Avnet (NASDAQ:AVT) Releases Q3 2026 Earnings Guidance

Avnet (NASDAQ:AVT) updated its third quarter 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.200-1.300 for the period, compared to the consensus earnings per share 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 research firms have recently commented on AVT. Truist Financial upped their target price on shares of Avnet from $54.00 to $55.00 and gave the company a “hold” rating in a research report on Thursday, October 30th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Avnet in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Avnet has an average rating of “Reduce” and an average target price of $49.33.

Avnet Stock Up 8.5%

NASDAQ AVT traded up $4.48 during trading on Wednesday, reaching $57.16. 637,929 shares of the company’s stock traded hands, compared to its average volume of 949,349. Avnet has a 12-month low of $39.22 and a 12-month high of $57.24. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.36 and a quick ratio of 1.12. The firm has a market cap of $4.65 billion, a price-to-earnings ratio of 21.18, a price-to-earnings-growth ratio of 0.40 and a beta of 0.92. The company’s 50 day simple moving average is $49.09 and its two-hundred day simple moving average is $51.03.

Avnet (NASDAQ:AVT) last released its quarterly earnings results on Wednesday, January 28th. The company reported $1.05 EPS for the quarter, topping the consensus estimate of $0.95 by $0.10. Avnet had a return on equity of 5.91% and a net margin of 1.04%.During the same period last year, the business posted $0.87 earnings per share. The company’s quarterly revenue was up 11.6% on a year-over-year basis. Avnet has set its Q3 2026 guidance at 1.200-1.300 EPS. As a group, sell-side analysts forecast that Avnet will post 3.41 EPS for the current fiscal year.

Avnet Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 3rd were issued a $0.35 dividend. The ex-dividend date of this dividend was Wednesday, December 3rd. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.4%. Avnet’s dividend payout ratio (DPR) is currently 52.24%.

Institutional Investors Weigh In On Avnet

Several hedge funds have recently bought and sold shares of AVT. AQR Capital Management LLC boosted its stake 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 worth $117,974,000 after acquiring an additional 585,141 shares during the last quarter. Millennium Management LLC lifted its holdings in Avnet by 86.9% in the 3rd quarter. Millennium Management LLC now owns 373,422 shares of the company’s stock valued at $19,523,000 after purchasing an additional 173,579 shares in the last quarter. Bank of America Corp DE boosted its stake 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 worth $54,442,000 after purchasing an additional 127,118 shares during the last quarter. Jane Street Group LLC grew its holdings in shares of Avnet by 254.7% during the first quarter. Jane Street Group LLC now owns 160,841 shares of the company’s stock worth $7,735,000 after buying an additional 115,490 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of 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 buying an additional 111,414 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.

Avnet Company Profile

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.