TD SYNNEX (NYSE:SNX) Updates Q2 2026 Earnings Guidance
by Amy Steele · The Cerbat GemTD SYNNEX (NYSE:SNX – Get Free Report) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.750-4.250 for the period, compared to the consensus earnings per share 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.
TD SYNNEX Stock Down 0.1%
Shares of SNX stock traded down $0.27 during trading on Thursday, reaching $199.95. The company’s stock had a trading volume of 870,285 shares, compared to its average volume of 812,455. The business has a fifty day moving average price of $163.58 and a 200-day moving average price of $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. The company has a market cap of $16.12 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 1.08 and a beta of 1.23. TD SYNNEX has a one year low of $98.75 and a one year 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 EPS for the quarter, topping analysts’ consensus estimates of $3.24 by $1.49. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The business had revenue of $17.16 billion for the quarter, compared to analyst estimates of $15.59 billion. During the same quarter in the previous year, the firm posted $2.80 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Analysts anticipate that TD SYNNEX will post 11.88 earnings per share for the current year.
TD SYNNEX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.0%. The ex-dividend date is Wednesday, April 15th. TD SYNNEX’s dividend payout ratio is presently 15.96%.
Analyst Ratings Changes
Several research firms recently issued reports on SNX. The Goldman Sachs Group upped their target price on TD SYNNEX from $180.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Royal Bank Of Canada upped their price target on shares of TD SYNNEX from $180.00 to $210.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 1st. UBS Group upped their price target on shares of TD SYNNEX from $187.00 to $193.00 and gave the stock a “buy” rating in a research report on Friday, January 9th. Barrington Research reaffirmed an “outperform” rating and set a $182.00 price target on shares of TD SYNNEX in a research report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research report on Wednesday, January 21st. One investment 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $183.00.
Read Our Latest Report on TD SYNNEX
Insiders Place Their Bets
In other news, CEO Patrick Zammit sold 13,900 shares of the stock in a transaction dated 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 transaction, the chief executive officer directly owned 170,928 shares of the company’s stock, valued at $29,326,116.96. This represents a 7.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Merline Saintil sold 167 shares of the stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $157.75, for a total transaction of $26,344.25. Following the completion of the transaction, the director directly owned 6,995 shares in the company, valued at $1,103,461.25. The trade was a 2.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 79,140 shares of company stock worth $12,953,944 over the last ninety days. 0.70% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On TD SYNNEX
Several large investors have recently modified their holdings of SNX. Ossiam increased its stake in shares of TD SYNNEX by 84.3% during the third quarter. Ossiam now owns 164 shares of the business services provider’s stock worth $27,000 after purchasing an additional 75 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of TD SYNNEX during the fourth quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of TD SYNNEX during the third quarter worth approximately $30,000. Brown Brothers Harriman & Co. increased its stake in shares of TD SYNNEX by 675.9% during the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock worth $37,000 after purchasing an additional 196 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of TD SYNNEX by 97.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 470 shares of the business services provider’s stock worth $72,000 after purchasing an additional 232 shares during the period. 84.00% of the stock is owned by 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.