Avnet (NASDAQ:AVT) Posts Earnings Results, Beats Estimates By $0.48 EPS

Posted by Francis Steltz on Aug 5th, 2026

Avnet (NASDAQ:AVT – Get Free Report) issued its earnings results on Wednesday. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.48, FiscalAI reports. The business had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The firm’s revenue was up 47.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.81 EPS. Avnet updated its Q1 2027 guidance to 2.800-2.900 EPS.

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

Record fourth-quarter performance: Avnet reported $8.3 billion in sales, up 48% year over year, with adjusted EPS of $2.28 and adjusted operating margin of 3.8%, both above guidance.
Management cited a broadening demand recovery, with all regions and end markets showing improvement, book-to-bill ratios above one, extending lead times, and healthy backlog visibility into fiscal 2027.
Operating leverage continued to expand margins, while Farnell’s operating margin rose to 9%; management expects Farnell to reach double-digit margins before the end of fiscal 2027 and SG&A as a percentage of gross profit to fall below 60%.
Avnet guided first-quarter fiscal 2027 sales to $9.0 billion-$9.3 billion and adjusted EPS to $2.80-$2.90, implying roughly 10% sequential sales growth at the midpoint, primarily from higher unit volumes.
Memory pricing accounted for roughly one-third of sales and gross-profit-dollar growth, while broader component price increases are emerging; the company also expects to use cash to fund inventory and receivables as growth accelerates, despite leverage improving to 3.2 times.

Avnet Price Performance

Avnet stock traded up $4.69 during trading hours on Wednesday, hitting $97.22. 2,723,022 shares of the stock were exchanged, compared to its average volume of 1,238,469. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.05 and a current ratio of 2.01. The stock has a market capitalization of $7.97 billion, a P/E ratio of 37.83, a P/E/G ratio of 0.28 and a beta of 1.09. Avnet has a 12 month low of $44.25 and a 12 month high of $98.67. The business’s 50-day moving average is $87.72 and its two-hundred day moving average is $74.70.

Avnet Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were given a $0.35 dividend. The ex-dividend date was Wednesday, June 3rd. This represents a $1.40 dividend on an annualized basis and a yield of 1.4%. Avnet’s payout ratio is 54.47%.

Key Avnet News

Here are the key news stories impacting Avnet this week:

Positive Sentiment: Fourth-quarter results exceeded expectations. Avnet reported adjusted earnings of $2.28 per share, versus the $1.76–$1.80 analyst consensus, while revenue reached $8.30 billion compared with expectations of approximately $7.56 billion. Revenue increased 47.7% from the prior-year quarter, and earnings rose sharply from $0.81 per share. Avnet Q4 Earnings and Revenues Surpass Estimates
Positive Sentiment: Fiscal 2027 first-quarter guidance was well above Wall Street forecasts. Avnet projected revenue of $9.0 billion to $9.3 billion and earnings of roughly $2.80 to $2.90 per share, compared with consensus estimates of $7.6 billion in revenue and $1.84 EPS. The outlook suggests momentum is continuing into the new fiscal year. Avnet Earnings Report
Positive Sentiment: Growth was broad enough to support the upbeat reaction. Fiscal 2026 sales totaled $27.6 billion, up 25% year over year. Fourth-quarter Electronic Components sales were $7.8 billion, while Farnell contributed $500.1 million; the company also returned capital through dividends and share repurchases. Avnet Reports Fourth Quarter and Fiscal 2026 Financial Results
Neutral Sentiment: Investors will likely focus on whether Avnet can sustain the unusually strong growth and convert higher sales into improved profitability, given the reported net margin of only 0.86%.
Negative Sentiment: Recent insider activity showed sales by the chief executive, chief financial officer, and another senior executive. These transactions may temper sentiment, although they do not offset the earnings and guidance beats. Avnet Reports Record Fourth-Quarter Sales

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Vident Advisory LLC increased its holdings in Avnet by 11.1% during the 3rd quarter. Vident Advisory LLC now owns 6,167 shares of the company’s stock valued at $322,000 after purchasing an additional 618 shares in the last quarter. Cetera Investment Advisers boosted its stake in Avnet by 14.8% in the fourth quarter. Cetera Investment Advisers now owns 6,627 shares of the company’s stock worth $319,000 after purchasing an additional 855 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Avnet during the fourth quarter worth $300,000. Evergreen Capital Management LLC bought a new stake in shares of Avnet during the second quarter worth $243,000. Finally, Verdad Advisers LP acquired a new stake in shares of Avnet in the fourth quarter valued at $240,000. Institutional investors own 95.78% of the company’s stock.

Wall Street Analyst Weigh In

AVT has been the subject of a number of analyst reports. Raymond James Financial restated a “strong-buy” rating and set a $95.00 price target on shares of Avnet in a research note on Thursday, April 30th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 25th. Weiss Ratings downgraded Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 28th. Bank of America raised Avnet from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $66.00 to $96.00 in a research note on Wednesday, May 13th. Finally, Wells Fargo & Company upped their price target on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.50.

Check Out Our Latest Stock Report on Avnet

Avnet Company Profile

(Get Free Report)

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.