Avnet (AVT) is trading higher as investors react to a quarterly earnings beat paired with a notably stronger outlook for the next quarter. The company reported adjusted EPS of $1.48 on revenue of $7.12 billion for fiscal Q3 2026 and then guided fiscal Q4 EPS to $1.70–$1.80 with revenue of $7.3–$7.6 billion—both above what the market had been modeling heading into the print. (wtop.com)

The biggest incremental driver behind today’s move is the forward view: Avnet’s Q4 EPS guidance range of $1.70–$1.80 compares with a pre-release consensus around $1.40, while its revenue outlook of $7.3–$7.6 billion compares with consensus near $6.4 billion. That gap is large enough to force quick estimate revisions and helps explain the outsized single-day stock reaction. (marketbeat.com)

With the stock already near recent highs, investors will now focus on whether the guidance reflects a durable demand improvement or a near-term snapback, and how pricing dynamics and regional performance (including Asia strength discussed on the earnings call) affect margins into the June quarter. Management commentary about backlog, inventory positioning, and the cadence of price increases will be central to whether the rally extends beyond the initial post-earnings reaction. (marketbeat.com)