Avnet, Inc. Files 2025 Annual Report
Ticker: AVT · Form: 10-K · Filed: Aug 15, 2025 · CIK: 8858
| Field | Detail |
|---|---|
| Company | Avnet INC (AVT) |
| Form Type | 10-K |
| Filed Date | Aug 15, 2025 |
| Risk Level | medium |
| Pages | 14 |
| Reading Time | 17 min |
| Key Dollar Amounts | $1.00 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, annual-report, electronics
TL;DR
Avnet's 2025 10-K is in: check financials for electronics wholesale giant.
AI Summary
Avnet, Inc. filed its 10-K for the fiscal year ending June 28, 2025, detailing its financial performance and business operations. The company, headquartered in Phoenix, AZ, operates in the wholesale of electronic parts and equipment. This filing provides a comprehensive overview of Avnet's financial health and strategic direction for investors and stakeholders.
Why It Matters
This 10-K filing provides crucial insights into Avnet's financial standing and operational performance over the past fiscal year, impacting investor decisions and market perception.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Numbers
- 0628 — Fiscal Year End (Indicates the end of the reporting period for the fiscal year.)
- 20250815 — Filing Date (The date the 10-K was officially submitted to the SEC.)
Key Players & Entities
- AVNET INC (company) — Filer
- 20250628 (date) — Fiscal Year End
- 20250815 (date) — Filing Date
- Phoenix, AZ (location) — Business Address
FAQ
What is Avnet, Inc.'s primary business activity?
Avnet, Inc. is primarily involved in the wholesale of electronic parts and equipment, as indicated by its Standard Industrial Classification code [5065].
When did Avnet, Inc.'s fiscal year end for this filing?
Avnet, Inc.'s fiscal year ended on June 28, 2025.
Where is Avnet, Inc. headquartered?
Avnet, Inc. is headquartered in Phoenix, AZ, with its business address listed as 2211 South 47th Street, Phoenix, AZ 85034.
What is the SEC file number for Avnet, Inc.'s 10-K filing?
The SEC file number for Avnet, Inc.'s 10-K filing is 001-04224.
What is the accession number for this specific 10-K filing?
The accession number for this 10-K filing is 0000008858-25-000028.
Filing Stats: 4,288 words · 17 min read · ~14 pages · Grade level 15.2 · Accepted 2025-08-14 17:51:56
Key Financial Figures
- $1.00 — h registered: Common stock, par value $1.00 per share AVT Nasdaq Global Select
Filing Documents
- avt-20250628x10k.htm (10-K) — 2935KB
- avt-20250628xex21d1.htm (EX-21.1) — 104KB
- avt-20250628xex23d1.htm (EX-23.1) — 3KB
- avt-20250628xex31d1.htm (EX-31.1) — 17KB
- avt-20250628xex31d2.htm (EX-31.2) — 17KB
- avt-20250628xex32d1.htm (EX-32.1) — 10KB
- avt-20250628xex32d2.htm (EX-32.2) — 8KB
- avt-20250628x10k002.jpg (GRAPHIC) — 48KB
- 0000008858-25-000028.txt ( ) — 13194KB
- avt-20250628.xsd (EX-101.SCH) — 58KB
- avt-20250628_cal.xml (EX-101.CAL) — 87KB
- avt-20250628_def.xml (EX-101.DEF) — 236KB
- avt-20250628_lab.xml (EX-101.LAB) — 650KB
- avt-20250628_pre.xml (EX-101.PRE) — 487KB
- avt-20250628x10k_htm.xml (XML) — 2938KB
Business
Item 1. Business 3
Risk Factors
Item 1A. Risk Factors 8
Unresolved Staff Comments
Item 1B. Unresolved Staff Comments 17
Cybersecurity
Item 1C. Cybersecurity 17
Properties
Item 2. Properties 19
Legal Proceedings
Item 3. Legal Proceedings 19
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 19 PART II
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 20
[Reserved]
Item 6. [Reserved] 22
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 22
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 32
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 34
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 69
Controls and Procedures
Item 9A. Controls and Procedures 69
Other Information
Item 9B. Other Information 69
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 69 PART III
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 70
Executive Compensation
Item 11. Executive Compensation 70
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 70
Certain Relationships and Related Transactions, and Director Independence
Item 13. Certain Relationships and Related Transactions, and Director Independence 70
Principal Accounting Fees and Services
Item 14. Principal Accounting Fees and Services 70 PART IV
Exhibits and Financial Statement Schedules
Item 15. Exhibits and Financial Statement Schedules 70
Form 10-K Summary
Item 16. Form 10-K Summary 74 Signature Page 76 2 Table of Contents PART I
Business
Item 1. Business Avnet, Inc. and its consolidated subsidiaries (collectively, the "Company" or "Avnet"), is a leading global electronic component technology distributor and solutions provider that has served customers' evolving needs for more than a century. Founded in 1921, the Company works with electronic component manufacturers (suppliers) in every major electronic component segment to serve customers in more than 140 countries. Avnet serves a wide range of customers: from startups and mid-sized businesses to enterprise-level original equipment manufacturers ("OEMs"), electronic manufacturing services ("EMS") providers, and original design manufacturers ("ODMs"). Organizational Structure Avnet has two primary operating groups — Electronic Components ("EC") and Farnell ("Farnell"). Both operating groups have operations in each of the three major economic regions of the world: (i) the Americas, (ii) Europe, Middle East, and Africa ("EMEA") and (iii) Asia/Pacific ("Asia"). Each operating group has its own management team, who manage various functions within each operating group. Each operating group also has distinct financial reporting to the executive level, which informs operating decisions, strategic planning, and resource allocation for the Company as a whole. Regional divisions ("business units") within each operating group serve primarily as sales and marketing units to streamline sales efforts and enhance each operating group's ability to work with its customers and suppliers, generally along more specific geographies or product lines. However, each business unit relies heavily on support services from the operating groups, as well as centralized support at the corporate level. A description of each operating group is presented below. Further financial information by operating group is provided in Note 16 "Segment information" to the consolidated financial statements appearing in Item 8 of this Annual Report on Form 10-K. Electronic Components A
Risk Factors
Item 1A. Risk Factors
Forward-Looking Statements and Risk Factors
Forward-Looking Statements and Risk Factors This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended ("Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") with respect to the financial condition, results of operations, and business of Avnet. These statements are generally identified by words like "believes," "plans," "projects," "expects," "anticipates," "should," "will," "may," "estimates," or similar expressions. Forward-looking statements are subject to numerous assumptions, risks, and uncertainties, and actual results and other outcomes could differ materially from those expressed or implied in the forward-looking statements. Any forward-looking statement speaks only as of the date on which that statement is made. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements to reflect events or circumstances that occur after the date on which the statement is made. Risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements include the risk factors discussed below as well as risks and uncertainties not presently known to the Company or that management does not currently consider material. Such factors make the Company's operating results for future periods difficult to predict and, therefore, prior results do not necessarily indicate results in future periods. Some of the risks disclosed below may have already occurred, but not to a degree that management considers material unless otherwise noted. Any of the below factors, or any other factors discussed elsewhere in this Report, may have an adverse effect on the Company's financial condition, operating results, prospects, and liquidity. Similarly, the price of the Company's common stock is subject to volatility due to fluctuations in general market conditions; actual fi