AVNET INC

Avnet, Inc. (NASDAQ: AVT) is a leading global electronic component technology distributor and solutions provider with over a century of operating history since its founding in 1921. The company operates through two primary segments: Electronic Components (EC) and Farnell, each serving distinct customer bases across the Americas, Europe, Middle East and Africa (EMEA), and Asia/Pacific regions.

The Electronic Components segment primarily supports high and medium-volume customers, distributing semiconductors, interconnect and passive components, and electromechanical products from major electronic component manufacturers. EC generated approximately 83% of segment sales from semiconductors, 15% from interconnect, passive and electromechanical components, and 2% from computers and other products during fiscal 2026. The segment provides design support through Avnet Design Solutions, supply chain optimization services, and embedded systems solutions tailored to industrial, automotive, defense, and aerospace markets.

The Farnell segment serves lower-volume customers requiring rapid prototyping and testing capabilities, distributing components, kits, tools, and test and measurement products primarily through e-commerce channels. Farnell generated approximately 19% of segment sales from semiconductors, 36% from interconnect and passive components, 13% from single-board computers, and 32% from other products and services.

For fiscal year 2026, consolidated net sales reached $27.6 billion, with semiconductors representing approximately 79% of total sales. The company operates across more than 140 countries with a global workforce of approximately 15,040 employees distributed across 48 countries. One supplier accounted for over 10% of consolidated billings during fiscal 2026.

Avnet's competitive strengths include the breadth of its supplier relationships, comprehensive product selection enabling customers to consolidate procurement, value-added services including design support and supply chain management, and global distribution infrastructure. The company's website is located at http://www.avnet.com, where additional information about management, products, services, and corporate governance practices is available.