TD Synnex Q4 revenue beats expectations, driven by Advanced Solutions and Endpoint Solutions

Overview

• IT distributor's fiscal Q4 revenue rose 9.7%, beating analyst expectations

• Adjusted EPS for fiscal Q4 beat analyst expectations

• Company returned $209 mln to stockholders via share repurchases and dividends

Outlook

• TD Synnex projects Q1 2026 revenue between $15.1 bln and $15.9 bln

• Company expects Q1 2026 non-GAAP gross billings between $22.7 bln and $23.7 bln

• TD Synnex forecasts Q1 2026 diluted EPS between $2.05 and $2.55

Result Drivers

• ADVANCED AND ENDPOINT SOLUTIONS - Revenue growth driven by Advanced Solutions and Endpoint Solutions portfolios

• PRODUCT MIX IMPACT - Greater percentage of sales presented on a net basis due to product mix, impacting revenue by approximately 5%

• DIVERSIFIED BUSINESS MODEL - CEO highlighted the value of a diversified business model and strategic execution in achieving record results

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the computer hardware peer group is "buy"

• Wall Street's median 12-month price target for TD Synnex Corp is $177.00, about 17.2% above its January 7 closing price of $151.00

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw6tCzDpa

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