Exhibit 99.1

Avnet, Inc. Reports Second Quarter Fiscal Year 2013 Results

Sequential Growth Drives Significant Increase In Earnings

Phoenix, January 24, 2013—Avnet, Inc. (NYSE:AVT) today announced results for the second quarter fiscal year 2013 ended December 29, 2012.

Q2 Fiscal 2013 Results

Rick Hamada, Chief Executive Officer, commented, “Our overall Q2 results reflect a stronger than expected performance despite some continuing concerns on the longer term macroeconomic environment. Our team was able to leverage our recent resource alignment activities along with a few bright spots in technology spending into significant sequential improvements in EPS, margins and returns. In the December quarter, sequential growth returned to seasonal trends after below seasonal growth over the past two quarters as revenue exceeded expectations at both operating groups. Driven by stronger than expected calendar year end spending on IT infrastructure at TS and accelerating growth in our Asia components business, revenue grew over 14% sequentially in reported dollars while pro forma revenue was up 9% in constant dollars. Combined with the cost reductions implemented, this top line growth resulted in sequential adjusted operating income growing four times faster than revenue and adjusted operating income margin increasing 95 basis points to 3.3%. While our performance this quarter attests to the leverage in our model, our served

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markets continue to reflect an uneven recovery as questions around global growth trends persist. In this environment, we will continue to react quickly to changes in market conditions and apply our value based management discipline across the portfolio to drive continued progress toward our long-term goals.”

Avnet Electronics Marketing Results

Mr. Hamada added, “Although EM’s sequential pro forma revenue decline was in line with normal seasonality, we continue to see different stages of recovery by region coming out of the components supply chain correction. In our Asia region, which exceeded expectations this quarter, the notable growth in our high volume fulfillment business drove year-over-year growth comparisons into double digit territory for the first time in six quarters. In EMEA, pro forma revenue declined 8.5% sequentially in constant currency, but was down less than 1% from the year ago quarter. In the Americas region, revenue declined 1.8% sequentially and was down 12.8% year over year, on a pro forma basis, primarily due to a decision to exit the lower margin commercial components business in Latin America. On a year-over-year basis, operating income margin was down 105 basis points primarily due to the positive, yet temporary, margin lift of hard disk drive shortages in the year ago quarter, lower profitability in the western regions, which have not fully recovered, and a geographic mix shift to Asia in the current quarter. We are encouraged that our bookings strengthened throughout the quarter and our book to bill ratio closed above parity in all three regions, which suggests inventory levels are properly aligned at our customers. Although the uncertain market landscape continues, we feel well positioned to take advantage of any strengthening in our core industrial end markets as we continue progress toward our long-term goals.

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Avnet Technology Solutions Results

Mr. Hamada further added, “In the December quarter, TS revenue increased 36% sequentially and pro forma revenue grew 27% in constant dollars, slightly above the high end of normal seasonality. Revenue growth was higher than expected as customers were more willing to spend their IT budget dollars after two quarters of below seasonal growth. In North America, our data suggests that many of the IT projects that were delayed at the end of September were completed in the December quarter, which helped drive TS’ higher than expected growth. This strong revenue growth, when coupled with expense actions taken in prior quarters, combined to drive sequential operating income dollars and margin up 214% and 202 basis points, respectively. The sequential improvement in profitability was consistent across the business as all three regions improved both gross profit and operating income margins meaningfully. While this quarter represented significant progress in TS’ financial performance, we remain committed to build on this performance and deliver more consistent results as we continue progress toward our long-term goals. In the first half of fiscal 2013, we have invested in new growth opportunities by completing several acquisitions that will strengthen our competitive position and enhance the breadth of services we can offer to and through VAR partners. While macroeconomic uncertainties could continue to weigh on IT spending, we feel strongly that our competitive position and focus on solutions selling positions us to leverage future growth into improved financial performance.”

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Cash Flow/Buyback

Kevin Moriarty, Chief Financial Officer, stated, “The strong operating income performance and solid working capital management combined to generate $326 million of cash from operations during the quarter. Overall, the team did an effective job of managing resources as a 6.3% decline in inventory, excluding the impact of acquisitions and foreign currency, contributed to a 5.4 day sequential reduction in the cash conversion cycle and a half turn improvement in working capital velocity. Through the first six months of the fiscal year, we have generated $407 million in cash from operations which, when combined with our strong balance sheet, provides ample liquidity to invest in profitable growth going forward.”

Outlook For 3rd Quarter of Fiscal 2013 Ending on March 30, 2013

The above EPS guidance does not include any potential restructuring charges or any charges related to acquisitions and post-closing integration activities. In addition, the above guidance assumes that the average Euro to U.S. Dollar currency exchange rate for the third quarter of fiscal 2013 is $1.34 to €1.00. This compares with an average exchange rate of $1.31 to €1.00 in the third quarter of fiscal 2012 and $1.30 to €1.00 in the second quarter of fiscal 2013.

