AVT

MKT CAP:$6B

Avnet, Inc.

Market Cap

$6B

Technology·Technology Distributors·🇺🇸 United States·NASDAQ

Technology·Technology·🇺🇸·NASDAQ

Stock Price

$78.11+$28.77 (+58.31%)

Apr 23, 2026

Company Details

Avnet, Inc., a technology solutions company, markets, sells, and distributes electronic components. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distribu...

CEO

Philip R. Gallagher

IPO Date

May 3, 1973

Website

www.avnet.com

Key Metrics TTM

Revenue

$23.2B

+3.0% YoY

Net Income

$207M

EPS (Diluted)

$2.44

Free Cash Flow

$218M

Revenue / Share

$279.64

Gross Margin

10.6%

Operating Margin

2.2%

Net Margin

0.9%

FCF Margin

0.9%

P/S

0.3x

P/E

31.1x

Earnings Reports

Q3 2026

Apr 29, 2026

PENDING

Q2 2026

Jan 29, 2026

$6.3B+11.6%EPS $0.75

Q1 2026

Oct 30, 2025

$5.9B+5.3%EPS $0.61

FY 2025

Aug 6, 2025

$22.2B-6.6%EPS $2.75

Q4 2025

Aug 6, 2025

$5.6B+1.0%EPS $0.07

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 22	$6.5B	$813M	$274M
Q4 22	$6.4B	$780M	$285M
Q1 23	$6.8B	$768M	$291M
Q2 23	$6.7B	$784M	$299M
Q3 23	$6.5B	$812M	$314M
Q4 23	$6.6B	$818M	$284M
Q1 24	$6.3B	$748M	$254M
Q2 24	$6.2B	$706M	$236M
Q3 24	$5.7B	$669M	$190M
Q4 24	$5.6B	$643M	$164M
Q1 25	$5.6B	$607M	$142M
Q2 25	$5.7B	$596M	$155M
Q3 25	$5.3B	$588M	$143M
Q4 25	$5.6B	$594M	$73M
Q1 26	$5.9B	$615M	$142M
Q2 26	$6.3B	$663M	$146M

Valuation

Quarter	P/S	P/E
Q3 22	0.3x	12.1x
Q4 22	0.3x	9.3x
Q1 23	0.3x	8.4x
Q2 23	0.2x	7.5x
Q3 23	0.2x	7.5x
Q4 23	0.2x	8.4x
Q1 24	0.2x	8.1x
Q2 24	0.3x	9.6x
Q3 24	0.3x	11.3x
Q4 24	0.3x	12.9x
Q1 25	0.3x	18.5x
Q2 25	0.3x	20.3x
Q3 25	0.3x	20.4x
Q4 25	0.3x	26.8x
Q1 26	0.3x	27.7x
Q2 26	0.3x	31.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 22	$244M	$232M
Q4 22	-$200M	-$215M
Q1 23	-$645M	-$673M
Q2 23	-$321M	-$405M
Q3 23	$18M	-$8M
Q4 23	$235M	$178M
Q1 24	-$41M	-$117M
Q2 24	-$42M	-$124M
Q3 24	$499M	$457M
Q4 24	$274M	$248M
Q1 25	$106M	$75M
Q2 25	$338M	$308M
Q3 25	$141M	$114M
Q4 25	$139M	$80M
Q1 26	-$145M	-$169M
Q2 26	$208M	$193M

Capital Expenditures

Quarter	CapEx
Q3 22	$12M
Q4 22	$15M
Q1 23	$28M
Q2 23	$83M
Q3 23	$26M
Q4 23	$57M
Q1 24	$76M
Q2 24	$82M
Q3 24	$42M
Q4 24	$26M
Q1 25	$32M
Q2 25	$29M
Q3 25	$27M
Q4 25	$60M
Q1 26	$25M
Q2 26	$15M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 22	+32.0%	+28.7%
Q4 22	+21.9%	+19.2%
Q1 23	+20.9%	+19.3%
Q2 23	+14.5%	+13.5%
Q3 23	+0.4%	-0.2%
Q4 23	+2.9%	+3.0%
Q1 24	-6.1%	-5.8%
Q2 24	-7.6%	-7.0%
Q3 24	-13.2%	-11.9%
Q4 24	-15.1%	-13.9%
Q1 25	-11.5%	-10.2%
Q2 25	-8.7%	-7.7%
Q3 25	-6.0%	-5.3%
Q4 25	+1.0%	+2.7%
Q1 26	+5.3%	+5.4%
Q2 26	+11.6%	+12.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 22	$9M	0.1%
Q4 22	$8M	—
Q1 23	$9M	0.1%
Q2 23	$12M	0.2%
Q3 23	$9M	0.1%
Q4 23	$9M	—
Q1 24	$9M	0.1%
Q2 24	$11M	0.2%
Q3 24	$7M	0.1%
Q4 24	$6M	0.1%
Q1 25	$11M	0.2%
Q2 25	$10M	0.2%
Q3 25	$9M	0.2%
Q4 25	$6M	0.1%
Q1 26	$10M	0.2%
Q2 26	$16M	0.3%

