TD SYNNEX (NYSE:SNX) Releases Q3 2026 Earnings Guidance

TD SYNNEX (NYSE:SNX) updated its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.250-4.750 for the period, compared to the consensus EPS estimate of 3.950. The company issued revenue guidance of $18.2 billion-$19.0 billion, compared to the consensus revenue estimate of $16.8 billion.

TD SYNNEX Trading Up 2.4%

Shares of NYSE SNX opened at $290.01 on Thursday. The business has a fifty day moving average price of $247.10 and a 200 day moving average price of $190.78. TD SYNNEX has a 1-year low of $133.71 and a 1-year high of $309.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.22 and a quick ratio of 0.71. The stock has a market capitalization of $23.31 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.19 and a beta of 1.43.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings data on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, topping the consensus estimate of $4.14 by $0.71. The firm had revenue of $19.57 billion during the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. TD SYNNEX’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.99 EPS. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts expect that TD SYNNEX will post 15.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 0.7%. The ex-dividend date was Wednesday, April 15th. TD SYNNEX’s dividend payout ratio (DPR) is currently 15.96%.

Wall Street Analyst Weigh In

SNX has been the subject of several recent analyst reports. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 1st. UBS Group upped their price objective on shares of TD SYNNEX from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Morgan Stanley lifted their target price on shares of TD SYNNEX from $271.00 to $341.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays upped their price target on shares of TD SYNNEX from $166.00 to $237.00 and gave the stock an “equal weight” rating in a research report on Friday, May 29th. Finally, Weiss Ratings cut TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 17th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, TD SYNNEX has an average rating of “Moderate Buy” and a consensus target price of $249.80.

Insiders Place Their Bets

In related news, insider Miriam Anne Murphy sold 3,025 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $200.14, for a total transaction of $605,423.50. Following the completion of the sale, the insider directly owned 10,820 shares of the company’s stock, valued at approximately $2,165,514.80. This trade represents a 21.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Gregory Jordan sold 3,225 shares of the business’s stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $189.46, for a total value of $611,008.50. Following the completion of the sale, the chief financial officer directly owned 14,035 shares in the company, valued at approximately $2,659,071.10. The trade was a 18.68% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 21,250 shares of company stock valued at $4,935,282 over the last ninety days. Company insiders own 0.70% of the company’s stock.

Key Headlines Impacting TD SYNNEX

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

• Positive Sentiment: TD SYNNEX reported Q2 EPS of $4.85, beating estimates by a wide margin and more than doubling year-over-year earnings, signaling strong execution and demand. TD SYNNEX Reports Record Fiscal 2026 Second Quarter Results
• Positive Sentiment: Revenue came in at about $19.6 billion, well above Wall Street expectations and up 31% from a year ago, reinforcing the view that the company is benefiting from healthy IT spending and distribution momentum. TD SYNNEX Non-GAAP EPS of $4.85 beats by $0.71, revenue of $19.58B beats by $2.78B
• Positive Sentiment: The company also raised third-quarter guidance, with EPS and revenue outlooks both coming in above consensus, which suggests management sees the strong operating trend continuing. TD SYNNEX (SNX) Tops Q2 Earnings and Revenue Estimates
• Neutral Sentiment: Several recent analyst notes and price-target increases have kept sentiment constructive, with Morgan Stanley among the firms lifting targets ahead of the earnings release.
• Neutral Sentiment: The stock had already been near or at a 52-week high before the report, so some of the good news may have been partly expected by investors. TD SYNNEX Corporation (SNX) Hits Fresh High: Is There Still Room to Run?
• Negative Sentiment: Insider trading data shows persistent selling over the past six months, which may temper enthusiasm even after the strong quarter.

Institutional Investors Weigh In On TD SYNNEX

Several large investors have recently bought and sold shares of SNX. Ossiam increased its stake in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after buying an additional 75 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of TD SYNNEX during the 4th quarter worth $28,000. Measured Wealth Private Client Group LLC acquired a new position in shares of TD SYNNEX during the third quarter worth $30,000. Brown Brothers Harriman & Co. lifted its holdings in TD SYNNEX by 675.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after buying an additional 196 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of TD SYNNEX by 97.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 470 shares of the business services provider’s stock worth $72,000 after acquiring an additional 232 shares in the last quarter. Hedge funds and other institutional investors own 84.00% of the company’s stock.

About TD SYNNEX

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.