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 Marks Community Milestones

    Hackster.io reaches one million members and element14 celebrates 10th anniversary, highlighting Avnet’s growing community of professional engineers, entrepreneurs and startups

    July 23, 2019

    Avnet (Nasdaq: AVT) today announced that Hackster.io and element14 continue to achieve impressive growth, and have achieved two milestones: Hackster has surpassed one million members and element14 celebrated its 10th anniversary. Together Hackster and element14 comprise the world’s largest collaborative network of engineers, entrepreneurs and developers who learn by engaging each other on ideas, new products, discussion groups and other useful online resources.

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  • Photo of Prince Yun, Avnet President of Asia Pacific
    Avnet Appoints Prince Yun to President of Asia Pacific
    July 22, 2019

    Avnet Asia Pacific, a leading global technology solutions provider, today announced the promotion of Prince Yun to president of Avnet Asia Pacific. Yun reports to Phil Gallagher, global president of electronic components at Avnet. Most recently, Yun was sales president for Avnet Asia. 

    In this new role, Yun will lead Avnet’s multi-billion dollar business in Asia Pacific. He will be responsible for the region’s sales, supplier relationships, product marketing and business operations.

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  • Avnet Promotes Max Chan to Chief Information Officer
    July 18, 2019

    Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced the promotion of Max Chan to Chief Information Officer (CIO), reporting to MaryAnn Miller, Chief Administrative Officer. Chan has been serving as the head of global information solutions (GIS) within Avnet since November 2018.

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  • Avnet Advances IoT Security with Microsoft Azure Sphere Developer Resources

    Giving away 20,000 free starter kits to help developers build secure IoT devices

    July 17, 2019

    Security has become the biggest challenge for IoT development, with 8 out of 10 developers identifying it as their biggest hurdle. To help developers create highly secure, end-to-end IoT solutions, leading global technology solutions provider Avnet (Nasdaq: AVT) is giving away 20,000 free Azure Sphere starter kits. Additionally, developers will have access to a series of resources including webinars, lectures, road tests and design contests hosted by Avnet -- as part of Avnet’s ongoing

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  • Avnet Names Pete Bartolotta to President of Business Transformation

    New role will drive growth for key technology focus areas and accelerate Avnet’s IoT strategy with new customers around the world

    July 10, 2019

    PHOENIX--(BUSINESS WIRE)-- Avnet (Nasdaq: AVT ), a leading global technology solutions provider, today named Pete Bartolotta to President, Business Transformation, reporting to CEO Bill Amelio . Bartolotta has held the position of Chief Transformation Officer since joining Avnet in 2016.

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  • Avnet Announces New Chief Marketing Officer

    Jessica Daughetee promoted to lead Avnet’s Global Marketing Organization

    June 26, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced the internal promotion of Jessica Daughetee to chief marketing officer (CMO), reporting to MaryAnn Miller, chief administrative officer (CAO). Ms. Daughetee most recently served as vice president of global content, marketing and media.

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  • Avnet Brings Intelligent IoT Solutions to the New Era of Intelligent Connectivity at MWC Shanghai 2019
    June 25, 2019

    Avnet Asia Pacific is showcasing its innovative Internet of Things (IoT) solutions and applications at MWC Shanghai 2019 from June 26-28, ranging from hardware to software-to-cloud connectivity solutions that enable the development of IoT applications. With its comprehensive suite of IoT services and technologies, Avnet helps its customers realize IoT business opportunities in this new era of intelligent connectivity.

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  • Avnet Named to Supply & Demand Chain Executive’s 100 Top Supply Chain Transformations for 2019
    June 25, 2019

    PHOENIX--(BUSINESS WIRE)--Bringing a technology product to market today requires more than just an innovative idea. It takes a team of experts to navigate the complexities of the product lifecycle and the global supply chain efficiently and cost-effectively. As a testament to its supply chain expertise and pioneering implementation of advanced digital technologies and processes, leading global technology solutions provider Avnet (Nasdaq: AVT) has been awarded the 2019 SDCE 100 Award by Supply

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  • Avnet Accelerates Product Innovation with Testing as a Service (TAAS)

    Reduces time, cost and complexity of bringing new products to market

    May 29, 2019

    Avnet Asia Pacific is extending its Testing as a Service (TAAS) to Southeast Asia customers to help accelerate design cycles and speed time to market. TAAS is a combination of Avnet’s engineering expertise and design chain capabilities. It provides additional value to customers by offering a wide range of testing services for electronic designs through Avnet’s extensive network of specialized labs and testing facilities across major markets in Asia. Previously the service was only available in

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  • Avnet to Participate in Investment Banking Conferences in June
    May 29, 2019

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

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  • Avnet Adds Resources for Developing AI and IoT Projects on Ultra96 Platform

    New technical training series and expansion boards support Xilinx-powered industrial-grade development

    May 29, 2019

    PHOENIX--(BUSINESS WIRE)--Bringing a product to life, especially when prototyping, requires many types of tools and support. For engineers already leveraging the new Ultra96-V2 development board to jumpstart their Artificial Intelligence (AI) and Internet of Things (IoT) applications, global technology solutions provider Avnet (Nasdaq: AVT) now has even more resources available, including technical training and add-on boards.

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  • Avnet Declares Regular Quarterly Dividend
    May 21, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that on May 20, 2019, its Board of Directors declared a regular quarterly cash dividend of $0.20 per share. The dividend will be paid on June 19, 2019 to shareholders of record as of the close of business on June 5, 2019.

