Avnet, Inc.

About Avnet, Inc.

Avnet, Inc. is a Fortune 500 global distributor of electronic components and technology solutions, headquartered in Phoenix, Arizona. Operating in over 140 countries, the company serves industries such as aerospace, automotive, industrial, and healthcare. Since its founding in 1921, Avnet has grown into a leading provider of design, engineering, logistics, and supply chain services, helping businesses accelerate innovation and streamline operations.

The company operates through two primary segments: Electronic Components, which distributes semiconductors and other critical parts, and Farnell, a high-service distributor catering to engineers and enterprises. Beyond distribution, Avnet offers advanced design support, supply chain optimization, and programming services.

Avnet has expanded its global footprint through strategic acquisitions, including the 2016 purchase of Premier Farnell. In 2019, it embraced digital innovation by accepting cryptocurrency payments through BitPay.

With revenue of $26.53 billion in 2023 and approximately 15,000 employees, Avnet remains a leader in the electronics industry. Under CEO Phil Gallagher and Chairman Rodney Adkins, the company continues to drive digital transformation and operational excellence. By combining deep industry expertise with innovative solutions, Avnet remains a trusted partner in the global technology ecosystem.