I wrote about TD SYNNEX Corporation (NYSE: SNX ) previously with an upgrade to a buy rating, as growth was solid, Hyve saw positive traction, and the business is returning capital to shareholders. My call turnedI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [histor ...

I wrote about TD SYNNEX Corporation (NYSE: SNX ) previously with an upgrade to a buy rating, as growth was solid, Hyve saw positive traction, and the business is returning capital to shareholders. My call turnedI am an individual investor that is now fully focus on managing my own capital that I have saved up over the years. My investing background spreads across a wide spectrum as I believe there are merits to each approach, for instance: Fundamental investing [Bottoms-up etc.], Technical investing [histor ...

Key Takeaways SNX posted Q3 EPS of $3.58, up 25% YoY, beating estimates by 18.5% on $15.7B in revenues.Endpoint Solutions revenues grew 11% to $7.7B, while Advanced Solutions rose 2% to $7.9B.SNX guided Q4 revenues of $16.5B-$17.3B and EPS of $3.45-$3.95, topping consensus estimates.TD SYNNEX (SNX) reported non-GAAP earnings of $3.58 per share for the third quarter of fiscal 2025, which beat the Zacks Consensus Estimate by 18.5%. The bottom line increased 25.2% year over year.SNX’s revenues increased 6.6% y ...

TD SYNNEX (NYSE: SNX) posted better-than-expected third-quarter results on Thursday.The company reported revenue of $15.65 billion, which not only surpassed the analysts' expectations of $15.11 billion but also marked a 6.6% increase from the previous year's figure of $14.69 billion.TD SYNNEX reported adjusted earnings of $3.58 per share for the quarter, comfortably exceeding the forecasted $3.05 per share. This performance represents a notable 25.2% growth compared to the earnings of $2.86 per share record ...

TD SYNNEX (NYSE: SNX) posted better-than-expected third-quarter results on Thursday.The company reported revenue of $15.65 billion, which not only surpassed the analysts' expectations of $15.11 billion but also marked a 6.6% increase from the previous year's figure of $14.69 billion.TD SYNNEX reported adjusted earnings of $3.58 per share for the quarter, comfortably exceeding the forecasted $3.05 per share. This performance represents a notable 25.2% growth compared to the earnings of $2.86 per share record ...

Core Insights - TD SYNNEX (NYSE: SNX) is a significant player in the technology distribution and services industry, competing with major distributors like Ingram Micro and Arrow Electronics [1] - The company reported strong financial results for the quarter ending August 2025, showcasing its robust market position [1] Financial Performance - Earnings per share (EPS) for the quarter were $3.58, exceeding the estimated $3.02 and showing a year-over-year improvement from $2.86 [2][6] - Revenue reached approximately $15.65 billion, surpassing expectations and marking a 6.6% increase from the previous year's revenue of $14.68 billion [3][6] - Gross profit increased by 17.6%, reaching $1.13 billion, with a gross margin improvement from 6.54% to 7.22% [4][6] Financial Ratios - The company has a price-to-earnings (P/E) ratio of approximately 17.40 and a price-to-sales ratio of about 0.21, indicating favorable market valuation [5] - A debt-to-equity ratio of approximately 0.49 suggests a moderate level of debt, while a current ratio of around 1.26 indicates the company's ability to meet short-term liabilities [5]

FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX PartnerFirst is an evolution of the customer digital experience that brings together platforms & capabilities through a unified framework. ...

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Group 1 - TD Synnex (NYSE:SNX) shares decreased by 2.5% in early trading on Thursday despite reporting third-quarter results that exceeded estimates [2] - The company provided guidance for the fourth quarter, expecting gross billings to be in the range of $23 billion [2]

Financial Data and Key Metrics Changes - Consolidated gross billings reached $22.7 billion, growing 12%, with a 10% increase in constant currency [3][4] - Non-GAAP diluted earnings per share of $3.58, a 25% year-over-year increase, exceeded guidance [4][14] - Net revenue was $15.7 billion, up 7% year-over-year, above the high end of guidance [12][14] - Gross profit increased 18% year-over-year to $1.1 billion, with gross margin as a percentage of gross billings at 5% [12][14] - Non-GAAP operating income rose 21% year-over-year to $475 million, with an operating margin of 2.09% [14] Business Line Data and Key Metrics Changes - Endpoint Solutions portfolio gross billings increased 10% year-over-year, driven by demand for PCs and AI PCs [10][14] - Advanced Solutions portfolio gross billings grew by 13% year-over-year, with a notable 8% increase excluding HIVE [11][14] - HIVE gross billings increased in the mid-30s year-over-year, with ODM/CM gross billings up 57% [4][12] Market Data and Key Metrics Changes - Strong double-digit growth in gross billings was observed in Latin America and Asia Pacific & Japan [5] - SMB and MSP segments grew substantially above the company average in most geographies [5] - U.S. public sector business saw low single-digit growth, with state and local strength offset by federal softness [6] Company Strategy and Development Direction - The company is focused on a differentiated and specialized go-to-market strategy to strengthen its competitive position [6][9] - Plans to enhance the Destination AI Enablement Program to support partners in adopting AI solutions [7] - A unified portal, TD SYNNEX Partner First, is being launched to optimize partner experience and streamline operations [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued strong performance, particularly in HIVE and distribution [19][30] - The company anticipates sustained demand for PCs driven by the Windows 11 refresh cycle and AI PCs [23] - For Q4, gross billings are expected to be in the range of $23 to $24 billion, with net revenue between $16.5 to $17.3 billion [16][17] Other Important Information - Free cash flow for the year is expected to be approximately $800 million, with Q4 free cash flow projected around $850 million [24][25] - The company returned $210 million to stockholders in the quarter, with $174 million in share repurchases and $36 million in dividends [14] Q&A Session Summary Question: HIVE dynamics in fiscal forecast - Management noted strong growth across all programs and customers, with confidence in continued demand for Q4 [19][20] Question: Comments on PC pull forward and free cash flow expectations - Management indicated limited pull forward for PCs, driven mainly by the Windows 11 refresh and AI PCs [23] - Free cash flow expectations adjusted to approximately $800 million for the year, with Q4 expected to contribute significantly [24][25] Question: Sustainability of current performance - Management believes the dynamics driving overperformance will continue into Q4, particularly in distribution and HIVE [29] Question: Progress in onboarding new customers for HIVE - Management confirmed ongoing diversification of the customer base, with growth primarily from networking and traditional compute [32][33]