Upside case
Bull case
$500+75.8%
SNX would need investors to value it at roughly 29x earnings — about 13x more generous than today's 17x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated Jun 18, 2026
TD SYNNEX Corporation (SNX) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
24
analysts
19 bullish · 1 bearish · 24 covering SNX
Strong Buy
1
Buy
18
Hold
4
Sell
1
Strong Sell
0
Consensus Target
$243
-14.6% vs today
Scenario Range
$239 – $500
Model bear to bull value window
Coverage
24
Published analyst ratings
Valuation Context
16.7x
Forward P/E · Market cap $23.0B
SNX price targets
Three scenarios for where SNX stock could go
Current
~$285
Confidence
44 / 100
Updated
Jun 18, 2026
Where we are now
Current · $285
Bear
$239
Base
$380
Bull
$500
Market caseClosest to today
Base case
$380+33.4%
At 22x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$239-16.0%
If investor confidence fades or macro conditions deteriorate, a 3x multiple contraction could push SNX down roughly 16% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
TD SYNNEX Corporation
SNX · NYSETechnologyTechnology DistributorsNovember year-end
TD SYNNEX is a global technology distributor and solutions aggregator that connects technology vendors with resellers and system integrators. It generates revenue primarily through product distribution — selling hardware, software, and cloud services — supplemented by logistics, financing, and marketing services that create additional value streams. The company's scale and extensive partner ecosystem — with thousands of vendor relationships and tens of thousands of reseller customers — create significant network effects and operational efficiencies that serve as its competitive moat.
Market Cap
$23.0B
Revenue TTM
$62.5B
Net Income TTM
$828M
Net Margin
1.3%
SNX Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
75%Exceptional
12 quarters tracked
Revenue Beat Rate
50%Exceptional
vs consensus estimates
Avg EPS Surprise
+8.6%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q2 2025
Q3 2025
Q1 2026
Q1 2026
Last 4 Quarters
EPS beats: 4 of 4Q2 2025
EPS
$2.99/$2.71
Revenue
$14.9B/$14.3B
Q3 2025
EPS
$3.58/$3.05
Revenue
$15.7B/$15.1B
Q1 2026
EPS
$3.83/$3.68
Revenue
$17.4B/$17.0B
Q1 2026
EPS
$4.73/$3.29
Revenue
$17.2B/$15.6B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q2 2025 | $2.99/$2.71 | +10.3% | $14.9B/$14.3B | +4.4% |
| Q3 2025 | $3.58/$3.05 | +17.4% | $15.7B/$15.1B | +3.6% |
| Q1 2026 | $3.83/$3.68 | +4.1% | $17.4B/$17.0B | +2.5% |
| Q1 2026 | $4.73/$3.29 | +43.8% | $17.2B/$15.6B | +10.1% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$67.7B
+8.3% YoY
FY2
$71.6B
+5.8% YoY
EPS Outlook
FY1
$12.38
+21.1% YoY
FY2
$13.46
+8.7% YoY
Trailing FCF (TTM)$1.4B
FCF Margin: 2.2%
Next Earnings
June 23, 2026
Expected EPS
$4.11
Expected Revenue
$16.7B
SNX beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
SNX Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $57.9B
Product Mix
Latest annual revenue by segment or product family
Segment breakdown not available for this company.
Geographic Mix
Latest annual revenue by reported region
Americas Segment
62.5%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Americas Segment is the largest reported region at 62.5%, with no year-over-year comparison yet.
SNX Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Premium mostly justified
Fair value est. $258 — implies -9.3% from today's price.
