Avnet, Inc. (AVT) AI Stock Analysis

Avnet, Inc. specializes in the marketing, sales, and distribution of electronic components worldwide. Headquartered in Phoenix, Arizona, the company operates through two segments: Electronic Components and Farnell. The Electronic Components segment distributes semiconductors, interconnect, passive, and electromechanical devices. It also delivers design chain support, logistical supply chain solutions to original equipment manufacturers, and integrated solutions such as embedded products and display systems. The Farnell segment distributes kits, tools, electronic components, industrial automation products, and test and measurement equipment to engineers and entrepreneurs.

Over the five years from FY2021 to FY2026, Avnet achieved a revenue compound annual growth rate of 7.2%. In FY2024, revenue fell 10.5% to $23.76B, followed by a 6.6% decline in FY2025 to $22.20B. FY2026 marked a rebound, as revenue grew 24.5% to $27.63B. Gross margin contracted slightly from 12.2% in FY2022 to 10.4% in FY2026, while operating margin was 3.1%. Net income for FY2026 stood at $334.4M with diluted earnings per share of $5.65. In the latest quarter ended June 30, 2026, quarterly revenue grew 47.7% year-over-year, and quarterly earnings grew 1968.9%.

As of June 30, 2026, Avnet held $155.4M in cash and short-term investments against total debt of $3.48B, resulting in net debt of $3.32B. Total assets stood at $15.43B and shareholders' equity was $5.02B, yielding a debt-to-equity ratio of 0.69 and a current ratio of 1.78. In FY2026, free cash flow was -$354.5M and operating cash flow was -$280.9M. Capital expenditures totaled $73.6M, while capital return included $138.3M in share buybacks and $114.4M in dividends paid.

Avnet carries a market capitalization of $7.40B and an enterprise value of $11.62B. The stock trades at a trailing price-to-earnings multiple of 23.3x, below the 28.1x median of its US-listed Technology peers. Its forward price-to-earnings multiple of 7.1x is also below the peer median of 18.8x. Avnet's price-to-sales ratio is 0.3x compared to the peer median of 2.8x. Over the past year leading to October 16, 2026, Avnet's stock gained 75.4%, outperforming the S&P 500 ETF's 16.8% return. Over five years, the stock rose 171.6% against 83.0% for the index benchmark.

Avnet pays a quarterly dividend with an annual forward payout of $1.48 per share, representing a dividend yield of 1.64%. The payout ratio stands at 25.1%. The company has paid consecutive dividends for 14 years, achieving a 5-year annualized dividend growth rate of 10.1%. Its last ex-dividend date was September 9, 2026.

Analyst coverage shows 2 Strong Buy ratings, 1 Hold rating, and 1 Strong Sell rating. The mean price target is $106.25, representing an 18.0% upside relative to the last close of $90.03 on October 16, 2026. For the fiscal year ending June 30, 2027, consensus estimates project revenue of $35.77B and earnings per share of $10.57, representing expected earnings growth of 86.5%. Avnet beat earnings estimates in each of the past 4 quarters. The next earnings date is November 4, 2026.

This page is an AI-written research summary of Avnet, Inc. (AVT). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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