OverviewSuggest Edit

Avnet is an electronic components manufacturer offering design, product, marketing, and supply chain services. It offers semiconductors, interconnect, passive and electromechanical integrated components, as well as AI technology and memory solutions, magnetic terminals for Al wire, machine vision, test and measurement solutions, microchips for industrial embedded control solutions, and other products. The company serves industries such as automotive, defense and aerospace, healthcare, etc.
TypePublic
Founded1921
HQPhoenix, AZ, US
Websiteavnet.com
Employee Ratings3.9
Overall CultureB

Latest Updates

Employees (est.) (Jul 2021)14,500
Job Openings612
Revenue (FY, 2021)$19.5 B(+11%)
Share Price (Jan 2022)$39.9(+2%)
Cybersecurity ratingBMore
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Key People/Management at Avnet

Phil Gallagher

Phil Gallagher

Chief Executive Officer
Ken Arnold

Ken Arnold

Chief People Officer
Max Chan

Max Chan

Chief Information Officer
Tom Liguori

Tom Liguori

Chief Financial Officer
MaryAnn Miller

MaryAnn Miller

Chief Administrative Officer
Michael McCoy

Michael McCoy

General Counsel and Chief Legal Officer
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Avnet Office Locations

Avnet has offices in Phoenix, Bayswater, Guildford, Wien and in 63 other locations
Phoenix, AZ, US (HQ)
2211 South 47th Street
Bayswater, AU
2/17-19 Melrich Rd
Guildford, AU
72 Ferndell St
Wien, AT
Grünbergstraße 15/4. OG
Wien, AT
Schönbrunner Str. 297-307
Merelbeke, BE
Guldensporenpark 17/Building B - 3rd Floor
Show all (69)

Avnet Financials and Metrics

Avnet Revenue

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Avnet's revenue was reported to be $19.53 b in FY, 2021 which is a 10.8% increase from the previous period.
USD

Revenue (Q1, 2022)

5.6b

Gross profit (Q1, 2022)

659.7m

Gross profit margin (Q1, 2022), %

11.8%

Net income (Q1, 2022)

111.3m

EBIT (Q1, 2022)

168.2m

Market capitalization (24-Jan-2022)

3.9b

Closing stock price (24-Jan-2022)

39.9

Cash (2-Oct-2021)

299.1m

EV

5.3b
Avnet's current market capitalization is $3.9 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

19.5b17.6b19.5b

Revenue growth, %

3%(10%)11%

Cost of goods sold

17.0b15.6b17.3b

Gross profit

2.5b2.1b2.2b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Revenue

4.6b4.5b4.3b4.7b4.7b4.9b5.6b

Cost of goods sold

4.1b4.0b3.8b4.2b4.2b4.3b4.9b

Gross profit

543.8m525.6m518.9m516.1m511.3m568.4m659.7m

Gross profit Margin, %

12%12%12%11%11%12%12%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

546.1m477.0m199.7m

Accounts Receivable

3.2b2.9b3.6b

Inventories

3.0b2.7b3.2b

Current Assets

6.9b6.3b7.2b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

664.1m488.8m402.7m483.1m376.3m322.7m299.1m

Accounts Receivable

3.1b3.0b3.0b3.0b3.1b3.4b3.7b

Inventories

3.0b2.9b2.7b2.9b2.8b2.8b3.3b

Current Assets

7.0b6.5b6.3b6.6b6.5b6.6b7.5b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

176.3m(31.1m)193.1m

Depreciation and Amortization

180.8m242.9m188.7m

Inventories

81.9m266.8m(409.1m)

Accounts Payable

(377.9m)(107.0m)621.0m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

41.8m45.4m(83.2m)(18.9m)274.0k107.8m111.3m

Depreciation and Amortization

60.4m122.4m137.8m56.0m102.6m145.2m40.8m

Inventories

(64.2m)94.2m228.0m(136.4m)51.2m63.0m(74.0m)

