Core Insights - Avnet, Inc. (AVT) reported fourth-quarter earnings of 81 cents per share, exceeding the Zacks Consensus Estimate by 12.5%, but reflecting a year-over-year decline of 33.6% [1][10] - Net sales reached $5.6 billion, surpassing the Zacks Consensus Estimate by 4.7%, but remained flat year-over-year due to regional performance variations [2][10] - Despite better-than-expected results, Avnet's shares fell 4.7% following guidance for the first quarter of fiscal 2026, which was below consensus estimates [3][10] Financial Performance - The Electronic Components segment generated revenues of $5.23 billion, up 1% year-over-year and 5.7% sequentially, exceeding estimates of $4.97 billion [4] - Farnell sales increased by 3% year-over-year to $387 million, also above the estimate of $368.2 million [4] - Regional sales showed an 18% increase in Asia to $2.69 billion, while EMEA and Americas saw declines of 17% to $1.6 billion and 2% to $1.33 billion, respectively [5] Operating Metrics - Adjusted operating income was $143 million, down 26% year-over-year, with the Electronic Components segment's income declining 25% to $157 million [5][6] - The adjusted operating margin decreased by 94 basis points to 2.5%, with the Electronic Components margin contracting 105 basis points to 3% [6] Balance Sheet & Cash Flow - As of June 28, 2025, Avnet had cash and cash equivalents of $192.4 million, up from $188.9 million at the end of the previous quarter [7] - Long-term debt decreased to $2.57 billion from $2.49 billion [7] - The company generated $139 million in cash from operating activities during the fourth quarter and $725 million for the full fiscal year [7] Shareholder Returns - In the fourth quarter, Avnet repurchased approximately $50 million in shares and paid $28 million in dividends [8] - For the full fiscal year, share repurchases totaled $301 million, with dividends amounting to $113 million [8] Q1 Guidance - For the first quarter of fiscal 2026, Avnet expects revenues between $5.55 billion and $5.85 billion, with a midpoint of $5.70 billion, indicating a year-over-year decline of 0.3% [9] - Non-GAAP earnings are anticipated in the range of 75-85 cents per share, below the consensus estimate of 98 cents, which suggests a year-over-year increase of 6.5% [9]

Core Viewpoint - Arrow Electronics reported quarterly earnings of $2.43 per share, exceeding the Zacks Consensus Estimate of $2.03 per share, but down from $2.78 per share a year ago, indicating an earnings surprise of +19.70% [1][2] Financial Performance - The company achieved revenues of $7.58 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 6.16% and up from $6.89 billion year-over-year [2] - Over the last four quarters, Arrow Electronics has consistently surpassed consensus EPS estimates [2] Stock Performance - Arrow Electronics shares have increased approximately 14.7% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [3] Future Outlook - The company's earnings outlook will be crucial for assessing future stock performance, with current consensus EPS estimates at $2.56 for the coming quarter and $10.14 for the current fiscal year [4][7] - The estimate revisions trend for Arrow Electronics was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Electronics - Parts Distribution industry, to which Arrow Electronics belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, suggesting potential challenges ahead [8]

Group 1: Earnings Performance - Wesco International reported quarterly earnings of $3.39 per share, exceeding the Zacks Consensus Estimate of $3.31 per share, and up from $3.21 per share a year ago [1] - The earnings surprise for the quarter was +2.42%, while the previous quarter saw a surprise of -0.9% with actual earnings of $2.21 per share against an expectation of $2.23 [2] - The company achieved revenues of $5.9 billion for the quarter, surpassing the Zacks Consensus Estimate by 1.99%, compared to $5.48 billion in the same quarter last year [3] Group 2: Stock Performance and Outlook - Wesco International's shares have increased approximately 17.6% since the beginning of the year, outperforming the S&P 500's gain of 8.2% [4] - The current consensus EPS estimate for the upcoming quarter is $3.83 on revenues of $5.73 billion, and for the current fiscal year, it is $12.96 on revenues of $22.53 billion [8] - The estimate revisions trend for Wesco International was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [7] Group 3: Industry Context - The Electronics - Parts Distribution industry, to which Wesco International belongs, is currently ranked in the bottom 13% of over 250 Zacks industries, suggesting potential challenges ahead [9] - Another company in the same industry, Avnet, is expected to report a significant year-over-year earnings decline of -41% for the quarter ended June 2025, with revenues projected to decrease by 3.6% [10][11]

Richardson Electronics (RELL) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +140.00%. A quarter ago, it was expected that this electronic components and communication products company would post earnings of $0.08 per share when it actually produced earnings of $0.11, delivering a su ...

Core Viewpoint - Arrow Electronics reported quarterly earnings of $1.80 per share, exceeding the Zacks Consensus Estimate of $1.47 per share, but down from $2.41 per share a year ago, indicating a 25.37% year-over-year decline in earnings [1] - The company achieved revenues of $6.81 billion for the quarter, surpassing the Zacks Consensus Estimate by 7.93%, although this represents a slight decrease from $6.92 billion in the same quarter last year [2] Financial Performance - Arrow Electronics has consistently surpassed consensus EPS estimates over the last four quarters, with an earnings surprise of 22.45% in the latest report [1][2] - The company has also topped consensus revenue estimates four times in the past four quarters, demonstrating strong performance in revenue generation [2] Stock Performance and Outlook - Arrow Electronics shares have declined approximately 1.6% since the beginning of the year, while the S&P 500 has decreased by 5.3%, indicating relative outperformance [3] - The current consensus EPS estimate for the upcoming quarter is $2.21, with expected revenues of $6.59 billion, and for the current fiscal year, the EPS estimate is $10.20 on revenues of $27.13 billion [7] Industry Context - The Electronics - Parts Distribution industry, to which Arrow Electronics belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable industry outlook [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Arrow Electronics' stock performance [5]

