Avnet, Inc.
Description
Avnet, Inc., distributes electronic component technology. The company operates through two segments, Electronic Components and Farnell. The Electronic Components segment markets, sells, and distributes semiconductors; interconnect, passive, and electromechanical components; 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, warehousing, and logistical services to original equipment manufacturers, electronic manufacturing service providers, and electronic component manufacturers. In addition, this segment provides embedded solutions, such as technical design, integration, and assembly of embedded products, systems, and solutions, as well as embedded display solutions comprising touch and passive displays; and 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 Asia. Avnet, Inc. was founded in 1921 and is headquartered in Phoenix, Arizona.
About
CEO
Mr. Philip R. Gallagher
Employees
15,462
Instrument type
Common Stock
Sector
Technology
Industry
Electronics & Computer Distribution
MIC code
XNGS
Address
2211 South 47th Street, Phoenix, AZ 85034, United States
×
![Enlarged Chart]()
Oscillators
Invalid data format
Summary
Invalid data format
Moving Averages
Invalid data format
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Jan 27, 2026 | — | — | — | — |
| Oct 28, 2025 | — | — | — | — |
| Aug 6, 2025 | — | — | — | — |
| Apr 29, 2025 | — | — | — | — |
| Jan 29, 2025 | 0.89 | 0.87 | -0.02 | -2.25% |
Earnings estimate
|
Current Quarter
(Mar 2025)
|
Next Quarter
(Jun 2025)
|
Current Year
(Jun 2025)
|
Next Year
(Jun 2026)
|
|
|---|---|---|---|---|
| Number of analysts | 6 | 6 | 6 | 6 |
| Average estimate | 0.72 | 0.92 | 3.42 | 5.50 |
| Low estimate | 0.70 | 0.86 | 3.37 | 4.99 |
| High estimate | 0.75 | 1.01 | 3.54 | 6.20 |
| Last year EPS | 1.10 | 1.22 | 5.34 | 3.42 |
[stock_revenue_estimate]
Growth estimates
Current qtr (Mar 2025)
-34.550%
Next qtr. (Jun 2025)
-24.860%
Current year (Jun 2025)
-35.960%
Next year (Jun 2026)
60.670%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total reported revenue | 23.76B | 26.54B | 24.31B | 19.53B | 17.63B |
| Cost of revenue | 20.99B | 23.35B | 21.35B | 17.29B | 15.57B |
| Gross profit | 2.77B | 3.18B | 2.97B | 2.24B | 2.06B |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | 1.87B | 1.97B | 1.99B | 1.87B | 1.84B |
| Other operating expenses | — | — | — | — | — |
| Operating income | 896.92M | 1.21B | 970.54M | 365.80M | 221.33M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 282.87M | 250.87M | 100.38M | 89.47M | 122.74M |
| Other income expense | 18.21M | 18.91M | -36.84M | -103.40M | -228.18M |
| Pretax income | 632.26M | 982.88M | 833.33M | 172.93M | -129.59M |
| Tax provision | 133.56M | 212.05M | 140.96M | -20.19M | -98.50M |
| Net income | 498.70M | 770.83M | 692.38M | 193.11M | -31.08M |
| Basic EPS | 5.51 | 8.37 | 7.02 | 1.95 | -0.31 |
| Diluted EPS | 5.43 | 8.26 | 6.94 | 1.93 | -0.31 |
| Basic average shares | 90.57M | 92.04M | 98.66M | 99.26M | 100.47M |
| Diluted average shares | 90.57M | 92.04M | 98.66M | 99.26M | 100.47M |
| EBITDA | 1.02B | 1.37B | 1.12B | 535.49M | 462.01M |
| Net income from continuing op. | 498.70M | 770.83M | 692.38M | 193.11M | -31.08M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Fiscal date | 2024-06-30 | 2023-06-30 | 2022-06-30 | 2021-06-30 | 2020-06-30 |
