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Avnet Inc (AVT) stock

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NASDAQ: AVT Nasdaq Technology Distributors Next results ~November 4, 2026

C+ Fundamentals grade

Avnet Inc is a US-listed company in the technology distributors industry. Its financial year ends in June.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: after-tax interest is 80% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

Price vs value

Under review: after-tax interest is 80% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy. We'll show the comparison once resolved.

Avnet Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 5 selling1 purchase and 9 sales by directors and officers, last 12 monthsInsider trades
  • Funds279 adding, 189 cuttingOf 75 active managers that changed their stake, 40 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Avnet files

Where Avnet stands after its latest 10-K

Revenue for the twelve months to June 2026 was $27.6bn, up 24.5% on a year earlier, faster than 12.7% a quarter earlier. That growth ranks 139 of 931 among all the companies we cover. Free-cash-flow margin fell to -1.3% from 2.6% a year earlier. The diluted share count is down 4.6% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 2 of our 7 financial-health checks. At that price, our model says the market is pricing in about 20.5% a year of cash-flow growth for five years, faster than the 7.2% a year revenue growth it has delivered.

Our model value for Avnet is under review, so past values are not shown until it is resolved.

Source: 10-K filed August 14, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Avnet Inc's trailing-twelve-month revenue grew 24.5% year on year, with a free-cash-flow margin of -1.3%. Where it stands out: change in growth rate of +11.8pp ranks 2 of 12 technology distributors companies we cover. Where it lags: free-cash-flow margin of -1.3% ranks 11 of 12 technology distributors companies we cover.

Our discounted-cash-flow model values the business at ~$120 per share in the base case (~$84–$170 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 24.5% (+11.8pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 24.5% over the last 12 months, against a median of 14.8% for technology distributors companies we cover.
  • Growth speeding up. The growth rate is 11.8 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 4.6% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 34.3% over 90 days.

Things to watch

  • Results due soon. Results are expected around 4 November; the share price can move sharply on the day.
  • Burning cash. Free cash flow was -1.3% of revenue over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 39% and a beta of 1.5 against the S&P 500.
  • Weak cash conversion. Free cash flow was -106% of net income over the last 12 months.
  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 16.1% ranks 7 of 8 technology distributors companies we cover (median 12.4%).
  • Heavily shorted. 11.2% of the shares available to trade are sold short (6.5 days of average volume to cover).

Latest results: FY2026 Q4

Filed August 14, 2026
Earnings per share
$2.28 against an average estimate of $1.77: beat by 28.8%
Revenue
$8.30bn, up 47.7% on a year earlier
Share reaction
+4.6% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
sales $9bn to $9.3bn (First Quarter of Fiscal 2027); adjusted Diluted EPS $2.8 to $2.9 (First Quarter of Fiscal 2027)
Next report
November 4, 2026; average EPS estimate $2.86

Avnet's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-2.2%
  • 1 week-3.8%
  • 1 month-19.4%
  • This year+81.8%
  • 1 year+81.7%
  • 5 years+144.4%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$27.6B
Operating margin
2.6%
Net margin
1.2%
EPS (TTM, diluted)
$4.01

