Welcome to our dedicated page for TD SYNNEX CORPORATION news (Ticker: SNX), a resource for investors and traders seeking the latest updates and insights on TD SYNNEX CORPORATION stock.
TD SYNNEX Corporation (SNX) serves as your centralized source for official news and developments from the global IT distribution leader. This repository aggregates essential updates including financial results, strategic partnerships, technology ecosystem expansions, and operational milestones.
Investors and industry professionals gain direct access to primary source documents including earnings releases, executive announcements, and supply chain innovations. Our curated feed ensures timely updates on SNX's role in connecting 150,000+ technology solutions across hardware distribution, cloud services, and business process outsourcing.
The archive features categorized updates on:
- Quarterly financial performance and annual reports
- Strategic vendor partnerships and channel expansions
- Technology solution launches and service enhancements
- Corporate governance updates and leadership changes
Bookmark this page for streamlined tracking of SNX's market position as a Fortune 500 leader in IT infrastructure and solutions aggregation. Verify time-sensitive decisions against original press releases and official statements.
TD SYNNEX (NYSE:SNX) has unveiled a new specialized community structure called PartnerLINK for its North American partners, designed to enhance partner growth through customized benefits and support. The initiative introduces four distinct communities:
- PartnerLINK Ascend: For US partners focusing on digital transformation with AI-powered solutions
- PartnerLINK Advantage: For US partners dedicated to infrastructure modernization
- PartnerLINK Canada: For Canada-based partners across all sectors
- PartnerLINK Public Sector: An enhanced option for public sector sales
The new structure, building on CommunitySolv's legacy, offers specialized training, networking opportunities, early adoption access, exclusive incentives, and dedicated support teams. Led by Kristi Kirby, SVP of North American Communities, PartnerLINK focuses on four core principles: Lead, Innovate, Network, and Knowledge, featuring a new 24-7 online member hub.
TD SYNNEX (NYSE: SNX) hosted its 2025 Investor Day to outline strategic initiatives and financial targets. CEO Patrick Zammit highlighted the company's strengths in IT distribution, including its global footprint, technology capabilities, and vendor relationships.
Key Financial Forecasts for Fiscal 2025 include:
- Non-GAAP Diluted EPS target of $11.50-$12.00
- Free Cash Flow of $1.1B
Medium-Term Financial Aspirations include:
- Non-GAAP gross billings CAGR of ~5%
- Gross profit CAGR of 5%+
- Non-GAAP operating income CAGR of 6%+
- Non-GAAP diluted EPS CAGR of 10-12%+
- 95% Non-GAAP net income to FCF conversion
- 50-75% FCF returned to shareholders
TD SYNNEX (NYSE: SNX) has been awarded the 2025 Google Cloud Global Social Impact Partner of the Year Award for its achievements in driving meaningful community outcomes through the Google Cloud ecosystem. The company, which serves customers in over 100 countries, was recognized for its extensive global reach and commitment to social impact.
The award acknowledges TD SYNNEX's efforts in increasing technology access for underserved communities and fostering diverse talent pipelines. Through its corporate citizenship program, the company has demonstrated commitment to global sustainability and environmental issues, while also supporting partners in developing their own programs.
TD SYNNEX has launched initiatives supporting diverse business growth, enhanced supplier diversity, and strengthened community engagement. The company plans to continue building on this momentum by driving innovation across its corporate citizenship initiatives and leveraging global partnerships, including with Google Cloud, to create lasting change in the technology ecosystem.
TD SYNNEX (NYSE: SNX) reported strong fiscal 2025 first quarter results with revenue reaching $14.5 billion, up 4.0% year-over-year (6.0% in constant currency). Non-GAAP gross billings increased by 7.5% to $20.7 billion.
Key financial metrics include diluted EPS of $1.98 and non-GAAP diluted EPS of $2.80. The company returned $138 million to stockholders through $101 million in share repurchases and $37 million in dividends. The quarterly dividend was increased by 10% to $0.44 per share.
Regional performance showed Americas revenue up 6.2% to $8.4 billion, Europe revenue up 0.4% to $5.1 billion, and Asia-Pacific and Japan revenue growing 5.2% to $1.0 billion. However, gross margin decreased to 6.9% from 7.2% due to higher margins in the prior year in strategic technologies and product mix.
