Summer 2026
Posted on 4/29/2026
Global technology distribution and solutions provider
$20/hr
No H1B Sponsorship
Phoenix, AZ, USA
Hybrid
Bachelor's
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Avnet distributes electronic components and IT solutions to customers worldwide. It sources parts from suppliers and provides services such as design-in support, supply chain management, logistics, and systems integration to help bring products to market. The company differentiates itself through a long history, broad supplier and customer networks, and a global footprint that enables end-to-end distribution and value-added services at scale. Its goal is to help technology makers move from idea to product quickly and reliably with a comprehensive, globally integrated platform.
Company Size
10,001+
Company Stage
IPO
Headquarters
Phoenix, Arizona
Founded
1921
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Holidays
401(k) Retirement Plan
401(k) Company Match
Family Planning Benefits
Long-term and Short-term Disability Insurance
Education Assistance
Professional Development Budget
Wellness Program
Avnet reported strong second-quarter results, beating analyst estimates with revenue of $8.30 billion versus expected $7.51 billion and adjusted earnings per share of $2.28 versus $1.77. Revenue grew 47.7% year-on-year. CEO Philip Gallagher attributed the performance to strengthening demand across Electronic Components and Farnell divisions, improved operating leverage, and disciplined expense management. The company cited broad-based growth across core markets rather than concentration in a single sector. During the earnings call, analysts questioned the role of memory pricing, with management noting approximately one-third of sales and gross profit growth came from memory price increases. Management described the industry cycle as still in early stages. Avnet issued third-quarter guidance with revenue of $9.15 billion and adjusted earnings per share of $2.85 at midpoint, both exceeding analyst expectations.
Avnet and Weston Robot bring Physical AI to industrial operations with autonomous inspection robot. 05/08/2026 AMD-powered solution combines edge AI, intelligent perception and autonomous navigation to help organizations improve safety, efficiency and operational resilience SINGAPORE, Aug. 5, 2026 /PRNewswire/ - Avnet and Weston Robot today announced a collaboration to accelerate the adoption of Physical AI in industrial environments through an AI-powered inspection platform that enables intelligent machines to perceive, analyze and respond autonomously to real-world operating conditions. Machine Learning & Artificial Intelligence Developed by Avnet and Weston Robot, the AI-powered autonomous inspection robot performs intelligent inspections across complex industrial environments. As industrial facilities become larger, more complex and increasingly data-driven, organizations are looking beyond traditional automation to intelligent systems that can continuously monitor operations, identify potential risks and respond in real time. Combining Avnet's expertise in advanced computing technologies, ecosystem enablement and embedded AI solutions with Weston Robot's leadership in intelligent robotics and autonomous systems, the companies have developed an advanced inspection platform that demonstrates how artificial intelligence can move beyond software to autonomous action in the physical world. Leveraging Avnet's ecosystem of technology partners, engineering expertise and advanced computing platforms, the collaboration enables customers to accelerate the deployment of intelligent robotics solutions from development through production while reducing complexity and speeding time to market. Powered by AMD Ryzen(TM) AI Embedded processors, the platform executes AI workloads directly on the device, enabling low-latency AI inference, faster decision-making and reliable operation even where cloud connectivity is limited. By processing data at the edge, organizations can detect operational issues earlier, reduce inspection costs and improve operational continuity. Designed for manufacturing, energy, utilities, transportation, logistics and critical infrastructure, the inspection platform performs continuous monitoring across large and complex facilities. Its intelligent inspection capabilities include object and anomaly detection, identification of people and vehicles, personal protective equipment (PPE) compliance monitoring, unauthorized intrusion detection, and thermal and visual inspections that help identify hotspots, fluid leaks and equipment abnormalities before they develop into costly operational failures. Built for challenging industrial environments, the autonomous inspection robot operates reliably where GPS signals