Avnet, Inc.
NASDAQ•AVT
CEO: Mr. Philip R. Gallagher
Sector: Technology
Industry: Technology Distributors
Listing Date: 1973-05-03
Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support, warehousing, and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions, as well as embedded display solutions comprising touch and passive displays; and develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.
Contact Information
Market Cap
$4.06B
P/E (TTM)
17.8
17.4
Dividend Yield
2.7%
52W High
$57.24
52W Low
$39.22
52W Range
Rank53Top 63.7%
3.2
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.2 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q1 2026 Data
Revenue
$5.90B+5.25%
4-Quarter Trend
EPS
$0.62-7.46%
4-Quarter Trend
FCF
-$169.17M-326.93%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Sales Growth Strong 5.3% Total sales reached $5.90 B for Q1 2026, marking a 5.3% increase driven by EC and Farnell segments.
Farnell Segment Accelerates Farnell sales surged 14.9% to $398.9 M, reflecting improved global demand for single board computers.
New Convertible Notes Issued Issued $650 M Convertible Notes, using proceeds for Credit Facility reduction and share repurchases totaling $100 M.
Operating Income Stable Q1 2026 Operating Income was $142.03 M, nearly flat year-over-year, despite margin compression pressures.
Risk Factors
Operating Cash Flow Negative Net cash used for operating activities was ($144.58 M), a major reversal from prior period cash generation.
Gross Margin Compression Gross profit margin decreased 42 basis points to 10.4% due to geographic and product mix shifts.
Effective Tax Rate Rises Effective tax rate increased sharply to 32.6% from 21.1% due to foreign tax rate changes and reserves.
Mexico Tax Contingency Contingent liability recorded for Mexico VAT audit estimated at $43.4 M, subject to future assessment changes.
Outlook
Q2 Sales Expected Up Expecting sales in the second quarter of fiscal 2026 to increase approximately 2% compared to the first quarter.
Share Repurchases Paused Will not repurchase additional shares until consolidated leverage ratio returns to historical levels.
Liquidity Remains Sufficient Management believes cash flow and borrowing capacity are sufficient to meet all future liquidity needs.
Restructuring Payments Due Expecting majority of remaining restructuring expenses, primarily severance, to be paid by end of fiscal 2026.
Peer Comparison
Revenue (TTM)
ARW$29.39B
$22.50B
NSIT$8.27B
Gross Margin (Latest Quarter)
QLYS83.6%
STNE77.1%
37.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ARW | $5.85B | 12.3 | 7.8% | 12.8% |
| QLYS | $5.54B | 29.1 | 37.6% | 5.3% |
| BDC | $4.88B | 21.2 | 18.3% | 40.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.4%
Moderate Growth
4Q Net Income CAGR
-16.0%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Research & Insights
Next earnings:Feb 4, 2026
EPS:$0.95
|Revenue:-
Reports
All Years
Form 10-Q - Q1 2026
Period End: Sep 27, 2025|Filed: Oct 31, 2025|Revenue: $5.90B+5.3%|EPS: $0.62-7.5%N/AForm 10-K - FY 2025
Period End: Jun 28, 2025|Filed: Aug 15, 2025|Revenue: $22.20B-6.6%|EPS: $2.78-49.5%MissForm 10-Q - Q3 2025
Period End: Mar 29, 2025|Filed: May 2, 2025|Revenue: $5.32B-6.0%|EPS: $1.02+4.1%BeatForm 10-Q - Q2 2025
Period End: Dec 28, 2024|Filed: Jan 31, 2025|Revenue: $5.66B-8.7%|EPS: $1.00-23.7%BeatForm 10-Q - Q1 2025
Period End: Sep 28, 2024|Filed: Nov 1, 2024|Revenue: $5.60B-11.5%|EPS: $0.67-70.7%MissForm 10-K - FY 2024
Period End: Jun 29, 2024|Filed: Aug 14, 2024|Revenue: $23.76B-10.5%|EPS: $5.51-34.2%BeatForm 10-Q - Q3 2024
Period End: Mar 30, 2024|Filed: May 3, 2024|Revenue: $5.65B-13.2%|EPS: $0.98-52.2%MissForm 10-Q - Q2 2024
Period End: Dec 30, 2023|Filed: Feb 2, 2024|Revenue: $6.20B-7.6%|EPS: $1.31-50.9%Miss