AVNET INC AVT

Industrials SIC 5065 - Wholesale-Electronic Parts & Equipment, NEC NAICS Wholesale Trade › Merchant Wholesalers, Durable Goods › Household Appliances and Electrical and Electronic Goods Merchant Wholesalers › Other Electronic Parts and Equipment Merchant Wholesalers derived Nasdaq

Avnet, Inc. and its consolidated subsidiaries (collectively, the "Company" or "Avnet"), is a leading global electronic component technology distributor and solutions provider that has served customers' evolving needs for more than a century. Founded in 1921, the Company works with electronic component manufacturers (suppliers) in every major electronic component segment to serve customers in more than 140 countries.

Avnet serves a wide range of customers: from startups and mid-sized businesses to enterprise-level original equipment manufacturers ("OEMs"), electronic manufacturing services ("EMS") providers, and original design manufacturers ("ODMs").

Avnet has two primary operating groups — Electronic Components ("EC") and Farnell ("Farnell"). Both operating groups have operations in each of the three major economic regions of the world: (i) the Americas, (ii) Europe, Middle East, and Africa ("EMEA") and (iii) Asia/Pacific ("Asia"). Each operating group has its own management team, who manage various functions within each operating group. Each operating group also has distinct financial reporting to the executive level, which informs operating decisions, strategic planning, and resource allocation for the Company as a whole. Regional divisions ("business units") within each operating group serve primarily as sales and marketing units to streamline sales efforts and enhance each operating group's ability to work with its customers and suppliers, generally along more specific geographies or product lines. However, each business unit relies heavily on support services from the operating groups, as well as centralized support at the corporate level.

Last close 88.08 2026-10-23
Market cap $7.23B 2026-06-27 share count
52-week range 44.25 - 108.63

Valuation FY2026 figures against the last close

P/S0.3x
P/E22.0x
P/FCF—
EV/EBITDA14.2x
Dividend yield1.6%
Diluted EPS4.01

Annual financial statements

Income statement

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $27.63B$22.20B$23.76B$26.54B$24.31B$19.53B$17.63B$19.52B$19.04B$17.44B
Cost of revenue $24.75B$19.82B$20.99B$23.35B$21.35B$17.29B$15.57B$17.03B$16.51B$15.07B
Gross profit $2.88B$2.38B$2.77B$3.18B$2.97B$2.24B$2.06B$2.49B$2.53B$2.37B
SG&A $2.02B$1.76B$1.87B$1.97B$1.99B$1.87B$1.84B$1.87B$1.99B$1.79B
Operating income $724.8M$514.3M$844.4M$1.19B$939.0M$281.4M-$4.6M$365.9M$209.2M$443.7M
Interest expense $250.7M$246.4M$282.9M$250.9M$100.4M$89.5M$122.7M$134.9M$92.7M$99.6M
Pre-tax income $467.4M$250.6M$632.3M$982.9M$833.3M$172.9M-$129.6M$236.6M$145.1M$310.4M
Income tax $133.0M$10.4M$133.6M$212.0M$141.0M$20.2M$98.5M$60.3M$288.0M$47.1M
Net income $334.4M$240.2M$498.7M$770.8M$692.4M$193.1M-$31.1M$176.3M-$156.4M$525.3M
EPS, basic 4.072.785.518.377.021.95-0.311.61-1.304.13
EPS, diluted 4.012.755.438.266.941.93-0.311.59-1.304.08
Shares, diluted (wtd. avg.) 83.4M87.4M91.8M93.4M99.8M100.2M100.5M110.8M119.9M128.7M

