| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 58 | 24.7x | 17.8x | Around median | |
Growth | 75 | 24.5% | 7.1% | Top tier | |
Quality | 25 | 7.2% | 4.5% | Bottom tier | |
Safety | 44 | 4.1x | 2.6x | Around median | |
Capital Return | 39 | 1.40% | 2.12% | Bottom tier | |
Momentum | 97 | 76.0% | 2.9% | Top tier | |
Sentiment | 64 | 3 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Avnet operates at the heart of the technology supply chain, distributing semiconductors, interconnect, passive, and electromechanical components while combining distribution with engineering support, demand creation, digital services, and supply chain management. Its business comprises two main groups, Electronic Components and Farnell; Avnet Integrated Solutions also provides system assembly, rack integration, configuration, testing, and deployment services, while Supply Chain Solutions serves original equipment manufacturers in areas including data center infrastructure, networking, and transportation. The company also benefits from demand for power management, connectivity, embedded computing, sensing, and thermal management components used in automation, robotics, drones, and edge AI applications.
Avnet reported record revenue of $8.3 billion in fiscal year 2026 quarter 4, gross profit of $865.0 million, and net income of $126.6 million; representing a calculated gross margin of approximately 10.4% and a net margin of about 1.5%. Adjusted operating margin was 3.8%, with 4.1% in Electronic Components and 9% in Farnell, while adjusted diluted earnings per share reached a record $2.28. Revenue rose 48% year over year and 17% from the previous quarter, Electronic Components sales grew 49% year over year, and Farnell sales increased 29%, while Asia represented 47% of total sales.
Fiscal year 2026 revenue was approximately $27.6 billion, gross profit was $2.9 billion, net income was $334.4 million, and earnings per share were $4.01. The company ended the year with broad-based momentum: fiscal year 2026 quarter 4 sales rose year over year by 55% in the Americas, 46% in Asia, and 44% in Europe, the Middle East, and Africa, with all regions recording double-digit growth in Electronic Components. IP&E sales also approached $5 billion during fiscal year 2026, providing a higher-margin mix that supports Avnet's integrated solutions offering.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus on AVT is Neutral, with an average price target of $92.33 versus a wide range of $72 to $110; this dispersion indicates meaningful disagreement about the sustainability of the demand and margin cycle. The average target is approximately 7.7% below the 52-week range high of $100, while the annual range extends to $44.25, and no displayed price-to-earnings ratio is available to provide an additional valuation anchor. The re-rating case therefore depends on achieving fiscal year 2027 quarter 1 guidance and sustaining operating leverage, while growth sensitivity to memory prices and working capital remains among the main constraints.
Figures in the text are as of 2026-08-30; the live price is shown at the top of the page.
Revenue reached $8.3 billion, up 48% year over year and 17% sequentially, with broad growth across regions and end markets. Electronic Components sales rose 49% year over year, Farnell sales increased 29%, and 47% of sales came from Asia. Higher memory prices contributed approximately one-third of sales growth, but management also highlighted higher unit volumes and improving demand in industrial, aerospace and defense, networking, transportation, and data centers.
On August 5, 2026, Avnet guided to revenue of between $9.0 billion and $9.3 billion and adjusted diluted earnings per share of between $2.80 and $2.90. The midpoint of the revenue range represents a sequential increase of approximately 10% from fiscal year 2026 quarter 4. The guidance assumes prevailing market conditions, interest expense close to the previous quarter, a tax rate of between 21% and 25%, and 85 million diluted shares.
Avnet sells components used in power management, connectivity, automation, embedded computing, and thermal management, which are technologies required for AI infrastructure and edge applications. On August 5, 2026, management estimated that direct sales to data centers represented approximately 10% to 15% of the company's business, with a larger presence in Asia-Pacific. Avnet Integrated Solutions also supports data center customers through system assembly, rack integration, configuration, testing, and logistics coordination.
The company's adjusted operating margin rose to 3.8%, an increase of more than 70 basis points from the previous quarter and its fourth consecutive quarterly improvement. Electronic Components operating margin reached 4.1%, its highest level in more than 2 years, while Farnell's margin reached 9%, its highest level in more than 3 years. In contrast, the company's gross margin declined 14 basis points year over year to 10.4%, showing that the improvement in profitability came primarily from operating leverage and expense control.
Farnell reported record sales in fiscal year 2026 quarter 4, with year-over-year growth of 29% and sequential growth of 10%. Its operating margin rose to 9% due to improving demand and a higher mix of board-level components, and it remained on track to reach a double-digit margin before the end of fiscal year 2027. Higher-margin IP&E sales approached $5 billion during fiscal year 2026 and serve power, interconnect, passive, and electromechanical component needs in automation, robotics, and data centers.
The company used $291 million of operating cash flow in fiscal year 2026 quarter 4, while working capital increased by $559 million to support sales growth. Inventory rose by $600 million, with more than half of the increase driven by pricing and most of it related to memory, despite inventory days improving to 71 days. Gross leverage declined to 3.2 times from 3.6 times, with approximately $1.2 billion of committed borrowing capacity and quarterly interest expense of $66 million.
