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, Inc. engages in the provision of 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 focuses on 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.

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report second quarter fiscal year 2024 earnings on January 31.

Avnet to Report Second Quarter Fiscal Year 2024 Earnings on January 31

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

Why Is Avnet (AVT) Up 3.1% Since Last Earnings Report?

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Should Value Investors Buy Avnet (AVT) Stock?

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PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in upcoming investor conferences.

Avnet to Participate in Upcoming Investor Conferences

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet Insights survey shows engineers have reached a turning point.

Avnet Insights Survey Shows Engineers Have Reached a Turning Point

Are Investors Undervaluing Avnet (AVT) Right Now?

Avnet's (AVT) top-line performance in the first quarter is affected by higher inventory levels for certain components. Increased interest expenses hurt the bottom-line results.

Avnet's (AVT) Q1 Earnings and Revenues Surpass Estimates

While the top- and bottom-line numbers for Avnet (AVT) give a sense of how the business performed in the quarter ended September 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Avnet (AVT) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet reports first quarter 2024 financial results.

Avnet Reports First Quarter 2024 Financial Results

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PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to report first quarter fiscal year 2024 earnings on November 1.

Avnet to Report First Quarter Fiscal Year 2024 Earnings on November 1

TORONTO--(BUSINESS WIRE)-- #AI--Today, Untether AI®, the leader in energy-centric AI acceleration technology, announced it has appointed Avnet as its distribution partner in Israel. The distribution partnership will support Untether AI to meet the growing demand for the company's products in the burgeoning AI inference acceleration space. The rising demand in the use of artificial intelligence, driven most recently by generative AI, is pushing beyond the capabilities of traditional compute architectu.

Untether AI Announces New Distributor Partnership with Avnet, Expanding its Global Reach

Why Is Avnet (AVT) Down 0.5% Since Last Earnings Report?

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Electronics distributor Avnet Inc. AVT, +1.19% said late Tuesday that its board has approved a 7% increase in the company's dividend to 31 cents a share. The dividend will be paid on Sept.

Avnet raises dividend by 7%

PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet increases quarterly dividend by 7%.

Avnet Increases Quarterly Dividend by 7%

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PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet to participate in the Citi 2023 Global Technology Conference on September 6.

Avnet to Participate in the Citi 2023 Global Technology Conference on September 6

News for Avnet Stock (AVT)