SNX Beats Estimates

TD SYNNEX Corp. (NYSE: SNX ) reported fiscal second-quarter results Thursday that topped Wall Street expectations on both revenue and earnings, driven by strong growth in its Hyve AI infrastructure business. 80 billion. 1% and finished well above the high end of the company’s guidance.

21 a year earlier. 14. 8% to $390 million. 34 billion.

00% a year earlier. 3% to $519 million. 5% to $615 million. 7% in constant currency, also exceeding the company’s outlook.

Hyve AI Business Drives Growth TD SYNNEX said its distribution business includes IT hardware, software and systems, while Hyve provides traditional and accelerated compute, cloud and connected infrastructure solutions. 4 billion. Endpoint Solutions grew 13%, supported by higher average PC selling prices and mid-single-digit unit growth. Advanced Solutions rose 31% on strength in infrastructure and security.

5 billion. Manufacturing represented about two-thirds of the segment’s business. -based hyperscale cloud providers. S.

manufacturing capacity to support program launches expected in late fiscal 2026 or early fiscal 2027. Management said it has not seen demand weaken because of higher prices but continues to monitor PC demand elasticity. It also cited memory and CPU supply constraints as potential third-quarter risks and said Hyve’s rapid growth will continue to consume cash in the near term. Zammit said the company has “not seen any destruction of demand because of the price increases,” adding that businesses continue to invest in infrastructure and AI initiatives.

TD SYNNEX also said it has not seen material changes in vendor incentives, while demand across its product portfolio, including PCs, servers and networking, remained healthy heading into the fiscal third quarter. 26 billion. 44 billion at the end of fiscal 2025. 59 billion.

The company returned $151 million to shareholders through dividends and share repurchases. TD SYNNEX also raised its quarterly dividend 9% year over year to 48 cents per share. 83 billion. 03.

TD SYNNEX said geopolitical uncertainty, weaker IT spending, inflation, currency fluctuations, tariffs, supply constraints and changes in supplier programs remain key risks to its outlook. 23 at the time of publication on Thursday. 47, according to Pro data. Photo via Shutterstock