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Jan 01, 2022
Avnet Q2 2022 Earnings Report
Avnet's financial performance reflected strong sales and margin expansion in Electronic Components and Farnell businesses, contributing to a solid first half of fiscal year 2022.
Key Takeaways
Avnet reported strong second quarter fiscal year 2022 financial results, with sales of $5.9 billion, up 25.6% year over year, and diluted EPS of $1.50.
Sales of $5.9 billion, up from $4.7 billion in the prior year and exceeding guidance.
GAAP diluted earnings per share of $1.50, compared with $0.19 in the prior year.
Non-GAAP adjusted diluted earnings per share of $1.51, compared with $0.48 in the prior year.
Farnell operating margins increased 276 basis points sequentially to 13.7%.
Avnet
Avnet
Avnet Revenue by Segment
Avnet Revenue by Geographic Location
Revenue by Segment
Electronic Components Revenue
CapyFin.comFarnell Revenue
CapyFin.comRevenue by Geographic Location
Americas Revenue
CapyFin.comEMEA Revenue
CapyFin.comAsia Revenue
CapyFin.com Forward Guidance
For the third quarter of fiscal year 2022, Avnet expects sales between $5.4 billion and $5.8 billion, with adjusted diluted EPS between $1.45 and $1.55.
Revenue & Expenses
Visualization of income flow from segment revenue to net income