TD SYNNEX Tops Q2 Estimates, Stock Gains 5%

TD SYNNEX (NYSE:SNX) reported solid fiscal second-quarter results that exceeded expectations on both the top and bottom line. As a result, the company’s shares rose more than 5% intra-day today.

Adjusted earnings per share came in at $2.99, beating the $2.71 analyst consensus. Revenue grew 7.2% year-over-year to $14.95 billion, also topping forecasts of $14.3 billion. Non-GAAP gross billings rose 12.1% to $21.6 billion, while the company maintained a stable operating margin of 2.8%.

CEO Patrick Zammit credited the strong performance to continued momentum in IT distribution and hyperscaler markets, as well as disciplined execution that allowed TD SYNNEX to outperform industry growth.

Looking ahead, the company issued Q3 guidance for adjusted EPS in the range of $2.75 to $3.25, straddling the $2.96 consensus. Revenue is expected between $14.7 billion and $15.5 billion, slightly above Wall Street’s $15.02 billion estimate at the midpoint.

Regionally, the Americas led with $9.0 billion in revenue, up 5.3%, while Europe climbed 10.5% to $4.9 billion. Asia-Pacific and Japan posted an 8.7% increase to $1.0 billion, reflecting broad-based growth.

Despite the positive results and outlook, the stock’s modest decline suggests investors may be weighing near-term volatility or margin pressures against the company’s longer-term trajectory.