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Saturday 7 November 2026
Export AVT’s income statement to Excel — free account
Avnet, Inc.
AVT Technology Electronics & Computer Distribution
Avnet, Inc.’s revenue for fiscal 2026 (year ended June 2026) was $27.6 billion, up 24.5% from fiscal 2025.
- Revenue
- +81.7%
- EPS
- +453.2%
- Free cash flow
- −412.3%
- Total debt
- +18.3%
Quarter to September 2026, against a year earlier
79.28
2.65
+3.46%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to June
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Sep ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 17,440 | 19,037 | 19,519 | 17,634 | 19,535 | 24,311 | 26,537 | 23,757 | 22,201 | 27,633 | 32,452 | +5.2% | 37,062 | 39,226 | 37,079 | +10.3% | |
| Gross margin, % | 13.59 | 13.28 | 12.74 | 11.70 | 11.47 | 12.20 | 11.99 | 11.64 | 10.74 | 10.43 | 10.30 | (3.2) pt | ||||||
| EBT | 310 | 145 | 237 | (130) | 173 | 833 | 983 | 632 | 251 | 467 | 762 | +4.7% | ||||||
| EBT margin, % | 1.78 | 0.76 | 1.21 | (0.73) | 0.89 | 3.43 | 3.70 | 2.66 | 1.13 | 1.69 | 2.35 | (0.1) pt | ||||||
| Net income | 525 | (156) | 176 | (31) | 193 | 692 | 771 | 499 | 240 | 334 | 565 | (4.9%) | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 137.29 | 158.76 | 177.73 | 175.51 | 196.81 | 246.40 | 288.31 | 262.32 | 257.35 | 336.34 | 394.44 | +10.5% | |||||
| Earnings | 4.13 | (1.30) | 1.61 | (0.31) | 1.95 | 7.02 | 8.37 | 5.51 | 2.78 | 4.07 | 6.88 | (0.2%) | ||||||
| Cash flow | (2.90) | 2.11 | 4.87 | 7.27 | 0.92 | (2.22) | (7.75) | 7.62 | 8.40 | (3.42) | (11.90) | +1.8% | ||||||
| Capex | (0.95) | (1.30) | (1.12) | (0.73) | (0.51) | (0.50) | (2.11) | (2.50) | (1.71) | (0.90) | (0.89) | (0.6%) | ||||||
| Free cash flow | (3.85) | 0.81 | 3.75 | 6.54 | 0.41 | (2.72) | (9.87) | 5.12 | 6.69 | (4.31) | (12.79) | +1.3% | ||||||
| Book value | 40.79 | 39.07 | 37.70 | 37.09 | 41.15 | 42.50 | 51.62 | 54.39 | 58.09 | 61.13 | 64.22 | +4.6% | ||||||
| Shares, m | 127 | 120 | 110 | 100 | 99 | 99 | 92 | 91 | 86 | 82 | 82 | (4.7%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 9.44 | 0.00 | 29.04 | 0.00 | 20.66 | 6.09 | 6.02 | 9.22 | 19.23 | 21.82 | 11.50 | 12.2 | |||||
| P/S | 0.28 | 0.27 | 0.26 | 0.16 | 0.20 | 0.17 | 0.18 | 0.19 | 0.21 | 0.26 | 0.20 | 0.2 | ||||||
| P/B | 0.95 | 1.10 | 1.21 | 0.75 | 0.97 | 1.01 | 0.98 | 0.93 | 0.91 | 1.45 | 1.30 | 1.0 | ||||||
| EV/Sales | 0.32 | 0.32 | 0.30 | 0.21 | 0.25 | 0.23 | 0.28 | 0.28 | 0.31 | 0.35 | 0.30 | 0.3 | ||||||
| EV/FCF | (11.35) | 61.53 | 14.27 | 5.71 | 122.45 | (20.56) | (8.08) | 14.43 | 12.06 | (27.14) | (9.11) | 16.3 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | (369) | 253 | 535 | 730 | 91 | (219) | (714) | 690 | 725 | (281) | (979) | (3.0%) | |||||
| Capex | (120) | (156) | (123) | (74) | (50) | (49) | (195) | (226) | (147) | (74) | (73) | (5.3%) | ||||||
| Free cash flow | (489) | 98 | 412 | 657 | 41 | (268) | (908) | 464 | 577 | (354) | (1,052) | (3.5%) | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 5,080 | 4,641 | 4,298 | 4,048 | 4,108 | 4,625 | 6,501 | 5,905 | 5,891 | 5,830 | 6,933 | +1.5% | |||||
| Net debt | 612 | 868 | 874 | 948 | 992 | 1,284 | 2,700 | 2,096 | 2,382 | 2,323 | 3,070 | +16.0% | ||||||
| Shareholders’ equity | 5,182 | 4,685 | 4,140 | 3,726 | 4,084 | 4,193 | 4,752 | 4,926 | 5,011 | 5,023 | 5,284 | (0.3%) | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 5.02 | (1.62) | 1.94 | (0.37) | 2.27 | 7.17 | 6.74 | 4.04 | 1.97 | 2.43 | 3.66 | (2.6) pt | |||||
| ROIC | 4.79 | 2.35 | 4.56 | (0.06) | 3.47 | 10.72 | 9.95 | 7.52 | 4.35 | 6.17 | 7.91 | +1.4 pt | ||||||
| ROE | 10.64 | (3.17) | 4.00 | (0.79) | 4.94 | 16.73 | 17.24 | 10.31 | 4.83 | 6.67 | 0.00 | (4.0) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 15,700 | 15,400 | 15,500 | 14,600 | 14,500 | 15,300 | 15,800 | 15,462 | 14,869 | 15,040 | — | (0.5%) | |||||
| Revenue/emp, $m | 1.11 | 1.24 | 1.26 | 1.21 | 1.35 | 1.59 | 1.68 | 1.54 | 1.49 | 1.84 | — | +5.8% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jun 2026 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2026
