NYSE$SNX
TD Synnex Corp · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Announced fiscal fourth quarter and fiscal year results.
TD Synnex reported Q4 revenue of $14.4 billion and non-GAAP EPS of $3.13, exceeding the high end of prior guidance. The company successfully navigated a challenging market in fiscal year 2023, generating robust free cash flow of $1.3 billion and returning $751 million to shareholders. They anticipate IT spending to rebound in 2024.
- Fiscal fourth quarter revenue of $14.4 billion, within the previously provided outlook of $14.0 - $15.0 billion.
- Fiscal fourth quarter non-GAAP diluted EPS of $3.13, exceeding the high end of the prior guidance range by $0.23.
- Fiscal fourth quarter gross margin and non-GAAP gross margin of 7.07%, up 55 bps and 44 bps, respectively, from the prior fiscal fourth quarter.
- Returned $751 million to shareholders in fiscal 2023 in the form of share repurchases and dividends, up 213% from the prior year.
Headline financials
Revenue & EPS history
TD Synnex · Revenue · Quarterly
$14.4B
Forward guidance
TD SYNNEX’s current expectations for the fiscal 2024 first quarter include revenue between $14.0 - $14.7 billion and non-GAAP gross billings between $19.0 - $20.0 billion.
Tailwinds
- Revenue between $14.0 - $14.7 billion
- Non-GAAP gross billings between $19.0 - $20.0 billion
- Net income between $147 - $192 million
- Non-GAAP net income between $232 - $277 million
- Diluted earnings per share between $1.65 - $2.15
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 18 quarterly earnings reports · overlaid with Q4 2023
+0.6%
Avg return
Earnings day
+2.2%
Avg return
5 days after
+1.7%
Avg return
30 days after
52%
35 / 67 earnings
Positive
+21.3%
Q1 2014
Best reaction
-15.4%
Q1 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +2.9% | — | — | |
| Q1 2026 | -2.4% | +13.4% | — | |
| Q4 2025 | -2.2% | +3.3% | +13.5% | |
| Q3 2025 | +6.2% | +8.9% | +3.1% | |
| Q2 2025 | -0.8% | +0.8% | +6.2% | |
| Q1 2025 | -14.3% | -17.2% | -11.5% | |
| Q4 2024 | +8.8% | +11.6% | +16.9% | |
| Q3 2024 | +2.0% | -0.6% | +2.8% | |
| Q2 2024 | -10.2% | -10.8% | -10.2% | |
| Q1 2024 | +10.0% | +7.3% | +11.3% | |
| Q4 2023 | +0.5% | -1.2% | -3.9% | |
| Q3 2023 | -2.4% | -2.0% | -11.0% | |
| Q2 2023 | -7.0% | -3.8% | +0.4% | |
| Q1 2023 | +0.4% | +4.1% | -5.4% | |
| Q4 2022 | +10.1% | +11.1% | +1.6% | |
| Q3 2022 | +1.5% | -3.6% | +6.8% | |
| Q2 2022 | -7.9% | -5.9% | +1.1% | |
| Q1 2022 | -3.9% | -4.8% | -10.8% | |
| Q4 2021 | -1.3% | -2.7% | -4.3% | |
| Q3 2021 | -5.2% | -6.1% | -7.7% | |
| Q2 2021 | +2.0% | +3.0% | -1.5% | |
| Q1 2021 | +5.6% | +13.1% | +19.8% | |
| Q4 2020 | +1.5% | +0.7% | +2.2% | |
| Q3 2020 | +6.5% | +12.3% | +0.5% | |
| Q2 2020 | +13.5% | +16.7% | +18.7% | |
| Q1 2020 | -0.6% | -3.5% | -1.9% | |
| Q4 2019 | +14.7% | +16.9% | +9.0% | |
| Q3 2019 | +15.1% | +15.0% | +20.2% | |
| Q2 2019 | +7.5% | +6.5% | +7.4% | |
| Q1 2019 | +1.0% | +7.5% | +16.1% | |
| Q4 2018 | +14.3% | +6.6% | +14.9% | |
| Q3 2018 | +5.5% | -0.1% | -2.3% | |
| Q2 2018 | -10.3% | -7.9% | -12.2% | |
| Q1 2018 | -15.4% | -14.4% | -12.8% | |
| Q4 2017 | -6.0% | -1.6% | -19.7% | |
| Q3 2017 | +8.3% | +9.0% | +13.4% | |
| Q2 2017 | +6.7% | +0.6% | -0.4% | |
| Q1 2017 | -3.9% | -4.3% | -5.5% | |
| Q4 2016 | +5.9% | +4.0% | -1.1% | |
| Q3 2016 | +9.3% | +7.0% | -3.4% | |
| Q2 2016 | +1.2% | -0.4% | +6.9% | |
| Q1 2016 | -6.7% | — | — | |
| Q4 2015 | -6.8% | — | — | |
| Q3 2015 | -3.3% | — | — | |
| Q2 2015 | -10.1% | — | — | |
| Q1 2015 | -7.0% | — | — | |
| Q4 2014 | +8.3% | — | — | |
| Q3 2014 | +5.2% | — | — | |
| Q2 2014 | -4.7% | — | — | |
| Q1 2014 | +21.3% | — | — | |
| Q4 2013 | -9.6% | — | — | |
| Q3 2013 | -1.6% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | -8.9% | — | — | |
| Q4 2012 | -0.1% | — | — | |
| Q3 2012 | -6.7% | — | — | |
| Q2 2012 | -1.8% | — | — | |
| Q1 2011 | -1.7% | — | — | |
| Q1 2012 | -0.4% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q4 2009 | +1.3% | — | — | |
| Q4 2011 | +1.3% | — | — | |
| Q3 2010 | +0.5% | — | — | |
| Q4 2010 | +0.5% | — | — | |
| Q3 2011 | +0.5% | — | — | |
| Q2 2010 | -1.6% | — | — | |
| Q1 2010 | +1.2% | — | — |
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