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Aug 31, 2023
TD Synnex Q3 2023 Earnings Report
Revenue was at the midpoint of the previously provided outlook, non-GAAP net income was above the previously provided outlook, and diluted earnings per share were above the previously provided outlook.
Key Takeaways
TD Synnex reported fiscal 2023 third quarter results with revenue of $14.0 billion, diluted EPS of $1.49, and non-GAAP diluted EPS of $2.78. The company's results demonstrate momentum in high-growth technologies, with margin expansion in the Americas and strong EPS generation.
Revenue of $14.0 billion, at the midpoint of the previously provided outlook.
Non-GAAP gross billings of $18.6 billion, at the midpoint of the previously provided outlook.
Net income was $139 million, and non-GAAP net income was $260 million, above the previously provided outlook.
Diluted earnings per share of $1.49, and non-GAAP diluted EPS of $2.78, above the previously provided outlook.
Revenue by Geographic Location
Forward Guidance
TD SYNNEX provided the following outlook for the fiscal 2023 fourth quarter: Revenue is expected to be $14.0 - $15.0 billion and Non-GAAP diluted earnings per share is expected to be $2.40 - $2.90.
Positive Outlook
- Revenue $14.0 - $15.0 billion
- Non-GAAP gross billings $18.5 - $19.7 billion
- Net income $116 - $162 million
- Non-GAAP net income $223 - $269 million
- Diluted earnings per share $1.25 - $1.75
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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