TD SYNNEX (US:SNX) ZACKS·2026-01-09 17:06Core Insights - TD SYNNEX (SNX) reported non-GAAP earnings of $3.83 per share for Q4 fiscal 2025, exceeding the Zacks Consensus Estimate by 4.1% and reflecting a 24% year-over-year increase [1][10] - Revenues for SNX increased by 9.7% year-over-year to $17.4 billion, surpassing the consensus mark by 7.9% [1][10] - The company anticipates Q1 fiscal 2026 revenues between $15.1 billion and $15.9 billion, with non-GAAP earnings projected to be in the range of $3.00 to $3.50 per share [9][10] Revenue Breakdown - Endpoint Solutions revenues reached $9.0 billion, marking a 12% year-over-year growth [3] - Advanced Solutions revenues totaled $8.3 billion, reflecting a 7% year-over-year growth [3] Profitability Metrics - Non-GAAP gross profit increased by 14.8% year-over-year to $1.19 billion, with gross margin expanding by 30 basis points to 6.87% [3] - Non-GAAP operating income rose by 17.9% to $497 million, with operating margin expanding by 20 basis points to 2.86% [4] Expenses and Cash Flow - Adjusted SG&A expenses increased to $697.72 million from $619.41 million year-over-year, with SG&A as a percentage of revenues expanding by 5 basis points to 4.56% [4] - Cash provided by operational activities was $1.5 billion in Q4, compared to $246 million in the previous quarter, with free cash flow of $1.4 billion [7] Shareholder Returns - The company returned $209 million to shareholders in Q4, including $173 million in share repurchases and $36 million in dividends [7] - A 9% increase in the quarterly cash dividend was announced, raising it to 48 cents per share [8] Balance Sheet Overview - As of November 30, 2025, cash and cash equivalents stood at $2.43 billion, up from $874.35 million as of August 31, 2025 [6] - Long-term debt increased to $3.59 billion from $3.04 billion in the prior quarter [6]