Greenland Capital Management LP ve 2. čtvrtletí snížila podíl v Avnet o 43 % a prodala 9 525 akcií. Po prodeji držela 12 613 akcií v hodnotě 1,12 mil. USD.
Greenland Capital Management LP lessened its stake in shares of Avnet, Inc. (NASDAQ:AVT – Free Report) by 43.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,613 shares of the company’s stock after selling 9,525 shares during the period. Greenland Capital Management LP’s holdings in Avnet were worth $1,120,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in the company. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Avnet in the second quarter worth approximately $25,000. State of Wyoming purchased a new stake in shares of Avnet during the 2nd quarter valued at $37,000. Summit Securities Group LLC acquired a new position in Avnet during the 4th quarter valued at about $28,000. BOKF NA grew its stake in shares of Avnet by 1,116.7% during the third quarter. BOKF NA now owns 584 shares of the company’s stock worth $31,000 after acquiring an additional 536 shares during the last quarter. Finally, Elevation Wealth Partners LLC grew its position in Avnet by 38.5% during the 2nd quarter. Elevation Wealth Partners LLC now owns 666 shares of the company’s stock worth $59,000 after purchasing an additional 185 shares during the last quarter. Hedge funds and other institutional investors own 95.78% of the company’s stock.
Avnet Price Performance Shares of AVT stock opened at $92.06 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97. The company has a market capitalization of $7.56 billion, a PE ratio of 23.07, a price-to-earnings-growth ratio of 0.28 and a beta of 1.10. The firm’s 50-day moving average is $89.22 and its two-hundred day moving average is $80.08. Avnet, Inc. has a 12 month low of $44.25 and a 12 month high of $100.00.
Avnet (NASDAQ:AVT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.48. The business had revenue of $8.30 billion during the quarter, compared to analysts’ expectations of $7.56 billion. Avnet had a net margin of 1.21% and a return on equity of 9.57%. The business’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. Analysts predict that Avnet, Inc. will post 10.45 earnings per share for the current year. Avnet Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 9th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.6%. This is a positive change from Avnet’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Wednesday, September 9th. Avnet’s payout ratio is 35.09%.
Insiders Place Their Bets In other news, SVP Michael Ryan Mccoy sold 32,052 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $91.10, for a total transaction of $2,919,937.20. Following the completion of the transaction, the senior vice president directly owned 76,674 shares in the company, valued at approximately $6,985,001.40. This represents a 29.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Philip R. Gallagher sold 51,900 shares of the firm’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $98.46, for a total value of $5,110,074.00. Following the sale, the chief executive officer directly owned 168,923 shares of the company’s stock, valued at $16,632,158.58. The trade was a 23.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.90% of the stock is owned by insiders.
Wall Street Analyst Weigh In AVT has been the topic of several research analyst reports. Weiss Ratings upgraded Avnet from a “hold (c+)” rating to a “buy (b)” rating in a research note on Friday, August 14th. Truist Financial upped their price target on Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Zacks Research upgraded shares of Avnet from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Wells Fargo & Company raised their target price on Avnet from $70.00 to $72.00 and gave the company an “underweight” rating in a research report on Monday, July 20th. Finally, Bank of America raised shares of Avnet from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $66.00 to $96.00 in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Avnet currently has a consensus rating of “Moderate Buy” and a consensus target price of $93.25.
Check Out Our Latest Stock Report on Avnet
Avnet Profile (Free Report)
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.
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Avnet těží z poptávky po AI infrastruktuře; fiskální tržby IP&E vzrostly na 4,6 miliardy USD z 4 miliard USD. Pro 1. fiskální čtvrtletí 2027 čeká upravený EPS 2,80–2,90 USD.
Key Takeaways Avnet benefits from AI infrastructure demand spanning data centers, industrial markets and edge applications.Avnet's fiscal 2026 IP&E sales rose to $4.6 billion from $4 billion, aided by AI infrastructure.Avnet expects fiscal 2027 first-quarter adjusted EPS of $2.80-$2.90, with estimates revised upward. Avnet, Inc. (AVT - Free Report) continues to benefit from strong artificial intelligence (AI) demand, which remains a key growth catalyst as data center applications expand. The company is also benefiting from rising demand for technologies that support AI infrastructure, including power management, connectivity, automation and other enabling solutions across industrial markets.
