Avnet

Avnet, Inc. engages in the distribution and sale of electronic components. It operates through the Electronic Components and Farnell segments. The Electronic Components segment markets and sells semiconductors, interconnect, passive and electromechanical devices, and integrated components. The Farnell segment is involved in the distribution of electronic components and related products to the electronic system design community utilizing multi-channel sales and marketing resources. The company was founded by Charles Avnet in 1921 and is headquartered in Phoenix, AZ.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Avnet exceeds Q1 earnings guidance, faces inventory challenges in Asia

Avnet's Q1 2023 performance exceeded guidance, but challenges persist in Asia and with inventory levels. The company is focused on managing inventory, working capital, and addressing pricing impacts. Opportunities lie in closely monitoring market conditions and managing backlog effectively.

Avnet surpasses Q2 expectations, eyes digital growth amid inventory challenges

Avnet delivered strong financial performance in Q2 FY 2023, driven by global sales growth and operational efficiency.
While facing challenges such as softening book-to-bill ratios and elevated inventory levels, Avnet's diversification and strategic focus remain strengths.
Opportunities lie in improving inventory management, leveraging digital sales channels, and addressing margin pressures in specific business segments.
Overall, Avnet's resilience and proactive approach position them well for navigating market uncertainties and driving future growth.

Avnet surpasses Q3 targets, eyes e-commerce growth amid challenges

Avnet's Q3 performance exceeded expectations, driven by sales growth in key regions and strong margins.
While facing challenges like product constraints and increased inventory, the company is focused on operational efficiency and balance sheet improvement.
Opportunities lie in expanding e-commerce sales, managing cancellations effectively, and leveraging sustained customer interest in orders.

Avnet posts stellar Q4 results, eyes growth and profitability

Avnet's strong performance in Q4 2023 showcases growth and operational efficiency. While facing challenges like lead times and margin mix, the company is well-positioned to capitalize on industry growth and improve profitability in the upcoming fiscal year.

Avnet reports Q1 sales decline but maintains solid margins

Avnet's Q1 performance saw a decline in sales but solid operating margins. The company is strategically managing inventory levels and costs to drive improvements. Despite challenges in certain segments, Avnet is optimistic about its competitive position and growth opportunities.

Avnet reports Q2 earnings slightly above guidance amidst global challenges

Avnet's Q2 performance was slightly above guidance, with a focus on margin expansion and expense control. Challenges include weak economic conditions globally and softening demand in certain sectors. The company is optimistic about future opportunities and aims to navigate market challenges by reducing inventory and focusing on growth areas.

Avnet reports Q3 earnings, eyes growth in defense markets

Avnet navigated challenges in Q3 but aims for growth in 2025. Cost reduction actions are expected to benefit in FY '25, with a focus on working capital reductions and market share gains. The company expects a return to growth in calendar year 2025.

Avnet surpasses Q1 expectations, focuses on inventory optimization

Avnet's Q1 performance exceeded expectations driven by Asia, facing challenges in the West and at Farnell.
Strategic focus on inventory reduction, margin stabilization, and growth opportunities in IP&E business.
Initiatives to optimize operations and enhance results in the face of market dynamics and regional challenges.

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Avnet (AVT) reported earnings 30 days ago. What's next for the stock?

Avnet (AVT) Down 2.6% Since Last Earnings Report: Can It Rebound?

PHOENIX--(BUSINESS WIRE)--Avnet introduces Monarch Go Pi HAT for simple, cost effective connectivity.

Avnet Introduces Monarch Go Pi HAT for Simple, Cost-Effective Connectivity

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in virtual investment banking conferences in September.

Avnet to Participate in Virtual Investment Banking Conferences in September

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet introduces indoor air quality sensor HAT for Raspberry Pi for rapid prototyping.

Avnet Introduces Indoor Air Quality Sensor HAT for Raspberry Pi for Rapid Prototyping

Avnet's (AVT) Management on Q4 2020 Results - Earnings Call Transcript

Avnet's (AVT) fourth-quarter 2020 results are negatively impacted by lower revenue from both the segments and rising logistics costs stemming from the coronavirus pandemic.

Avnet's (AVT) Q4 Earnings & Revenues Beat Estimates, Fall Y/Y

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports fourth quarter and fiscal 2020 financial results.

Avnet Reports Fourth Quarter and Fiscal 2020 Financial Results

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet declares regular quarterly dividend and announces annual shareholder meeting.

Avnet Declares Regular Quarterly Dividend and Announces Annual Shareholder Meeting

Avnet Inc. AVT, +1.12% rallied in the extended session Monday after the electronic components distributor forecast strong results for the quarter while announcing the departure of its chief executive.

Avnet stock jumps after strong forecast, CEO departure

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet names Phil Gallagher as interim chief executive officer and announces preliminary fourth quarter fiscal 2020 results

Avnet Names Phil Gallagher as Interim Chief Executive Officer and Announces Preliminary Fourth Quarter Fiscal 2020 Results

PHOENIX--(BUSINESS WIRE)--Avnet introduces MaaXBoard Mini to accelerate IoT time to market and reduce development costs.

Avnet Introduces MaaXBoard Mini to Accelerate IoT Time to Market and Reduce Development Costs

PHOENIX--(BUSINESS WIRE)--Avnet to report fourth quarter and fiscal year 2020 earnings on August 6.

Avnet to Report Fourth Quarter and Fiscal Year 2020 Earnings on August 6

Avnet (AVT) Down 0.7% Since Last Earnings Report: Can It Rebound?

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Weakness in the components industry due to coronavirus-led demand disruptions affect Avnet's (AVT) third-quarter fiscal 2020 results. However, cost-saving efforts are a breather.

Avnet's (AVT) Q3 Earnings & Revenues Beat Estimates, Fall Y/Y

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Avnet, Inc. (AVT) CEO Bill Amelio on Q3 2020 Results - Earnings Call Transcript

Avnet Inc. AVT, +4.90% shares rose 3% in after-hours trading Monday after the distributor and seller of electronic components reported fiscal third-quarter revenue and net income that eclipsed Wall Street estimates.

Avnet shares rise 3% on revenue beat

Avnet (NASDAQ:AVT) reported Q3 results. Quarterly Results Earnings per share fell 65.14% over the past year to $0.38, which beat the estimate of $0.32.

Avnet: Q3 Earnings Insights

Avnet (AVT) Down 13.5% Since Last Earnings Report: Can It Rebound?

Weakness in the components industry due to macroeconomic downsides and sluggish Farnell business affect Avnet's (AVT) second-quarter fiscal 2020 results. However, cost-saving efforts are a breather.

Avnet's (AVT) Q2 Earnings Miss, Revenues Beat Mark, Fall Y/Y

Avnet, Inc. (AVT) CEO Bill Amelio on Q2 2020 Results - Earnings Call Transcript

Avnet (AVT) delivered earnings and revenue surprises of -2.44% and 2.34%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

Avnet (AVT) Lags Q2 Earnings Estimates

The FPA Capital Fund (Trades, Portfolio) sold shares of the following stocks during the fourth quarter.

FPA Capital Fund Exits Avnet, Cision

Avnet's (AVT) Partner Program will enable developers to reduce time and costs required to build IoT applications and scale their businesses.

News for Avnet Stock (AVT)