Have you looked into how Avnet (AVT) performed internationally during the quarter ending September 2024? Considering the widespread global presence of this distributor of electronic components, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth.

In today's increasingly interconnected global economy, a company's ability to tap into international markets can be a pivotal factor in shaping its overall financial health and growth trajectory. For investors, understanding a company's reliance on overseas markets has become increasingly crucial, as it offers insights into the company's sustainability of earnings, ability to tap into diverse economic cycles and overall growth potential.

International market involvement serves as insurance against economic downturns at home and enables engagement with economies that are growing more quickly. Still, this move toward diversification is not without its challenges, as it involves navigating through the fluctuations of currencies, geopolitical threats, and the distinctive nature of various markets.

While analyzing AVT's performance for the last quarter, we found some intriguing trends in revenues from its overseas segments that Wall Street analysts commonly model and monitor.

The company's total revenue for the quarter stood at $5.6 billion, declining 11.6% year over year. Now, let's delve into AVT's international revenue breakdown to gain insights into the significance of its operations beyond home turf.

Unveiling Trends in AVT's International Revenues

Of the total revenue, $2.61 billion came from Asia during the last fiscal quarter, accounting for 46.50%. This represented a surprise of +21.28% as analysts had expected the region to contribute $2.15 billion to the total revenue. In comparison, the region contributed $2.29 billion, or 41.15%, and $2.45 billion, or 38.73%, to total revenue in the previous and year-ago quarters, respectively.

EMEA accounted for 29.77% of the company's total revenue during the quarter, translating to $1.67 billion. Revenues from this region represented a surprise of -12.61%, with Wall Street analysts collectively expecting $1.91 billion. When compared to the preceding quarter and the same quarter in the previous year, EMEA contributed $1.92 billion (34.52%) and $2.31 billion (36.43%) to the total revenue, respectively.

Revenue Projections for Overseas Markets

The current fiscal quarter's total revenue for Avnet, as projected by Wall Street analysts, is expected to reach $5.55 billion, reflecting a decline of 10.5% from the same quarter last year. The breakdown of this revenue by foreign region is as follows: Asia is anticipated to contribute 39.6% or $2.2 billion and EMEA 34.7% or $1.92 billion.