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Avnet, Inc. - AVT STOCK NEWS

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. (NASDAQ: AVT) is a global leader in electronic components distribution, dedicated to advancing technological innovation. With a presence in 125 countries and a team of 15,000 professionals, Avnet bridges the gap between suppliers and customers in the electronics industry. The company supports all phases of the technology lifecycle, from initial design to final production.

Avnet caters to startups and established manufacturers alike, providing crucial resources such as design tools, test kits, and supply chain services. As the third-largest semiconductor distributor globally, Avnet serves over 2.1 million small- and mid-sized businesses in 140 countries. The company's European distribution network is particularly noteworthy, being the largest in the region.

Recent achievements include innovative partnerships and cutting-edge projects aimed at accelerating technological advancements. Avnet’s engineers and support teams are at the forefront of these developments, enhancing the company’s role as a pivotal player in the tech industry.

With a strong financial foundation and a culture rooted in emerging technology, Avnet continues to guide ideas into tomorrow's technology. Whether you're an innovator at the start of your journey or a manufacturer ready to scale, Avnet provides the tools and expertise needed to succeed.

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Avnet, Inc. (AVT) declares a regular quarterly cash dividend of $0.31 per share, payable on March 20, 2024, to shareholders of record as of March 6, 2024.
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Avnet, Inc. (AVT) reported second-quarter sales of $6.2 billion and diluted EPS of $1.28, with adjusted diluted EPS of $1.40. The Electronic Components operating margin was 4.3%. CEO Phil Gallagher expressed satisfaction with the results, attributing them to the team's strong execution despite economic challenges. He also expressed confidence in the company's competitive position and experience in managing industry cycles.
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Avnet (Nasdaq: AVT) will report financial results for the second quarter fiscal year 2024 on January 31, 2024, before the market opens. The company's CEO and CFO will host a webcast and conference call to discuss the financial results and provide a corporate update. Details for participation in the live call and webcast are provided in the press release.
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Avnet, Inc. (AVT) Announces Regular Quarterly Cash Dividend of $.31 per Share
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Avnet (Nasdaq: AVT) to Participate in Investor Conferences, CEO and CFO to Present at Wells Fargo TMT Summit and Raymond James TMT & Consumer Conference
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Avnet (Nasdaq: AVT) Engineers at a Turning Point Amid Design and Supply Chain Disruptions. Avnet released its third annual Avnet Insights survey, revealing a sense of optimism around component availability but uncertainty about future market conditions. Key takeaway: 73% of global respondents believe the component shortage has improved year-over-year, marking a significant shift from 2022. However, 29% are more concerned about market conditions.
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Avnet, Inc. reported sales of $6.3 billion and diluted EPS of $2.25 in the first quarter of fiscal year 2024. Adjusted diluted EPS of $1.61 exceeded guidance. Electronic Components operating margin increased by 38 basis points year over year.
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Avnet to report Q1 fiscal year 2024 financial results on November 1, 2023
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Avnet, Inc. (Nasdaq: AVT) approves a 7% increase in quarterly cash dividend to $0.31 per share.
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Avnet to participate in Citi 2023 Global Technology Conference on Sept. 6, 2023
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FAQ

What is the current stock price of Avnet (AVT)?

The current stock price of Avnet (AVT) is $53.07 as of December 20, 2024.

What is the market cap of Avnet (AVT)?

The market cap of Avnet (AVT) is approximately 4.6B.

What does Avnet, Inc. do?

Avnet, Inc. is a global distributor of electronic components, connecting suppliers with small- and mid-sized customers worldwide.

Where is Avnet, Inc. headquartered?

Avnet, Inc. is headquartered in Phoenix, Arizona, USA.

How many countries does Avnet, Inc. operate in?

Avnet, Inc. operates in 125 countries across North America, Europe, and Asia.

Who are Avnet’s primary customers?

Avnet’s primary customers include startups, contract manufacturers, and OEMs in need of electronic components and design tools.

What is Avnet’s position in the semiconductor distribution market?

Avnet is the third-largest semiconductor distributor globally and the largest in European chip distribution.

What services does Avnet offer?

Avnet offers design tools, test kits, supply chain services, and support throughout all stages of the technology product lifecycle.

How does Avnet support innovation?

Avnet supports innovation by providing resources and expertise to technology dreamers and startups, helping them bring their ideas to life.

How many employees does Avnet have?

Avnet employs approximately 15,000 people globally.

What recent achievements has Avnet made?

Recent achievements include forming strategic partnerships and launching innovative projects to drive technological advancements.

Where can I learn more about Avnet’s services?

You can explore more about Avnet’s services by visiting their website at www.avnet.com.

Avnet, Inc.

Nasdaq:AVT

AVT Rankings

AVT Stock Data

4.62B
86.14M
0.9%
103.3%
4.9%
Electronics & Computer Distribution
Wholesale-electronic Parts & Equipment, Nec
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United States of America
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