SNX Stock Recent News

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.

TD Synnex posted higher revenue in its latest quarter but that and other key metrics along with its outlook for the second quarter came up short of Wall Street's estimates, sending shares lower.

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal first quarter ended February 28, 2025. “The strength of our business model allowed us to grow ahead of the market in Q1. Our end-to-end strategy, global reach and specialist go to market approach continues to empower us to capture a wide range of IT spend,” said Patrick Zammit, CEO of TD SYNNEX. “Gross billings in constant currency grew by 9.5% year-over-year in Q1 with al.

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX has been selected as an NVIDIA Partner Network (NPN) 2025 partner of the year award winner as Distributor of the Year for the Americas.

FREMONT, Calif.--(BUSINESS WIRE)--Hyve Solutions Corporation, a wholly owned subsidiary of TD SYNNEX Corporation (NYSE: SNX) and a leading provider of hyperscale digital infrastructures, today announced its participation at GTC 2025, taking place March 17-21 in San Jose, California. Hyve will showcase its latest AI infrastructure portfolio, designed to support scalable AI deployments across datacenter, hybrid cloud, and edge environments. End-to-End AI Lifecycle Solutions Hyve Solutions, an Eli.