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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Dividend Champion, Contender, And Challenger Highlights: Week Of February 26

PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions company, today announced it will participate in the upcoming 44th Annual Raymond James Institutional Investors Conference on March 6, 2023.

Avnet to Participate in the 44th Annual Raymond James Institutional Investors Conference on March 6

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PHOENIX--(BUSINESS WIRE)-- #Avnet--Avnet declares regular quarterly dividend of $0.29.

Avnet Declares Regular Quarterly Dividend of $0.29

In August, we disclosed that Avnet and Benchmark Electronics were involved in an antitrust lawsuit that could lead to a court decision awarding up to $330 million in total damages. In the most recent quarter, Avnet reported a legal gain of $61.7 million related to this case, likely from settlements excluding their two largest targets.

Avnet: $60 Million Win Could Signal The Start Of A Larger Legal Gain

Avnet's (AVT) second-quarter fiscal 2023 performance reflects a strong demand environment for the company's products and its continued investments in e-commerce and expanding customer relationships.

Avnet (AVT) Beats Q2 Earnings & Revenue Estimates, Up Y/Y

Avnet, Inc. (NASDAQ:AVT ) Q2 2023 Earnings Conference Call February 1, 2023 4:30 PM ET Company Participants Joe Burke - Vice President, Treasury & Investor Relations Phil Gallagher - Chief Executive Officer Ken Jacobson - Chief Financial Officer Conference Call Participants Melissa Fairbanks - Raymond James Ruplu Bhattacharya - Bank of America Matt Sheerin - Stifel Jim Suva - Citigroup William Stein - Truist Securities Joe Quatrochi - Wells Fargo Operator Welcome to the Avnet Second Quarter Fiscal Year 2023 Earnings Conference Call. I would now like to turn the floor over to Joe Burke; Vice President, Treasury and Investor Relations for Avnet.

Avnet, Inc. (AVT) Q2 2023 Earnings Call Transcript

Avnet (AVT) delivered earnings and revenue surprises of 9.29% and 3.63%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Avnet (AVT) Q2 Earnings and Revenues Beat Estimates

PHOENIX--( BUSINESS WIRE )--Avnet, Inc. (Nasdaq: AVT) today announced results for its second quarter ended December 31, 2022.

Avnet Reports Second Quarter Fiscal 2023 Financial Results

Avnet's (AVT) fiscal Q2 results are likely to witness growing demand for its electronic components. However, inflation and supply-chain challenges might have hurt sales & earnings growth.

Avnet (AVT) to Report Q2 Earnings: What's in the Offing?

Avnet (AVT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Avnet (AVT) Reports Next Week: Wall Street Expects Earnings Growth

Is Avnet (AVT) a great pick from the value investor's perspective right now? Read on to know more.

Is Avnet (AVT) a Great Stock for Value Investors?

PHOENIX--( BUSINESS WIRE )--Avnet (Nasdaq: AVT) a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2023 on February 1 after market close. Following the earnings release, Avnet Chief Executive Officer Phil Gallagher and Avnet Chief Financial Officer Ken Jacobson will host a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET to discuss the financial results and provide a corporate update.

Avnet to Report Second Quarter Fiscal Year 2023 Earnings on February 1

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Avnet: A High Relative Strength Stock With An Attractive Valuation

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

Why Is Avnet (AVT) Up 14.5% Since Last Earnings Report?

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Avnet Insights: Chip Shortage Underscores Opportunity to Strengthen Strategic Relationships

Avnet's (AVT) first-quarter fiscal 2023 performance reflects a strong demand environment for the company's products and its continued investments in e-commerce and expanding customer relationships.

Avnet (AVT) Q1 Earnings and Revenues Beat Estimates, Up Y/Y

Avnet, Inc. (NASDAQ:AVT ) Q1 2023 Earnings Conference Call October 26, 2022 4:30 PM ET Company Participants Joe Burke - Vice President, Treasury and Investor Relations Phil Gallagher - Chief Executive Officer Ken Jacobson - Chief Financial Officer Conference Call Participants Melissa Fairbanks - Raymond James Matt Sheerin - Stifel Jim Suva - Citigroup William Stein - Truist Securities Ruplu Bhattacharya - Bank of America Joseph Cardoso - JPMorgan Operator Please standby. Our presentation will now begin.

Avnet, Inc. (AVT) Q1 2023 Earnings Call Transcript

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