TD SYNNEX Shares Fall on Earnings Miss, Guidance

TD SYNNEX reported Q1 2025 earnings of $2.80 per share, missing analysts' expectations of $2.87-$2.91 per share, and revenue of $14.53 billion, below the anticipated $14.79 billion. Despite a 4% year-on-year increase in revenue, the company's Q2 guidance also fell short, with projected earnings per share between $2.45 and $2.95 and revenue between $13.9 billion and $14.7 billion, both below analyst estimates. Following the earnings report, TD SYNNEX shares dropped by nearly 10% in premarket trading. The company has experienced mixed performance in the last four quarters, surpassing consensus earnings estimates twice. CEO Patrick Zammit highlighted the company's growth ahead of the market, driven by its business model and strategy, though investors remained concerned about the earnings miss and soft guidance. TD SYNNEX's stock has risen about 11% over the last year, outperforming the broader market.