Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Avnet (NASDAQ: AVT) and the best and worst performers in the it distribution & solutions industry.

IT Distribution & Solutions will be buoyed by the increasing complexity of IT ecosystems, rising cloud adoption, and demand for cybersecurity solutions. Enterprises are less likely than ever to embark on these complicated journeys solo, and companies in the sector boast expertise and scale in these areas. However, cloud migration also means less need for hardware, which could dent demand for large portions of the product portfolio and hurt margins. Additionally, planning for potentially supply chain disruptions is ongoing, as the COVID-19 pandemic showed how damaging a pause in global trade could be in areas like semiconductor procurement.

The 7 it distribution & solutions stocks we track reported an exceptional Q1. As a group, revenues beat analysts’ consensus estimates by 6.4% while next quarter’s revenue guidance was 0.6% below.

Luckily, it distribution & solutions stocks have performed well with share prices up 11.7% on average since the latest earnings results.

Avnet (NASDAQ: AVT)

With a century-long history of adapting to technological evolution, Avnet (NASDAQ: AVT) is a global electronic components distributor that connects manufacturers of semiconductors and other electronic parts with businesses that need these components.

Avnet reported revenues of $7.12 billion, up 33.9% year on year. This print exceeded analysts’ expectations by 10.3%. Overall, it was an incredible quarter for the company with EPS guidance for next quarter exceeding analysts' estimates.

“Sales and earnings exceeded our expectations, with double-digit sales growth both sequentially and year over year. Our team is executing well, driving improved operating margins and leverage, supported by continued disciplined cost management and inventory optimization. The investments we have made in our capabilities and digital infrastructure are paying off,” said Avnet Chief Executive Officer Phil Gallagher.

Avnet scored the biggest analyst estimates beat and fastest revenue growth of the whole group. Unsurprisingly, the stock is up 9.8% since reporting and currently trades at $85.99.

Is now the time to buy Avnet? Access our full analysis of the earnings results here, it’s free.

Best Q1: TD SYNNEX (NYSE: SNX)

Serving as the crucial middleman in the technology supply chain, TD SYNNEX (NYSE: SNX) is a global technology distributor that connects thousands of IT manufacturers with resellers, helping businesses access hardware, software, and technology solutions.

TD SYNNEX reported revenues of $17.16 billion, up 18.1% year on year, outperforming analysts’ expectations by 9.5%. The business had an incredible quarter with a beat of analysts’ EPS estimates.

The market seems happy with the results as the stock is up 48.3% since reporting. It currently trades at $237.44.

Is now the time to buy TD SYNNEX? Access our full analysis of the earnings results here, it’s free.

Slowest Q1: ScanSource (NASDAQ: SCSC)

Operating as a crucial link in the technology supply chain since 1992, ScanSource (NASDAQ: SCSC) is a hybrid distributor that connects hardware, software, and cloud services from technology suppliers to resellers and business customers.

ScanSource reported revenues of $766.8 million, up 8.8% year on year, exceeding analysts’ expectations by 6.1%. It may have had the worst quarter among its peers, but its results were still good as it also locked in a solid beat of analysts’ revenue and EPS estimates.

Interestingly, the stock is up 8.5% since the results and currently trades at $44.42.

Read our full analysis of ScanSource’s results here.

Connection (NASDAQ: CNXN)

Starting as a small computer products seller in 1982 and evolving into a Fortune 1000 company, Connection (NASDAQ: CNXN) is a technology solutions provider that helps businesses and government agencies design, purchase, implement, and manage their IT infrastructure and systems.

Connection reported revenues of $721.9 million, up 3% year on year. This print topped analysts’ expectations by 3.7%. Overall, it was a stunning quarter as it also produced a beat of analysts’ EPS and revenue estimates.

The stock is up 4.9% since reporting and currently trades at $66.51.

Read our full, actionable report on Connection here, it’s free.

CDW (NASDAQ: CDW)

Serving as a crucial bridge between technology manufacturers and end users since 1984, CDW (NASDAQ: CDW) is a multi-brand provider of information technology solutions that helps businesses and public sector organizations select, implement, and manage hardware, software, and IT services.

CDW reported revenues of $5.68 billion, up 9.2% year on year. This number surpassed analysts’ expectations by 3.8%. It was a strong quarter as it also recorded an impressive beat of analysts’ revenue estimates.

The stock is down 19.1% since reporting and currently trades at $110.70.

Read our full, actionable report on CDW here, it’s free.

Market Update

Late in 2025 into early 2026, there was hand wringing around artificial intelligence. For software companies, the fear was that AI would erode pricing power and compress margins as new tools made it easier to replicate what once required expensive enterprise platforms. Crypto investors had their own version of the same anxiety: if AI agents could trade, allocate capital, and manage wallets autonomously, what exactly was the long-term value of today’s crypto infrastructure?

These concerns triggered a noticeable rotation away from these sectors and into safer havens. But markets rarely dwell on one narrative for long. Spring 2026 came, and the focus shifted abruptly from technological disruption to geopolitical risk. The US’ conflict with Iran became the dominant driver of market psychology, and when geopolitics takes center stage, the script changes quickly. Investors stop debating growth rates and start worrying about oil supply, inflation, and global stability.

Want to invest in winners with rock-solid fundamentals? Check out our Hidden Gem Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate.