Staff Design & Quality Control Engineer

Avnet shares hit all-time high as Phoenix distributor reports record $8.3B quarter. Shares of Avnet Inc. hit an all-time high Wednesday after the Phoenix-based global electronics component distributor reported record-breaking sales for the fourth fiscal quarter, driven by growth across all key business segments. Avnet, Arizona's largest publicly traded tech company, generated $8.3 billion in revenue during fiscal Q4 that ended June 27, a 48% increase over the prior-year quarter. The company's quarterly revenue also exceeded Wall Street expectations as the Zacks Consensus Estimate predicted quarterly revenue of $7.45 billion. "Our fourth quarter results underscore the strength of Avnet's business model and the impact of our disciplined execution and long-term strategy. We delivered record sales while growing profitability at more than two and a half times the rate of sales growth, demonstrating the operating leverage in our business model," Phil Gallagher, Avnet's CEO, told the Business Journal in an exclusive interview. "Momentum continues to build across all regions, end markets and customer segments, giving us increasing confidence in our competitive position." Avnet's electronic components segment - a significant part of its business - generated a record high $7.8 billion in sales, a 17% increase compared to the prior year. The company saw a 27.6% year-over-year increase in U.S. market sales with that segment generating $2 billion in the fourth fiscal quarter, according to a regulatory filing. Asia market sales also reached a record high of $3.9 billion, marking the company's eighth consecutive quarter of year-over-year growth in that region, Gallagher said. Farnell - a segment of Avnet's business that distributes electronics components and industrial products - generated $500 million in revenue. "We are excited not only by the magnitude of the growth, but the breadth of the recovery across all regions and end markets," Gallagher said. "This gives us confidence that the improvement in demand is not tied to a single market or trend, but reflects a broader demand recovery across the diverse applications that require electronic components." Shares of Avnet reached an all-time high of $98.67 in midmorning trading Wednesday on news of the company's financial results, closing at $97.22, up 5%. The shares kept up the momentum after hours, adding another 4% to $101.40. During the fiscal quarter, Avnet improved its inventory to 71 days, its lowest level in nearly four years. In addition, Avnet reported $27.6 billion in sales for the full year in fiscal 2026, a 25% increase over the prior year. "Looking back, fiscal 2026 was a year when many of the indicators we have been discussing for several quarters began to translate into stronger results," Gallagher said. "Book to bills improved, backlog grew, customer demand visibility and ordering patterns strengthened, lead times extended in most product categories, and demand creation activity remained healthy." Company's recent moves pay off. Throughout the year, Avnet strengthened supplier relationships, supported customers through a "more complex demand environment" and expanded its technical and digital capabilities, all of which positions the company to capture additional business in high-growth markets. Investments that support AI are accelerating demand for power management, connectivity, automation and other enabling technologies across a wide range of applications, increasing overall semiconductor and component content across the markets Avnet serves, Gallagher said. The company is expanding its engagements with a growing number of original equipment manufacturers in data center infrastructure, networking and transportation. "We also see new demand from customers that are deploying AI at the edge. These customers are in our industrial sweet spot, which we are well positioned to serve," Gallagher added. Avnet's market performance is closely tied to the global electronics distribution sector, semiconductor supply cycles, and industrial demand. As a major distributor of electronic components, its financial performance may react to component lead times, inventory movement by manufacturers, and sectors like artificial intelligence infrastructure, automotive electronics, and data centers. When asked about Avnet's financial results in relation to the overall health of the semiconductor and industrial markets, Gallagher said the company's performance speaks volumes to the robust demand in those two segments. "The application of technology is ramping, and everywhere you look there's more applications, thus more semiconductor chips required, and it just kind of builds on itself," Gallagher said. "...We're going to manage it closely and stay operationally focused on execution and always remain humble as we compete through this market, but I think it speaks volumes with our diversification and that kind of growth. It's good for semiconductors." Avnet expects to generate between $9 billion and $9.3 billion and earnings per share between $2.80 and $2.90 in Q1 of fiscal 2027. Avnet's favorable financial results come as the company continues to progress on buildout of its new global headquarters in Tempe. Last year, Avnet purchased a 150,000-square-foot office building for its new global headquarters at 2155 S. Science Drive in ASU Research Park. Avnet has occupied its current 180,000-square-foot headquarters in Phoenix since 1997, but the company's lease is expiring this year, and "it was just time" to make the move to a new location, Gallagher told the Business Journal in September. Avnet anticipates relocating to its new headquarters building in the next 30 to 45 days, Gallagher said. Avnet is Arizona's second-largest largest public company with 1,200 employees in the state and 15,000 globally, according to Business Journal research.

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.