Tearsheet

Avnet (AVT)

Market Price (12/26/2025): $49.205 | Market Cap: $4.1 Bil
Sector: Information Technology | Industry: Technology Distributors

Avnet (AVT)

Market Price (12/26/2025): $49.205
Market Cap: $4.1 Bil
Sector: Information Technology
Industry: Technology Distributors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.5%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%, FCF Yield is 8.2%	Weak multi-year price returns 2Y Excs Rtn is -42%, 3Y Excs Rtn is -53%	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 74%
1	Low stock price volatility Vol 12M is 31%	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10%	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.9%
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and Automation & Robotics. Themes include Edge AI, Data Centers & Infrastructure, Show more.		Key risks AVT key risks include [1] significant margin compression and inventory management challenges, Show more.

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 8.5%, Dividend Yield is 2.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.3%, FCF Yield is 8.2%
1	Low stock price volatility Vol 12M is 31%
2	Megatrend and thematic drivers Megatrends include Artificial Intelligence, and Automation & Robotics. Themes include Edge AI, Data Centers & Infrastructure, Show more.
3	Weak multi-year price returns 2Y Excs Rtn is -42%, 3Y Excs Rtn is -53%
4	Meaningful short interest Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 10%
5	Debt is significant Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 74%
6	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -2.3%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -3.9%
7	Key risks AVT key risks include [1] significant margin compression and inventory management challenges, Show more.

Valuation, Metrics & Events

	12/26/25	2024	2023	2022
Share Price CYE	$49.20	$50.92	$47.84	$38.45
Market Cap CYE ($ Bil)	4.1	4.4	4.3	3.5
Total Debt ($ Bil)	3.2	2.9	3.1	3.3
Total Cash ($ Bil)	0.2	0.2	0.3	0.3
Enterprise Value ($ Bil)	7.1	7.3	7.4	6.8
Valuation Ratios
P/S TTM	0.2	0.2	0.2	0.1
P/EBIT TTM	8.3	9.1	5.0	3.1
P/E TTM	17.5	18.8	9.2	5.0
P/FCF TTM	12.3	7.8	9.8	-4.2
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9	2.6
P/EBIT TTM (Sector)	3.0	2.3	-0.2	-0.7
P/E TTM (Sector)	-0.2	-0.3	-0.5	-0.8
P/FCF TTM (Sector)	12.3	13.7	12.2	6.9

	12/26/25	2024	2023
Share Price CYE	$49.20	$50.92	$47.84
Market Cap CYE ($ Bil)	4.1	4.4	4.3
Total Debt ($ Bil)	3.2	2.9	3.1
Total Cash ($ Bil)	0.2	0.2	0.3
Enterprise Value ($ Bil)	7.1	7.3	7.4
Valuation Ratios
P/S TTM	0.2	0.2	0.2
P/EBIT TTM	8.3	9.1	5.0
P/E TTM	17.5	18.8	9.2
P/FCF TTM	12.3	7.8	9.8
Sector Ratios
P/S TTM (Sector)	3.2	3.2	2.9
P/EBIT TTM (Sector)	3.0	2.3	-0.2
P/E TTM (Sector)	-0.2	-0.3	-0.5
P/FCF TTM (Sector)	12.3	13.7	12.2

	AVT	S&P 500
REVENUE GROWTH	VERY POOR
Rev LTM ($ Bil)	22.5
Rev Chg Q	5.3%	7.3%
Rev Chg LTM	-2.3%	6.1%
Rev Chg 3Y Avg	-3.9%	5.5%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	0.6
CFO LTM ($ Bil)	0.5
Net Inc LTM ($ Bil)	0.2
Op Mgn LTM	2.7%	18.8%
CFO/Rev LTM	2.1%	20.4%
Net Inc Mgn	1.0%	13.1%
VALUATION	LOW
P/S	0.2	3.3
P/CFO	8.6	15.8
P/FCF	12.3	20.7
P/E	17.5	23.5
STABILITY	POOR
Debt/Equity	0.78	0.21
Cash/Assets	0.01	0.07

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Metric	Value	Date	Source
Number of Customers	More than 1 million	10292025	Link
Market Share in Electronic Parts & Equipment Industry	43.58%	3312025	Link
element14 Community Members	890000	11062025	Link
Book-to-bill Ratio	Above parity	10292025	Link

Upcoming
2/04/2026	Earnings Release	Rev: - EPS: -

AVT Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

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Avnet (AVT) experienced a notable decline in its stock price between August 31, 2025, and December 26, 2025. This -8.5% movement can be attributed to several key factors identified during this period.

1. Weak Fourth Quarter and Fiscal Year 2025 Financial Results: Avnet reported its fourth quarter and fiscal year 2025 financial results on August 6, 2025. Despite slight revenue growth of 1% year-over-year, reaching $5.6 billion, adjusted earnings per share declined significantly. The adjusted operating income margin also decreased to 2.5% from 3.5% in the same period last year, marking a 26% year-over-year decrease.

2. Profitability and Margin Pressures: The company faced significant profitability and margin challenges in fiscal year 2025. Adjusted operating income declined, and while the Farnell segment showed some improvement, the Electronic Components segment experienced a 25% decline in adjusted operating income.

Show more
Avnet (AVT) experienced a notable decline in its stock price between August 31, 2025, and December 26, 2025. This -8.5% movement can be attributed to several key factors identified during this period.

1. Weak Fourth Quarter and Fiscal Year 2025 Financial Results: Avnet reported its fourth quarter and fiscal year 2025 financial results on August 6, 2025. Despite slight revenue growth of 1% year-over-year, reaching $5.6 billion, adjusted earnings per share declined significantly. The adjusted operating income margin also decreased to 2.5% from 3.5% in the same period last year, marking a 26% year-over-year decrease.

2. Profitability and Margin Pressures: The company faced significant profitability and margin challenges in fiscal year 2025. Adjusted operating income declined, and while the Farnell segment showed some improvement, the Electronic Components segment experienced a 25% decline in adjusted operating income.

3. Analyst Price Target Adjustments: Several analysts issued price targets for AVT during this period. For example, on August 7, 2025, William Stein from Truist Securities set a target price of $54.0, and on August 11, 2025, Ruplu Bhattacharya from B of A Securities set a target price of $50.0. While some targets were around the prevailing price, the range and revisions might have contributed to investor caution.

4. Mixed Regional Performance: While Avnet reported a fourth consecutive quarter of year-over-year sales growth in Asia, sales in the Americas and EMEA regions had previously seen declines in fiscal Q3 2025, with EMEA experiencing a 24.1% decrease and Americas a 9.2% decrease. This regional disparity, despite some signs of recovery in Asia and Farnell, indicated an overall challenging market environment.

