SYNNEX Corporation provides business process services in the United States and internationally. The company distributes peripherals; and information technology systems, including system components, software, networking, communications and security equipment, consumer electronics, and complementary products, as well as designs and integrates data center equipment. It also provides systems design and integration solutions, build-to-order, and configure-to-order assembly capabilities; logistics services that comprise outsourced fulfillment, virtual distribution, and direct ship to end-users; cloud services; online services; and financing services comprising net terms, third party leasing, floor plan financing, and letters of credit backed financing and arrangements. In addition, the company offers marketing services, such as direct mail, external media advertising, reseller product training, targeted telemarketing campaigns, trade shows, trade groups, database analysis, print on demand services, and web-based marketing. It serves resellers, system integrators, and retailers. The company was formerly known as SYNNEX Information Technologies, Inc. and changed its name to SYNNEX Corporation in October 2003. SYNNEX Corporation was founded in 1980 and is headquartered in Fremont, California.
IPO Year: 2003
Exchange: NYSE
Website: synnexcorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/11/2025 | $145.00 | Overweight | Morgan Stanley |
| 3/20/2025 | $138.00 → $156.00 | Outperform | Barrington Research |
| 7/15/2024 | $135.00 → $140.00 | Sector Perform → Outperform | RBC Capital Mkts |
| 4/16/2024 | $115.00 → $145.00 | Neutral → Buy | UBS |
| 1/8/2024 | $112.00 → $113.00 | Overweight → Neutral | JP Morgan |
| 11/22/2023 | $105.00 | Neutral | UBS |
| 5/1/2023 | $101.00 | Buy | Goldman |
| 2/15/2023 | $109.00 | Equal Weight | Barclays |
| 10/4/2022 | $95.00 | Sector Perform | RBC Capital Mkts |
| 8/17/2022 | $115.00 | Neutral | Credit Suisse |
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TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the launch of the PartnerFirst Digital Bridge AI Assistant, available now through its Microsoft Teams Plugin in North America. The assistant integrates real-time TD SYNNEX product intelligence, solution enablement, and vendor program data directly into highly used business applications, creating more seamless interactions between resellers and their end customers. According to TD SYNNEX's fourth annual Direction of Technology report, nearly half of North American partners identified AI integration with cloud-native technologies as the technology trend that will have the greate
Helios Technologies, Inc. (NYSE:HLIO) ("Helios" or the "Company"), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that Jeremy Evans has been named the Company's Executive Vice President and Chief Financial Officer effective immediately. Mr. Evans succeeds Michael Connaway who has been separated from the Company, previously joining Helios on October 13, 2025. Mr. Connaway's departure is not related to any disagreement with the Company on any matter relating to its accounting practices, financial statements, internal controls or operations. This press release features multimedia. View the full release here: http
TD SYNNEX also honored by Microsoft with multiple regional awards celebrating innovative business outcomes TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced it has won the Global Device 2025 Microsoft Partner of the Year Award. The company was honored among a global field of top Microsoft partners for demonstrating excellence in innovation and implementation of customer solutions based on Microsoft technology. The company also earned finalist designation for the Global Microsoft Distributor Partner of the Year award, along with the following regional recognitions: Americas Partner of the Year Channel LATAM Curaçao Cou
TD SYNNEX (NYSE:SNX) has been named Global Distributor of the Year and Americas Distributor of the Year for its accomplishments in its U.S. business at Cisco Partner Summit 2025. TD SYNNEX was also recognized as Distributor of the Year for the EMEA region through its efforts in Norway, and recognized as Distributor of the Year in both Germany and Norway. In the Americas, TD SYNNEX was recognized as Distributor of the Year for Brazil and Mexico, and honored as Social Impact Partner of the Year in Canada. Cisco's Partner Summit Global Awards recognize top-performing partners demonstrating innovation in delivering solutions that help customers succeed in new ways. Awarded to partners for sta
