Avnet (AVT) Expected to Announce Earnings on Wednesday

Avnet (NASDAQ:AVT) will likely be announcing its Q3 2026 results before the market opens on Wednesday, April 29th. Analysts expect the company to announce earnings of $1.33 per share and revenue of $6.3878 billion for the quarter. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. Investors can check the company’s upcoming Q3 2026 earning summary page for the latest details on the call scheduled for Wednesday, April 29, 2026 at 12:00 PM ET.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. The firm had revenue of $6.32 billion for the quarter, compared to the consensus estimate of $6.03 billion. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The firm’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.87 EPS. On average, analysts expect Avnet to post $5 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Avnet Trading Up 1.3%

NASDAQ:AVT opened at $75.26 on Wednesday. The firm has a market cap of $6.16 billion, a P/E ratio of 30.84, a PEG ratio of 0.55 and a beta of 0.90. The company has a current ratio of 2.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.50. The stock’s 50 day simple moving average is $64.49 and its 200-day simple moving average is $55.65. Avnet has a 12-month low of $44.25 and a 12-month high of $75.87.

Avnet Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, March 4th. Avnet’s dividend payout ratio (DPR) is currently 57.38%.

Hedge Funds Weigh In On Avnet

A number of institutional investors have recently made changes to their positions in AVT. AQR Capital Management LLC increased its stake in Avnet by 30.7% in the fourth quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock valued at $142,394,000 after purchasing an additional 695,929 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased its stake in Avnet by 5.3% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 2,011,676 shares of the company’s stock valued at $105,170,000 after purchasing an additional 101,873 shares during the last quarter. Morgan Stanley grew its position in Avnet by 16.2% during the fourth quarter. Morgan Stanley now owns 1,524,945 shares of the company’s stock valued at $73,319,000 after acquiring an additional 212,573 shares during the period. Bank of America Corp DE grew its position in Avnet by 13.9% during the third quarter. Bank of America Corp DE now owns 1,041,359 shares of the company’s stock valued at $54,442,000 after acquiring an additional 127,118 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Avnet by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 967,566 shares of the company’s stock valued at $46,521,000 after acquiring an additional 26,561 shares during the period. 95.78% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AVT has been the subject of several recent analyst reports. Wall Street Zen raised Avnet from a “hold” rating to a “buy” rating in a report on Saturday, January 31st. Weiss Ratings cut Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, March 19th. Wells Fargo & Company raised their price target on Avnet from $43.00 to $48.00 and gave the company an “underweight” rating in a report on Thursday, January 29th. Zacks Research raised Avnet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Finally, Truist Financial raised Avnet from a “hold” rating to a “buy” rating and raised their price target for the company from $65.00 to $80.00 in a report on Monday, April 13th. One investment 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 data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $59.33.

Avnet Company Profile

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.