Newsroom

Press Releases

In this section of the Avnet Newsroom, you'll find our press releases listed in chronological order and archived by year. Organize press releases with the dropdown menu or try the "Search terms" feature to search by keyword, date range and more.

  • Avnet to Participate in the Goldman Sachs Technology and Internet Conference

    Avnet presentation time revised to 2:40 p.m. PST

    February 8, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, advised today that the time slot for the Company’s presentation at the Goldman Sachs Technology and Internet Conference next week has changed. The fireside chat to be presented by Avnet Chief Executive Officer Bill Amelio and Chief Financial Officer Tom Liguori now starts at 2:40 p.m. PST on Tuesday, February 12. The segment will be webcast live at

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  • Avnet Declares Regular Quarterly Dividend
    February 8, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that on February 7, 2019, its Board of Directors declared a regular quarterly cash dividend of $0.20 per share. The dividend will be paid on March 26, 2019 to shareholders of record as of the close of business on March 12, 2019.

    About Avnet

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  • Avnet Awards Strella Biotechnology $100,000 as Winner of ASU Innovation Open

    Third annual competition recognizes forward-thinking IoT technologies by student engineers

    February 4, 2019

    PHOENIX--(BUSINESS WIRE)--The future of innovation is stronger than ever, and companies are continuously embracing creativity and supporting newfound ideas. In line with this trend, Avnet (Nasdaq: AVT), a leading global technology solutions company, and Arizona State University’s Ira A. Fulton Schools of Engineering, today awarded Strella Biotechnology with $100,000 as the winning team of the third annual ASU Innovation Open (ASUio), held at ASU

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  • Avnet to Participate in the Goldman Sachs Technology and Internet Conference in February
    January 29, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that the Company will participate in an upcoming financial conference.

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  • Avnet Reports Second Quarter Fiscal 2019 Financial Results

    Quarterly sales grew 12% year over year to $5.05 billion; GAAP diluted EPS of $0.33 decreased 30%; Adjusted diluted EPS of $1.04 rose 33%

    January 24, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced results for the second quarter ended December 29, 2018.

    Second Quarter Key Financial Highlights

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  • Avnet Named to FORTUNE’s “Most Admired Companies”

    Industry recognition affirms Avnet’s commitment to growth and transformation

    January 22, 2019

    PHOENIX--(BUSINESS WIRE)--FORTUNE magazine today named Avnet (Nasdaq: AVT) among the “World’s Most Admired Companies” for 2019. This marks the 14th time the global technology solutions provider has been recognized by FORTUNE for its strong reputation. Based on a survey of executives, directors and analysts, Avnet ranks among the most admired companies in the category of “Wholesalers: Electronics and Office Equipment.”

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  • Avnet Journal Kicks off 2019 with Expert Insights on Navigating Supply Chain Volatility
    January 14, 2019

    January 14, 2019 – Avnet (Nasdaq: AVT), a leading global technology solutions provider, today released the January 2019 issue of Supply Chain Navigator. The issue offers a glimpse into some of the operational strategies and technology implementations leading supply chain organizations are leveraging to build the financial and foundational strength needed to enable businesses to innovate and grow amid increasingly unpredictable economic conditions. 

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  • Avnet to Report Second Quarter Fiscal Year 2019 Earnings on January 24

    Conference call and webcast to follow at 2:30 p.m. MST / 4:30 p.m. EST

    January 10, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2019 on January 24 after market close. Following the earnings release, Avnet Chief Executive Officer Bill Amelio and Avnet Chief Financial Officer Tom Liguori will host a webcast and conference call at 2:30 p.m. MST / 4:30 p.m. EST to discuss the financial results and provide a

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  • Security Comes Full Circle: Avnet Advances IoT Security with Azure Sphere Starter Kit

    New kit accelerates rapid prototyping by giving developers easy access to the fastest and easiest way to equip IoT endpoint devices to be highly secure

    January 7, 2019

    PHOENIX--(BUSINESS WIRE)--Security is the biggest challenge to developers bringing new IoT endpoint devices to market. To meet this need, leading global technology solutions provider, Avnet (Nasdaq: AVT) today introduced the Avnet Azure Sphere MT3620 Starter Kit, which supports rapid prototyping of IoT implementations using Microsoft’s Azure Sphere, an end-to-end solution for creating highly-secured, connected Microcontroller (MCU) devices.

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  • Avnet Accelerates IoT Innovation at CES 2019

    New IoT and AI technology enables rapid prototyping and security at the edge; Music: Not Impossible demonstrates the power of IoT solutions and services

    January 3, 2019

    PHOENIX--(BUSINESS WIRE)--Through a combination of unique hardware, software and cloud connectivity solutions, Avnet (Nasdaq: AVT) will bring Internet of Things (IoT) technology to life during CES 2019.

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  • Survey of Product Developers Reveals Increasing Importance of IoT in Bringing New Technologies to Market

    Partnerships help developers advance their innovations; security remains top challenge to IoT deployment

    December 19, 2018

    PHOENIX--(BUSINESS WIRE)--Internet of Things (IoT) and sensor technology experienced remarkable double-digit growth in 2018, yet security for IoT continues to be the greatest challenge for electronic product developers to overcome, according to new research from Avnet (Nasdaq: AVT), a leading global technology solutions provider.

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  • Avnet Extends Samtec Franchise to Include Asia

    Broadens global customer access and support to interconnect products

    December 18, 2018

    PHOENIX & NEW ALBANY, Ind.--(BUSINESS WIRE)--Building on their existing partnership, Avnet (Nasdaq: AVT), a leading global technology solutions provider, and Samtec, a privately held global manufacturer of a broad line of electronic interconnect solutions, today announced an extension of their distribution agreement. Avnet customers in Asia Pacific and Japan now have access to Samtec’s full product portfolio.

