Welcome to our dedicated page for Avnet news (Ticker: AVT), a resource for investors and traders seeking the latest updates and insights on Avnet stock.
Avnet, Inc. (AVT) drives innovation in global electronics distribution, connecting semiconductor suppliers with manufacturers worldwide. This news hub provides investors and industry professionals with essential updates on Avnet's strategic initiatives, financial performance, and market leadership.
Access real-time press releases covering earnings announcements, supply chain developments, and technology partnerships. Our curated collection ensures you stay informed about critical milestones in electronic component distribution and engineering solutions.
Key updates include quarterly financial results, executive leadership changes, sustainability initiatives, and innovations in IoT/embedded systems. Bookmark this page for direct access to verified information supporting informed analysis of Avnet's position in the semiconductor value chain.
Avnet (AVT) announced a quarterly cash dividend of $.21 per share, approved by its Board of Directors on February 18, 2021. The dividend will be distributed on March 24, 2021 to shareholders on record as of March 10, 2021. This move reflects the company's commitment to returning value to its shareholders.
Avnet (Nasdaq: AVT) announced that its CEO Phil Gallagher, CFO Tom Liguori, and VP of Treasury & Investor Relations Joe Burke will participate in a virtual fireside chat at the 42nd Annual Raymond James Institutional Investors Conference on March 1 at 10:00 a.m. EST. The event will be webcast live on Avnet’s Investor Relations section, with a subsequent replay available. Avnet, a leader in technology distribution, supports customers throughout the product lifecycle, enhancing the design and supply process for faster revenue realization.
Avnet (Nasdaq: AVT) and ON Semiconductor (Nasdaq: ON) have collaborated to streamline the development of Internet of Things (IoT) devices. Their framework simplifies the creation of IoT-enabled products through rapid prototyping solutions and Avnet’s IoTConnect® Platform, powered by Microsoft® Azure. The initial offering includes the RSL10 Sensor Development Kit, featuring low-power Bluetooth® technology and various environmental sensors. This partnership aims to reduce complexity for original equipment manufacturers (OEMs), allowing faster market delivery and improved product differentiation.
Avnet (AVT) announced that its CEO Phil Gallagher, CFO Tom Liguori, and VP of Treasury & Investor Relations Joe Burke will engage in a virtual fireside chat at the Goldman Sachs Technology and Internet Conference 2021 on February 11 at 9:40 a.m. EST. The event will be available for live streaming on Avnet’s Investor Relations website and a replay will be accessible afterward. Avnet continues to play a significant role in the technology distribution and solutions sector, supporting customers throughout the product lifecycle.
Avnet, Inc. (Nasdaq: AVT) reported its Q2 2021 results, showcasing sales of $4.7 billion, a 2.9% increase from the previous year, driven by record sales in Asia of $2.2 billion. GAAP diluted EPS was $0.19, a significant improvement from a loss in the prior quarter. Non-GAAP adjusted EPS rose 33% to $0.48. Operating income margin improved to 1.2%. The company achieved net working capital of 75 days, generating $85 million in cash flow. Avnet aims for Q3 sales guidance of $4.3B to $4.7B with non-GAAP EPS between $0.52 and $0.58.
Avnet (Nasdaq: AVT) has announced that its CEO Phil Gallagher, CFO Tom Liguori, and VP of Treasury & Investor Relations Joe Burke will participate in a virtual fireside chat at the Citi 2021 Global TMT West Virtual Conference on January 5 at 3:00 p.m. EST. The event will be streamed live on the Avnet website, and a replay will be available in the Investor Relations section thereafter. Avnet is recognized as a global technology solutions provider, assisting customers through the entire product lifecycle.
Avnet (AVT) partners with Arizona State University to launch the fourth cohort of the Avnet Innovation Lab, supporting entrepreneurs in sectors like healthcare and agriculture. This initiative aims to foster economic growth and assist innovators in developing groundbreaking technologies. Each participant receives mentorship and dedicated lab space to accelerate their projects. New participants include Bloomer Tech, Frost Control Systems, Haystack Ag, Kyber Photonics, and MATRIX Labs, each focused on solving significant industry challenges. Avnet remains committed to nurturing innovation through collaborations with educational institutions.
CircuitByte has launched the 'DistiDirect' feature for Avnet (AVT) in its BOM Connector™, enhancing part sourcing and purchasing efficiency. This capability uses API technology to connect customers directly with component suppliers, providing real-time pricing, stock levels, and lead times. The release notes that this upgrade allows access across all Avnet 'Speedboats' and supports faster quoting processes. Avnet's digital integration aims to optimize purchasing scenarios while meeting customer demand through improved information breadth and quality.
Avnet (Nasdaq: AVT) has launched the AVT9152 module, enhancing its rapid IoT development offerings. This module features cellular connectivity with low power consumption and compact size, integrating technologies from Nordic Semiconductor. Suitable for applications like COVID-19 contact tracing and smart building automation, it combines NB-IoT/LTE-M, GPS, and Bluetooth LE capabilities. The AVT9152 Evaluation Kit simplifies IoT development with a comprehensive cloud connection platform, including various sensors and a global SIM trial service.