Forward-Looking Statements

This document contains certain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management’s current expectations and are subject to uncertainty and changes in facts and circumstances. The forward-looking statements herein include statements addressing future financial and operating results of Avnet and may include words such as “will,” “anticipate,” “estimate,” “forecast,” “expect,” believe,” and “should,” and other words and terms of similar meaning in connection with any discussions of future operating or financial performance, business prospects or market conditions. Actual results may vary materially from the expectations contained in the forward-looking statements.

The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: the Company’s ability to retain and grow market share and to generate additional cash flow, risks associated with any acquisition activities and the successful integration of acquired companies, declines in sales, changes in business conditions and the economy in general, changes in market demand and pricing pressures, any material changes in the allocation of product or product rebates by suppliers, allocations of products by suppliers, other competitive and/or regulatory factors affecting the businesses of Avnet generally.

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More detailed information about these and other factors is set forth in Avnet’s filings with the Securities and Exchange Commission, including the Company’s reports on Form 10-K, Form 10-Q and Form 8-K. Except as required by law, Avnet is under no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Information

In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States (“GAAP”), the Company also discloses in this document certain non-GAAP financial information including adjusted operating income, adjusted net income and adjusted diluted earnings per share, as well as revenue adjusted for the impact of acquisitions and other items (as defined in the Pro forma (Organic) Revenue section of this document). Management believes pro forma revenue is a useful measure for evaluating current period performance as compared with prior periods and for understanding underlying trends.

Management believes that operating income adjusted for restructuring, integration and other items is a useful measure to help investors better assess and understand the Company’s operating performance, especially when comparing results with previous periods or forecasting performance for future periods, primarily because management views the excluded items to be outside of Avnet’s normal operating results. Management analyzes operating income without the impact of these items as an indicator of ongoing margin performance and underlying trends in the business. Management also uses these non-GAAP measures to establish operational goals and, in some cases, for measuring performance for compensation purposes.

Management believes net income and EPS adjusted for the impact of the items described above is useful to investors because it provides a measure of the Company’s net profitability on a more comparable basis to historical periods and provides a more meaningful basis for forecasting future performance. Additionally, because of management’s focus on generating shareholder value, of which net profitability is a primary driver, management believes net income and EPS excluding the impact of these items provides an important measure of the Company’s net results of operations for the investing public.

Other metrics management monitors in its assessment of business performance include return on working capital (ROWC), return on capital employed (ROCE) and working capital velocity (WC velocity).

Any analysis of results and outlook on a non-GAAP basis should be used as a complement to, and in conjunction with, data presented in accordance with GAAP.

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Second Quarter Fiscal 2013

Items impacting the second quarter of fiscal 2013 consisted of the following:

Second Quarter Fiscal 2012

Items impacting the second quarter of fiscal 2012 consisted of the following:

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Pro Forma (Organic) Revenue

Pro forma or Organic revenue is defined as reported revenue adjusted for (i) the impact of acquisitions by adjusting Avnet’s prior periods to include the sales of businesses acquired as if the acquisitions had occurred at the beginning of fiscal 2012 and (ii) the impact of the transfer of a business from TS Americas to EM Americas, which did not have an impact to Avnet on a consolidated basis but did impact the pro forma sales for the groups by approximately $6 million in the second quarter of fiscal 2012. Sales taking into account the combination of these adjustments are referred to as “pro forma sales” or “organic sales.”

“Acquisition Revenue” as presented in the preceding table includes the acquisitions listed below.

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ROWC, ROCE and WC Velocity

The following table presents the calculation for ROWC, ROCE and WC velocity (dollars in thousands).

Teleconference Webcast and Upcoming Events

Avnet will host a Webcast of its quarterly teleconference today at 2:00 p.m. Eastern Time. The live Webcast event, as well as other financial information including financial statement reconciliations of GAAP and non-GAAP financial measures, will be available through www.ir.avnet.com. Please log onto the site 15 minutes prior to the start of the event to register or download any necessary software. An archive copy of the presentation will also be available after the Webcast.

For a listing of Avnet’s upcoming events and other information, please visit Avnet’s investor relations website at www.ir.avnet.com.

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About Avnet

Avnet, Inc. (NYSE:AVT), a Fortune 500 company, is one of the largest distributors of electronic components, computer products and embedded technology serving customers globally. Avnet accelerates its partners’ success by connecting the world’s leading technology suppliers with a broad base of customers by providing cost-effective, value-added services and solutions. For the fiscal year ended June 30, 2012, Avnet generated revenue of $25.7 billion. For more information, visit www.avnet.com. (AVT_IR)

Investor Relations Contact:

Avnet, Inc.

Vincent Keenan

Investor Relations

(480) 643-7053

investorrelations@avnet.com

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AVNET, INC.

