IT services aggregator TD Synnex beat Q3 revenue, adjusted profit estimates

TD Synnex

25/09/2025 11:10

Overview

TD Synnex fiscal Q3 revenue rises 6.6% yr/yr, beating analyst expectations, per LSEG data

Adjusted EPS for fiscal Q3 beats consensus, reflecting strong operational performance

Co returned $210 mln to shareholders via share repurchases and dividends

Outlook

TD Synnex sees Q4 2025 revenue between $16.5 bln and $17.3 bln

Company expects Q4 non-GAAP gross billings of $23.0 bln to $24.0 bln

TD Synnex forecasts Q4 net income of $204 mln to $245 mln

Company anticipates Q4 non-GAAP EPS of $3.45 to $3.95

Result Drivers

ADVANCED AND ENDPOINT SOLUTIONS - Growth in Advanced Solutions and Endpoint Solutions portfolios drove revenue increase

PRODUCT MIX IMPACT - Greater percentage of sales presented on a net basis negatively impacted revenue by about 5%

GROSS MARGIN IMPROVEMENT - Presentation of additional revenues on a net basis positively impacted gross margin by 35 basis points

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$15.65 bln
$15.11 bln (9 Analysts)
Q3 Adjusted EPS
Beat
$3.58
$3.05 (11 Analysts)
Q3 EPS
$2.74
Q3 Adjusted Net Income
Beat
$296.20 mln
$247.40 mln (8 Analysts)
Q3 Net Income
$226.80 mln
Q3 Adjusted Operating Income
Beat
$474.90 mln
$410.20 mln (9 Analysts)
Q3 Operating Income
$383.70 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the computer hardware peer group is "buy"

Wall Street's median 12-month price target for TD Synnex Corp is $158.00, about 4.8% above its September 24 closing price of $150.34

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nBw8hdQSRa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)