Avnet Plans to Issue $500 Million in Senior Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 02 2025
0mins
Should l Buy AVT?
Source: NASDAQ.COM
Convertible Notes Offering: Avnet, Inc. plans to offer $500 million in convertible senior notes due 2030, with an option for initial purchasers to buy an additional $75 million.
Use of Proceeds: The company intends to allocate approximately $100 million of the proceeds for share buybacks and the remainder for debt repayment.
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Analyst Views on AVT
Wall Street analysts forecast AVT stock price to fall
3 Analyst Rating
0 Buy
1 Hold
2 Sell
Moderate Sell
Current: 65.960
Low
48.00
Averages
56.00
High
65.00
Current: 65.960
Low
48.00
Averages
56.00
High
65.00
About AVT
Avnet, Inc. is a global electronic component technology distributor and solutions provider. It markets, sells, and distributes electronic components from electronic component manufacturers, including semiconductors, interconnect, passive and electromechanical components, and other integrated and embedded components. Its primary operating groups include Electronic Components (EC) and Farnell. EC serves a variety of markets ranging from industrial to automotive to defense and aerospace. EC offers an array of customer support options throughout the entire product lifecycle, including turnkey and customized design, supply chain, programming, logistics and post-sales services. The Farnell operating group primarily supports lower-volume customers and distributes a portfolio of kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, through an e-commerce channel. It also distributes new product introductions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Avnet Reports Q2 2026 Earnings Exceeding Expectations
- Strong Sales Performance: Avnet's Q2 sales reached $6.3 billion, marking a 12% year-over-year increase that exceeded guidance, reflecting robust growth in both Electronic Components and Farnell businesses, particularly with record revenues in Asia.
- Improved Profitability: Adjusted diluted earnings per share of $1.05 surpassed guidance, with operating income of $187 million in Electronic Components and $20 million in Farnell, indicating ongoing enhancements in profitability across business units.
- Cash Flow and Inventory Management: Avnet generated $208 million in operating cash flow and reduced inventory by $126 million, demonstrating proactive efforts in optimizing operational efficiency and lowering financial leverage, with plans to further reduce leverage to approximately 3x over the next year.
- Optimistic Future Outlook: The CFO provided Q3 sales guidance of $6.2 billion to $6.5 billion, anticipating a sequential increase of about 1%, with management expressing confidence in the market performance for the next several quarters, particularly amid recovery in Western markets.
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- Strong Earnings Performance: Avnet reported a Q2 non-GAAP EPS of $1.05, beating expectations by $0.10, indicating a sustained enhancement in profitability that is likely to positively impact stock prices.
- Significant Revenue Growth: The company achieved revenues of $6.32 billion, reflecting an 11.7% year-over-year increase and surpassing market expectations by $290 million, showcasing robust market performance and rising customer demand.
- Optimistic Future Outlook: For Q3 of fiscal 2026, Avnet guided sales between $6.20 billion and $6.50 billion, with a midpoint of $6.35 billion, exceeding the consensus estimate of $5.85 billion, demonstrating confidence in future growth.
- Adjusted EPS Guidance: The company anticipates adjusted diluted EPS in the range of $1.20 to $1.30, with a midpoint of $1.25, slightly above the consensus of $1.20, further solidifying investor confidence.
See More
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- Earnings Announcement: Avnet is set to release its Q2 fiscal year 2024 earnings on January 28 before market open, with an expected EPS of $0.95, reflecting a 9.2% year-over-year growth that indicates robust profitability.
- Revenue Growth Expectations: The anticipated revenue for Q2 is $6.03 billion, representing a 6.5% year-over-year increase, showcasing Avnet's strong performance amid recovering market demand, which could further bolster investor confidence.
- Historical Performance Review: Over the past two years, Avnet has beaten EPS estimates 63% of the time and revenue estimates 88% of the time, demonstrating the company's stability and reliability in financial performance.
- Expectation Revision Dynamics: In the last three months, EPS estimates saw 0 upward revisions and 4 downward revisions, while revenue estimates experienced 4 upward revisions, reflecting a positive market sentiment towards the company's future growth.
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- Analyst Rating Update: On October 30, 2025, Truist Securities' William Stein maintained a Hold rating on Avnet while raising the price target from $54 to $55, reflecting cautious optimism about the company's future performance.
- Earnings Beat Expectations: Avnet's quarterly results released on October 29 exceeded expectations, further solidifying investor confidence and potentially driving stock price appreciation.
- Increased Market Attention: With analysts focusing more on Avnet, investors can access the latest updates through Benzinga's real-time news, increasing market interest in the stock.
See More
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- Enhanced Technical Support: Under the agreement, Avnet will provide technical and commercial expertise for Navitas' GaN and SiC high-voltage semiconductor devices, supporting growth in AI data centers and renewable energy sectors.
- Market Consolidation Strategy: This collaboration is part of Navitas' strategy to consolidate its distribution network, ensuring customers receive fast and reliable access to products and technical support across all regions through Avnet's global reach and expertise.
- Electrification Drive: The partnership between Avnet and Navitas will accelerate the adoption of high-performance power design, responding to the global electrification trend and promoting the development of sustainable energy solutions.
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Upcoming Ex-Dividend Dates for Avnet, Enpro, and WillScot Holdings
Upcoming Ex-Dividend Dates: Avnet Inc, Enpro Inc, and WillScot Holdings Corp will trade ex-dividend on 12/3/25, with respective dividends of $0.35, $0.31, and $0.07 payable on 12/17/25.
Expected Price Adjustments: Following the ex-dividend date, shares of Avnet Inc are expected to open 0.74% lower, Enpro Inc 0.14% lower, and WillScot Holdings Corp 0.35% lower, based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the companies are 2.95% for Avnet Inc, 0.56% for Enpro Inc, and 1.42% for WillScot Holdings Corp, reflecting their historical dividend stability.
