NYSE$SNX

TD Synnex Corp · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

TD SYNNEX reported Q4 2025 revenue of $17.4B with GAAP diluted EPS of $3.04 and non-GAAP EPS of $3.83.

Fourth-quarter revenue was $17.4 billion with net income of $248 million. GAAP diluted EPS was $3.04 and non-GAAP diluted EPS was $3.83. The company highlighted technology solutions demand and integration synergies across its distribution platform.

  • Q4 revenue $17.4B.
  • Net income $248M; GAAP EPS $3.04; non-GAAP EPS $3.83.
  • Technology solutions and endpoint demand cited.
  • Capital returns and integration progress remain priorities.

Headline financials

Total Revenue

$17.4B

Previous: $15.8B+9.8%
EPS (adj)

$3.83

Previous: $3.09+23.9%
Non-GAAP Gross Billings

$24.3B

Previous: $21.2B+14.7%
Gross Margin

6.9%

Previous: 6.6%+4.6%
Operating Margin

2.3%

Previous: 2.0%+11.7%
Non-GAAP Operating Income

$497M

Previous: $422M+17.9%
Non-GAAP Operating Margin

2.9%

Previous: 2.7%+7.5%
Days Sales Outstanding

61

Previous: 60+1.7%
Days Inventory Outstanding

53

Previous: 51+3.9%
Days Payable Outstanding

98

Previous: 93+5.4%
Cash Conversion Cycle

16

Previous: 18-11.1%
ROIC

9.7%

Previous: 8.5%+14.1%
Adjusted ROIC

10.5%

Previous: 10.0%+5.0%
Capital Expenditures

-$38.3M

Previous: -$49.1M+21.9%
Net Income

$248M

Previous: $195M+27.5%
Operating Income

$399M

Previous: $325M+22.7%
Gross Profit

$1.19B

Previous: $1.04B+14.8%

Revenue & EPS history

TD Synnex · Revenue · Quarterly

$17.4B

Q4 2025+9.8%vs Q4 2024
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Forward guidance

The release discusses TD SYNNEX's outlook for upcoming periods, including capital allocation, operating priorities, and market risks, without relying solely on numeric EPS bridges.

Tailwinds

  • TD SYNNEX cites operational execution and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.
  • Management issued or reiterated forward revenue and margin targets.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

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 2025

Historical avgQ4 2025

+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

Earnings price reactions
QuarterReport dateReaction (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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