Growth

Revenue growth
+24.5%
Change in growth rate
+11.8 pts
Share count change
−4.6%

Cash

Free cash flow (TTM)
-$354M
FCF margin
-1.3%
Stock pay % of revenue
0.2%

Earnings

Last results
August 5, 2026
Next results (est.)
November 4, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Product
  3. Agreement
  4. Product
  5. Announcement
  6. Dividend
  7. Insider trade
  8. Product
  9. Insider trade
  10. Results
  11. Guidance
  12. Product
  13. Product
  14. Results
  15. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Avnet Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: held for review: after-tax interest is 80% of the cash flow left for shareholders; our flat discount rate doesn't yet reflect debt this heavy.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Avnet Inc as an operating company, with every model that fits that kind of business. Cost of equity 9.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.11 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$130 ~$110–$160 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$69 ~$49–$99 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$71 ~$62–$83 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Avnet Inc with Technology Distributors in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026
Share price$31.95$31.37$35.25$37.89$22.33$35.19$38.06$46.65$48.83$51.25$86.02
Market value$4.3bn$4.0bn$4.2bn$4.2bn$2.2bn$3.5bn$3.8bn$4.4bn$4.5bn$4.5bn$7.2bn
+ Net debt (− = net cash)$1.5bn$956m$1.0bn$1.2bn$955m$1.0bn$1.5bn$2.8bn$2.6bn$2.5bn$3.1bn
Enterprise value$5.7bn$5.0bn$5.3bn$5.4bn$3.2bn$4.5bn$5.3bn$7.1bn$7.1bn$7.0bn$10.3bn
Multiples
Price / sales 0.3x0.2x0.2x0.2x0.1x0.2x0.2x0.2x0.2x0.2x0.3x
Price / earnings 8.4x7.7x—23.8x—18.3x5.5x5.7x9.0x18.6x21.5x
Price / free cash flow 48.9x—43.3x10.2x3.4x86.8x——9.7x7.8x—
EV / EBITDA 8.8x8.3x11.9x9.8x18.0x11.0x5.1x5.6x7.6x11.9x12.8x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

31 /100

Weak moat

How hard Avnet's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Cash operating profit has been a median 3.1% of total assets over 10 years.

  • Pricing power 8 / 20

    Gross margin has been a median 11.8%, moving by 1.0 percentage points (standard deviation) across 10 years.

  • Durability 0 / 20

    Operating margin has been a median 2.4%; its worst year was -0.0%.

  • Cash conversion 6 / 20

    Free cash flow was positive in 6 of 10 years, at a median 0.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 16.7% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (36 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, before the open. Analysts expect revenue of $9.2bn and EPS of $2.86 (range $2.85 to $2.88) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $11.41 +101% $37.1bn +34%
Next $12.46 +9% $39.2bn +6%

Next year's EPS estimate has moved +34.3% in 90 days, across 3 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +43.0% on 90 days ago. In the last 30 days, 4 analysts raised Avnet Inc's forecast and 0 cut it.

Consensus EPS forecast Avnet Inc, last 90 days
$6.00 $8.00 $10.00 $12.00 $14.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.97 Current fiscal year, 60 days ago: $10.57 Current fiscal year, 30 days ago: $10.57 Current fiscal year, 7 days ago: $10.57 Current fiscal year, Now: $11.41 $11.41 Next fiscal year, 90 days ago: $9.28 Next fiscal year, 60 days ago: $11.05 Next fiscal year, 30 days ago: $11.05 Next fiscal year, 7 days ago: $11.05 Next fiscal year, Now: $12.46 $12.46

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.97$9.28
60 days ago $10.57$11.05
30 days ago $10.57$11.05
7 days ago $10.57$11.05
Now $11.41$12.46

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.77 $2.28 +28.8%
Mar 2026 $1.32 $1.48 +12.3%
Dec 2025 $0.95 $1.05 +10.2%
Sept 2025 $0.81 $0.84 +4.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • Sales First Quarter of Fiscal 2027 $9bn to $9.3bn
    “Sales $9.00B - $9.30B $9.15B” source
  • sequential sales growth (at the midpoint) first quarter about 10% growth
    “The first quarter guidance implies sequential sales growth of approximately 10% at the midpoint and assumes sales growth across all Electronic Components regions and Farnell.” source
  • Adjusted Diluted EPS First Quarter of Fiscal 2027 $2.80 to $2.90 Non-GAAP
    “Adjusted Diluted EPS (1) $2.80 - $2.90 $2.85” source
  • GAAP diluted earnings per share guidance first quarter of fiscal 2027 $2.57 to $2.77 GAAP
    “GAAP diluted earnings per share guidance $ 2.57 $ 2.77” source
  • adjusted effective tax rate first quarter of fiscal 2026 21% to 25% Non-GAAP
    “The first quarter guidance assumes similar interest expense to the fourth quarter of fiscal 2026 and an adjusted effective tax rate of between 21% and 25%.” source
  • average diluted shares outstanding first quarter about 85m
    “The first quarter guidance assumes 85 million average diluted shares outstanding.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

