TD SYNNEX (US:SNX) ZACKSยท2025-09-26 16:11Core Insights - TD SYNNEX (SNX) reported non-GAAP earnings of $3.58 per share for Q3 FY2025, exceeding the Zacks Consensus Estimate by 18.5% and reflecting a 25.2% year-over-year increase [1][9] - Revenues for the quarter reached $15.7 billion, a 6.6% year-over-year growth, surpassing the consensus mark by 3.4% [1][9] - The company provided optimistic guidance for Q4, expecting revenues between $16.5 billion and $17.3 billion, and non-GAAP earnings per share between $3.45 and $3.95 [10] Financial Performance - Endpoint Solutions revenues were $7.7 billion, marking an 11% year-over-year growth, while Advanced Solutions revenues reached $7.9 billion, reflecting a 2% year-over-year growth [3][9] - Non-GAAP gross profit increased by 17.6% year-over-year to $1.13 billion, with gross margin expanding by 68 basis points to 7.22% [3] - Adjusted SG&A expenses rose to $654.9 million from $568.2 million year-over-year, with SG&A as a percentage of revenues increasing by 27 basis points to 4.75% [4] Cash Flow and Shareholder Returns - Cash provided by operational activities was $246 million, down from $573.2 million in the previous quarter, while free cash flow was $214 million compared to $543 million in the prior quarter [7] - The company returned $210 million to shareholders through $174 million in share repurchases and $36 million in dividends [7] - A 10% increase in the quarterly cash dividend was announced, raising it to 44 cents per share, demonstrating commitment to shareholder value [8] Balance Sheet - As of August 31, 2025, cash and cash equivalents stood at $874.35 million, up from $767.1 million as of May 31, 2025 [6] - Long-term debt decreased to $3.04 billion from $3.72 billion in the previous quarter [6]