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Dec 28, 2024
Avnet Q2 2025 Earnings Report
Avnet's second quarter performance in fiscal year 2025 came in within expectations, with sales at $5.7 billion and diluted EPS at $0.99.
Key Takeaways
Avnet reported second quarter sales of $5.7 billion and diluted EPS of $0.99. The company focused on optimizing inventory and effective operations, which allowed them to deliver strong operating cash flow.
Sales reached $5.7 billion.
Diluted earnings per share was $0.99.
Adjusted diluted earnings per share was $0.87.
Asia experienced second consecutive quarter of year-over-year sales growth.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
For the third quarter of fiscal year 2025, Avnet expects sales to be between $5.05B and $5.35B, with a midpoint of $5.20B, and diluted EPS to be between $0.65 and $0.75, with a midpoint of $0.70.
Positive Outlook
- Sales guidance implies expectations of seasonal sales declines in Asia due to the Lunar New Year.
- Sales guidance implies modest sales declines in the western regions compared to typical seasonal sales growth.
- Guidance excludes restructuring, integration and other expenses.
- Guidance excludes foreign currency gains and losses.
- Guidance excludes certain income tax adjustments.
Challenges Ahead
- The above guidance implies a sequential sales change of down 6% to down 11%.
- Guidance assumes similar interest expense to the second quarter of fiscal 2025.
- Guidance assumes an adjusted effective tax rate of between 22% and 26%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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