Avnet (AVT)
Market Price (9/24/2026): $101.8 | Market Cap: $8.4 BilSector: Information Technology | Industry: Technology Distributors
Avnet (AVT)
Market Price (9/24/2026): $101.8Market Cap: $8.4 BilSector: Information TechnologyIndustry: Technology Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4% Low stock price volatilityVol 12M is 37% Megatrend and thematic driversMegatrends include Artificial Intelligence, and Automation & Robotics. Themes include Edge AI, Data Centers & Infrastructure, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.0%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3% Key risksAVT key risks include [1] significant margin compression and inventory management challenges, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.4% |
| Low stock price volatilityVol 12M is 37% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, and Automation & Robotics. Themes include Edge AI, Data Centers & Infrastructure, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -1.0%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -1.3% |
| Key risksAVT key risks include [1] significant margin compression and inventory management challenges, Show more. |
Qualitative Assessment
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Avnet (AVT) stock has gained about 15% since 5/31/2026 because of the following key factors:
1. Avnet reported strong financial results for its fiscal fourth quarter 2026, which ended on June 27, 2026, significantly exceeding market expectations. The company announced on August 5, 2026, an adjusted diluted earnings per share (EPS) of $2.28, surpassing analysts' consensus estimates of $1.80 by $0.48, representing a 26.67% beat. Furthermore, quarterly revenue reached a record $8.30 billion, marking a 47.7% year-over-year increase and exceeding analyst estimates of $7.56 billion.
2. The company provided an optimistic outlook for its fiscal first quarter 2027, projecting continued growth. Avnet forecast sales for fiscal Q1 2027 to be between $9 billion and $9.3 billion, with adjusted EPS expected to be in the range of $2.80 to $2.90. This positive guidance was underpinned by a tightening supply environment, extended lead times across most component categories, and broadening demand beyond just AI and data center-related deployments.
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Avnet (AVT) stock has gained about 15% since 5/31/2026 because of the following key factors:
1. Avnet reported strong financial results for its fiscal fourth quarter 2026, which ended on June 27, 2026, significantly exceeding market expectations. The company announced on August 5, 2026, an adjusted diluted earnings per share (EPS) of $2.28, surpassing analysts' consensus estimates of $1.80 by $0.48, representing a 26.67% beat. Furthermore, quarterly revenue reached a record $8.30 billion, marking a 47.7% year-over-year increase and exceeding analyst estimates of $7.56 billion.
2. The company provided an optimistic outlook for its fiscal first quarter 2027, projecting continued growth. Avnet forecast sales for fiscal Q1 2027 to be between $9 billion and $9.3 billion, with adjusted EPS expected to be in the range of $2.80 to $2.90. This positive guidance was underpinned by a tightening supply environment, extended lead times across most component categories, and broadening demand beyond just AI and data center-related deployments.
3. Positive shifts in analyst sentiment and ratings contributed to the stock's upward momentum. Around May 13, 2026, Bank of America upgraded Avnet's rating to "Neutral" from "Underperform" and raised its price target to $96 from $66. This upgrade was attributed to constructive cycle indicators, an extending backlog, a book-to-bill ratio above 1 across all regions, and lead time extensions in over 50% of tracked categories. Over the previous 90 days, Avnet received 3 analyst upgrades.
4. Favorable macroeconomic and industry-specific trends within the semiconductor sector provided a significant tailwind. The global semiconductor market is experiencing substantial growth, with worldwide revenue projected to reach $1.6 trillion in 2026, a 92% increase from 2025's $809 billion. This expansion is largely driven by sustained investment in AI infrastructure and a robust memory pricing cycle. Global semiconductor revenues are expected to grow over 25% in 2026, with logic and memory segments leading at more than 30% year-on-year growth, driven by AI adoption and infrastructure investment.
