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
$4.89B
P/E (TTM)
23.4
19.9
Dividend Yield
2.3%
52W High
$68.29
52W Low
$39.22
52W Range
Rank43Top 50.7%
3.8
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.8 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q2 2026 Data
Revenue
$6.32B+11.58%
4-Quarter Trend
EPS
$0.76-24.00%
4-Quarter Trend
FCF
$192.89M-37.47%
4-Quarter Trend
2026 Q2 Earnings Highlights
Key Highlights
Sales Growth Strong Six months sales reached $12.22 B USD, marking an 8.4% increase over prior period results.
Farnell Operating Income Surge Farnell segment operating income grew to $37.1 M USD for six months, up significantly from $5.3 M.
Total Assets Increased Total assets grew to $13.15 B USD as of December 27, 2025, up from $12.12 B six months prior.
Financing Activities Active Net debt proceeds totaled $264.8 M USD in six months, driven by $633.8 M from Convertible Notes issuance.
Risk Factors
Net Income Declined Six months net income fell 22.4% to $113.5 M USD, impacted by higher tax expense and lower operating income.
Operating Cash Flow Weakness Operating cash flow dropped sharply to $63.7 M USD for six months, due to $100.5 M used for working capital.
Effective Tax Rate Spiked Effective tax rate rose to 31.9% for six months, significantly higher than 11.4% reported in the prior year.
Restructuring Charges Taken Total restructuring, integration, and other expenses reached $33.5 M USD in the first six months of fiscal 2026.
Outlook
Trade Policy Risks Remain Global trade disruptions and geopolitical tensions could materially affect financial performance and dampen customer demand.
Liquidity Position Strong Management believes cash flow and borrowing capacity are sufficient to meet all future liquidity needs effectively.
Share Repurchase Limited No additional share repurchases expected until consolidated leverage ratio returns to historical levels, capacity remains $225.8 M.
Mexico Tax Audit Expected Company anticipates resolution of the Mexico IMMEX program tax audit during the third quarter of fiscal 2026.
Peer Comparison
Revenue (TTM)
$30.85B
$23.15B
$8.25B
Gross Margin (Latest Quarter)
102.1%
83.4%
58.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| ARW | $7.23B | 12.6 | 9.1% | 10.6% |
| VIAV | $6.93B | -160.6 | -5.4% | 47.9% |
| DOCN | $6.31B | 24.2 | -214.1% | 39.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
5.9%
Steady Growth
4Q Net Income CAGR
-11.1%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:Apr 28, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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