Overview

* TD Synnex ( SNX ) fiscal Q2 revenue rises 7.2%, beating analyst expectations, per LSEG data

* Non-GAAP gross billings increase 12.1%, exceeding company expectations

* Co returns $186 mln to stockholders, raises dividend 10%

Outlook

* TD Synnex sees Q3 2025 revenue between $14.7 bln and $15.5 bln

* Company expects Q3 2025 non-GAAP EPS of $2.75 - $3.25

* TD Synnex projects Q3 2025 non-GAAP gross billings $21.0 - $22.0 bln

* Company notes IT market strength driving growth ahead of market

Result Drivers

* IT DISTRIBUTION STRENGTH - CEO Patrick Zammit attributes growth to strength in IT Distribution and Hyperscaler markets

* PRODUCT MIX IMPACT - Presentation of sales on a net basis negatively impacted revenue by approximately 5%

* PORTFOLIO GROWTH - Growth in Endpoint Solutions and Advanced Solutions portfolios drove revenue increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $14.95 $14.31

Revenue bln bln (9

Analysts

)

Q2 EPS $2.21

Q2 Net $184.90

Income mln

Q2 $328.10

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 $135.96, about 6.1% above its last closing price of $127.60

* The stock recently traded at 10 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 capabilities based on LSEG and company data. The headline and summary were reviewed by a Reuters journalist prior to publication.)