Current Trading Performance: As of Monday trading, Avnet Inc shares are up 0.6%, while Enpro Inc and WillScot Holdings Corp shares are down 0.2% and 2.1%, respectively.
See More
Avnet Reports Q2 2026 Earnings Exceeding Expectations
- Strong Sales Performance: Avnet's Q2 sales reached $6.3 billion, marking a 12% year-over-year increase that exceeded guidance, reflecting robust growth in both Electronic Components and Farnell businesses, particularly with record revenues in Asia.
- Improved Profitability: Adjusted diluted earnings per share of $1.05 surpassed guidance, with operating income of $187 million in Electronic Components and $20 million in Farnell, indicating ongoing enhancements in profitability across business units.
- Cash Flow and Inventory Management: Avnet generated $208 million in operating cash flow and reduced inventory by $126 million, demonstrating proactive efforts in optimizing operational efficiency and lowering financial leverage, with plans to further reduce leverage to approximately 3x over the next year.
- Optimistic Future Outlook: The CFO provided Q3 sales guidance of $6.2 billion to $6.5 billion, anticipating a sequential increase of about 1%, with management expressing confidence in the market performance for the next several quarters, particularly amid recovery in Western markets.
See More
Avnet Q2 Earnings Exceed Expectations
- Strong Earnings Performance: Avnet reported a Q2 non-GAAP EPS of $1.05, beating expectations by $0.10, indicating a sustained enhancement in profitability that is likely to positively impact stock prices.
- Significant Revenue Growth: The company achieved revenues of $6.32 billion, reflecting an 11.7% year-over-year increase and surpassing market expectations by $290 million, showcasing robust market performance and rising customer demand.
- Optimistic Future Outlook: For Q3 of fiscal 2026, Avnet guided sales between $6.20 billion and $6.50 billion, with a midpoint of $6.35 billion, exceeding the consensus estimate of $5.85 billion, demonstrating confidence in future growth.
- Adjusted EPS Guidance: The company anticipates adjusted diluted EPS in the range of $1.20 to $1.30, with a midpoint of $1.25, slightly above the consensus of $1.20, further solidifying investor confidence.
See More
Avnet to Announce Q2 Earnings with Positive Estimates
- Earnings Announcement: Avnet is set to release its Q2 fiscal year 2024 earnings on January 28 before market open, with an expected EPS of $0.95, reflecting a 9.2% year-over-year growth that indicates robust profitability.
- Revenue Growth Expectations: The anticipated revenue for Q2 is $6.03 billion, representing a 6.5% year-over-year increase, showcasing Avnet's strong performance amid recovering market demand, which could further bolster investor confidence.
- Historical Performance Review: Over the past two years, Avnet has beaten EPS estimates 63% of the time and revenue estimates 88% of the time, demonstrating the company's stability and reliability in financial performance.
- Expectation Revision Dynamics: In the last three months, EPS estimates saw 0 upward revisions and 4 downward revisions, while revenue estimates experienced 4 upward revisions, reflecting a positive market sentiment towards the company's future growth.
See More
Avnet Inc (AVT) Maintains Hold Rating, Raises Price Target to $55
- Attractive Dividend Yield: Avnet's dividend yield of 2.84% appeals to investors seeking stable income during market turbulence, enhancing its attractiveness among high-yield stocks.
- Analyst Rating Update: On October 30, 2025, Truist Securities' William Stein maintained a Hold rating on Avnet while raising the price target from $54 to $55, reflecting cautious optimism about the company's future performance.
- Earnings Beat Expectations: Avnet's quarterly results released on October 29 exceeded expectations, further solidifying investor confidence and potentially driving stock price appreciation.
- Increased Market Attention: With analysts focusing more on Avnet, investors can access the latest updates through Benzinga's real-time news, increasing market interest in the stock.
See More
Navitas Expands Global Distribution Agreement with Avnet
- Partnership Expansion: Navitas has expanded its global distribution agreement with Avnet, making Avnet a strategic distribution partner, which significantly enhances Navitas' channel presence in the high-power semiconductor market.
- Enhanced Technical Support: Under the agreement, Avnet will provide technical and commercial expertise for Navitas' GaN and SiC high-voltage semiconductor devices, supporting growth in AI data centers and renewable energy sectors.
- Market Consolidation Strategy: This collaboration is part of Navitas' strategy to consolidate its distribution network, ensuring customers receive fast and reliable access to products and technical support across all regions through Avnet's global reach and expertise.
- Electrification Drive: The partnership between Avnet and Navitas will accelerate the adoption of high-performance power design, responding to the global electrification trend and promoting the development of sustainable energy solutions.
See More
Upcoming Ex-Dividend Dates for Avnet, Enpro, and WillScot Holdings
Upcoming Ex-Dividend Dates: Avnet Inc, Enpro Inc, and WillScot Holdings Corp will trade ex-dividend on 12/3/25, with respective dividends of $0.35, $0.31, and $0.07 payable on 12/17/25.
Expected Price Adjustments: Following the ex-dividend date, shares of Avnet Inc are expected to open 0.74% lower, Enpro Inc 0.14% lower, and WillScot Holdings Corp 0.35% lower, based on their recent stock prices.
Dividend Yield Estimates: The estimated annualized yields for the companies are 2.95% for Avnet Inc, 0.56% for Enpro Inc, and 1.42% for WillScot Holdings Corp, reflecting their historical dividend stability.
Current Trading Performance: As of Monday trading, Avnet Inc shares are up 0.6%, while Enpro Inc and WillScot Holdings Corp shares are down 0.2% and 2.1%, respectively.
See More
