SYNNEX

TD SYNNEX Corp. engages in the distribution and aggregation of solutions in the information technology ecosystem. It operates through the following geographical segments: Americas, Europe, and Asia-Pacific and Japan. The firm offers IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. It also provides system design and integration solutions. The company was founded by Robert T. Huang in 1980 and is headquartered in Fremont, CA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

SYNNEX (SNX) surpasses Q4 targets, eyes IT spending growth

SYNNEX delivered strong financial performance, exceeding targets and showcasing growth across regions and business segments. Challenges lie in the PC market and supply chain constraints, but opportunities abound in IT spending growth and cost synergies realization.

SYNNEX (SNX) reports resilient Q1 performance amidst market challenges

SYNNEX (SNX) delivered a solid performance in Q1 despite challenges in the PC market, showcasing strength in high growth technologies and resilient segments like SMB and government spend.
The company faces challenges related to customer caution, inventory management, and endpoint device improvements but sees opportunities in market expansion, efficiency gains, and technological advancements.
Overall sentiment remains stable across sales channels, with a focus on capital allocation, cash flow generation, and shareholder returns through dividends and share repurchases.
Interest expense is expected to decrease in the second half, and the company is well-positioned to leverage growth opportunities in advanced solutions and new technologies.

SYNNEX shows resilience in Q2, eyes market recovery and M&A

SYNNEX's Q2 showcased resilience, growth in Advanced Solutions, and cost synergies. Challenges include PC demand decline and elongated sales cycles. Opportunities lie in market sentiment recovery, M&A pursuits, and tech spending trends.

SYNNEX reports positive Q3 results amidst European challenges and growth opportunities

SYNNEX's Q3 performance showed growth in key areas but faced challenges in Europe due to macroeconomic factors.
The company's focus on cost optimization and new solutions highlights a commitment to driving value for customers.
While maintaining market share in the Americas, efforts are ongoing to address challenges and capitalize on growth opportunities.
Overall, SYNNEX remains optimistic about future prospects and is actively working towards further optimization and expansion.

SYNNEX (SNX) surpasses Q4 expectations, eyes growth amidst challenges

SYNNEX (SNX) reported strong Q4 results, exceeding expectations in key financial metrics and showcasing resilience amidst market challenges. The company's focus on ESG, digital capabilities, and strategic investments positions it well for future growth. Challenges in margin optimization and market headwinds require careful navigation, but opportunities for growth through new segments and improved solution offerings are on the horizon.

SYNNEX (SNX) reports strong Q1 earnings, eyes AI opportunities

SYNNEX (SNX) had a strong start to the fiscal year with record margins and solid growth in Advanced Solutions. Despite challenges in mobile devices and some billing declines, the company remains optimistic about future opportunities.
The outlook for Q2 shows expectations for continued financial strength, with a focus on AI-related demand and strategic decisions to optimize revenue growth. Management's appreciation for quarter performance and dedication of coworkers highlight a positive outlook for the company.
With a focus on maintaining financial performance, capitalizing on AI-related opportunities, and addressing challenges in specific segments, SYNNEX (SNX) aims to navigate market dynamics and drive growth in the coming quarters.

SYNNEX Q2 Earnings Up, Bullish on AI and New CEO

SYNNEX's Q2 2024 earnings call highlighted a positive financial trajectory with a 3% increase in gross billings and strong shareholder returns. The company is optimistic about future growth, driven by technological investments and new leadership under CEO Patrick Zammit. AI and AI PCs are identified as key growth areas.

SYNNEX reports growth in Q3 earnings, eyes AI investments

SYNNEX demonstrated solid performance in Q3 with growth in gross billings and a focus on key business priorities.
While facing challenges in non-GAAP gross profit, the company aims to optimize cost management and drive free cash flow.
Opportunities lie in investments in AI, strategic technologies, and potential M&A strategies to fuel future growth and innovation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Synnex (SNX) delivered earnings and revenue surprises of 4.90% and -0.48%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock?

Synnex (SNX) Surpasses Q3 Earnings Estimates

IT ecosystem distributor and solutions aggregator TD Synnex (NYSE: SNX) reported a third-quarter FY21 revenue decline of 1.9% year-on-year to $5.21 billion, missing the consensus of $5.23 billion. Margin: The non-GAAP operating margin expanded 43 bps to 3.23%.

TD Synnex Issues Cautious Q4 Outlook Due To Supply Chain Crisis

TD SYNNEX Reports Third Quarter Fiscal 2021 Results

Increased demand for hardware and tools, which support remote working, is anticipated to have aided TD SYNNEX's (SNX) Q3 performance.

What's in the Offing for TD SYNNEX's (SNX) Q3 Earnings?

Zscaler

TD SYNNEX (SNX) commences partnership with global cloud security-as-a-service provider Zscaler to leverage zero trust security solutions through the latter's Zero Trust Exchange platform.

TD SYNNEX (SNX) Partners With Zscaler For Zero Trust Security

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX today announced a partnership with Zscaler which enables partners to purchase security solutions and services as part of the Zscaler™ Zero Trust Exchange™ platform directly from TD SYNNEX. “Bringing Zscaler's leading security platform, the Zscaler Zero Trust Exchange, into TD SYNNEX' portfolio was a natural fit. Our cloud-enabled architecture can stand on its own or complement any number of security solutions," said Todd Meister, SV

TD SYNNEX Announces Partnership with Zscaler

TD SYNNEX's (SNX) latest agreement with the Israeli software maker, Indeni, will further enhance its networking security portfolio.

