OverviewSuggest Edit

Avnet is a global technology solutions company with design, product, marketing, and supply chain capabilities. It markets, sells, and distributes electronic components including semiconductors, interconnect, passive and electromechanical, and other integrated components from electronic component manufacturers to a variety of markets ranging from automotive to medical to defense and aerospace. The company also offers customer support options throughout the product lifecycle, including turnkey and customized design, new product introduction, production, supply chain, logistics, and post-sales services. In addition, it distributes a portfolio of kits, tools, electronic components, and industrial automation components, as well as test and measurement products to engineers and entrepreneurs.
TypePublic
Founded1921
HQPhoenix, US
Websiteavnet.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Jun 2019)15,500
Job Openings140
Revenue (FY, 2020)$17.6 B(-9%)
Share Price (Sept 2020)$26 (-3%)
Cybersecurity ratingBMore

Key People/Management at Avnet

William J. Amelio

William J. Amelio

Chief Executive Officer, Director
Ken Arnold

Ken Arnold

Chief People Officer
Pete Bartolotta

Pete Bartolotta

President, Business Transformation
Phil Gallagher

Phil Gallagher

Global President, Electronic Components
Carlo Bozotti

Carlo Bozotti

Director
Tom Liguori

Tom Liguori

Chief Financial Officer
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Avnet Office Locations

Avnet has offices in Phoenix, Guildford, Wien, Merelbeke and in 43 other locations
Phoenix, US (HQ)
2211 South 47th Street
Guildford, AU
72 Ferndell St
Wien, AT
Schönbrunner Str. 297-307
Merelbeke, BE
Guldensporenpark 17/Building B - 3rd Floor
São Paulo, BR
R. Surubim, 504 - 71 - Cidade Monções
Sofia, BG
bul. "Sitnyakovo" 48
Show all (47)

Avnet Financials and Metrics

Avnet Revenue

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Avnet's revenue was reported to be $17.63 b in FY, 2020
USD

Revenue (FY, 2020)

17.6b

Gross profit (FY, 2020)

2.1b

Gross profit margin (FY, 2020), %

11.7%

Net income (FY, 2020)

(31.1m)

EBIT (FY, 2020)

(4.6m)

Market capitalization (21-Sept-2020)

2.5b

Closing stock price (21-Sept-2020)

26.0

Cash (27-Jun-2020)

477.0m

EV

3.8b
Avnet's current market capitalization is $2.5 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

17.4b19.0b19.5b17.6b

Revenue growth, %

4%9%3%

Cost of goods sold

15.1b16.5b17.0b15.6b

Gross profit

2.4b2.5b2.5b2.1b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

4.7b4.5b4.8b5.1b5.0b4.7b4.6b4.5b4.3b

Cost of goods sold

4.0b3.9b4.1b4.5b4.4b4.1b4.1b4.0b3.8b

Gross profit

612.6m602.5m653.5m636.8m630.0m624.2m543.8m525.6m518.9m

Gross profit Margin, %

13%13%14%13%12%13%12%12%12%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

836.4m621.1m546.1m477.0m

Accounts Receivable

3.3b3.6b3.2b2.9b

Prepaid Expenses

253.8m206.5m153.4m191.4m

Inventories

2.8b3.1b3.0b2.7b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

539.7m589.5m430.1m365.9m482.2m725.3m664.1m488.8m402.7m

Accounts Receivable

3.4b3.3b3.6b3.7b3.4b3.2b3.1b3.0b3.0b

Prepaid Expenses

261.6m269.2m305.1m114.4m156.5m129.3m169.5m161.3m181.0m

Inventories

3.1b3.3b3.3b3.4b3.3b3.2b3.0b2.9b2.7b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

525.3m(156.4m)176.3m(31.1m)

Depreciation and Amortization

155.4m234.9m180.8m101.1m

Inventories

84.4m(308.7m)81.9m266.8m

Accounts Payable

163.6m409.6m(377.9m)(107.0m)
USDFY, 2017

Revenue/Employee

1.1m

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x
Show all financial metrics

