Filing Flows › Avnet (AVT) › Q4 FY25
Avnet (AVT) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed Aug 15, 2025
Avnet (AVT) reported revenue of $5.6B for the fourth quarter fiscal 2025 (Q4 FY25), +1% from a year earlier and +6% from the quarter before. Operating margin was 1.3%, net earnings $6.1M (0.1% of revenue).
Avnet, Q4 FY25: revenue $5.6B (+1% year over year), operating margin 1.3%, net earnings $6.1M, operating cash flow $139M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $5.6B | +6% | +1% |
| Gross profit | $594M | +1% | -8% |
| Operating profit | $73.5M | -49% | -55% |
| Net earnings | $6.1M | -93% | -93% |
| Operating cash flow | $139M | -1% | -49% |
| Free cash flow | $79.9M | -30% | -68% |
What changed
Revenue was $5.6B in Q4 FY25, up 1% year over year and up 6% from the previous quarter.
Gross margin was 10.6%, down 1.0 points from a year earlier. Operating profit was $0.07B, a 1.3% margin (down 1.6 points year over year). Operating profit fell $0.09B even though revenue rose $0.05B versus a year earlier, so costs grew faster than sales. Operating expenses grew 9% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+143%). Net earnings were $0.01B, down 93% year over year. The effective tax rate was 17.8%.
Operating cash flow was $0.14B (down 49% year over year), 2291% 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 $0.11B. Capital expenditures of $0.06B left free cash flow of $0.08B.
Questions
What was Avnet's revenue in the fourth quarter fiscal 2025?
Avnet (AVT) reported revenue of $5.6B for the fourth quarter fiscal 2025 (Q4 FY25), +1% from a year earlier and +6% from the quarter before.
Was Avnet profitable in the fourth quarter fiscal 2025?
Operating profit was $73.5M (1.3% of revenue) and net earnings $6.1M.
Source: Avnet 10-K on SEC EDGAR.