TD SYNNEX (SNX) Inks Deal With Indeni, Boosts Security Portfolio

SAN JOSE, Calif.--(BUSINESS WIRE)--Today, McAfee Enterprise announced that it has collaborated with IBM Security to develop an integrated solution for TD SYNNEX customers that provides visibility, investigation, remediation and control to protect the global workforce. The TD SYNNEX security solution is available to its customers through TD SYNNEX's IT distribution network and is based on integrations between McAfee Enterprise MVISION and IBM Security QRadar products. This is the first solution

McAfee Enterprise and IBM Security Simplify Security Operations for TD SYNNEX Customers

TD SYNNEX (SNX) partners with Palo Alto Networks to enhance its networking security portfolio, thereby strengthening its presence in India & SAARC.

TD SYNNEX (SNX) Signs Distribution Deal With Palo Alto

MUMBAI, India--(BUSINESS WIRE)--Tech Data, a TD SYNNEX company today announced it has signed a distribution agreement for India & SAARC with Palo Alto Networks, the global cybersecurity leader, to provide highly effective and comprehensive cybersecurity offerings. These cybersecurity solutions will enable organizations to deliver innovations that are secure, reliable, scalable, and protect their customers from cyberattacks. “Palo Alto Networks is a great addition to our Network Security por

Tech Data Signs Distribution Partnership with Palo Alto Networks in India & SAARC

TD SYNNEX to Announce Third Quarter Fiscal 2021 Results on September 28, 2021

Timken

Universal Forest Products

There are some investors who believe growth is important, but also do not want to pay too much for it. They are looking for the union of growth and value when searching for good investment opportunities.

3 Stocks for GARP Investors

FREMONT, Calif & CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced its Board of Directors. The Board includes members from SYNNEX' and Tech Data's prior boards as well as a new member, all with extensive experience across a variety of industries. “I am excited to partner with the talented leaders who form the Board of TD SYNNEX and look forward to working with them as we bring together our two great companies. We and our stakeholders will certainly benefit from the collec

TD SYNNEX Announces Board of Directors

FREMONT, Calif. & CLEARWATER, Fla.--(BUSINESS WIRE)--SYNNEX Corporation (NYSE: SNX) and Tech Data Corporation today announced the successful completion of their merger. The combined company is now TD SYNNEX, led by Rich Hume as CEO. Dennis Polk, formerly the CEO of SYNNEX, is Executive Chair of the TD SYNNEX Board of Directors. “TD SYNNEX is uniquely positioned in today's relentlessly transforming technology ecosystem,” said Rich Hume, TD SYNNEX CEO. “As a versatile distributor and solutions ag

SYNNEX and Tech Data Complete Merger to become TD SYNNEX, a Leading Global Distributor and Solutions Aggregator for the IT Ecosystem

FREMONT, Calif., Aug. 27, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that all required regulatory approvals to complete the proposed merger with Tech Data have now been received and the transaction is expected to be completed on or around September 1, 2021, subject to the satisfaction or waiver of the remaining customary closing conditions set forth in the merger agreement.

SYNNEX Corporation Announces Receipt of All Required Regulatory Approvals for Pending Merger with Tech Data

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Synnex (SNX) Stock Undervalued Right Now?

SYNNEX Corporation Teams with Nextiva to Expand Cloud Communications Solutions

Are Investors Undervaluing Synnex (SNX) Right Now?

VANCOUVER, British Columbia--(BUSINESS WIRE)--D3 Security Teams with SYNNEX Corporation to Distribute Advanced SOAR Platform

D3 Security Teams with SYNNEX Corporation to Distribute Advanced SOAR Platform

Proofpoint

The recently-announced collaboration with Proofpoint will enhance SYNNEX's (SNX) networking security portfolio, thereby helping fortify its global footprint.

SYNNEX (SNX) to Offer Proofpoint's Cybersecurity Solutions

Distribution, systems design, and integration services provider Synnex Corp (NYSE: SNX) expanded its networking and security portfolio with Proofpoint Inc's (NASDAQ: PFPT) products and services, a cybersecurity and compliance company.   The financial terms of the transaction remain undisclosed.

Synnex Adds Proofpoint To Drive Security Networking Portfolio

GREENVILLE, S.C., July 21, 2021 /PRNewswire/ -- SYNNEX Corporation (NYSE: SNX), a leading provider of distribution, systems design and integration services for the technology industry, today announced that it has expanded its networking and security portfolio with the addition of Proofpoint products and services, a leading cybersecurity and compliance company.

SYNNEX Corporation Expands Security and Networking Portfolio with Proofpoint

SYNNEX (SNX) to distribute DTEN's video collaboration devices, including DTEN D7, DTEN ON, DTEN GO with DTEN Mate, and DTEN ME products across the United States.

SYNNEX (SNX) to Distribute DTEN's Video Conference Hardware

SAN JOSE, Calif., July 20, 2021 /PRNewswire/ -- DTEN announces a distribution agreement with SYNNEX Corporation, a leading provider of distribution, systems design and integration services for the technology industry, making the complete DTEN portfolio of video-first solutions available through SYNNEX' extensive network of retail and reseller partners.

DTEN Teams With Leading Technology Distributor SYNNEX Corporation

Synnex Corporation ( SNX , Financial) recently joined the ranks of Undervalued Predictable stocks at GuruFocus because of its earnings-based discounted cash flow valuation and its predictability rating of five-out-of-five stars

News for SYNNEX Stock (SNX)