TD SYNNEX (NYSE:SNX) Q3 2025 Earnings Call September 25, 2025 09:00 AM ET Company ParticipantsDavid Paige - Equity Research AVPPatrick Zammit - CEOMarshall Witt - CFODavid Jordan - CFO and Head of Investor RelationsConference Call ParticipantsMike Ng - Equity Research AnalystNone - AnalystKeith Housum - Senior Research AnalystOperatorGood morning. My name is Tiffany, and I will be your conference operator today. I would like to welcome everyone to the TD SYNNEX Third Quarter Fiscal 2025 Earnings Call. Today ...

TD SYNNEX (NYSE:SNX) Q3 2025 Earnings Call September 25, 2025 09:00 AM ET Company ParticipantsDavid Paige - Equity Research AVPPatrick Zammit - CEOMarshall Witt - CFODavid Jordan - CFO and Head of Investor RelationsConference Call ParticipantsMichael Ng - Equity Research AnalystNone - AnalystKeith Housum - Senior Research AnalystOperatorGood morning. My name is Tiffany, and I will be your conference operator today. I would like to welcome everyone to the TD SYNNEX Third Quarter Fiscal 2025 Earnings Call. To ...

TD SYNNEX (NYSE:SNX) Q3 2025 Earnings Call September 25, 2025 09:00 AM ET Speaker1Good morning. My name is Tiffany, and I will be your conference operator today. I would like to welcome everyone to the TD SYNNEX Third Quarter Fiscal 2025 Earnings Call. Today's call is being recorded, and all lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. At this time, for opening remarks, I would like to pass the call over to David Jo ...

TD SYNNEX (NYSE: SNX) posted record third-quarter results on Thursday, beating revenue and earnings forecasts, but shares dipped despite strong growth and a 10% dividend increase. The company reported revenue of $15.65 billion, which not only surpassed the analysts’ expectations of $15.11 billion but also marked a 6.6% increase from the previous year’s figure of $14.69 billion. TD SYNNEX reported adjusted earnings of $3.58 per share for the quarter, comfortably exceeding the forecasted $3.05 per share. Th ...

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业绩总结 - 非GAAP毛账单达到227亿美元，同比增长12%[6] - 非GAAP稀释每股收益为3.58美元，同比增长25%[6] - 第三季度GAAP收入为157亿美元，同比增长7%[8] - 非GAAP运营收入为4.75亿美元，同比增长21%[8] - 公司在2025财年第三季度的收入为15,650,924千美元，同比增长6.6%[66] - 2025年第三季度的收入为156.51亿美元，较2024年的146.85亿美元增长了6.5%[69] - 非GAAP毛账单为227.31亿美元，较2024年的202.82亿美元增长了12.1%[69] - 毛利润为11.30亿美元，较2024年的9.61亿美元增长了17.6%[75] - 非GAAP净收入为296,244千美元，同比增长18.2%[87] - 自由现金流为213,920千美元，同比下降37.0%[92] 用户数据 - 美洲地区非GAAP毛账单为142亿美元，同比增长9%[10] - 欧洲地区非GAAP毛账单为69亿美元，同比增长14.9%[10] - 亚太地区非GAAP毛账单为17亿美元，同比增长29.7%[10] - 公司在美洲地区的收入为9,267,939千美元，同比增长2.0%[66] - 公司在欧洲地区的收入为5,174,835千美元，同比增长12.7%[66] - 公司在亚太地区的收入为1,208,150千美元，同比增长20.4%[66] 未来展望 - 第四季度预计非GAAP毛账单在230亿至240亿美元之间[11] - 公司计划到2045年实现净零温室气体排放[54] - 2025年8月31日的非GAAP净收入预期为281千美元至322千美元[99] 成本与费用 - 销售第三方供应商服务合同、软件即服务安排及某些履行合同相关的成本为70.80亿美元，较2024年的55.98亿美元增长了26.5%[69] - 调整后的销售、一般和行政费用为6.55亿美元，较2024年的5.68亿美元增长了15.4%[80] - 非GAAP收入成本为216.01亿美元，较2024年的203.01亿美元增长了3.9%[78] 财务指标 - 截至2025年8月，现金余额为8.74亿美元，总流动性为56.29亿美元[30] - 2025年8月31日的有效税率为22.66%[85] - 2025年8月31日的非GAAP有效税率为22.96%[85] - 2025年8月31日的调整后EBITDA为504,224千美元，较2025年5月31日的444,348千美元增长13.5%[108] - 2025年8月31日的总借款为4,238,842千美元，较2025年5月31日的4,105,705千美元增长3.2%[105] - 2025年8月31日的净债务为3,364,492千美元，较2025年5月31日的3,338,606千美元增长0.8%[105] 其他信息 - 公司在2025财年第三季度的毛利率为92%[45] - 公司在2025财年第三季度的应收账款天数(DSO)为39天[50] - 2025年第三季度的毛利率为7.22%，较2024年的6.54%有所提升[75] - 2025年8月31日的存货为9,137,505千美元，较2025年5月31日的8,655,741千美元增长5.5%[96] - 2025年8月31日的应付账款为15,651,286千美元，较2025年5月31日的14,542,575千美元增长7.6%[96]

