TD SYNNEX (NYSE:SNX) Issues Quarterly Earnings Results

TD SYNNEX (NYSE:SNX) posted its quarterly earnings data on Thursday. The business services provider reported $3.83 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.15, Briefing.com reports. The company had revenue of $17.38 billion during the quarter, compared to analyst estimates of $15.46 billion. TD SYNNEX had a net margin of 1.32% and a return on equity of 12.60%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $3.09 earnings per share. TD SYNNEX updated its Q1 2026 guidance to 3.000-3.500 EPS.

Here are the key takeaways from TD SYNNEX’s conference call:

• Record Q4 and FY results: Non-GAAP gross billings were $24.3B (+15% YoY) and non-GAAP diluted EPS was $3.83 (+24% YoY), with FY free cash flow of $1.4B and $742M returned to shareholders, underscoring strong profitability and cash generation.
• Hive/Hyve accelerated growth: The Hyve business grew billings >50% YoY (ODM/CM billings +39%), delivered meaningful operating income growth, and management expects continued opportunity from hyperscaler programs and expanded capabilities.
• Strategic execution and product innovation: Management highlighted investments in omnichannel engagement (Partner‑First Digital Bridge) and a new AI Assistant that improves self‑service and productivity, and earned industry recognition (CRN award; Cisco distributor awards).
• Mix shift is increasing gross‑to‑net netting: A larger share of software and certain Hyve programs is driving higher gross‑to‑net adjustments (Q1 implied ~33% gross‑to‑net), which can compress reported net revenue growth despite strong billings.
• Q1 FY26 outlook and cash timing: Q1 guidance targets gross billings $22.7–$23.7B (~+12% midpoint) and non‑GAAP EPS $3.00–$3.50, but management expects a Q1 cash outflow due to seasonality and Q4 timing benefits that will normalize in FY26.

TD SYNNEX Stock Up 1.9%

Shares of NYSE SNX opened at $150.36 on Friday. TD SYNNEX has a 1 year low of $92.23 and a 1 year high of $167.76. The firm’s 50-day moving average is $151.73 and its 200-day moving average is $149.88. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $12.24 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.37.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Friday, January 16th. This is a boost from TD SYNNEX’s previous quarterly dividend of $0.44. TD SYNNEX’s dividend payout ratio is currently 19.09%.

More TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Q4 results beat — Revenue rose ~9.7% to about $17.4B and adjusted EPS topped consensus (reported $3.83 vs. $3.68 expected); management cited strong demand in Endpoint and Advanced Solutions. TD SYNNEX Q4 Earnings Beat
• Positive Sentiment: Dividend raised — Board increased the quarterly payout to $0.48 (≈9.1% bump), signaling confidence and adding income appeal for investors. Why Is TD SYNNEX Stock Trading Higher Today?
• Positive Sentiment: Improving profitability & cash flow — Gross and operating profit expanded and operating cash flow showed meaningful improvement year‑over‑year, supporting liquidity and capital returns. Q4 financial details and cash flow
• Neutral Sentiment: Guidance is cautious — Q1 FY26 EPS guidance of $3.00–$3.50 (consensus ~$3.15) and revenue guidance $15.1B–$15.9B (consensus ~$15.4B) leaves room on both upside and downside; investors will watch execution against that range. Earnings call highlights
• Neutral Sentiment: Analysts recalibrating targets — Some firms trimmed price targets (Morgan Stanley cut to $172 but kept an overweight rating) while others reaffirmed or raised targets (e.g., Barrington $182), so consensus upside remains but expectations are being fine‑tuned. Analyst revisions after Q4
• Negative Sentiment: Insider selling — A company director recently sold roughly $768.8K of SNX stock, which some investors view as a mild negative signal on near-term insider conviction. Insider selling report

Insider Buying and Selling at TD SYNNEX

In related news, Director Merline Saintil sold 168 shares of the stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $153.38, for a total value of $25,767.84. Following the transaction, the director directly owned 7,162 shares in the company, valued at $1,098,507.56. This represents a 2.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Alim Dhanji sold 1,762 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were sold at an average price of $154.55, for a total transaction of $272,317.10. Following the completion of the transaction, the insider directly owned 13,426 shares in the company, valued at approximately $2,074,988.30. The trade was a 11.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 23,939 shares of company stock valued at $3,690,188. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TD SYNNEX

Institutional investors have recently made changes to their positions in the stock. CIBC Bancorp USA Inc. acquired a new position in TD SYNNEX in the third quarter valued at about $285,000. Danske Bank A S acquired a new position in shares of TD SYNNEX during the 3rd quarter worth about $98,000. NewEdge Advisors LLC increased its stake in shares of TD SYNNEX by 3.1% in the 3rd quarter. NewEdge Advisors LLC now owns 335,359 shares of the business services provider’s stock valued at $54,915,000 after acquiring an additional 10,200 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of TD SYNNEX by 3.2% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 57,840 shares of the business services provider’s stock valued at $9,602,000 after acquiring an additional 1,801 shares during the last quarter. Finally, Zurich Insurance Group Ltd FI acquired a new stake in shares of TD SYNNEX in the 3rd quarter valued at approximately $1,490,000. 84.00% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on SNX. Weiss Ratings reiterated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. UBS Group raised their target price on TD SYNNEX from $187.00 to $193.00 and gave the company a “buy” rating in a research note on Friday. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of TD SYNNEX in a report on Monday, December 22nd. Barclays decreased their price objective on shares of TD SYNNEX from $164.00 to $163.00 and set an “equal weight” rating on the stock in a report on Friday. Finally, The Goldman Sachs Group raised their price objective on shares of TD SYNNEX from $145.00 to $164.00 and gave the company a “buy” rating in a research report on Thursday, September 25th. Nine investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $169.18.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.