FINANCIAL HIGHLIGHTS

(MILLIONS EXCEPT PER SHARE DATA)

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AVNET, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(THOUSANDS EXCEPT PER SHARE DATA)

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AVNET, INC.

CONSOLIDATED BALANCE SHEETS

(THOUSANDS)

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AVNET, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(THOUSANDS)

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AVNET, INC.

SEGMENT INFORMATION

(MILLIONS)

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AVNET, INC.

NOTES TO CONSOLIDATED STATEMENTS OF OPERATIONS

SECOND QUARTER AND FIRST HALF OF FISCAL 2013

(1) The results for the second quarter of fiscal 2013 included restructuring, integration and other charges which totaled $24,906,000 pre-tax, $19,885,000 after tax and $0.14 per share on a diluted basis. Restructuring charges included therein were $16,109,000 pre-tax consisting of $7,295,000 for severance, $8,516,000 for facility exit costs and $298,000 for other restructuring charges. Integration costs and acquisition transaction costs were $7,575,000 pre-tax and $3,012,000 pre-tax, respectively. In addition, the Company recorded a credit of $1,790,000 pre-tax to adjust reserves related to prior year restructuring activity that were no longer required.

The results for the first half of fiscal 2013 included restructuring, integration and other charges which totaled $62,314,000 pre-tax, $46,986,000 after tax and $0.33 per share on a diluted basis. Restructuring charges included therein were $46,319,000 pre-tax consisting of $33,195,000 for severance, $12,652,000 for facility exit costs and $472,000 for other restructuring charges. Integration costs and acquisition transaction costs were $12,624,000 pre-tax and $5,792,000 pre-tax, respectively. In addition, the Company recorded a credit of $2,421,000 pre-tax to adjust reserves related to prior year restructuring activity that were no longer required.

Severance charges recorded in the first half of fiscal 2013 related to over 800 employees in sales, administrative and support functions in connection with the cost reduction actions taken in all three regions in both operating groups with employee reductions of approximately 560 in EM, 225 in TS and the remaining in business support functions. Facility exit costs for vacated facilities related to fourteen facilities in the Americas, ten in EMEA and five in Asia and consisted of reserves for remaining lease liabilities and the write-down of fixed assets.

The results for the second quarter and first half of fiscal 2012 included restructuring, integration and other charges which totaled $34,505,000 pre-tax, $23,563,000 after tax and $0.16 per share on a diluted basis. Restructuring charges included therein were $28,938,000 pre-tax consisting of $19,792,000 for severance, $7,406,000 for facility exit costs and $1,740,000 for other restructuring charges, primarily other onerous lease liabilities. Integration costs and acquisition transaction costs were $3,449,000 pre-tax and $3,066,000 pre-tax, respectively. In addition, the Company recorded the reversal of $948,000 pre-tax to adjust reserves related to prior year restructuring activity which were no longer required.

Severance charges recorded in the second quarter of fiscal 2012 related to over 350 employees in sales, administrative and finance functions in connection with the cost reduction actions taken in all three regions in both operating groups with employee reductions of approximately 250 in EM and 100 in TS. Facility exit costs for vacated facilities related to nine facilities in the Americas, three in EMEA and two in Asia and consisted of reserves for remaining lease liabilities and the write-down of leasehold improvements and other fixed assets.

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(2) During the first quarter of fiscal 2013, the Company acquired Internix, Inc., a company publicly traded on the Tokyo Stock Exchange, through a tender offer. After assessing the assets acquired and liabilities assumed, the consideration paid was below book value even though the price paid per share represented a premium to the trading levels at that time. Accordingly, the Company recognized a gain on bargain purchase of $31,291,000 pre- and after tax and $0.22 per share on a diluted basis in the first quarter of fiscal 2013. During the second quarter of fiscal 2013, the Company determined an adjustment to the net assets acquired was required and, as a result, recorded an increase to the gain on bargain purchase of $1,727,000 pre- and after tax and $0.01 per share on a diluted basis for a total gain on bargain purchase related to Internix for the first half of fiscal 2013 of $33,018,000 pre- and after tax and $0.23 per share on a diluted basis.

Also during the second quarter of fiscal 2013, the Company divested of a small business in TS Asia for which it recognized a loss of $1,667,000 pre-tax, $1,704,000 after tax and $0.01 per share on a diluted basis which was recorded in “gain on bargain purchase and other.” The combination of this loss and the gain on bargain purchase noted above resulted in the gain of $59,000 pre-tax in “gain on bargain purchase and other” for the second quarter of fiscal 2013 and a gain of $31,350,000 for the first half of fiscal 2013.

During the first half of fiscal 2012, the Company recognized other charges of $1,399,000 pre-tax, $854,000 after tax and $0.01 per share on a diluted basis, which related to a write-down of an investment in a small technology company and the write-off of certain deferred financing costs associated with the early termination of a credit facility.

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