The earnings call reflected a strong financial performance in Q2, with significant growth in key segments and recognition within the industry. However, there were some challenges related to margin pressures and macroeconomic uncertainties that led to a cautious outlook for Q3.

Company Guidance -

Q2 2025

During the TD SYNNEX second quarter fiscal 2025 earnings call, the company reported a 12% increase in gross billings, with non-GAAP diluted EPS surpassing the high end of guidance. Gross billings for the Advanced Solutions portfolio grew 12% year over year, driven by demand in data center infrastructure, cloud, security, and AI. The company's Endpoint Solutions portfolio saw a 13% increase, supported by a PC refresh cycle. Software billings rose 20%, propelled by cybersecurity and infrastructure software. Non-GAAP net income was $251 million, and non-GAAP diluted earnings per share was $2.99. Free cash flow for the quarter was $543 million, and the company returned $186 million to shareholders. Looking ahead, non-GAAP gross billings for the third quarter are expected to range from $21 billion to $22 billion, with net revenue between $14.7 billion and $15.5 billion. The company maintains a non-GAAP tax rate of 23% and plans $105 million in share repurchases during the upcoming quarter.

Strong Q2 Performance

Gross billings grew 12% year over year, 11% in constant currency. Non-GAAP diluted EPS exceeded the high end of guidance with all regions and major technologies contributing.

Software Segment Growth

Software billings grew 20% year over year, fueled by cloud, cybersecurity, and infrastructure software.

Recognition and Awards

TD SYNNEX received 40+ honors in the channel, including HPE Global Distribution Partner of the Year and NVIDIA's Americas Distributor of the Year.

Hive Growth

Hive gross billings grew in the high teens, driven by server and network rack builds, despite some margin challenges.

Positive Cash Flow and Shareholder Returns

Free cash flow generation for the quarter was approximately $543 million. $186 million was returned to stockholders in share repurchases and dividends.

TD SYNNEX Corporation (SNX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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SNX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 30, 2025	2025 (Q3)	3.02 / -	2.86	―	―	―
Jun 24, 2025	2025 (Q2)	2.71 / 2.99	2.73	9.52% (+0.26)
Mar 27, 2025	2025 (Q1)	2.91 / 2.80	2.99	-6.35% (-0.19)
Jan 10, 2025	2024 (Q4)	3.05 / 3.09	3.13	-1.28% (-0.04)
Sep 26, 2024	2024 (Q3)	2.80 / 2.86	2.78	2.88% (+0.08)
Jun 25, 2024	2024 (Q2)	2.82 / 2.73	2.43	12.35% (+0.30)
Mar 26, 2024	2024 (Q1)	2.84 / 2.99	2.93	2.05% (+0.06)
Jan 09, 2024	2023 (Q4)	2.67 / 3.13	3.44	-9.01% (-0.31)
Sep 26, 2023	2023 (Q3)	2.47 / 2.78	2.74	1.46% (+0.04)
Jun 27, 2023	2023 (Q2)	2.54 / 2.43	2.72	-10.66% (-0.29)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

SNX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 24, 2025	$127.60	$136.88	+7.27%
Mar 27, 2025	$124.92	$107.08	-14.28%
Jan 10, 2025	$121.20	$133.02	+9.75%
Sep 26, 2024	$116.04	$117.44	+1.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.