TD SYNNEX CORPORATION Stock Price, News & Analysis

Oberon, a division of Chatsworth Products (CPI), has established a new distribution partnership with TD SYNNEX to expand the availability of its wireless access point enclosures and mounting solutions across North America. Through this collaboration, TD SYNNEX will distribute Oberon's complete portfolio of wireless mounting solutions, including ceiling mounts, wall enclosures, and outdoor enclosures, designed for various enterprise and commercial environments. The partnership aims to enhance procurement processes, improve supply chain efficiency, and provide better support to IT resellers, system integrators, and enterprise customers. The collaboration aligns with Oberon's mission to simplify wireless deployments through secure, code-compliant, and aesthetically pleasing mounting solutions for sectors including healthcare, education, hospitality, retail, and government.

TD SYNNEX (NYSE: SNX), a global IT distribution and solutions company, has scheduled its second quarter fiscal 2025 earnings release and conference call for June 24, 2025. The financial results will be announced before the U.S. market opens, followed by a conference call at 6:00 a.m. PT / 9:00 a.m. ET on the same day. Investors and interested parties can access the earnings press release and participate in the live audio webcast through the company's investor relations website. A replay of the webcast will be made available after the call for those unable to attend the live session.

TD SYNNEX announced the appointment of Kenneth Lamneck to its Board of Directors in April 2025, where he will serve as Chair of the Nominating and Corporate Governance Committee. Lamneck, a technology executive with 30 years of experience, previously served as President, CEO, and board member of Insight Enterprises. His extensive background includes executive roles at Tech Data Corporation as President of Americas, and leadership positions at Arrow/Richey Electronics. Currently, he serves on the boards of Benchmark Electronics and Fidelity National Information Services. Lamneck, a West Point graduate with an MBA from the University of Texas at El Paso, began his career as an IBM engineer after serving in the U.S. Army.

Cloudflare (NYSE: NET) and TD SYNNEX (NYSE: SNX) are expanding their partnership to provide managed security services in Latin America. The collaboration enables TD SYNNEX to offer Cloudflare's Zero Trust, SASE, Application Security, and Network Security solutions through Managed Security Services Partners (MSSPs). In Q1 2025, Cloudflare blocked 30 billion daily cyber threats in Latin America, a 27% increase from the previous quarter. The Cloudflare platform, available through a single interface, offers operational efficiency for MSSPs and spans 64 cities in Latin America and the Caribbean. Customers using Cloudflare's complete suite can save approximately 50% compared to multiple vendor solutions, with a Forrester study showing a 238% ROI over three years for representative customers.

TD SYNNEX (NYSE:SNX) has announced significant enhancements to its global Destination AI™ program, aimed at helping partners capitalize on AI opportunities. The program's evolution includes the introduction of the Destination AI™ Solution Grid, a visual tool that maps AI solutions based on technical complexity and sales sophistication. The framework categorizes partners as Aware, Ready, or Expert in AI, matching them with appropriate opportunities.

Key developments include the launch of a Partner Assessment Tool in North America for evaluating AI readiness, internal AI-focused training through Global Specialized Skills curriculum, and the introduction of Destination AI™ Champions to guide partners. These enhancements were showcased at the 2025 High-Growth Conference in Los Angeles, reflecting TD SYNNEX's commitment to streamlining partners' connection with their AI vendor ecosystem.

TD SYNNEX (SNX) has launched a new Partner Loyalty program in North America, offering rewards and support to partners engaging with their Advanced Solutions portfolio. The program, available at no additional cost to eligible partners, focuses on AI, modern infrastructure, security, cloud, and analytics solutions.

The tier-based model provides tailored solutions, market insights, and incentives including marketing support, travel credits, and learning opportunities. Key benefits include complimentary MDF StreamOne® account credit, employee training, certification opportunities, travel credit for events, and special financing options via TD SYNNEX Capital and Amplify.

The program features a digital platform that integrates with existing TD SYNNEX accounts, offering real-time incentive tracking and consolidated access to services. Partners can earn additional benefits by adopting new technology segments, attending events, and utilizing TD SYNNEX training services.

TD SYNNEX (NYSE: SNX) announced that 29 of its leaders have been named to CRN's 2025 Women of the Channel list. Three executives received special Power 100 Recognition: Reyna Thompson (President, North America), Kaye McMillan (SVP, Sales Development), and Kristi Kirby (SVP, North American Communities).

The recognition highlights TD SYNNEX's commitment to empowering women in leadership roles through initiatives like mentorship programs, listening circles, and the Elevate business resource group. The honorees, representing various executive positions across global operations, were selected for their innovative leadership and strategic contributions to the IT ecosystem.

The recognized leaders will be featured in CRN Magazine's June issue and on CRN.com starting May 12, 2025.

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