TD SYNNEX Surprises with Strong Quarterly Earnings Results

Author: Thomas Cooper Updated: 09-26-2025 11:57 AM

Strong Third-Quarter Results for TD SYNNEX

TD SYNNEX (NYSE: SNX) has recently announced impressive third-quarter results, showcasing substantial growth that far exceeded market expectations. The company achieved a remarkable revenue of $15.65 billion, significantly surpassing analysts' forecast of $15.11 billion. This performance signifies a commendable 6.6% increase compared to the previous year's revenue of $14.69 billion.

Adjusted Earnings Show Significant Growth

Along with impressive revenues, TD SYNNEX reported adjusted earnings of $3.58 per share. This figure comfortably outstripped analysts' expectations of $3.05 per share, indicating a substantial 25.2% growth from the prior year's earnings of $2.86 per share.

CEO Highlights Company Achievements

Patrick Zammit, the CEO of TD SYNNEX, enthusiastically commented on the quarter's performance, stating, "Our third quarter non-GAAP gross billings and diluted earnings per share established new records for our company. This achievement is a clear reflection of our team's strong execution, a unique go-to-market strategy, and an unparalleled global portfolio of products and services." His sentiments reflect the overall confidence in the direction the company is heading.

Promising Forecast for Fourth Quarter

As the company looks to the future, it anticipates adjusted earnings in the range of $3.45 to $3.95 per share for the fourth quarter. This projection exceeds the market's expectation of $3.33 per share. Moreover, the outlook for revenue in the upcoming quarter ranges from $16.50 billion to $17.30 billion, which outpaces the anticipated $15.99 billion, demonstrating a robust trajectory.

Market Response and Analyst Adjustments

Following these positive earnings announcements, TD SYNNEX shares saw a slight increase of 1%, closing at $161.30 on the following Friday. In light of these remarkable results, several analysts have revised their price targets for TD SYNNEX stock:

B of A Securities analyst Ruplu Bhattacharya maintained a Buy rating and raised the price target from $170 to $180.
Barclays analyst Tim Long kept an Equal-Weight rating, adjusting the price target up from $140 to $164.
Morgan Stanley analyst Erik Woodring maintained an Overweight rating and increased the price target from $173 to $181.
RBC Capital analyst Ashish Sabadra maintained an Outperform rating, raising the price target from $165 to $180.

Considerations for Potential Investors

If you're contemplating an investment in the SNX stock, it’s vital to consider these optimistic forecasts and the recent positive performance. Analyst upgrades may indicate strong confidence in TD SYNNEX’s prospects, especially as they navigate the rapidly evolving tech landscape. Leveraging their strategic advantages could spell further growth for the company.

Frequently Asked Questions

What were TD SYNNEX's earnings for the third quarter?

TD SYNNEX reported adjusted earnings of $3.58 per share, exceeding expectations of $3.05 per share.

How much revenue did TD SYNNEX generate in Q3?

The company generated $15.65 billion in revenue in the third quarter, surpassing analyst expectations.

What is the company's forecast for the fourth quarter?

TD SYNNEX anticipates adjusted earnings between $3.45 and $3.95 per share and revenue between $16.50 billion and $17.30 billion.

How did analysts react to the earnings report?

Analysts have generally responded positively, raising price targets for TD SYNNEX stock after the earnings announcement.

What does Patrick Zammit say about the company's performance?

Patrick Zammit emphasized that the quarterly performance highlighted the team's effective strategies and innovative product offerings.

About The Author

Hello, I'm Thomas Cooper, a financial expert and writer passionate about helping people understand and navigate the financial world. Having a solid financial background and a lot of experience, my area of expertise is simplifying difficult financial ideas into useful, understandable guidance. My goal with my writings and blog entries is to provide you the information and resources you need to make wise financial choices.

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