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Stock Movement Drivers
Fundamental Drivers
The 17.3% change in AVT stock from 5/31/2026 to 9/23/2026 was primarily driven by a 41.2% change in the company's Net Income Margin (%).| (LTM values as of) | 5312026 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 86.26 | 101.15 | 17.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 24,955 | 27,633 | 10.7% |
| Net Income Margin (%) | 0.9% | 1.2% | 41.2% |
| P/E Multiple | 33.1 | 24.9 | -24.8% |
| Shares Outstanding (Mil) | 82 | 82 | -0.2% |
| Cumulative Contribution | 17.3% |
Market Drivers
5/31/2026 to 9/23/2026| Return | Correlation | |
|---|---|---|
| AVT | 17.3% | |
| Market (SPY) | 1.8% | 40.8% |
| Sector (XLK) | 2.4% | 62.0% |
Fundamental Drivers
The 55.7% change in AVT stock from 2/28/2026 to 9/23/2026 was primarily driven by a 35.0% change in the company's Net Income Margin (%).| (LTM values as of) | 2282026 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 64.97 | 101.15 | 55.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 23,151 | 27,633 | 19.4% |
| Net Income Margin (%) | 0.9% | 1.2% | 35.0% |
| P/E Multiple | 25.5 | 24.9 | -2.5% |
| Shares Outstanding (Mil) | 81 | 82 | -0.9% |
| Cumulative Contribution | 55.7% |
Market Drivers
2/28/2026 to 9/23/2026| Return | Correlation | |
|---|---|---|
| AVT | 55.7% | |
| Market (SPY) | 12.5% | 49.2% |
| Sector (XLK) | 41.1% | 59.8% |
Fundamental Drivers
The 90.5% change in AVT stock from 8/31/2025 to 9/23/2026 was primarily driven by a 33.7% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 53.11 | 101.15 | 90.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 22,201 | 27,633 | 24.5% |
| Net Income Margin (%) | 1.1% | 1.2% | 11.8% |
| P/E Multiple | 18.6 | 24.9 | 33.7% |
| Shares Outstanding (Mil) | 84 | 82 | 2.4% |
| Cumulative Contribution | 90.5% |
Market Drivers
8/31/2025 to 9/23/2026| Return | Correlation | |
|---|---|---|
| AVT | 90.5% | |
| Market (SPY) | 20.3% | 46.0% |
| Sector (XLK) | 49.6% | 52.0% |
Fundamental Drivers
The 115.6% change in AVT stock from 8/31/2023 to 9/23/2026 was primarily driven by a 346.3% change in the company's P/E Multiple.| (LTM values as of) | 8312023 | 9232026 | Change |
|---|---|---|---|
| Stock Price ($) | 46.92 | 101.15 | 115.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 26,537 | 27,633 | 4.1% |
| Net Income Margin (%) | 2.9% | 1.2% | -58.3% |
| P/E Multiple | 5.6 | 24.9 | 346.3% |
| Shares Outstanding (Mil) | 91 | 82 | 11.3% |
| Cumulative Contribution | 115.6% |
Market Drivers
8/31/2023 to 9/23/2026| Return | Correlation | |
|---|---|---|
| AVT | 115.6% | |
| Market (SPY) | 77.0% | 56.6% |
| Sector (XLK) | 126.9% | 56.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| AVT Return | 20% | 3% | 24% | 6% | -6% | 107% | 222% |
| Peers Return | 43% | -8% | 40% | 4% | 3% | 72% | 240% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 107% |
Monthly Win Rates [3] | |||||||
| AVT Win Rate | 67% | 50% | 58% | 50% | 33% | 89% | |
| Peers Win Rate | 73% | 40% | 62% | 55% | 48% | 64% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| AVT Max Drawdown | -18% | -27% | -13% | -13% | -24% | -13% | |
| Peers Max Drawdown | -16% | -27% | -22% | -23% | -33% | -20% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[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] 2026 data is for the year up to 9/23/2026 (YTD)
How Low Can It Go
| Event | AVT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.4% | -18.8% |
| % Gain to Breakeven | 25.7% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -12.2% | -6.7% |
| % Gain to Breakeven | 13.9% | 7.1% |
| Time to Breakeven | 43 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -12.0% | -24.5% |
| % Gain to Breakeven | 13.6% | 32.4% |
| Time to Breakeven | 29 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.3% | -33.7% |
| % Gain to Breakeven | 79.7% | 50.9% |
| Time to Breakeven | 280 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.5% | -19.2% |
| % Gain to Breakeven | 27.4% | 23.8% |
| Time to Breakeven | 51 days | 105 days |
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -11.1% | -3.7% |
| % Gain to Breakeven | 12.4% | 3.9% |
| Time to Breakeven | 137 days | 6 days |
In The Past
Avnet's stock fell -20.4% during the 2025 US Tariff Shock. Such a loss loss requires a 25.7% gain to breakeven.
