Avnet: Expected Results, Dilution Risk, And Still A Hold (NASDAQ:AVT)

Core Insights - Avnet, Inc. (NASDAQ: AVT) reported stable, cash-generative results for FY2025, with revenue slightly dipping but Q4 sales showing a year-over-year increase, and earnings exceeding guidance [1] - Despite the positive earnings, the company's gross margin experienced a decline, indicating ongoing challenges with profitability [1] Financial Performance - FY2025 revenue decreased slightly, while Q4 sales were marginally higher compared to the previous year [1] - Earnings for the quarter surpassed the company's guidance, reflecting a positive outlook on financial performance [1] - The gross margin, however, slipped, highlighting potential concerns regarding cost management and pricing power [1]