TD Synnex Corp
NYSE:SNX

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TD Synnex Corp
NYSE:SNX
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Price: 155.98 USD -0.16%
Market Cap: 12.7B USD

TD Synnex Corp
Investor Relations

In the rapidly evolving landscape of technology distribution, TD Synnex Corp. stands as a formidable player, skillfully navigating the complexities of the global supply chain. Born from the merger of Tech Data and Synnex, the company operates at the confluence of technology, marketing, and services, providing an extensive range of IT solutions to a diverse clientele that includes resellers, system integrators, and service providers. With a presence in over 100 countries and an expansive portfolio of products spanning data center to cloud, and beyond, TD Synnex leverages its vast network to bridge the gap between technology manufacturers and end-users, ensuring efficient distribution and seamless integration of cutting-edge innovations.

Central to TD Synnex's business model is its ability to generate value through robust vendor-partner relationships and a sophisticated logistics infrastructure. By procuring technology products from leading manufacturers, the company aggregates offerings into comprehensive solutions that address specific business needs. These solutions are then distributed to their clients, who in turn deliver them to the final consumers. This intricate process not only involves selling hardware and software but also providing ancillary services like consultancy, training, and support. By monetizing through these multifaceted interactions, TD Synnex ensures a steady stream of revenue, while fostering growth and innovation within the technology ecosystem.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Sep 25, 2025
AI Summary
Q3 2025

Record Results: TD SYNNEX delivered record gross billings of $22.7 billion, up 12%, and record diluted EPS of $3.58, up 25% year-over-year, both exceeding guidance.

Strong Demand Drivers: Growth was supported by robust demand in PCs (driven by the Windows 11 refresh and growing AI PC adoption), software (up 26%), cybersecurity, and cloud infrastructure.

Hyve Outperformance: Hyve gross billings rose in the mid-30s percent, driven by strong hyperscaler investment and supply chain demand, with continued strength expected in Q4.

Geographic Momentum: Latin America and Asia Pacific/Japan posted strong double-digit growth, exceeding expectations.

Guidance Raised: Q4 gross billings are expected between $23 and $24 billion, with continued double-digit growth and strong Hyve performance reflected in the outlook.

Free Cash Flow Outlook: Full-year free cash flow guidance was adjusted to approximately $800 million, down from $1.1 billion previously, due to higher working capital needs on strong growth.

Key Financials
Gross Billings
$22.7B
Net Revenue
$15.7B
Gross Profit
$1.1B
Gross Margin
5%
Operating Income
$475M
Operating Margin
2.09%
Net Income
$296M
Diluted EPS
$3.58
Free Cash Flow
$214M (quarter)
Net Working Capital
$4B
Cash and Cash Equivalents
$874M
Debt
$4.2B
Gross Leverage Ratio
2.3x
Net Leverage Ratio
1.8x
Dividend per Share
$0.44
Earnings Call Recording
Other Earnings Calls

Management

Mr. Patrick Zammit
CEO, President & Director
No Bio Available
Mr. Marshall W. Witt CPA
Chief Financial Officer
No Bio Available
Mr. Dennis J. Polk
Hyve Solutions Executive & Executive Director
No Bio Available
Mr. John Henry
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Sergio Farache
Chief Strategy and Technology Officer
No Bio Available
Ms. Bonnie K. Smith
Chief Information Officer
No Bio Available
David Jordan
CFO of the Americas & Head of Investor Relations
No Bio Available
Mr. David R. Vetter J.D.
Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Alim Dhanji
Chief Human Resources Officer
No Bio Available
Mr. Peter Larocque
President of North America Technology Solutions
No Bio Available

Contacts

Address
CALIFORNIA
Fremont
44201 Nobel Dr
Contacts
+15106563333.0
www.synnexcorp.com