are unavailable or unreliable. Using advanced 3D LiDAR simultaneous localization and mapping (SLAM), it continuously builds high-precision digital maps, navigates autonomously, dynamically avoids obstacles and optimizes inspection routes in real time. These capabilities enable deployment across factories, warehouses, ports, utilities, tunnels and other mission-critical environments. The solution integrates AI perception, real-time anomaly detection, intelligent path planning and autonomous navigation on a single platform. Powered by AMD embedded AI processing technology, it delivers up to 50 TOPS of AI performance while supporting AI-driven inspection, thermal and visual analytics, 3D LiDAR mapping and dependable operation in GPS-denied environments. "Physical AI represents the next evolution of artificial intelligence - one where intelligent systems can perceive, reason and act autonomously in the real world," said Arthur Chung, Vice President, Sales & Supplier Management, Avnet Asia. "Through our collaboration with Weston Robot, we are bringing together advanced computing, edge AI and robotics to help organizations scale industrial intelligence, strengthen safety and improve operational resilience. As organizations move beyond AI experimentation, intelligent autonomous systems will become an essential part of smarter, safer and more efficient industrial operations." Machine Learning & Artificial Intelligence "Industrial environments generate enormous volumes of operational data, yet many inspection processes remain manual, reactive and resource-intensive," said Dr. Zhang Yanliang, Chief Scientist, Weston Robot. "By combining robotics, AI and edge computing, we are enabling a new generation of intelligent systems that continuously monitor critical infrastructure, detect anomalies earlier and deliver actionable insights in real time. We believe Physical AI will become a foundational technology powering the next generation of industrial operations." As organizations continue to invest in intelligent automation, the collaboration between Avnet and Weston Robot demonstrates the growing convergence of robotics, edge computing and artificial intelligence. Together, the companies are helping customers move Physical AI from concept to deployment, enabling intelligent systems that can continuously observe, understand and act autonomously across real-world industrial environments. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for more than a century. Through regional and specialized businesses around the world, Ohsem.me support customers and suppliers at every stage of the product lifecycle. Ohsem.me help companies adapt to change and accelerate the design and supply stages of product development. With a unique viewpoint from the center of the technology supply chain, Avnet is a trusted partner that solves complex design and supply chain issues so customers can realize revenue faster. Learn more about Avnet at www.avnet.com. About Weston Robot Weston Robot is a leading provider of intelligent robotics and autonomous mobile systems focused on advancing the adoption of Physical AI across industrial, commercial and public-sector applications. The company develops autonomous robots that integrate artificial intelligence, computer vision, advanced perception, autonomous navigation and edge computing to enable intelligent inspection, security, logistics and operational automation. Weston Robot's solutions help organizations improve safety, efficiency and operational resilience in complex real-world environments. 02/07/2026 18/08/2014 13/05/2026 27/04/2026 30/04/2026 Discover more Smart home devices Technology trends analysis Consumer electronics news
Avnet and Weston Robot have collaborated to develop an AI-powered autonomous inspection platform for industrial environments. The solution combines edge AI, intelligent perception, and autonomous navigation to help organisations improve safety and operational efficiency. Powered by AMD Ryzen AI Embedded processors, the platform executes AI workloads directly on devices, enabling low-latency inference and reliable operation in areas with limited cloud connectivity. It performs continuous monitoring across manufacturing, energy, utilities, transportation, and logistics facilities. The inspection robot uses 3D LiDAR simultaneous localisation and mapping to navigate autonomously in GPS-denied environments. Its capabilities include object and anomaly detection, PPE compliance monitoring, intrusion detection, and thermal inspections to identify equipment abnormalities. The platform delivers up to 50 TOPS of AI performance, integrating AI perception, real-time anomaly detection, and intelligent path planning on a single system designed for challenging industrial conditions.
