The company pointed to continued broad end-market growth both year-over-year and sequentially, while pricing advanced primarily in memory-related products.
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It was the sixth consecutive quarter of year-over-year sales growth in Asia for the electronic components distributor.
It was the fifth consecutive quarter of year-over-year sales growth in Asia for electronic components distributor Avnet, while its Americas sales returned to growth.
From smarter inspections and technical support to demand planning, sourcing, and inventory optimization, this article by Avnet's CIO explores how distributors can leverage AI as a true agent of change to drive efficiency, resilience and competitive advantage.
Asia has reported its fourth consecutive quarter of year-over-year sales growth for electronic components distributor Avnet.
Gilles Beltran, current president Avnet’s European semiconductor specialist division, will take over the post.
Electronic components distributor Avnet will move its Phoenix HQ to a 150,000-square-foot building in Tempe, AZ.Â
Sales in the Americas and EMEA were down YoY and sequentially, while sales in Asia increased substantially.
Sales declined in the Americas and EMEA year-over-year, but Asia sales increased for the second consecutive quarter.
Sales in both its Electronic Components and Farnell business units declined by double digits.
The company appointed a 25-year industry veteran to the newly-created role.
Sales sequentially decelerated in 4Q during what the company cited as challenging market conditions.
Avent introduces a new product brand, and Tria Technologies, a business unit aimed at consolidating compute design and manufacturing.
With 30 years of experience in the semiconductor industry, Rebeca Obregon was tapped to lead the electronics components distributor Farnell.
Sales sequentially decelerated further amid what the company cited as economic softness and lower market demand.
October-December Avnet sales fell 5.5% year-over-year in the Americas.
Avnet's third annual Insights Survey revealed engineers' growing optimism about supply chain conditions, but uncertainty about demand.
The tool aims to help engineers create designs faster by giving them visibility into available products and the knowledge to put them to use.
Products manufactured at the campus are typically for original equipment manufacturers (OEM) customers, Avnet said.
On a constant currency basis, sales decreased 7.8% year-over-year and decreased 2.9% sequentially, Avnet said in a news release.