5. General Market Conditions and Investor Caution: Avnet's management acknowledged a "highly dynamic geopolitical and market environment" in their Q3 fiscal 2025 results. The challenging environment for electronic component distributors, coupled with ongoing regional demand fluctuations, led to continued investor caution, as reflected in the stock's pre-market decline following the Q4 2025 earnings report. Show less

Stock Movement Drivers

Fundamental Drivers

The -3.9% change in AVT stock from 9/25/2025 to 12/25/2025 was primarily driven by a -4.3% change in the company's Net Income Margin (%).

	9252025	12252025	Change
Stock Price ($)	51.20	49.22	-3.86%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	22200.75	22495.17	1.33%
Net Income Margin (%)	1.08%	1.04%	-4.27%
P/E Multiple	17.93	17.53	-2.20%
Shares Outstanding (Mil)	84.11	83.00	1.33%
Cumulative Contribution			-3.88%

LTM = Last Twelve Months as of date shown

Market Drivers

9/25/2025 to 12/25/2025

	Return	Correlation
AVT	-3.9%
Market (SPY)	4.9%	57.7%
Sector (XLK)	5.3%	48.8%

Fundamental Drivers

The -5.3% change in AVT stock from 6/26/2025 to 12/25/2025 was primarily driven by a -27.6% change in the company's Net Income Margin (%).

	6262025	12252025	Change
Stock Price ($)	51.97	49.22	-5.28%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	22145.94	22495.17	1.58%
Net Income Margin (%)	1.43%	1.04%	-27.59%
P/E Multiple	14.11	17.53	24.26%
Shares Outstanding (Mil)	86.01	83.00	3.51%
Cumulative Contribution			-5.40%

LTM = Last Twelve Months as of date shown

Market Drivers

6/26/2025 to 12/25/2025

	Return	Correlation
AVT	-5.3%
Market (SPY)	13.1%	51.9%
Sector (XLK)	16.7%	43.7%

Fundamental Drivers

The -5.5% change in AVT stock from 12/25/2024 to 12/25/2025 was primarily driven by a -31.5% change in the company's Net Income Margin (%).

	12252024	12252025	Change
Stock Price ($)	52.10	49.22	-5.52%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	23025.63	22495.17	-2.30%
Net Income Margin (%)	1.51%	1.04%	-31.54%
P/E Multiple	13.17	17.53	33.09%
Shares Outstanding (Mil)	88.09	83.00	5.78%
Cumulative Contribution			-5.84%

LTM = Last Twelve Months as of date shown

Market Drivers

12/25/2024 to 12/25/2025

	Return	Correlation
AVT	-5.5%
Market (SPY)	15.8%	68.7%
Sector (XLK)	22.2%	64.7%

Fundamental Drivers

The 27.5% change in AVT stock from 12/26/2022 to 12/25/2025 was primarily driven by a 269.6% change in the company's P/E Multiple.

	12262022	12252025	Change
Stock Price ($)	38.60	49.22	27.51%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	25476.15	22495.17	-11.70%
Net Income Margin (%)	3.00%	1.04%	-65.52%
P/E Multiple	4.74	17.53	269.58%
Shares Outstanding (Mil)	94.05	83.00	11.75%
Cumulative Contribution			25.75%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2023 to 12/25/2025

	Return	Correlation
AVT	1.9%
Market (SPY)	48.3%	65.6%
Sector (XLK)	53.5%	59.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
AVT Return	-15%	20%	3%	24%	6%	-4%	35%
Peers Return	21%	43%	-8%	40%	4%	5%	144%
S&P 500 Return	16%	27%	-19%	24%	23%	18%	115%
Monthly Win Rates [3]
AVT Win Rate	42%	67%	50%	58%	50%	33%
Peers Win Rate	57%	73%	40%	62%	55%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	73%
Max Drawdowns [4]
AVT Max Drawdown	-53%	0%	-12%	-2%	-13%	-20%
Peers Max Drawdown	-53%	-3%	-24%	-3%	-12%	-25%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: ARW, SNX, WCC, NSIT, GWW. See AVT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/24/2025 (YTD)

How Low Can It Go

Unique Key	Event	AVT	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-27.6%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	38.1%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	276 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-53.7%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	115.9%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	383 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-30.6%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	44.1%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	1,648 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-72.7%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	266.4%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1,889 days	1,480 days

Compare to ROK, ARW, IPGP, ASH, CDW

In The Past

Avnet's stock fell -27.6% during the 2022 Inflation Shock from a high on 6/7/2022. A -27.6% loss requires a 38.1% gain to breakeven.

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About Avnet (AVT)

Business Description Analogies Products Customers Suppliers Management Key Risks Emerging Threats Market Size Revenue Drivers Capital Allocation

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 distributes semiconductors; interconnect, passive, and electromechanical devices; and other integrated components from electronic component manufacturers. It also offers design chain support that provides engineers with technical design solutions; engineering and technical resources to support product design, bill of materials development, and technical education and training; and supply chain solutions that provide support and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides integrated solutions, such as technical design, integration, and assembly of embedded products, and systems and solutions primarily for industrial applications, as well as for intelligent embedded and innovative embedded display solutions comprising touch and passive displays. Further, it develops and manufactures standard board and industrial subsystems, and application-specific devices that enable it to produce systems tailored to specific customer requirements. This segment serves various markets, such as automotive, medical, defense, aerospace, telecommunications, industrial, and digital editing. The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products to engineers and entrepreneurs. It has operations in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.

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Here are two brief analogies for Avnet:

Grainger for electronic components.
Amazon Business for electronic parts.

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Electronic Components Distribution: Sourcing and distribution of semiconductors, interconnect, passive, and electromechanical components to various industries.
Embedded Solutions: Providing integrated hardware, software, and services for embedded systems, including design, prototyping, and manufacturing support.
Supply Chain Services: Comprehensive logistics, inventory management, warehousing, and kitting services to optimize customers' component supply chains.
Design and Technical Services: Offering engineering support, design assistance, and technical expertise to help customers develop and bring new electronic products to market.

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Avnet (AVT) Major Customers

Avnet (symbol: AVT) primarily sells to other companies (Business-to-Business, or B2B) rather than individuals.

Due to the nature of its business as a global electronics distributor, Avnet serves a highly diversified customer base that spans numerous industries and geographies. Avnet's financial disclosures indicate that no single customer accounted for 10% or more of its consolidated sales in recent fiscal years. Therefore, Avnet does not publicly disclose specific individual "major customers" by name.