| Total assets | 12.21B | 12.48B | 10.39B | 8.93B | 8.11B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 310.94M | 288.23M | 153.69M | 199.69M | 477.04M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 4.39B | 4.76B | 4.30B | 3.58B | 2.93B |
| Other receivables | — | — | — | — | — |
| Inventory | 5.47B | 5.47B | 4.24B | 3.24B | 2.73B |
| Prepaid assets | — | — | 177.78M | 150.76M | 191.39M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 199.69M | 233.80M | 177.78M | 150.76M | 191.39M |
| Non current assets | |||||
| Properties | 208.97M | 221.70M | 227.14M | 265.99M | 275.92M |
| Land and improvements | 29.37M | 22.04M | 21.41M | 22.78M | 23.62M |
| Machinery furniture equipment | 1.18B | 1.14B | 1.09B | 1.10B | 1.05B |
| Construction in progress | 227.62M | 138.98M | 5.78M | 4.37M | 26.42M |
| Leases | 138.76M | 137.75M | 119.92M | 123.81M | 117.04M |
| Accumulated depreciation | -1.14B | -1.11B | -1.04B | -999.89M | -938.00M |
| Goodwill | 1.56B | 1.56B | 1.52B | 1.70B | 1.61B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | — | — | 12.65M | 28.54M | 65.44M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 280.47M | 282.42M | 210.73M | 260.92M | 256.70M |
| Total liabilities | 7.28B | 7.73B | 6.20B | 4.84B | 4.38B |
| Current liabilities | |||||
| Accounts payable | 3.35B | 3.37B | 3.43B | 2.40B | 1.75B |
| Accrued expenses | 526.91M | 659.61M | 566.19M | 572.46M | 438.34M |
| Short term debt | 546.70M | 122.43M | 228.95M | 81.42M | 53.36M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 46.14M | 93.52M | 24.83M | — | 34.59M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 2.58B | 3.18B | 1.64B | 1.43B | 1.68B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 237.86M | 297.46M | 307.30M | 354.83M | 419.92M |
| Shareholders equity | |||||
| Common stock | 89.05M | 91.50M | 95.70M | 99.60M | 98.79M |
| Retained earnings | 3.60B | 3.38B | 2.92B | 2.52B | 2.42B |
| Other shareholders equity | -486.72M | -409.38M | -481.25M | -153.75M | -388.38M |
| Total shareholders equity | 4.93B | 4.75B | 4.19B | 4.08B | 3.73B |
| Additional paid in capital | 1.72B | 1.69B | 1.66B | 1.62B | 1.59B |
| Treasury stock | — | — | — | — | — |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||||||||
| Net Income | 498.70M | 770.83M | 692.38M | 193.11M | -31.08M | 176.34M | -142.89M | 263.35M | 390.91M | 485.38M | 545.60M | 450.07M | 567.02M | 669.07M | 410.37M | -1.13B | 499.08M | 393.07M | 204.55M | 168.24M | 72.90M | -46.12M | -664.93M | 97,000 | 162.56M | 180.32M | 151.42M | 182.76M | 188.26M | 140.27M | 85.32M | 69.06M | 50.50M | 61.60M | 56.50M | 54.00M |
| Depreciation | 140.50M | 143.01M | 155.21M | 188.70M | 242.90M | 180.84M | 234.87M | 155.36M | 79.59M | 82.19M | 137.19M | 120.68M | 101.34M | 81.39M | 60.64M | 65.78M | 59.23M | 53.78M | 66.53M | 61.75M | 64.54M | 88.84M | 103.88M | 119.40M | 83.52M | 57.45M | 50.54M | 49.40M | 43.55M | 36.86M | 31.82M | 22.85M | 24.00M | 24.80M | 28.40M | 29.80M |
| Deferred Taxes | -9.75M | -37.06M | -52.51M | 14.65M | -34.26M | 33.80M | -87.14M | -17.71M | 107.60M | 8.70M | -15.64M | -10.02M | 11.78M | 15.97M | 46.42M | -92.79M | 107.15M | 99.60M | 52.17M | 63.73M | -2.82M | 21.61M | 10.83M | -79.66M | -40.16M | -34.53M | -1.72M | -5.14M | -14.49M | 5.48M | -7.46M | 1.72M | -1.30M | 500,000 | -4.90M | 600,000 |
