TD Synnex Corp · Q3 2024 earnings

Briefing

TD Synnex's Q3 2024 results reflected strong performance, exceeding expectations and demonstrating growth across various segments and geographies.

TD Synnex reported a strong Q3 with revenue at $14.7 billion, at the upper end of their outlook. Non-GAAP gross billings were $20.3 billion, above the high end of their outlook. Net income was $179 million, and non-GAAP net income was $245 million, both above the midpoint of their outlook. Diluted EPS was $2.08, and non-GAAP diluted EPS was $2.86, also above the midpoint of their outlook.

• Revenue reached $14.7 billion, hitting the upper end of the projected range.
• Non-GAAP gross billings exceeded expectations at $20.3 billion.
• Net income and non-GAAP net income surpassed the midpoint of the company's outlook.
• Diluted EPS and non-GAAP diluted EPS exceeded the midpoint of the projected range.

Headline financials

Revenue & EPS history

TD SYNNEX's Q4 2024 outlook anticipates revenue between $14.9 and $15.7 billion and non-GAAP gross billings between $20.5 and $21.5 billion. Net income is projected to be $162 to $205 million, with non-GAAP net income expected to be $239 to $282 million. Diluted EPS is forecasted at $1.90 to $2.40, and non-GAAP diluted EPS is estimated to be $2.80 to $3.30.