The earnings call presented a balanced view with significant revenue and growth achievements in Asia and positive cash flow, but also highlighted challenges in EMEA and gross margin pressures due to regional and product mix shifts.

Company Guidance -

Q1 2026

During Avnet's fourth-quarter fiscal year 2025 earnings call, the company reported $5.6 billion in sales, surpassing their guidance, with adjusted operating margins at 2.5%. The Farnell business highlighted a 4.3% operating margin, and the company generated $139 million in cash flow from operations. Asia led with an 18% year-over-year sales growth, contributing to an overall $22.2 billion in annual revenues. Avnet's adjusted diluted earnings per share for the fiscal year were $3.44. The company also focused on inventory optimization, achieving a $35 million decrease in reported inventories for the quarter. Avnet's book-to-bill ratio improved across all regions, with Europe and Asia above parity. For fiscal year 2026, Avnet projects sales between $5.55 billion and $5.85 billion for the first quarter, with diluted earnings per share expected to range from $0.75 to $0.85.

Strong Revenue Growth

Avnet delivered $22.2 billion in revenues for fiscal year 2025, with $5.6 billion in the fourth quarter, exceeding sales and EPS guidance.

Significant Growth in Asia

Sales in Asia increased 18% year-over-year in the fourth quarter, marking the fourth consecutive quarter of year-over-year growth in the region.

Positive Cash Flow from Operations

Avnet generated $139 million in cash flow from operations in the fourth quarter and $725 million for the fiscal year.

Improvement in Book-to-Bill Ratio

Book-to-bill ratio improved across all regions and Farnell last quarter, with Europe and Asia regions above parity.

Working Capital Optimization

Avnet managed to reduce inventories by $185 million, excluding foreign currency impact, and improved return on working capital to 9.4% for the quarter.

Strategic Leadership Changes

Appointment of Dave Youngblood as Chief Digital Officer and promotion of Gilles Beltran as President of EMEA region.

Avnet (AVT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

AVT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2026 (Q1)	0.80 / -	0.92	―	―	―
Aug 06, 2025	2025 (Q4)	0.75 / 0.81	1.22	-33.61% (-0.41)
Apr 30, 2025	2025 (Q3)	0.73 / 0.84	1.1	-23.64% (-0.26)
Jan 29, 2025	2025 (Q2)	0.89 / 0.87	1.4	-37.86% (-0.53)
Oct 30, 2024	2025 (Q1)	0.86 / 0.92	1.61	-42.86% (-0.69)
Aug 08, 2024	2024 (Q4)	0.95 / 1.22	2.06	-40.78% (-0.84)
May 01, 2024	2024 (Q3)	1.11 / 1.10	2	-45.00% (-0.90)
Jan 31, 2024	2024 (Q2)	1.40 / 1.40	2	-30.00% (-0.60)
Nov 01, 2023	2024 (Q1)	1.52 / 1.61	2	-19.50% (-0.39)
Aug 16, 2023	2023 (Q4)	1.65 / 2.06	2.07	-0.48% (>-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

AVT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$51.89	$49.46	-4.68%
Apr 30, 2025	$50.91	$46.68	-8.31%
Jan 29, 2025	$51.74	$52.54	+1.55%
Oct 30, 2024	$53.42	$56.59	+5.93%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.