The new offering delivers end-to-end cloud financial management to empower partners TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the launch of a TD SYNNEX Global FinOps Practice powered by IBM Cloudability. The offering aims to help partners build their own practice, enabling customers to optimize cloud spend, improve forecasting accuracy, and drive stronger financial outcomes across multi-cloud environments. This new service marks the first time a global technology distributor has launched a comprehensive, end-to-end FinOps practice, uniting real-time analytics, cost governance, and financial accountability under one
TD SYNNEX Partners with Nebius to Bring the High-Performance AI Cloud to IT Ecosystem TD SYNNEX (NYSE:SNX) announces the launch of its AI Infrastructure-as-a-Service (AI IaaS) offering in North America, enabling TD SYNNEX partners to deliver advanced, secure, and cost-optimized AI solutions without the upfront burden of hardware investment. This is made possible through a new partnership with Nebius (NASDAQ:NBIS), an AI cloud service provider that delivers cost-efficient, full-stack AI cloud combining hyperscaler flexibility with supercomputer performance. With demand for artificial intelligence surging across industries, TD SYNNEX now equips partners with access to Nebius AI Cloud, bui
Partnership brings advanced cloud-native virtualization and container management solutions to India's partner ecosystem Tech Data Advanced Private Limited, a TD SYNNEX company, today announced an exclusive value-added distribution (VAD) partnership with Wind River, a global leader in delivering software for the intelligent edge. The partnership will expand access to Wind River's cloud-native solutions in India, helping partners address growing demand for modern virtualization, hyper-converged infrastructure (HCI), and container management technologies. With more than four decades of innovation, Wind River delivers a differentiated portfolio that includes flagship products such as VxWork
TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced that David Jordan, Senior Vice President, Americas CFO and Head of Investor Relations has been named Executive Vice President and CFO. He replaces Marshall Witt, who is leaving the company to assume a role outside the organization. "David's deep knowledge of our business, proven leadership of our Americas finance organization, and strong relationships with vendors, customers and investors make him exceptionally well-suited to take on the CFO role," said Patrick Zammit, Chief Executive Officer. "David's entrepreneurial mindset will continue to help us drive clarity, discipline
Share acquisition aimed at generating new business opportunities for TD SYNNEX with international resellers and vendors operating in Japan. Gateway Computer to leverage TD SYNNEX's global footprint for business expansion TD SYNNEX (NYSE:SNX) today announced that it has acquired the shares of Gateway Computer Corporation (hereinafter "Gateway Computer"), an IT solutions and services provider based in Japan. With over 40 years in operation, Gateway Computer has established strong capabilities and experience in serving non-Japanese customers, offering high value-added products and services from its multi-vendor linecard that encompasses both domestic and international manufacturers. G
First-of-its-kind apprenticeship program cultivates next-gen AI/ML talent to deliver real-world use cases that drive vendor and partner AI success TD SYNNEX (NYSE: SNX) today announced a strategic enhancement to its AI go-to-market approach, Destination: AI™, with AI Pioneers, a specialized apprenticeship program in North America designed to address the AI skills gap by fostering emerging AI/ML talent and connecting partners with real-world AI use cases that empower them to scale confidently. The first cohort kicked off earlier this year and included students specializing in AI/ML, computer science and data science. During the program, the AI Pioneers work closely with TD SYNNEX pre-sal
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Morgan Stanley initiated coverage of TD Synnex with a rating of Overweight and set a new price target of $145.00
Barrington Research reiterated coverage of TD Synnex with a rating of Outperform and set a new price target of $156.00 from $138.00 previously
RBC Capital Mkts upgraded TD Synnex from Sector Perform to Outperform and set a new price target of $140.00 from $135.00 previously