| Stock-Based Compensation | 33.50M | 38.78M | 36.74M | 29.34M | 26.83M | 30.10M | 23.99M | 47.69M | 56.91M | 62.01M | 45.92M | 43.68M | 35.74M | 28.93M | 28.36M | 18.27M | 25.39M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 15.81M | 52.14M | 34.12M | 22.51M | 31.34M | -17.49M | 43.85M | 25.28M | 29.38M | 55.96M | 88.69M | 75.33M | 66.26M | 56.85M | 15.39M | 38.41M | 24.19M | 55.82M | 15.31M | — | 31.41M | — | — | 296.45M | 43.34M | 58.79M | 42.94M | 5.94M | 19.74M | 17.55M | 14.34M | 2.92M | 5.10M | 7.30M | 12.60M | 2.70M |
| Accounts Receivable | 316.22M | -461.12M | -1.13B | -615.35M | 221.49M | 464.98M | -296.18M | -371.82M | 191.21M | -247.65M | -306.87M | -94.20M | 72.27M | -421.46M | -1.07B | 709.91M | 46.10M | -129.35M | -254.69M | -168.89M | -271.31M | 140.66M | 433.86M | 315.67M | -453.33M | -77.14M | -113.75M | -23.49M | -81.67M | -117.80M | -127.98M | -38.43M | -40.50M | -700,000 | 100,000 | 25.70M |
| Accounts Payable | 4.50M | -75.94M | 1.13B | 620.97M | -106.99M | -377.86M | 409.61M | 163.60M | -326.22M | 117.51M | 48.65M | -78.83M | -319.09M | 165.19M | 963.33M | -375.51M | -123.35M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -51.20M | -1.17B | -1.22B | -409.08M | 266.79M | 81.93M | -308.66M | 84.41M | -416.64M | -78.34M | -226.14M | 225.67M | 133.18M | -321.94M | -459.92M | 483.45M | -134.28M | -6.64M | -268.41M | 98.62M | -163.11M | 462.61M | 552.62M | 248.98M | -535.84M | 16.29M | -94.30M | -86.86M | -171.59M | -103.55M | -27.85M | -13.21M | -1.50M | -8.30M | 49.30M | 56.20M |
| Operating Cash Flow | 948.26M | -742.49M | -353.76M | 44.86M | 617.01M | 572.64M | -122.55M | 350.16M | 112.73M | 485.76M | 317.39M | 732.36M | 668.49M | 273.99M | -5.70M | -282.18M | 503.52M | 466.27M | -184.55M | 223.45M | -268.39M | 667.60M | 436.26M | 900.93M | -739.91M | 201.17M | 35.14M | 122.61M | -16.20M | -21.19M | -31.81M | 44.90M | 36.30M | 85.20M | 142.00M | 169.00M |
| Investing Activities | ||||||||||||||||||||||||||||||||||||
| Capital Expenditures | -226.48M | -194.67M | -48.90M | -50.36M | -73.52M | -122.69M | -155.87M | -120.40M | -137.38M | -133.36M | -123.24M | -97.38M | -128.65M | -138.09M | -54.87M | -97.06M | -77.60M | -56.01M | -47.44M | -24.07M | -23.39M | -17.79M | -83.75M | 100.97M | -92.49M | 262.51M | 48.42M | -37.35M | -55.81M | -50.55M | -21.44M | -15.09M | -25.10M | -20.40M | -15.10M | -1.50M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | — | — | — | — | -51.51M | 123.47M | -15.25M | -802.74M | — | — | -116.88M | -262.31M | -313.22M | -671.89M | -57.55M | -314.94M | -369.39M | -429.79M | -294.34M | -3.56M | -50.53M | -9.21M | -31.55M | -858.85M | -675.03M | — | — | -1.36M | -96.33M | -54.91M | -333.21M | -36.18M | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | -4.50M | -99.30M | -61.80M |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 255.08M | — | — | — | — |
| Investing Cash Flow | -225.48M | -211.55M | 51.30M | -61.20M | -186.53M | -25.21M | -164.47M | -904.49M | -121.80M | -145.06M | -237.46M | -353.05M | -440.82M | -809.98M | -100.64M | -397.69M | -378.38M | -485.79M | -341.77M | -27.63M | -73.92M | -27.00M | -117.84M | -760.84M | -810.49M | 262.51M | 48.42M | -38.71M | -152.14M | -105.46M | -354.63M | 202.61M | -70.10M | -46.40M | -112.50M | -63.30M |
| Financing Activities | ||||||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 27.49M | 1.48B | 809.92M | 320.56M | — | 122.30M | 8.85M | 855.01M | 722.70M | 34.36M | 293.77M | 39.26M | 595.82M | 168.88M | 296.47M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -183.98M | -96.21M | -354.34M | -305.08M | -529.34M | -61.74M | -134.95M | -1.68B | -231.31M | -108.49M | -300.00M | -180.94M | — | -109.60M | -4.54M | -406.81M | -41.93M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -2.63M | -5.78M | -16.65M | -10.72M | -14.33M | 12.13M | -4.02M | -1.87M | -11.45M | -13.50M | 9.11M | 4.79M | 5.59M | 3.93M | 4.84M | 1.56M | 8.88M | 69.51M | 30.99M | 2.27M | 13.91M | -200.47M | -125.78M | 360.83M | 29.16M | 4.76M | 3.97M | 4.54M | -1.87M | 2.28M | 2.55M | 1.35M | 600,000 | 600,000 | 2.30M | 200,000 |
