TD Synnex Shares Climb on Record Quarter and 9% Dividend Hike
The IT distributor surpassed revenue and profit forecasts, signaling robust demand and rewarding shareholders amid a leadership transition.
Shares of TD Synnex (NYSE: SNX) advanced on Tuesday after the technology distributor reported record quarterly results that beat Wall Street estimates and announced a 9% increase in its shareholder dividend.
The strong performance provides an early vote of confidence for the company's new Chief Executive Officer, Patrick Zammit, who took over the role at the start of the quarter. The Fremont, California-based company, a critical intermediary in the global technology supply chain, posted revenue of $17.4 billion for its fiscal fourth quarter ending in November 2025, surpassing the consensus analyst expectation of $16.9 billion.
Profitability was a particular bright spot. The company announced non-GAAP diluted earnings per share of $3.83, a significant 24% increase from the same period in the prior year. The performance reflects healthy demand for the vast portfolio of IT products and solutions it distributes for major technology manufacturers.
"In the fourth quarter, our non-GAAP gross billings grew 15% year-over-year and non-GAAP diluted earnings per share grew 24% year-over-year, which established new records for our company," said CEO Patrick Zammit in the company's official announcement. Zammit credited the results to "the value of our diversified business model and the successful execution of our long-term strategy.”
Underscoring its financial health and commitment to shareholder returns, TD Synnex raised its quarterly cash dividend by 9% to $0.48 per common share. This follows a quarter where the company returned $209 million to stockholders, consisting of $173 million in share repurchases and $36 million in dividend payments.
With a market capitalization of approximately $12.6 billion, TD Synnex plays a pivotal role connecting technology vendors with a wide array of corporate and public sector resellers. The company's results are often viewed as a barometer for broader IT spending trends. The latest figures suggest resilience in the sector despite a complex macroeconomic backdrop.
The stock has traded in a wide range over the past year, from a low of $91.29 to a high of $167.28. High institutional ownership, standing at over 93%, indicates a strong base of professional investors who are likely to view the dividend increase and strong operational performance favorably.
Investors will be closely watching for the company's forward guidance for the upcoming quarter to gauge whether the momentum can be sustained. As a key partner for companies like HP, Apple, Cisco, and Microsoft, TD Synnex's outlook provides valuable insight into the health of the entire technology ecosystem.