Avnet (NASDAQ:AVT) Posts Quarterly Earnings Results, Beats Estimates By $0.15 EPS

Avnet (NASDAQ:AVT) posted its quarterly earnings data on Wednesday. The company reported $1.48 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.15, FiscalAI reports. Avnet had a net margin of 0.86% and a return on equity of 7.07%. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.45 billion. During the same quarter last year, the business earned $0.84 earnings per share. The business’s revenue for the quarter 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 Stock Down 2.4%

Shares of AVT stock traded down $1.94 during trading on Friday, hitting $80.57. 263,627 shares of the company were exchanged, compared to its average volume of 1,176,429. The business’s 50-day simple moving average is $66.35 and its 200 day simple moving average is $56.94. Avnet has a twelve month low of $44.25 and a twelve month high of $84.07. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 31.39, a P/E/G ratio of 0.61 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.07 and a current ratio of 2.01.

Avnet Announces Dividend

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

Wall Street Analysts Forecast Growth

AVT has been the subject of a number of research reports. Weiss Ratings lowered Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, March 19th. Truist Financial upped their price objective on Avnet to $95.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $95.00 target price on shares of Avnet in a research note on Thursday. Wall Street Zen upgraded shares of Avnet from a “hold” rating to a “buy” rating in a research report on Saturday, January 31st. Finally, Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $77.50.

Avnet News Roundup

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Q3 beat and record sales — Avnet reported Q3 FY2026 EPS of $1.48 vs. $1.33 expected and revenue of $7.12B (up ~34%), driven by record Electronic Components demand; management set Q4 EPS guidance of $1.70–1.80, supporting upside to earnings. Avnet’s Q3 Earnings Beat Estimates on Record Components Sales
• Positive Sentiment: Reached a 52?week high — analysts and investors pushed AVT to fresh highs on the earnings beat, signaling strong momentum and renewed confidence in the company’s growth trajectory. Avnet, Inc. (AVT) Hit a 52 Week High, Can the Run Continue?
• Positive Sentiment: Market/composite recognition — Avnet was noted for joining a 95?plus composite rating club, a signal some quant/quality models use to favor the stock. Avnet earns membership in 95-plus composite rating club
• Neutral Sentiment: Zacks and sector coverage highlight AVT as a strong value/relative outperformer vs. some peers, providing additional analysis on style and sector positioning rather than new company-specific catalysts. Here’s Why Avnet (AVT) is a Strong Value Stock
• Neutral Sentiment: Earnings call and transcript coverage — multiple transcripts and summaries are available; they reinforce the growth narrative but also flag execution details investors should watch (supply/demand trends by region/component). Avnet, Inc. (AVT) Q3 2026 Earnings Call Transcript
• Negative Sentiment: Analyst stance is mixed/cautious — Wells Fargo raised its price target (to $70) but maintained an “underweight” rating; several published targets still sit below the recent market price, creating potential downside risk if momentum fades. Benzinga report on Wells Fargo price target change
• Negative Sentiment: Rising risks flagged on the call — some analyst writeups and call highlights note elevated risks (macro, supply volatility, margin pressure), which could prompt profit?taking after the strong run. Avnet Earnings Call Highlights Record Growth, Rising Risks

Institutional Investors Weigh In On Avnet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC increased its stake in shares of Avnet by 2.1% during the 4th quarter. Quadrant Capital Group LLC now owns 8,778 shares of the company’s stock worth $422,000 after purchasing an additional 184 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of Avnet by 0.8% in the 4th quarter. Deutsche Bank AG now owns 31,122 shares of the company’s stock valued at $1,496,000 after purchasing an additional 234 shares during the last quarter. MML Investors Services LLC lifted its stake in shares of Avnet by 5.9% in the 4th quarter. MML Investors Services LLC now owns 4,669 shares of the company’s stock valued at $224,000 after purchasing an additional 261 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in Avnet by 1.0% in the second quarter. Lazard Asset Management LLC now owns 28,877 shares of the company’s stock worth $1,532,000 after purchasing an additional 279 shares in the last quarter. Finally, Focus Partners Wealth increased its position in Avnet by 5.0% during the third quarter. Focus Partners Wealth now owns 6,585 shares of the company’s stock worth $352,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

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.