    About Avnet

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  • Avnet’s Nicole Enright Named among Top 50 Most Powerful Women in Technology
    May 1, 2019

    PHOENIX--(BUSINESS WIRE)--Leading an enterprise-wide transformation requires executives who embrace change as much as they understand their business. Exemplifying this commitment is Nicole Enright of global technology solutions company Avnet (Nasdaq: AVT), who has been named to the National Diversity Council’s 2019 list of 50 Most Powerful Women in Technology.

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  • Avnet Reports Third Quarter Fiscal 2019 Financial Results

    Avnet's ecosystem continues to drive transformation as higher margin businesses improve GAAP operating income margin to 3.3%; Adjusted operating income margin increased from 3.6% to 3.8% YoY

    GAAP diluted EPS of $0.87; Adjusted diluted EPS of $1.09, up 6.9% YoY

    April 25, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced results for the third fiscal quarter ended March 30, 2019.

    Third Quarter Key Financial Highlights

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  • Avnet to Report Third Quarter Fiscal Year 2019 Earnings on April 25

    Conference call and webcast to follow at 1:30 p.m. PDT / 4:30 p.m. EDT

    April 10, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a global technology solutions provider, today announced it will report financial results for the third quarter fiscal year 2019 on April 25 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 1:30 p.m. AZ/PDT and 4:30 p.m. EDT to discuss the financial results and provide

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  • New Financial Service Offers Software Companies a Simpler, More Profitable Path to Market

    Avnet Direct Connect allows companies to maximize financial performance while delivering software applications on validated hardware platforms

    April 10, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet Direct Connect, a financial service from global technology solutions provider Avnet (Nasdaq: AVT), gives software and original equipment manufacturer (OEM) customers the ability to deploy their applications on validated hardware solutions faster, easier and more profitably. Hardware can often stretch software companies’ finances and resources, especially those that need to focus primarily on software intellectual

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  • Avnet to Showcase Connected IoT Ecosystem at Japan IT Week 2019

    Avnet to exhibit latest end-to-end IoT solutions to simplify IoT development and deployment

    April 4, 2019

    Avnet, a leading global technology solutions provider, will showcase the latest Internet of Things (IoT) solutions at the IoT/M2M Expo of “Japan IT Week 2019” in Tokyo. During the three-day event from April 10-12, Avnet will introduce smart, market-ready IoT solutions that simplify IoT complexities for customers to reduce time to market, provide artificial intelligence (AI) at the edge, as well as edge-to-cloud solutions for applications that require secure connectivity.

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  • Avnet Introduces Ultra96-V2 Development Board

    Updated board includes new features for industrial applications and wider market reach

    March 27, 2019

    PHOENIX--(BUSINESS WIRE)--Just one year after introducing its successful Ultra96 development board, Avnet (Nasdaq: AVT), a leading global technology solutions provider, has released the new Ultra96-V2 to power industrial-grade Artificial Intelligence (AI) and Internet of Things (IoT) applications. Complete with an updated radio module that enables engineers to extend their reach into new markets, Avnet’s Ultra96-V2 is an ideal platform for smart

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  • Avnet Leads Industry by Accepting Cryptocurrency

    Digital payment option adds flexibility for customers bringing new technology to market

    March 19, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions company, is working with BitPay, the largest global blockchain payment provider, to accept cryptocurrency for products and services. Today’s developers are looking for flexibility as they take their products to market, and this announcement provides our customers with more convenient ways to complete their financial transactions.

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  • Avnet Named One of the World’s Most Ethical Companies for Sixth Straight Year

    Ethisphere Institute honors Avnet for its global leadership and commitment to integrity

    February 26, 2019

    PHOENIX--(BUSINESS WIRE)--Business growth thrives in environments where leadership clearly and consistently focuses on guiding with purpose and integrity. For its continued commitment to these core values, Avnet (Nasdaq: AVT), a leading global technology solutions provider, has been recognized as one of the 2019 World’s Most Ethical Companies by the Ethisphere® Institute, a global leader in defining and advancing the standards of ethical

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  • Avnet Supply Chain Director Robert Cowan Named Supply & Demand Chain Executive 2019 ‘Pro to Know’
    February 25, 2019

    PHOENIX--(BUSINESS WIRE)--Navigating the global supply chain requires dedicated experts who understand the complexities of ensuring products get to where they need to be, when they need to be there. Underscoring its commitment to delivering supply chain expertise to its customers, global technology solutions company Avnet (Nasdaq: AVT) today announced Robert Cowan has been named a 2019 Pro to Know by Supply & Demand Chain Executive magazine.

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  • Avnet Announces First Solution with LTE-M Connectivity that Provides AI and Security at the Edge

    Combines Avnet’s SmartEdge Agile IoT device with Octonion’s Brainium software platform and Sequans’ Monarch chipset to enable plug and play connectivity solutions for IoT

    February 25, 2019

    BARCELONA, Spain--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, and Octonion, an Intelligent Edge IoT software provider, have teamed up with Orange, a mobile network operator, to launch a customized yet also modular ‘plug and play’ Avnet SmartEdge Agile IoT device using Octonion’s Brainium meta-sensing artificial intelligence (AI) software, designed specifically for the LTE-M network.

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  • Avnet to Participate in Raymond James & Associates’ 40th Annual Institutional Investors Conference
    February 20, 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 Announces Executive Promotions

    MaryAnn Miller and Ken Arnold take on new roles in Avnet’s Leadership Team

    February 19, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions company, today announced two significant leadership promotions.

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  • 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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