Avnet Reports Strong Q2 Earnings Exceeding Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 29 Jan 26
Source: Benzinga
Avnet Inc's stock rose by 3.67% as it reached a 52-week high, despite the broader market decline with the Nasdaq-100 down 1.09% and the S&P 500 down 0.55%.
The company reported Q2 2026 earnings that exceeded expectations, with sales of $6.3 billion, a 12% year-over-year increase, and adjusted diluted EPS of $1.05, surpassing guidance. The CFO provided optimistic Q3 sales guidance of $6.2 billion to $6.5 billion, reflecting confidence in future growth amid recovering Western markets.
This strong performance indicates robust demand in Avnet's Electronic Components and Farnell businesses, particularly in Asia, and suggests that the company is well-positioned for continued growth despite current market conditions.
Analyst Views on AVT
Wall Street analysts forecast AVT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for AVT is 49.33 USD with a low forecast of 43.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Analyst Rating
0 Buy
1 Hold
2 Sell
Moderate Sell
Current: 59.960
Low
43.00
Averages
49.33
High
55.00
Current: 59.960
Low
43.00
Averages
49.33
High
55.00
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.
