Avnet, Inc. (AVT) Stock

Avnet, Inc. (AVT) is a Consumer Discretionary stock trading at $88.64 (as of 2026-08-21), with a market capitalization of $7.27B and a trailing P/E of 24.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Avnet, Inc. markets, sells, and distributes electronic components through two segments: Electronic Components and Farnell. It supplies semiconductors and other electronic parts, and provides design-chain and supply-chain support for original equipment manufacturers, electronic manufacturing services providers, and component manufacturers.

Understand Avnet, Inc.: how it makes money

Avnet distributes electronic components, including semiconductors and other integrated components, and also provides design chain support for engineers, it earns money by selling and distributing these technology components through its Electronic Components and Farnell businesses.

Avnet operates a wholesale distribution profit model where results depend on moving electronic components efficiently while keeping inventory and working capital under control, the company reports low gross margin (10.4%) and low operating margin (2.9%), so execution on inventory and working capital becomes structurally important to preserve operating profit.

Revenue by segment (latest quarter)
Electronic Components$6.3B
Farnell$0.4B

Business quality (Mixed): Clear, two-segment business (Electronic Components, Farnell) with an operating profile tied to inventory and working capital discipline, key metrics available, and margins that highlight sensitivity to execution.

Valuation: At 35× earnings, AVT trades 46% above the Wholesale average (24×). Note: one-time items can distort reported P/E.

Bull case

  • Scale in the core distribution segment: Electronic Components is the primary revenue driver (6.3B).
  • E-commerce engagement in Farnell: Farnell reports e-commerce as a large share of sales (56%) and orders (72%).

Bear case

  • Low margins typical of distribution: Gross margin is 10.4% and operating margin is 2.9%, leaving less room for cost increases or demand softness.
  • Inventory and working capital can tie up cash: Inventory days are 77.0 and net working capital days are 76.0, which can pressure returns if inventory levels do not stay efficient.
Valuation — source: SEC EDGAR (first-party)
Price$88.64
Market Cap$7.27B
P/E Ratio24.6
EV / EBITDA13.9
Price / Book1.45
Price / Sales0.30
FCF Yield4.2%
DCF Value (model)$26.75
DCF Upside vs Price-69.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$27.63B
Net Margin1.2%
Revenue Growth (YoY)24.5%
EPS Growth (YoY)46.4%
FCF Growth (YoY)-161.4%
Financial Health — source: SEC EDGAR
Altman Z-Score3.14 (safe)
Piotroski F-Score4/9 (moderate)
Valuation vs Sector & Industry
Stock P/E24.6
Sector P/E (Consumer Discretionary)20.7
Industry P/E (Wholesale)24.0
vs Sector18.9%
vs Industry2.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($571.70M)
Institutional Holders Tracked10
Company
SectorConsumer Discretionary
IndustryWholesale
CEOPhilip R. Gallagher
Employees15,462
CountryUS
IPO Date1973-05-03

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AVT earnings history · AVT institutional & insider holders · AVT KPIs & operating metrics · AVT financials · AVT investor presentations & press releases · AVT SEC filings · AVT peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.