Instead, Avnet's customer base is comprised of a vast array of companies that design, manufacture, and integrate electronic products. These customers generally fall into the following categories:

Original Equipment Manufacturers (OEMs): These are companies that design and manufacture their own end-products. Avnet supplies them with the electronic components, embedded solutions, and supply chain services needed for products ranging from industrial control systems and medical devices to automotive electronics and consumer gadgets.
Electronic Manufacturing Service (EMS) Providers: Companies that provide manufacturing, assembly, and testing services for OEMs. EMS providers rely on Avnet for the timely supply of components and logistical support to build products for their clients.
Original Design Manufacturers (ODMs): These companies design and manufacture products that are then rebranded and sold by other companies. Avnet supports ODMs with component supply and design chain services.

These customers operate across various end markets, including but not limited to:

Industrial (e.g., automation, robotics)
Communications (e.g., networking, telecom infrastructure)
Aerospace and Defense
Automotive (e.g., in-car electronics, EV components)
Medical (e.g., diagnostic equipment, wearables)
Consumer electronics

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Texas Instruments (Symbol: TXN)
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Phil Gallagher, Chief Executive Officer

Phil Gallagher has over 40 years of experience with Avnet, having been named CEO in November 2020. He previously served as global president of Electronic Components, leading the company's broadline components distribution business worldwide. Gallagher began his career with Avnet in 1982 and has held key executive leadership positions in sales, marketing, and operations, including president of Avnet Electronic Marketing Americas from 2004 to 2009 and global president of Avnet Technology Solutions from 2009 to 2014. He is a past president of the National Electronics Distributors Association (NEDA), now known as the Electronics Components Industry Association (ECIA). He also serves on the Arizona Commerce Authority Board of Directors, the Greater Phoenix Leadership Board of Directors, and the Advisory Board of Women in Electronics. Gallagher holds a bachelor's degree from Drexel University.

Ken Jacobson, Chief Financial Officer

Ken Jacobson was appointed Chief Financial Officer of Avnet in September 2022. He joined Avnet in 2013 and served as interim CFO from 2017 to 2018. Prior to his appointment as CFO, Jacobson was the corporate controller, where he was responsible for the global accounting organization, finance organizations within Avnet's business units, and management oversight of global supply chain engagements. He brought 12 years of public accounting and industry experience to Avnet, working with various public, private, and international companies across sectors including technology, manufacturing, and distribution. Jacobson holds a bachelor's degree in accounting from the University of Washington and is an inactive CPA in Washington and Arizona. He has also served on the board of directors for a Phoenix-area based nonprofit for 10 years.

Ken Arnold, Chief People Officer

Ken Arnold is Avnet's Senior Vice President and Global Chief People Officer, reporting to CEO Phil Gallagher. In this role, he leads the company's HR strategy and global human resources team, focusing on attracting, developing, engaging, and rewarding employees. He also acts as Management's liaison to the Compensation and Leadership Development Committee of the Board of Directors for Avnet.

Max Chan, Chief Information Officer

Max Chan serves as Avnet's Chief Information Officer. He is responsible for leading the company's information technology strategy and operations on a global scale.

Michael McCoy, General Counsel and Chief Legal Officer

Michael McCoy is Avnet's General Counsel and Chief Legal Officer. He leads the global legal department and oversees all legal and compliance matters for the company.

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Here are the key risks to Avnet's business:

Cyclical Downturns and Market Volatility in the Electronic Components Industry: Avnet operates in the electronic components industry, which is highly susceptible to cyclical downturns and market volatility. These downturns can lead to decreased demand, reduced sales, and declining net income. For example, the electronic components industry entered a deep inventory correction in late 2023, causing Avnet's total sales for fiscal year 2025 to drop by 6.6% from the prior year. This external pressure significantly impacts the company's financial health and market position.
Margin Compression and Inventory Management Challenges: The company faces intense pressure on its profitability, characterized by "wafer-thin margins" and "margin compression." This is evidenced by a decline in the gross profit margin to 10.7% in fiscal year 2025 and an operating income margin of only 2.3% for the same year. Additionally, increased inventory levels relative to sales suggest potential inefficiencies in inventory management, which could lead to higher carrying costs and reduced liquidity.
Regional Demand Imbalances and Geopolitical Risks: Avnet experiences significant regional divergence in demand, with strong growth in Asia (contributing to approximately 50% of revenue in fiscal year 2025) juxtaposed with declines in Europe, the Middle East, and Africa (EMEA) and the Americas. This "regionally lopsided recovery" poses a risk. Furthermore, changes in global trade policies, including tariffs, and broader geopolitical events and military conflicts can significantly impact Avnet's operations and supply chain strategies.

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Avnet (AVT) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:

Regional Market Recovery and Growth: Avnet anticipates sequential sales growth in the Asia Pacific region, which has historically led the company out of market cycles. The Americas region has also shown a return to year-over-year growth, and Europe is expected to stabilize with modest sequential improvement. This broad regional recovery, coupled with an anticipated industry-wide return to growth in 2025, is a significant driver for increased revenue.
Expansion in High-Growth Vertical Markets: The company is strategically focusing on and investing in specific vertical markets that are experiencing resilient demand. These include transportation, compute, communication, defense/aerospace, and medical sectors.
Growth in Avnet Embedded and IP&E (Interconnect, Passive, and Electromechanical) Businesses: Avnet Embedded, a business focused on designing, building, and manufacturing boards for various verticals, is expected to continue growing and generating higher margins. The company is also seeing positive movement in its IP&E business, which represents higher-margin growth opportunities.
Enhanced Engineering Capabilities and Digital Infrastructure for Demand Creation: Avnet is investing in its digital infrastructure to improve customer experience and data insights. As semiconductors become more pervasive, the company expects the value of its engineering capabilities to increase, leading to demand creation and strengthening its position in the technology supply chain.
Farnell Business Stabilization and Strategic Initiatives: The Farnell business segment is poised for steady growth, driven by stabilization, a rightsized cost structure, and synergies from "power of one" initiatives. Farnell has already shown sequential sales growth and improved margins.

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Share Repurchases

Avnet repurchased 18,439,356 shares for $885.69 million under a buyback program initiated in June 2022, as of September 27, 2025.
In fiscal year 2025, Avnet returned $301 million to shareholders through share repurchases, representing 6.7% of shares outstanding.
Avnet has an expanded share buyback authorization of up to $600 million. The company expects annual share repurchases of $100 million in fiscal 2026 and $130 million-$160 million in fiscal 2027.