Avnet indicated that direct data-center business represents approximately 10-15% of total company sales, with a greater concentration in Asia-Pacific. At the same time, the AI ecosystem is creating indirect opportunities in industrial markets, as hyperscaler and data-center expansion drives demand for cooling, power and other infrastructure components.
The company is additionally seeing emerging demand from customers deploying AI at the edge, including applications such as robotics, drones and autonomous systems that require sensing, connectivity, embedded computing, power and thermal-management components. Avnet’s direct exposure to data-center customers remains particularly meaningful in Asia-Pacific.
The company is also benefiting from its higher-margin interconnect, passive and electromechanical (IP&E) portfolio. Fiscal 2026 IP&E sales reached approximately $4.6 billion compared with $4 billion in fiscal 2025. The IP&E benefited from AI infrastructure and industrial automation. Avnet ended fiscal 2026 on a strong note, with fourth-quarter sales reaching a record $8.3 billion, up 48% year over year and 17% sequentially
How Competitors Fare Against AvnetAvnet operates in a competitive technology distribution market where it competes with global component distributors as well as broader IT distributors, including Arrow Electronics (ARW - Free Report) and TD SYNNEX (SNX - Free Report) . However, Avnet benefits from the niche it has created for itself, which helps to protect its margins.
Arrow Electronics competes head-to-head with Avnet in electronic component distribution, semiconductor supply, embedded computing and engineering services. Both Arrow Electronics and Avnet serve OEMs, industrial manufacturers, automotive suppliers, communications equipment vendors and data center customers.
Avnet comes into crossroads with TD SYNNEX in the broader AI infrastructure value chain. Avnet plays its role much earlier in the technology value chain by supplying electronic components directly to equipment manufacturers, making the overlap minimal with TD SYNNEX. Given these dynamics, Avnet has little to worry right now.
AVT’s Price Performance, Valuation and EstimatesAvnet shares have soared 85.9% in the year-to-date period, outperforming the Zacks Electronics - Parts Distribution industry’s 59.8% growth.
AVT YTD Performance Chart
Image Source: Zacks Investment Research
Despite this outperformance, AVT stock is trading at a price-to-sales multiple of 0.21X, which is below the industry’s P/S multiple of 0.34X. The undervaluation is further substantiated by Zacks Value Score of A.
For the first quarter of fiscal 2027, Avnet expects adjusted EPS to be in the range of $2.80-$2.90. The Zacks Consensus Estimate for Avnet’s upcoming quarter indicates growth of 241% year over year. Estimates have been revised upward in the past 30 days.
Image Source: Zacks Investment Research
AVT currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Bank of New York Mellon Corp ve 2. čtvrtletí koupila 843 240 akcií společnosti Avnet za zhruba 74,9 milionu USD a držela 1,03 % firmy. Avnet zároveň oznámila kvartální dividendu 0,37 USD na akcii, oproti předchozím 0,35 USD.
Bank of New York Mellon Corp bought a new stake in shares of Avnet, Inc. (NASDAQ:AVT – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 843,240 shares of the company’s stock, valued at approximately $74,897,000. Bank of New York Mellon Corp owned 1.03% of Avnet as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in AVT. Dimensional Fund Advisors LP increased its position in shares of Avnet by 0.4% during the first quarter. Dimensional Fund Advisors LP now owns 5,885,636 shares of the company’s stock worth $362,655,000 after buying an additional 22,137 shares during the period. AQR Capital Management LLC grew its holdings in Avnet by 30.7% during the 4th quarter. AQR Capital Management LLC now owns 2,961,608 shares of the company’s stock worth $142,394,000 after acquiring an additional 695,929 shares during the period. LSV Asset Management grew its holdings in Avnet by 7.6% during the 4th quarter. LSV Asset Management now owns 2,811,171 shares of the company’s stock worth $135,161,000 after acquiring an additional 197,400 shares during the period. Hotchkis & Wiley Capital Management LLC raised its position in shares of Avnet by 5.3% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 2,011,676 shares of the company’s stock worth $105,170,000 after acquiring an additional 101,873 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Avnet by 16.2% in the 4th quarter. Morgan Stanley now owns 1,524,945 shares of the company’s stock worth $73,319,000 after acquiring an additional 212,573 shares in the last quarter. Institutional investors own 95.78% of the company’s stock.
