TD SYNNEX Q3 Revenue Jumps 38% to $21.6B, EPS Nearly Doubles
SNX has more than doubled off its 52-week low of $142.22 on elevated volume (3.3× avg).
Summary
TD SYNNEX delivered a blowout fiscal Q3: revenue of $21.56B, up 37.7% year-over-year, with diluted EPS of $5.18, up 89.1%. Non-GAAP diluted EPS came in at $5.68, well above the prior year's $3.58, easing past estimates on strong Distribution and Hyve performance. The company guided Q4 revenue to $21.8-22.6B and non-GAAP diluted EPS to $5.65-6.15, implying continued strong growth. This follows a robust Q2 report in July, confirming accelerating momentum. The stock is trading near its 52-week high, and these results validate the premium valuation.
At the time of this announcement, SNX was trading at $295.33 on NYSE in the Technology sector, with a market capitalization of approximately $23B. The 52-week trading range was $142.22 to $298.77. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: BusinessWire.