4 analysts, Oct 2026
Buy250%
Hold125%
Sell125%

Monthly trend

  1. Oct 20262114
  2. Sep 20262114
  3. Aug 20262114

Counts of recommendations published by analysts covering Avnet Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
11.2%
of tradable shares
Days to cover
6.52
at average volume
Short interest, 1 month
+7%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
1.3%
of shares
Employees
15,040
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +81.7%

$47.46 on October 31, 2025 to $86.24

ThenNowEffect
Revenue (last 12 months) $22.2bn $27.6bn +24.5%
Net margin 1.1% 1.2% +11.8%
P/E multiple 17.3x 21.5x +24.6%
Share count 87m 83m +4.8%

Biggest factor: p/e multiple.

Last 3 years +98.9%

$43.37 on November 3, 2023 to $86.24

ThenNowEffect
Revenue (last 12 months) $26.5bn $27.6bn +4.1%
Net margin 2.9% 1.2% −58.3%
P/E multiple 5.3x 21.5x +309.5%
Share count 93m 83m +11.9%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
AVT+20%+3%+24%+6%−6%+82%
Industry peers (median)+40%−12%+36%−2%−17%+45%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
AVT67%50%58%50%33%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
AVT−18%−27%−13%−13%−24%−19%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 58% from April 30, 2019 to March 18, 2020. Getting back needed a 140% gain, reached on May 4, 2022, 777 days after the low.

Price behaviour

52-week range
$43.47 – $106.94
From 52-week high
−19.4%
vs 50-day average
−8.9%
vs 200-day average
+6.7%
Volatility (1 year)
39%
Beta vs S&P 500
1.50

