TD SYNNEX Posts Record Q3, Raises Dividend

TD SYNNEX reported record Q3 results with revenue of $15.65 billion (up 6.6% year‑over‑year) and adjusted EPS of $3.58, both ahead of Street expectations. Net income rose to $226.8 million from $178.6 million a year earlier. Adjusted gross billings increased 12.1% to $22.73 billion, and the board approved a 10% increase to the quarterly cash dividend to $0.44 per share. Management guided Q4 to $3.45–$3.95 adjusted EPS (about a $3.70 midpoint) and $16.5–$17.3 billion in revenue (about a $16.9 billion midpoint), both above analyst estimates. Operating and free‑cash‑flow margins remain steady at about 2.5% and 1.4%, and trailing‑12‑month revenue is roughly $61 billion, underpinning the company’s scale in IT distribution. SNX shares slipped roughly 3.3% premarket despite being up about 28% year‑to‑date, and analysts noted the company has beaten consensus repeatedly in recent quarters.