| Electronic Components | 25,852 | 93.56% |
|---|---|---|
| Farnell | 1,781 | 6.44% |
| Gross margin | 10.43% | |
| Operating margin | 2.62% | |
| Pre-tax margin | 1.69% |
Avnet, Inc. vs peers in Electronics & Computer Distribution (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| SNX TD SYNNEX Corporation | $17.2B | 13.3× | 11.8× | +37.75% (above 0%: growing) | +88.41% (above 0%: growing) | −556.06% (below 0%: shrinking) | 6.61% | 2.98% | Compare |
| ARW Arrow Electronics, Inc. | $9.0B | 9.1× | 9.0× | +38.97% (above 0%: growing) | +196.28% (above 0%: growing) | −50.11% (below 0%: shrinking) | 10.82% | 4.01% | Compare |
| AVT Avnet, Inc. | $6.3B | 11.5× | 6.6× | +81.70% (above 0%: growing) | +453.18% (above 0%: growing) | −412.30% (below 0%: shrinking) | 10.02% | 4.43% | |
| NSIT Insight Enterprises, Inc. | $4.5B | 26.5× | 19.7× | +21.84% (above 0%: growing) | −53.29% (below 0%: shrinking) | −47.26% (below 0%: shrinking) | 21.43% | 2.81% | Compare |
| CNXN PC Connection, Inc. | $2.0B | 19.5× | 18.1× | +23.30% (above 0%: growing) | +27.17% (above 0%: growing) | −87.72% (below 0%: shrinking) | 18.51% | 4.69% | Compare |
| SCSC ScanSource, Inc. | $918.0M | 13.2× | 9.9× | +30.10% (above 0%: growing) | −52.23% (below 0%: shrinking) | −312.08% (below 0%: shrinking) | 12.15% | 1.29% | Compare |
| CLMB Climb Global Solutions, Inc. | $743.5M | 30.7× | 28.2× | +36.55% (above 0%: growing) | +69.88% (above 0%: growing) | −49.64% (below 0%: shrinking) | 14.98% | 4.52% | Compare |
| TAIT Taitron Components Incorporated | $6.6M | 16.6× | — | −61.87% (below 0%: shrinking) | n/m | −192.59% (below 0%: shrinking) | 4.72% | (65.17%) | Compare |
| IZM ICZOOM Group Inc. | $1.6M | 1.6× | — | −37.90% (below 0%: shrinking) | +33.33% (above 0%: growing) | +170.78% (above 0%: growing) | 2.33% | 0.00% | Compare |
| Median of peers | $1.5B | 15.0× | 15.0× | +26.70% | +33.33% | −68.91% | 11.49% | 2.90% |
From the latest earnings call
- CEO Phil Gallagher said component demand had broadened beyond AI and data centers, while lead times extended and price increases spread beyond memory.
- CFO Ken Jacobson said customers were seeking buffer stocks, but Avnet’s indicators did not suggest a significant buildup of customer inventories.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
107.82%
Held by the ten largest
58.31%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| BlackRock | 10.31m | 12.57% | +1.04m |
| Vanguard | 10.19m | 12.42% | −462.30k |
| Dimensional Fund Advisors | 5.85m | 7.12% | −39.26k |
| AQR Capital Management | 3.93m | 4.79% | +83.20k |
| GREENHAVEN ASSOCIATES INC | 3.77m | 4.60% | −147.65k |
| LSV ASSET MANAGEMENT | 3.31m | 4.03% | +443.31k |
| PZENA INVESTMENT MANAGEMENT LLC | 3.12m | 3.80% | −2.57m |
| American Century | 2.87m | 3.49% | −316.57k |
| State Street | 2.66m | 3.24% | +14.86k |
| Fidelity (FMR) | 1.85m | 2.26% | −621.78k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 6 October 2026
Ownership
Directors and executive officers, together
2.00%
BlackRock, Inc.
9.50%
Vanguard Portfolio Management
7.80%
Dimensional Fund Advisors LP
6.90%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Avnet, Inc. (AVT) Latest News
5 Nov
4 Nov
24 Sep
17 Sep
14 Aug
AVT metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Avnet is a global distributor of electronic components and a provider of technology and supply-chain services. It connects component manufacturers with businesses that use those parts to design and build products. Founded in 1921 and headquartered in Phoenix, Avnet is led by Chief Executive Officer Philip Gallagher.
The company has two operating groups. Electronic Components serves mainly medium- and high-volume customers, distributing semiconductors and other components used in electronic products. It also helps customers choose parts, design products, manage inventory, and arrange warehousing and delivery. Its embedded and integrated solutions activities include designing and assembling products and systems for customer requirements.