Avnet (NASDAQ:AVT) Releases Q1 2026 Earnings Guidance

Key Points

• Avnet has revised its Q1 2026 earnings guidance to $0.750-0.850 per share, lower than the consensus estimate of $0.920, and has projected revenues between $5.6 billion and $5.9 billion.
• Truist Financial increased its price target for Avnet shares from $50.00 to $54.00, while Wells Fargo revised their target down from $45.00 to $43.00.
• Avnet recently announced a quarterly dividend payment of $0.33, reflecting an annualized yield of 2.6%, and the company's payout ratio currently stands at 36.97%.

Avnet (NASDAQ:AVT - Get Free Report) updated its first quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.750-0.850 for the period, compared to the consensus estimate of 0.920. The company issued revenue guidance of $5.6 billion-$5.9 billion, compared to the consensus revenue estimate of $5.6 billion.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AVT. Wells Fargo & Company decreased their price target on Avnet from $45.00 to $43.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st. Truist Financial increased their price target on Avnet from $50.00 to $54.00 and gave the company a "hold" rating in a research note on Thursday.

Avnet Trading Up 1.4%

Shares of AVT stock traded up $0.74 on Friday, hitting $51.97. The company had a trading volume of 555,272 shares, compared to its average volume of 836,228. The stock's 50-day moving average is $53.14 and its two-hundred day moving average is $50.67. Avnet has a twelve month low of $39.22 and a twelve month high of $59.24. The firm has a market cap of $4.36 billion, a P/E ratio of 19.04, a P/E/G ratio of 1.13 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.13 and a current ratio of 2.43.

Avnet (NASDAQ:AVT - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.72 by $0.09. Avnet had a return on equity of 6.07% and a net margin of 1.08%. The business had revenue of $5.62 billion during the quarter, compared to analysts' expectations of $5.36 billion. During the same quarter last year, the firm posted $1.22 earnings per share. The firm's revenue was up 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Avnet will post 3.41 earnings per share for the current fiscal year.

Avnet Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.32 annualized dividend and a yield of 2.5%. Avnet's dividend payout ratio (DPR) is currently 48.35%.

Insider Buying and Selling

In related news, VP Elizabeth Mcmullen sold 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $52.80, for a total transaction of $211,200.00. Following the completion of the sale, the vice president owned 14,626 shares of the company's stock, valued at $772,252.80. This trade represents a 21.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Avnet

Several large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in 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 purchasing an additional 115,490 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Avnet by 4.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company's stock worth $17,012,000 after acquiring an additional 16,443 shares in the last quarter. Empowered Funds LLC boosted its holdings in Avnet by 9.3% in the first quarter. Empowered Funds LLC now owns 8,142 shares of the company's stock worth $392,000 after acquiring an additional 696 shares in the last quarter. United Services Automobile Association bought a new position in Avnet in the first quarter worth approximately $267,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Avnet by 16.0% in the first quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company's stock worth $11,148,000 after acquiring an additional 31,919 shares in the last quarter. Institutional investors and hedge funds own 95.78% of the company's stock.

About Avnet

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.