UBS upgraded TD Synnex from Neutral to Buy and set a new price target of $145.00 from $115.00 previously
JP Morgan downgraded TD Synnex from Overweight to Neutral and set a new price target of $113.00 from $112.00 previously
UBS initiated coverage of TD Synnex with a rating of Neutral and set a new price target of $105.00
Goldman initiated coverage of TD Synnex with a rating of Buy and set a new price target of $101.00
Barclays initiated coverage of TD Synnex with a rating of Equal Weight and set a new price target of $109.00
RBC Capital Mkts initiated coverage of TD Synnex with a rating of Sector Perform and set a new price target of $95.00
Credit Suisse initiated coverage of TD Synnex with a rating of Neutral and set a new price target of $115.00
Live finance-specific insights
Helios Technologies, Inc. (NYSE:HLIO) ("Helios" or the "Company"), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that Jeremy Evans has been named the Company's Executive Vice President and Chief Financial Officer effective immediately. Mr. Evans succeeds Michael Connaway who has been separated from the Company, previously joining Helios on October 13, 2025. Mr. Connaway's departure is not related to any disagreement with the Company on any matter relating to its accounting practices, financial statements, internal controls or operations. This press release features multimedia. View the full release here: http
Revenue of $15.7 billion, an increase of 6.6% year over year and above the high end of our outlook. On a constant currency(1) basis, revenue increased by 4.4% year over year. Non-GAAP gross billings(1) of $22.7 billion, an increase of 12.1% year over year and above the high end of our outlook. On a constant currency(1) basis, non-GAAP gross billings(1) increased by 10.1% year over year. Diluted earnings per share ("EPS") of $2.74 and non-GAAP diluted EPS(1) of $3.58, above the high end of our outlook. Cash provided by operations of $246 million and free cash flow(1) of $214 million. Returned $210 million to stockholders in the form of $174 million of share repurchases and $36 m
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the third quarter of fiscal 2025 before the U.S. market opens on Thursday, September 25, 2025. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at https://ir.tdsynnex.com/ir-home/default.aspx and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maxi
Apptium technology accelerates TD SYNNEX's multi-year development of the company's StreamOne platform, enhances its cloud commerce platform and simplifies complexity. The transaction strengthens TD SYNNEX's value proposition and brings important intellectual property with the addition of a strong company with expertise in the technology, communications, services and managed solutions industries. The addition of Apptium and its platform capabilities will allow TD SYNNEX partners to accelerate time to revenue, and modernize and manage their service offerings – including technology goods, as well as agentic AI, SaaS, IaaS and XaaS capabilities. TD SYNNEX (NYSE:SNX) today announced it
Revenue of $14.9 billion, an increase of 7.2% year over year and above the high end of our outlook. On a constant currency(1) basis, revenue increased by 6.3% year over year. Non-GAAP gross billings(1) of $21.6 billion, an increase of 12.1% year over year and above the high end of our outlook. On a constant currency(1) basis, non-GAAP gross billings(1) increased by 11.3% year over year. Diluted earnings per share ("EPS") of $2.21 and non-GAAP diluted EPS(1) of $2.99, above the high end of our outlook. Cash provided by operations of $573 million and free cash flow(1) of $543 million. Returned $186 million to stockholders in the form of $149 million of share repurchases and $37 m
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the second quarter of fiscal 2025 before the U.S. market opens on Tuesday, June 24, 2025. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at https://ir.tdsynnex.com/ir-home/default.aspx and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maximize
TD SYNNEX (NYSE:SNX) is hosting its 2025 Investor Day today to provide an update on its strategy, market opportunities, and medium-term financial aspirations. A live video webcast will be available at ir.tdsynnex.com beginning at 8:30 a.m. Eastern time. Patrick Zammit, CEO, and other members of the executive leadership team will outline the company's strategy to strengthen its market position and grow its presence in IT distribution through core and strategic technologies. "TD SYNNEX delivers unmatched capabilities and value to our vendors, customers, and shareholders. Our global footprint, broad technology capabilities, unique long-term relationships with vendors and partners, specialize