Accounts Payable

189.7m(52.7m)(112.9m)228.7m130.8m224.2m85.2m
USDFY, 2019

EV/EBIT

16.4 x

EV/CFO

11.2 x

Revenue/Employee

1.3m

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

2.1 x

P/E Ratio

28.5
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Avnet Operating Metrics

Avnet's Customers was reported to be 2.1 m in FY, 2021.
FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021Q1, 2022

Customers

2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m2.1 m

Suppliers

1.4 k1.4 k1.4 k1.4 k1.4 k1.4 k1.4 k1.4 k

Countries

140140140140140140140140140140

Facilities

998
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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
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 Revenue Breakdown

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Avnet revenue breakdown by business segment: 92.3% from Electronic Components and 7.7% from Premier Farnell

Avnet revenue breakdown by geographic segment: 31.5% from EMEA, 23.9% from Americas and 44.7% from Asia/Pacific

Human Capital Metrics

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Avnet Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

Avnet Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Avnet Online and Social Media Presence

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Avnet Company Culture

  • Overall Culture

    B

    71/100

  • CEO Rating

    D+

    61/100

  • Compensation

    C-

    58/100

  • Diversity

    A-

    76/100

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Avnet News and Updates

Avnet Names Dayna Badhorn New Americas Leader for Electronics Components Group

Leading global technology solutions provider Avnet (NASDAQ: AVT) today announced that 23-year Avnet veteran Dayna Badhorn has been named regional president, Americas electronics components, effective immediately. In her new role, Badhorn will oversee all activities tied to Avnet’s electronics compon…

HKSTP Joins Global Leaders Avnet and Orix to Nurture Promising Startups and Form a GBA-Wide Hardware and Digital Technologies Ecosystem

Hong Kong Science and Technology Parks Corporation (HKSTP) is forming a series of strategic partnerships with global leaders such as leading technology distributor and solutions provider Avnet and diversified financial services group ORIX to foster a new wave of engineering talent and fast-rising st…

Avnet, Inc. (AVT) Ex-Dividend Date Scheduled for November 30, 2021

Avnet, Inc. (AVT) will begin trading ex-dividend on November 30, 2021. A cash dividend payment of $0.24 per share is scheduled to be paid on December 15, 2021. Shareholders who purchased AVT prior to the ex-dividend date are eligible for the cash dividend payment. This represents an 14.29% increase …

Avnet’s Final 15 and Complete List of 100 Acts of Giving

Avnet is pleased to announce the final fifteen “100 Acts of Giving” grant recipients, celebrating employees’ volunteer efforts during its 100th anniversary year. As part of the campaign, Avnet donated $1,000 (USD) to 100 eligible nonprofits globally for a total of $100,000. The 100 nonprofits, liste…

Avnet Declares Regular Quarterly Dividend

Avnet, Inc. (Nasdaq: AVT), a leading global technology solutions provider, today announced that on Nov. 17, 2021, its Board of Directors approved a regular quarterly cash dividend of $.24 per share. The dividend will be paid on Dec. 15, 2021 to shareholders of record as of the close of business on D…

Avnet to Participate in Upcoming Virtual Investor Conferences

Avnet (Nasdaq: AVT), a leading global technology solutions company, today announced that the Company will participate in the following upcoming investor conferences: On Tuesday, November 30, Avnet’s Chief Executive Officer Phil Gallagher, Chief Financial Officer Tom Liguori, and Vice President, Trea…
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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 Phil Gallagher, Ken Arnold and Max Chan.

  • How many employees does Avnet have?

    Avnet has 14,500 employees.

  • What is Avnet revenue?

    Latest Avnet annual revenue is $19.5 b.

  • What is Avnet revenue per employee?

    Latest Avnet revenue per employee is $1.3 m.

  • Who are Avnet competitors?

    Competitors of Avnet include TD SYNNEX, Ingram Micro and Littelfuse.

  • Where is Avnet headquarters?

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

  • Where are Avnet offices?

    Avnet has offices in Phoenix, Bayswater, Guildford, Wien and in 63 other locations.

  • How many offices does Avnet have?

    Avnet has 69 offices.