United States securities and exchange commission logo
April 17, 2024
Kenneth Jacobson
Chief Financial Officer
Avnet, Inc.
2211 South 47th Street
Phoenix, AZ 85034
Re: Avnet, Inc.
Form 10-K Fiscal
Year Ended July 1, 2023
Form 10-Q for
Fiscal Quarter Ended December 30, 2023
File No. 001-04224
Dear Kenneth Jacobson:
We have reviewed your April 12, 2024 response to our comment
letter and have the
following comment(s).
Please respond to this letter within ten business days by
providing the requested
information or advise us as soon as possible when you will respond. If
you do not believe a
comment applies to your facts and circumstances, please tell us why in
your response.
After reviewing your response to this letter, we may have
additional comments. Unless
we note otherwise, any references to prior comments are to comments in
our March 15, 2024
letter.
Form 10-Q for Fiscal Quarter Ended December 30, 2023
Note 2. Working Capital
Inventories, page 8
1. We note your response
to prior comment 2. Please further explain to us your accounting
for transactions for
electronic components held for supply chain service engagements by
providing example
representative journal entries (with example dollar amounts)
you record upon
receipt, preparation, and delivery of such components (including
the effects of such
transactions on your inventory, revenue, cost of sales, and any other
impacted accounts).
Kenneth Jacobson
FirstName
Avnet, Inc.LastNameKenneth Jacobson
Comapany
April NameAvnet, Inc.
17, 2024
April 217, 2024 Page 2
Page
FirstName LastName
Please contact Robert Shapiro at 202-551-3273 or Lyn Shenk at
202-551-3380 if you
have questions regarding comments on the financial statements and related
matters.
Sincerely,
Division of
Corporation Finance
Office of Trade &
Services