Share Issuance

In September 2025, Avnet priced a private offering of $550.0 million aggregate principal amount of 1.75% Convertible Senior Notes due 2030, an increase from the previously announced $500.0 million.
Net proceeds from the $650 million convertible notes offering (Q1 FY2026) were used to reduce debt and repurchase $100 million of stock.

Outbound Investments

Avnet has made strategic investments and acquisitions to expand its technology customer base, design, and development footprint.
The company expects to continue making strategic acquisitions or investments globally to further strategic objectives and support key business initiatives.

Capital Expenditures

Capital expenditures were -$140.29 million in the last 12 months (as of early November 2025).
Avnet's capital expenditures growth reached a 5-year low in July 2023, decreasing by 298.1%.
Annual reported capital expenditures are projected to be $120 million-$130 million in fiscal years 2026 and 2027, primarily focused on distribution centers and information systems, including digital tools and capabilities.

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Amdocs

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for AVT: -3.9% | 0.2x)

CNC (9.6% | 0.1x)

Centene

ACI (2.6% | 0.1x)

Albertsons Companies

SNEX (29.6% | 0.0x)

StoneX

GT (-3.6% | 0.1x)

Goodyear Tire & Rubber

SAH (3.9% | 0.1x)

Sonic Automotive

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AVT: -3.9% | 6.8x)

VZ (0.5% | 5.4x)

Verizon Communications

CMCSA (0.7% | 4.9x)

Comcast

SU (-3.4% | 6.6x)

Suncor Energy

FI (7.5% | 5.5x)

Fiserv

IBKR (48.1% | 3.5x)

Interactive Brokers

Higher Rev Chg LTM (Value for AVT: -2.3%)

LLY (36.8%)

Eli Lilly

META (21.3%)

Meta Platforms

GOOGL (13.4%)

Alphabet

AMZN (10.9%)

Amazon.com

TSLA (-1.6%)

Tesla

Higher Rev Chg 3Y Avg (Value for AVT: -3.9%)

BRK-B (19.8%)

Berkshire Hathaway

META (17.3%)

Meta Platforms

AMZN (11.3%)

Amazon.com

GOOGL (11.0%)

Alphabet

TSLA (9.3%)

Tesla

Higher Op Mgn LTM (Value for AVT: 2.7%)

META (43.2%)

Meta Platforms

LLY (43.0%)

Eli Lilly

GOOGL (32.2%)

Alphabet

AMZN (11.4%)

Amazon.com

TSLA (5.1%)

Tesla

Higher CFO/Rev LTM (Value for AVT: 2.1%)

META (56.8%)

Meta Platforms

GOOGL (39.3%)

Alphabet

AMZN (18.1%)

Amazon.com

TSLA (16.5%)

Tesla

BRK-B (9.8%)

Berkshire Hathaway

Higher FCF/Rev LTM (Value for AVT: 1.5%)

META (23.7%)

Meta Platforms

GOOGL (19.1%)

Alphabet

TSLA (7.1%)

Tesla

BRK-B (4.8%)

Berkshire Hathaway

AMZN (2.0%)

Amazon.com

Higher Total Yield (Value for AVT: 8.5%)

MRK (10.2%)

Merck

XOM (9.2%)

Exxon Mobil

WFC (8.7%)

Wells Fargo

UNH (8.6%)

UnitedHealth

CVX (8.6%)

Chevron

		Best Bets In Information Technology Sector
	AVT	VRSN	IDCC	NVDA	RMBS	GEN	ZM	DBX	YOU	MPWR	DAVE
What You Pay
P/E	17.5	28.3	17.1	46.3	44.4	29.9	16.4	14.6	19.2	24.1	21.0
P/EBIT	8.3	20.4	13.8	39.4	37.9	10.6	23.9	11.9	20.9	66.0	24.0
What You Get
Rev Chg Q	5.3%	7.3%	28.0%	62.5%	22.7%	25.3%	4.4%	-0.7%	15.5%	18.9%	63.0%
Rev Chg LTM	-2.3%	5.5%	28.8%	65.2%	31.0%	16.2%	3.8%	-0.4%	17.8%	30.5%	53.8%
Rev Chg 3Y Avg	-3.9%	5.2%	27.1%	91.6%	17.3%	16.5%	3.4%	3.4%	31.0%	17.2%	38.6%
FCF/Rev 3Y Avg	1.0%	57.4%	54.2%	43.4%	39.3%	36.7%	36.1%	33.4%	32.5%	28.6%	26.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic
0	DASHBOARDS
1	Avnet Earnings Notes
2	Avnet Earnings Notes
3	Avnet Earnings Notes
4	Is Avnet Stock Built to Withstand a Pullback?	Return
5	Avnet vs Verizon Communications: Which Is A Better Investment?	Counter-Intuitive Comparisons
6	Avnet vs CommScope: Which Is A Better Investment?	Counter-Intuitive Comparisons
7	How Does Avnet Stock Stack Up Against Its Peers?	Peer Comparison
8	Better Bet Than AVT Stock: Pay Less Than Avnet To Get More From CHTR, UAL
9	AVT Dip Buy Analysis
10	Avnet Total Shareholder Return (TSR): 7.7% in 2025 and 13.0% 3-yr compounded annual returns (above peer average)

	Title
0	ARTICLES

Trade Ideas

Select ideas related to AVT. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11302025	ENPH	Enphase Energy	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	13.9%	13.9%	-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11262025	PD	PagerDuty	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	12.0%	12.0%	0.0%
CRM_11212025_Dip_Buyer_FCFYield	11212025	CRM	Salesforce	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	17.0%	17.0%	-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE	11212025	HUBS	HubSpot	Dip Buy	DB \| CFO/Rev \| Low D/EDip Buy with High Cash Flow Margins Buying dips for companies with significant cash flows from operations and reasonable debt / market cap	11.9%	11.9%	0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG	11212025	FIVN	Five9	Dip Buy	DB \| FCF Yield \| Low D/EDip Buy with High Free Cash Flow Yield Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap	4.1%	4.1%	0.0%

