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 Acquire Witekio, Enhancing End-to-End IoT Strategy with Deep Embedded Software Expertise

    Acquisition strengthens software and IoT capabilities at device level

    September 17, 2019

    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.

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  • Avnet and Trusted Objects Form Strategic Alliance to Secure Industrial IoT

    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.

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  • Avnet Accelerates Wireless Design with New RFSoC Development Kit

    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

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  • Avnet to Participate in Citibank and Deutsche Bank Conferences in September
    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:

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  • Avnet Distribution Center Becomes One of the Largest Authorized Foreign-Trade Zones in Arizona

    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

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  • Avnet Expands Share Repurchase Authorization by $500M; Increases Dividend by 5% to $.21 per Share; and Announces Annual Shareholder Meeting
    August 19, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on August 14, 2019, its Board of Directors approved an increase in Avnet’s current share repurchase authorization by $500 million. Avnet now has $675 million available for share repurchases when combined with prior authorizations.

    In addition, Avnet’s Board of Directors approved a 5% increase in the quarterly cash dividend to $.21 per share. The dividend will be paid on

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  • Avnet Reports Fourth Quarter and Fiscal 2019 Financial Results

    Quarterly sales of $4.7 billion within guidance despite macroeconomic headwinds and tariffs

    Fiscal year sales rose 3%, SG&A expenses were reduced by $117 million, or 6%, and cash flow from continuing operations totaled $591 million

    August 8, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT) today announced results for the fourth quarter and fiscal year ended June 29, 2019.

    Fiscal Fourth Quarter Key Financial Metrics

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  • Avnet India Receives Accolades for Best Workplace Practices
    August 6, 2019

    Avnet India recently received several accolades for its workplace practices across India. The recognition was accorded to Avnet by different institutions that assessed Avnet’s workplace culture, as well as its practices towards enriching the overall well-being of its employees.

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  • Avnet to Report Fourth Quarter Fiscal Year 2019 Earnings on August 8

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

    July 25, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet, Inc. (Nasdaq: AVT), a global technology solutions provider, today announced it will report financial results for the fourth quarter fiscal year 2019 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.

    Conference Call Details

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  • Avnet Makes Investment in Defendry’s Artificial Intelligence Solution

    Next generation 24/7 active shooter defense platform automates emergency response through AI

    July 24, 2019

    PHOENIX--(BUSINESS WIRE)--Avnet, a leading global technology solutions provider, has invested $2.1M in Defendry TM , a surveillance platform that helps prevent active shooter incidents. Defendry is powered by proprietary artificial intelligence (AI) designed to identify and stop physical threats before they enter a building. Defendry was created by serial-tech entrepreneur Pat Sullivan and research scientist Dr. Sean Huver, who saw a way to use advanced technology to reduce the number of

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  • 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

    PHOENIX--(BUSINESS WIRE)--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

    PHOENIX--(BUSINESS WIRE)--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

    PHOENIX--(BUSINESS WIRE)--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

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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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