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  • Avnet to Acquire Softweb Solutions; Adds Software and Artificial Intelligence to Ecosystem and Bolsters IoT Capabilities

    Positions Avnet as the premier provider for AI, IoT and digital data platform solutions

    December 12, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced that it will acquire Softweb Solutions, Inc., a privately held software and Artificial Intelligence (AI) company that delivers innovative software solutions for Internet of Things (IoT) applications and systems designed to increase efficiency, speed time to market, and help businesses transform.

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  • Avnet Introduces New Development Platform for Custom LCD Display Solutions

    SimplePlus significantly reduces product development cycle

    December 11, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced the release of SimplePlus Display Solutions globally. SimplePlus is a unique platform that simplifies the process of customizing LCD touch display solutions for applications spanning markets which include industrial automation, medical, transportation, and more. No matter the application, SimplePlus provides the ability to meet user experience

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  • photo of Avnet and Nexperia leadership teams
    Nexperia and Avnet Celebrate 50 Years of Success

    Two industry leaders deliver performance and quality

    December 11, 2018

    Nexperia, the global leader in discretes, logic and MOSFET devices, and global technology solutions provider Avnet, which supports customers from idea to design and from prototype to production, today announce celebrating a half century of successfully working together with strong results.

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  • Avnet to Participate in the Raymond James Technology Investors Conference and the Wells Fargo Tech Summit 2018 in December
    November 30, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that the Company will participate in two upcoming financial conferences.

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  • Photo of Avnet receiving “Best Companies to Work for in Asia 2018 – Singapore
    Avnet Commended as One of the Best Companies to Work for in Asia

    Avnet wins HR Asia’s award for “Best Companies to Work for in Asia 2018 – Singapore”

    November 28, 2018

    Avnet Asia Pte Ltd has been named one of the Best Companies to Work for in Asia – Singapore. This award marks the third accolade Avnet has received in the past six months for its exemplary workplace practices, having won the Great Place to WorkTM Certification 2018 awarded by The Great Place to Work® Institute in India in September, and the HR Asia Awards in Taiwan in June.

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  • Avnet Declares Regular Quarterly Dividend
    November 19, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that on November 16, 2018, its Board of Directors declared a regular quarterly cash dividend of $0.20 per share. The dividend will be paid on December 19, 2018 to shareholders of record as of the close of business on December 5, 2018.

    About Avnet

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  • Avnet Announces Changes to its Board of Directors

    Rodney Adkins Elected Chairman; Veronica Biggins Retires; Brenda Freeman Joins Board

    November 16, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, announced several changes to the Company’s Board of Directors. Rodney C. Adkins has been elected as Chairman of the Board. Adkins has been a board member since 2015. He succeeds William H. Schumann III, who has served as Chairman since 2012, been a director since 2010, and will remain on the Board of Directors. Brenda Freeman has been elected to the

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  • Photo of Mr. Ken Lee, Senior Sales Director, Avnet China, on stage accepting the
    Avnet Named Top 10 International Branded Distributor for 17th Year
    November 13, 2018

    For its outstanding performance and positive contributions to China's electronics industry, Avnet Asia Pacific has once again been named a Top 10 International Branded Distributor by ASPENCORE’s Electronics Supply & Manufacturing-China (ESM-China). This year marks the 17th consecutive year that the global technology solutions company received this award. 

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  • Avnet and Octonion Working to Deliver AI and Security at the Edge

    Designing products to speed IoT development

    November 12, 2018

    PHOENIX--(BUSINESS WIRE)--Success in today’s Internet of Things (IoT) marketplace requires unique combinations of hardware, software and security delivered in a timely manner to solve complex technical requirements. Now entrepreneurs and creators can expect to have a new solution that leverages Artificial Intelligence (AI) to help speed the development process through a new product being developed by Avnet (Nasdaq: AVT), a leading global

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  • Avnet to Participate in UBS Global Technology Conference
    November 1, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that the Company will participate in the UBS Global Technology Conference which will be held at The Ritz-Carlton in San Francisco on Monday, November 12.

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  • Avnet Reports First Quarter Fiscal 2019 Financial Results

    First quarter sales rose 9.2 percent year over year

    GAAP diluted EPS rose 53 percent to $0.72; adjusted diluted EPS rose 36 percent to $1.03

    October 25, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced results for the first quarter ended September 29, 2018.

    First Quarter Key Financial Highlights

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  • Avnet Showcases the Future of Smart Solutions at Korea Electronics Show 2018

    Demonstrating industry-leading IoT-based solutions through six smart technology zones

    October 23, 2018

    Global technology solutions company Avnet Asia Pacific will showcase the future of smart Internet of Things (IoT) solutions at the Korea Electronics Show (KES) 2018 in Seoul. From October 24-27, Avnet’s booth at KES 2018 will display Avnet’s six smart technology zones plus Microsoft Azure Sphere, a new solution that helps connect and secure IoT devices. 

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  • New IoT Readiness Workshops from Avnet Simplify IoT Deployment

    Workshops provide step-by-step guidance on developing strategic IoT implementations

    October 17, 2018

    PHOENIX--(BUSINESS WIRE)--Implementing Internet of Things (IoT) projects can seem daunting, but it doesn’t have to be. Beginning this month, a new series of IoT Readiness Workshops from Avnet (Nasdaq: AVT), a leading global technology solutions provider, will prepare digital transformation teams to effectively deploy IoT projects in their organizations.

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