Avnet is trading at $84.10, down 5.22%, after reversing an initial post-report gain; available reporting does not establish why. - Fiscal Q1 sales reached $10.7 billion and adjusted EPS was $3.63, both above analyst estimates; Q2 revenue and adjusted EPS guidance also exceeded consensus. - Avnet cited strong demand, including in industrial, aerospace, and AI data-center applications. - Semiconductor shares and major U.S. indices were rising, so those trends do not explain Avnet’s decline.