Q2 Earnings Forecast for TD SYNNEX Issued By Zacks Research

Key Points

• Zacks Research raised its Q2 2026 EPS estimate to $3.87 (from $3.10) and assigned TD SYNNEX a "Strong-Buy", forecasting continued EPS growth into FY2027 and FY2028.
• TD SYNNEX last reported a strong quarter, posting $4.73 EPS versus $3.24 expected and revenue of $17.16 billion (consensus $15.59B), with revenue up 18.1% year‑over‑year.
• The company declared a quarterly dividend of $0.48 per share (0.9% yield), while insiders have sold roughly 82,165 shares in the past 90 days (about $13.6M).

TD SYNNEX Corporation (NYSE:SNX - Free Report) - Stock analysts at Zacks Research raised their Q2 2026 earnings per share (EPS) estimates for TD SYNNEX in a research note issued to investors on Tuesday, April 21st. Zacks Research analyst Team now anticipates that the business services provider will post earnings of $3.87 per share for the quarter, up from their prior estimate of $3.10. Zacks Research currently has a "Strong-Buy" rating on the stock. The consensus estimate for TD SYNNEX's current full-year earnings is $15.77 per share. Zacks Research also issued estimates for TD SYNNEX's Q3 2026 earnings at $3.26 EPS, Q4 2026 earnings at $3.42 EPS, FY2026 earnings at $15.05 EPS, Q1 2027 earnings at $4.29 EPS, Q2 2027 earnings at $4.30 EPS, Q3 2027 earnings at $4.34 EPS, Q4 2027 earnings at $4.35 EPS, FY2027 earnings at $17.28 EPS, Q1 2028 earnings at $4.80 EPS and FY2028 earnings at $20.29 EPS.

A number of other equities research analysts also recently commented on the company. Barclays boosted their target price on TD SYNNEX from $163.00 to $166.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 1st. Weiss Ratings reiterated a "buy (b-)" rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. Royal Bank Of Canada boosted their target price on TD SYNNEX from $180.00 to $210.00 and gave the stock an "outperform" rating in a research report on Wednesday, April 1st. Wall Street Zen upgraded TD SYNNEX from a "hold" rating to a "buy" rating in a research report on Saturday, February 21st. Finally, The Goldman Sachs Group upped their price objective on TD SYNNEX from $180.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, TD SYNNEX has a consensus rating of "Moderate Buy" and an average target price of $186.50.

TD SYNNEX Price Performance

NYSE:SNX opened at $222.80 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $17.91 billion, a P/E ratio of 18.52, a P/E/G ratio of 1.12 and a beta of 1.23. TD SYNNEX has a 12 month low of $107.73 and a 12 month high of $225.17. The business's 50-day moving average is $173.70 and its 200 day moving average is $160.92.

TD SYNNEX (NYSE:SNX - Get Free Report) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.73 EPS for the quarter, topping analysts' consensus estimates of $3.24 by $1.49. The company had revenue of $17.16 billion for the quarter, compared to the consensus estimate of $15.59 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.The firm's revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.80 earnings per share.

Institutional Investors Weigh In On TD SYNNEX

Several hedge funds and other institutional investors have recently modified their holdings of SNX. Dorato Capital Management purchased a new stake in shares of TD SYNNEX in the fourth quarter worth approximately $27,000. Ossiam raised its holdings in shares of TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider's stock worth $27,000 after buying an additional 75 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of TD SYNNEX in the fourth quarter worth approximately $28,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of TD SYNNEX in the third quarter worth approximately $30,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of TD SYNNEX in the fourth quarter worth approximately $32,000. 84.00% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TD SYNNEX

In other TD SYNNEX news, insider Miriam Anne Murphy sold 3,025 shares of the company's stock in a transaction that occurred on Thursday, April 9th. The stock was sold at an average price of $200.14, for a total transaction of $605,423.50. Following the sale, the insider directly owned 10,820 shares in the company, valued at $2,165,514.80. This represents a 21.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David Gregory Jordan sold 3,225 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer owned 14,035 shares in the company, valued at approximately $2,659,071.10. This trade represents a 18.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 82,165 shares of company stock valued at $13,559,368. Corporate insiders own 0.70% of the company's stock.

TD SYNNEX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Shareholders of record on Wednesday, April 15th will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, April 15th. This represents a $1.92 dividend on an annualized basis and a yield of 0.9%. TD SYNNEX's dividend payout ratio is 15.96%.

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.

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