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Asset Allocation
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| Event | AVT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -20.4% | -18.8% |
| % Gain to Breakeven | 25.7% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2020 COVID-19 Crash | ||
| % Loss | -44.3% | -33.7% |
| % Gain to Breakeven | 79.7% | 50.9% |
| Time to Breakeven | 280 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -21.5% | -19.2% |
| % Gain to Breakeven | 27.4% | 23.8% |
| Time to Breakeven | 51 days | 105 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -26.9% | -15.4% |
| % Gain to Breakeven | 36.8% | 18.2% |
| Time to Breakeven | 150 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -66.6% | -53.4% |
| % Gain to Breakeven | 199.1% | 114.4% |
| Time to Breakeven | 789 days | 1085 days |
In The Past
Avnet's stock fell -20.4% during the 2025 US Tariff Shock. Such a loss loss requires a 25.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Avnet (AVT)
Avnet (AVT) is a global technology solutions company specializing in the marketing, selling, and distribution of a wide array of electronic components. It serves as a vital intermediary, connecting electronic component manufacturers with customers who require these essential parts for their products and systems. The company's primary offerings include semiconductors, interconnect, passive, and electromechanical devices, as well as other integrated components crucial for various electronic systems. Through its Electronic Components segment, Avnet also provides integrated solutions encompassing technical design, integration, and assembly of embedded products and systems, particularly for industrial applications.
Beyond component distribution, Avnet offers significant value-added services, including comprehensive design chain support that assists engineers with technical solutions and product development. It also delivers robust supply chain solutions, encompassing logistical services and support for original equipment manufacturers (OEMs) and electronic manufacturing service providers. Avnet's customer base spans critical and diverse markets such as automotive, medical, defense, aerospace, telecommunications, and industrial applications. Additionally, its Farnell segment distributes electronic and industrial automation components, kits, tools, and test and measurement products, catering to engineers and entrepreneurs globally.
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- McMaster-Carr for electronic components.
- The Amazon for businesses that build electronics.
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- Electronic Component Distribution: Marketing, selling, and distributing a wide range of electronic components, including semiconductors, interconnect, passive, and electromechanical devices.
- Design Chain Support Services: Providing engineering and technical resources, design solutions, bill of materials development, and technical education to assist customers with product design.
- Supply Chain Solutions Services: Offering logistical support and services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers.
- Integrated Embedded Solutions: Delivering technical design, integration, and assembly of embedded products, systems, and display solutions primarily for industrial applications.
- Manufactured Subsystems and Devices: Developing and producing standard board products, industrial subsystems, and application-specific devices tailored to customer requirements.
- Industrial and Test Product Distribution: Distributing kits, tools, electronic and industrial automation components, and test and measurement products through its Farnell segment.
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Avnet (AVT) primarily sells its technology solutions and electronic components to other companies and professional customers, rather than directly to individual consumers.
While the provided background information does not list specific customer company names, it identifies the following categories of major customers and industries served by Avnet:
- Original Equipment Manufacturers (OEMs)
- Electronic Manufacturing Service (EMS) Providers
- Electronic Component Manufacturers
- Companies operating in various markets, including:
- Automotive
- Medical
- Defense
- Aerospace
- Telecommunications
- Industrial
- Digital Editing
- Engineers and Entrepreneurs (served by the Farnell segment for kits, tools, and components)
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- Analog Devices (ADI)
- Infineon Technologies (IFNNY)
- Microchip Technology (MCHP)
- NXP Semiconductors (NXPI)
- ON Semiconductor (ON)
- STMicroelectronics (STM)
- Texas Instruments (TXN)
- TE Connectivity (TEL)
- Vishay Intertechnology (VSH)
- Broadcom (AVGO)
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Phil Gallagher, Chief Executive Officer
Phil Gallagher is the chief executive officer of Avnet and a member of its board of directors. A veteran of Avnet for over 40 years, he was named CEO in November 2020. Prior to this role, he served as global president of Electronic Components, overseeing the company's worldwide broadline components distribution business. His extensive career at Avnet, which began in 1982, includes key executive leadership positions in sales, marketing, and operations, such as president of Avnet Electronic Marketing Americas (2004-2009) and global president of Avnet Technology Solutions (2009-2014). Gallagher is a past president of the National Electronics Distributors Association (NEDA), now known as the Electronics Components Industry Association (ECIA), and serves on multiple boards, including the Arizona Commerce Authority Board of Directors and the Greater Phoenix Leadership Board of Directors. He also recently joined the Board of Directors of Dycom Industries. He holds a bachelor's degree from Drexel University.