TD SYNNEX (SNX) came out with quarterly earnings of $3.58 per share, beating the Zacks Consensus Estimate of $3.02 per share. This compares to earnings of $2.86 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +18.54%. A quarter ago, it was expected that this high-tech contractor would post earnings of $2.69 per share when it actually produced earnings of $2.99, delivering a surprise of +11.15%.Over the last four quarters, the ...

Exhibit 99.1 TD SYNNEX Reports Record Fiscal 2025 Third Quarter Results ($ in millions, except earnings per share) | | Q3 FY25 | | Q3 FY24 | Net Change from Q3 FY24 | | --- | --- | --- | --- | --- | | (1) Gross billings $ | 22,731.2 | $ | 20,282.5 | 12.1 % | | (1) Gross to net % | (31.1)% | | (27.6)% | (350) bps | | Revenue $ | 15,650.9 | $ | 14,684.7 | 6.6 % | | Gross profit $ | 1,129.9 | $ | 961.0 | 17.6 % | | Gross margin | 7.22 % | | 6.54 % | 68 bps | | (1) Operating income $ | 474.9 | $ | 392.9 | 20.9 ...

FREMONT, Calif. and CLEARWATER, Fla.--(BUSINESS WIRE)--TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal third quarter ended August 31, 2025. Consolidated Financial Highlights for the Fiscal 2025 Third Quarter: GAAP ($ in millions, except earnings per share)       Q3 FY25 Q3 FY24 Net Change from Q3 FY24 Revenue $ 15,650.9 $ 14,684.7 6.6 % Gross profit $ 1,129.9 $ 961.0 17.6 % Gross margin 7.22 % 6.54 % 68 bps  Operating income  . ...

公司业务与定位 - 公司是商业流程服务领域的重要参与者 提供广泛的产品和解决方案 包括分销PC系统、移动电话、IT系统和消费电子产品[1] - 公司还提供系统设计、物流、云服务和营销服务 客户包括经销商、系统集成商和零售商[1] - 多元化的业务组合使公司在技术分销行业中占据关键地位[1] 分析师目标价与市场情绪 - 过去一年共识目标价从148.22美元上升至173美元 显示分析师对股票表现的乐观情绪日益增强[2][6] - 过去一个季度目标价从155.6美元进一步上涨 过去一个月达到173美元[2] - 估值分析显示公允价值区间为170-175美元 尽管Stifel Nicolaus分析师设定了130美元较低目标价[4] 财务表现与经营状况 - 第二季度业绩超越指引 实现显著收入增长、利润率改善和强劲现金流生成[3][6] - 商业模式注重规模效应、营运资本高效管理和持续自由现金流 支撑高质量经济框架[3] - 公司拥有6%的追踪自由现金流收益率和稳定的股息增长[5] 近期表现与未来展望 - 自上份财报发布30天内股价已上涨5.8%[4] - 即将发布的第三季度财报预计将显示更高盈利水平[4][6] - 战略举措和市场扩张努力可能推动目标价上调[2]