So far, the revenue data of the top 4 global electronic component distributors in the first half of 2025 have been released.On 6 August, Eastern Time, Avnet released its financial reports for FY2025Q4 (corresponding to CY2025Q2) and FY2025 (corresponding to CY2024Q3 to CY2025Q2) for the year ended 25 June 2025. So far, the revenue data of the top 4 global electronic component distributors in the first half of 2025 have been released.Avnet announced revenue for the first half of 2025.According to its latest financial report, Avnet’s revenue in Q2 2025 was £5,617.8 million, Q2 revenue YoY% was 0.99%, and net profit was £6.089 million. So far, Avnet’s FY2025 revenue was £22.201 billion (down 6.55% YoY%) and net profit was £240 million (down 51.83% YoY%).
In order to facilitate the comparison of the performance of different listed electronic component distributors at the same time, the author counted Avnet’s revenue data on the basis of the natural year. In the first half of this year, the company’s revenue totalled £10.933 billion, down 2.53% from £11.217 billion in the same period last year.By region, Avnet’s sales in Asia showed a positive growth trend: in Q2 2025 (FY2025Q4), sales in Asia increased by 17.6% YoY% and by 8.4% in Q1 2025 (FY2025Q3). Avnet also said that “sales in Asia increased year-on-year for the fourth consecutive quarter.” This means that the Asian electronic components market has continued to recover.
The TOP4 in the first half of the year was released: Wen Ye was the first, Avnet was the fourth.
With Avnet announcing its FY2025Q4 financial report, the revenue of the top 4 distributors in the first half of 2025 has been released. The 2025 revenue mentioned in this article uses the average exchange rate from January to June 2025, and 1 US dollar is approximately equal to 31.6058 New Taiwan dollars.According to the statistics in Table 1, in the first half of this year, Wenye Technology continued to rank first in the world with revenue of NT$506.928 billion (about US$16.039 billion); WPG ranked second in the world with revenue of NT$499.286 billion (approximately US$15.797 billion); Arrow Electronics, which ranked third, had revenue of $14.394 billion, and Avnet ranked fourth with revenue of $10.933 billion.The TOP ranking may change in the second half of the year.In recent years, with the global supply restructuring and regional layout of the semiconductor industry, the market performance of different regions has also shown a more differentiated trend. The companies in the TOP4 are from the United States (Arrow Electronics, Avnet) and Taiwan (Wenye Technology, WPG), and the semiconductor industry in these two regions has different characteristics.
In Figure 2, the author compares the quarterly revenue YoY% data of the two distributors, Arrow Electronics and Avnet, from Q1 2022 to Q2 2025. It can be seen that Avnet and Arrow Electronics have similar quarterly trends, starting from Q1 2023 to entering negative revenue growth in Q2 2025, and their revenue has experienced a significant trough period.
Then, taking Q1 2024 to Q2 2025 as the statistical calibre, observe the YoY% trend of revenue of TOP4 distributors during this period. Wenye Technology and WPG performed outstanding quarterly revenue growth, with an average growth rate of double digits.Looking closely at the trend of the 3-line line in Figure 3, although the overall revenue growth rate of WPG and Wenye Technology is better than that of Arrow Electronics and Avnet, the first two have shown a trend of slowing down. At the same time, Arrow Electronics and Avnet continued to grow their quarterly revenue.It is foreseeable that if this trend continues in the second half of the year, the revenue ranking of the TOP4 distributors in 2025 may also change.
The proportion of TOP4 distributors in each region is different. As mentioned earlier, the semiconductor market in different regions is showing a trend of differentiation. In order to share the risk, many electronic component distributors often choose to enter the global market to obtain more business opportunities and market potential after their business has developed to a certain extent, and many established distributors adhere to this strategy.Avnet and Arrow Electronics are both multinational electronic component distributors from the United States, and they have business in the Americas, Asia, and EMEA.In the first half of 2025, the American market contributed 36.41% of the company’s revenue, the EMEA market contributed 35.65% of the revenue, and the other 27.94% of the revenue came from Asia; In the first half of the year, Avnet performed well in the Asian market, with about 47.32% of revenue contributed by the region, followed by the EMEA market providing nearly 29% of revenue, and the Americas market accounting for nearly 24% of revenue.
Wenye Technology and WPG are distributors from Taiwan, China. According to Wenye Technology’s 2024 annual report, about 52% of the company’s revenue comes from Chinese mainland and Taiwan, and about 35% of its revenue comes from the United States; WPG’s regional characteristics are even more prominent, with more than 85% of its revenue contributed by Chinese mainland and Taiwan in 2024. This feature also means that WPG’s performance is more susceptible to single market fluctuations.In addition, pay attention to the vertical comparison of different product application categories. Wenye Technology announces the proportion of product application categories in total revenue every quarter, and this article takes the company as an example.
In Q2 2025, Wenye Technology’s data centre and server revenue increased by about 5% year-on-year compared with Q2 2024, but the proportion of revenue in the same period decreased by 0.6%. This means that the company’s revenue growth rate in other product categories is greater than that of data centres and servers.As shown in the lower right bar chart of Figure 5: In Q2 2025, the year-on-year revenue growth rate of Wenye Technology’s communications (YoY% 13%), consumer and others (YoY% 7%), personal computers and peripherals (YoY% 23%), and mobile phones (YoY% 13%) exceeded that of data centres and servers. The above changes are related to the recovery of the consumer electronics market.The recovery of consumer electronics in the first half of the year drove the performance of distributors. Since last year, the consumer electronics market has repeatedly reported news of recovery. In mid-2024, as the performance of industrial chain companies in the first half of the year surfaced, most of the performance showed signs of a rebound in performance. However, at that time, some experts said that it would take a certain amount of time for the transmission of industry recovery, and the progress of the recovery of enterprises in different industrial chains was not consistent.Today, the call for a recovery in the consumer electronics market has continued for several quarters. According to Apple’s financial report for the FY2025Q3 fiscal quarter (corresponding to CY2025Q2), total revenue reached $94.036 billion, a year-on-year increase of 10%, marking the strongest quarterly growth rate since December 2021.Apple’s outstanding achievements as the “weather vane” of the industry further verify that the reversal of the consumer electronics cycle has moved from “expectation” to “reality”. The recovery of brand demand will accelerate the transmission upstream along the supply chain, driving the components and distribution links to usher in the momentum of pulling goods.
