TD SYNNEX (NYSE:SNX) Releases Q2 2026 Earnings Guidance

Key Points

• Q2 2026 guidance: TD SYNNEX set EPS guidance of $3.75–$4.25 and revenue guidance of $16.1B–$16.9B, both above consensus estimates (EPS $3.37; revenue $15.8B).
• Last quarter the company reported $4.73 EPS and $17.16B revenue, beating estimates and showing revenue growth of 18.1% year‑over‑year.
• The board declared a quarterly dividend of $0.48 (annualized $1.92), implying a ~1.0% yield and a payout ratio of about 16%.

TD SYNNEX (NYSE:SNX - Get Free Report) updated its second quarter 2026 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 3.750-4.250 for the period, compared to the consensus estimate of 3.370. The company issued revenue guidance of $16.1 billion-$16.9 billion, compared to the consensus revenue estimate of $15.8 billion.

Analysts Set New Price Targets

A number of brokerages recently weighed in on SNX. Weiss Ratings reiterated a "buy (b-)" rating on shares of TD SYNNEX in a report on Wednesday, January 21st. Zacks Research upgraded TD SYNNEX from a "hold" rating to a "strong-buy" rating in a report on Monday. JPMorgan Chase & Co. boosted their price objective on TD SYNNEX from $175.00 to $185.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 1st. Barclays boosted their price objective on TD SYNNEX from $163.00 to $166.00 and gave the stock an "equal weight" rating in a research note on Wednesday, April 1st. Finally, UBS Group boosted their price objective on TD SYNNEX from $187.00 to $193.00 and gave the stock a "buy" rating in a research note on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, TD SYNNEX currently has an average rating of "Moderate Buy" and an average target price of $183.00.

TD SYNNEX Stock Down 0.2%

Shares of SNX traded down $0.45 during midday trading on Thursday, hitting $199.77. The company had a trading volume of 214,519 shares, compared to its average volume of 808,589. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 1.08 and a beta of 1.23. The company's 50 day moving average price is $163.58 and its 200 day moving average price is $156.98. The company has a quick ratio of 0.75, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. TD SYNNEX has a 52 week low of $98.75 and a 52 week high of $205.01.

TD SYNNEX (NYSE:SNX - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $4.73 earnings per share for the quarter, beating the consensus estimate of $3.24 by $1.49. The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $15.59 billion. TD SYNNEX had a return on equity of 14.03% and a net margin of 1.52%.TD SYNNEX's quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company earned $2.80 earnings per share. On average, equities research analysts predict that TD SYNNEX will post 11.88 EPS for the current year.

TD SYNNEX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Wednesday, April 15th. TD SYNNEX's payout ratio is currently 15.96%.

Insider Buying and Selling

In other TD SYNNEX news, CFO David Gregory Jordan sold 3,225 shares of TD SYNNEX stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $189.46, for a total value of $611,008.50. Following the completion of the transaction, the chief financial officer directly owned 14,035 shares in the company, valued at $2,659,071.10. The trade was a 18.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Patrick Zammit sold 13,900 shares of TD SYNNEX stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $171.57, for a total value of $2,384,823.00. Following the completion of the transaction, the chief executive officer owned 170,928 shares of the company's stock, valued at approximately $29,326,116.96. The trade was a 7.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 79,140 shares of company stock valued at $12,953,944. 0.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TD SYNNEX

Several hedge funds and other institutional investors have recently made changes to their positions in SNX. Alyeska Investment Group L.P. acquired a new position in shares of TD SYNNEX during the third quarter worth approximately $135,631,000. AQR Capital Management LLC lifted its position in TD SYNNEX by 141.8% in the fourth quarter. AQR Capital Management LLC now owns 934,772 shares of the business services provider's stock worth $140,431,000 after purchasing an additional 548,180 shares during the period. Marshall Wace LLP lifted its position in TD SYNNEX by 6,626.0% in the third quarter. Marshall Wace LLP now owns 402,754 shares of the business services provider's stock worth $65,951,000 after purchasing an additional 396,766 shares during the period. Wellington Management Group LLP lifted its position in TD SYNNEX by 365.9% in the third quarter. Wellington Management Group LLP now owns 373,101 shares of the business services provider's stock worth $61,095,000 after purchasing an additional 293,027 shares during the period. Finally, Millennium Management LLC lifted its position in TD SYNNEX by 255.6% in the fourth quarter. Millennium Management LLC now owns 283,884 shares of the business services provider's stock worth $42,648,000 after purchasing an additional 204,051 shares during the period. 84.00% of the stock is currently owned by institutional investors and hedge funds.

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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