Ken Jacobson, Chief Financial Officer
Ken Jacobson serves as the chief financial officer (CFO) for Avnet, leading the global finance and global supply chain services organizations. He joined Avnet in 2013 and was officially appointed CFO in September 2022, having previously served as interim CFO in 2017-2018. Before his tenure at Avnet, Jacobson accumulated 12 years of experience in public accounting and industry, working with various public, private, and international companies. His prior roles include serving as the director of external reporting and accounting research at First Solar Inc. He began his career as a Senior Manager in Audit at PwC. Jacobson holds a bachelor's degree in accounting from the University of Washington and is an inactive CPA.
Ken Arnold, Chief People Officer
Ken Arnold is Avnet's senior vice president and global chief people officer. Reporting to CEO Phil Gallagher, he is responsible for leading the company's HR strategy and global human resources team, focusing on attracting, developing, engaging, and rewarding employees. Arnold 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 is the chief information officer (CIO) at Avnet, where he leads all aspects of information technology (IT), including cybersecurity, digital strategy, and transformations. His role involves positioning Avnet as a digital-first organization and overseeing the resources and capabilities of the global IT team to ensure a robust and optimized IT environment.
Michael McCoy, General Counsel and Chief Legal Officer
Michael McCoy holds the position of general counsel and chief legal officer for Avnet, a role he assumed in April 2020. He leads the company's global legal, compliance, enterprise risk management, and security teams, and is also responsible for Avnet's corporate strategic planning function. McCoy joined Avnet in 2010 and previously served as general counsel, international, overseeing legal teams in EMEA and Asia Pacific, as well as corporate secretary.
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The key risks to Avnet's business include the cyclical downturn in the electronic components market, intense competition leading to margin pressure, and geopolitical risks impacting its global supply chain.
The most significant risk for Avnet is the **cyclical downturn in the electronic components market**, which has led to weak demand and considerable pressure on the company's margins. Avnet's sales have experienced declines, particularly in the Americas and EMEA regions, and its gross profit and operating income margins have been compressed. The electronic components industry has been in a deep inventory correction, and a full recovery is anticipated to take time, directly impacting Avnet's revenue and profitability.
Secondly, Avnet faces **intense competition** within the electronic components distribution industry, which further exacerbates margin pressure. The competitive landscape, intensified by factors like industry consolidation, can lead to pricing pressure and a potential loss of market share. The Farnell segment, for instance, has also been noted for its underperformance, adding to overall profitability challenges.
Finally, **geopolitical risks and supply chain disruptions** pose a significant threat to Avnet's global operations. As a global distributor with a substantial portion of its sales from outside the United States, Avnet is exposed to international trade restrictions, foreign currency fluctuations, and volatility in semiconductor cycles. Uneven regional demand, where growth in Asia has been offset by declines in other regions, highlights the fragility of recovery and the impact of these global factors.
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Avnet, Inc. (symbol: AVT) operates in significant global markets through its two primary segments: Electronic Components and Farnell. The addressable markets for its main products and services are substantial and are projected to grow over the coming years.
Electronic Components Segment
This segment deals with the marketing, selling, and distribution of semiconductors; interconnect, passive, and electromechanical devices; and other integrated components.
- Overall Electronic Components Distribution Market: The global electronic components distribution market was valued at approximately USD 200.7 billion in 2025 and is projected to reach USD 391.2 billion by the end of 2035, growing at a Compound Annual Growth Rate (CAGR) of 7.7% during the forecast period of 2026-2035. More broadly, the global electronic components market size was valued at USD 427.41 billion in 2025 and is expected to exceed around USD 1,014.71 billion by 2035, with a CAGR of 9.03% from 2026 to 2035.
- Semiconductors Market: The global semiconductor market size was valued at USD 598.06 billion in 2025 and is projected to grow to USD 1,477.06 billion by 2034, exhibiting a CAGR of 10.60% from 2026 to 2034. Another estimate placed the semiconductor market value at about $775 billion in 2024, with projections to reach $1.6 trillion by 2030.
- Interconnect, Passive, and Electromechanical Devices (Passive and Interconnecting Electronic Components): The global passive and interconnecting electronic components market size was estimated at USD 170.94 billion in 2023 and is projected to grow at a CAGR of 5.1% from 2024 to 2030. Another report indicates this market was valued at USD 180.2 billion in 2024 and is estimated to grow at a CAGR of 6.9% to reach USD 345.7 billion by 2034.
Farnell Segment
The Farnell segment distributes kits, tools, and electronic and industrial automation components, as well as test and measurement products.
