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AI brief of an SEC Form 8-K · Avnet (AVT)

Avnet Q1 sales fall 11.6% to $5.6 billion; diluted EPS drops to $0.66 from $2.25

Negative Impact 4 of 5 earnings Written later

Avnet reported first-quarter fiscal 2025 results with sales down 11.6% year over year and diluted EPS of $0.66, versus $2.25 a year earlier. Adjusted diluted EPS was $0.92, down from $1.61, and management said sales and earnings exceeded the upper end of its guidance range. Second-quarter guidance of $0.80 to $0.90 adjusted EPS sits below the first-quarter adjusted result.

Key points

  • Sales were $5.6 billion, down from $6.3 billion, with Farnell operating margin at 0.5% versus 4.2% a year earlier.
  • GAAP diluted EPS was $0.66 versus $2.25; adjusted diluted EPS was $0.92 versus $1.61.
  • Q2 fiscal 2025 guidance (ending December 28, 2024) calls for sales of $5.40 billion to $5.70 billion and adjusted diluted EPS of $0.80 to $0.90.

The filing

CompanyAvnet (AVT)
Form8-K, current report
Filed with the SECOct 30, 2024, 8:05 AM ET
Accession number0000008858-24-000039

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:59 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.