SNX Stock Recent News
SNX LATEST HEADLINES
Press release TD SYNNEX and Trifork Partner to Deliver Scalable AI and Digital Transformation Solutions April 22 nd , 2025 – Austin, Texas – Trifork today announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem. Through this partnership, Trifork will deliver advanced digital solutions to TD SYNNEX's new and existing customers, helping them accelerate digital transformation and drive measurable business outcomes.
FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) is hosting its 2025 Investor Day today at 8:30 a.m. ET to provide updates on strategy and medium-term financial aspirations.
FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) announced today that it has received the 2025 Google Cloud Global Social Impact Partner of the Year Award. As a leading global distributor and solutions aggregator serving customers in more than 100 countries, TD SYNNEX is being recognized for its achievements in the Google Cloud ecosystem to drive meaningful outcomes in communities around the world through engagement and advocacy. "We are proud to honor TD SYNNEX as ou.
I am downgrading TD Synnex Corp. from buy to hold due to weak 1Q25 results and disappointing Hyve performance, impacting near-term growth outlook. SNX's 1Q25 adj. gross billings grew 7.5% y/y, but revenue and net earnings margins fell short of my FY25 expectations, with adj EPS guidance suggesting further misses. Hyve's underperformance, driven by component shipment delays and demand softness, is a major concern, leading to revenue timing disruptions and investor confidence issues.
SNX's first-quarter fiscal 2025 results show modest revenue growth, but rising expenses and weak guidance trigger a sharp decline in its stock price.
TD SYNNEX Corporation (NYSE:SNX ) Q1 2025 Earnings Conference Call March 27, 2025 9:00 AM ET Company Participants David Jordan - Head, IR Patrick Zammit - CEO Marshall Witt - CFO Conference Call Participants David Vogt - UBS Ruplu Bhattacharya - Bank of America Keith Housum - Northcoast Research Adam Tindle - Raymond James Joseph Cardoso - JPMorgan Michael Ng - Goldman Sachs Ananda Baruah - Loop Capital George Wang - Barclays David Paige - RBC Capital Markets Vincent Colicchio - Barrington Research Operator Good morning. My name is Kate, and I will be your conference operator today.
U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 90 points on Thursday.
TD Synnex (SNX) shares sank 17% Thursday when the distributor of IT products posted worse-than-expected results and guidance as some of its expenses grew.
Although the revenue and EPS for TD SYNNEX (SNX) give a sense of how its business performed in the quarter ended February 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
TD SYNNEX (SNX) came out with quarterly earnings of $2.80 per share, missing the Zacks Consensus Estimate of $2.87 per share. This compares to earnings of $2.99 per share a year ago.