TD SYNNEX (SNX) Q3 2025 Earnings
How Did SNX Stock React to Q3 2025 Earnings?
S&P 500 over the same 30 days: +4.13%.
Did SNX Beat Earnings? Q3 2025 Results
Yes. TD SYNNEX reported Q3 2025 earnings of $3.58 a share on Sep 25, 2025, beating the $3.05 consensus estimate by 17.5%. Revenue was $15.7B against a $15.1B estimate.
TD SYNNEX posted a strong fiscal third quarter, beating Wall Street's expectations on both the top and bottom lines as demand across its technology distribution portfolios accelerated. The company reported non-GAAP diluted EPS of $3.58, ahead of the $3.05 consensus estimate by 17.53%, while revenue climbed 6.6% year over year to $15.65 billion, topping the $15.11 billion consensus by 3.57%. A key driver of the outperformance was broad-based growth across both its Advanced Solutions and Endpoint Solutions segments, with Europe leading reported regional gains at 12.7% and Asia-Pacific and Japan rising 20.4%. Notably, a shift toward net-basis revenue presentation dampened reported revenue by roughly 5% relative to the prior year, meaning underlying business volume, reflected in non-GAAP gross billings of $22.73 billion, up 12.1% year over year, tells a stronger story. Looking ahead, management guided fiscal Q4 revenue of $16.50 to $17.30 billion and non-GAAP diluted EPS of $3.45 to $3.95, signaling continued confidence in demand trends heading into the holiday quarter.
- Growth in both Advanced Solutions and Endpoint Solutions portfolios
- Strong execution and differentiated go-to-market strategy
- Global end-to-end portfolio of products and services
- Gross margin expansion of 68 bps driven partly by net revenue presentation mix shift
- Non-GAAP gross billings growth of 12.1% year over year (10.1% constant currency)
- APJ region delivered 20.4% revenue growth and 29.7% non-GAAP gross billings growth
“Our third quarter non-GAAP gross billings and diluted earnings per share established new records for our company. Our performance is a clear result of our teams' strong execution, a differentiated go-to-market strategy, and a global, end-to-end portfolio of products and services that is unrivaled.”
TD SYNNEX CEO, on the earnings call
What Was TD SYNNEX's Outlook in Q3 2025?
For fiscal Q4 2025 (three months ending November 30, 2025), TD SYNNEX expects: revenue of $16.5–$17.3 billion; non-GAAP gross billings of $23.0–$24.0 billion; net income of $204–$245 million; non-GAAP net income of $281–$322 million; GAAP diluted EPS of $2.50–$3.00; non-GAAP diluted EPS of $3.45–$3.95; and estimated outstanding diluted weighted average shares of 80.7 million.
SNX YoY Financials
| Metric | Q3 2025 | Q3 2024 | Year over year |
|---|---|---|---|
| Revenue | $15.7B | $14.7B | +6.6% |
| Gross Profit | $1.1B | $868.6M | +30.1% |
| Operating Income | $383.7M | $309.2M | +24.1% |
| Net Income | $226.8M | $178.6M | +27.0% |
SNX Revenue by Geography
Figures from SEC filings and company reports. Not investment advice.