OpEx Breakdown

Quarter	SG&A
Q3 22	$512M
Q4 22	$495M
Q1 23	$478M
Q2 23	$485M
Q3 23	$498M
Q4 23	$506M
Q1 24	$487M
Q2 24	$465M
Q3 24	$467M
Q4 24	$450M
Q1 25	$439M
Q2 25	$437M
Q3 25	$435M
Q4 25	$451M
Q1 26	$464M
Q2 26	$492M

Revenue Segments

Quarter	Electronic Components	Farnell
Q3 22	$6.0B	$469M
Q1 23	$6.3B	$426M
Q2 23	$6.3B	$408M
Q3 23	$6.1B	$455M
Q1 24	$5.9B	$421M
Q2 24	$5.8B	$393M
Q3 24	$5.2B	$408M
Q4 24	$5.2B	$375M
Q1 25	$5.3B	$347M
Q2 25	$5.3B	$346M
Q3 25	$4.9B	$367M
Q1 26	$5.5B	$399M
Q2 26	$5.9B	$427M

Revenue by Geography

Quarter	Americas	Asia	Emea	Asia Pacific
Q3 22	$1.6B	$2.7B	$2.2B	—
Q1 23	$1.7B	$2.9B	$2.1B	—
Q2 23	$1.7B	$2.8B	$2.3B	—
Q3 23	$1.7B	$2.4B	$2.4B	—
Q1 24	$1.6B	$2.5B	$2.3B	—
Q2 24	$1.6B	$2.5B	$2.1B	—
Q3 24	$1.4B	$2.2B	$2.1B	—
Q4 24	$1.4B	$2.3B	$1.9B	—
Q1 25	$1.3B	$2.6B	$1.7B	—
Q2 25	$1.4B	$2.7B	$1.6B	—
Q3 25	$1.3B	$2.5B	$1.6B	—
Q1 26	$1.4B	—	$1.7B	$2.9B
Q2 26	$1.4B	—	$1.7B	$3.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q3 22	$199M	$0	$199M
Q4 22	$154M	$0	$154M
Q1 23	$81M	$0	$81M
Q2 23	$325M	$0	$325M
Q3 23	$186M	$0	$186M
Q4 23	$288M	$0	$288M
Q1 24	$279M	$0	$279M
Q2 24	$273M	$0	$273M
Q3 24	$218M	$0	$218M
Q4 24	$311M	$0	$311M
Q1 25	$268M	$0	$268M
Q2 25	$172M	$0	$172M
Q3 25	$189M	$0	$189M
Q4 25	$192M	$0	$192M
Q1 26	$175M	$0	$175M
Q2 26	$287M	$0	$287M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 22	99M	-0.8%	-0.8%
Q4 22	98M	-1.1%	-2.2%
Q1 23	96M	-2.8%	-5.4%
Q2 23	93M	-3.0%	-7.5%
Q3 23	92M	-0.3%	-7.1%
Q4 23	93M	+0.2%	-5.9%
Q1 24	93M	+0.6%	-2.6%
Q2 24	92M	-1.5%	-1.0%
Q3 24	91M	-0.6%	-1.3%
Q4 24	91M	-0.1%	-1.6%
Q1 25	89M	-1.9%	-4.1%
Q2 25	89M	-0.6%	-3.2%
Q3 25	87M	-2.2%	-4.8%
Q4 25	85M	-2.1%	-6.7%
Q1 26	84M	-0.7%	-5.5%
Q2 26	83M	-2.0%	-6.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 22	$447.5K	15K
Q4 22	$439.5K	15K
Q1 23	$441.2K	15K
Q2 23	$439.1K	15K
Q3 23	$425.8K	15K
Q4 23	$428.4K	15K
Q1 24	$401.0K	16K
Q2 24	$392.7K	16K
Q3 24	$357.8K	16K
Q4 24	$359.8K	15K
Q1 25	$362.4K	15K
Q2 25	$366.3K	15K
Q3 25	$343.8K	15K
Q4 25	$363.3K	15K
Q1 26	$381.5K	15K
Q2 26	$408.7K	15K

Revenue / Employee