Overview

* TD Synnex ( SNX ) fiscal Q3 revenue rises 6.6% yr/yr, beating analyst expectations, per LSEG data

* Adjusted EPS for fiscal Q3 beats consensus, reflecting strong operational performance

* Co returned $210 mln to shareholders via share repurchases and dividends

Outlook

* TD Synnex sees Q4 2025 revenue between $16.5 bln and $17.3 bln

* Company expects Q4 non-GAAP gross billings of $23.0 bln to $24.0 bln

* TD Synnex ( SNX ) forecasts Q4 net income of $204 mln to $245 mln

* Company anticipates Q4 non-GAAP EPS of $3.45 to $3.95

Result Drivers

* ADVANCED AND ENDPOINT SOLUTIONS - Growth in Advanced Solutions and Endpoint Solutions portfolios drove revenue increase

* PRODUCT MIX IMPACT - Greater percentage of sales presented on a net basis negatively impacted revenue by about 5%

* GROSS MARGIN IMPROVEMENT - Presentation of additional revenues on a net basis positively impacted gross margin by 35 basis points

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $15.65 $15.11

Revenue bln bln (9

Analysts

)

Q3 Beat $3.58 $3.05

Adjusted (11

EPS Analysts

)

Q3 EPS $2.74

Q3 Beat $296.20 $247.40

Adjusted mln mln (8

Net Analysts

Income )

Q3 Net $226.80

Income mln

Q3 Beat $474.90 $410.20

Adjusted mln mln (9

Operatin Analysts

g Income )

Q3 $383.70

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the computer hardware peer group is "buy"

* Wall Street's median 12-month price target for TD Synnex Corp ( SNX ) is $158.00, about 4.8% above its September 24 closing price of $150.34

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)