Avnet (NASDAQ:AVT) Updates Q3 2026 Earnings Guidance

Avnet (NASDAQ:AVT) issued an update on its third quarter 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.200-1.300 for the period, compared to the consensus EPS estimate of 1.210. The company issued revenue guidance of $6.2 billion-$6.5 billion, compared to the consensus revenue estimate of $5.8 billion.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company raised their target price on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a report on Thursday. Truist Financial raised their price objective on Avnet from $55.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday. Zacks Research raised Avnet from a “strong sell” rating to a “hold” rating in a research report on Monday, October 20th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Avnet in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Avnet has an average rating of “Reduce” and a consensus target price of $54.33.

Avnet Stock Performance

NASDAQ AVT opened at $62.74 on Friday. The company has a quick ratio of 1.12, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. Avnet has a twelve month low of $39.22 and a twelve month high of $62.89. The business has a 50-day moving average price of $49.75 and a 200-day moving average price of $51.17. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 25.71, a price-to-earnings-growth ratio of 0.47 and a beta of 0.92.

Avnet (NASDAQ:AVT) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Avnet had a return on equity of 6.08% and a net margin of 0.90%.The company had revenue of $6.32 billion for the quarter, compared to analysts’ expectations of $6.03 billion. During the same period in the previous year, the firm earned $0.87 EPS. The firm’s revenue was up 11.6% compared to the same quarter last year. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, equities research analysts predict that Avnet will post 3.41 EPS for the current fiscal year.

Avnet Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 3rd were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Wednesday, December 3rd. Avnet’s payout ratio is 52.24%.

Institutional Investors Weigh In On Avnet

Large investors have recently added to or reduced their stakes in the stock. AQR Capital Management LLC boosted its holdings in shares of Avnet by 34.8% in the third quarter. AQR Capital Management LLC now owns 2,265,679 shares of the company’s stock valued at $117,974,000 after purchasing an additional 585,141 shares during the period. Millennium Management LLC lifted its stake in Avnet by 86.9% in the third quarter. Millennium Management LLC now owns 373,422 shares of the company’s stock worth $19,523,000 after acquiring an additional 173,579 shares during the period. Bank of America Corp DE increased its position in Avnet by 13.9% during the 3rd quarter. Bank of America Corp DE now owns 1,041,359 shares of the company’s stock valued at $54,442,000 after purchasing an additional 127,118 shares during the period. Jane Street Group LLC boosted its position in Avnet by 254.7% during the 1st quarter. Jane Street Group LLC now owns 160,841 shares of the company’s stock valued at $7,735,000 after acquiring an additional 115,490 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in Avnet by 19.0% in the third quarter. Invesco Ltd. now owns 698,626 shares of the company’s stock valued at $36,524,000 after acquiring an additional 111,414 shares in the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

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.