SNX Stock Recent News

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX has been recognized by Lenovo with awards honoring its sustainability commitments and the strength of its business partnership.

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FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it has acquired Apptium, a software development company and provider of a cloud commerce platform that connects the world's applications, data and devices. The acquisition reflects a critical investment in TD SYNNEX's technology solutions orchestration strategy and expands the company's depth and breadth of cloud and everything-as-a-service offerings. StreamOne is the foundation of TD SYNNEX's digital bus.

Evaluate TD SYNNEX's (SNX) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.

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FREMONT, Calif., & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, has been recognized by Dell Technologies in multiple regions with 2025 Partner of the Year awards honoring its sustainability commitments, marketing excellence and the strength of its business partnership. The company was recognized as Dell Technologies' 2025 EMEA Distributor of the Year, marking the second consecutive year TD SYNNEX has earned.

I upgrade SNX to buy as 2Q25 results show broad-based growth, strong execution, and improved demand visibility. Hyve's turnaround and new transparency resolve a key overhang, with resumed demand from major customers and clear growth contribution. Aggressive capital returns—via buybacks and dividends—support the stock and help bridge to SNX's double-digit EPS growth target.

TD SYNNEX Corporation (NYSE:SNX ) Q2 2025 Earnings Conference Call June 24, 2025 9:00 AM ET Company Participants David Jordan - Head of Investor Relations Marshall W. Witt - Chief Financial Officer Patrick Zammit - CEO, President & Director Conference Call Participants Adam Tyler Tindle - Raymond James & Associates, Inc., Research Division David Paige Papadogonas - RBC Capital Markets, Research Division David Vogt - UBS Investment Bank, Research Division Erik William Richard Woodring - Morgan Stanley, Research Division Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division Ruplu Bhattacharya - BofA Securities, Research Division Vincent Alexander Colicchio - Barrington Research Associates, Inc., Research Division Operator Good morning.

I am initiating TD Synnex Corporation with a Buy rating and a fair value of $212, citing its attractive valuation and strategic shift. TD Synnex's focus on advanced solutions—cloud, security, data analytics, and AI—positions it well for enterprise and hyperscaler growth. Despite competitive pressures and reliance on major OEMs, I expect steady revenue growth and flat margins, supported by strong Q2 results.

Shares of TD Synnex (SNX) jumped over 6% in intraday trading Tuesday after the IT services provider posted fiscal second-quarter results above analysts' expectations.