What is Zacks Research’s Forecast for TD SYNNEX Q3 Earnings?

TD SYNNEX Corporation (NYSE:SNX) – Investment analysts at Zacks Research lifted their Q3 2026 earnings estimates for TD SYNNEX in a research report issued to clients and investors on Thursday, July 16th. Zacks Research analyst Team now expects that the business services provider will post earnings per share of $4.40 for the quarter, up from their prior estimate of $3.26. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for TD SYNNEX’s current full-year earnings is $18.01 per share. Zacks Research also issued estimates for TD SYNNEX’s Q4 2026 earnings at $4.37 EPS, FY2026 earnings at $17.96 EPS, Q1 2027 earnings at $4.83 EPS, Q2 2027 earnings at $5.18 EPS, Q3 2027 earnings at $5.16 EPS, Q4 2027 earnings at $5.37 EPS, FY2027 earnings at $20.53 EPS, Q1 2028 earnings at $5.91 EPS, Q2 2028 earnings at $6.38 EPS and FY2028 earnings at $26.10 EPS.

TD SYNNEX (NYSE:SNX) last announced its earnings results on Thursday, June 25th. The business services provider reported $4.85 EPS for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71. The business had revenue of $19.57 billion during the quarter, compared to analysts’ expectations of $16.80 billion. TD SYNNEX had a net margin of 1.63% and a return on equity of 15.37%. The firm’s revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the company earned $2.99 earnings per share. TD SYNNEX has set its Q3 2026 guidance at 4.250-4.750 EPS.

SNX has been the topic of several other reports. UBS Group lifted their target price on TD SYNNEX from $310.00 to $352.00 and gave the company a “buy” rating in a research report on Friday, June 26th. Morgan Stanley raised their price objective on TD SYNNEX from $341.00 to $374.00 and gave the stock an “overweight” rating in a research note on Friday, June 26th. Barclays lifted their price objective on TD SYNNEX from $237.00 to $278.00 and gave the company an “equal weight” rating in a research report on Thursday, July 2nd. Weiss Ratings downgraded TD SYNNEX from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 17th. Finally, JPMorgan Chase & Co. raised shares of TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price for the company in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, TD SYNNEX currently has a consensus rating of “Buy” and a consensus price target of $294.67.

TD SYNNEX Trading Up 1.3%

NYSE:SNX opened at $252.51 on Wednesday. TD SYNNEX has a one year low of $139.23 and a one year high of $296.47. The business has a fifty day moving average price of $258.16 and a 200-day moving average price of $204.69. The firm has a market capitalization of $20.19 billion, a price-to-earnings ratio of 18.07, a price-to-earnings-growth ratio of 0.70 and a beta of 1.43. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.20 and a quick ratio of 0.64.

TD SYNNEX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 17th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s dividend payout ratio is presently 13.74%.

Insider Buying and Selling

In other TD SYNNEX news, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $242.97, for a total transaction of $1,214,850.00. Following the sale, the director directly owned 18,537 shares of the company’s stock, valued at $4,503,934.89. This trade represents a 21.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,000 shares of company stock worth $4,933,700 over the last quarter. 0.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SNX. Taylor & Morgan Wealth Management LLC bought a new position in TD SYNNEX in the 2nd quarter worth approximately $280,000. Revolve Wealth Partners LLC bought a new stake in shares of TD SYNNEX during the second quarter valued at approximately $1,127,000. Oliver Luxxe Assets LLC bought a new stake in shares of TD SYNNEX during the second quarter valued at approximately $5,728,000. Baron Wealth Management LLC purchased a new position in shares of TD SYNNEX in the second quarter worth $288,000. Finally, GAMMA Investing LLC lifted its holdings in shares of TD SYNNEX by 18.5% in the second quarter. GAMMA Investing LLC now owns 1,690 shares of the business services provider’s stock worth $452,000 after buying an additional 264 shares in the last quarter. 84.00% of the stock is owned by hedge funds and other institutional investors.

TD SYNNEX News Summary

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

• Positive Sentiment: Zacks Research increased its FY2026 EPS estimate to $17.96 from $15.05, signaling better near-term profitability expectations for TD SYNNEX.
• Positive Sentiment: The firm also lifted FY2027 EPS to $20.53 from $15.95 and FY2028 EPS to $26.10 from $17.40, reinforcing a more bullish long-term earnings outlook.
• Positive Sentiment: Quarterly estimates were raised for Q3 2026, Q4 2026, Q1 2027, Q2 2027, Q3 2027, Q4 2027, Q1 2028, and Q2 2028, which may help improve investor confidence in TD SYNNEX’s growth trajectory.
• Neutral Sentiment: Zacks Research maintained a Strong-Buy rating on TD SYNNEX, but the update is centered on forecast revisions rather than a new company announcement.
• Neutral Sentiment: Earlier coverage also noted TD SYNNEX being included in Forbes’ America’s Dream Employers 2026 list, which is positive for reputation but likely has a limited direct impact on earnings. TD SYNNEX Included in Forbes’ America’s Dream Employers 2026

TD SYNNEX Company Profile

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.