TD SYNNEX Corp ( SNX ). shares traded higher on Tuesday after the company reported its second-quarter 2025 results.

Quarterly revenue rose 7.2% year over year (yoy) to $14.95 billion, topping the high end of the company's guidance and beating analysts' estimate of $14.32 billion.

On a constant currency basis, revenue rose 6.3%, led by growth in Endpoint and Advanced Solutions. A shift in product mix reduced reported revenue by about 5% year over year.

Also Read: Top Wall Street Forecasters Revamp TD Synnex Expectations Ahead Of Q2 Earnings

Americas revenue grew 5.3% to $9.0 billion; gross billings rose 9% to $13.3 billion. Operating income hit $253 million with a 2.8% margin.

Europe revenue rose 10.5% to $4.9 billion, with gross billings up 16.7% to $6.8 billion. Operating income reached $50 million with a 1.0% margin.

Asia-Pacific and Japan revenue grew 8.7% to $1.0 billion, with gross billings up 22% to $1.5 billion. Operating income was $25 million with a 2.4% margin.

Non-GAAP gross billings rose 12.1% yoy to $21.6 billion, exceeding the high end of the company's outlook. On a constant currency basis, gross billings increased 11.3%.

Gross profit reached $1.05 billion, up from $974 million, with gross margin steady at 7.0%, helped by a 31-basis-point lift from product mix.

Operating income was $328 million, compared to $264 million, while non-GAAP operating income totaled $414 million versus $388 million. The operating margin improved to 2.2% from 1.9%, while the non-GAAP operating margin remained at 2.8%.

The Fremont, California-based company reported an adjusted EPS of $2.99, topping the street view of $2.72.

Operating cash flow totaled $573 million, up from a $115 million outflow last year. Free cash flow reached $543 million, compared to a negative $153 million. Shareholder returns were $186 million, down from $288 million.

TD SYNNEX's ( SNX ) Board of Directors declared a quarterly cash dividend of 44 cents per share, payable on July 25, 2025, to stockholders of record as of the close of business on July 11, 2025.

Outlook

TD SYNNEX ( SNX ) expects third-quarter adjusted EPS of $2.75-$3.25, compared to the estimate of $2.96.

The company projects revenue of $14.7 billion to $15.5 billion versus the estimated $15.02 billion. Additionally, gross billings are projected to be between $21 billion and $22 billion.

Price Action: SNX shares were trading higher by 4.35% to $133.15 at last check Tuesday.

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