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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 (Nasdaq: AVT) will host its Investor Day today at
Avnet (Nasdaq: AVT) announced participation in two investor conferences in June. On June 8, Chief Financial Officer Tom Liguori and Investor Relations VP Joe Burke will attend the Stifel 2022 Cross Sector Insight Conference at 3:00 p.m. ET in Boston. On June 9, CEO Phil Gallagher, CFO Liguori, and VP Burke will join the BofA Securities 2022 Global Technology Conference at 12:30 p.m. ET in San Francisco. Both events will be webcast live, with links available on Avnet's investor relations website.
Avnet, a global technology solutions provider, declared a quarterly cash dividend of $0.26 per share on May 23, 2022. The dividend is scheduled for payment on June 22, 2022 to shareholders of record as of the close of business on June 8, 2022. This decision reflects the company's continued commitment to returning value to its shareholders.
Avnet reported third-quarter sales of $6.5 billion, a 32% increase year-over-year and 11% sequentially. Diluted EPS rose to $1.84, with adjusted EPS at $2.15. Operating margins improved for both Electronic Components (4.4%) and Farnell (14.9%). The Americas saw a 40.2% sales rise, while overall demand for supply chain orchestration contributed to strong performance. For Q4, the company anticipates sales between $6.0B and $6.4B, with adjusted EPS guidance of $1.90 to $2.00.
Data I/O Corporation has partnered with NXP Semiconductors and Avnet Silica to support the LPC55S6x series microcontroller using its SentriX security deployment platform. This collaboration allows OEMs to enhance IoT security for mass-market edge devices, facilitating simpler deployment and reducing costs. SentriX Product Creator provides easy-to-use security profiles, streamlining the production process for OEMs. The SentriX platform aims to improve security for software, services, and intellectual property, ultimately supporting new business models in IoT applications.
Avnet (Nasdaq: AVT) will hold its 2022 Investor Day on June 6 at Nasdaq MarketSite in New York City. Starting at 10:30 a.m. EDT, the event will feature presentations from CEO Phil Gallagher, CFO Tom Liguori, and senior leadership. Key topics include Avnet’s value proposition, Farnell's e-commerce investments, supply chain opportunities in electronic components, revenue growth in high-margin areas, and capital allocation for 2022 and beyond. A customer and supplier panel will also discuss industry trends. A webcast will be available on Avnet's website.
Avnet (AVT) will release its third quarter fiscal 2022 financial results on April 27 after market close. The company’s CEO Phil Gallagher and CFO Tom Liguori will discuss these results during a webcast and conference call at 1:30 p.m. PT / 4:30 p.m. ET. Stakeholders can participate in the call by dialing 877-407-8112 or 201-689-8840. A replay will be available for 90 days starting from July 27. Avnet continues its long-standing role as a technology solutions provider, supporting customers through the entire product lifecycle.
Avnet Integrated has achieved the Titanium partner status in Dell Technologies’ Partner Program for FY 2023, demonstrating significant collaboration and growth. This recognition allows Avnet to enhance its offerings, helping clients in various sectors such as healthcare and industrial automation accelerate growth, optimize costs, and improve customer experiences. With this status, Avnet is among a select group of OEM-focused Titanium members, leveraging its expertise and scale to drive innovation and support clients' business outcomes.
Avnet (Nasdaq: AVT) will participate in the 43rd Annual Raymond James Institutional Investors Conference on March 9 at 9:15 a.m. ET in Orlando, Florida. Key executives, including CEO Phil Gallagher, CFO Tom Liguori, and VP of Treasury & Investor Relations Joe Burke, will engage in a fireside chat. The event will be webcast live on the Avnet Investor Relations webpage. A replay will be accessible post-event. Avnet, a century-old technology distributor, supports customers throughout the product lifecycle.
