🔴 Avnet is trading 5% down in after-hours trading amid Lam Research’s cautious outlook

Avnet is trading at $84.30, down 4.90%, amid broad semiconductor-stock weakness; no clear company-specific catalyst was reported.

• Avnet’s October 22 decline came as Lam Research’s supply-chain constraints and cautious outlook contributed to the wider chip-sector selloff.
• Avnet’s latest announcement scheduled first-quarter fiscal 2027 earnings for November 4; the release does not explain the after-hours move.
• The S&P 500 and Nasdaq also declined, adding to the risk-off backdrop.