Avnet (NASDAQ:AVT) Sets New 1-Year High on Better-Than-Expected Earnings

Shares of Avnet, Inc. (NASDAQ:AVT) hit a new 52-week high during mid-day trading on Wednesday following a stronger than expected earnings report. The stock traded as high as $57.52 and last traded at $57.4540, with a volume of 889431 shares trading hands. The stock had previously closed at $52.68.

The company reported $1.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.10. Avnet had a net margin of 0.90% and a return on equity of 6.08%. The company had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same quarter in the prior year, the business posted $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.

Avnet Announces Dividend

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

Trending Headlines about Avnet

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Q2 beat and stronger guidance — Avnet beat both EPS and revenue estimates and issued Q3 guidance above consensus, which is the primary catalyst for the rally. Avnet (AVT) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Asia sales and margin outlook — Management emphasized Asia momentum (sales topping $3B) and signaled margin expansion as supply-chain dynamics improve; that structural story supports higher revenue/operating leverage expectations. AVT Q4 2025 Deep Dive: Asia Momentum, Margin Outlook, and Supply Chain Dynamics
• Positive Sentiment: Analyst support and broker interest — Truist raised its price target to $65 and multiple broker notes have flagged AVT as a buy/hold amid a steady earnings season, reinforcing investor confidence. Avnet price target raised at Truist
• Positive Sentiment: Strong market reaction and volume — Shares already rallied sharply after the print (earlier intraday moves up ~14%) and today’s elevated volume shows conviction behind the headline beat/guidance. Avnet Stock Rallies 14% as Q2 Earnings and Revenues Beat Estimates
• Neutral Sentiment: Call materials and transcripts available — Management’s full commentary (earnings call transcript and slide deck) provides detail on bookings, channels and supply chain; useful for modeling but not new news by itself. Avnet Q2 2026 Earnings Call Transcript
• Neutral Sentiment: Short-interest data unclear — recent reporting showed anomalous/zero short-interest figures; no clear immediate bearish pressure implied. (Company filings/DTCC data should be checked for confirmation.)
• Negative Sentiment: Profitability metrics still modest — despite revenue growth and better guidance, trailing net margin (~1.0%) and ROE (~5.9%) remain low, which could limit multiple expansion unless margin improvement is sustained. Avnet earnings snapshot and metrics

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Zacks Research upgraded shares of Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Weiss Ratings restated a “hold (c+)” rating on shares of Avnet in a research note on Wednesday, October 8th. Truist Financial upped their target price on Avnet from $55.00 to $65.00 and gave the company a “hold” rating in a report on Thursday. Finally, Wells Fargo & Company lifted their price target on Avnet from $43.00 to $48.00 and gave the stock an “underweight” rating in a report on Thursday. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $54.33.

Institutional Trading of Avnet

Several hedge funds and other institutional investors have recently modified their holdings of AVT. Royal Bank of Canada boosted its holdings in Avnet by 3.0% in the 1st quarter. Royal Bank of Canada now owns 71,697 shares of the company’s stock worth $3,447,000 after buying an additional 2,101 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Avnet by 16.0% during the first quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company’s stock worth $11,148,000 after acquiring an additional 31,919 shares in the last quarter. United Services Automobile Association bought a new position in shares of Avnet in the first quarter worth $267,000. Empowered Funds LLC boosted its stake in Avnet by 9.3% in the 1st quarter. Empowered Funds LLC now owns 8,142 shares of the company’s stock worth $392,000 after purchasing an additional 696 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Avnet by 4.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company’s stock valued at $17,012,000 after buying an additional 16,443 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.

Avnet Stock Performance

The stock has a market capitalization of $5.10 billion, a P/E ratio of 25.71, a PEG ratio of 0.47 and a beta of 0.92. The company has a quick ratio of 1.12, a current ratio of 2.07 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $49.75 and a two-hundred day moving average price of $51.17.

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.