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Jun 28
Avnet Q4 2025 Earnings Report
Avnet reported a steep decline in net income and margins in Q4 2025, despite stable revenue and solid growth in Asia and Farnell.
Key Takeaways
In Q4 2025, Avnet generated $5.62 billion in revenue, up slightly year-over-year. However, net income dropped to $6.1 million with GAAP EPS of $0.07, primarily due to higher restructuring costs. Adjusted EPS was $0.81, while Asia and Farnell showed growth.
Revenue reached $5.62 billion, growing 1.0% year-over-year.
GAAP net income plunged to $6.1 million, down from $82.7 million a year ago.
Operating income margin dropped to 1.3% from 3.0%; adjusted margin fell to 2.5%.
Asia region and Farnell business posted strong growth despite overall margin compression.
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 Q1 FY26, Avnet expects revenue between $5.55B and $5.85B and adjusted EPS between $0.75 and $0.85, implying sequential growth led by all regions.
Positive Outlook
- Q1 FY26 revenue guidance midpoint at $5.70B suggests 2% sequential growth.
- Adjusted EPS guidance midpoint of $0.80 indicates earnings resilience.
- Expected growth across all regions, including continued Asia momentum.
- Asia showed 17.6% YoY growth in Q4 and continues to lead recovery.
- Farnell returned to year-over-year growth in sales and margin.
Challenges Ahead
- GAAP EPS significantly lower than adjusted EPS due to restructuring and tax items.
- Operating income margin dropped by 170 bps YoY.
- EMEA revenue declined 16.7% YoY due to weaker demand.
- Sequential drop in adjusted operating income of 6.5%.
- Restructuring and integration costs of $69 million impacted GAAP profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income