Avnet reported record fourth-quarter sales of $8.3 billion, up 48% year-over-year, driven by strong AI infrastructure demand across data centers, networking, and industrial markets. The company's adjusted operating margin expanded to 3.8%, with healthy backlog and book-to-bill ratios. Despite a 37.8% six-month stock rally, AVT trades below industry valuation multiples, earning a Zacks Rank #1 (Strong Buy) rating.

Richardson Electronics (RELL) is well-positioned for sustained growth driven by semiconductor wafer fabrication, wind energy, and battery energy storage. The company's Power and Microwave Technologies segment saw fiscal Q4 revenues jump 28.1% to $47.5M, while backlog reached $164.4M (up 22.5% YoY). Management expects continued revenue growth and margin improvement in fiscal 2027, with BESS becoming a meaningful revenue driver by fiscal 2028.

Syntiant will demonstrate its Neural Decision Processors (NDPs) at the Avnet Technology Showcase, highlighting their ability to process sensor data efficiently at the edge with low power consumption.

Three stocks were added to the Zacks Rank #5 (Strong Sell) list today: Arcos Dorados Holdings Inc., Ironwood Pharmaceuticals, Inc., and Avnet, Inc. The Zacks Consensus Estimate for their current year earnings has been revised downward over the last 60 days.

Avnet (AVT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

This past week, eight companies in KeyBanc analyst John Vinh’s semi-coverage universe reported, from which he highlighted vital takeaways. The companies included Advanced Micro Devices, Inc (NASDAQ:AMD), Lattice Semiconductor Corp (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ:MPWR), NXP Semiconductors NV (NASDAQ:NXPI), ON Semiconductor Corp (NASDAQ:ON), Qualcomm Inc (NASDAQ:QCOM), Qorvo, Inc (NASDAQ:QRVO), and Skyworks Solutions, Inc (NASDAQ:SWKS). He noted analog cyclical semis show incremental signs of stabilization and bottoming, with booking trends improving and channel inventory further decreasing. Distributors Arrow Electronics, Inc (NYSE:ARW) and Avnet, Inc (NASDAQ:AVT) indicate that transportation in NA, A&D in EUR, datacenter, and consumer in Asia showed signs of green shoots; however, guidance reflects incremental softness on more aggressive customer destocking trends. Automotive is correcting, but with the exception of Tesla, Inc. (NASDAQ:TSLA) is not as bad as feared, while industrial appears further through the ...Full story available on Benzinga.com

Explore Avnet's (AVT) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock.

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Avnet's (AVT) financial performance in the third quarter is affected by higher inventory levels for certain components and weakness in demand.

While the top- and bottom-line numbers for Avnet (AVT) give a sense of how the business performed in the quarter ended March 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Here, we take a sneak peek into how these electronics stocks - FLEX, AVT, FORM and ENTG - are poised ahead of their earnings releases.

Avnet (AVT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.