Avnet

What Avnet does

Avnet is a global technology solutions provider and electronic components distributor headquartered in Phoenix, Arizona, operating since 1921 across the Americas, EMEA, APAC, and Japan. The company distributes millions of SKUs from more than 1,000 manufacturers to OEMs, Tier I suppliers, and contract manufacturers serving automotive, industrial automation, communications, aerospace, defense, healthcare, and increasingly AI/data center customers. It operates a multi-brand distribution portfolio — Farnell (Europe), Newark (Americas), element14 (Asia), plus regional European brands Avnet Silica, Avnet Abacus, and EBV Elektronik — alongside proprietary platforms including IoTConnect (cloud-integrated IoT device management), Design Hub (1,000+ reference designs), and MyAvnet (BOM management, quoting, and API tools).

Avnet's revenue model is primarily transaction-based component resale, augmented by value-added services. The Electronic Components segment generated $6.67B in Q3 FY2026 with record Asia revenues of $3.2B, while the Farnell segment delivered 24% YoY growth and a 5.2% operating margin (three-year high). Avnet Integrated Solutions provides system, server, and rack build services across six global centers (the newest in Singapore opened May 2026), supporting customers' China-plus-one supply chain strategies. Distribution is reinforced by franchised partnerships with Navitas (GaN/SiC), DEEPX and Hailo (AI silicon), Digi International, Toradex (SoMs), and Triad Semiconductor. Engineering services are delivered through Tria Technologies (embedded compute), Softweb Solutions (IoT/AI software), Witekio (embedded software), and the Hackster.io developer community.

Avnet goes to market through direct enterprise field sales, inside sales, and self-service digital portals (MyAvnet API, online catalogs), supplemented by regional technology events (e.g., AMD on Wheels roadshow, Avnet TechXperience) and developer ecosystems (element14 Community, Hackster.io). Q3 FY2026 revenue of $7.1B (+34% YoY) reflects strong AI infrastructure and Taiwan-driven demand, with the stock returning 77% over the trailing year and the company maintaining a 13-year consecutive dividend increase streak. AI-related exposure has roughly doubled to 10–15% of revenue, indicating a structural shift in the demand mix toward data center and edge AI applications.

Name

Avnet

Legal name

Avnet, Inc.

Website

https://avnet.com

Company type

Public

Founded year

1921

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Avnet is a global electronic components distributor serving OEMs, Tier I suppliers, and contract manufacturers across automotive, industrial, aerospace, defense, communications, and AI/data center markets through its multi-brand franchise (Farnell, Newark, element14), proprietary IoT and design platforms, and six global system integration centers.

Ownership category

akta.pro rank

Product category

Electronic Components Distribution

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518210)

SIC

Services-Computer Integrated Systems Design (7373), Electronic Computers (3571), Computer Communications Equipment (3576), Aircraft Parts & Auxiliary Equipment, Nec (3728)

akta.pro primary industry

Hyperscale/OEM & Open Compute (OCP) Server Platforms (HDACABAI)

akta.pro secondary industries

Embedded & Industrial Network Interfaces (PCIe/M.2/SOM/SoC NICs) (HDAFAEAI), Embedded Software & Firmware Tools (Compilers, Debug, RTOS tooling) (HDAHAFAE), Avionics Integration, Wiring Harnesses & Installation Kits (IMABAFAL)

Keywords

• Electronic components distribution
• Semiconductor distribution
• Design-in engineering services
• IoT platform solutions
• Supply chain integration

Headquarters

HQ city

Phoenix

HQ country

United States

HQ region

North America

Offices15 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Electronic Components Distribution: Avnet's primary revenue stream through the Electronic Components segment, distributing semiconductors and other electronic components to OEMs, Tier I suppliers, and contract manufacturers. Generated record sales of $6.67 billion in Q3 fiscal 2026.
2. Farnell Segment (Design-in Services): Farnell segment provides design-in services, small-order fulfillment, and technical support through brands including Farnell (Europe), Newark (Americas), and element14 (Asia). Achieved 24% YoY revenue growth and highest operating margin in three years at 5.2%.
3. Value-Added Integration Services: System integration, logistics, and manufacturing capabilities through Avnet Integrated Solutions facilities, providing server and rack build services supporting customers' China-plus-one supply chain strategies.
4. IoT Solutions and Consulting: IoTConnect Platform and associated services helping OEMs accelerate IoT time-to-market through pre-integrated hardware designs, cloud integration with AWS, and full lifecycle device management.

