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TD SYNNEX Corporation (SNX)
NYSE:SNX
Earnings Data
Report Date
Jul 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
2.73Last Year’s EPS
2.73Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Date:Mar 27, 2025
|% Change Since: -2.87%
|Next Earnings Date:Jul 01, 2025
Earnings Call Sentiment|Neutral
TD SYNNEX demonstrated strong revenue growth and expansion in strategic regions and technologies, alongside significant industry recognitions. However, challenges in the Hive segment, increased interest expenses, and weak free cash flow suggest some operational and financial pressures.Company Guidance
During the TD SYNNEX First Quarter Fiscal 2025 Earnings Call, the company provided detailed financial guidance and performance metrics for the quarter. Gross billings increased by 7.5% year over year to $20.7 billion, or 9.5% in constant currency, while net revenue was $14.5 billion, reflecting a 4% year-over-year growth. The gross profit margin was reported at $1 billion, representing a 4.82% of gross billings, although it saw a 40 basis point decline year over year. Non-GAAP operating income was $399 million, with a non-GAAP net income of $237 million, translating to a non-GAAP diluted earnings per share of $2.80. The company experienced a free cash flow usage of approximately $800 million, mainly due to increased working capital and inventory levels. Looking forward, TD SYNNEX expects second-quarter gross billings in the range of $19.7 to $20.7 billion and net revenue between $13.9 billion to $14.7 billion. They anticipate a non-GAAP net income ranging from $205 million to $247 million, with a diluted earnings per share between $2.45 to $2.95. The company remains committed to generating $1.1 billion in free cash flow for the fiscal year, despite temporary challenges in their Hive segment.Strong Start to Fiscal Year 2025
TD SYNNEX reported a strong start with gross billings growing by 7.5% year over year in Q1, and 9.5% in constant currency. Advanced Solutions grew by 7% and Endpoint Solutions grew by 8% year over year.
Geographic and Technological Expansion
The company expanded its reach to 30,000 active partners and 500,000 end users in Q1, with double-digit growth in strategic technologies across all geographic segments, notably in Latin America and APJ.
Industry Recognitions
TD SYNNEX received multiple industry awards, including distribution partner of the year for AWS, Palo Alto Networks, Insight Enterprises, and NVIDIA, and best distributor of the year by ChannelPro in North America.
Digital and Platform Advancements
Launched Digital Bridge Microsoft Teams app and expanded PACE platform in Europe, enhancing digital capabilities and partner engagement.
SNX Earnings History
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 |
|---|---|---|---|
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% |
Jun 25, 2024 | $127.50 | $115.30 | -9.57% |
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.
FAQ
When does TD SYNNEX Corporation (SNX) report earnings?
TD SYNNEX Corporation (SNX) is schdueled to report earning on Jul 01, 2025, TBA Not Confirmed.
What is TD SYNNEX Corporation (SNX) earnings time?
TD SYNNEX Corporation (SNX) earnings time is at Jul 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNX EPS forecast?
SNX EPS forecast for the fiscal quarter 2025 (Q2) is 2.73.