TD SYNNEX (NYSE:SNX) has been named NVIDIA Partner Network (NPN) 2025 Americas Distributor of the Year for the second consecutive year. The company serves as a key distribution partner for NVIDIA's complete portfolio, including the newly launched RTX PRO Blackwell Desktop GPUs.
As one of the world's leading distributors serving over 150,000 customers in 100+ countries, TD SYNNEX offers comprehensive data and AI solutions, including NVIDIA AI Enterprise, RTX PRO-powered AI Workstations, DGX Platforms, and NVIDIA Networking. Through its Destination AI initiative, the company has established reseller enablement programs and positioned itself as the primary AI solutions distributor in the channel.
The company collaborates with OEMs, cloud service providers, and software ISVs to deliver customized AI solutions. TD SYNNEX plans to expand its AI capabilities by integrating advanced NVIDIA technologies, including the new Blackwell architecture for workstations, which promises breakthroughs in AI, ray tracing, and neural rendering for professionals.
Hyve Solutions, a TD SYNNEX (NYSE: SNX) subsidiary, announced its participation at GTC 2025 (March 17-21) in San Jose, showcasing its comprehensive AI infrastructure portfolio. As an Elite OEM Partner in the NVIDIA Partner Network, Hyve will demonstrate solutions for datacenter, hybrid cloud, and edge environments.
The company highlighted four key capabilities:
- AI Design & Manufacturing with U.S.-based integrated production
- Scalable Architecture enabling seamless GPU communication
- Advanced Testing & Cooling with liquid-cooled pods launching Summer 2025
- Global Deployment Capabilities across major geographies
VP of Engineering Conor Malone will present on March 18 about building next-gen AI datacenters. The company will showcase products including the Hyve Orion™ featuring NVIDIA HGX platform, Build-to-Order Rack & Roll Networking, and Custom Network Switches at Booth 1032.
TD SYNNEX (NYSE: SNX) has scheduled its first quarter fiscal 2025 financial results announcement for Thursday, March 27, 2025, before the U.S. market opens. The company will host a conference call to discuss the results at 6:00 a.m. PT / 9:00 a.m. ET on the same day.
Investors and interested parties can access the quarterly earnings press release and live audio webcast through the company's investor relations website at ir.tdsynnex.com. A replay of the webcast will be made available after the call.
Siteimprove, the AI-powered SaaS platform for digital content experiences, has appointed Nayaki Nayyar as its new Chief Executive Officer and Board Member. Nayyar brings over 25 years of industry experience in transformation and innovation at enterprise software companies.
Previously serving as CEO at Securonix, Nayyar led the company to become a major unicorn in cybersecurity. Her career includes leadership roles at Ivanti, SAP, and BMC Software. She currently serves on the boards of TD Synnex and Corteva Agriscience.
Alongside this appointment, John Damgaard has been named Chairman of the Board. The company is preparing to launch new products in 2025, focusing on expanding its accessibility capabilities with content intelligence.
TD SYNNEX (NYSE:SNX) has been awarded both the Palo Alto Networks 2024 Global Distributor of the Year and North American Distributor of the Year awards for the third consecutive year. The recognition is based on performance metrics including bookings growth, new customer growth, partner-initiated business, deal volume growth, and technical innovation through joint partner offerings and integrations.
The company provides comprehensive technical and enablement support through its Cyber Range facility, an Authorized Training Center. TD SYNNEX's support team includes dedicated pre-sales engineers with CYBERFORCE Heroes status, offering 24-7 post-sales support and custom solution design services. According to TD SYNNEX's 3rd Annual Direction of Technology report, security remains one of the largest priorities for partners, with the company focusing on cybersecurity, cloud, and AI opportunities.
TD SYNNEX (NYSE: SNX) has announced plans to host its Investor Day on Thursday, April 10, 2025, in New York City. The half-day event will commence at 8:30 a.m. Eastern Time and will feature presentations from the company's management team.
The event will provide comprehensive updates on TD SYNNEX's strategy, market opportunities, and financial targets. For those unable to attend in person, a live video webcast will be available, with a replay accessible through the Events & Presentations section of the TD SYNNEX Investor Relations website at ir.tdsynnex.com.
