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Feb 28, 2025
TD Synnex Q1 2025 Earnings Report
TD Synnex reported an increase in revenue and earnings per share in the first quarter of fiscal 2025, driven by growth across all regions and technology segments.
Key Takeaways
TD SYNNEX delivered strong Q1 FY25 results with $14.53 billion in revenue and $2.80 in non-GAAP EPS. Despite challenges from a higher net revenue presentation, the company demonstrated solid performance with broad-based growth in gross billings and improved margins in the Americas.
Revenue rose 4.0% year-over-year to $14.53 billion.
Non-GAAP EPS was $2.80, within guidance.
Free cash flow was negative $789.52 million due to working capital impacts.
Gross billings grew 7.5% to $20.72 billion.
Revenue by Geographic Location
Forward Guidance
For Q2 FY25, TD SYNNEX expects revenue between $13.9B and $14.7B and non-GAAP EPS between $2.45 and $2.95, reflecting solid business momentum across its global footprint.
Positive Outlook
- Revenue guidance up to $14.7 billion.
- Non-GAAP gross billings could reach $20.7 billion.
- EPS guidance range tops out at $2.95.
- Continued growth in key global regions.
- Focus on cost optimization to support margin expansion.
Challenges Ahead
- Free cash flow in Q1 was negative $789.5 million.
- Adjusted ROIC declined from 10.0% to 9.7%.
- Gross margin fell to 6.87%, down 33 bps YoY.
- Non-GAAP net income down 10.8% YoY.
- Europe and APJ operating income declined year-over-year.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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