TD Synnex (SNX)
NYSEInformation TechnologyTechnology DistributorsSnapshot 2026-11-04
$230.39+1.03%
Close 2026-11-04 · 1-day change
NYSEInformation TechnologyTechnology DistributorsSnapshot 2026-11-04
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 | -32.1% |
| Our one-year growth estimate | diamond |
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 2026-11-04.
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.
| 16.5% |
Growth built into the price is above our model estimate.
The price assumes 48.6 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 2 industry peers · Company calendar date is not available
SNX — credit agreement
Dated 2026-11-05
Entry into a Material Definitive Agreement. On November 2, 2026, TD SYNNEX Corporation (“TD SYNNEX”) entered into a Term Loan Credit Agreement (the “New Term Loan Credit Agreement”) with the initial lenders party thereto, Bank of America, N.A. (“Bank of America”), as administrative agent for the lenders, and BofA Securities, Inc., as lead arranger and lead bookrunner. The New Term Loan Credit Agreement provides for the extension of a senior unsecured term loan in an aggregate principal amount…
Why it matters: The company raised its quarterly dividend by 9% year over year. Keeping it at $0.48 would continue that payout level.
Supportive ifThe next dividend announcement keeps the quarterly payout at $0.48 per share or raises it.
Worry ifThe next dividend announcement cuts the quarterly payout below $0.48 per share.
Why it matters: Q3 revenue topped the high end of its outlook. Another beat would show that sales growth remains strong.
Supportive ifQ4 revenue is above $22.6 billion, the top of the outlook range.
Worry ifQ4 revenue is below $21.8 billion, the bottom of the outlook range.
Why it matters: Q3 gross margin fell 61 basis points from a year ago, even as sales grew. Another drop would show that growth is not lifting this key margin measure.
Worry ifReported gross margin falls below 6.61%, the Q3 FY26 level.
Less concerning ifReported gross margin rises above 6.61% in the next reported quarter.
Why it matters: Management says AI use is moving toward wider production work. A clear rise in Hyve sales would show this demand is reaching TD SYNNEX.
Supportive ifTD SYNNEX reports Hyve revenue growth year over year and links it to AI or data center demand.
Worry ifTD SYNNEX reports Hyve revenue falling year over year, or says AI and data center demand did not lift sales.
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 | ±$141 on $10,000 · ±1.4% | How much price usually moves either way. |
| Bad day | $318 loss on $10,000 · 3.2% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,341 loss on $10,000 · 23.4% | 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: The Q4 outlook calls for non-GAAP EPS of $5.65 to $6.15. A result below that range would break the recent run of results above outlook.
Worry ifQ4 non-GAAP EPS is below $5.65, the bottom of the outlook range.
Less concerning ifQ4 non-GAAP EPS is at least $5.65 and within or above the outlook range.
Why it matters: TD SYNNEX amended its trade receivables funding program. New terms can change how the company funds customer payments.
Watch forA filing shows the amended program keeps its funding size and term, with no added limits or costs.
Also watch forA filing shows less funding capacity, shorter terms, or new costs under the amended program.