Filing Flows › Avnet (AVT) › Q3 FY25
Avnet (AVT) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 2, 2025
Avnet (AVT) reported revenue of $5.3B for the third quarter fiscal 2025 (Q3 FY25), -6% from a year earlier and -6% from the quarter before. Operating margin was 2.7%, net earnings $87.9M (1.7% of revenue).
Avnet, Q3 FY25: revenue $5.3B (-6% year over year), operating margin 2.7%, net earnings $87.9M, operating cash flow $141M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.3B | -6% | -6% |
| Gross profit | $588M | -1% | -12% |
| Operating profit | $143M | -8% | -25% |
| Net earnings | $87.9M | +0.8% | -1% |
| Operating cash flow | $141M | -58% | -72% |
| Free cash flow | $114M | -63% | -75% |
What changed
Revenue was $5.3B in Q3 FY25, down 6% year over year and down 6% from the previous quarter.
Gross margin was 11.1%, down 0.8 points from a year earlier. Operating profit was $0.14B, a 2.7% margin (down 0.7 points year over year). Operating expenses fell 7% while revenue fell 6%. Net earnings were $0.09B, down 1% year over year. The effective tax rate was -12.5%.
Operating cash flow was $0.14B (down 72% year over year), 160% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.03B left free cash flow of $0.11B.
Questions
What was Avnet's revenue in the third quarter fiscal 2025?
Avnet (AVT) reported revenue of $5.3B for the third quarter fiscal 2025 (Q3 FY25), -6% from a year earlier and -6% from the quarter before.
Was Avnet profitable in the third quarter fiscal 2025?
Operating profit was $143M (2.7% of revenue) and net earnings $87.9M.
Source: Avnet 10-Q on SEC EDGAR.