Avnet (AVT) Reports Strong Sales Growth in Asia

By Chris Stiles • Wednesday, January 28 11:50 • Permanent Link

Avnet, Inc. (NASDAQ: AVT) has reported its financial results for the second quarter ended December 27, 2025. The company achieved year-over-year and quarter-over-quarter sales growth across all regions, with Asia leading the way. Here are the key financial highlights:

Sales for the quarter amounted to $6.3 billion, marking the sixth consecutive quarter of year-over-year sales growth in Asia with record revenues of $3.2 billion.
Diluted earnings per share (EPS) stood at $0.75, while adjusted diluted EPS was reported at $1.05, reflecting a nearly four times greater growth than sales sequentially.
Operating income margin was 2.3%, while the adjusted operating income margin was 2.7%, with both EC and Farnell operating margins showing sequential improvement.
The company generated $208 million of cash flow from operations and returned $28 million to shareholders in dividends.
Avnet reduced inventories by $126 million, bringing the days of inventory down to 86 days in the quarter, with days of inventory in the EC business below 80 days.

In terms of specific financial metrics, the following changes were observed:

Sales for the Electronic Components (EC) segment were $5,891.9 million, representing a 10.8% year-over-year increase.
Farnell sales reached $427.1 million, marking a substantial 23.6% year-over-year growth.
Sales in the Americas amounted to $1,435.3 million, indicating a 4.9% year-over-year increase.
EMEA sales totaled $1,714.0 million, reflecting an 8.3% year-over-year growth.
Asia sales were $3,169.7 million, showing a significant 16.9% year-over-year increase.

Looking ahead, Avnet provided guidance for the third quarter of fiscal 2026 ending on March 28, 2026, with a sales range of $6.20 billion to $6.50 billion and an adjusted diluted EPS range of $1.20 to $1.30. The company's outlook implies better-than-typical sequential sales growth of approximately 1% at the midpoint.

As a result of these announcements, the company's shares have moved -0.68% on the market, and are now trading at a price of $50.81. For more information, read the company's full 8-K submission here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.