Insiders Place Their Bets In other Avnet news, SVP Michael Ryan Mccoy sold 32,052 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $91.10, for a total value of $2,919,937.20. Following the transaction, the senior vice president directly owned 76,674 shares of the company’s stock, valued at approximately $6,985,001.40. This trade represents a 29.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Philip R. Gallagher sold 51,900 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $98.46, for a total transaction of $5,110,074.00. Following the completion of the transaction, the chief executive officer directly owned 168,923 shares in the company, valued at $16,632,158.58. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.90% of the stock is owned by company insiders.
Analysts Set New Price Targets Several brokerages recently commented on AVT. Zacks Research upgraded Avnet from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 7th. Truist Financial lifted their target price on Avnet from $95.00 to $110.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Wall Street Zen raised Avnet from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 25th. Weiss Ratings upgraded Avnet from a “hold (c+)” rating to a “buy (b)” rating in a report on Friday, August 14th. Finally, Wells Fargo & Company raised their price objective on shares of Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a research report on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.25. Read Our Latest Analysis on AVT
Avnet Stock Performance Shares of AVT opened at $87.57 on Wednesday. Avnet, Inc. has a one year low of $44.25 and a one year high of $100.00. The company has a market cap of $7.19 billion, a PE ratio of 21.95, a P/E/G ratio of 0.26 and a beta of 1.09. The stock has a 50-day moving average of $89.18 and a 200-day moving average of $78.70. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.78 and a quick ratio of 0.97.
Avnet (NASDAQ:AVT – Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $1.80 by $0.48. The business had revenue of $8.30 billion for the quarter, compared to the consensus estimate of $7.56 billion. Avnet had a return on equity of 9.57% and a net margin of 1.21%.The firm’s revenue for the quarter was up 47.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.81 EPS. Avnet has set its Q1 2027 guidance at 2.800-2.900 EPS. On average, equities research analysts predict that Avnet, Inc. will post 10.45 EPS for the current fiscal year.
Avnet Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 23rd. Investors of record on Wednesday, September 9th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, September 9th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.7%. This is an increase from Avnet’s previous quarterly dividend of $0.35. Avnet’s dividend payout ratio (DPR) is 35.09%.
Avnet Profile (Free Report)
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.
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Avnet (AVT - Free Report) reported $8.3 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 47.7%. EPS of $2.28 for the same period compares to $0.81 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $7.45 billion, representing a surprise of +11.28%. The company delivered an EPS surprise of +29.55%, with the consensus EPS estimate being $1.76.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Avnet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Sales- Farnell: $500.1 million versus the two-analyst average estimate of $490.35 million. The reported number represents a year-over-year change of +29.4%.Sales- Electronic Components: $7.8 billion versus the two-analyst average estimate of $6.96 billion. The reported number represents a year-over-year change of +49%.Operating Income (loss)- Electronic Components: $317.2 million compared to the $277.33 million average estimate based on two analysts.Operating Income (loss)- Corporate expenses: $-44.1 million versus $-49.36 million estimated by two analysts on average.Operating Income (loss)- Farnell: $44.8 million versus $28.18 million estimated by two analysts on average.View all Key Company Metrics for Avnet here>>>
Shares of Avnet have returned +13.6% over the past month versus the Zacks S&P 500 composite's +3.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Avnet zveřejní výsledky za 4. čtvrtletí 2026 ve středu 5. srpna 2026 před otevřením trhu; analytici čekají zisk 1,80 USD na akcii a tržby 7,5568 miliardy USD.
Avnet (NASDAQ:AVT – Get Free Report) is anticipated to release its Q4 2026 results before the market opens on Wednesday, August 5th. Analysts expect the company to post earnings of $1.80 per share and revenue of $7.5568 billion for the quarter. Parties may review the information on the company’s upcoming Q4 2026 earning report page for the latest details on the call scheduled for Wednesday, August 5, 2026 at 12:00 PM ET.
Avnet Price Performance Shares of AVT stock opened at $88.88 on Tuesday. The company has a quick ratio of 1.05, a current ratio of 2.01 and a debt-to-equity ratio of 0.50. Avnet has a 12-month low of $44.25 and a 12-month high of $95.26. The firm has a fifty day moving average of $87.66 and a 200-day moving average of $74.40. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 34.58, a price-to-earnings-growth ratio of 0.28 and a beta of 1.09.
