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.

  • March 6, 2020

    PHOENIX--(BUSINESS WIRE)--Due to the disruptions from the outbreak of the coronavirus, COVID-19, Avnet, Inc. (Nasdaq: AVT) today announced that the Company does not expect to meet its fiscal third quarter 2020 guidance provided on January 23, 2020.

    Avnet is continuing to assess the extent of the virus’s impact on its Asia business, while also diligently monitoring how COVID-19 is affecting Avnet’s operations in other geographies.

  • Annual award from Ethisphere Institute recognizes Avnet’s emphasis on leading a purpose-driven business model with integrity

    February 25, 2020

    PHOENIX--(BUSINESS WIRE)--Avnet, a leading global technology solutions provider, has again been recognized by Ethisphere as one of the 2020 World’s Most Ethical Companies, marking the seventh consecutive year of recognition for Avnet. This award, from a global leader in defining and advancing the standards of ethical business practices, honors the company’s consistent commitment to leading with integrity and purpose.

  • Enables applications to be deployed in the field

    February 18, 2020

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced a new, industrial-temperature–grade version of its popular Ultra96 single-board computer for industrial customers. The new board is powered by the Xilinx Zynq UltraScale+ ZU3EG MPSoC, which is ideal for high-performance control and safety-critical applications.

  • Avnet is exclusive distributor of Monarch Go, certified by Verizon

    Agreement covers Sequans' portfolio of IoT chips, modules, and development platform

    February 12, 2020

    Sequans Communications S.A. (NYSE: SQNS) and Avnet (NASDAQ: AVT), a leading global technology solutions provider, today announced a distribution agreement whereby Avnet will promote and sell Sequans’ IoT chips and modules and will exclusively promote and sell Monarch Go, an LTE-M/NB-IoT modem component designed for and certified by Verizon.  Monarch Go enables new IoT devices to launch on Verizon with no additional testing required, significantly reducing time to market.

  • February 7, 2020

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on Feb. 6, 2020, its Board of Directors approved a regular quarterly cash dividend of $.21 per share. The dividend will be paid on March 18, 2020 to shareholders of record as of the close of business on March 4, 2020.

    About Avnet

  • January 30, 2020

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc., (Nasdaq: AVT), a global technology solutions company, today announced that the Company will present at the following conferences in February and March:

  • Quarterly sales and EPS in line with guidance

    Book to bill metrics at quarter end improved across all regions

    January 23, 2020

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced results for its second fiscal quarter ended December 28, 2019.

    Second Quarter Key Financial Highlights:

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

    January 9, 2020

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT) a global technology solutions company, today announced it will report financial results for the second quarter fiscal year 2020 on January 23 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 corporate update.

    Conference Call Details

  • New Partner Program gives developers a place to build and scale IoT solutions

    January 7, 2020

    LAS VEGAS--(BUSINESS WIRE)--At CES 2020, leading global technology solutions provider Avnet (Nasdaq: AVT) is launching a new Partner Program designed to provide developers with a place to build complete IoT solutions, enabling them to scale their business in a quick and cost-effective manner. Using Avnet’s IoTConnect platform, powered by Microsoft’s Azure IoT Suite, developers can seamlessly connect devices that address both the software and hardware

  • January 2, 2020

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc., (Nasdaq: AVT), a global technology solutions company, today announced that the Company will present at the Citi 2020 Global TMT West Conference in Las Vegas on January 8, at 9:30 a.m. local time.

    The presentation will be webcast live on the IR section of the Avnet website at https://ir.avnet.com/events-presentations and will be available for one year.

    About Avnet

  • November 21, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a global technology solutions company, today announced that the Company will participate in the following upcoming investor conferences in December:

  • November 20, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on Nov. 19, 2019, its Board of Directors approved a regular quarterly cash dividend of $.21 per share. The dividend will be paid on December 20, 2019 to shareholders of record as of the close of business on December 4, 2019.

    About Avnet

  • November 19, 2019

    PHOENIX--(BUSINESS WIRE)--Leading global technology solutions provider Avnet (Nasdaq: AVT) today announced that Carlo Bozotti and Adalio T. Sanchez have been elected to the company’s Board of Directors by the shareholders at the 2019 Annual Meeting held on November 19, 2019. Bozotti and Sanchez will serve on both the Audit and Corporate Governance Committees of the Board. In addition, JoAnn Jenkins will serve on both the Compensation and Corporate Governance Committees of the Board.

