Welcome to our dedicated page for TD SYNNEX news (Ticker: SNX), a resource for investors and traders seeking the latest updates and insights on TD SYNNEX stock.
TD SYNNEX Corporation reports developments tied to its role as a global distributor and solutions aggregator for the IT ecosystem. The company’s distribution business spans IT hardware, software and systems across the Americas, Europe, and Asia-Pacific and Japan, while Hyve Solutions designs, manufactures and delivers traditional and accelerated compute, cloud and connected infrastructure worldwide.
Recurring news includes vendor awards and channel partnerships with major technology providers, expansion of AI infrastructure, cloud commerce, cybersecurity, secure networking and managed-service offerings, and partner enablement programs. Company updates also cover quarterly operating results, dividends, segment reporting and the performance of its global distribution and Hyve Solutions businesses.
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
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.