TD SYNNEX (NYSE:SNX) Updates Q3 2026 Earnings Guidance

TD SYNNEX (NYSE:SNX) issued an update on its third quarter 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 4.250-4.750 for the period, compared to the consensus earnings per share estimate of 3.950. The company issued revenue guidance of $18.2 billion-$19.0 billion, compared to the consensus revenue estimate of $16.8 billion.

TD SYNNEX Stock Performance

TD SYNNEX stock opened at $282.13 on Thursday. The stock’s 50 day moving average is $247.10 and its 200 day moving average is $190.78. The company has a market capitalization of $22.68 billion, a P/E ratio of 23.45, a PEG ratio of 1.19 and a beta of 1.43. TD SYNNEX has a twelve month low of $133.71 and a twelve month high of $296.47. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 0.41.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. The firm had revenue of $19.57 billion for the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The company’s quarterly revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. On average, equities research analysts predict that TD SYNNEX will post 15.88 earnings per share for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, April 15th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. TD SYNNEX’s dividend payout ratio (DPR) is 15.96%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SNX shares. Morgan Stanley upped their price objective on TD SYNNEX from $271.00 to $341.00 and gave the company an “overweight” rating in a research report on Tuesday. The Goldman Sachs Group boosted their price target on TD SYNNEX from $270.00 to $300.00 and gave the stock a “buy” rating in a research note on Thursday, June 11th. UBS Group upped their price target on TD SYNNEX from $265.00 to $310.00 and gave the company a “buy” rating in a report on Tuesday, June 9th. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. Finally, Royal Bank Of Canada boosted their target price on TD SYNNEX from $250.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 10th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.80.

Insiders Place Their Bets

In other TD SYNNEX news, CFO David Gregory Jordan sold 3,225 shares of the firm’s stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $189.46, for a total transaction of $611,008.50. Following the sale, the chief financial officer directly owned 14,035 shares of the company’s stock, valued at $2,659,071.10. This trade represents a 18.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Miriam Anne Murphy sold 3,025 shares of the stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $200.14, for a total value of $605,423.50. Following the sale, the insider owned 10,820 shares of the company’s stock, valued at $2,165,514.80. This represents a 21.85% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 21,250 shares of company stock worth $4,935,282 over the last quarter. 0.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TD SYNNEX

A number of hedge funds and other institutional investors have recently modified their holdings of SNX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in TD SYNNEX by 9.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock valued at $1,749,000 after acquiring an additional 1,460 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of TD SYNNEX by 5.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock valued at $18,631,000 after purchasing an additional 9,815 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of TD SYNNEX by 6.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock valued at $21,226,000 after purchasing an additional 12,615 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of TD SYNNEX in the second quarter worth about $818,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of TD SYNNEX by 17.4% in the second quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock worth $116,000 after buying an additional 126 shares in the last quarter. Institutional investors own 84.00% of the company’s stock.

TD SYNNEX Company Profile

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.