TD SYNNEX (NYSE:SNX) Releases Q2 2026 Earnings Guidance

TD SYNNEX (NYSE:SNX) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 3.750-4.250 for the period, compared to the consensus estimate of 3.370. The company issued revenue guidance of $16.1 billion-$16.9 billion, compared to the consensus revenue estimate of $15.8 billion.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wall Street Zen raised TD SYNNEX from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. JPMorgan Chase & Co. upped their price target on TD SYNNEX from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Wednesday, April 1st. Barrington Research reaffirmed an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a report on Friday, March 27th. Morgan Stanley upped their price target on TD SYNNEX from $172.00 to $174.00 and gave the company an “overweight” rating in a report on Friday, March 20th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.00.

TD SYNNEX Stock Down 0.2%

NYSE:SNX traded down $0.45 during trading hours on Thursday, hitting $199.77. 214,519 shares of the stock traded hands, compared to its average volume of 808,589. The firm has a 50 day moving average price of $163.58 and a 200 day moving average price of $156.98. The company has a current ratio of 1.22, a quick ratio of 0.75 and a debt-to-equity ratio of 0.41. TD SYNNEX has a fifty-two week low of $98.75 and a fifty-two week high of $205.01. The firm has a market cap of $16.11 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.08 and a beta of 1.23.

TD SYNNEX (NYSE:SNX) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, topping analysts’ consensus estimates of $3.24 by $1.49. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The business had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $15.59 billion. During the same period in the prior year, the business posted $2.80 earnings per share. TD SYNNEX’s revenue for the quarter was up 18.1% compared to the same quarter last year. Equities research analysts anticipate that TD SYNNEX will post 11.88 earnings per share for the current year.

TD SYNNEX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 29th. Stockholders of record on Wednesday, April 15th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.0%. TD SYNNEX’s dividend payout ratio is 15.96%.

Insider Buying and Selling at TD SYNNEX

In related news, CFO David Gregory Jordan sold 3,225 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $189.46, for a total value of $611,008.50. Following the completion of the sale, the chief financial officer directly owned 14,035 shares in the company, valued at approximately $2,659,071.10. This represents a 18.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard T. Hume sold 23,365 shares of the company’s stock in a transaction on Monday, February 2nd. The stock was sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the completion of the sale, the director owned 42,515 shares of the company’s stock, valued at $6,829,184.45. This represents a 35.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 79,140 shares of company stock valued at $12,953,944. Company insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ossiam raised its position in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after buying an additional 75 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in TD SYNNEX in the fourth quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in TD SYNNEX in the third quarter worth about $30,000. Brown Brothers Harriman & Co. raised its position in TD SYNNEX by 675.9% in the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after purchasing an additional 196 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in TD SYNNEX by 97.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 470 shares of the business services provider’s stock worth $72,000 after purchasing an additional 232 shares in the last quarter. Institutional investors and hedge funds own 84.00% of the company’s stock.

TD SYNNEX Company Profile

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.