Premium to Fair Value
9.3%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
SNX
28.6x
vs
S&P 500
24.4x
+17% premium
vs Technology Trailing P/E
SNX
28.6x
vs
Technology
29.0x
In line with benchmark
vs SNX 5Y Avg P/E
Today
28.6x
vs
5Y Average
15.3x
+86% premium
Forward PE
16.7x
S&P 500
18.8x
-11%
Technology
22.3x
-25%
5Y Avg
—
—
Trailing PE
28.6x
S&P 500
24.4x
+17%
Technology
29.0x
-1%
5Y Avg
15.3x
+86%
PEG Ratio
—
S&P 500
1.66x
—
Technology
1.51x
—
5Y Avg
—
—
EV/EBITDA
13.7x
S&P 500
15.2x
-10%
Technology
16.6x
-18%
5Y Avg
8.4x
+63%
Price/FCF
16.5x
S&P 500
20.7x
-20%
Technology
19.2x
-14%
5Y Avg
8.7x
+90%
Price/Sales
0.4x
S&P 500
3.1x
-88%
Technology
2.4x
-85%
5Y Avg
0.2x
+105%
Dividend Yield
0.62%
S&P 500
1.91%
-67%
Technology
1.11%
-44%
5Y Avg
1.18%
-47%
| Metric | SNX | S&P 500 | Technology | 5Y Avg SNX |
|---|---|---|---|---|
| Forward PE | 16.7x | 18.8x-11% | 22.3x-25% | — |
| Trailing PE | 28.6x | 24.4x+17% | 29.0x | 15.3x+86% |
| PEG Ratio | — | 1.66x | 1.51x | — |
| EV/EBITDA | 13.7x | 15.2x | 16.6x-18% | 8.4x+63% |
| Price/FCF | 16.5x | 20.7x-20% | 19.2x-14% | 8.7x+90% |
| Price/Sales | 0.4x | 3.1x-88% | 2.4x-85% | 0.2x+105% |
| Dividend Yield | 0.62% | 1.91% | 1.11% | 1.18% |
SNX trades above S&P 500 benchmarks on 1 of 5 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolSNX Financial Health
Verdict
Adequate
SNX returns 3.4% of market cap to shareholders annually.
Cash Engine
Revenue, margins, and cash generation
Revenue (TTM)
Trailing-twelve-month sales base
$62.5B
Revenue Growth
TTM vs prior year
+6.9%
Gross Margin
Gross profit as a share of revenue
6.5%
Operating Margin
Operating income divided by revenue
2.4%
Net Margin
Net income divided by revenue
1.3%
EPS (TTM)
Diluted earnings per share, trailing twelve months
$10.23
Free Cash Flow (TTM)
Cash generation after capex
$1.4B
FCF Margin
FCF as share of revenue — the primary cash quality signal
2.2%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
9.9%
ROA
Return on assets, trailing twelve months
2.4%
Cash & Equivalents
Liquid assets on the balance sheet
$2.4B
Net Debt
Total debt minus cash
$2.2B
Debt Serviceability
Net debt as a multiple of annual free cash flow
1.6× FCF
~1.6 years to full repayment at current FCF run-rate
ROE
Return on equity, trailing twelve months
9.8%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
3.4%
Dividend
0.6%
Buyback
2.7%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$627M
Dividend / Share
Annualized trailing dividend per share
$1.78
Payout Ratio
Share of earnings distributed as dividends
17.7%
Shares Outstanding
Declining as buybacks retire shares
81M
All figures from the trailing twelve months. ROIC uses invested capital (equity + net debt).
Open full ratios pageSNX Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated June 18, 2026
High Risk
Valuation risk
The stock has seen a sharp repricing toward the top of its one-year range, increasing valuation risk.
Medium
Execution risk
While TD SYNNEX is executing well in favorable cycles, momentum shifts could impact future performance.
Lower
Market positioning
The company is strategically positioned in hybrid cloud, security, and AI solutions, mitigating some downside risks.
Medium
Revenue trajectory
Forward-looking models depend heavily on consensus estimates and independent projections, introducing uncertainty.
High Risk
Price target dispersion
Wide variance in scenario-based price targets (Bear $163 to Bull $619) reflects significant downside risk.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why SNX Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated June 18, 2026
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.
Financial Services Strength
TD Bank's robust suite of financial products, including banking services, credit cards, and loans, supports the broader TD SYNNEX ecosystem.