Avnet and Weston Robot bring Physical AI to industrial operations with autonomous inspection robot. Published Aug 05, 2026, 10:00 AM AMD-powered solution combines edge AI, intelligent perception and autonomous navigation to help organizations improve safety, efficiency and operational resilience SINGAPORE, Aug. 5, 2026 /PRNewswire/ - Avnet and Weston Robot today announced a collaboration to accelerate the adoption of Physical AI in industrial environments through an AI-powered inspection platform that enables intelligent machines to perceive, analyze and respond autonomously to real-world operating conditions. Developed by Avnet and Weston Robot, the AI-powered autonomous inspection robot performs intelligent inspections across complex industrial environments. As industrial facilities become larger, more complex and increasingly data-driven, organizations are looking beyond traditional automation to intelligent systems that can continuously monitor operations, identify potential risks and respond in real time. Combining Avnet's expertise in advanced computing technologies, ecosystem enablement and embedded AI solutions with Weston Robot's leadership in intelligent robotics and autonomous systems, the companies have developed an advanced inspection platform that demonstrates how artificial intelligence can move beyond software to autonomous action in the physical world. Leveraging Avnet's ecosystem of technology partners, engineering expertise and advanced computing platforms, the collaboration enables customers to accelerate the deployment of intelligent robotics solutions from development through production while reducing complexity and speeding time to market. Powered by AMD Ryzen(TM) AI Embedded processors, the platform executes AI workloads directly on the device, enabling low-latency AI inference, faster decision-making and reliable operation even where cloud connectivity is limited. By processing data at the edge, organizations can detect operational issues earlier, reduce inspection costs and improve operational continuity. Designed for manufacturing, energy, utilities, transportation, logistics and critical infrastructure, the inspection platform performs continuous monitoring across large and complex facilities. Its intelligent inspection capabilities include object and anomaly detection, identification of people and vehicles, personal protective equipment (PPE) compliance monitoring, unauthorized intrusion detection, and thermal and visual inspections that help identify hotspots, fluid leaks and equipment abnormalities before they develop into costly operational failures. Built for challenging industrial environments, the autonomous inspection robot operates reliably where GPS signals are unavailable or unreliable. Using advanced 3D LiDAR simultaneous localization and mapping (SLAM), it continuously builds high-precision digital maps, navigates autonomously, dynamically avoids obstacles and optimizes inspection routes in real time. These capabilities enable deployment across factories, warehouses, ports, utilities, tunnels and other mission-critical environments. The solution integrates AI perception, real-time anomaly detection, intelligent path planning and autonomous navigation on a single platform. Powered by AMD embedded AI processing technology, it delivers up to 50 TOPS of AI performance while supporting AI-driven inspection, thermal and visual analytics, 3D LiDAR mapping and dependable operation in GPS-denied environments. "Physical AI represents the next evolution of artificial intelligence - one where intelligent systems can perceive, reason and act autonomously in the real world," said Arthur Chung, Vice President, Sales & Supplier Management, Avnet Asia. "Through our collaboration with Weston Robot, we are bringing together advanced computing, edge AI and robotics to help organizations scale industrial intelligence, strengthen safety and improve operational resilience. As organizations move beyond AI experimentation, intelligent autonomous systems will become an essential part of smarter, safer and more efficient industrial operations." "Industrial environments generate enormous volumes of operational data, yet many inspection processes remain manual, reactive and resource-intensive," said Dr. Zhang Yanliang, Chief Scientist, Weston Robot. "By combining robotics, AI and edge computing, we are enabling a new generation of intelligent systems that continuously monitor critical infrastructure, detect anomalies earlier and deliver actionable insights in real time. We believe Physical AI will become a foundational technology powering the next generation of industrial operations." As organizations continue to invest in intelligent automation, the collaboration between Avnet and Weston Robot demonstrates the growing convergence of robotics, edge computing and artificial intelligence. Together, the companies are helping customers move Physical AI from concept to deployment, enabling intelligent systems that can continuously observe, understand and act autonomously across real-world industrial environments. About Avnet As a leading global technology distributor and solutions provider, Avnet has served customers' evolving needs for more than a century. Through regional and specialized businesses around the world, we support customers and suppliers at every stage of the product lifecycle. We help companies adapt to change and accelerate the design and supply stages of product development. With a unique viewpoint from the center of the technology supply chain, Avnet is a trusted partner that solves complex design and supply chain issues so customers can realize revenue faster. Learn more about Avnet at www.avnet.com. About Weston Robot Weston Robot is a leading provider of intelligent robotics and autonomous mobile systems focused on advancing the adoption of Physical AI across industrial, commercial and public-sector applications. The company develops autonomous robots that integrate artificial intelligence, computer vision, advanced perception, autonomous navigation and edge computing to enable intelligent inspection, security, logistics and operational automation. Weston Robot's solutions help organizations improve safety, efficiency and operational resilience in complex real-world environments. The issuer is solely responsible for the content of this announcement.
