TD SYNNEX Corporation ( (SNX) ) has released its Q3 earnings. Here is a breakdown of the information TD SYNNEX Corporation presented to its investors.
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TD SYNNEX Corporation is a leading global distributor and solutions aggregator for the IT ecosystem, providing a comprehensive range of IT products, services, and solutions across more than 100 countries. The company is known for its edge-to-cloud portfolio, which includes high-growth technology segments such as cloud, cybersecurity, big data/analytics, AI, IoT, and mobility.
In its fiscal 2025 third quarter, TD SYNNEX reported record results with revenue reaching $15.7 billion, marking a 6.6% increase year over year. The company’s non-GAAP gross billings also saw a significant rise to $22.7 billion, up 12.1% from the previous year. These figures surpassed the high end of the company’s outlook, showcasing strong performance and strategic execution.
Key financial highlights include a gross profit increase of 17.6% to $1.1 billion and a gross margin improvement to 7.22%. Operating income rose by 26.7% to $384 million, while diluted earnings per share reached $2.74, a 31.7% increase. The company also returned $210 million to stockholders through share repurchases and dividends, reflecting a commitment to shareholder value.
Regionally, the Americas saw a 2.0% revenue increase, Europe experienced a 12.7% rise, and the Asia-Pacific and Japan region reported a 20.4% growth. The company’s strategic focus on high-growth technology segments and its differentiated go-to-market strategy have been pivotal in driving these results.
Looking ahead, TD SYNNEX remains optimistic about its growth prospects, with a revenue outlook for the fourth quarter of fiscal 2025 ranging from $16.5 billion to $17.3 billion. The company continues to focus on executing its strategy and leveraging its global portfolio to drive long-term value for its stakeholders.