Pricing tiers

Go-to-market motion4 records

Distribution channels8 records

Marketing channels9 records

Core offering

Avnet is a global distributor of electronic components and provider of technology solutions that link component manufacturers with OEMs, Tier I suppliers, and contract manufacturers. It distributes semiconductors and passives through regional brands (Farnell, Newark, element14, Avnet Silica, Avnet Abacus, EBV Elektronik) and layers design-in services, the IoTConnect cloud platform, Design Hub reference designs, and Avnet Integrated Solutions system-build facilities on top of the core distribution business.

Product overview

Avnet is a global technology solutions provider and electronic components distributor headquartered in Phoenix, Arizona. The company operates a multi-brand distribution portfolio including Farnell (Europe), Newark (Americas), and element14 (Asia), alongside proprietary platforms such as the IoTConnect Platform for IoT deployments, the Design Hub offering 1,000+ reference designs, and MyAvnet customer portal with API tools. The company provides engineering services through subsidiaries including Tria Technologies (embedded compute modules), Softweb Solutions (IoT/AI software), and Witekio (embedded software). Avnet Integrated Solutions offers system integration, logistics, and manufacturing capabilities through six global facilities. The company serves customers across automotive, industrial automation, communications, aerospace, defense, healthcare, and data center sectors, supporting AI adoption, electric mobility, industrial automation, and connected systems.

Differentiator

Problem solved

Functional benefit

Brands

• element14: Brand under Farnell serving the Asia Pacific market for electronic components distribution
• Newark
• Avnet Silica
• Avnet Abacus
• EBV Elektronik
• IoTConnect
• Avnet Velocity
• Avnet Integrated Solutions
• Design Hub

Products and services

• Electronic Components Distribution Distribution of electronic components including semiconductors (processors, microcontrollers, memory, logic ICs, RF and wireless), passives and electromechanical components (capacitors, resistors, connectors, inductors, switches), embedded boards and systems, power management, sensors, and cabling. Serves enterprise OEMs, Tier I suppliers, and contract manufacturers in automotive, industrial automation, communications, aerospace and defense, healthcare, and energy end markets with catalogs totaling approximately 5 million parts.
• IoTConnect Platform Cloud-based IoT platform that enables OEMs to design, build, deploy, and manage IoT applications at scale, providing pre-integrated edge-to-cloud hardware designs, secure device management, and integration with AWS services. Targets OEMs deploying connected systems across industrial automation, smart buildings, healthcare, and smart city use cases.
• Design Hub Online engineering platform offering more than 1,000 free reference designs authored by Avnet field application engineers and partners, along with design tools such as AVAIL and manufacturer calculators. Enables design engineers to browse, edit, export designs to CAD, and convert them to bills of materials that can be transferred directly to Avnet's online stores.
• MyAvnet Customer Portal Self-service portal providing part search with real-time stock visibility, account pricing, technical information, BOM management, online quoting, re-order capabilities, and API tools for automated procurement. Designed for purchasing professionals, design engineers, and embedded buyers operating against accounts with contract pricing.
• Avnet Integrated Solutions System integration service providing server and rack build, warehousing, repair depot, and international shipping logistics through six global integration centers including the Singapore facility opened in 2026. Helps customers implement China-plus-one supply chain diversification strategies with advanced warehousing and logistics across APAC.
• Farnell Distribution European small-order distribution business serving design engineers and small manufacturers with a multi-million-part catalog, next-day delivery, technical support, and design-in services. Operates the element14 brand in Asia and the Newark brand in the Americas, and reported 24% YoY revenue growth and a 5.2% operating margin in Q3 fiscal 2026.
• Newark Distribution Americas-focused small-order distribution business operated under the Farnell group, providing design engineers and small-batch manufacturers access to a multi-million-part catalog with next-day delivery on hundreds of thousands of SKUs. Targets the same design engineer and SMB customer profile as Farnell in Europe.
• element14 Engineering community and e-commerce platform serving Asia-Pacific, combining a multi-million-part component catalog with discussion forums and technical content. Serves design engineers and innovators across the region and complements Farnell (Europe) and Newark (Americas).
• Tria Technologies Embedded Compute Modules Embedded compute boards and modules providing productized hardware platforms for OEMs building connected devices. Distributed and supported by Avnet as a wholly owned subsidiary, with multi-OS reference support across Qualcomm-based platforms.
• Softweb Solutions IoT and AI Software Services IoT and AI software development, consulting, and integration services for OEMs building connected devices and intelligent systems. Operates as a wholly owned Avnet subsidiary, complementing distribution and Design Hub offerings with custom software development.
• Witekio Embedded Software Services Embedded software development services and consulting, providing OS-level and middleware expertise for OEMs building embedded and IoT products. Operates as a wholly owned Avnet subsidiary.
• Hackster.io Community Project-based hardware community platform for engineers, makers, and developers to learn programming and build hardware projects. Operates as an Avnet-owned community that complements the element14 community and Farnell/Newark channels.
• Avnet Silica, Avnet Abacus, and EBV Elektronik EMEA Distribution EMEA-focused franchised distribution businesses operating as specialist brands within Avnet: Avnet Silica and EBV Elektronik focus on semiconductor distribution for analog, logic, embedded and wireless products; Avnet Abacus specializes in interconnect, passive, and electromechanical components. Serve European OEM, Tier I, and design engineer customers with deep technical expertise.

