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.

  • Visionary student ventures from across the country are invited to compete for a $100,000 grand prize to further their new technology innovations

    September 13, 2018

    Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that in partnership with Arizona State University (ASU) and the Ira A. Fulton Schools of Engineering, applications are now being accepted for the 2019 ASU Innovation Open (ASUio), a multi-round competition that supports student ventures from across the United States in driving technology innovation and entrepreneurship.

  • Utilizing Ethernet PHYs from Microchip, new module accelerates development of Industrial IoT

    September 11, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today introduced the Avnet Network FMC Module, offering designers of emerging industrial Internet of Things (IoT) applications industry-leading Gigabit Ethernet switching at less than half the cost of devices currently available on the market.

  • September 5, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a global technology solutions company, today announced the new Multi-Camera FMC Module, an UltraZed-compatible device designed to help engineers more quickly and efficiently develop custom video systems using Xilinx MPSoCs, and in turn, allows customers to immediately start development of their vision applications.

  • August 29, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that the Board of Directors approved an expansion of the company’s current share repurchase authorization by $500 million. Avnet now has $722 million available for share repurchases when combined with prior authorizations.

  • August 28, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that Jo Ann Jenkins has been appointed to the company's board of directors. She will also serve on the audit and corporate governance committees.

    Jenkins is currently CEO of AARP, the world’s largest non-profit, non-partisan member organization. She joined AARP in June 2010 and has been leading it as CEO since September 2014

  • August 22, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today announced that two of its senior executives will participate in the Citi 2018 Global Technology Conference and the Deutsche Bank 2018 Technology Conference, both of which will take place in September.

  • Global rollout of new SOM and Carrier Card will accelerate embedded vision designs

    August 22, 2018

    PHOENIX--(BUSINESS WIRE)--Avnet (Nasdaq: AVT), a leading global technology solutions provider, today released the UltraZed-EV Starter Kit, providing designers with the core tools necessary to shape the future of advanced embedded vision design and turn their ideas into reality. By bundling the new UltraZed-EV System on Module (SOM) and Carrier Card, Avnet has created a complete platform for prototyping and evaluating embedded video processing

  • Fourth quarter sales rose 10 percent year over year

    Transformation delivered cash flow from operations of $236 million, the highest in five years

    August 8, 2018

    Avnet, Inc. (Nasdaq: AVT) today announced results for the fourth quarter and fiscal year ended June 30, 2018.

    Fourth Quarter Key Financial Highlights

  • Named Global Distribution Partner for Microsemi Portfolio

    July 31, 2018

    Avnet (Nasdaq: AVT), a leading global technology company, has been named a global distribution partner for Microsemi Corporation, a wholly owned subsidiary of Microchip Technology, Inc. As an extension of Avnet’s multiyear relationship with Microchip Technology, Inc. (Nasdaq: MCHP), Avnet customers now have immediate access to the complete Microsemi portfolio of semiconductor and system solutions for aerospace and defense, communications

  • Conference call and webcast to follow at 1:30 pm PDT / 4:30 pm EDT

    July 25, 2018

    Avnet (NASDAQ: AVT), a global technology company, today announced it will report financial results for the fourth quarter and fiscal year ended June 30, 2018, on August 8 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

  • July 2, 2018

    Avnet (NASDAQ: AVT), a leading global technology distributor, announced today that it will begin to offer ParceLive, a real-time shipment tracking system, on a global basis to its customer base. The ParceLive service was developed by Hanhaa, a UK-based IoT innovator.

  • June 27, 2018

    Demonstrating its continued expertise in developing and managing strategic, value-enhancing supply chain solutions, Avnet (Nasdaq: AVT), a leading global technology company, has been recognized by research and advisory firm Gartner, Inc. as a high-tech supply chain organization.

  • June 13, 2018

    Avnet (Nasdaq: AVT), a leading global technology company, today announced that Tony Roybal has been named regional president, Americas electronic components for Avnet, reporting to Phil Gallagher, senior vice president and global president, electronic components.

    In his new role, Roybal will oversee all activities related to Avnet’s electronic components business in the Americas and manage the operations teams supporting the

  • element14 and Hackster.io comprise world’s largest community to support creators, professional engineers and entrepreneurs in technology product development

    June 12, 2018

    One million members have joined Avnet’s online communities, element14.com and Hackster.io, creating the world’s largest collaborative networks of engineers, entrepreneurs and developers who learn from each other’s product ideas. element14 and Hackster help product developers all over the world get work done faster and more effectively. Instead of scouring several sources for answers, members turn to the communities of Avnet (Nasdaq: AVT)

  • Companies align to accelerate delivery of differentiated IIoT products and services

    June 5, 2018

    Avnet (Nasdaq: AVT), a leading global technology distributor, and relayr, a global Industrial Internet of Things (IIoT) platform provider, have established a strategic alliance to accelerate the development and delivery of complete end-to-end IIoT solutions to customers throughout the Americas and Europe.

