What is Zacks Research’s Forecast for TD SYNNEX Q2 Earnings?

TD SYNNEX Corporation (NYSE:SNX) – Zacks Research boosted their Q2 2026 EPS estimates for shares of TD SYNNEX in a report released on Tuesday, April 21st. Zacks Research analyst Team now expects that the business services provider will post earnings of $3.87 per share for the quarter, up from their prior forecast of $3.10. Zacks Research has a “Strong-Buy” rating on the stock. The consensus estimate for TD SYNNEX’s current full-year earnings is $15.69 per share. Zacks Research also issued estimates for TD SYNNEX’s Q3 2026 earnings at $3.26 EPS, Q4 2026 earnings at $3.42 EPS, FY2026 earnings at $15.05 EPS, Q1 2027 earnings at $4.29 EPS, Q2 2027 earnings at $4.30 EPS, Q3 2027 earnings at $4.34 EPS, Q4 2027 earnings at $4.35 EPS, FY2027 earnings at $17.28 EPS, Q1 2028 earnings at $4.80 EPS and FY2028 earnings at $20.29 EPS.

TD SYNNEX (NYSE:SNX) last posted its earnings results on Tuesday, March 31st. The business services provider reported $4.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.24 by $1.49. The firm had revenue of $17.16 billion during the quarter, compared to analyst estimates of $15.59 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. TD SYNNEX’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.80 EPS.

A number of other brokerages have also weighed in on SNX. Morgan Stanley upped their price target on shares of TD SYNNEX from $172.00 to $174.00 and gave the stock an “overweight” rating in a research note on Friday, March 20th. Barrington Research reaffirmed an “outperform” rating and issued a $182.00 price target on shares of TD SYNNEX in a research note on Friday, March 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of TD SYNNEX in a research note on Wednesday, January 21st. The Goldman Sachs Group upped their price target on shares of TD SYNNEX from $180.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Wall Street Zen raised shares of TD SYNNEX from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, TD SYNNEX currently has an average rating of “Moderate Buy” and an average price target of $186.50.

TD SYNNEX Trading Up 2.2%

TD SYNNEX stock opened at $227.72 on Friday. The company has a quick ratio of 0.71, a current ratio of 1.22 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $175.02 and a two-hundred day moving average price of $161.41. The firm has a market capitalization of $18.31 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.13 and a beta of 1.23. TD SYNNEX has a 52-week low of $108.19 and a 52-week high of $227.84.

Institutional Trading of TD SYNNEX

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNX. Thrivent Financial for Lutherans increased its stake in TD SYNNEX by 7.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 992,779 shares of the business services provider’s stock valued at $162,568,000 after buying an additional 71,249 shares during the period. Allspring Global Investments Holdings LLC increased its stake in TD SYNNEX by 16.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 331,743 shares of the business services provider’s stock valued at $54,535,000 after buying an additional 46,713 shares during the period. Concentric Capital Strategies LP acquired a new position in TD SYNNEX in the 3rd quarter valued at approximately $18,036,000. Asset Management One Co. Ltd. acquired a new position in TD SYNNEX in the 3rd quarter valued at approximately $1,701,000. Finally, Envestnet Asset Management Inc. increased its stake in TD SYNNEX by 11.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 82,977 shares of the business services provider’s stock valued at $13,587,000 after buying an additional 8,264 shares during the period. 84.00% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TD SYNNEX

In related news, insider Miriam Anne Murphy sold 3,025 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $200.14, for a total transaction of $605,423.50. Following the completion of the sale, the insider directly owned 10,820 shares of the company’s stock, valued at $2,165,514.80. This represents a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Richard T. Hume sold 23,365 shares of the stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $160.63, for a total transaction of $3,753,119.95. Following the sale, the director directly owned 42,515 shares of the company’s stock, valued at approximately $6,829,184.45. This represents a 35.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 82,165 shares of company stock valued at $13,559,368. Corporate insiders own 0.70% of the company’s stock.

TD SYNNEX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 29th. Investors of record on Wednesday, April 15th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, April 15th. This represents a $1.92 annualized dividend and a yield of 0.8%. TD SYNNEX’s dividend payout ratio is currently 15.96%.

Key TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

• Positive Sentiment: Zacks Research substantially raised TD SYNNEX’s earnings outlook across FY2026–FY2028 (FY2026 to $15.05, FY2027 to $17.28, FY2028 to $20.29) and raised many quarterly EPS targets, while maintaining a “Strong‑Buy” view — this lifts forward earnings expectations and supports valuation. MarketBeat SNX
• Positive Sentiment: TD SYNNEX won Google Cloud’s 2026 Distribution: Market Reach Partner of the Year award — strengthens its strategic positioning in cloud distribution and could accelerate cloud-related revenue and margin expansion. TD SYNNEX Wins 2026 Google Cloud Distribution Award
• Positive Sentiment: Zacks highlighted SNX as a “fast‑paced momentum” stock that still looks reasonably valued — this narrative can attract momentum and value‑oriented flows. Fast-paced Momentum Stock Article
• Neutral Sentiment: A Zacks comparison piece examines SNX vs. Dynatrace (DT) for value investors — useful context but not an immediate catalyst by itself. SNX or DT: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Offsetting some upgrades, Zacks trimmed a few near‑term quarter estimates (notably Q3 2026 and Q4 2026), which could temper short‑term expectations if results follow the reduced quarterly cadence. (Estimates cited in Zacks research notes.)

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.