- Industrial Automation Components Market: The global automation components market size was valued at USD 161.04 billion in 2025 and is expected to reach USD 399.09 billion by 2035, registering a CAGR of approximately 9.5% from 2026 to 2035. A broader category, the industrial machinery components & sensors market, was estimated at USD 420.2 billion in 2025 and is expected to grow to USD 1.05 trillion in 2035, at a CAGR of 9.9% from 2026 to 2035.
- Test and Measurement Products Market: The global test and measurement equipment market size was valued at USD 38.91 billion in 2024 and is projected to reach USD 54.49 billion by 2032, with a CAGR of 4.30% during the forecast period of 2025 to 2032. Another source estimated the market at USD 35,316.5 million (approximately USD 35.32 billion) in 2025, projected to reach USD 50,627.9 million (approximately USD 50.63 billion) by 2033, with a CAGR of 4.8% from 2026 to 2033.
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Share Repurchases
- Avnet increased its share repurchase authorization to $600 million on August 15, 2024.
- Since the start of fiscal year 2019, Avnet has repurchased $1.4 billion in shares.
- For fiscal year 2025, Avnet returned $301 million to shareholders from share repurchases, representing 6.7% of outstanding shares.
Share Issuance
- As of December 27, 2025 (Q2 fiscal year 2026), Avnet had 82 million shares outstanding.
Inbound Investments
No significant inbound investments by third-parties in Avnet were reported within the last 3-5 years.
Outbound Investments
No significant outbound investments or acquisitions by Avnet were reported within the last 3-5 years. The company's most recent acquisition mentioned in the provided data was Witekio in September 2019.
Capital Expenditures
- Avnet's capital expenditures were $147.5 million for fiscal year 2025.
- In the second quarter of fiscal year 2026 (ending December 27, 2025), capital expenditures were $15.4 million.
- In the second quarter of fiscal year 2024, cash used for capital expenditures was $82 million, primarily directed towards supporting a new distribution center in EMEA.
Peer Outperformance in Technology Distributors
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Electronic Manufacturing Services | 9 | 62.1% | 192.4% | 276.6% | TTMI 904% · FLEX 703% · SANM 465% |
| Semiconductor Materials & Equipment | 27 | 94.9% | 99.9% | 105.2% | AXTI 749% · AEHR 516% · KLAC 434% |
| Technology Distributors ← | 9 | 35.0% | 78.8% | 99.6% | CLMB 399% · AVT 204% · SNX 176% |
| Communications Equipment | 36 | 8.8% | 80.9% | 70.6% | AAOI 1296% · FEIM 1001% · LITE 982% |
| Electronic Components | 26 | 37.0% | 75.5% | 65.3% | CLS 3725% · BELFA 1394% · COHR 389% |
| Semiconductors | 55 | 26.7% | 39.4% | 40.7% | POET 1815% · MU 1384% · NVDA 926% |
| Technology Hardware, Storage & Peripherals | 20 | 24.9% | 95.5% | 36.4% | STX 1135% · DELL 1057% · SMCI 1011% |
| Internet Services & Infrastructure | 6 | 3.8% | 51.7% | 31.2% | DOCN 71% · VRSN 37% · GDDY 36% |
| Electronic Equipment & Instruments | 26 | -15.3% | 12.1% | -11.3% | PI 189% · OSIS 116% · KEYS 98% |
| IT Consulting & Other Services | 30 | -27.9% | -16.5% | -39.3% | CHRN 539637% · APLD 1169% · TSSI 744% |
| Application Software | 125 | -30.5% | -13.8% | -46.7% | VIDA 153233% · INLX 5065% · PLTR 572% |
| Systems Software | 74 | -20.1% | 8.9% | -58.0% | QNC 666% · ZETA 397% · PANW 381% |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 257.36 |
| Mkt Cap | 14.7 |
| Rev LTM | 26,323 |
| Op Inc LTM | 1,348 |
