Examine the evolution of TD SYNNEX's (SNX) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.
Does TD SYNNEX (SNX) have what it takes to be a top stock pick for momentum investors? Let's find out.
TD Synnex remains a buy, with Q3 results reinforcing confidence in Hyve's growth and the company's strategic shift to higher-value segments. Hyve's rapid acceleration and customer diversification reduce concentration risk, positioning SNX to capture more of the data center build-out cycle. Core distribution is pivoting to recurring, higher-margin software and security, while global PC and AI demand provide additional growth tailwinds.
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TD SYNNEX (SNX) reported earnings 30 days ago. What's next for the stock?
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I upgrade SNX to buy as 2Q25 results show broad-based growth, strong execution, and improved demand visibility. Hyve's turnaround and new transparency resolve a key overhang, with resumed demand from major customers and clear growth contribution. Aggressive capital returns—via buybacks and dividends—support the stock and help bridge to SNX's double-digit EPS growth target.
TD SYNNEX Corporation (NYSE:SNX ) Q2 2025 Earnings Conference Call June 24, 2025 9:00 AM ET Company Participants David Jordan - Head of Investor Relations Marshall W. Witt - Chief Financial Officer Patrick Zammit - CEO, President & Director Conference Call Participants Adam Tyler Tindle - Raymond James & Associates, Inc., Research Division David Paige Papadogonas - RBC Capital Markets, Research Division David Vogt - UBS Investment Bank, Research Division Erik William Richard Woodring - Morgan Stanley, Research Division Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division Ruplu Bhattacharya - BofA Securities, Research Division Vincent Alexander Colicchio - Barrington Research Associates, Inc., Research Division Operator Good morning.