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SNXTD Synnex Corp
$283.25$22.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
SNX logo

TD Synnex Corp

SNX
NYSE · Tech Distributors
$283.25
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$22.66B
P/E28.5x
52W High$296.47
Volume957.29K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Revenue Acceleration Masks Persistent Structural Margin Constraints

TD Synnex has successfully leveraged enterprise hardware refresh cycles to drive a 31.0% year-over-year revenue growth in 2026Q2, though the company remains tethered to a thin 1.32% net margin profile that limits pricing power. While aggressive deleveraging ha...

GrowthAccelerating
ProfitabilityModerate
ValuationReview
TechnicalsStrong
Explore valuation models
MARKET ACTION

SNX price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

In Line

P/E is in line with peer median

03

Market leadership

RS 89 · Leader

High momentum (Outperforming 89% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Sep 25
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth accelerated to 31.0% in 2026Q2, yet the company remains constrained by a structurally low 6.8% gross margin profile.

Analyst Consensus+15.8% target
Buy(24 analysts)
19 Buy4 Hold1 Sell

The Bull Case

Upside Catalysts

AI Solutions Expansion

TD SYNNEX is expanding its HPE Unleash AI Solutions, accelerating partner delivery of enterprise AI solutions, which could drive growth.

Partner Recognition

The company has been recognized with multiple 2026 HPE Partner of the Year Awards across North America and Europe, signaling strong industry standing.

Bullish Investor Sentiment

Multiple bullish theses from sources like Waterboy Investing and Valueinvestorsclub.com highlight investor confidence in SNX's potential.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
SNX+85.55%
S&P 500 (^GSPC)+13.20%
1-Year Return
SNX+88.20%
S&P 500 (^GSPC)+15.98%
3-Year Return
SNX+182.61%
S&P 500 (^GSPC)+81.04%
5-Year Return
SNX+161.34%
S&P 500 (^GSPC)+78.50%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
28.5x
Forward P/EExpansion
14.9x
EV/EBITDA100th %ile
13.5x
FCF YieldCash Flow
6.1%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
28.5x
15.1x
100th· High
EV/EBITDA
13.5x
8.0x
100th· High
Price/FCF
16.3x
9.0x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$62.51B+6.9% YoY
Net income
$828M+20.1% YoY
Free cash flow
$1.39B+33.3% YoY
Operating margin
2.3%+0.2 pts YoY
ROIC (TTM)9.9%
Avg ROIC 5Y-
ROE (TTM)10%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jun 25, 2026
$4.85+17.1%
vs $4.14
$19.6B+16.5%
vs $16.8B
Q2 2026
Mar 31, 2026
$4.73+43.8%
vs $3.29
$17.2B+10.1%
vs $15.6B
Q1 2026
Jan 8, 2026
$3.83+4.1%
vs $3.68
$17.4B+2.5%
vs $17.0B
Q4 2025
Sep 25, 2025
$3.58+17.4%
vs $3.05
$15.7B+3.6%
vs $15.1B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
PRNewsWire·Sep 15, 2026
Hammerhead AI and TD SYNNEX Announce Strategic Collaboration to Bring AI-Ready Power Capacity to Market

Distribution partnership pairs Hammerhead's ORCA power-orchestration platform with TDSYNNEX's reseller network as part of its Destination AI ™ program to accelerate time to first token for greenfield and brownfield AI data centers REDWOOD CITY, Calif., Sept. 15, 2026 /PRNewswire/ -- Hammerhead AI and TD SYNNEX today announced a strategic collaboration naming TD SYNNEX as a distributor for Hammerhead's Orchestrated RL Control Agents (ORCA) software, the platform that converts stranded power in data centers into AI-ready capacity.

Defense World·Sep 12, 2026
Amundi Sells 8,202 Shares of TD SYNNEX Corporation $SNX

Amundi lowered its holdings in TD SYNNEX Corporation (NYSE: SNX) by 11.8% during the undefined quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,599 shares of the business services provider's stock after selling 8,202 shares during the period. Amundi owned approximately

Defense World·Sep 8, 2026
Nykredit A S Takes Position in TD SYNNEX Corporation $SNX

Nykredit A S acquired a new stake in TD SYNNEX Corporation (NYSE: SNX) during the undefined quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,516 shares of the business services provider's stock, valued at approximately $673,000. A number of other hedge funds and

Business Wire·Sep 3, 2026
TD SYNNEX to Announce Third Quarter Fiscal 2026 Results on September 24, 2026

CLEARWATER, Fla. & FREMONT, Calif.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced it will report its financial results for its third fiscal quarter 2026, ended August 31, 2026, before market open on Thursday, September 24, 2026, followed by an earnings conference call and webcast at 9:00 a.m. ET. Links to the live webcast of the conference call as well as the earnings materials will be available in the “Quarterly Results” section of the Company's website at https://ir.tdsynnex.com/ir-h.

Filtered for TD Synnex CorpMore Headlines
04

Compare before deciding

Benchmark SNX against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for TD Synnex Corp (SNX)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
SNX logoSNXTD Synnex CorpCurrent
$283.25$22.66B28.476.94%1.32%10.04%0.63%
AVT logoAVTAvnet, Inc.
$98.25$8.06B24.5024.47%1.21%6.77%—
ARW logoARWArrow Electronics, Inc.
$221.83$11.34B20.3010.49%2.26%12.01%—
INGM logoINGMIngram Micro Holding Corporation
$27.24$6.31B19.609.53%0.77%10.23%—
CDW logoCDWCDW Corporation
$147.43$18.83B18.256.79%4.6%42.6%—
SCSC logoSCSCScanSource, Inc.
$57.75$1.17B19.25-6.72%2.44%8.66%—

Compare SNX vs Peers

TD Synnex Corp (SNX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AVT

Most directly comparable listed peer for SNX.

Scale Benchmark

vs AAPL

Larger-name benchmark to compare SNX against a more recognizable public peer.

Peer Set

Compare Top 5

vs AVT, ARW, INGM, CDW

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

SNX SEC Filings & Documents

TD Synnex Corp (SNX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 2, 2026·SEC

Material company update

Jun 29, 2026·SEC

Material company update

Jun 25, 2026·SEC

10-K Annual Reports

2
FY 2026

Jan 27, 2026·SEC

FY 2025

Jan 24, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 2, 2026·SEC

FY 2026

Apr 2, 2026·SEC

FY 2025

Oct 1, 2025·SEC

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SNX Frequently Asked Questions

TD Synnex Corp (SNX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is TD Synnex Corp's revenue?

TD Synnex Corp (SNX) reported $69.77B in revenue for fiscal year 2025. This represents a 1752% increase from $3.77B in 2002.

How fast is TD Synnex Corp growing?

TD Synnex Corp (SNX) grew revenue by 6.9% over the past year. This is steady growth.

Is SNX profitable?

Yes, TD Synnex Corp (SNX) is profitable, generating $1.14B in net income for fiscal year 2025 (1.3% net margin).

Dividend & Returns
Does SNX pay dividends?

Yes, TD Synnex Corp (SNX) pays a dividend with a yield of 0.63%. This makes it attractive for income-focused investors.

What is SNX's return on equity?

TD Synnex Corp (SNX) has a return on equity (ROE) of 10.0%. This is reasonable for most industries.

What is TD Synnex Corp's free cash flow?

TD Synnex Corp (SNX) generated $374.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in SNX back in 2002?

Total return calculator · dividends reinvested · 24+ years of data

See returns →