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±4.7%
After a week
7 up, 5 down
typical move ±6.8%
After a month
6 up, 6 down
typical move ±5.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 +4.6% −0.4% +5.2% −1.8%
April 29, 2026 +5.4% +1.0% +6.9% +11.1%
January 28, 2026 +19.1% −0.2% +21.5% +25.0%
October 29, 2025 −4.6% −1.1% −5.0% −6.0%
August 6, 2025 −1.3% +0.7% +5.5% +3.6%
April 30, 2025 −4.7% +0.7% −3.1% −2.4%
January 29, 2025 −1.9% +0.1% −3.5% −3.6%
October 30, 2024 −0.5% −2.3% +5.0% +0.5%
August 8, 2024 +6.0% +2.8% +9.3% −0.1%
May 1, 2024 −0.5% +0.6% +6.9% +11.7%
January 31, 2024 −5.2% −0.3% −8.2% −0.6%
November 1, 2023 −2.1% +3.0% −1.7% +2.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Avnet Inc in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Avnet Inc
$22B $24B $26B $28B FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue (TTM), FY24 Q1: $26.1B Revenue (TTM), FY24 Q2: $25.6B Revenue (TTM), FY24 Q3: $24.7B Revenue (TTM), FY24 Q4: $23.8B Revenue (TTM), FY25 Q1: $23B Revenue (TTM), FY25 Q2: $22.5B Revenue (TTM), FY25 Q3: $22.1B Revenue (TTM), FY25 Q4: $22.2B Revenue (TTM), FY26 Q1: $22.5B Revenue (TTM), FY26 Q2: $23.2B Revenue (TTM), FY26 Q3: $25B Revenue (TTM), FY26 Q4: $27.6B $27.6B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q1 $26.1B
FY24 Q2 $25.6B
FY24 Q3 $24.7B
FY24 Q4 $23.8B
FY25 Q1 $23B
FY25 Q2 $22.5B
FY25 Q3 $22.1B
FY25 Q4 $22.2B
FY26 Q1 $22.5B
FY26 Q2 $23.2B
FY26 Q3 $25B
FY26 Q4 $27.6B
Revenue growth, TTM YoY Avnet Inc
-20% -10% 0% 10% 20% 30% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Revenue growth, TTM YoY, FY24 Q1: 2.5% Revenue growth, TTM YoY, FY24 Q2: -2.7% Revenue growth, TTM YoY, FY24 Q3: -6.1% Revenue growth, TTM YoY, FY24 Q4: -10.5% Revenue growth, TTM YoY, FY25 Q1: -11.9% Revenue growth, TTM YoY, FY25 Q2: -12.2% Revenue growth, TTM YoY, FY25 Q3: -10.5% Revenue growth, TTM YoY, FY25 Q4: -6.6% Revenue growth, TTM YoY, FY26 Q1: -2.3% Revenue growth, TTM YoY, FY26 Q2: 3.0% Revenue growth, TTM YoY, FY26 Q3: 12.7% Revenue growth, TTM YoY, FY26 Q4: 24.5% 24.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q1 2.5%
FY24 Q2 -2.7%
FY24 Q3 -6.1%
FY24 Q4 -10.5%
FY25 Q1 -11.9%
FY25 Q2 -12.2%
FY25 Q3 -10.5%
FY25 Q4 -6.6%
FY26 Q1 -2.3%
FY26 Q2 3.0%
FY26 Q3 12.7%
FY26 Q4 24.5%
Operating margin (TTM) Avnet Inc
2% 3% 4% 5% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 Operating margin (TTM), FY24 Q1: 4.4% Operating margin (TTM), FY24 Q2: 4.2% Operating margin (TTM), FY24 Q3: 3.9% Operating margin (TTM), FY24 Q4: 3.6% Operating margin (TTM), FY25 Q1: 3.2% Operating margin (TTM), FY25 Q2: 2.9% Operating margin (TTM), FY25 Q3: 2.7% Operating margin (TTM), FY25 Q4: 2.3% Operating margin (TTM), FY26 Q1: 2.3% Operating margin (TTM), FY26 Q2: 2.2% Operating margin (TTM), FY26 Q3: 2.3% Operating margin (TTM), FY26 Q4: 2.6% 2.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q1 4.4%
FY24 Q2 4.2%
FY24 Q3 3.9%
FY24 Q4 3.6%
FY25 Q1 3.2%
FY25 Q2 2.9%
FY25 Q3 2.7%
FY25 Q4 2.3%
FY26 Q1 2.3%
FY26 Q2 2.2%
FY26 Q3 2.3%
FY26 Q4 2.6%
FCF margin (TTM) Avnet Inc
-2% 0% 2% 4% 6% FY24 Q1 FY24 Q4 FY25 Q3 FY26 Q4 FCF margin (TTM), FY24 Q1: -1.3% FCF margin (TTM), FY24 Q2: -0.3% FCF margin (TTM), FY24 Q3: 1.6% FCF margin (TTM), FY24 Q4: 2.0% FCF margin (TTM), FY25 Q1: 2.8% FCF margin (TTM), FY25 Q2: 4.8% FCF margin (TTM), FY25 Q3: 3.4% FCF margin (TTM), FY25 Q4: 2.6% FCF margin (TTM), FY26 Q1: 1.5% FCF margin (TTM), FY26 Q2: 0.9% FCF margin (TTM), FY26 Q3: 0.1% FCF margin (TTM), FY26 Q4: -1.3% -1.3%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q1 -1.3%
FY24 Q2 -0.3%
FY24 Q3 1.6%
FY24 Q4 2.0%
FY25 Q1 2.8%
FY25 Q2 4.8%
FY25 Q3 3.4%
FY25 Q4 2.6%
FY26 Q1 1.5%
FY26 Q2 0.9%
FY26 Q3 0.1%
FY26 Q4 -1.3%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Avnet took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $27.6B
  2. Cost of revenue $24.8B · 89.6%
  3. Gross profit $2.9B · 10.4%
  4. Selling, general and admin $2B · 7.3%
  5. Operating income $725M · 2.6%
  6. Interest and other $257M · 0.9%
  7. Net income $334M · 1.2%