Avnet Operating Metrics

Avnet's Units Shipped was reported to be 117 b in FY, 2017. Avnet's Customers was reported to be 2.1 m in Q3, 2020.
FY, 2014Jun, 2015FY, 2017Jul, 2017FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020

Customers

100 k110 k2.10 m2.10 m2.10 m2.10 m2.10 m2.10 m2.10 m2.10 m

Suppliers

800 600 140 k1.40 k1.40 k1.40 k1.40 k1.40 k1.40 k1.40 k

Countries

90 100 140 140 140 140 140 140 140 140

Units Shipped

87.30 b117 b
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Avnet Acquisitions / Subsidiaries

Company NameDateDeal Size
WitekioSeptember 17, 2019
Softweb SolutionsDecember 31, 2018
Dragon InnovationAugust 22, 2017
Hackster, Inc.November 14, 2016
Premier FarnellJuly 28, 2016$832.08 m
Orchestra ServiceSeptember 30, 2015
MSC InvestorenDecember 30, 2013
Seamless TechnologiesJune 10, 2013
RTI HoldingsMarch 20, 2013
TSSLinkJanuary 03, 2013
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Avnet Cybersecurity Score

Cybersecurity ratingPremium dataset

B

81/100

SecurityScorecard logo

Avnet Revenue Breakdown

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Avnet revenue breakdown by business segment: 7.5% from Premier Farnell and 92.5% from Electronic Components

Avnet revenue breakdown by geographic segment: 39.0% from Asia/Pacific, 26.3% from Americas and 34.6% from EMEA

Avnet Online and Social Media Presence

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Avnet News and Updates

Avnet stock jumps after strong forecast, CEO departure

Avnet Inc. rallied in the extended session Monday after the electronic components distributor forecast strong results for the quarter while announcing the departure of its chief executive. Avnet shares surged 20% after hours, following a 1.1% rise to close the regular session at $27.02. The company…

Avnet to Distribute Mipsology's Breakthrough FPGA Deep Learning Inference Acceleration Software in APAC

SINGAPORE and SILICON VALLEY, Calif., March 25, 2020 /PRNewswire/ -- Global technology solutions provider Avnet Asia and AI software innovator Mipsology today announced that Avnet will promote and resell Mipsology's Zebra software platform to its APAC customer base. Zebra removes the...

Avnet Upgrades Ultra96-V2 Single-Board Computer With Industrial Temperature Capabilities

PHOENIX--( )--Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced a new, industrial-temperature–grade version of its popular Ultra96 single-board computer for industrial customers. The new board is powered by the Xilinx Zynq UltraScale+ ZU3EG MPSoC, which is id…

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

Together with our logistics network, design chain experience, technical capabilities, and end-to-end ecosystem, we continue to help customers navigate the challenging IoT industry with our product development proficiencies."read more

Avnet boosts dividend, share buyback program

Avnet Inc. said Monday it was increasing its dividend by 5% and adding $500 million to its stock repurchase program. The electronic components company's new quarterly dividend of 21 cents a share, up from 20 cents a share, will be payable Sept. 25 to shareholders of record on Sept. 11. Based on Fri…

Avnet Makes Investment in Defendrys Artificial Intelligence Solution

And by harnessing the power of IoT and AI, may help to solve many of society’s complex problems, making the world a safer place.read more
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Avnet Frequently Asked Questions

  • When was Avnet founded?

    Avnet was founded in 1921.

  • Who are Avnet key executives?

    Avnet's key executives are William J. Amelio, Ken Arnold and Pete Bartolotta.

  • How many employees does Avnet have?

    Avnet has 15,500 employees.

  • What is Avnet revenue?

    Latest Avnet annual revenue is $17.6 b.

  • What is Avnet revenue per employee?

    Latest Avnet revenue per employee is $1.1 m.

  • Who are Avnet competitors?

    Competitors of Avnet include Synnex, Littelfuse and Future Electronics.

  • Where is Avnet headquarters?

    Avnet headquarters is located at 2211 South 47th Street, Phoenix.

  • Where are Avnet offices?

    Avnet has offices in Phoenix, Guildford, Wien, Merelbeke and in 43 other locations.

  • How many offices does Avnet have?

    Avnet has 47 offices.