TD SYNNEX (NYSE:SNX) Releases Earnings Results, Beats Expectations By $0.15 EPS

TD SYNNEX (NYSE:SNX) released its earnings results on Thursday. The business services provider reported $3.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.68 by $0.15, Briefing.com reports. TD SYNNEX had a return on equity of 12.13% and a net margin of 1.27%.The business had revenue of $17.38 billion during the quarter, compared to the consensus estimate of $15.46 billion. During the same period last year, the business posted $3.09 earnings per share. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. TD SYNNEX updated its Q1 2026 guidance to 3.000-3.500 EPS.

Here are the key takeaways from TD SYNNEX’s conference call:

• Record Q4 and FY results: Non-GAAP gross billings were $24.3B (+15% YoY) and non-GAAP diluted EPS was $3.83 (+24% YoY), with FY free cash flow of $1.4B and $742M returned to shareholders, underscoring strong profitability and cash generation.
• Hive/Hyve accelerated growth: The Hyve business grew billings >50% YoY (ODM/CM billings +39%), delivered meaningful operating income growth, and management expects continued opportunity from hyperscaler programs and expanded capabilities.
• Strategic execution and product innovation: Management highlighted investments in omnichannel engagement (Partner?First Digital Bridge) and a new AI Assistant that improves self?service and productivity, and earned industry recognition (CRN award; Cisco distributor awards).
• Mix shift is increasing gross?to?net netting: A larger share of software and certain Hyve programs is driving higher gross?to?net adjustments (Q1 implied ~33% gross?to?net), which can compress reported net revenue growth despite strong billings.
• Q1 FY26 outlook and cash timing: Q1 guidance targets gross billings $22.7–$23.7B (~+12% midpoint) and non?GAAP EPS $3.00–$3.50, but management expects a Q1 cash outflow due to seasonality and Q4 timing benefits that will normalize in FY26.

TD SYNNEX Stock Up 0.5%

Shares of SNX traded up $0.68 during trading hours on Friday, hitting $148.28. The company had a trading volume of 260,856 shares, compared to its average volume of 985,345. TD SYNNEX has a 52-week low of $92.23 and a 52-week high of $167.76. The firm has a fifty day moving average price of $151.85 and a 200-day moving average price of $149.72. The stock has a market capitalization of $12.08 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.04 and a beta of 1.37. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.20.

TD SYNNEX Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be paid a dividend of $0.48 per share. This is a positive change from TD SYNNEX’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Friday, January 16th. TD SYNNEX’s payout ratio is 19.09%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on SNX shares. Weiss Ratings restated a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating on shares of TD SYNNEX in a research report on Monday, December 22nd. Raymond James Financial set a $175.00 price objective on TD SYNNEX in a research report on Thursday, September 25th. Barrington Research restated an “outperform” rating and issued a $182.00 target price on shares of TD SYNNEX in a report on Friday. Finally, Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, December 15th. Nine research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus price target of $169.18.

More TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Q4 results beat expectations: revenue of ~$17.4B topped estimates and adjusted EPS of $3.83 beat consensus, with improved gross and operating profit and a big jump in operating cash flow — a combination investors typically reward. Why Is TD SYNNEX Stock Trading Higher Today?
• Positive Sentiment: Dividend increase: the board raised the quarterly dividend to $0.48 (?9.1% raise), signaling confidence in cash flow and returning capital to shareholders — supportive for the stock’s appeal to income investors.
• Positive Sentiment: Analyst support remains: Barrington Research reaffirmed an “Outperform” rating with a $182 PT, keeping buy-side momentum. Barrington Research Rating
• Neutral Sentiment: Q1 FY26 guidance mixed: management set EPS guidance of $3.00–$3.50 and revenue $15.1–15.9B — the range overlaps but is slightly cautious versus some estimates, which could temper upside until clarity on early-FY26 trends emerges.
• Neutral Sentiment: Morgan Stanley trimmed its price target from $177 to $172 but kept an “Overweight” stance — a small downgrade in upside projection but still constructive for longer-term sentiment. Morgan Stanley Price Target Change
• Neutral Sentiment: Some reports show different EPS metrics (adjusted vs GAAP/diluted), creating short-term noise — check the company slide deck and call transcript for reconciliation. Q4 Slide Deck / Press Release
• Negative Sentiment: Insider selling continues: a director recently sold roughly $768.9K of stock and Quiver/other trackers show multiple insider sales in recent months — may raise governance/near-term sentiment questions for some investors. Insider Selling: Director Sells

Insiders Place Their Bets

In related news, insider Alim Dhanji sold 1,762 shares of the company’s stock in a transaction on Tuesday, October 21st. The stock was sold at an average price of $154.55, for a total transaction of $272,317.10. Following the completion of the sale, the insider owned 13,426 shares in the company, valued at approximately $2,074,988.30. This represents a 11.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $153.77, for a total value of $768,850.00. Following the completion of the transaction, the director directly owned 47,515 shares in the company, valued at $7,306,381.55. The trade was a 9.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 23,939 shares of company stock valued at $3,690,188. Insiders own 1.00% of the company’s stock.

Institutional Trading of TD SYNNEX

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ossiam increased its stake in TD SYNNEX by 84.3% in the 3rd quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after acquiring an additional 75 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in TD SYNNEX in the third quarter worth $30,000. Brown Brothers Harriman & Co. lifted its position in TD SYNNEX by 675.9% during the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 196 shares during the last quarter. Danske Bank A S purchased a new position in shares of TD SYNNEX in the 3rd quarter worth $98,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of TD SYNNEX by 17.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after buying an additional 126 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

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.