Avnet (NASDAQ:AVT) announces quarterly earnings results. August 5, 2026 Key points. * Avnet significantly exceeded quarterly expectations: Revenue rose 47.7% year over year to $8.30 billion, while earnings reached $2.28 per share versus the roughly $1.80 consensus estimate. * Management issued strong fiscal 2027 first-quarter guidance, projecting $9.0 billion-$9.3 billion in sales and adjusted EPS of $2.80-$2.90, supported by broad demand recovery, improving book-to-bill ratios and solid backlog visibility. * Growth risks remain: Memory pricing contributed materially to sales and gross-profit growth, while accelerating expansion is expected to consume cash through higher inventory and receivables; analysts' consensus rating remains "Hold." * Five stocks to consider instead of Avnet. Avnet (NASDAQ:AVT - Get Free Report) posted its earnings results on Wednesday. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.48, FiscalAI reports. Avnet had a return on equity of 7.07% and a net margin of 0.86%.The company had revenue of $8.30 billion for the quarter, compared to analyst estimates of $7.56 billion. During the same period last year, the company earned $0.81 earnings per share. The business's revenue was up 47.7% compared to the same quarter last year. Avnet updated its Q1 2027 guidance to 2.800-2.900 EPS. Here are the key takeaways from Avnet's conference call: * Record fourth-quarter performance: Avnet reported $8.3 billion in sales, up 48% year over year, with adjusted EPS of $2.28 and adjusted operating margin of 3.8%, both above guidance. * Management cited a broadening demand recovery, with all regions and end markets showing improvement, book-to-bill ratios above one, extending lead times, and healthy backlog visibility into fiscal 2027. * Operating leverage continued to expand margins, while Farnell's operating margin rose to 9%; management expects Farnell to reach double-digit margins before the end of fiscal 2027 and SG&A as a percentage of gross profit to fall below 60%. * Avnet guided first-quarter fiscal 2027 sales to $9.0 billion-$9.3 billion and adjusted EPS to $2.80-$2.90, implying roughly 10% sequential sales growth at the midpoint, primarily from higher unit volumes. * Memory pricing accounted for roughly one-third of sales and gross-profit-dollar growth, while broader component price increases are emerging; the company also expects to use cash to fund inventory and receivables as growth accelerates, despite leverage improving to 3.2 times. Avnet stock performance. Shares of Avnet stock traded up $4.69 during midday trading on Wednesday, hitting $97.22. The company had a trading volume of 2,723,022 shares, compared to its average volume of 1,238,469. Avnet has a 1-year low of $44.25 and a 1-year high of $98.67. The business's 50 day simple moving average is $87.72 and its two-hundred day simple moving average is $74.70. The stock has a market cap of $7.97 billion, a PE ratio of 37.83, a P/E/G ratio of 0.28 and a beta of 1.09. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.01 and a quick ratio of 1.05. Avnet dividend announcement. The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd were given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Wednesday, June 3rd. Avnet's dividend payout ratio is currently 54.47%. Wall Street analysts forecast growth. A number of research analysts recently weighed in on the company. Weiss Ratings downgraded Avnet from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Tuesday, July 28th. Zacks Research cut Avnet from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 30th. Truist Financial increased their price target on Avnet to $95.00 and gave the company a "buy" rating in a report on Wednesday, April 29th. Bank of America raised shares of Avnet from an "underperform" rating to a "neutral" rating and lifted their price target for the company from $66.00 to $96.00 in a research report on Wednesday, May 13th. Finally, Wells Fargo & Company boosted their price objective on shares of Avnet