Shares of revenue. Source: Avnet's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jul 2010 2011 Jul 2011 2012 Jun 2012 2013 Jun 2013 2014 Jun 2014 2015 Jun 2015 2016 Jul 2016 2017 Jul 2017 2018 Jun 2018 2019 Jun 2019 2020 Jun 2020 2021 Jul 2021 2022 Jul 2022 2023 Jul 2023 2024 Jun 2024 2025 Jun 2025 2026 Jun 2026
Income
Revenue 19.2 26.5 25.7 25.5 27.5 17.7 16.7 17.4 19.0 19.5 17.6 19.5 24.3 26.5 23.8 22.2 27.6
Gross profit 2.3 3.1 3.1 3.0 3.2 2.2 2.1 2.4 2.5 2.5 2.1 2.2 3.0 3.2 2.8 2.4 2.9
EBITDA 0.7 1.0 1.0 0.7 0.9 0.7 0.7 0.6 0.4 0.5 0.2 0.4 1.0 1.3 0.9 0.6 0.8
Operating income 0.6 0.9 0.9 0.6 0.8 0.7 0.6 0.4 0.2 0.4 −0.0 0.3 0.9 1.2 0.8 0.5 0.7
Net income 0.4 0.7 0.6 0.5 0.5 0.6 0.5 0.5 −0.2 0.2 −0.0 0.2 0.7 0.8 0.5 0.2 0.3
Diluted EPS $2.68 $4.34 $3.79 $3.21 $3.89 $4.12 $3.80 $4.08 −$1.30 $1.59 −$0.31 $1.93 $6.94 $8.26 $5.43 $2.75 $4.01
Growth (year on year)
Revenue +18.1% +38.5% −3.1% −1.0% +8.0% −35.8% −5.2% +4.2% +9.2% +2.5% −9.7% +10.8% +24.4% +9.2% −10.5% −6.6% +24.5%
EBITDA — +45.3% −5.3% −25.4% +23.5% −16.7% −11.3% −8.2% −25.9% +23.1% −67.5% — +152.0% +22.5% −27.0% −37.1% +36.8%
Operating income — +46.3% −4.9% −29.2% +26.2% −17.3% −12.3% −22.6% −52.8% — — — — +26.4% −28.9% −39.1% +40.9%
Net income — +63.0% −15.3% −20.6% — — −11.4% +3.7% −129.8% — — — — +11.3% −35.3% −51.8% —
Diluted EPS — +61.9% −12.7% −15.3% — — −7.8% +7.4% −131.9% — — — — +19.0% −34.3% −49.4% —
Margins
Gross margin 11.9% 11.7% 11.9% 11.7% 11.7% 12.5% 12.4% 13.6% 13.3% 12.7% 11.7% 11.5% 12.2% 12.0% 11.6% 10.7% 10.4%
EBITDA margin 3.6% 3.8% 3.7% 2.8% 3.2% 4.2% 3.9% 3.4% 2.3% 2.8% 1.0% 2.1% 4.3% 4.8% 3.9% 2.6% 2.9%
Operating margin 3.3% 3.5% 3.4% 2.5% 2.9% 3.7% 3.4% 2.5% 1.1% 1.9% −0.0% 1.4% 3.9% 4.5% 3.6% 2.3% 2.6%
Net margin 2.1% 2.5% 2.2% 1.8% 2.0% 3.2% 3.0% 3.0% −0.8% 0.9% −0.2% 1.0% 2.8% 2.9% 2.1% 1.1% 1.2%
Free-cash-flow margin −0.5% 0.5% 1.6% 2.4% 0.4% 2.6% 0.5% −2.8% 0.5% 2.1% 3.7% 0.2% −1.1% −3.4% 2.0% 2.6% −1.3%
Cash flow
Cash from operations −0.0 0.3 0.5 0.7 0.2 0.6 0.2 −0.4 0.3 0.5 0.7 0.1 −0.2 −0.7 0.7 0.7 −0.3
Capital spending 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.0 0.2 0.2 0.1 0.1
Free cash flow −0.1 0.1 0.4 0.6 0.1 0.5 0.1 −0.5 0.1 0.4 0.7 0.0 −0.3 −0.9 0.5 0.6 −0.4
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Free cash flow after stock pay −0.1 0.1 0.4 0.6 0.1 0.4 0.0 −0.5 0.1 0.4 0.6 0.0 −0.3 −0.9 0.4 0.5 −0.4
Balance sheet
Cash 1.1 0.7 1.0 1.0 0.9 0.9 1.0 0.8 0.6 0.5 0.5 0.2 0.2 0.3 0.3 0.2 0.2
Total debt 1.3 1.5 2.1 2.9 2.9 2.0 2.5 1.8 1.7 1.7 1.4 1.2 1.6 3.1 2.9 2.7 3.2
Net debt (negative = net cash) 0.2 0.8 1.1 1.9 2.0 1.0 1.5 1.0 1.0 1.2 1.0 1.0 1.5 2.8 2.6 2.5 3.1
Diluted shares 153m 154m 150m 140m 140m 139m 133m 129m 120m 111m 100m 100m 100m 93m 92m 87m 83m
Returned to shareholders
Dividends — — 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Buybacks 0.0 0.0 0.3 0.2 0.0 0.2 0.4 0.3 0.3 0.6 0.2 — 0.2 0.2 0.2 0.3 0.1
Total returned 0.0 0.0 0.3 0.2 0.1 0.2 0.5 0.4 0.4 0.7 0.3 0.1 0.3 0.3 0.3 0.4 0.3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 7 checks passed · June 27, 2026
What it owns · $15.4bn
Short-term assets $13.3bnLonger-term assets $2.1bn
What it owes, and who funded it · $15.4bn
Short-term liabilities $7.5bnLonger-term liabilities $2.9bnShareholders' equity $5.0bn
  • Short-term assets cover short-term liabilities $13.3bn of assets due within a year against $7.5bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $13.3bn short-term assets against $2.9bn of longer-dated liabilities.
  • More cash than debt $155m of cash against $3.2bn of debt.
  • Debt below 40% of shareholders' equity Debt is 64% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 27% to 64% over five years.
  • A year's operating cash flow covers at least 20% of debt −$281m of operating cash flow against $3.2bn of debt.
  • Operating profit covers interest at least five times over Operating income of $725m against $251m of interest.

