TD SYNNEX Corporation
SNX Technology Electronics & Computer Distribution
TD SYNNEX Corporation’s revenue for fiscal 2025 (year ended November 2025) was $62.5 billion, up 6.94% from fiscal 2024.
- Revenue
- +37.8%
- EPS
- +88.4%
- Free cash flow
- −556.1%
- Total debt
- +30.3%
Quarter to August 2026, against a year earlier
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TD SYNNEX Corporation 10-Q filed Oct 1, 2026
Red flags
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Inventory outpacing revenue
Inventory grew 67.3% while revenue grew 37.7% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Jul 2, 2026: 13 added · 7 removed · 39 modified; 14 with only figures updated; 1 moved without change
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Modified · split · Economic and Industry Trends
We are
highly dependent on the end-market demand for IT products, and on our partners’ strategic initiatives and business models. This end-market demand is influenced by many factors including the introduction of new IT products and software by OEM suppliers, replacement cycles for existing IT products, trends toward cloud computing and AI, overall economic growth and general business activity. A difficult and challenging economicexperiencing a complex macroeconomic environment, due to the continued persistence of inflation, elevated interest rates, market volatility and adverse effects on product demand connected to geopolitical developments including tariff uncertainty, orand other factors. This mayalsolead to a decline in the IT industry or increased price-based competition. OurHyve Solutionsbusinessis highly dependent on the demand for cloud infrastructure, and the number of key customers and suppliers in the market. Our businessincludes operations in the Americas, Europe and APJ, so we are affected by demand volatility for our products in those regions, as well as the impact of fluctuations in foreign currency exchange rates compared to the United States ("U.S.") dollar.