TD SYNNEX (SNX) Q4 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
0mins
Should l Buy SNX?
Source: NASDAQ.COM
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Analyst Views on SNX
Wall Street analysts forecast SNX stock price to rise
6 Analyst Rating
5 Buy
1 Hold
0 Sell
Strong Buy
Current: 160.130
Low
163.00
Averages
178.33
High
193.00
Current: 160.130
Low
163.00
Averages
178.33
High
193.00
About SNX
TD Synnex Corporation is a global distributor and solutions aggregator for the information technology (IT) ecosystem. The Company's two primary solution portfolios include Endpoint Solutions and Advanced Solutions. The Endpoint Solutions portfolio primarily includes personal computing devices and peripherals, mobile phones and accessories, printers and supplies. The Advanced Solutions portfolio primarily includes data center technologies, such as hybrid cloud, security, storage, networking, servers, software, converged and hyper-converged infrastructure and hyperscale infrastructure, via its Hyve business. Its service offerings include systems design and integration solutions, logistics services, depot repair services, customer management services, cloud services, online services, financial services, and marketing services. It serves commercial, government reseller, and retail customers. Its StreamOne is a complete platform that includes a marketplace function.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
TD SYNNEX Issues Q2 Fiscal 2026 Guidance
- Net Income Expectations: TD SYNNEX anticipates net income for Q2 2026 to be between $234 million and $274 million, translating to earnings per share of $2.90 to $3.40, reflecting the company's optimistic outlook on future profitability.
- Adjusted Earnings Forecast: The company projects adjusted earnings to range from $302 million to $342 million, or $3.75 to $4.25 per share, indicating the stability and growth potential of its core business operations.
- Revenue Outlook: TD SYNNEX expects revenue for the next quarter to be between $16.1 billion and $16.9 billion, showing a significant growth trend compared to $14.946 billion in Q2 2025, which reflects an increase in market demand.
- Historical Comparison: In Q2 2025, TD SYNNEX reported net income of $184.92 million, or $2.21 per share, with adjusted profit of $250.52 million, or $2.99 per share, indicating that the company is poised for improved performance in the upcoming fiscal year.
See More
TD SYNNEX Reports Strong Q1 Earnings Growth
- Significant Earnings Growth: TD SYNNEX reported a net income of $327 million for Q1, translating to an EPS of $4.04, a substantial increase from last year's $168 million and $1.98 per share, indicating a marked improvement in profitability.
- Revenue Surge: The company's quarterly revenue rose by 18.1% to $17.161 billion, up from $14.532 billion last year, reflecting strong market performance and increasing demand.
- Strong Adjusted Earnings: Excluding items, TD SYNNEX reported adjusted earnings of $383 million, or $4.73 per share, showcasing the company's success in cost control and operational efficiency.
- Shareholder Return Commitment: The Board announced a quarterly cash dividend of $0.48 per share to be paid on April 29 to stockholders of record as of April 15, reinforcing the company's commitment to shareholder returns.
See More
TD SYNNEX Q1 Earnings Exceed Expectations
- Strong Performance: TD SYNNEX reported a Q1 non-GAAP EPS of $4.73, beating expectations by $1.42, indicating a significant enhancement in profitability and reflecting robust market performance.
- Revenue Growth: The company achieved revenue of $17.16 billion, an 18.1% year-over-year increase, surpassing market expectations by $1.55 billion, demonstrating successful sales and market expansion strategies.
- Significant Billings Increase: Non-GAAP gross billings reached $25.8 billion, a 24.4% year-over-year rise, significantly exceeding the high end of the company's outlook, showcasing strong customer demand and market share growth.
- Dividend Increase: The company announced a quarterly cash dividend of $0.48 per share, up 9% year-over-year, which not only enhances shareholder returns but also reflects the company's strong cash flow and profitability.
See More
TD SYNNEX to Announce Q1 Earnings on March 31
- Earnings Announcement: TD SYNNEX is set to release its Q1 2023 earnings report on March 31 before market open, with consensus EPS estimates at $3.31, reflecting an 18.2% year-over-year increase, and revenue expectations at $15.65 billion, up 7.9% year-over-year.
- Strong Performance Record: Over the past two years, TD SYNNEX has exceeded EPS and revenue estimates 75% of the time, indicating a robust financial performance and strong market confidence in the company's operations.