From Avnet Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q4 TTM
Buybacks (TTM)
$138M
Dividends (TTM)
$114M
Returned to shareholders
-71%
of free cash flow
Buybacks, last 3 fiscal years
$605M
Diluted share count
−4.6%
year over year
Total shareholder yield
3.5%
dividends 1.6% + buybacks 1.9% of market value
Dividend payout ratio
34%
of net income paid out
Sales & admin spending
7.3%
of revenue
Days sales outstanding
91 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in technology distributors
Last 12 months unless stated AVT CDW ARW INGM SNX NSIT Median
Revenue, last 12 months $27.6bn $23.5bn $35.9bn $58.6bn $75.7bn $8.6bn $5.9bn
Revenue growth, last 12 months 24.5% 7.4% 26.1% 14.8% 24.1% 2.7% 14.4%
Revenue growth, 3-year average 1.4% 1.6% 0.1% — 8.4% −4.0% 1.4%
Revenue growth, latest quarter 47.7% 10.0% 31.8% 20.8% 37.7% 14.7% 22.0%
Gross margin 10.4% 21.4% 11.3% 6.6% 6.9% 22.1% 12.4%
Operating margin 2.6% 7.1% 3.4% 1.8% 2.7% 4.6% 3.2%
Operating margin, 3-year average 2.8% 7.6% 3.2% 1.8% 2.3% 4.4% 3.0%
Net margin 1.2% 4.6% 2.3% 0.8% 1.8% 2.5% 2.4%
Cash from operations / revenue −1.0% 4.2% 2.6% 0.5% −0.8% 4.9% 2.4%
Free-cash-flow margin −1.3% 3.7% 2.3% 0.3% −1.1% 4.6% 1.3%
Free-cash-flow margin, 3-year average 1.1% 5.1% 2.7% −0.3% 0.3% 4.8% 2.5%
Stock pay / revenue 0.2% 0.4% 0.1% 0.1% 0.1% 0.4% 0.4%
Change in share count −4.6% −2.9% −1.7% −0.2% −3.9% −13.2% −2.0%

