Avnet (NASDAQ:AVT) Reaches New 12-Month High Following Better-Than-Expected Earnings

Avnet, Inc. (NASDAQ:AVT) shares reached a new 52-week high during trading on Wednesday following a stronger than expected earnings report. The company traded as high as $57.52 and last traded at $57.4540, with a volume of 889431 shares traded. 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 return on equity of 5.91% and a net margin of 1.04%.The firm had revenue of $6.32 billion for the quarter, compared to analyst estimates of $6.03 billion. During the same period last year, the company earned $0.87 EPS. The business’s quarterly 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 business also recently disclosed 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 was Wednesday, December 3rd. This represents a $1.40 annualized dividend and a yield of 2.3%. Avnet’s dividend payout ratio (DPR) is 52.24%.

More Avnet News

Here are the key news stories impacting Avnet this week:

• Positive Sentiment: Q2 results beat expectations — Avnet reported $1.05 EPS vs. consensus ~$0.95 and revenue of $6.32B (≈+11.6% YoY), topping estimates and showing solid top-line growth. Avnet (AVT) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Raised/strong revenue guidance — Avnet set Q3 FY2026 revenue guidance well above Street expectations ($6.2B–$6.5B vs. consensus ~ $5.8B) and EPS guidance roughly in line with estimates (1.20–1.30). The stronger revenue guide likely amplified the bullish reaction. Avnet Press Release / Slide Deck
• Neutral Sentiment: High trading volume — Volume spiked to ~4.48M shares versus average ~0.86M, indicating heavy investor interest and larger flows behind the move. This supports the price change but is not a fundamental change itself.
• Neutral Sentiment: Documentation and investor materials posted — Earnings call transcript and the investor presentation/slide deck are available for deeper review (useful for assessing forward commentary and segment detail). Earnings Call Transcript Earnings Presentation
• Neutral Sentiment: Short-interest report appears to contain erroneous/zero values (reports show “large increase” language but list 0 shares/NaN). This looks like noisy or incorrect data and shouldn’t be interpreted as meaningful bearish pressure without corrected figures.
• Negative Sentiment: Low profitability metrics — Despite revenue growth and an EPS beat, Avnet’s net margin (~1.0%) and modest return on equity (~5.9%) remain low, which could limit multiple expansion unless margins improve. MarketBeat Earnings Summary

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Truist Financial increased their target price on Avnet from $54.00 to $55.00 and gave the stock a “hold” rating in a research report on Thursday, October 30th. Zacks Research upgraded Avnet from a “strong sell” rating to a “hold” rating in a report on Monday, October 20th. Finally, Weiss Ratings restated 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, Avnet has an average rating of “Reduce” and a consensus target price of $49.33.

Institutional Investors Weigh In On Avnet

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Avnet by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 10,783,059 shares of the company’s stock worth $563,738,000 after purchasing an additional 214,290 shares during the last quarter. Pzena Investment Management LLC increased its stake in Avnet by 2.9% during the 2nd quarter. Pzena Investment Management LLC now owns 7,341,299 shares of the company’s stock valued at $389,676,000 after purchasing an additional 209,003 shares in the last quarter. American Century Companies Inc. raised its holdings in Avnet by 3.4% in the third quarter. American Century Companies Inc. now owns 3,751,726 shares of the company’s stock worth $196,140,000 after buying an additional 124,466 shares during the last quarter. LSV Asset Management lifted its stake in shares of Avnet by 2.5% in the second quarter. LSV Asset Management now owns 2,667,923 shares of the company’s stock worth $141,613,000 after buying an additional 66,191 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Avnet by 34.8% during the third quarter. AQR Capital Management LLC now owns 2,265,679 shares of the company’s stock valued at $117,974,000 after buying an additional 585,141 shares during the last quarter. 95.78% of the stock is owned by hedge funds and other institutional investors.

Avnet Trading Up 13.8%

The stock has a market cap of $4.88 billion, a PE ratio of 22.37, a PEG ratio of 0.41 and a beta of 0.92. The company has a quick ratio of 1.12, a current ratio of 2.36 and a debt-to-equity ratio of 0.58. The stock’s fifty day moving average price is $49.38 and its 200 day moving average price is $51.09.

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.