- Estimates Revision Trends: In the last three months, EPS estimates have seen 8 upward revisions and 2 downward adjustments, while revenue estimates have experienced 6 upward revisions and 1 downward, showcasing analysts' optimistic outlook on the company's future performance.
- Growth Target Setting: TD SYNNEX aims for a 12% gross billings growth target for Q1 2026 while expanding its Hyve and digital platforms, demonstrating the company's strategic commitment to digital transformation and market expansion.
See More
TD SYNNEX Earnings Preview: 9.7% Revenue Growth
- Revenue Performance Exceeds Expectations: TD SYNNEX reported revenues of $17.38 billion last quarter, reflecting a 9.7% year-over-year increase, which not only surpassed analyst expectations but also provided robust support for next quarter's EPS guidance, showcasing the company's competitive edge and growth potential in the market.
- Optimistic Market Expectations: This quarter, the market anticipates TD SYNNEX's revenue to grow by 7.8% year-over-year, a significant improvement from the 4% growth recorded in the same quarter last year, indicating investor confidence in the company's future performance and expectations for industry recovery.
- Analysts Maintain Positive Outlook: Over the past 30 days, analysts covering TD SYNNEX have generally reaffirmed their revenue estimates, suggesting confidence in the company's ability to maintain stable performance heading into earnings, despite having missed Wall Street's revenue estimates multiple times over the past two years.
- Stable Stock Price Movement: Despite an average decline of 7.2% in share prices across the tech hardware and electronics sector over the past month, TD SYNNEX's stock price remained unchanged at $157.10, with an average analyst price target of $179.91, indicating potential upside ahead.
See More
Market Volatility Driven by Iran Conflict and Jobs Data Ahead
- Jobs Data Focus: Investors are poised to scrutinize the upcoming nonfarm payroll report, with expectations of 60,000 jobs added in March; failure to meet this target could heighten concerns over stagflation, complicating the Fed's monetary policy decisions.
- Consumer Confidence Survey: The consumer confidence index set to be released on Tuesday, along with Wednesday's retail sales report expected to show a 0.5% month-over-month increase, may reflect consumer spending resilience amid economic uncertainty, potentially boosting market sentiment.
- Nike Earnings Expectations: Nike's earnings report on Tuesday night is anticipated with caution, as the market reacts to a disappointing 17% revenue decline in China, despite a 9% sales increase in North America, leaving investors wary about the company's profitability recovery.
- Overall Market Risks: Beyond the Middle East conflict, the rapid adoption of artificial intelligence is also pressuring the market, with investor jitters over AI's potential negative impacts likely leading to further volatility in tech stocks, affecting overall market performance.
See More
TD SYNNEX Issues Q2 Fiscal 2026 Guidance
- Net Income Expectations: TD SYNNEX anticipates net income for Q2 2026 to be between $234 million and $274 million, translating to earnings per share of $2.90 to $3.40, reflecting the company's optimistic outlook on future profitability.
- Adjusted Earnings Forecast: The company projects adjusted earnings to range from $302 million to $342 million, or $3.75 to $4.25 per share, indicating the stability and growth potential of its core business operations.
- Revenue Outlook: TD SYNNEX expects revenue for the next quarter to be between $16.1 billion and $16.9 billion, showing a significant growth trend compared to $14.946 billion in Q2 2025, which reflects an increase in market demand.
- Historical Comparison: In Q2 2025, TD SYNNEX reported net income of $184.92 million, or $2.21 per share, with adjusted profit of $250.52 million, or $2.99 per share, indicating that the company is poised for improved performance in the upcoming fiscal year.
See More
TD SYNNEX Reports Strong Q1 Earnings Growth
- Significant Earnings Growth: TD SYNNEX reported a net income of $327 million for Q1, translating to an EPS of $4.04, a substantial increase from last year's $168 million and $1.98 per share, indicating a marked improvement in profitability.
- Revenue Surge: The company's quarterly revenue rose by 18.1% to $17.161 billion, up from $14.532 billion last year, reflecting strong market performance and increasing demand.
- Strong Adjusted Earnings: Excluding items, TD SYNNEX reported adjusted earnings of $383 million, or $4.73 per share, showcasing the company's success in cost control and operational efficiency.
