TD SYNNEX (NYSE:SNX) Issues Q3 2026 Earnings Guidance

TD SYNNEX (NYSE:SNX) issued an update on its third quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 4.250-4.750 for the period, compared to the consensus EPS estimate of 3.950. The company issued revenue guidance of $18.2 billion-$19.0 billion, compared to the consensus revenue estimate of $16.8 billion.

Analyst Upgrades and Downgrades

SNX has been the subject of several analyst reports. Weiss Ratings cut shares of TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. Zacks Research cut TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Barrington Research reiterated an “outperform” rating on shares of TD SYNNEX in a research report on Tuesday, June 16th. UBS Group increased their price objective on TD SYNNEX from $265.00 to $310.00 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Finally, Barclays lifted their target price on TD SYNNEX from $166.00 to $237.00 and gave the company an “equal weight” rating in a research report on Friday, May 29th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, TD SYNNEX presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.80.

TD SYNNEX Trading Down 2.0%

NYSE SNX opened at $277.45 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.71 and a current ratio of 1.22. The firm has a market cap of $22.30 billion, a price-to-earnings ratio of 23.06, a PEG ratio of 1.17 and a beta of 1.43. The firm has a 50 day simple moving average of $248.56 and a 200-day simple moving average of $191.65. TD SYNNEX has a one year low of $133.71 and a one year high of $296.47.

TD SYNNEX (NYSE:SNX) last released its earnings results on Thursday, June 25th. The business services provider reported $4.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.14 by $0.71. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The company had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. During the same period in the prior year, the business earned $2.99 EPS. The firm’s quarterly revenue was up 31.0% on a year-over-year basis. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS. Equities research analysts anticipate that TD SYNNEX will post 15.88 EPS for the current fiscal year.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 17th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s dividend payout ratio (DPR) is presently 15.96%.

Insider Activity at TD SYNNEX

In other news, Director Richard T. Hume sold 5,000 shares of TD SYNNEX stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $280.38, for a total value of $1,401,900.00. Following the completion of the transaction, the director owned 23,537 shares in the company, valued at approximately $6,599,304.06. This trade represents a 17.52% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Miriam Anne Murphy sold 3,025 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $200.14, for a total value of $605,423.50. Following the transaction, the insider directly owned 10,820 shares of the company’s stock, valued at approximately $2,165,514.80. This represents a 21.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 21,250 shares of company stock worth $4,935,282. Company insiders own 0.70% of the company’s stock.

Trending Headlines about TD SYNNEX

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: TD SYNNEX reported record fiscal Q2 2026 results, with revenue rising 31% year over year to about $19.6 billion and non-GAAP EPS of $4.85, handily beating estimates. The company also issued upbeat Q3 guidance above Wall Street expectations, reinforcing the case for continued growth. Article Title
• Positive Sentiment: Management highlighted broad demand strength across both distribution and Hyve Solutions, including rapid AI-related growth and strategic wins such as HPE’s global partnership, suggesting SNX is benefiting from the AI infrastructure buildout. Article Title
• Neutral Sentiment: TD SYNNEX announced a quarterly dividend of $0.48 per share, signaling ongoing shareholder returns, though the yield remains modest at roughly 0.7%.
• Negative Sentiment: Some investors are questioning whether the stock’s sharp year-to-date rally has stretched the valuation, which could limit near-term upside despite the strong operating results. Article Title
• Negative Sentiment: Recent insider transaction data shows more selling than buying over the past six months, which may add a cautious tone for investors even after the earnings beat.

Institutional Investors Weigh In On TD SYNNEX

Several institutional investors have recently modified their holdings of SNX. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in TD SYNNEX by 9.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 16,820 shares of the business services provider’s stock worth $1,749,000 after acquiring an additional 1,460 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of TD SYNNEX by 5.8% during the first quarter. Goldman Sachs Group Inc. now owns 179,210 shares of the business services provider’s stock worth $18,631,000 after purchasing an additional 9,815 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of TD SYNNEX by 6.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 204,172 shares of the business services provider’s stock valued at $21,226,000 after purchasing an additional 12,615 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of TD SYNNEX in the 2nd quarter valued at about $818,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of TD SYNNEX by 17.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 852 shares of the business services provider’s stock valued at $116,000 after purchasing an additional 126 shares during the period. 84.00% of the stock is owned by hedge funds and other institutional investors.

About TD SYNNEX

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.