Revenue of $14.5 billion, an increase of 4.0% from the prior fiscal first quarter. On a constant currency(1) basis, revenue increased by 6.0% compared to the prior fiscal first quarter. Non-GAAP gross billings(1) of $20.7 billion, an increase of 7.5% from the prior fiscal first quarter and at the top end of our outlook. On a constant currency(1) basis, non-GAAP gross billings(1) increased by 9.5% compared to the prior fiscal first quarter. Diluted earnings per share ("EPS") of $1.98 and non-GAAP diluted EPS(1) of $2.80, within our outlook. Returned $138 million to stockholders in the form of $101 million of share repurchases and $37 million in dividends. Announced a quarterly cash
TD SYNNEX (NYSE:SNX) today announced it will report its financial results for the first quarter of fiscal 2025 before the U.S. market opens on Thursday, March 27, 2025. A conference call to review the results will be held at 6:00 a.m. PT / 9:00 a.m. ET the same day. The quarterly earnings press release and a live audio webcast of the earnings call will be accessible at https://ir.tdsynnex.com/ir-home/default.aspx and a replay of the webcast will be available following the call. About TD SYNNEX TD SYNNEX (NYSE:SNX) is a leading global distributor and solutions aggregator for the IT ecosystem. We are an innovative partner helping more than 150,000 customers in 100+ countries to maximize th
Fiscal fourth quarter revenue of $15.8 billion, above our outlook of $14.9 - $15.7 billion. Fiscal fourth quarter non-GAAP gross billings(1) of $21.2 billion, above the midpoint of our outlook of $20.5 - $21.5 billion. Fiscal fourth quarter net income of $195 million and non-GAAP net income(1) of $263 million. Fiscal fourth quarter diluted earnings per share ("EPS") of $2.29 and non-GAAP diluted EPS(1) of $3.09, above the midpoint of our outlook. Fiscal fourth quarter cash provided by operations of $562 million and free cash flow(1) of $513 million. Fiscal 2024 cash provided by operations of $1.2 billion and free cash flow(1) of $1.0 billion. Returned $750 million to stoc
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Live Leadership Updates
Michael Connaway to join as Chief Financial Officer in October 2025 Jeremy Evans promoted to Chief Accounting Officer effective September 1, 2025 Helios Technologies, Inc. (NYSE:HLIO) ("Helios" or the "Company"), a global leader in highly engineered motion control and electronic controls technology for diverse end markets, announced today that Michael Connaway will be joining the Company as Chief Financial Officer and Jeremy Evans, Helios' Corporate Controller, will be promoted to the expanded role of Chief Accounting Officer. Mr. Connaway will assume the role when he joins the Company in October with the specific date to be determined. Effective with the appointment of Mr. Connaway,
TD SYNNEX (NYSE:SNX) welcomed Kenneth Lamneck to its Board of Directors (the "Board") at its 2025 annual meeting of stockholders in April 2025. The Board subsequently appointed him to be Chair of its Nominating and Corporate Governance Committee. A proven technology executive and seasoned board leader, Lamneck brings three decades of experience in business strategy and operations to TD SYNNEX's Board. He most recently served as President, Chief Executive Officer and board member of Insight Enterprises, Inc., and currently serves on the boards of Benchmark Electronics, Inc. and Fidelity National Information Services, Inc., in addition to TD SYNNEX. "I'm honored to join TD SYNNEX's experi
Seasoned SaaS and Artificial Intelligence (AI) veteran joins Siteimprove to drive the next phase ofinnovation and growth BELLEVUE, Wash. and COPENHAGEN, Denmark, March 4, 2025 /PRNewswire/ -- Siteimprove, the leading AI-powered SaaS-platform for delivering digital content experiences that are compliant and accessible, today announced that Nayaki Nayyar has been appointed Chief Executive Officer (CEO) and Board Member. Nayyar is a seasoned executive with over 25 years of deep industry experience in driving transformation, innovation and growth at large enterprise software comp