Digital Banking Efficiency
Features like bill payments, check deposits, and account tracking enhance customer experience and operational efficiency, potentially driving revenue growth.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
SNX Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$284.56
52W Range Position
96%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$123.28
+130.8% from the low
52-Week High
$291.01
-2.2% from the high
1 Month
+24.87%
3 Month
+85.91%
YTD
+85.5%
1 Year
+128.3%
3Y CAGR
+43.4%
5Y CAGR
+19.3%
10Y CAGR
+19.9%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
SNX vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
16.7x
vs 12.0x median
+39% above peer median
Revenue Growth
+8.3%
vs +5.1% median
+62% above peer median
Net Margin
1.3%
vs 2.2% median
-39% below peer median
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
SNX SNX TD SYNNEX Corporation | $23.0B | 16.7x | +8.3% | 1.3% | Buy | -14.6% |
AVT AVT Avnet, Inc. | $7.5B | 17.8x | +1.2% | 0.9% | Hold | -13.3% |
ARW ARW Arrow Electronics, Inc. | $11.9B | 11.7x | +6.5% | 2.2% | Hold | -7.6% |
ING INGM Ingram Micro Holding Corporation | $6.6B | 8.6x | +3.9% | 0.7% | Buy | +7.4% |
CDW CDW CDW Corporation | $16.4B | 12.0x | +6.6% | 4.7% | Buy | +13.1% |
SCS SCSC ScanSource, Inc. | $1.0B | 12.6x | +5.1% | 2.4% | Hold | -13.4% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
SNX Dividend and Capital Return
SNX returns capital mainly through $627M/year in buybacks (2.7% buyback yield), with a modest 0.62% dividend — combining for 3.4% total shareholder yield. The dividend has grown for 12 consecutive years.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
3.4%
Dividend + buyback return per year
Buyback Yield
2.7%
Dividend Yield
0.62%
Payout Ratio
17.7%
How SNX Splits Its Return
Div 0.62%
Buyback 2.7%
Dividend 0.62%Buybacks 2.7%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$1.78
Growth Streak
Consecutive years of dividend increases
12Y
3Y Div CAGR
13.6%
5Y Div CAGR
54.4%
Ex-Dividend Date
—
Payment Cadence
Quarterly
4 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$627M
Estimated Shares Retired
2M
Approx. Share Reduction
2.7%
Shares Outstanding
Current diluted share count from the screening snapshot
81M
At 2.7%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $0.96 | — | — | — |
| 2025 | $1.76 | +10.0% | 5.0% | 6.2% |
| 2024 | $1.60 | +14.3% | 6.2% | 7.6% |
| 2023 | $1.40 | +16.7% | 7.0% | 8.4% |
| 2022 | $1.20 | +50.0% | 1.4% | 2.6% |
FAQ
7 questionsSNX Investor Questions
Common questions answered from live analyst data and company financials.
01Is TD SYNNEX Corporation (SNX) stock a buy or sell in 2026?
TD SYNNEX Corporation (SNX) is rated Buy by Wall Street analysts as of 2026. Of 24 analysts covering the stock, 19 rate it Buy or Strong Buy, 4 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $243, implying -14.6% from the current price of $285. The bear case scenario is $239 and the bull case is $500.
02What is the SNX stock price target for 2026?
The Wall Street consensus price target for SNX is $243 based on 24 analyst estimates. The high-end target is $315 (+10.7% from today), and the low-end target is $163 (-42.7%). The base case model target is $380.
03Is TD SYNNEX Corporation (SNX) stock overvalued in 2026?
SNX trades at 16.7x times forward earnings. The stock trades at a notable premium to the broad market, which is typical for businesses with strong free cash flow and above-average growth expectations. Based on current multiples versus the peer group, the relative model signals premium mostly justified. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for TD SYNNEX Corporation (SNX) stock in 2026?
The primary risks for SNX in 2026 are: (1) Valuation risk — The stock has seen a sharp repricing toward the top of its one-year range, increasing valuation risk. (2) Price target dispersion — Wide variance in scenario-based price targets (Bear $163 to Bull $619) reflects significant downside risk. (3) Execution risk — While TD SYNNEX is executing well in favorable cycles, momentum shifts could impact future performance. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is TD SYNNEX Corporation's revenue and earnings forecast?
Analyst consensus estimates SNX will report consensus revenue of $67.7B (+8.3% year-over-year) and EPS of $12.38 (+21.1% year-over-year) for the upcoming fiscal year. The following year, analysts project $71.6B in revenue.
06When does TD SYNNEX Corporation (SNX) report its next earnings?
TD SYNNEX Corporation is expected to report its next earnings on approximately 2026-06-23. Consensus expects EPS of $4.11 and revenue of $16.7B. Over recent quarters, SNX has beaten EPS estimates 75% of the time.
07How much free cash flow does TD SYNNEX Corporation generate?
TD SYNNEX Corporation (SNX) generated $1.4B in free cash flow over the trailing twelve months — a free cash flow margin of 2.2%. SNX returns capital to shareholders through dividends (0.6% yield) and share repurchases ($627M TTM).