Avnet (NASDAQ:AVT) Updates 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 EPS guidance of 0.750-0.850 for the period, compared to the consensus EPS 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.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Truist Financial lifted their target price on shares of Avnet from $50.00 to $54.00 and gave the company a "hold" rating in a report on Thursday. Bank of America raised their price objective on shares of Avnet from $48.00 to $50.00 and gave the company an "underperform" rating in a research note on Monday. Finally, Wells Fargo & Company reduced their price objective on shares of Avnet from $45.00 to $43.00 and set an "underweight" rating for the company in a research note on Thursday, May 1st.

Avnet Trading Down 0.4%

Avnet stock traded down $0.23 during trading on Monday, reaching $51.74. The company had a trading volume of 737,020 shares, compared to its average volume of 838,097. Avnet has a 12-month low of $39.22 and a 12-month high of $59.24. The stock's 50 day moving average price is $53.14 and its two-hundred day moving average price is $50.65. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 18.95, a PEG ratio of 1.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.16 and a current ratio of 2.43.

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

Avnet Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $1.32 annualized dividend and a yield of 2.6%. Avnet's dividend payout ratio is currently 48.35%.

Insider Transactions at Avnet

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

Hedge Funds Weigh In On Avnet

Institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its position in Avnet by 254.7% in the 1st quarter. Jane Street Group LLC now owns 160,841 shares of the company's stock valued at $7,735,000 after buying an additional 115,490 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Avnet by 4.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 353,757 shares of the company's stock valued at $17,012,000 after buying an additional 16,443 shares in the last quarter. Empowered Funds LLC lifted its holdings in Avnet by 9.3% in the 1st quarter. Empowered Funds LLC now owns 8,142 shares of the company's stock valued at $392,000 after acquiring an additional 696 shares during the last quarter. United Services Automobile Association acquired a new stake in Avnet in the 1st quarter valued at about $267,000. Finally, Goldman Sachs Group Inc. lifted its holdings in Avnet by 16.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 231,814 shares of the company's stock valued at $11,148,000 after acquiring an additional 31,919 shares during the last quarter. Institutional investors own 95.78% of the company's stock.

Avnet Company Profile

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.