| FCF LTM | 611 |
| FCF 3Y Avg | 694 |
| CFO LTM | 680 |
| CFO 3Y Avg | 792 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 11.4% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 16.4% |
| QoQ Delta Rev Chg LTM | 4.0% |
| Op Inc Chg LTM | 28.6% |
| Op Inc Chg 3Y Avg | 1.4% |
| Op Mgn LTM | 4.4% |
| Op Mgn 3Y Avg | 4.2% |
| QoQ Delta Op Mgn LTM | 0.3% |
| CFO/Rev LTM | 2.4% |
| CFO/Rev 3Y Avg | 2.9% |
| FCF/Rev LTM | 2.1% |
| FCF/Rev 3Y Avg | 2.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 14.7 |
| P/S | 0.5 |
| P/Op Inc | 12.1 |
| P/EBIT | 12.7 |
| P/E | 24.1 |
| P/CFO | 14.5 |
| Total Yield | 4.7% |
| Dividend Yield | 0.6% |
| FCF Yield 3Y Avg | 6.8% |
| D/E | 0.3 |
| Net D/E | 0.2 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 10.6% |
| 3M Rtn | 3.0% |
| 6M Rtn | 59.5% |
| 12M Rtn | 81.3% |
| 3Y Rtn | 109.6% |
| 1M Excs Rtn | 10.0% |
| 3M Excs Rtn | -1.8% |
| 6M Excs Rtn | 44.3% |
| 12M Excs Rtn | 65.1% |
| 3Y Excs Rtn | 34.7% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electronic Components | 20,755 | 22,160 | 24,803 | 22,503 | 18,030 |
| Farnell | 1,446 | 1,597 | 1,734 | 1,807 | 1,504 |
| Total | 22,201 | 23,757 | 26,537 | 24,311 | 19,535 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electronic Components | 708 | 948 | 1,180 | 872 | 455 |
| Farnell | 33 | 65 | 166 | 242 | 87 |
| Amortization of acquired intangible assets and other | -2 | -3 | -6 | -15 | -41 |
| Restructuring, integration and other expenses | -108 | -53 | -28 | -5 | -84 |
| Corporate selling, general and administrative expenses | -117 | -112 | -124 | ||
| Corporate | -129 | -135 | |||
| Russian-Ukraine conflict related expenses | -26 | 0 | |||
| Total | 514 | 844 | 1,187 | 939 | 281 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Electronic Components | 9,985 | 10,163 | 10,375 | 8,863 | 6,950 |
| Farnell | 1,742 | 1,708 | 1,659 | 1,371 | 1,468 |
| Corporate | 391 | 338 | 443 | 154 | 507 |
| Total | 12,119 | 12,209 | 12,477 | 10,388 | 8,925 |
Price Behavior
| Market Price | $101.15 | |
| Market Cap ($ Bil) | 8.3 | |
| First Trading Date | 05/03/1973 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $91.31 | $74.12 |
| DMA Trend | up | up |
| Distance from DMA | 10.8% | 36.5% |
| 3M | 1YR | |
| Volatility | 43.4% | 37.5% |
| Downside Capture | 124.07 | 88.41 |
| Upside Capture | 165.41 | 150.11 |
| Correlation (SPY) | 41.9% | 47.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.41 | 1.72 | 1.45 | 1.55 | 1.38 | 1.16 |
| Up Beta | 1.29 | 2.32 | 1.45 | 1.77 | 1.70 | 1.33 |
| Down Beta | 4.61 | 1.19 | 0.84 | 1.16 | 1.33 | 1.06 |
| Up Capture | 97% | 159% | 184% | 212% | 186% | 137% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 11 | 22 | 34 | 68 | 125 | 371 |
| Down Capture | 143% | 165% | 156% | 132% | 107% | 103% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 10 | 20 | 30 | 59 | 126 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AVT | |
|---|---|---|---|---|
| AVT | 93.8% | 37.4% | 1.83 | - |
| Sector ETF (XLK) | 38.9% | 26.5% | 1.21 | 52.1% |
| Equity (SPY) | 16.2% | 13.0% | 0.88 | 46.2% |
| Gold (GLD) | 13.9% | 29.3% | 0.44 | 22.8% |
| Commodities (DBC) | 46.6% | 20.7% | 1.75 | 0.8% |
| Real Estate (VNQ) | 4.5% | 13.7% | 0.08 | 8.1% |
| Bitcoin (BTCUSD) | -23.2% | 44.8% | -0.46 | 15.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AVT | |
|---|---|---|---|---|
| AVT | 24.6% | 30.4% | 0.75 | - |
| Sector ETF (XLK) | 20.8% | 26.0% | 0.71 | 57.5% |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | 58.8% |
| Gold (GLD) | 18.6% | 18.8% | 0.80 | 12.8% |