Avnet Announces Dividend The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Wednesday, June 3rd were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, June 3rd. This represents a $1.40 annualized dividend and a yield of 1.6%. Avnet’s payout ratio is currently 54.47%.
Analyst Ratings Changes Several equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Avnet from $70.00 to $72.00 and gave the stock an “underweight” rating in a report on Monday, July 20th. Wall Street Zen upgraded Avnet from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 25th. Zacks Research cut Avnet from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Weiss Ratings downgraded shares of Avnet from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Finally, Truist Financial lifted their price target on shares of Avnet to $95.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Avnet presently has a consensus rating of “Hold” and a consensus target price of $89.50.
Check Out Our Latest Analysis on Avnet
Institutional Inflows and Outflows Hedge funds have recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new position in shares of Avnet during the 4th quarter worth about $28,000. BOKF NA increased its position in shares of Avnet by 1,116.7% in the third quarter. BOKF NA now owns 584 shares of the company’s stock valued at $31,000 after acquiring an additional 536 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Avnet in the fourth quarter valued at about $90,000. EverSource Wealth Advisors LLC raised its holdings in Avnet by 81.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,918 shares of the company’s stock worth $102,000 after acquiring an additional 863 shares in the last quarter. Finally, Quarry LP boosted its position in Avnet by 6,080.5% during the fourth quarter. Quarry LP now owns 2,534 shares of the company’s stock valued at $122,000 after purchasing an additional 2,493 shares during the last quarter. Institutional investors own 95.78% of the company’s stock.
Avnet Company Profile (Get Free Report)
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.
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Avnet ve 3. čtvrtletí fiskálního roku 2026 zvýšil upravenou provozní marži na 3,1 % a rozšířil ji už třetí kvartál po sobě. Hrubá marže ale meziročně klesla na 10,4 % kvůli mixu prodejů a cenám pamětí.
Key Takeaways AVT expanded operating margin for a third straight quarter despite lower gross margins from sales mix changes.AVT expects further margin gains from SG&A discipline, improving demand and stronger book-to-bill trends.Avnet targets higher margins in EC and Farnell while maintaining its niche against Arrow and TD SYNNEX. Avnet's (AVT - Free Report) profitability continued to improve in the third quarter of fiscal 2026, even as gross margins remained under pressure, highlighting the benefits of disciplined cost management and operating leverage. The company reported an adjusted operating margin of 3.1%, up 38 basis points (bps) sequentially, marking its third consecutive quarter of expansion. Operating income grew more than twice as fast as sales, reflecting stronger execution across the business.
However, Avnet’s gross margin declined 68 bps year over year to 10.4%, primarily due to a greater mix of lower-margin Asia sales and memory price pass-throughs. Management noted that approximately half of sequential sales growth and one-quarter of year-over-year sales growth came from higher memory prices.
The company's largest Electronic Components (EC) segment expanded its operating margin to 3.5% from 3.2% in the previous quarter, driven by improving business conditions in Europe. Management expects EC operating margins to reach its 4% near-term target within the next fiscal year. Meanwhile, Farnell's operating margin improved to 5.2%, its sixth consecutive quarter of expansion, with management targeting a return to double-digit margins by the second half of 2027.
Looking ahead, rising book-to-bill ratios, improving lead times, stronger demand creation activity and continued SG&A discipline should support further operating margin expansion, even if gross margin remains constrained by product and geographic mix. Alongside this, AVT should also monitor how competitors are adapting to market dynamics and stay ahead of any new advancements.
How Competitors Fare Against AvnetAvnet operates in a competitive technology distribution market where it competes with global component distributors as well as broader IT distributors, including Arrow Electronics (ARW - Free Report) and TD SYNNEX (SNX - Free Report) . However, Avnet benefits from the niche it has created for itself, which helps to protect its margins.
Arrow Electronics competes directly with Avnet in electronic component distribution, semiconductor supply, embedded computing and engineering services. Both Arrow Electronics and Avnet serve OEMs, industrial manufacturers, automotive suppliers, communications equipment vendors and data center customers.
Avnet comes into crossroads with TD SYNNEX in the broader AI infrastructure value chain. AVT plays its role much earlier in the technology value chain by supplying electronic components directly to equipment manufacturers, making the overlap minimal with TD SYNNEX. Given these dynamics, Avnet has little to worry right now.