Recent Active Movers

Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
OMER	Omeros	0.9	75.5%	55.5%
DVAX	Dynavax Technologies	1.8	38.2%	20.4%
EWTX	Edgewise Therapeutics	2.9	25.5%	2.2%
AGIO	Agios Pharmaceuticals	1.7	18.6%	-11.2%
TVTX	Travere Therapeutics	3.6	13.9%	131.2%
KOD	Kodiak Sciences	1.6	13.2%	212.4%
RZLT	Rezolute	0.3	13.2%	-44.1%
UP	Wheels Up Experience	0.5	11.7%	-57.4%
FBYD	Falcons Beyond Global	0.7	9.5%	129.7%
BW	Babcock & Wilcox Enterprises	0.5	8.5%	226.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
ASTS	AST SpaceMobile	18.9	-8.9%	269.9%
QBTS	D-Wave Quantum	9.4	-5.5%	227.6%
NNE	Nano Nuclear Energy	1.2	-4.6%	21.7%
MNMD	Mind Medicine	1.2	-4.2%	93.0%
PPTA	Perpetua Resources	2.0	-4.0%	149.1%
KOS	Kosmos Energy	0.4	-4.0%	-73.6%
FRMI	Fermi	5.5	-4.0%	-75.7%
EXOD	Exodus Movement	0.4	-3.9%	-50.5%
TLRY	Tilray Brands	10.8	-3.6%	-23.7%
AEHR	Aehr Test Systems	0.7	-3.1%	32.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
OMER	Omeros	0.9	74.0%	55.5%
LUNR	Intuitive Machines	2.0	63.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	51.1%	11.2%
FBYD	Falcons Beyond Global	0.7	47.2%	129.7%
FLY	Firefly Aerospace	3.8	45.9%	-55.2%
RKLB	Rocket Lab	39.8	43.0%	203.0%
DVAX	Dynavax Technologies	1.8	42.5%	20.4%
UAMY	United States Antimony	0.8	39.9%	258.8%
DJT	Trump Media & Technology	4.0	36.7%	-58.0%
RZLT	Rezolute	0.3	36.3%	-44.1%

Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
NOW	ServiceNow	31.7	-80.5%	-28.0%
TPL	Texas Pacific Land	6.8	-66.5%	-19.2%
LW	Lamb Weston	6.0	-28.6%	-34.8%
TLRY	Tilray Brands	10.8	-21.2%	-23.7%
INSP	Inspire Medical Systems	2.8	-19.1%	-48.4%
TDUP	ThredUp	0.8	-17.1%	354.7%
OLMA	Olema Pharmaceuticals	2.3	-15.8%	370.8%
IIPR	Innovative Industrial Properties	1.4	-12.9%	-15.7%
ABM	ABM Industries	2.6	-12.6%	-15.8%
FRMI	Fermi	5.5	-12.6%	-75.7%

Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
WVE	WAVE Life Sciences	3.0	144.6%	47.5%
TE	T1 Energy	1.1	124.5%	418.4%
ANF	Abercrombie & Fitch	6.0	93.2%	-15.2%
VERA	Vera Therapeutics	3.6	90.4%	31.6%
LUNR	Intuitive Machines	2.0	85.7%	-8.0%
AAOI	Applied Optoelectronics	2.6	82.5%	11.2%
RKLB	Rocket Lab	39.8	81.8%	203.0%
PL	Planet Labs PBC	6.2	76.1%	403.0%
NRGV	Energy Vault	0.8	66.9%	118.9%
FLY	Firefly Aerospace	3.8	60.4%	-55.2%

Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
RZLT	Rezolute	0.3	-72.0%	-44.1%
JANX	Janux Therapeutics	0.9	-54.6%	-73.3%
LENZ	LENZ Therapeutics	0.5	-46.3%	-40.6%
FRMI	Fermi	5.5	-45.2%	-75.7%
GOGO	Gogo	0.6	-34.1%	-43.0%
HPK	HighPeak Energy	0.6	-30.8%	-69.2%
ORIC	ORIC Pharmaceuticals	0.7	-28.5%	4.5%
FDMT	4D Molecular Therapeutics	0.5	-25.6%	45.4%
NKTR	Nektar Therapeutics	0.6	-25.1%	215.0%
LW	Lamb Weston	6.0	-24.8%	-34.8%

Peer Comparisons for Avnet

Peers to compare with:

Financials

	AVT	ARW	SNX	WCC	NSIT	GWW	Median
Name	Avnet	Arrow El.	TD Synnex	WESCO In.	Insight .	W.W. Gra.
Mkt Price	49.22	112.52	153.10	254.70	81.01	1,030.73	132.81
Mkt Cap	4.1	5.8	12.5	12.4	2.5	49.3	9.1
Rev LTM	22,495	29,389	60,974	22,942	8,272	17,750	22,719
Op Inc LTM	604	816	1,346	1,211	340	2,494	1,013
FCF LTM	333	94	480	250	333	1,232	333
FCF 3Y Avg	212	512	844	596	530	1,510	563
CFO LTM	474	191	633	330	365	2,048	419
CFO 3Y Avg	400	603	1,000	690	569	2,041	646

Growth & Margins

	AVT	ARW	SNX	WCC	NSIT	GWW	Median
Name	Avnet	Arrow El.	TD Synnex	WESCO In.	Insight .	W.W. Gra.
Rev Chg LTM	-2.3%	3.2%	6.9%	5.3%	-6.7%	4.8%	4.0%
Rev Chg 3Y Avg	-3.9%	-6.8%	-0.3%	3.6%	-7.6%	6.3%	-2.1%
Rev Chg Q	5.3%	13.0%	6.6%	12.9%	-4.0%	6.1%	6.4%
QoQ Delta Rev Chg LTM	1.3%	3.1%	1.6%	3.2%	-1.0%	1.5%	1.6%
Op Mgn LTM	2.7%	2.8%	2.2%	5.3%	4.1%	14.1%	3.4%
Op Mgn 3Y Avg	3.6%	3.8%	2.2%	5.8%	4.6%	14.9%	4.2%
QoQ Delta Op Mgn LTM	-0.1%	-0.1%	0.1%	-0.1%	0.0%	-1.2%	-0.1%
CFO/Rev LTM	2.1%	0.6%	1.0%	1.4%	4.4%	11.5%	1.8%
CFO/Rev 3Y Avg	1.8%	2.0%	1.7%	3.1%	6.3%	12.0%	2.6%
FCF/Rev LTM	1.5%	0.3%	0.8%	1.1%	4.0%	6.9%	1.3%
FCF/Rev 3Y Avg	1.0%	1.7%	1.4%	2.7%	5.9%	8.9%	2.2%