| Commodities (DBC) | 10.5% | 19.5% | 0.41 | 14.6% |
| Real Estate (VNQ) | 0.8% | 18.9% | -0.06 | 39.3% |
| Bitcoin (BTCUSD) | 12.5% | 52.6% | 0.41 | 22.5% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with AVT | |
|---|---|---|---|---|
| AVT | 12.4% | 31.6% | 0.44 | - |
| Sector ETF (XLK) | 25.0% | 25.0% | 0.90 | 58.8% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 64.4% |
| Gold (GLD) | 12.1% | 16.4% | 0.60 | 8.0% |
| Commodities (DBC) | 8.5% | 18.1% | 0.38 | 22.9% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 48.1% |
| Bitcoin (BTCUSD) | 64.2% | 66.2% | 1.04 | 17.0% |
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Returns Analyses
Earnings Returns History
Updated 9/8/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | 5.1% | 3.7% | -2.7% |
| 4/29/2026 | 4.2% | 5.3% | 11.3% |
| 1/28/2026 | 13.8% | 19.6% | 25.6% |
| 10/29/2025 | -3.8% | -6.4% | -6.5% |
| 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% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 14 |
| # Negative | 11 | 11 | 10 |
| Median Positive | 4.2% | 4.8% | 8.5% |
| Median Negative | -3.8% | -4.1% | -2.7% |
| Max Positive | 13.8% | 19.6% | 25.6% |
| Max Negative | -8.3% | -7.2% | -8.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/5/2026 | 5.1% | 3.7% | -2.7% |
| 4/29/2026 | 4.2% | 5.3% | 11.3% |
| 1/28/2026 | 13.8% | 19.6% | 25.6% |
| 10/29/2025 | -3.8% | -6.4% | -6.5% |
| 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% |
| 8/11/2021 | -0.9% | -5.5% | -7.5% |
| 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% |
| SUMMARY STATS | |||
| # Positive | 13 | 13 | 14 |
| # Negative | 11 | 11 | 10 |
| Median Positive | 4.2% | 4.8% | 8.5% |
| Median Negative | -3.8% | -4.1% | -2.7% |
| Max Positive | 13.8% | 19.6% | 25.6% |
| Max Negative | -8.3% | -7.2% | -8.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-K |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 01/30/2026 | 10-Q |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-K |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-K |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/18/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-Q |
| 09/30/2022 | 10/28/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/14/2026 | 10-K |
| 03/31/2026 | 05/01/2026 | 10-Q |
| 12/31/2025 | 01/30/2026 | 10-Q |
| 09/30/2025 | 10/31/2025 | 10-Q |
| 06/30/2025 | 08/15/2025 | 10-K |
| 03/31/2025 | 05/02/2025 | 10-Q |
| 12/31/2024 | 01/31/2025 | 10-Q |
| 09/30/2024 | 11/01/2024 | 10-Q |
| 06/30/2024 | 08/14/2024 | 10-K |
| 03/31/2024 | 05/03/2024 | 10-Q |
| 12/31/2023 | 02/02/2024 | 10-Q |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/18/2023 | 10-K |
| 03/31/2023 | 05/05/2023 | 10-Q |
| 12/31/2022 | 02/03/2023 | 10-Q |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 08/12/2022 | 10-K |
| 03/31/2022 | 04/29/2022 | 10-Q |
| 12/31/2021 | 01/28/2022 | 10-Q |
| 09/30/2021 | 10/29/2021 | 10-Q |
| 06/30/2021 | 08/13/2021 | 10-K |
| 03/31/2021 | 04/30/2021 | 10-Q |
| 12/31/2020 | 01/29/2021 | 10-Q |
| 09/30/2020 | 10/30/2020 | 10-Q |
| 06/30/2020 | 08/14/2020 | 10-K |
| 03/31/2020 | 05/01/2020 | 10-Q |
| 12/31/2019 | 01/24/2020 | 10-Q |
| 09/30/2019 | 10/25/2019 | 10-Q |
Recent Forward Guidance
Updated 8/6/2026Latest: Q4 2026 Earnings Reported 8/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2027 Revenue | Reported | 9.00 Bil | 9.15 Bil | 9.30 Bil | 22.8% | Higher New | Guidance: 7.45 Bil for Q4 2026 | |
| Q1 2027 Adjusted Diluted EPS | Reported | 2.8 | 2.85 | 2.9 | 62.9% | Higher New | Guidance: 1.75 for Q4 2026 | |
