TD Synnex Corp
TD Synnex Corp operates as a global technology distributor, generating revenue by sourcing and selling IT hardware, software, and services to resellers and end-users.
Business. TD Synnex Corp operates as a global technology distributor, generating revenue by sourcing and selling IT hardware, software, and services to resellers and end-users.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-09-28 · estimated
- Macro
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
- Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
- Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
- Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
TD Synnex Corp operates as a global technology distributor, generating revenue by sourcing and selling IT hardware, software, and services to resellers and end-users.
TD Synnex maintains a conservative capital structure with zero reported debt-to-equity, resulting in a debt-to-equity ratio of 0.0. The company holds $2.44 billion in cash and equivalents against total liabilities of $25.8 billion, providing a liquidity buffer supported by $1.53 billion in operating cash flow. With a market capitalization of $18.8 billion and an enterprise value-to-revenue multiple of 0.26, the firm trades at a discount to its asset base, reflected in a price-to-book ratio of 2.23. The absence of significant leverage mitigates near-term solvency risks, allowing the company to fund operations primarily through internal cash generation rather than external financing.
Profitability metrics indicate modest returns relative to the capital employed. The company reports a net income of $827.7 million on revenues of $62.5 billion, yielding a net margin of approximately 1.3%. Return on equity stands at 9.79%, while return on assets is 2.42%, suggesting efficient but low-margin operations typical of distribution businesses. The gross profit of $4.37 billion represents a gross margin of roughly 7.0%, highlighting the thin-margin nature of the IT distribution model where volume and working capital efficiency drive value creation rather than high per-unit margins.
- TD Synnex operates with zero debt, providing a robust balance sheet and low financial risk.
- The company generates strong free cash flow, with operating cash flow significantly exceeding capital expenditures.
- Analyst consensus is bullish, with a mean price target suggesting 16% upside from current levels.
- Low dilution risk is confirmed by identical basic and diluted share counts.
- Profitability is modest, with a net margin of 1.3%, typical for the IT distribution sector.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 17,11 |
| Revenue | —no estimate | —no estimate | 68,5B USD |
| Operating income | —no estimate | —no estimate | 2,1B USD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Derivative transactions
- Director, Chair, Hyve Solutions · Stock Option (Right to Buy) → Common StockDisposed 324 @ $106,35exercise · 2026-06-30
- Director, Chair, Hyve Solutions · Employee Stock Option (Right to Buy) → Common StockDisposed 9 676 @ $107,32exercise · 2026-06-30
- Director, Chair, Hyve Solutions · Employee Stock Option (Right to Buy) → Common StockDisposed 15 000 @ $107,32exercise · 2026-06-29
- Director · Employee Stock Option (Right to Buy) → Common StockDisposed 18 365 @ $107,32exercise · 2026-02-02
- Director · Employee Stock Option (Right to Buy) → Common StockDisposed 492 @ $107,32exercise · 2026-01-30
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Capex To Revenuecapital_expenditure / revenue
- Ev To Operating Incomeenterprise_value / operating_income
- Return On Assetsnet_income / total_assets
- Return On Equitynet_income / total_equity
- Market Capmarket_price * shares_outstanding_diluted
- Enterprise Valuemarket_cap - net_cash
- TD SYNNEX CORPORATION Market data — financials · 2026-06-25
- TD Synnex Corp Market data — analyst estimates · 2026-06-25
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,16 %$351M
- Investment Managers · as of 2026-03-310,09 %$452M
- Investment Managers · as of 2026-03-310,06 %$115M
- Investment Managers · as of 2026-03-310,05 %$69M
- Institutional Investor · as of 2026-03-310,05 %$938M
- Investment Managers · as of 2024-12-310,04 %$142M
- Investment Managers · as of 2026-03-310,04 %$109M
- Investment Managers · as of 2026-03-310,03 %$45M
- Investment Managers · as of 2026-03-310,03 %$149M
- Investment Managers · as of 2024-06-300,02 %$926M
- Investment Managers · as of 2026-03-310,02 %$290M