Median of all 12 companies we cover in technology distributors. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 technology distributors companies
Measure Company Peer median Rank
Revenue growth Growth 24.5% 14.8% 3 of 12
Change in growth rate Growth +11.8pp +4.5pp 2 of 12
Gross margin Profitability 10.4% 13.6% 9 of 12
Operating margin Profitability 2.6% 3.4% 9 of 12
Net margin Profitability 1.2% 2.4% 9 of 12
Free-cash-flow margin Cash generation -1.3% 2.3% 11 of 12
Stock pay as % of revenue Cash generation 0.2% 0.4% 4 of 11
Long-term debt as % of assets Balance sheet 16.1% 12.4% 7 of 8
Change in share count Balance sheet -4.6% -1.7% 3 of 12
Days sales outstanding Balance sheet 91 days 91 days 6 of 12

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to June 27, 2026
Geography
Region Revenue YoY
Outside the US $21.5B ▲ 25.1%
Asia $13.4B ▲ 28.0%
EMEA $7.7B ▲ 20.5%
Taiwan $6.7B ▲ 43.6%
Americas $6.5B ▲ 22.3%
United States $6.1B ▲ 22.2%
Other Foreign $5.1B ▲ 21.8%
China $3.8B ▲ 7.8%
Germany $2.7B ▲ 21.1%
Singapore $1.6B ▲ 20.3%
BE $1.6B ▲ 28.6%

These categories overlap or exclude eliminations, so shares aren't shown.

From Avnet Inc's 10-K filed August 14, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$7.9B
Institutions reporting
506
Shares held vs prior quarter
▲ 2.2%
Positions opened / closed
98 / 38

