Avnet, Inc.
NASDAQ Global SelectCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Philip R. Gallagher
- Full Time Employees
- 15,040
- Sector
- Technology
- Industry
- Technology Distributors
- Address
- 2211 South 47th Street Phoenix AZ United States of America 85034
- IPO Date
- May 3, 1973
- CIK
- 0000008858
- Website
- avnet.com
- Similar Companies
- Business
- Avnet, Inc. Avnet, Inc. (AVT) operates as a leading global distributor of electronic components and technology solutions, supporting customers from initial design through production and supply chain management. The company offers an extensive portfolio encompassing semiconductors; interconnect, passive, and electromechanical components; embedded subsystems; kits, tools, and test and measurement products; as well as electronic and industrial automation components, primarily through its two main segments, Electronic Components and Farnell. It provides value-added services including engineering design support, supply-chain integration, logistics, and technical assistance to markets such as automotive, medical, defense, aerospace, telecommunications, industrial, digital editing, cloud/AI, and electric vehicles, serving professional engineers, entrepreneurs, startups, and manufacturers worldwide across the Americas, Europe, the Middle East, Africa, and Asia. Founded in 1921 and headquartered in Phoenix, Arizona, Avnet, Inc. maintains operations in more than 60 countries with approximately 15,000 employees. Recent developments include expanded investments in digital infrastructure, proprietary customer platforms, and enhanced e-commerce capabilities, particularly within the Farnell segment, to improve customer experience, retention, and market share capture in high-growth areas; the acquisition of a new 150,000-square-foot global headquarters office in Tempe, Arizona, with a planned move in 2026; and the completion of a substantial share repurchase program exceeding 18 million shares since June 2022.
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