| Financing Cash Flow | -433.80M | 1.69B | 391.11M | -314.01M | -644.55M | -644.41M | -639.85M | -1.24B | 10.41M | -405.43M | -88.50M | -525.02M | 283.07M | 63.21M | 292.24M | -512.05M | -74.98M | 662.68M | 30.99M | 2.27M | 306.41M | -200.47M | -152.32M | 333.45M | 369.30M | -92.13M | -328.79M | -163.11M | -27.48M | -16.04M | 71.64M | -20.00M | -20.70M | -31.90M | -18.30M | -17.60M |
| Other Cash Details | ||||||||||||||||||||||||||||||||||||
| End Cash Position | 310.94M | 288.23M | 153.69M | 199.69M | 477.04M | 546.11M | 621.13M | 836.38M | 1.03B | 932.55M | 928.97M | 1.01B | 1.01B | 675.33M | 1.09B | 943.92M | 640.45M | 557.35M | 276.71M | 637.87M | 312.67M | 395.47M | 159.23M | 97.28M | 268.24M | 519.92M | 82.61M | 59.31M | 47.81M | 49.33M | 53.88M | 219.83M | — | — | — | — |
| Income Tax Paid | 208.59M | 216.78M | 6.89M | 83.39M | 25.12M | 172.83M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | 351.37M | 261.59M | 112.33M | 98.51M | 138.00M | 144.82M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 463.51M | -908.38M | -268.21M | 40.59M | 656.67M | 412.08M | 97.61M | -489.09M | 86.94M | 450.53M | 114.18M | 598.82M | 400.07M | 129.37M | -97.30M | 1.01B | 363.96M | 665.86M | -70.92M | 430.50M | 36.03M | 617.71M | 892.56M | 35.71M | -597.95M | 19.77M | -32.38M | 152.19M | -53.29M | -36.18M | 576,000 | 35.53M | 51.90M | 52.70M | 131.70M | 91.20M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Midcap ETF | Nov 30, 2024 | 2,829,824 | 143.16M | 2.61% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 2,755,628 | 139.41M | 2.54% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 2,206,059 | 111.60M | 2.03% |
| DFA U.S. Small Cap Value Series | Oct 31, 2024 | 1,756,480 | 88.86M | 1.62% |
| Vanguard Information Technology Index Fund | Nov 30, 2024 | 1,608,699 | 81.38M | 1.48% |
| Avantis U.S. Small Cap Value ETF | Nov 30, 2024 | 1,599,286 | 80.91M | 1.47% |
| American Century Small Cap Value Fund | Sep 30, 2024 | 1,505,000 | 76.14M | 1.39% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 1,493,151 | 75.54M | 1.38% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 1,311,506 | 66.35M | 1.21% |
| Vanguard Selected Value Fund | Oct 31, 2024 | 1,293,003 | 65.41M | 1.19% |
Article
Unlocking Avnet (AVT) International Revenues: Trends, Surprises, and Prospects
Explore Avnet's (AVT) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.
Feb 10, 2025
Article
Avnet: Stock Likely To Remain Rangebound In The Near Term
There is evidence of industry recovery and strong performance in Asia is a very positive sign. Weakness in the Americas and EMEA, coupled with uncertain timing of demand recovery, justifies maintaining a neutral rating for now. Current valuation at 11x forward PE is slightly above the 10-year average, and I don't expect a re-rating until tangible improvements are seen in the Americas and Europe.
Feb 4, 2025
Article
Avnet Stock Plunges 10% as Q2 Earnings Miss Estimates, Down Y/Y
AVT's second-quarter fiscal 2025 results highlight continued weakness in the Electronic Components and Farnell segments.
Jan 30, 2025