Balance sheet

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $155.4M$192.4M$310.9M$288.2M$153.7M$199.7M$477.0M$546.1M$621.1M$836.4M
Receivables $6.88B$4.33B$4.39B$4.76B$4.30B$3.58B$2.93B$3.17B$3.64B$3.34B
Inventory $6.07B$5.24B$5.47B$5.47B$4.24B$3.24B$2.73B$3.01B$3.14B$2.82B
Total current assets $13.33B$10.02B$10.37B$10.75B$8.88B$7.16B$6.33B$6.88B$7.61B$7.53B
Property, plant and equipment $644.6M$667.2M$568.2M$441.6M$315.2M$368.5M$404.6M$452.2M$522.9M$519.6M
Goodwill $810.2M$837.0M$781.0M$780.6M$758.8M$838.1M$773.7M$876.7M$980.9M$1.15B
Other intangibles ———$6.5M$12.7M$28.5M$65.4M$143.5M$219.9M$277.3M
Total assets $15.43B$12.12B$12.21B$12.48B$10.39B$8.93B$8.11B$8.56B$9.60B$9.70B
Accounts payable $6.05B$3.49B$3.35B$3.37B$3.43B$2.40B$1.75B$1.86B$2.27B$1.86B
Short-term debt $734.0M$87.3M$492.7M$70.6M$174.4M$23.1M$51.0K$300.5M$165.4M$50.1M
Total current liabilities $7.50B$4.13B$4.47B$4.25B$4.25B$3.06B$2.28B$2.58B$2.97B$2.45B
Long-term debt $2.48B$2.57B$2.41B$2.99B$1.44B$1.19B$1.42B$1.42B$1.49B$1.73B
Total liabilities $10.40B$7.11B$7.28B$7.73B$6.20B$4.84B$4.38B$4.42B$4.91B$4.52B
Retained earnings $3.51B$3.43B$3.60B$3.38B$2.92B$2.52B$2.42B$2.77B$3.24B$3.80B
Total equity $5.02B$5.01B$4.93B$4.75B$4.19B$4.08B$3.73B$4.14B$4.69B$5.18B

Cash flow

Fiscal year FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow -$280.9M$724.5M$690.0M-$713.7M-$219.3M$90.9M$730.2M$534.8M$253.5M-$368.7M
Stock-based compensation $48.7M$36.4M$33.5M$38.8M$36.7M$29.3M$26.8M$30.1M$24.0M$47.7M
Capital expenditure $73.6M$147.5M$226.5M$194.7M$48.9M$50.4M$73.5M$122.7M$155.9M$120.4M
Investing cash flow -$71.5M-$137.1M-$225.5M-$211.6M$51.3M-$61.2M-$135.0M-$25.2M$71.7M$1.34B
Financing cash flow $315.9M-$693.5M-$433.8M$1.05B$156.1M-$314.0M-$644.5M-$582.7M-$541.9M-$1.19B
Dividends paid $114.4M$113.3M$112.0M$106.3M$98.5M$84.3M$84.0M$87.2M$88.3M$88.7M
Buybacks $138.3M$303.5M$162.7M$221.7M$184.4M—$237.8M$568.7M$323.5M$275.9M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-096346.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -10B 0 10B 20B 30B Revenue, FY2017: 17.4B Gross profit, FY2017: 2.4B Net income, FY2017: 525.3M Revenue, FY2018: 19B Gross profit, FY2018: 2.5B Net income, FY2018: -156.4M Revenue, FY2019: 19.5B Gross profit, FY2019: 2.5B Net income, FY2019: 176.3M Revenue, FY2020: 17.6B Gross profit, FY2020: 2.1B Net income, FY2020: -31.1M Revenue, FY2021: 19.5B Gross profit, FY2021: 2.2B Net income, FY2021: 193.1M Revenue, FY2022: 24.3B Gross profit, FY2022: 3B Net income, FY2022: 692.4M Revenue, FY2023: 26.5B Gross profit, FY2023: 3.2B Net income, FY2023: 770.8M Revenue, FY2024: 23.8B Gross profit, FY2024: 2.8B Net income, FY2024: 498.7M Revenue, FY2025: 22.2B Gross profit, FY2025: 2.4B Net income, FY2025: 240.2M Revenue, FY2026: 27.6B Gross profit, FY2026: 2.9B Net income, FY2026: 334.4M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025 FY2026
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue $17.44B $19.04B $19.52B $17.63B $19.53B $24.31B $26.54B $23.76B $22.20B $27.63B
Gross profit $2.37B $2.53B $2.49B $2.06B $2.24B $2.97B $3.18B $2.77B $2.38B $2.88B
Net income $525.3M -$156.4M $176.3M -$31.1M $193.1M $692.4M $770.8M $498.7M $240.2M $334.4M

Recent filings and events

  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Auditor changed The company changed auditors. Sometimes routine; historically one of the more reliable warnings that something is wrong. Item 4.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 5065

TickerCompanyMarket capP/ERevenue growth
TEL TE Connectivity plc $60.23B 33.8x 8.9%
ARW ARROW ELECTRONICS, INC. $10.68B 19.2x 10.5%
UUU UNIVERSAL SAFETY PRODUCTS, INC. $16.0M — -79.4%
RELL RICHARDSON ELECTRONICS, LTD. — — 16.3%
ITRN Ituran Location & Control Ltd. — — 6.8%