Avnet is a global distributor and solutions provider of electronic components and related products, serving manufacturers, original equipment manufacturers (OEMs), electronic manufacturing services providers, and other customers across more than 140 countries. The company operates two primary business segments: Electronic Components, which distributes semiconductors, interconnect and passive components, and computers primarily to high and medium-volume customers; and Farnell, which serves lower-volume customers requiring rapid prototyping through e-commerce channels. Avnet generates revenue by sourcing products from electronic component manufacturers under franchised distribution agreements and distributing them to customers, while also offering value-added services including design solutions, supply chain optimization, assembly, testing, and logistics support that enable customers to reduce capital investments and accelerate product development.