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 Reports Second Quarter Fiscal 2020 Financial Results

    Quarterly sales and EPS in line with guidance

    Book to bill metrics at quarter end improved across all regions

    January 23, 2020

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

    Second Quarter Key Financial Highlights:

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  • Avnet to Report Second Quarter Fiscal Year 2020 Earnings on January 23

    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

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  • Avnet Launches New IoT Partner Program at CES 2020 to Accelerate IoT Adoption and Speed Time to Value

    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

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  • Avnet to Participate in the Citi 2020 Global TMT West Conference on January 8
    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

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  • Avnet to Participate in Raymond James and Wells Fargo Conferences in December
    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:

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  • Avnet Declares Regular Quarterly Dividend
    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

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  • Carlo Bozotti and Adalio T. Sanchez Elected to Avnet’s Board of Directors
    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.

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  • Avnet Unveils MaaXBoard for Low-Cost Embedded Computing and AI at the Edge Development

    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,

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  • Avnet Named Top 10 International Branded Distributor for 18th Consecutive Year
    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.

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  • Avnet Delivers Secure IoT Device Connectivity with New Wireless Edge Module

    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.

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  • Avnet and Infineon to support startups and incubators in Southeast Asia
    October 25, 2019

    SINGAPORE, OCTOBER 25, 2019 – Avnet 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. 

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  • Avnet Reports First Quarter Fiscal 2020 Financial Results

    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

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  • Avnet to Report First Quarter Fiscal Year 2020 Earnings on October 24

    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

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  • Avnet Expands E-commerce Strategy in China with Alibaba

    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

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  • 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

    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.

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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

    Read More
  • 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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