S&P 500
7,496.40
+0.07%
Dow Jones
52,359.60
+0.01%
Nasdaq 100
29,897.70
+0.11%
Russell 2000
3,014.76
+0.05%
FTSE 100
10,488.40
-0.44%
Nikkei 225
69,769.80
+0.20%
TD SYNNEX

TD SYNNEX (SNX) Q4 2025 Earnings

Reported Jan 8, 2026 at 7:06 AM ET · SEC Source

Q4 25 EPS

$3.83

BEAT +2.71%

Est. $3.73

Q4 25 Revenue

$17.38B

BEAT +2.53%

Est. $16.95B

vs S&P Since Q4 25

+69.2%

BEATING MARKET

SNX +76.7% vs S&P +7.4%

Full Year 2025 Results

FY 25 EPS

$13.19

FY 25 Revenue

$62.51B

Market Reaction

Did SNX Beat Earnings? Q4 2025 Results

TD SYNNEX capped its fiscal year on a strong note, with fourth-quarter results beating Wall Street expectations on both the top and bottom lines as robust demand across its IT distribution business drove broad-based gains. Revenue climbed 9.7% year o… Read more TD SYNNEX capped its fiscal year on a strong note, with fourth-quarter results beating Wall Street expectations on both the top and bottom lines as robust demand across its IT distribution business drove broad-based gains. Revenue climbed 9.7% year over year to $17.38 billion, ahead of the $16.95 billion consensus, while non-GAAP diluted EPS of $3.83 topped the $3.73 estimate by 2.71%, representing a 24.0% jump from the $3.09 posted in the year-ago quarter. A key driver of the outperformance was Europe, where revenue surged 18.1% to $6.49 billion and non-GAAP operating income jumped 30.5%, complementing steady Americas growth and accelerating momentum in Asia-Pacific and Japan. Cash generation was particularly notable, with free cash flow reaching $1.42 billion in the quarter. Goldman Sachs initiated coverage with a Buy rating following the print, projecting 10% billings growth in fiscal 2026. Looking ahead, TD SYNNEX guided fiscal Q1 2026 revenue of $15.10 billion to $15.90 billion and non-GAAP diluted EPS of $3.00 to $3.50.

Key Takeaways

  • • Growth in both Advanced Solutions and Endpoint Solutions portfolios
  • • Non-GAAP gross billings grew 14.7% YoY driven by strong demand across all regions
  • • Greater percentage of sales presented on net basis due to product mix impacted revenue by approximately 5% but improved gross margin by approximately 30 basis points
  • • Europe revenue grew 18.1% YoY (11.2% constant currency) as the fastest-growing region
  • • APJ revenue grew 24.7% YoY (26.1% constant currency)
  • • Cash conversion cycle improved to 16 days from 18 days year over year
  • • ROIC improved to 9.7% from 8.5%; Adjusted ROIC improved to 10.5% from 10.0%
24/7 Wall St

SNX YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

SNX Revenue by Geography

With YoY comparisons, source: SEC Filings

Q2 25 Q4 25

“In the fourth quarter, our non-GAAP gross billings grew 15% year-over-year and non-GAAP diluted earnings per share grew 24% year-over-year, which established new records for our company and demonstrated the value of our diversified business model and the successful execution of our long-term strategy.”

— Patrick Zammit, Q4 2025 Earnings Press Release

Back to SNX Stock Page