  • Single board computer is ideal for industrial automation, IoT, AI and multimedia applications

    November 12, 2019

    PHOENIX--(BUSINESS WIRE)--Leading global technology solutions provider Avnet (Nasdaq: AVT) is providing customers with the ability to focus more on the software side of their development by launching MaaXBoard, a low-cost, production-ready qualified single board computer. Based on the NXP i.MX 8M applications processor, MaaXBoard is ideal for embedded computing and applications that leverage AI at the edge. It supports design engineers and end-users seeking to create industrial automation,

  • November 11, 2019

    Leading global technology solutions provider Avnet Asia Pacific has been named the Top 10 International Branded Distributors for the 18th consecutive year by Electronics Supply & Manufacturing-China (ESM-China). The award reaffirms Avnet’s best-in-class supply chain practices and positive contributions to the electronics industry.

  • Powered by Microsoft Azure Sphere, Avnet Guardian 100 enables businesses to quickly and securely connect existing equipment

    November 5, 2019

    PHOENIX--(BUSINESS WIRE)--Leading global technology solutions provider Avnet’s (Nasdaq: AVT) new wireless edge module, Avnet Guardian 100, adds connectivity to existing equipment quickly and securely. Powered by Microsoft Azure Sphere, Avnet Guardian 100 enables enterprise customers to confidently leverage the benefits of IoT to create more efficient operations, achieve greater innovation and create a better customer experience.

  • October 25, 2019

    SINGAPORE, OCTOBER 25, 2019Avnet Asia Pte Ltd today signed a Memorandum of Understanding (MOU) with Infineon Technologies Asia Pacific to jointly support startups and incubators from technology-related sectors in Southeast Asia. Startups and incubators will now be able to access Avnet and Infineon’s expertise, ecosystem, and technological facilities to accelerate the process of bringing their products to market. 

  • First quarter sales and EPS within guidance despite continued macroeconomic headwinds

    Delivered strong cash flow from operations totaling $196 million in the quarter

    October 24, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced results for the first quarter ended September 28, 2019.

    Fiscal First Quarter Key Financials

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

    October 10, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a global technology solutions company, today announced it will report financial results for the first quarter fiscal year 2020 on October 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 1:30 p.m. PDT / 4:30 p.m. EDT to discuss the financial results and provide a corporate update.

    Conference Call Details

  • Launches new Avnet Super Store on B2B e-commerce platform 1688.com and offers Alibaba Cloud-enabled Raspberry Pi product

    September 24, 2019

    PHOENIX & HANGZHOU, China--(BUSINESS WIRE)--Leading global technology solutions provider Avnet (Nasdaq: AVT) has launched an Avnet Super Store on Alibaba Group’s China-focused B2B purchasing and wholesale marketplace, 1688.com, through an alliance with Alibaba Group, one of the world’s largest e-commerce companies. The companies announced the alliance, which brings together two established sources of technology innovation, on stage today during Alibaba’s Apsara Conference in Hangzhou’s

  • Acquisition strengthens software and IoT capabilities at device level

    September 17, 2019

    PHOENIX--(BUSINESS WIRE)--Leading global technology solutions provider Avnet (Nasdaq: AVT) has signed an agreement to acquire Witekio (formerly known as Adeneo Embedded). Witekio is a privately held company with expertise in software and embedded systems that helps developers overcome the technical challenges and complexity of developing Internet of Things (IoT) solutions.

  • Relationship reinforces Avnet strategy to streamline and scale IoT security

    September 10, 2019

    PHOENIX--(BUSINESS WIRE)--Leading global technology solutions provider Avnet (Nasdaq: AVT) has entered into a strategic alliance with Trusted Objects, a software company specializing in the Internet of Things (IoT) security, to bring to market a scalable end-to-end security solution for low-power IoT devices. The relationship provides IoT customers with the ability to comprehensively secure their devices while speeding time to market, reducing costs and managing complexity.

  • Integrated kit harnesses the Xilinx Zynq UltraScale+ RFSoC and MATLAB to provide a seamless, easy-to-use platform for developing best-in-class wireless solutions

    September 4, 2019

    PHOENIX--(BUSINESS WIRE)--Leading global technology solutions provider Avnet (Nasdaq: AVT) today announced the availability of the Avnet RFSoC Development Kit using the Zynq UltraScale+ from Xilinx, Inc., enabling system architects to explore the entire signal chain from antenna to digital. Using MATLAB® and Simulink® from MathWorks, and RF components from Qorvo, the kit enables users to quickly deploy systems for 5G wireless communication, including for aerospace and defense uses, by

  • August 28, 2019

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

  • Designation of McKemy Distribution Center increases global logistics flexibility and efficiency for customers

    August 21, 2019

    PHOENIX--(BUSINESS WIRE)--Leading global technology solutions provider Avnet (Nasdaq: AVT) has secured Foreign-Trade Zone authorization from the United States Bureau of Customs and Border Protection (CBP) for its McKemy Distribution Center in Chandler, Ariz. The designation reduces tariff recovery fees for its international customers as well as for domestic customers shipping abroad. Foreign-Trade Zone authorization also increases the company’s global logistics efficiency and improves its cash