Valuation

	AVT	ARW	SNX	WCC	NSIT	GWW	Median
Name	Avnet	Arrow El.	TD Synnex	WESCO In.	Insight .	W.W. Gra.
Mkt Cap	4.1	5.8	12.5	12.4	2.5	49.3	9.1
P/S	0.2	0.2	0.2	0.5	0.3	2.8	0.3
P/EBIT	8.3	7.0	9.3	10.3	9.0	19.6	9.2
P/E	17.5	12.2	16.1	19.2	17.8	28.5	17.7
P/CFO	8.6	30.5	19.7	37.6	7.0	24.1	21.9
Total Yield	8.5%	8.2%	6.5%	5.9%	5.6%	4.0%	6.2%
Dividend Yield	2.8%	0.0%	0.3%	0.7%	0.0%	0.5%	0.4%
FCF Yield 3Y Avg	4.5%	7.3%	8.4%	7.4%	10.7%	3.5%	7.4%
D/E	0.8	0.5	0.3	0.5	0.6	0.1	0.5
Net D/E	0.7	0.5	0.3	0.5	0.4	0.0	0.5

Returns

	AVT	ARW	SNX	WCC	NSIT	GWW	Median
Name	Avnet	Arrow El.	TD Synnex	WESCO In.	Insight .	W.W. Gra.
1M Rtn	5.1%	5.3%	0.7%	-1.9%	-4.9%	9.4%	2.9%
3M Rtn	-3.9%	-5.3%	-3.9%	22.4%	-27.5%	8.6%	-3.9%
6M Rtn	-5.3%	-12.3%	12.4%	37.4%	-40.3%	2.0%	-1.6%
12M Rtn	-5.5%	-2.6%	30.1%	42.5%	-47.4%	-4.7%	-3.6%
3Y Rtn	27.5%	8.3%	67.7%	112.7%	-17.6%	87.4%	47.6%
1M Excs Rtn	3.6%	2.9%	-1.2%	-3.2%	-6.7%	7.5%	0.8%
3M Excs Rtn	-8.8%	-10.3%	-8.8%	17.4%	-32.5%	3.6%	-8.8%
6M Excs Rtn	-18.2%	-25.2%	-0.5%	24.5%	-53.2%	-10.9%	-14.5%
12M Excs Rtn	-21.6%	-18.8%	15.8%	27.4%	-64.5%	-21.7%	-20.2%
3Y Excs Rtn	-53.4%	-71.2%	-10.4%	33.6%	-97.2%	7.1%	-31.9%

Comparison Analyses

	Title
0	How Does Avnet Stock Stack Up Against Its Peers?
1	IPGP Looks Stronger Than AVT With 8.9% Return Potential
2	ARW Looks Stronger Than AVT With 9.0% Return Potential
3	Avnet vs. Expedia: With Return Forecast Of 16%, Avnet Is A Better Bet
4	Avnet vs Alliance Data Systems: Similar Market Cap; Which Stock Is A Better Bet?
5	Avnet vs ConMed: Similar Market Cap; Which Stock Is A Better Bet?
6	Avnet vs Veeva Systems: Similar Income; Which Stock Is A Better Bet?
7	Avnet vs DexCom: Similar Income; Which Stock Is A Better Bet?
8	Avnet vs Ryder System: Similar Market Cap; Which Stock Is A Better Bet?
9	Avnet vs Boston Scientific: Similar Income; Which Stock Is A Better Bet?

FDIC Bank Data

$ Mil \| FY: 6/28	LTM	2025	2024	2023	2022	2021	2020
Period End	9/27/2025	6/28/2025	6/29/2024	7/1/2023	7/2/2022	7/3/2021	6/27/2020
Filing Date	10/31/2025	8/15/2025	8/14/2024	8/18/2023	8/12/2022	8/13/2021	8/14/2020
Key Financials
Total Revenue	22,495	22,201	23,757	26,537	24,311	19,535	17,634
EBITDA	617	622	1,056	1,377	1,089	451	236
Operating Income	604	623	897	1,215	971	366	221
Net Income	233	240	499	771	692	193	-31
EPS	2.71	2.78	5.51	8.37	7.02	1.95	-0.31
Growth Rates
Total Revenue Growth	-2.3%	-6.6%	-10.5%	9.2%	24.4%	10.8%	-9.7%
EBITDA Growth	-27.3%	-41.1%	-23.3%	26.4%	141.4%	91.1%	-57.3%
Operating Income Growth	-24.9%	-30.6%	-26.2%	25.2%	165.3%	65.3%	-63.8%
Net Income Growth	-33.1%	-51.8%	-35.3%	11.3%	258.5%	721.3%	-117.6%
Margins
EBITDA Margin	2.7%	2.8%	4.4%	5.2%	4.5%	2.3%	1.3%
Operating Income Margin	2.7%	2.8%	3.8%	4.6%	4.0%	1.9%	1.3%
Net Income Margin	1.0%	1.1%	2.1%	2.9%	2.8%	1.0%	-0.2%
Cash & Debt
Total Cash	175	192	311	288	154	200	477
Total Debt	3,199	2,878	3,127	3,301	1,866	1,513	1,732
Net Debt / (Cash)	3,024	2,685	2,816	3,013	1,712	1,313	1,255
Cash Flows
Net Cash from Operations	474	725	690	-714	-219	91	730
Free Cash from Operations	333	577	464	-908	-268	41	657
Returns to Shareholders
Dividends	113	113	112	106	98	84	84
Share Repurchases	342	303	163	222	184	-0	238

