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Aug 31
TD Synnex Q3 2025 Earnings Report
TD Synnex reported record fiscal 2025 third quarter results, with revenue and non-GAAP diluted EPS exceeding outlook.
Key Takeaways
TD SYNNEX delivered a strong third quarter in fiscal 2025, achieving record non-GAAP gross billings and diluted earnings per share. Revenue increased by 6.6% year-over-year to $15.7 billion, surpassing the company's outlook. Non-GAAP diluted EPS reached $3.58, also above expectations. The company generated $246 million in cash from operations and returned $210 million to stockholders through share repurchases and dividends.
Record non-GAAP gross billings of $22.7 billion, an increase of 12.1% year over year, exceeding the high end of outlook.
Diluted EPS of $2.74 and non-GAAP diluted EPS of $3.58, both above the high end of outlook.
Revenue of $15.7 billion, an increase of 6.6% year over year, also above the high end of outlook.
Generated $246 million in cash from operations and $214 million in free cash flow, returning $210 million to stockholders.
TD Synnex
TD Synnex
TD Synnex Revenue by Geographic Location
Revenue by Geographic Location
Americas Revenue
CapyFin.comEurope Revenue
CapyFin.comAPJ Revenue
CapyFin.com Forward Guidance
For the fiscal 2025 fourth quarter, TD SYNNEX anticipates revenue between $16.5 billion and $17.3 billion, and non-GAAP gross billings between $23.0 billion and $24.0 billion. Diluted EPS is projected to be between $2.50 and $3.00, with non-GAAP diluted EPS expected to range from $3.45 to $3.95.
Positive Outlook
- Projected revenue of $16.5 - $17.3 billion for Q4 FY25, indicating continued growth.
- Expected non-GAAP gross billings of $23.0 - $24.0 billion for Q4 FY25, suggesting strong business activity.
- Non-GAAP diluted EPS guidance of $3.45 - $3.95 for Q4 FY25, reflecting healthy profitability.
- Net income forecast of $204 - $245 million for Q4 FY25.
- Estimated outstanding diluted weighted average shares of 80.7 million for Q4 FY25.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The range for diluted EPS ($2.50 - $3.00) and non-GAAP diluted EPS ($3.45 - $3.95) indicates potential variability in future earnings.
- The forecast is based on current expectations and actual results may differ materially due to various risks and uncertainties.
- The company's performance is subject to general economic and political conditions, and weakness in IT spending.
- Risks related to buying patterns of customers and concentration of sales to large customers could impact future results.
Revenue & Expenses
Visualization of income flow from segment revenue to net income