TD SYNNEX (NYSE:SNX) Releases Quarterly Earnings Results, Beats Estimates By $0.98 EPS

TD SYNNEX (NYSE:SNX) issued its quarterly earnings results on Thursday. The business services provider reported $5.68 EPS for the quarter, beating the consensus estimate of $4.70 by $0.98, FiscalAI reports. The company had revenue of $21.56 billion for the quarter, compared to the consensus estimate of $18.91 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm’s revenue was up 37.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.58 EPS. TD SYNNEX updated its Q4 2026 guidance to 5.650-6.150 EPS.

TD SYNNEX Stock Up 1.7%

Shares of NYSE SNX opened at $288.12 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64. The business has a 50-day moving average of $256.64 and a two-hundred day moving average of $236.49. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 0.79 and a beta of 1.43. TD SYNNEX has a 1 year low of $142.22 and a 1 year high of $298.77.

TD SYNNEX News Summary

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

• Positive Sentiment: Quarterly earnings beat expectations: TD SYNNEX reported approximately $5.5 in adjusted EPS, exceeding analysts’ estimates of roughly $4.70–$4.75. One report cited $5.53 per share, while another cited $5.68, but both indicate a significant earnings beat. TD SYNNEX earnings press release
• Positive Sentiment: Revenue also outperformed: Quarterly revenue was reported at approximately $21.56 billion, well above the $19.10 billion consensus estimate, signaling stronger-than-expected business activity across the company’s technology ecosystem.
• Positive Sentiment: Strong fourth-quarter outlook: Management forecast EPS of $5.65–$6.15 versus the $4.80 consensus and revenue of $21.8–$22.6 billion versus expectations of $19.4 billion. The guidance is the clearest near-term catalyst for the stock.
• Positive Sentiment: AI and cloud momentum: TD SYNNEX recently expanded its enterprise-AI capabilities through authorization under Anthropic’s reseller program for Amazon Bedrock, supporting the view that AI infrastructure and software demand can contribute to growth.
• Neutral Sentiment: Valuation and analyst views: The stock is trading near its 52-week high. Recent analyst price targets have a median of $307.50, suggesting additional potential but also a higher bar for future results.
• Negative Sentiment: Insider selling remains a risk: Data cited by Quiver Quantitative shows 70 insider sales and no purchases during the past six months. This may temper enthusiasm, although the sales are not necessarily tied to the latest earnings report.

Wall Street Analyst Weigh In

SNX has been the subject of several recent research reports. Morgan Stanley reduced their price target on TD SYNNEX from $374.00 to $334.00 and set an “overweight” rating for the company in a research report on Tuesday, September 15th. Zacks Research lowered TD SYNNEX from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. JPMorgan Chase & Co. upgraded shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a research report on Wednesday, May 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of TD SYNNEX in a report on Monday, September 14th. Finally, Royal Bank Of Canada set a $340.00 price target on TD SYNNEX in a research report on Friday, June 26th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, TD SYNNEX presently has an average rating of “Moderate Buy” and a consensus price target of $291.22.

Insider Buying and Selling

In other news, Director Richard T. Hume sold 5,000 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $262.21, for a total value of $1,311,050.00. Following the completion of the transaction, the director owned 13,537 shares in the company, valued at $3,549,536.77. This trade represents a 26.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ann F. Vezina sold 1,273 shares of the company’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $256.05, for a total value of $325,951.65. Following the completion of the sale, the director directly owned 5,828 shares in the company, valued at $1,492,259.40. This trade represents a 17.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 11,273 shares of company stock valued at $2,851,852. 0.70% of the stock is owned by company insiders.

About TD SYNNEX

TD SYNNEX Corporation (NYSE: SNX) is a global technology distributor and solutions aggregator that connects technology manufacturers with resellers, systems integrators, managed service providers and other business partners. The company helps its partners design, procure, configure and deliver technology solutions to organizations across a range of industries.

Its portfolio includes personal computing devices, peripherals, networking equipment, data-center infrastructure, cybersecurity products, software and cloud services.