- Institutional Investor · as of 2026-03-310,02 %$97M
- Investment Managers · as of 2025-12-310,02 %$1 209M
- Investment Managers · as of 2026-03-310,02 %$106M
- Investment Managers · as of 2026-03-310,02 %$85M
- Brokerage Firms · as of 2026-03-310,01 %$47M
- Investment Managers · as of 2026-03-310,01 %$108M
- Investment Managers · as of 2026-03-310,01 %$398M
- Funds · as of 2026-03-310,01 %$81M
- Brokerage Firms · as of 2026-03-310,01 %$51M
- Investment Managers · as of 2026-03-310,01 %$107M
- Investment Managers · as of 2026-03-310,01 %$42M
- Investment Managers · as of 2026-03-310,01 %$0M
- Institutional Investor · as of 2026-03-310,01 %$23M
- Investment Managers · as of 2026-03-310,00 %$18M
- Investment Managers · as of 2026-03-310,00 %$7M
- Institutional Investor · as of 2026-03-310,00 %$6M
- Institutional Investor · as of 2026-03-310,00 %$5M
- Institutional Investor · as of 2022-09-300,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
Insider activity
- Chief Human Resources Officer · Common StockOther 628 @ $244,64$154K · 2026-07-02
- Chief Human Resources Officer · Common StockOther 82 @ $130,42$11K · 2026-06-30
- Chief Accounting Officer · Common StockOther 162 @ $130,42$21K · 2026-06-30
- Director, Chair, Hyve Solutions · Common StockSold 2 000 @ $269,03$538K · 2026-06-30
- Director, Chair, Hyve Solutions · Common StockSold 8 000 @ $268,34$2,1M · 2026-06-30
- Director, Chair, Hyve Solutions · Common StockOther 9 676 @ $107,32$1,0M · 2026-06-30
- Director, Chair, Hyve Solutions · Common StockOther 324 @ $106,35$34K · 2026-06-30
- Director, Chair, Hyve Solutions · Common StockSold 2 467 @ $266,37$657K · 2026-06-29
- Director, Chair, Hyve Solutions · Common StockSold 9 533 @ $265,33$2,5M · 2026-06-29
- Director, Chair, Hyve Solutions · Common StockSold 3 000 @ $264,75$794K · 2026-06-29
- Director, Chair, Hyve Solutions · Common StockOther 15 000 @ $107,32$1,6M · 2026-06-29
- Director, Chair, Hyve Solutions · Common StockSold 510 @ $283,80$145K · 2026-06-15
- Director, Chair, Hyve Solutions · Common StockSold 200 @ $285,07$57K · 2026-06-15
- Director, Chair, Hyve Solutions · Common StockSold 1 790 @ $284,40$509K · 2026-06-15
- Director · Common StockSold 2 230 @ $279,50$623K · 2026-06-02
- Director · Common StockSold 303 @ $282,38$86K · 2026-06-02
- Director · Common StockSold 21 @ $272,75$6K · 2026-06-02
- Director · Common StockSold 28 @ $276,50$8K · 2026-06-02
- Director · Common StockSold 60 @ $277,90$17K · 2026-06-02
- Director · Common StockSold 725 @ $278,56$202K · 2026-06-02
- Director · Common StockSold 477 @ $280,25$134K · 2026-06-02
- Director · Common StockSold 399 @ $281,35$112K · 2026-06-02
- Director · Common StockSold 478 @ $283,55$136K · 2026-06-02
- Director · Common StockSold 191 @ $284,66$54K · 2026-06-02
- Director · Common StockSold 88 @ $285,26$25K · 2026-06-02
Short positioning
Geographic breakdown
Intel & risk
Evidence & claims
From filings & derived data- Cash & equivalents (YoY) (2025-11-30 vs 2024-11-30): 129.9%Derived (calculated)
- Cost of revenue (YoY) (2025-11-30 vs 2024-11-30): 6.7%Derived (calculated)
- EPS (basic) (YoY) (2025-11-30 vs 2024-11-30): 25.0%Derived (calculated)
- EPS (diluted) (YoY) (2025-11-30 vs 2024-11-30): 25.2%Derived (calculated)
- Total assets (YoY) (2025-11-30 vs 2024-11-30): 13.1%Derived (calculated)
- Total liabilities (YoY) (2025-11-30 vs 2024-11-30): 16.0%Derived (calculated)
- Gross profit (YoY) (2025-11-30 vs 2024-11-30): 9.7%Derived (calculated)
- Net income (YoY) (2025-11-30 vs 2024-11-30): 20.1%Derived (calculated)
- Revenue (YoY) (2025-11-30 vs 2024-11-30): 6.9%Derived (calculated)
- Return on assets (FY 2025-11-30): 2.4%Derived (calculated)
- Debt-to-equity (FY 2025-11-30): 3.05xDerived (calculated)
- Gross margin (FY 2025-11-30): 7.0%Derived (calculated)
- Shareholders' equity (YoY) (2025-11-30 vs 2024-11-30): 5.2%Derived (calculated)
- Operating income (YoY) (2025-11-30 vs 2024-11-30): 18.5%Derived (calculated)
- Net margin (FY 2025-11-30): 1.3%Derived (calculated)
- Current ratio (FY 2025-11-30): 1.21xDerived (calculated)
- Return on equity (FY 2025-11-30): 9.8%Derived (calculated)
- Operating cash flow (YoY) (2025-11-30 vs 2024-11-30): 25.8%Derived (calculated)
- Shareholders' equity (annual): USD 8.45BSEC XBRL filing
- Operating cash flow (annual): USD 1.53BSEC XBRL filing
- Current liabilities (annual): USD 20.96BSEC XBRL filing
- Cash & equivalents (annual): USD 2.44BSEC XBRL filing
- Total liabilities (annual): USD 25.8BSEC XBRL filing
- Current assets (annual): USD 25.29BSEC XBRL filing