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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.
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 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%.
- Guidance assumes 88 million average diluted shares outstanding.
- Guidance assumes average currency exchange rates as shown in the table.
Revenue & Expenses
Visualization of income flow from segment revenue to net income