Avnet Inc Q3 2022 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nikolay Todorov - Longbow Research LLC - Analyst : Congrats on great results. Question on -- I think the acceleration in the March quarter is quite substantial, either sequentially or year-over-year. So it really begs the question, are you seeing any signs of supply loosening? I mean, based on your comments, I don't think so. But how would you explain that acceleration? And maybe similar to how you broke down the impact of pricing on margins, can you give us any sense of how pricing

Question: Nikolay Todorov - Longbow Research LLC - Analyst : Yes, just to kind of follow up again. So is that pricing impact, 6% to 7% first, I'm assuming it's a year-over-year comment. Is that substantially different from what you were seeing in the December quarter? Just again, because judging by the sequential increase in revenue, it implies that you were able to get your hands on a lot more product than you probably anticipated going into the quarter.

Question: Nikolay Todorov - Longbow Research LLC - Analyst : Yes, most definitely. Tom, one question. If we look at the guide sequentially, is there any way you can give us any kind of direction or breakdown, what are the assumptions in terms of impact from China lockdowns and potentially for Maxim? You mentioned that it's -- some of that is starting to tail off as well. Any color or additional would be appreciated.

Question: Nikolay Todorov - Longbow Research LLC - Analyst : Okay. Yes, that does help.