$ Mil \| FY: 6/28	2026Q1	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2
Period End	9/27/2025	6/28/2025	3/29/2025	12/28/2024	9/28/2024	6/29/2024	3/30/2024	12/30/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022
Filing Date	10/31/2025	8/15/2025	5/2/2025	1/31/2025	11/1/2024	8/14/2024	5/3/2024	2/2/2024	11/3/2023	8/18/2023	5/5/2023	2/3/2023
Key Financials Quarterly
Total Revenue	5,899	5,618	5,315	5,663	5,604	5,563	5,654	6,205	6,336	6,555	6,515	6,718
Ebitda	167	98	168	183	173	202	211	262	381	303	350	397
Operating Income	150	143	152	159	169	193	202	241	261	312	314	299
Net Income	52	6	88	87	59	83	89	118	209	155	187	244
EPS	0.62	0.07	1.02	1.00	0.67	0.92	0.98	1.31	2.29	1.70	2.05	2.67
Key Financials TTM
Total Revenue TTM	22,495	22,201	22,146	22,484	23,026	23,757	24,749	25,610	26,122	26,537	26,355	26,328
Ebitda TTM	617	622	726	769	848	1,056	1,157	1,297	1,431	1,377	1,389	1,351
Operating Income TTM	604	623	673	722	805	897	1,016	1,128	1,185	1,215	1,188	1,175
Net Income TTM	233	240	317	318	348	499	571	670	796	771	862	858
Growth Rates Quarterly
Total Revenue Growth	5.3%	1.0%	-6.0%	-8.7%	-11.5%	-15.1%	-13.2%	-7.6%	-6.1%	2.9%	0.4%	14.5%
EBITDA Growth	-3.3%	-51.5%	-20.2%	-30.1%	-54.6%	-33.5%	-39.8%	-34.0%	16.7%	-3.9%	12.3%	56.9%
Operating Income Growth	-10.8%	-26.0%	-24.6%	-34.1%	-35.4%	-38.2%	-35.6%	-19.2%	-10.2%	9.5%	4.3%	41.2%
Net Income Growth	-12.2%	-92.6%	-1.0%	-26.0%	-71.8%	-46.8%	-52.6%	-51.6%	13.6%	-37.1%	2.2%	61.7%
Margins Quarterly
EBITDA Margin	2.8%	1.7%	3.2%	3.2%	3.1%	3.6%	3.7%	4.2%	6.0%	4.6%	5.4%	5.9%
Operating Income Margin	2.5%	2.5%	2.9%	2.8%	3.0%	3.5%	3.6%	3.9%	4.1%	4.8%	4.8%	4.5%
Net Income Margin	0.9%	0.1%	1.7%	1.5%	1.1%	1.5%	1.6%	1.9%	3.3%	2.4%	2.9%	3.6%
Cash & Debt
Total Cash	175	192	189	172	268	311	218	273	279	288	186	325
Total Debt	3,199	2,878	2,832	2,789	3,186	3,127	3,193	3,697	3,411	3,301	3,354	3,441
Net Debt / (Cash)	3,024	2,685	2,643	2,617	2,918	2,816	2,975	3,424	3,132	3,013	3,168	3,116
Cash Flows Quarterly
FCF from Operations	-145	139	141	338	106	274	499	-42	-41	235	18	-321
Cash Flows TTM
FCF from Operations TTM	474	725	859	1,218	838	690	650	169	-110	-714	-1,148	-923
Returns to Shareholders Quarterly
Dividends	28	28	28	29	29	28	28	28	28	27	27	26
Share Repurchases	138	50	101	52	100	77	-0	62	24	0	-0	69
Return on Invested Capital (ROIC) Quarterly
ROIC	8.9%	11.0%	15.1%	15.7%	12.0%	15.2%	16.2%	15.2%	17.9%	23.2%	21.2%	21.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	12.2%	14.0%	15.4%	15.9%	14.7%	17.1%	18.5%	18.0%	21.1%	21.7%	21.6%	21.6%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Electronic Components	22,160	24,803	22,503	18,030	16,340
Farnell	1,597	1,734	1,807	1,504	1,294
Total	23,757	26,537	24,311	19,535	17,634

Operating Income by Segment

$ Mil	2025	2024	2023	2022	2021
Electronic Components	948	1,180	872	455	349
Farnell	65	166	242	87	76
Amortization of acquired intangible assets and other	-3	-6	-15	-41	-82
Restructuring, integration and other expenses	-53	-28	-5	-84	-82
Corporate expenses	-112
Corporate		-124	-129	-135	-122
Russian-Ukraine conflict related expenses			-26
Goodwill and intangible asset impairment expenses					-144
Total	844	1,187	939	281	-5

Assets by Segment

$ Mil	2025	2024	2023	2022	2021
Electronic Components	10,163	10,375	8,863	6,950	6,097
Farnell	1,708	1,659	1,371	1,468	1,472
Corporate	338	443	154	507	536
Total	12,209	12,477	10,388	8,925	8,105

Price Behavior

Price Behavior

Market Price	$49.22
Market Cap ($ Bil)	4.1
First Trading Date	05/03/1973
Distance from 52W High	-11.4%
	50 Days	200 Days
DMA Price	$48.51	$50.09
DMA Trend	indeterminate	down
Distance from DMA	1.5%	-1.7%
	3M	1YR
Volatility	23.1%	30.9%
Downside Capture	144.65	111.41
Upside Capture	93.93	89.62
Correlation (SPY)	57.7%	68.7%

AVT Betas & Captures as of 11/30/2025

	1M	2M	3M	6M	1Y	3Y
Beta	1.05	1.03	1.20	1.29	1.06	1.06
Up Beta	0.59	1.20	1.22	1.62	1.28	1.23
Down Beta	0.55	0.72	0.72	1.26	0.87	0.91
Up Capture	106%	59%	77%	86%	76%	84%
Bmk +ve Days	12	25	38	73	141	426
Stock +ve Days	10	17	27	56	115	365
Down Capture	132%	143%	180%	144%	106%	103%
Bmk -ve Days	7	16	24	52	107	323
Stock -ve Days	9	24	35	68	132	378

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Based On 1-Year Data

		Comparison of AVT With Other Asset Classes (Last 1Y)
	AVT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	-4.4%	26.7%	19.2%	71.9%	8.9%	6.0%	-10.1%
Annualized Volatility	30.7%	27.6%	19.5%	19.3%	15.3%	17.1%	35.0%
Sharpe Ratio	-0.13	0.84	0.78	2.69	0.36	0.18	-0.12
Correlation With Other Assets		64.5%	68.6%	8.2%	33.0%	54.7%	34.9%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of AVT With Other Asset Classes (Last 5Y)
	AVT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	11.0%	19.0%	14.9%	18.7%	11.7%	4.8%	32.7%
Annualized Volatility	27.8%	24.7%	17.1%	15.5%	18.7%	18.9%	48.7%
Sharpe Ratio	0.39	0.69	0.70	0.97	0.51	0.17	0.60
Correlation With Other Assets		57.4%	63.0%	9.7%	19.9%	46.6%	25.9%

Based On 10-Year Data

		Comparison of AVT With Other Asset Classes (Last 10Y)
	AVT	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	3.3%	22.3%	14.7%	14.9%	6.9%	5.2%	69.3%
Annualized Volatility	30.3%	24.2%	18.0%	14.8%	17.6%	20.8%	55.8%
Sharpe Ratio	0.17	0.84	0.70	0.83	0.31	0.22	0.90
Correlation With Other Assets		59.9%	67.0%	2.8%	26.7%	52.0%	18.4%

Short Interest

Short Interest: As Of Date	12152025
Short Interest: Shares Quantity	8,311,345
Short Interest: % Change Since 11302025	3.1%
Average Daily Volume	865,692
Days-to-Cover Short Interest	9.60
Basic Shares Quantity	82,996,000
Short % of Basic Shares	10.0%