AVT’s Price Performance, Valuation and EstimatesAvnet shares have soared 86.9% in the year-to-date period, outperforming the Zacks Electronics - Parts Distribution industry’s 60.2% growth.
Avnet YTD Performance Chart
Image Source: Zacks Investment Research
Despite this outperformance, AVT stock is trading at a price-to-sales multiple of 0.26X, which is below the P/S multiple of industry’s P/S multiple of 0.39X. The undervaluation is further substantiated by Zacks Value Score of B.
The Zacks Consensus Estimate for AVT’s fiscal 2026 earnings is pegged at $5.12, implying year-over-year growth of 49%. The estimate has remained unchanged for the past 60 days.
Image Source: Zacks Investment Research
AVT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Avnet uvedl, že přímá expozice vůči AI a datovým centrům vzrostla z přibližně 5–7 % na téměř 10–15 % a tržby za 3. fiskální čtvrtletí stouply o 34 % na 7,1 miliardy USD. Silná poptávka dál podporuje i jeho IP&E byznys.
Key Takeaways Avnet's AI and data center exposure rose to 10-15% as fiscal third-quarter revenues grew 34%.AVT's IP&E business grew 25% as AI buildouts lifted demand for power, cooling and other components.Avnet sees near-term momentum supported by growing backlogs and book-to-bill ratios above parity. Avnet (AVT - Free Report) is benefiting from strong demand in AI infrastructure and networking markets. AI-related demand is becoming a larger part of AVT’s business. In the third quarter of fiscal 2026, management stated that the company’s direct exposure to AI and data center customers has increased from around 5-7% to nearly 10-15%.
Most of this business is tied to Asia, especially Taiwan, where demand from hyperscalers and server customers remains strong. The company is also benefiting from demand for components that support AI infrastructure. In the third quarter of fiscal 2026, the company reported revenues of $7.1 billion, up 34% year over year and 13% sequentially.
AI buildouts are increasing demand for products tied to power management, cooling systems, connectors, capacitors, resistors and sensors. This helped AVT’s interconnect, passive and electromechanical (IP&E) business grow 25% year over year in the quarter. Since AI accelerators require surrounding IP&E products, creating additional sales opportunities beyond semiconductors.
AVT expects current demand trends to continue in the near term. With growing backlog levels and book-to-bill ratios above parity across all regions, supported by rising lead times across several component categories as supply conditions tighten, AVT remains well-positioned to continue seeing strong business momentum in the near term.
Furthermore, Avnet delivered record sales of $6.67 billion in its Electronic Components business, which increased 34.7% year over year. Avnet is entering an upcycle with demand improving across data center and AI builds, industrial, networking and aerospace/defense, driving better sales execution and operating margin expansion.
How Competitors Fare Against Avnet StockAvnet operates in a competitive technology distribution market where it competes with global component distributors as well as broader IT distributors, including Arrow Electronics (ARW - Free Report) and CDW (CDW - Free Report) . However, the company has created a niche for itself, which helps to protect its margins.
Arrow Electronics competes head-to-head with Avnet in electronic component distribution, semiconductor supply, embedded computing and engineering services. Both Arrow Electronics and Avnet serve OEMs, industrial manufacturers, automotive suppliers, communications equipment vendors and data center customers. Avnet comes to a crossroads with CDW in the AI infrastructure value chain. Avnet plays its role much earlier in the technology value chain, making the overlap minimal with CDW.
AVT’s Price Performance, Valuation and EstimatesAvnet shares have soared 70.9% in the year-to-date period, outperforming the Zacks Electronics - Parts Distribution industry’s 55.9% growth.
AVT YTD Performance Chart
Image Source: Zacks Investment Research
Despite this outperformance, AVT stock is trading at a price-to-sales multiple of 0.25X, which is below the P/S multiple of industry’s P/S multiple of 0.38X. The undervaluation is further substantiated by Zacks Value Score of B.
AVT Forward 12-Month Valuation Chart
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for AVT’s fiscal 2026 revenues is pegged at $25.59 billion, implying year-over-year growth of 15.2%. The estimate has remained unchanged for the past 30 days.
Image Source: Zacks Investment Research
AVT currently carries Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
