TD Synnex (SNX)
NYSEInformation TechnologyTechnology DistributorsSnapshot 2026-09-04
$262.64+0.04%
Close 2026-09-04 · 1-day change
NYSEInformation TechnologyTechnology DistributorsSnapshot 2026-09-04
QuarterlyIQ Insights · SNX
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -10.6% |
| Our one-year growth estimate | diamond | 11.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 22.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 5 industry peers
SNX — officer change
Dated 2026-07-16
Chief Legal Officer — David Vetter: An updated offer letter was signed to continue David Vetter's employment as Chief Legal Officer with specified terms and conditions.
Why it matters: Having experienced leaders can help with governance. They can also improve strategy.
Supportive ifThey announced at least one more board member with tech skills.
Worry ifNo new board members appointed in the next quarter.
Why it matters: Increasing net income shows that TD Synnex is managing costs well. This supports long-term growth.
Supportive ifNet income in Q2 is higher than $326.9M, showing effective cost management.
Worry ifNet income in Q2 is lower than $326.9M, suggesting cost issues.
Why it matters: A decline means costs are rising or prices are going up. This can hurt profits.
Worry ifGross profit margin reported below 6.84%.
Less concerning ifGross profit margin remains at or above 6.84%.
Why it matters: If EPS falls below this level, it shows less profit. This can hurt investor trust.
Worry ifNon-GAAP diluted EPS is below $4.25.
Less concerning ifNon-GAAP diluted EPS meets or exceeds $4.25.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$137 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $286 loss on $10,000 · 2.9% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,877 loss on $10,000 · 18.8% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: Maintaining this dividend shows commitment to returning value to shareholders. A cut could signal financial strain.
Supportive ifDividend payout remains at $0.48 per share.
Worry ifDividend payout is reduced from $0.48 per share.
Why it matters: Meeting or beating guidance shows strong demand. It confirms growth momentum.
Supportive ifQ3 revenue reported at $19 billion or higher.
Worry ifQ3 revenue reported below $18.2 billion.
Why it matters: A slowdown in gross profit growth could indicate challenges in cost management.
Worry ifGross profit growth falls below 20% year over year.
Less concerning ifGross profit growth remains above 20% year over year.
Why it matters: Higher gross billings show strong sales. They also show good cost management.
Supportive ifNon-GAAP gross billings were over $28 billion.
Worry ifNon-GAAP gross billings were below $27.2 billion.
Why it matters: An increase would signal strong cash flow and commitment to returning value to shareholders.
Supportive ifAnnouncement of a dividend greater than $0.48 per share.
Worry ifNo increase in the dividend from the current $0.48 per share.
Why it matters: Douglas Britt's experience can help TD Synnex make better decisions and run better.
Watch forThere are positive changes in board decisions after Britt's appointment.
Also watch forNo clear changes in governance or strategy after several months.