Avnet Inc - Company Profile
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Avnet Inc (Avnet) is a distributor of electronic components and IT solutions. The company’s product portfolio comprises semiconductors, industrial automation components, test and measurement kits, interconnects, and passive and electromechanical components. Avnet serves original equipment manufacturers, original design manufacturers, and electronic manufacturing service providers. It supplies products through an e-commerce channel. The company provides its products to a wide range of industries, such as aerospace and defense, automotive and transportation, communications, energy, healthcare institutions, home and building automation, security and surveillance, lighting, and wearables. It has operations across the world. Avnet is headquartered in Phoenix, Arizona, the US.
Headquarters
United States of America
Address
2211 South 47th Street, Phoenix, Arizona, 85034
Website
www.avnet.com
Telephone
1 480 6432000
No of Employees
14,869
Industry
Technology and Communications
Ticker Symbol & Exchange
AVT (NASD)
Revenue (2024)
$22.2B
-6.6%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-51.8%
(2024 vs 2023)
Market Cap*
$7.1B
Net Profit Margin (2024)
XYZ
-48.6%
(2024 vs 2023)
* As of and is in US$
Avnet Inc premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Amplifiers | Integration Services | Avnet |
| Analog Switch Multiplexer | IoT Solution | Element 14 |
| Batteries | Implementation | Hackster.io |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Contracts/Agreements | In May, the company signed a partnership with Hong Kong Science and Technology Parks Corporation and the Emerging Microelectronics and Ubiquitous Systems Laboratory to introduce of the 12-month DfMA Launchpad for AI MMP program. |
| 2026 | Corporate Changes/Expansions | In May, the company opened a new Avnet Integrated Solutions facility in Singapore. |
| 2025 | Contracts/Agreements | In November, the company entered into a partnership with AMD and element14 to introduce AMD on Wheels across Australia. |
Competitor Comparison
| Key Parameters | Avnet Inc | TD SYNNEX Corp | Arrow Electronics Inc | TTI Inc | RS Group plc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United Kingdom |
| City | Phoenix | Fremont | Centennial | Fort Worth | London |
| State/Province | Arizona | California | Colorado | Texas | England |
| No. of Employees | 14,869 | 24,000 | 22,230 | - | 8,500 |
| Entity Type | Public | Public | Public | Private | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Philip R. Gallagher | Chief Executive Officer; Director; President - Electronic Components | Executive Board | 2020 | 64 |
| Kenneth A. Jacobson | Chief Financial Officer | Senior Management | 2022 | 47 |
| Leng Jin Chan | Chief Information Officer; Senior Vice President | Senior Management | 2021 | 53 |
| Michael R. McCoy | Chief Legal Officer; General Counsel; Senior Vice President | Senior Management | 2020 | 49 |
| Ken E. Arnold | Chief People Officer; Senior Vice President | Senior Management | 2019 | 61 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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