Avnet, Inc. its consolidated subsidiaries (Avnet) operate as a global electronic component technology distributor and solutions provider.
The company has served customers' evolving needs for more than a century. The company works with electronic component manufacturers (suppliers) in every major electronic component segment to serve customers in more than 140 countries.
Avnet serves a wide range of customers: from startups and mid-sized businesses to enterprise-level original equipment manufac...
Avnet, Inc. its consolidated subsidiaries (Avnet) operate as a global electronic component technology distributor and solutions provider.
The company has served customers' evolving needs for more than a century. The company works with electronic component manufacturers (suppliers) in every major electronic component segment to serve customers in more than 140 countries.
Avnet serves a wide range of customers: from startups and mid-sized businesses to enterprise-level original equipment manufacturers (OEMs), electronic manufacturing services (EMS) providers, and original design manufacturers (ODMs).
Segments
The company operates through two segments, Electronic Components (EC) and Farnell. Both operating groups have operations in each of the three major economic regions of the world: the Americas, Europe, Middle East, and Africa (EMEA) and Asia/Pacific (Asia).
Electronic Components segment
This segment primarily supports high and medium-volume customers. The company markets, sells, and distributes electronic components from many of the world's leading electronic component manufacturers, including semiconductors, IP&E components (interconnect, passive and electromechanical components), and other integrated and embedded components.
This segment serves a variety of markets ranging from industrial to automotive to defense and aerospace. The company offers an array of customer support options throughout the entire product lifecycle, including both turnkey and customized design, supply chain, programming, logistics, and post-sales services.
Within the EC operating group for 2025, net sales of approximately 82% consist of semiconductor products, approximately 16% consist of interconnect, passive, and electromechanical components, and approximately 2% consist of computers.
Avnet Design Solutions
EC offers design chain support that provides engineers with a host of technical design solutions, which helps EC support a broad range of customers seeking complex products and technologies. With access to a suite of design tools and engineering support, customers can get product specifications along with evaluation kits and reference designs that enable a broad range of applications from any point in the design cycle. EC also offers engineering and technical resources deployed globally to support product design, bill of materials development, and technical education and training. By utilizing EC's design chain support, customers can optimize their component selection and accelerate their time to market. EC's extensive electronic component offerings provide customers access to a diverse range of products from a complete spectrum of suppliers.
Avnet Supply Chain Solutions
EC's supply chain solutions provide procurement support and warehousing and logistics services to OEMs, EMS providers, and electronic component manufacturers, enabling them to optimize supply chains on a local, regional, or global basis. EC's internal competencies in supply chain, global warehousing and logistics, information technology, and asset management, combined with its global footprint and extensive supplier relationships, allows EC to develop supply chain solutions that provide for a deeper level of engagement with its customers. These customers can manage their supply chains to meet the demands of a competitive global environment without a commensurate investment in physical assets, systems, and personnel. With supply chain planning tools and a variety of electronic component management solutions, EC provides various solutions that meet a customer's requirements and minimize supply chain risk in a variety of scenarios.
Avnet Embedded and Avnet Integrated Solutions
EC provides embedded solutions, including technical design and integration and assembly of embedded products, systems, and solutions for a variety of end markets, including industrial and healthcare. EC also provides embedded display solutions, including touch and passive displays. In addition, EC develops and produces standard board and industrial subsystems and application-specific devices that enable it to produce specialized systems tailored to specific customer requirements. EC serves OEMs that require embedded systems and solutions, including engineering, product prototyping, integration, and other value-added services in the medical, telecommunications, industrial, and digital editing markets.
EC also provides integrated solutions and services for software companies that bring their intellectual property to market via hardware solutions, including custom-built servers.
Farnell segment
Avnet’s Farnell operating group primarily supports lower-volume customers that need electronic components quickly to develop, prototype, and test their products. It distributes a comprehensive portfolio of kits, tools, electronic components, industrial automation components, and test and measurement products to both engineers and entrepreneurs, primarily through an e-commerce channel. Farnell also distributes new product introductions for its suppliers across their various product categories.
Within the Farnell operating group for 2025, net sales of approximately 14% consist of semiconductor products, approximately 47% consist of interconnect, passive, and electromechanical components, approximately 11% consist of single-board computers, and approximately 28% consist of other products and services, including test and measurement, and maintenance, repair, and operations products.
Competition
The company’s major competitors include Arrow Electronics, Future Electronics, World Peace Group, and WT Microelectronics for EC; Mouser Electronics, Digi-Key Electronics, and RS Components for Farnell.
Seasonality
Historically, Avnet's business has not been materially impacted by seasonality, except for an impact on consolidated results from shifts in geographic sales trends from Asia in the first half of a fiscal year (year ended June 2025) to the Americas and EMEA regions in the second half of a fiscal year, which impact gross profit and operating income margins as a result of such seasonal geographic sales mix changes.
History
Avnet, Inc. was founded in 1921. The company was incorporated in New York in 1955.