TD SYNNEX (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the appointment of Kristie Grinnell as Executive Vice President and Chief Information Officer, effective January 20, 2025. She succeeds Bonnie Smith, who will be retiring from her role as TD SYNNEX CIO and will stay with the company until February 1 to ensure a smooth transition. "Kristie brings a wealth of experience and a proven track record of transformational leadership that will strengthen how we harness the power of data and digital to deliver personalized, targeted customer engagement and operational excellence," said Patrick Zammit, CEO, TD SYNNEX. "We thank Bonnie for
Raja Appointed Senior Vice President of Hyperscaler and Marketplace in North America TD SYNNEX (NYSE:SNX) announced today the appointment of industry veteran Tanuj Raja as Senior Vice President, North America Hyperscaler and Marketplace. Raja joins TD SYNNEX from Google and brings a wealth of expertise in marketplace strategies, digital transformation, and Telecom and Edge ecosystems. "We are thrilled to welcome Tanuj to TD SYNNEX and to help our partners capitalize on digital opportunities in new ways," said Reyna Thompson, Incoming North America President at TD SYNNEX. "At TD SYNNEX, we empower our partners to scale across diverse customer segments by providing comprehensive enablement
New program empowers North American partners to build their AI practice through tailored support TD SYNNEX, (NYSE:SNX), a leading global distributor and solutions aggregator for the IT ecosystem, today announced the launch of its Destination AI™ Practice Accelerator in North America to fast-track AI go-to-market efforts and monetization for partners. The program provides personalized support to partners looking to deliver specialized AI solutions to their customers. According to TD SYNNEX's recently released Direction of Technology report, partners are rapidly increasing investments in AI, with nearly half of all channel partners planning to offer AI-driven solutions in the next two years
MUNICH, Germany, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Acronis, a global leader in cybersecurity and data protection, is excited to announce its latest Acronis #TeamUp Partner, FC Bayern Munich Basketball. In partnership with TD SYNNEX Germany, a leading global distributor and aggregator of solutions for the IT ecosystem, the German Basketball champion will leverage Acronis' solutions to uplevel its IT infrastructure and capabilities. "We are proud to join forces with Bayern Munich and TD SYNNEX," said Markus Fritz, General Manager DACH at Acronis. "At Acronis, our focus is on delivering comprehensive cyber protection solutions. With an emphasis on expanding our presence in Germany, partneri
Strategic partnership adds Securonix's industry-leading SIEM to cybersecurity offerings available to TD SYNNEX partners Securonix, Inc., a five-time Gartner Magic Quadrant Cybersecurity leader in Security Information and Event Management (SIEM), today announced a new partnership with TD SYNNEX, a leading global distributor and solutions aggregator for the IT ecosystem, to distribute Securonix's AI-Reinforced SIEM platform to its extensive solution provider network. The partnership significantly expands the market reach of Securonix EON, which introduces advanced AI capabilities into Securonix's leading SIEM platform. This enhancement strengthens all layers of the platform, empowering orga
~~After transformative tenure as CEO, Rich Hume to Retire~~ ~~Transition is effective September 1, 2024~~ TD SYNNEX (NYSE:SNX), today announced that Patrick Zammit will become Chief Executive Officer, succeeding Rich Hume, who will retire after a transformative tenure as CEO. Hume will remain on the TD SYNNEX board of directors. The leadership transition is effective September 1. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240619892207/en/TD SYNNEX today announced that Patrick Zammit will become Chief Executive Officer, succeeding Rich Hume, who will retire after a transformative tenure as CEO. Zammit, who has served as t
TD SYNNEX (NYSE:SNX) announced today that Alim Dhanji will join the company as its new Chief Human Resources Officer, effective June 10. Dhanji brings over 25 years of global leadership experience in creating high-performing teams and developing innovative talent strategies. Dhanji succeeds Beth Simonetti who will retire from the company effective, June 1, and stay on as a consultant for the business through August 31. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240529678287/en/Alim Dhanji will join TD SYNNEX as its new Chief Human Resources Officer. (Photo: Business Wire) Prior to joining TD SYNNEX, Dhanji served as the Chie