Financial Data and Key Metrics Changes - The company reported revenues of $12.6 billion for Q3 2025, representing a year-over-year increase of 7.2% and exceeding the high end of guidance [4][15] - Non-GAAP diluted earnings per share (EPS) was $0.72, at the high end of guidance, despite a minor impact from a ransomware incident [4][21] - Gross profit for Q3 was $870 million, up from $845 million year-over-year, with gross margins showing a sequential improvement of 34 basis points [19][21] - Adjusted EBITDA for the quarter was $342 million, reflecting a 3% increase in U.S. dollars [21] Business Line Data and Key Metrics Changes - Client and endpoint solutions grew nearly 13% on an FX-neutral basis, driven by strong demand for notebooks and desktops [15][17] - Advanced solutions sales decreased by 4.5% year-over-year, with growth in servers and storage offset by weaker results in virtualization and infrastructure software [15][19] - Cloud revenues saw a 4% decline; however, excluding a non-core divestiture, cloud net revenues were up low single digits year-over-year [16][19] Market Data and Key Metrics Changes - Geographically, Latin America and Asia-Pacific regions experienced robust FX-neutral growth in the low teens year-over-year, while North America grew just over 3% [17] - EMEA showed slight growth on an FX-neutral basis, reflecting a generally softer macro environment in parts of Europe [17] Company Strategy and Development Direction - The company is focused on scaling its Xvantage digital platform and enhancing its AI ecosystem, positioning itself at the center of the $5 trillion global technology landscape [6][7] - The Enable AI program has engaged thousands of customers, providing tools for assessing and deploying AI solutions [10][21] - The company aims to support enterprise customers in their AI transformation journey, leveraging its proprietary AI innovation [6][7] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the fourth quarter, expecting continued year-over-year net sales growth and a solid guidance range for revenues [24][54] - The impact of the ransomware incident was estimated to be within 1% to 1.5% of net sales, with a minimal effect on overall operations [14][21] - The company remains optimistic about the SMB segment, which has shown growth over the past three quarters [46][51] Other Important Information - The company returned $18.3 million to stockholders through dividends and announced a 2.6% increase in the quarterly dividend for Q4 [23] - The balance sheet showed net working capital of $4.9 billion, an increase from $4.3 billion year-over-year, driven by higher net sales [22] Q&A Session Summary Question: How should margins be expected to trend going forward? - Management indicated that guidance implies margins in the high 6s, with continued strength in SMB contributing positively [27][28] Question: How should inventory and free cash flow be viewed going forward? - Management noted a sequential decline in inventory and anticipated a solid cash flow quarter in Q4, similar to previous years [32][33] Question: Where is Xvantage seeing the most benefit? - Xvantage is benefiting across both SMB and enterprise segments, with SMB leveraging it for comprehensive business management [40][41] Question: What is the outlook for the PC refresh cycle? - The company is in the later stages of the PC refresh cycle, with potential for AI-powered PCs to extend this cycle [43] Question: What are the expectations for a budget flush exiting 2025? - Management noted a typical seasonal increase in revenues due to budgeting cycles, with a positive outlook for SMB spending [46]

Ingram Micro Q3 2025 Earnings Supplement Value Creation to Value Capture in the Age of AI Proprietary information of Ingram Micro — Do not distribute or duplicate without Ingram Micro's express written permission. 1 Important notice This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. You can identify forward ...

WEST PALM BEACH, Fla., Oct. 07, 2025 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) today announced the appointment of Phillip R. Gallagher to its Board of Directors, effective October 7, 2025. Mr. Gallagher currently serves as the Chief Executive Officer of Avnet, Inc. (Nasdaq: AVT) (“Avnet”), a Fortune 500 global technology distributor and solutions provider across a number of industries, including industrials, telecommunications, aerospace and defense and automotive. As a seasoned executive and C ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, October 7th:International Consolidated Airlines Group S.A. (ICAGY) : This passenger and cargo transportation services company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.8% over the last 60 days.International Consolidated Airlines has a price-to-earnings ratio (P/E) of 6.81, compared with 8.80 for the industry. The company possesses a V ...

-Flying the channel flag - Climb is the only global technology and IT distributor named on the list- -Climb named alongside Oracle, NVIDIA, Amazon, Microsoft and many more- EATONTOWN, N.J., Oct. 02, 2025 (GLOBE NEWSWIRE) -- Climb Channel Solutions, an international specialty technology distributor and wholly owned subsidiary of Climb Global Solutions, Inc. (NASDAQ: CLMB)… today announced it has been included in the inaugural 2025 America’s Greatest Companies list, published by Newsweek. Newsweek and Plant-A ...

