represents a 379% increase from $5.21B in 1996.
How fast is Avnet, Inc. growing?
Avnet, Inc. (AVT) saw revenue decline by 6.6% over the past year.
Is AVT profitable?
Yes, Avnet, Inc. (AVT) is profitable, generating $213.9M in net income for fiscal year 2025 (1.1% net margin).
Dividend & Returns
Does AVT pay dividends?
Yes, Avnet, Inc. (AVT) pays a dividend with a yield of 1.59%. This makes it attractive for income-focused investors.
What is AVT's return on equity?
Avnet, Inc. (AVT) has a return on equity (ROE) of 4.8%. This is below average, suggesting room for improvement.
What is Avnet, Inc.'s free cash flow?
Avnet, Inc. (AVT) generated $32.9M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.