TD Synnex Q3 2024 Earnings Report
Key Takeaways
TD Synnex reported a strong Q3 with revenue at $14.7 billion, at the upper end of their outlook. Non-GAAP gross billings were $20.3 billion, above the high end of their outlook. Net income was $179 million, and non-GAAP net income was $245 million, both above the midpoint of their outlook. Diluted EPS was $2.08, and non-GAAP diluted EPS was $2.86, also above the midpoint of their outlook.
Revenue reached $14.7 billion, hitting the upper end of the projected range.
Non-GAAP gross billings exceeded expectations at $20.3 billion.
Net income and non-GAAP net income surpassed the midpoint of the company's outlook.
Diluted EPS and non-GAAP diluted EPS exceeded the midpoint of the projected range.
TD Synnex
TD Synnex
TD Synnex Revenue by Geographic Location
Forward Guidance
TD SYNNEX's Q4 2024 outlook anticipates revenue between $14.9 and $15.7 billion and non-GAAP gross billings between $20.5 and $21.5 billion. Net income is projected to be $162 to $205 million, with non-GAAP net income expected to be $239 to $282 million. Diluted EPS is forecasted at $1.90 to $2.40, and non-GAAP diluted EPS is estimated to be $2.80 to $3.30.
Positive Outlook
- Revenue is expected to be between $14.9 and $15.7 billion.
- Non-GAAP gross billings are projected to be between $20.5 and $21.5 billion.
- Net income is forecasted to be between $162 and $205 million.
- Non-GAAP net income is expected to be between $239 and $282 million.
- Non-GAAP diluted EPS is estimated to be between $2.80 and $3.30.
Revenue & Expenses
Visualization of income flow from segment revenue to net income