from $70.00 to $72.00 and gave the stock an "underweight" rating in a research note on Monday, July 20th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $89.50. Discover more Stock Market Holidays Stock Split Calculator Avnet news summary. Here are the key news stories impacting Avnet this week: * Positive Sentiment: Fourth-quarter results exceeded expectations. Avnet reported adjusted earnings of $2.28 per share, versus the $1.76-$1.80 analyst consensus, while revenue reached $8.30 billion compared with expectations of approximately $7.56 billion. Revenue increased 47.7% from the prior-year quarter, and earnings rose sharply from $0.81 per share. Avnet Q4 Earnings and Revenues Surpass Estimates * Positive Sentiment: Fiscal 2027 first-quarter guidance was well above Wall Street forecasts. Avnet projected revenue of $9.0 billion to $9.3 billion and earnings of roughly $2.80 to $2.90 per share, compared with consensus estimates of $7.6 billion in revenue and $1.84 EPS. The outlook suggests momentum is continuing into the new fiscal year. Avnet Earnings Report * Positive Sentiment: Growth was broad enough to support the upbeat reaction. Fiscal 2026 sales totaled $27.6 billion, up 25% year over year. Fourth-quarter Electronic Components sales were $7.8 billion, while Farnell contributed $500.1 million; the company also returned capital through dividends and share repurchases. Avnet Reports Fourth Quarter and Fiscal 2026 Financial Results * Neutral Sentiment: Investors will likely focus on whether Avnet can sustain the unusually strong growth and convert higher sales into improved profitability, given the reported net margin of only 0.86%. * Negative Sentiment: Recent insider activity showed sales by the chief executive, chief financial officer, and another senior executive. These transactions may temper sentiment, although they do not offset the earnings and guidance beats. Avnet Reports Record Fourth-Quarter Sales Institutional inflows and outflows. Institutional investors and hedge funds have recently made changes to their positions in the stock. Summit Securities Group LLC acquired a new stake in Avnet during the fourth quarter worth about $28,000. BOKF NA lifted its position in shares of Avnet by 1,116.7% in the 3rd quarter. BOKF NA now owns 584 shares of the company's stock worth $31,000 after acquiring an additional 536 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Avnet during the 4th quarter worth approximately $90,000. EverSource Wealth Advisors LLC increased its position in shares of Avnet by 81.8% during the second quarter. EverSource Wealth Advisors LLC now owns 1,918 shares of the company's stock valued at $102,000 after purchasing an additional 863 shares during the period. Finally, Quarry LP increased its position in shares of Avnet by 6,080.5% during the fourth quarter. Quarry LP now owns 2,534 shares of the company's stock valued at $122,000 after purchasing an additional 2,493 shares during the period. Institutional investors own 95.78% of the company's stock. Avnet company profile. Avnet, Inc NASDAQ: AVT is a global technology distributor and solutions provider specializing in the sourcing, design, and supply chain management of electronic components and embedded systems. The company offers a broad portfolio of semiconductors, interconnect, passive and electromechanical components, as well as embedded hardware and software, cloud solutions, and Internet of Things (IoT) services. Avnet's offerings aim to support customers through every stage of the product lifecycle, from initial prototype and design to production and end-of-life management. Founded in 1921 by Charles Avnet, the company has evolved from a regional radio parts supplier into a multinational enterprise. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Avnet, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Avnet wasn't on the list. While Avnet currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys. Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.