SYNNEX Corporation Stock News

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, ...

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 - Loo...

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.

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 Za...

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 dat...

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it will report its financial results for the first quarter of fiscal 2025 before the U.S. market opens on Thursday, March 27, 2025. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earning...