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Avnet has posted Q3 sales of $7.1 billion, an increase of 34% year-on-year and 13% sequentially. Commented Avnet Chief Executive Officer Phil Gallagher (pictured): “Sales and earnings exceeded our expectations, with double-digit sales growth both sequentially and year over year. Our team is executing well, driving improved operating margins and leverage, supported by continued disciplined
Avnet’s Q2 revenues were driven by strong demand in compute and aerospace and defence, says CEO Phil Gallagher. “Sales increased sequentially in most of the verticals we serve, year-over-year, we also saw a broad-based improvement across most verticals,” he commented. Turning to today’s market, Gallagher added: “Demand signals continue to reset globally, resulting in lead
Avnet beat expectations in Q2 reporting year on year revenues up 11.6% to $6.32 billion. “We delivered year-over-year sales growth across all of our electronic components regions and Farnell, and both total company revenue and earnings per share were above our expectations,” commented Phil Gallagher, Avnet Chief Executive Officer. “Sequentially, our adjusted operating income grew
If you work in electronics design, you’re already feeling the pressure to put AI in your product. Avnet recently released its fifth annual Avnet Insights survey which shows how your peers are actually deploying AI today – especially at the Edge – and what will matter most to your designs over the next 12–24 months.
In today’s hyperconnected world, supply chains face constant threats – from geopolitical shifts to natural disasters. For procurement professionals, the old playbook of cost-cutting and efficiency is no longer enough. The new imperative is resilience by design: building supply networks that not only survive disruptions but thrive because of them. Only a data-driven strategy with
Artificial intelligence’s (AI) integration in designed products and solutions is here, and engineers are embracing the technology while identifying the challenges it may present. This is according to Avnet’s fifth annual Avnet Insights survey, which has been keeping a pulse on how engineers are responding to the market – and looking ahead – since 2021.
Silanna Semiconductor, a global specialist in analog innovation, announced a strategic franchise agreement with Avnet. Under the terms of the deal, Avnet will market, distribute, and provide technical design support for Silanna Semiconductor’s complete family of products to engineering teams in the Americas. The agreement is effectively immediately and includes Silanna’s Plural 10- to 16-bit
Avnet is a company with more than 100 years of history. It was founded in New York City in 1921 by Charles Avnet, who began buying and selling surplus radio parts on Radio Row following the First World War. During the mid-twenties, as factory-made radios became common, Avnet shifted from retail to supplying parts to
For the fifth consecutive year, Avnet will release its Avnet Insights survey, which has been keeping a pulse on how engineers are responding to market dynamics since 2021. This year’s survey provides new insight into how engineers are embracing artificial intelligence (AI), and the continued promise and challenges this latest technological evolution presents for product
Avnet has made a fast start to its new financial year reporting Q1 revenues of $5.9 billion, up 3.3% year on year and 5.5% sequentially, propelled by strong performances by Farnell and in the Asia region. “In the first quarter, our sales and earnings exceeded our expectations, led by double-digit year-over-year sales growth in Farnell