Avnet is trading 6.5% down at $83.10 in pre-market trading as investors lock in gains following a strong run-up ahead of the company's fiscal Q4 2026 earnings report.
- Avnet is scheduled to report results on August 5, with consensus estimates pegged at $1.76 EPS and $7.53 billion in revenue following a string of prior beats.
- The decline appears to be driven by positioning risk rather than sector-wide weakness, as broader semiconductor sentiment remains positive amid strong tech earnings and anticipation for AMD’s results.