Avnet ( (AVT) ) has released its Q3 earnings. Here is a breakdown of the information Avnet presented to its investors.
Avnet, Inc. is a leading global technology distributor and solutions provider, aiding customers and suppliers throughout the product lifecycle, with a focus on adapting to market changes and accelerating product development. In its third-quarter earnings report for 2025, Avnet reported sales of $5.3 billion and a diluted EPS of $1.01, with adjusted diluted EPS at $0.84. The company generated $141 million in cash flow from operations and returned $101 million to shareholders through share repurchases. Despite a 6% decline in sales compared to the previous year, Avnet experienced growth in Asia for the third consecutive quarter.
Key financial metrics highlighted a decrease in operating income margin to 2.7% from 3.4% in the previous year. The Electronic Components segment saw a 5.7% drop in sales, while Farnell experienced a 10.1% decline. Geographically, sales in the Americas and EMEA regions decreased by 9.2% and 24.1%, respectively, while Asia saw a 13% increase. The company returned over $28 million to shareholders in dividends, reflecting its commitment to shareholder value.
Looking ahead, Avnet’s management has provided guidance for the fourth quarter of fiscal 2025, with expected sales ranging from $5.15 billion to $5.45 billion and adjusted diluted EPS between $0.65 and $0.75. The company anticipates flat sequential sales at the midpoint, with favorable foreign currency exchange rates benefiting EMEA. Avnet remains focused on navigating the dynamic market environment and continuing to create value for its stakeholders.