Avnet(US:AVT)2025-08-06 16:00Financial Performance - Avnet's Q4 FY25 revenue reached $5.62 billion, a 1% year-over-year increase[13] - The adjusted diluted EPS for Q4 FY25 was $0.81, a 34% decrease year-over-year[20] - Adjusted operating income for Avnet in Q4 FY25 was $143 million, a 26% decrease year-over-year, with an adjusted operating margin of 2.5%, down 94 bps[18] - Gross margin was 10.6% in Q4, influenced by a sales mix shift towards Asia[14] - SG&A expenses were $451 million, remaining relatively flat year-over-year but increasing 4% quarter-over-quarter due to foreign exchange impacts[14] Regional Performance - Asia experienced year-over-year growth, offsetting declines in EMEA and the Americas[8] - Asia's revenue was $2.691 billion, an 18% increase as reported and a 17% increase in constant currency[13] - Americas revenue was $1.327 billion, a 2% decrease as reported and in constant currency[13] - EMEA revenue was $1.600 billion, a 17% decrease as reported and a 21% decrease in constant currency[13] Balance Sheet and Liquidity - Inventory was $5.2 billion, a $35 million decrease quarter-over-quarter as reported, and a $185 million decrease excluding foreign exchange impacts[22] - The company returned $28 million to shareholders through a dividend of $0.33 per share[22] Outlook for Q1 FY26 - Avnet projects sales between $5.55 billion and $5.85 billion, with a midpoint of $5.70 billion, implying a 2% sequential sales growth[23, 24] - The company anticipates adjusted diluted EPS between $0.75 and $0.85, with a midpoint of $0.80[23]