  • May 23, 2018

    Avnet (NASDAQ: AVT), a leading global technology company, today announced that Oleg Khaykin has been appointed to the company's board of directors. He will also serve on the audit committee and the corporate governance committee.

    Khaykin is currently president and CEO of Viavi Solutions, Inc., a provider of network and service enablement solutions. He is also a member of their board of directors. He joined Viavi in February

  • Conference title sponsor for the second consecutive year, Avnet demonstrates how it empowers more than 2 million customers to bring their IoT projects to life

    May 14, 2018

    Avnet (NASDAQ: AVT), a leading global technology company, will be showcasing its connected ecosystem this week at Internet of Things (IoT) World 2018, May 14-17 at the Santa Clara Convention Center in Santa Clara, Calif. The Avnet ecosystem is an expansive network of owned companies, services, solutions and partners that provides more than two million customers with the tools and resources they need to bring their IoT projects to market

  • Ticker symbol to remain “AVT”

    April 26, 2018

    Avnet (NYSE: AVT), a leading global technology distributor, announced today that it will transfer its stock exchange listing from the New York Stock Exchange to The Nasdaq Global Select Market (Nasdaq). The company expects that its common stock will commence trading on Nasdaq on May 8, and will continue to be listed under the “AVT” ticker symbol.

  • Strategic Initiatives Continue to Drive Improved Financial Performance

    April 26, 2018

    Avnet, Inc. (NYSE:AVT) today announced results for the third quarter ended March 31, 2018.

    Third Quarter Fiscal 2018 Highlights

  • April 2018 edition of Supply Chain Navigator also includes exclusive interview with HP Inc. CSCO Stuart Pann

    April 24, 2018

    Avnet (NYSE: AVT), a leading global technology distributor, released the latest edition of the Supply Chain Navigator, supply chain thought leadership journal, with an exclusive interview with HP Inc. Chief Supply Chain Officer Stuart Pann, and an in-depth look at how IoT connectivity in the Factory of the Future has put industrial supply chains in the crosshairs of the world’s most sophisticated and malicious cybercriminals.

  • Agreement extends existing European and APAC franchise relationship worldwide across Nordic’s complete range of wireless connectivity hardware, firmware, and development tools

    March 26, 2018

    Nordic Semiconductor today announced it has signed a new agreement with Avnet (NYSE: AVT), a leading global technology distributor, covering the distribution of Nordic’s Bluetooth® Low Energy (Bluetooth LE), ANT+, IEEE 802.15.4, and 2.4GHz proprietary ultra low power (ULP) wireless connectivity solutions in the Americas.

  • March 19, 2018

    Avnet (NYSE: AVT), a leading global technology distributor, today announced the new Ultra96™ development board. Avnet’s Ultra96 board adds a wide range of potential peripherals and programmable logic acceleration engines not previously available on the 96Boards platform. Avnet will be previewing and accepting pre-orders for the new board at the Linaro Connect Conference, March 19-23, Regal Airport Hotel in Hong Kong.

  • Bundle includes hardware, software development tools, application reference designs and 4G LTE-M network enablement for management, storage and analytics of connected IoT devices

    March 15, 2018

    Avnet (NYSE: AVT), a leading global technology distributor, today announced the availability of the AT&T IoT Starter Kit (LTE-M, STM32L4), the latest in a series of AT&T IoT Starter Kits engineered by Avnet in collaboration with AT&T.

  • February 23, 2018

    Avnet (NYSE: AVT), a leading global technology distributor, today announced that Wade McDaniel, vice president, solutions development and delivery for Avnet Velocity, Avnet’s global supply chain solution innovation center, has been named among the 2018 Pros to Know by Supply & Demand Chain Executive magazine.

  • February 22, 2018

    Avnet (NYSE: AVT), a leading global technology distributor, and IDEMIA (formerly known as OT-Morpho), the global leader in Augmented Identity, have joined forces to collaborate on the development of a new future-proof cellular connectivity solution that meets the growing communication requirements for Internet of Things (IoT) and Industry 4.0 applications.