Prior: Q3 2026 Earnings Reported 4/29/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2026 Revenue | Reported | 7.30 Bil | 7.45 Bil | 7.60 Bil | 17.3% | Higher New | Guidance: 6.35 Bil for Q3 2026 | |
| Q4 2026 Sequential Sales Growth | Reported | 5.0% | ||||||
| Q4 2026 Adjusted Diluted EPS | Reported | 1.7 | 1.75 | 1.8 | 40.0% | Higher New | Guidance: 1.25 for Q3 2026 | |
Q2 2026 Earnings Reported 1/28/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 Revenue | Reported | 6.20 Bil | 6.35 Bil | 6.50 Bil | 5.8% | Higher New | Guidance: 6.00 Bil for Q2 2026 | |
| Q3 2026 Adjusted Diluted EPS | Reported | 1.2 | 1.25 | 1.3 | 31.6% | Higher New | Guidance: 0.95 for Q2 2026 | |
Q1 2026 Earnings Reported 10/29/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | Reported | 5.85 Bil | 6.00 Bil | 6.15 Bil | 5.3% | Higher New | Actual: 5.70 Bil for Q1 2026 | |
| Q2 2026 Sequential Sales Growth | Reported | 2.0% | 0.0% | Same New | Actual: 2.0% for Q1 2026 | |||
| Q2 2026 Adjusted Effective Tax Rate | Reported | 21.0% | 23.0% | 25.0% | ||||
| Q2 2026 Adjusted Diluted EPS | Reported | 0.9 | 0.95 | 1 | 18.8% | Higher New | Actual: 0.8 for Q1 2026 | |
Insider Activity
Updated 9/15/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McCoy, Michael Ryan | SVP, General Counsel | Direct | Sell | 8192026 | 91.10 | 32,052 | 2,919,937 | 6,985,001 | Form |
| 2 | Gallagher, Philip R | Chief Executive Officer | Direct | Sell | 8132026 | 98.46 | 51,900 | 5,110,074 | 16,632,159 | Form |
| 3 | Jacobson, Kenneth A | Chief Financial Officer | K & A Jacobson 2017 Rev Trust | Sell | 5232026 | 85.26 | 12,000 | 1,023,120 | 3,492,932 | Form |
| 4 | Gallagher, Philip R | Chief Executive Officer | Direct | Sell | 5062026 | 82.92 | 23,920 | 1,983,446 | 12,023,649 | Form |
| 5 | Gallagher, Philip R | Chief Executive Officer | Direct | Sell | 2252026 | 67.42 | 46,068 | 3,105,905 | 11,388,789 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | McCoy, Michael Ryan | SVP, General Counsel | Direct | Sell | 8192026 | 91.10 | 32,052 | 2,919,937 | 6,985,001 | Form |
| 2 | Gallagher, Philip R | Chief Executive Officer | Direct | Sell | 8132026 | 98.46 | 51,900 | 5,110,074 | 16,632,159 | Form |
| 3 | Jacobson, Kenneth A | Chief Financial Officer | K & A Jacobson 2017 Rev Trust | Sell | 5232026 | 85.26 | 12,000 | 1,023,120 | 3,492,932 | Form |
| 4 | Gallagher, Philip R | Chief Executive Officer | Direct | Sell | 5062026 | 82.92 | 23,920 | 1,983,446 | 12,023,649 | Form |
| 5 | Gallagher, Philip R | Chief Executive Officer | Direct | Sell | 2252026 | 67.42 | 46,068 | 3,105,905 | 11,388,789 | Form |
| 6 | McCoy, Michael Ryan | SVP, General Counsel | Direct | Sell | 2182026 | 65.48 | 36,292 | 2,376,400 | 5,020,614 | Form |
| 7 | Youngblood, Jay David | SVP, Chief Digital Officer | Direct | Sell | 2132026 | 66.27 | 987 | 65,408 | 439,701 | Form |
| 8 | Chan, Leng Jin | SVP, CIO | Direct | Sell | 2032026 | 61.53 | 9,226 | 567,676 | 2,508,947 | Form |
| 9 | Jacobson, Kenneth A | Chief Financial Officer | K & A Jacobson 2017 Rev Trust | Buy | 11102025 | 46.75 | 2,139 | 99,998 | 1,684,543 | Form |
Investor Activity (13F)
Updated Sep 24, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Information Technology Resources |
| TechCrunch |
| Wired |
| CIO |
| MIT Technology Review |
| Gartner Insights |
| Ars Technica |
| Technology Distributors Resources |
| CRN |
| Channel Futures |
| ChannelE2E |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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