Top buyers and sellers, Q2 2026: 279 institutions bought and 189 sold ; the biggest buyer was Blackrock, Inc (+1.0M shares) and the biggest seller Pzena Investment Management LLC (−2.6M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $916M 10.3M 11.6% ▲ 11.2%
Dimensional Fund Advisors LP $519M 5.8M 6.6% ▼ 0.7%
Vanguard Portfolio Management LLC $516M 5.8M 6.5% ▼ 7.9%
AQR Capital Management LLC $346M 3.9M 4.4% ▲ 2.2%
Greenhaven Associates Inc $335M 3.8M 4.2% ▼ 3.8%
Vanguard Capital Management LLC $328M 3.7M 4.2% ▲ 1.6%
LSV Asset Management $294M 3.3M 3.7% ▲ 15.5%
Pzena Investment Management LLC $277M 3.1M 3.5% ▼ 45.2%
American Century Companies Inc $254M 2.9M 3.2% ▼ 9.9%
State Street Corp $236M 2.7M 3.0% ▲ 0.6%
FMR LLC $164M 1.9M 2.1% ▼ 25.1%
Geode Capital Management, LLC $154M 1.7M 1.9% ▲ 1.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Avnet Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $99,998 1 trade by 1 insider, last 12 months Insider sales History → $17.2M 9 trades by 5 insiders · 0% under pre-set plans
Net ▼ $17.1M net selling
Insider Date Trade Shares Price Value
Mccoy Michael Ryan SVP, General Counsel August 19, 2026 Sell 32,052 $91.10 $2.9M
Gallagher Philip R Chief Executive Officer August 12, 2026 Sell 20,000 $98.46 $2M
Gallagher Philip R Chief Executive Officer August 12, 2026 Sell 31,900 $98.46 $3.1M
Jacobson Kenneth A Chief Financial Officer May 22, 2026 Sell 12,000 $85.26 $1M
Gallagher Philip R Chief Executive Officer May 5, 2026 Sell 23,920 $82.92 $2M
Gallagher Philip R Chief Executive Officer February 24, 2026 Sell 46,068 $67.42 $3.1M
Mccoy Michael Ryan SVP, General Counsel February 17, 2026 Sell 36,292 $65.48 $2.4M
Youngblood Jay David SVP, Chief Digital Officer February 12, 2026 Sell 987 $66.27 $65,408
Chan Leng Jin SVP, CIO February 2, 2026 Sell 9,226 $61.53 $567,676
Jacobson Kenneth A Chief Financial Officer November 7, 2025 Buy 2,139 $46.75 $99,998

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 2 trades and filings

No trades in Avnet Inc disclosed in the last 12 months; 2 earlier trades on record.

  • Earl Blumenauer(D-OR 3):Sale (full), $1,001 - $15,000, traded March 20, 2020, filed April 16, 2020
  • Earl Blumenauer(D-OR 3):Purchase, $1,001 - $15,000, traded March 7, 2018, filed April 5, 2018

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 4, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • April 29, 2026
  • January 28, 2026
  • October 29, 2025
  • August 6, 2025
  • April 30, 2025

Recent SEC filings

Data status

When each part of this page on Avnet Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Avnet Inc in brief

What does Avnet Inc do?
Avnet Inc is a US-listed company in the technology distributors industry. Its financial year ends in June.
What is Avnet Inc's stock ticker?
Avnet Inc trades under the ticker AVT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Avnet Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Avnet Inc reported revenue of $27.6B, 24.5% higher than a year earlier, according to its SEC filings.
What is Avnet Inc's free cash flow?
Avnet Inc's free-cash-flow margin is -1.3% of revenue over the trailing twelve months, ranking 11 of the 12 technology distributors companies we cover.
Who are Avnet Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Dimensional Fund Advisors LP and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Avnet Inc buying back stock, and does it pay a dividend?
Avnet Inc spent $138M on share repurchases over the trailing twelve months, and its diluted share count fell 4.6% over the year.
What is Avnet Inc's market cap?
On June 26, 2026, Avnet Inc's market capitalisation was about $7.2B, with a price-to-earnings ratio of 21.5 and net debt of $3.1B. Market figures come from third-party market data and may be delayed.
Does Avnet Inc pay a dividend?
Yes: Avnet Inc paid $114M in dividends over the trailing twelve months, a dividend yield of 1.59% and a payout ratio of 34.2%.
How much debt does Avnet Inc have?
Avnet Inc's debt-to-equity ratio is 64.0%, from its latest balance sheet (27.2% five years earlier). The financial health section below sets out its other solvency checks.
Who are Avnet Inc's competitors?
In our Technology Distributors peer group, the companies closest to Avnet Inc are CDW Corporation, Arrow Electronics, Inc., Ingram Micro Holding Corp, TD Synnex Corp and Insight Enterprises Inc. The side-by-side comparison below sets their revenue, margins and growth against Avnet Inc's.
Are insiders buying or selling Avnet Inc stock?
Over the last 12 months, Avnet Inc's directors and officers reported 1 open-market purchases and 9 sales on Form 4. The insider trading page charts every trade.
When is Avnet Inc's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Avnet Inc announces its own schedule.