Quantifiable outcome

• 34% year-over-year revenue growth in Q3 fiscal 2026 to $7.1 billion, beating analyst estimates by 10.3%
• +3 more outcomes

Named customers5 records

Segments7 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability6 records

Feature4 records

Partnerships

13 partnerships are on record, tiered core and minor.

• Hong Kong Science and Technology Parks Corporation (HKSTP)coreStrategic or Co-development Partner · 17 May 2026Co-incubation initiative (DfMA Launchpad for AI MMP Programme) supporting startups in commercializing AI innovations across Edge AI, Physical AI, and high-performance computing. Selected startups receive up to HKD 100,000 funding, access to EMUS Lab and HKSTP facilities, one-on-one mentorship from Avnet engineers and HKU experts, and connectivity to Avnet's global ecosystem.
• Emerging Microelectronics and Ubiquitous Systems Laboratory (EMUS Lab)coreStrategic or Co-development Partner · 17 May 2026EMUS Lab provides technical facilities and expertise for the 12-month DfMA Launchpad programme, supporting AI hardware startups with testing and validation infrastructure.
• SciTech InstituteminorGTM or Marketing Partner · 10 May 2026Partnership to expand the Chief Science Officers (CSO) program inspiring 6th through 12th-grade students to pursue STEM careers. Program will grow to four Avnet hub locations (Chicago, Gaffney South Carolina, Leeds UK, and Guadalajara Mexico) over two years, building on current base of about 1,000 students across 12 U.S. states and international chapters.
• Amazon Web Services (AWS)coreStrategic or Co-development Partner · 24 April 2026Global strategic partnership integrating AWS services into Avnet's IoTConnect Platform, providing pre-integrated edge-to-cloud hardware designs, full lifecycle secure device management, and scalable full-stack solutions for cloud-connected devices. Both companies expect the partnership to help OEMs design, build, deploy, and manage IoT applications at scale.
• DEEPXcoreChannel Partner/ Reseller/ Distributor · 27 March 2026Global distribution partnership for Seoul-based fabless AI semiconductor company, enabling rapid international expansion across Asia, North America, and Europe. DEEPX secured 27 commercial orders across 8 countries within 7 months of mass production through this distribution network.
• Triad SemiconductorminorChannel Partner/ Reseller/ Distributor · 13 March 2026Distribution partnership for TS5510 Universal Audio AFE, the industry's first 2-channel AFE capable of handling both microphone-level and line-level signals. Triad is partnering with Avnet and DigiKey for global distribution to ProAudio and Prosumer Audio market manufacturers.
• Digi InternationalcoreChannel Partner/ Reseller/ Distributor · 6 January 2026element14 (Avnet brand) expanded distribution partnership with Digi International, strengthening wireless communications offerings and supporting Digi's technologies including Bluetooth, 5G, LoRaWAN, and Zigbee for IoT connectivity products.
• Navitas SemiconductorcoreChannel Partner/ Reseller/ Distributor · 12 December 2025Expanded global distribution agreement making Avnet a globally franchised strategic distribution partner for Navitas' GaNFast gallium nitride (GaN) and GeneSiC silicon carbide (SiC) semiconductor devices. The partnership supports growth in AI data centers, high-performance computing, renewable energy, grid infrastructure, and industrial electrification. Deal consolidates Navitas' franchised distribution network worldwide.
• AMDcoreGTM or Marketing Partner · 4 November 2025Partnership for 'AMD on Wheels' national roadshow in Australia, traveling 4,000+ km through Sydney, Canberra, Melbourne, and Adelaide to showcase AI and high-performance computing solutions. Features case studies from Australian companies including Advanced Navigation, Quantum Brilliance, Liquid Instruments, and Silentium Defence, demonstrating AMD technology for space, quantum, defense, and AI applications.
• HailocoreChannel Partner/ Reseller/ Distributor · 4 November 2025Avnet ASIC selected as channel partner by Hailo for TSMC silicon production, enabling Avnet to support Hailo's AI chip commercialization through manufacturing partnerships.