Core Viewpoint - Avnet reported a decline in earnings and sales for the third quarter of fiscal 2025, reflecting broader market pressures and margin contraction across its segments [1][2]. Financial Performance - Earnings per share for Q3 fiscal 2025 were 84 cents, exceeding the Zacks Consensus Estimate by 16.7%, but down 23.6% year-over-year [1]. - Net sales reached $5.32 billion, surpassing the Zacks Consensus Estimate by 0.46%, yet decreased by 6% compared to the same quarter last year [1]. - Adjusted operating income was $152.7 million, a decline of 24.7% year-over-year [4]. Segment Performance - The Electronic Components segment saw revenues decline by 5.7% year-over-year to $4.95 billion, slightly below estimates [3]. - Farnell sales decreased by 10.1% year-over-year but increased by 6.1% sequentially to $366.7 million, exceeding estimates [3]. Regional Sales - Year-over-year sales increased by 13% in Asia to $2.48 billion, while EMEA sales fell by 24.1% to $1.56 billion and Americas sales decreased by 9.2% to $1.27 billion [4]. Margin Analysis - Adjusted operating margin shrank by 70 basis points to 2.9% compared to the previous year [5]. - The Electronic Components adjusted operating margin contracted by 65 basis points to 3.5%, while Farnell's margin declined by 101 basis points to 3% [5]. Balance Sheet and Cash Flow - As of March 29, 2025, cash and cash equivalents were $188.9 million, up from $172.1 million at the end of the previous quarter [6]. - Long-term debt decreased to $2.49 billion from $2.57 billion in the prior quarter [6]. - The company generated $141 million in cash from operating activities during Q3 [6]. Shareholder Returns - Avnet repurchased approximately $101 million worth of shares, representing 2.3% of shares outstanding, and returned $28 million to shareholders in dividends [7]. Q4 Guidance - For Q4 fiscal 2025, Avnet anticipates revenues between $5.15 billion and $5.45 billion, with a midpoint of $5.30 billion, indicating a year-over-year decline of 6.41% [8]. - Expected non-GAAP earnings are projected to be between 65 and 75 cents per share, suggesting a year-over-year decline of 34.6% [9].

Group 1: Earnings Performance - Wesco International reported quarterly earnings of $2.21 per share, missing the Zacks Consensus Estimate of $2.23 per share, and down from $2.30 per share a year ago [1] - The earnings surprise for this quarter was -0.90%, and the company had a previous quarter surprise of -1.86% with actual earnings of $3.16 per share against an expectation of $3.22 [2] - Over the last four quarters, Wesco has surpassed consensus EPS estimates only once [2] Group 2: Revenue Performance - The company posted revenues of $5.34 billion for the quarter, exceeding the Zacks Consensus Estimate by 2.10%, but slightly down from $5.35 billion year-over-year [3] - Wesco has topped consensus revenue estimates three times over the last four quarters [3] Group 3: Stock Performance and Outlook - Wesco International shares have declined approximately 10% since the beginning of the year, compared to a -5.3% decline in the S&P 500 [4] - The company's earnings outlook is mixed, with a current Zacks Rank of 3 (Hold), indicating expected performance in line with the market [7] - The current consensus EPS estimate for the upcoming quarter is $3.40 on revenues of $5.62 billion, and for the current fiscal year, it is $13.25 on revenues of $22.27 billion [8] Group 4: Industry Context - The Electronics - Parts Distribution industry, to which Wesco belongs, is currently in the top 38% of over 250 Zacks industries, suggesting a favorable industry outlook [9]

Core Insights - Avnet reported quarterly earnings of $0.84 per share, exceeding the Zacks Consensus Estimate of $0.72 per share, but down from $1.10 per share a year ago, indicating a 23.64% year-over-year decline [1] - The company achieved revenues of $5.32 billion for the quarter, surpassing the Zacks Consensus Estimate by 0.46%, but down from $5.65 billion year-over-year, reflecting a 5.86% decrease [2] - Avnet has outperformed the S&P 500 year-to-date, with a decline of 2.1% compared to the S&P 500's decline of 5.5% [3] Earnings Performance - The company has surpassed consensus EPS estimates three times over the last four quarters [2] - The earnings surprise for the latest quarter was 16.67%, while the previous quarter saw a slight miss with an actual earnings of $0.87 against an expectation of $0.88, resulting in a surprise of -1.14% [1][2] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.91, with expected revenues of $5.46 billion, and for the current fiscal year, the EPS estimate is $3.41 on revenues of $22.02 billion [7] - The estimate revisions trend for Avnet is mixed, leading to a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Electronics - Parts Distribution industry, to which Avnet belongs, is currently ranked in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Company Overview - Avnet (AVT) shares increased by 11.8% to close at $46.41, following a broader market rally after US President Donald Trump's announcement to pause reciprocal tariffs for 90 days, although a baseline tariff of 10% on imports remains in effect [1] - The company is expected to report quarterly earnings of $0.72 per share, reflecting a year-over-year decline of 34.6%, with revenues projected at $5.29 billion, down 6.4% from the previous year [2] - The consensus EPS estimate for Avnet has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - Avnet operates within the Zacks Electronics - Parts Distribution industry, where another company, Wesco International (WCC), saw a 15.8% increase in its stock price, closing at $153.86, despite a -16% return over the past month [3] - Wesco International's consensus EPS estimate for its upcoming report is $2.23, which is a 3% decrease from the previous year, and it also holds a Zacks Rank of 3 (Hold) [4]