- Shareholder Return Commitment: The Board announced a quarterly cash dividend of $0.48 per share to be paid on April 29 to stockholders of record as of April 15, reinforcing the company's commitment to shareholder returns.
See More
TD SYNNEX Q1 Earnings Exceed Expectations
- Strong Performance: TD SYNNEX reported a Q1 non-GAAP EPS of $4.73, beating expectations by $1.42, indicating a significant enhancement in profitability and reflecting robust market performance.
- Revenue Growth: The company achieved revenue of $17.16 billion, an 18.1% year-over-year increase, surpassing market expectations by $1.55 billion, demonstrating successful sales and market expansion strategies.
- Significant Billings Increase: Non-GAAP gross billings reached $25.8 billion, a 24.4% year-over-year rise, significantly exceeding the high end of the company's outlook, showcasing strong customer demand and market share growth.
- Dividend Increase: The company announced a quarterly cash dividend of $0.48 per share, up 9% year-over-year, which not only enhances shareholder returns but also reflects the company's strong cash flow and profitability.
See More
TD SYNNEX to Announce Q1 Earnings on March 31
- Earnings Announcement: TD SYNNEX is set to release its Q1 2023 earnings report on March 31 before market open, with consensus EPS estimates at $3.31, reflecting an 18.2% year-over-year increase, and revenue expectations at $15.65 billion, up 7.9% year-over-year.
- Strong Performance Record: Over the past two years, TD SYNNEX has exceeded EPS and revenue estimates 75% of the time, indicating a robust financial performance and strong market confidence in the company's operations.
- Estimates Revision Trends: In the last three months, EPS estimates have seen 8 upward revisions and 2 downward adjustments, while revenue estimates have experienced 6 upward revisions and 1 downward, showcasing analysts' optimistic outlook on the company's future performance.
- Growth Target Setting: TD SYNNEX aims for a 12% gross billings growth target for Q1 2026 while expanding its Hyve and digital platforms, demonstrating the company's strategic commitment to digital transformation and market expansion.
See More
TD SYNNEX Earnings Preview: 9.7% Revenue Growth
- Revenue Performance Exceeds Expectations: TD SYNNEX reported revenues of $17.38 billion last quarter, reflecting a 9.7% year-over-year increase, which not only surpassed analyst expectations but also provided robust support for next quarter's EPS guidance, showcasing the company's competitive edge and growth potential in the market.
- Optimistic Market Expectations: This quarter, the market anticipates TD SYNNEX's revenue to grow by 7.8% year-over-year, a significant improvement from the 4% growth recorded in the same quarter last year, indicating investor confidence in the company's future performance and expectations for industry recovery.
- Analysts Maintain Positive Outlook: Over the past 30 days, analysts covering TD SYNNEX have generally reaffirmed their revenue estimates, suggesting confidence in the company's ability to maintain stable performance heading into earnings, despite having missed Wall Street's revenue estimates multiple times over the past two years.
- Stable Stock Price Movement: Despite an average decline of 7.2% in share prices across the tech hardware and electronics sector over the past month, TD SYNNEX's stock price remained unchanged at $157.10, with an average analyst price target of $179.91, indicating potential upside ahead.
See More
Market Volatility Driven by Iran Conflict and Jobs Data Ahead
- Jobs Data Focus: Investors are poised to scrutinize the upcoming nonfarm payroll report, with expectations of 60,000 jobs added in March; failure to meet this target could heighten concerns over stagflation, complicating the Fed's monetary policy decisions.
- Consumer Confidence Survey: The consumer confidence index set to be released on Tuesday, along with Wednesday's retail sales report expected to show a 0.5% month-over-month increase, may reflect consumer spending resilience amid economic uncertainty, potentially boosting market sentiment.
- Nike Earnings Expectations: Nike's earnings report on Tuesday night is anticipated with caution, as the market reacts to a disappointing 17% revenue decline in China, despite a 9% sales increase in North America, leaving investors wary about the company's profitability recovery.
- Overall Market Risks: Beyond the Middle East conflict, the rapid adoption of artificial intelligence is also pressuring the market, with investor jitters over AI's potential negative impacts likely leading to further volatility in tech stocks, affecting overall market performance.
See More