Core Insights - Ingram Micro Holding Corporation is preparing for a public offering again, but concerns exist regarding sales declines, thin margins, and increased debt levels [1] Group 1: Company Overview - Ingram Micro operates in a competitive and rapidly changing technology distribution sector [1] Group 2: Financial Performance - The company has experienced sales declines, which raises concerns about its financial health [1] - The margins are described as thin, indicating potential challenges in profitability [1] - Increased debt levels have been noted, which could impact the company's financial stability [1]

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Phillips 66 (PSX) : This diversified and integrated energy company which operates 13 refineries, primarily in the United States, with a total refining capacity of 2.2 million barrels per day, has seen the Zacks Consensus Estimate for its current year earnings increasing 12.9% over the last 60 days.ScanSource (SCSC) : This company which serves North America as a value-added distributor of specialty technologies, including automatic ident ...

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]

Financial Data and Key Metrics Changes - Consolidated gross billings reached $22.7 billion, growing 12%, or 10% in constant currency, with non-GAAP diluted earnings per share of $3.58, a 25% year-over-year increase [3][4][10] - Net revenue was $15.7 billion, up 7% year over year, with gross profit increasing 18% to $1.1 billion [12][14] - Non-GAAP operating income rose 21% year over year to $475 million, with a non-GAAP operating margin of 2.09%, representing a 15 basis point improvement [13][14] Business Line Data and Key Metrics Changes - The Endpoint Solutions portfolio saw a 10% increase in gross billings, driven by demand for PCs and a higher mix of AI PCs [10][11] - Advanced Solutions portfolio gross billings increased by 13% year over year, with HIVE reporting mid-30s growth due to strong demand in cloud infrastructure [11][12] - Software gross billings increased by 26%, driven by cybersecurity and infrastructure software [4] Market Data and Key Metrics Changes - Latin America and Asia Pacific & Japan experienced strong double-digit growth in gross billings, validating the company's go-to-market strategy [5] - The 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 expanding its addressable market by onboarding new vendors and enhancing its go-to-market strategy [6][9] - The Destination AI Enablement Program is being enhanced 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, driven by healthy demand from hyperscalers [19][30] - The company anticipates gross billings in Q4 to be in the range of $23 to $24 billion, representing an increase of approximately 11% at the midpoint [16] 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 board approved a cash dividend of $0.44 per common share, payable on October 31, 2025 [15] Q&A Session Summary Question: HIVE dynamics in fiscal forecast - Management noted that HIVE had significant growth across all programs and customers, with expectations for continued demand in 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, with free cash flow expectations adjusted to approximately $800 million for the year [22][24] Question: Sustainability of current performance - Management believes the overperformance is sustainable, driven by strong demand in PCs, software, and cybersecurity [30] Question: Progress in onboarding new customers for HIVE - Management confirmed ongoing progress in diversifying the customer base, with growth primarily from networking and traditional compute [33][34]

Company Overview - TD SYNNEX Corporation is a significant player in the business process services sector, distributing a variety of products including PC systems, mobile phones, IT systems, and consumer electronics. The company also offers systems design, logistics, cloud services, and marketing services to resellers, system integrators, and retailers, positioning itself as a key player in the technology distribution industry [1] Price Target Trends - The consensus price target for TD SYNNEX has shown an upward trend over the past year, increasing from $148.22 a year ago to $155.6 in the last quarter, and further to $173 in the past month, indicating growing optimism among analysts regarding the company's stock performance [2][6] Financial Performance - In the second quarter, TD SYNNEX reported strong financial results, surpassing guidance with significant revenue growth, improved profit margins, and impressive cash generation. The company's business model, focusing on scale and efficient management of working capital, supports its high-quality economic framework [3][6] Upcoming Earnings Report - The upcoming third-quarter earnings report is expected to reflect higher earnings for TD SYNNEX, with the stock having already increased by 5.8% since the last earnings report 30 days ago. Despite a lower price target of $130 from analyst Matthew Sheerin, the overall sentiment remains positive, with a valuation analysis suggesting a fair value between $170 and $175 [4][5] Investment Case - The strong financial performance of TD SYNNEX, along with a trailing free cash flow yield of 6% and steady dividend growth, strengthens the investment case for the company [5]