Returns Analyses

	Title
0	Is Avnet Stock Built to Withstand a Pullback?
1	Avnet Stock Return Comparison
2	[10/7/2021] Avnet (AVT) Stock Price Forecast: AI Forecasts AVT Stock Price To Be Around $37.10 In A Month (Up 1.9%)
3	Avnet Total Shareholder Return (TSR): 3.7% in 2023 and 24.6% 3-yr returns (above peer average)
4	Avnet (AVT) Stock Return: AI Predicts AVT Average and Excess Return After a Fall or Rise

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/29/2025	-3.8%	-6.4%	-5.9%
8/6/2025	-4.7%	2.8%	3.2%
4/30/2025	-8.3%	-4.1%	-1.1%
1/29/2025	1.5%	-4.7%	-3.6%
10/30/2024	5.9%	0.2%	-0.4%
8/8/2024	6.9%	6.7%	1.6%
5/1/2024	-1.6%	4.5%	11.7%
1/31/2024	-5.4%	-7.2%	-2.7%
...
SUMMARY STATS
# Positive	13	11	13
# Negative	11	13	11
Median Positive	2.1%	4.5%	7.0%
Median Negative	-3.8%	-3.5%	-2.7%
Max Positive	12.0%	19.6%	23.1%
Max Negative	-8.3%	-8.0%	-17.5%

	Forward Returns
10/29/2025	-3.8%	-6.4%	-5.9%
8/6/2025	-4.7%	2.8%	3.2%
4/30/2025	-8.3%	-4.1%	-1.1%
1/29/2025	1.5%	-4.7%	-3.6%
10/30/2024	5.9%	0.2%	-0.4%
8/8/2024	6.9%	6.7%	1.6%
5/1/2024	-1.6%	4.5%	11.7%
1/31/2024	-5.4%	-7.2%	-2.7%
11/1/2023	-1.7%	-1.3%	2.8%
8/16/2023	8.1%	10.4%	7.0%
5/3/2023	4.1%	3.0%	9.4%
2/1/2023	0.1%	-1.8%	-2.2%
10/26/2022	-2.5%	-1.2%	11.5%
8/10/2022	-6.3%	-4.4%	-8.0%
4/27/2022	12.0%	19.6%	21.6%
1/26/2022	1.9%	5.9%	7.6%
10/28/2021	2.1%	4.8%	-0.3%
7/20/2021	2.5%	2.4%	1.5%
4/28/2021	1.2%	-1.4%	1.9%
1/27/2021	-4.7%	-3.5%	1.0%
10/28/2020	-1.0%	3.4%	23.1%
8/6/2020	1.0%	-2.4%	-2.6%
4/27/2020	-1.3%	-2.2%	-3.0%
1/23/2020	1.9%	-8.0%	-17.5%
SUMMARY STATS
# Positive	13	11	13
# Negative	11	13	11
Median Positive	2.1%	4.5%	7.0%
Median Negative	-3.8%	-3.5%	-2.7%
Max Positive	12.0%	19.6%	23.1%
Max Negative	-8.3%	-8.0%	-17.5%

SEC Filings

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Report Date	Filing Date	Filing
9302025	10312025	10-Q 9/27/2025
6302025	8152025	10-K 6/28/2025
3312025	5022025	10-Q 3/29/2025
12312024	1312025	10-Q 12/28/2024
9302024	11012024	10-Q 9/28/2024
6302024	8142024	10-K 6/29/2024
3312024	5032024	10-Q 3/30/2024
12312023	2022024	10-Q 12/30/2023
9302023	11032023	10-Q 9/30/2023
6302023	8182023	10-K 7/1/2023
3312023	5052023	10-Q 4/1/2023
12312022	2032023	10-Q 12/31/2022
9302022	10282022	10-Q 10/1/2022
6302022	8122022	10-K 7/2/2022
3312022	4292022	10-Q 4/2/2022
12312021	1282022	10-Q 1/1/2022

Insider Activity

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External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Avnet (AVT)

Market Price (12/26/2025): $49.205 | Market Cap: $4.1 BilSector: Information Technology | Industry: Technology Distributors

Avnet (AVT)

Market Price (12/26/2025): $49.205Market Cap: $4.1 BilSector: Information TechnologyIndustry: Technology Distributors

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

Valuation, Metrics & Events

AVT Stock

Why The Stock Moved

Qualitative Assessment

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About Avnet (AVT)

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Better Bets than Avnet (AVT)

INDUSTRY: Technology Distributors

Higher Rev Chg LTM (Value for AVT: -2.3%)

Higher Rev Chg 3Y Avg (Value for AVT: -3.9%)

Higher Op Mgn LTM (Value for AVT: 2.7%)

Higher CFO/Rev LTM (Value for AVT: 2.1%)

Higher FCF/Rev LTM (Value for AVT: 1.5%)

Higher Total Yield (Value for AVT: 8.5%)

SECTOR: Information Technology

Higher Rev Chg 3Y Avg | Lower P/S (Values for AVT: -3.9% | 0.2x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AVT: -3.9% | 6.8x)

Higher Rev Chg LTM (Value for AVT: -2.3%)

Higher Rev Chg 3Y Avg (Value for AVT: -3.9%)

Higher Op Mgn LTM (Value for AVT: 2.7%)

Higher CFO/Rev LTM (Value for AVT: 2.1%)

Higher FCF/Rev LTM (Value for AVT: 1.5%)

Higher Total Yield (Value for AVT: 8.5%)

All Other Sectors

Higher Rev Chg 3Y Avg | Lower P/S (Values for AVT: -3.9% | 0.2x)

Higher Rev Chg 3Y Avg | Lower P/Op Inc (Values for AVT: -3.9% | 6.8x)

Higher Rev Chg LTM (Value for AVT: -2.3%)

Higher Rev Chg 3Y Avg (Value for AVT: -3.9%)

Higher Op Mgn LTM (Value for AVT: 2.7%)

Higher CFO/Rev LTM (Value for AVT: 2.1%)

Higher FCF/Rev LTM (Value for AVT: 1.5%)

Higher Total Yield (Value for AVT: 8.5%)

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Market Price (12/26/2025): $49.205 | Market Cap: $4.1 Bil
Sector: Information Technology | Industry: Technology Distributors

Market Price (12/26/2025): $49.205
Market Cap: $4.1 Bil
Sector: Information Technology
Industry: Technology Distributors