Avnet, Inc. (NASDAQ:AVT) is a global technology solutions provider that specializes in the distribution and integration of electronic components and embedded solutions. Founded in 1921 and headquartered in Phoenix, Arizona, the company has evolved from a regional sales organization into one of the world’s leading distributors of semiconductors, interconnect, passive and electromechanical components. Over its more than a century-long history, Avnet has expanded its capabilities through strategic acquisitions and organic growth, adapting to the rapid pace of innovation in the electronics industry.
The company’s core business is organized into two primary segments: Electronics Solutions and Embedded Solutions. Electronics Solutions focuses on the procurement and distribution of electronic components, offering value-added services such as inventory management, kitting, and testing. Embedded Solutions delivers design, engineering and manufacturing services for embedded systems, supporting customers from initial concept through production. These complementary segments allow Avnet to serve a broad customer base, including original equipment manufacturers (OEMs), contract electronics manufacturers, and technology innovators across industries such as automotive, aerospace, industrial automation and healthcare.
Avnet operates in more than 140 locations across the Americas, Europe, Middle East, Africa and Asia-Pacific, providing global reach with local expertise. Its supply chain services include demand forecasting, logistics optimization and post-sales support, enabling customers to streamline operations and mitigate risk. The company also invests in digital tools and online marketplaces to simplify procurement and improve visibility throughout the supply chain.
Under the leadership of President and Chief Executive Officer Phil Gallagher, Avnet has focused on driving growth through innovation, operational excellence and strategic partnerships. Gallagher, who joined the company in 2017 and was named CEO in 2019, has overseen initiatives to enhance Avnet’s digital capabilities and expand its value-added services. With a commitment to sustainability and corporate responsibility, Avnet continues to support its customers’ technological advancements while maintaining a robust global distribution network.
AI Generated. May Contain Errors.