• Phoenix SemiconductorminorChannel Partner/ Reseller/ Distributor · 14 October 2025Distribution partnership for legacy chips by recreating discontinued components without new silicon or fabrication, addressing supply chain and obsolescence issues for government and commercial clients dependent on long-life, critical technology programs.
• South East Water AustraliacoreOthers · 7 October 2025Partnership to supply Huizhong's SCL61H-100 smart ultrasonic water meters for a 1 million unit rollout, Australia's largest smart water meter program. Avnet established a dedicated water meter test lab at its Melbourne facility, with existing smart meters saving customers approximately AU$2.9 million and 823Ml of water through leak detection during 2023-2024.
• ToradexcoreChannel Partner/ Reseller/ Distributor · 24 September 2025Global distribution partnership for System-on-Modules (SOMs) built with NXP's i.MX applications processors, enabling Avnet to offer Toradex's embedded module products worldwide.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Arrow Electronics: Arrow Electronics is the closest direct competitor to Avnet, offering electronic components distribution and enterprise computing solutions to OEMs and contract manufacturers globally. Both companies serve the same customer base across automotive, industrial, and aerospace/defense verticals with comparable semiconductor and embedded product portfolios.
• WPG Holdings: WPG Holdings is a major Asia-Pacific semiconductor distributor headquartered in Taiwan, directly competing with Avnet's Asian operations. Both companies distribute semiconductors and electronic components to OEMs, with significant overlap in serving AI/data center and server customers in the Taiwan market.
• Future Electronics: Future Electronics is a privately-held global electronic components distributor with comparable breadth across semiconductors, passives, and electromechanical components. It directly competes with Avnet in serving OEMs and contract manufacturers across automotive, industrial, and consumer verticals worldwide.
• DigiKey: DigiKey is a leading high-service electronic components distributor focused on broad-line catalog distribution and small-order fulfillment to engineers and procurement. It competes directly with Avnet's Farnell, Newark, and element14 catalog brands in the design-in and prototyping segment.
• Mouser Electronics: Mouser Electronics is a major catalog distributor focused on design-in engineers and small-to-medium volume orders. It directly competes with Avnet's Farnell/Newark/element14 brands for new product introduction business and engineer mindshare globally.
• RS Group (RS Components): RS Group, operating the RS Components brand, is a UK-headquartered global electronic components distributor serving industrial and maintenance customers. It competes with Avnet's European operations, particularly Farnell, in catalog distribution and small-order fulfillment across EMEA.

Broad incumbents

• TD SYNNEX: TD SYNNEX is a broad-line IT distribution and solutions conglomerate covering IT hardware, software, and emerging technology products. While broader than Avnet's electronic components focus, it competes in adjacent distribution channels serving enterprise and channel partners.
• Ingram Micro: Ingram Micro is a global IT and technology distribution platform with significant scale in IT hardware and emerging technology products. It operates at broader IT distribution scale than Avnet, with overlapping but more diversified product categories.

Others

• Flex Ltd. Flex is a global Electronics Manufacturing Services (EMS) provider that complements Avnet's distribution business. While not a direct distributor, Flex competes for adjacent supply chain wallet share as an integrator/contract manufacturer for OEMs that also buy through Avnet.
• HEICO Corporation: HEICO is a niche aerospace parts supplier serving similar long-lifecycle, high-reliability end markets as Avnet's aerospace & defense segment. While not a direct competitor, it reflects comparable customer segments where Avnet secures long-term supply contracts and obsolescence management business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Avnet
• YouTubeyoutube.com/user/AvnetInc
• Facebookfacebook.com/AvnetInc
• LinkedInlinkedin.com/company/avnet

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries10 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A63 records

Investments6 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Avnet