Reading SNX? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SNX free→Reading SNX? Track it free: the weekly brief, plus an alert if the thesis breaks. No credit card.
Track SNX free→NYSEInformation TechnologyElectronics & Computer DistributionSnapshot 2026-06-16
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
Recent financial performance is strong, while earnings quality and management's track record are neutral. The company has a capital-unfriendly stance, and risk is moderate, with the sector backdrop providing a tailwind. Peer multiples imply a price about 34% above where it trades (it looks cheap on this basis); the read is cheap, quality intact. Key factors to watch include guidance changes from SNX and the performance of sector bellwethers like ARW, AVT, and CNXN. This read is provisional.
Daily closes. Earnings/event dots are placed inline.
A consensus fair price across 6 valuation methods, at three horizons. Current price $282.15. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
No-growth: today's peer multiple on trailing earnings. The headline read.
Embeds projected growth. Leans optimistic by design. Upside context.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $285 SNX trades at 19× p/e, below its 29× p/e peer median. Our $436 fair value sits above the price; low confidence. Analysts: $265–$315. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
The price implies about 35% below a flat-multiple fair value, below our forecast of about 5%. This describes what's priced in, not a forecast of the move.
Only weak execution quality, a turbulent sector regime (Heating) — not the full expensive x weak x turbulent stack.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 3 of the last 3 quarter-over-quarter moves. Historically, Information Technology names rated strong grew net income 73% of the time over the next year (vs 58% for the rest of the cohort, n=2777).
Over the trailing year it converted 1.40x of net income into operating cash flow. Historically, Information Technology names rated neutral grew net income 62% of the time over the next year (vs 58% for the rest of the cohort, n=2831).
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, real (inflation-adjusted) rates, Fed net liquidity, long-term interest rates.
The next print and the backdrop around it (sector regime and the AI cycle). Context for the path, not a forecast of returns.
EPS estimate $3.89 → $4.00 (+2.8% / 30d). 3 raised, 0 cut, 11 covering analysts.
1 upgrade, 0 downgrades / 30d, 4 maintained. 91% of analysts rate Buy.
2 PT revisions / 30d. Avg target 10.8% above current price.
0 positive, 1 negative / 30d. See F4 management tile for the event list.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
What a normal day, a bad day, and the worst of the last year would mean for a $10,000 position.
On a typical day, $10k can swing ±$112.
How much price usually moves either way.
On a bad day, this stock has moved -$259.
A rough but not unusual down day (about the 95th percentile).
In the worst 12 months, $10k could have lost $1,396.
Deepest peak-to-trough drop in the last year.
Past results, not a forecast. Not investment advice.
The most important moves since the prior daily snapshot.
No material changes since the prior snapshot.
as of 2026-06-16
Specific, dated things to watch for, each with what would confirm it and what would prove it wrong.
Why it matters: Gross profit growth is key to TD Synnex's overall financial health. It shows how well the company is managing costs and sales.
Confirms:Gross profit increases year over year by more than 5% in Q2 earnings.
Disproves:Gross profit growth is less than 0% year over year in Q2 earnings.
Recent news graded against this company's own objectives — whether it reinforces or challenges the thesis, and how confirmed it is.
No graded news catalysts for SNX yet.
Conditional scenarios: if X happens, the view would shift in this direction. These are not predictions.
Recent SEC 8-K filings ranked by likely impact, confidence, and recency.
Unregistered Sale of Equity Securities. On May 30, 2026, TD SYNNEX Corporation (the “Company”) issued a warrant (the “Warrant”) to Amazon.com NV Investment Holdings LLC (“Warrantholder”) to acquire up to 3,238,066 shares of the Company’s common stock, par value $0.001 per share, (the “Warrant Shares”). Of these Warrant Shares, 215,871 vest immediately at an exercise price of $0.01 per share, and the remaining 3,022,195 Warrant Shares vest in tranches, at an exercise price of $191.10 per Warra…
Whether the overall read has been drifting up or down lately, and how it's changed since last week.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Long-thesis check; widest uncertainty.
$265.00 – $315.00 (median $300.00) · 3 analysts · as of 2026-06-11
Looks cheaper than most peers in the same business.
Richer than its own typical valuation.
Trailing four: 2025-Q1, 2025-Q2, 2025-Q3, 2026-Q1
A side-by-side read on sector standing, valuation, and risk versus Technology Distributors.
| Stock | Sector standing | Valuation | Risk |
|---|---|---|---|
SNX TD Synnex | Above typical Show detailsSector percentile: 79 of 100 | inexpensive | moderate |
CDW CDW Corporation | Above typical Show detailsSector percentile: 81 of 100 | inexpensive | elevated |
ARW Arrow Electronics | Above typical Show detailsSector percentile: 84 of 100 | inexpensive | moderate |
AVT Avnet | Typical Show detailsSector percentile: 56 of 100 | fair | moderate |
NSIT Insight Enterprises, Inc. | Above typical Show detailsSector percentile: 94 of 100 | inexpensive | elevated |
5 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Information Technology names rated neutral grew net income 64% of the time over the next year (vs 57% for the rest of the cohort, n=1040).
Not investment advice. As of 2026-06-16.
via XLK
Tailwind = sector leading the S&P 500; headwind = trailing. Both can be constructive. Historically, headwind regimes have averaged stronger forward returns than tailwind.
Context label only: describes the market state (e.g. real bear vs narrative panic, healthy uptrend vs late-stage froth). It is not a per-ticker buy/sell signal and does not predict factor performance.
Not investment advice. As of 2026-06-16.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on increasing gross profit through strategic initiatives and operational efficiencies.
Continue efforts to enhance net income through cost management and revenue growth.
Aim to increase operating income through strategic initiatives and cost efficiencies.
Why it matters: Increasing net income shows that TD Synnex is managing costs well. This supports long-term growth.
Confirms:Net income in Q2 is higher than $326.9M, showing effective cost management.
Disproves:Net income in Q2 is lower than $326.9M, suggesting cost issues.
Why it matters: If revenue guidance falls below $16.1 billion, it may signal weakening demand.
Confirms:Q2 revenue guidance comes in below $16.1 billion.
Disproves:Q2 revenue guidance meets or exceeds $16.9 billion.
Why it matters: Net income shows how much money a company makes. Changes can affect investor trust.
Confirms:Net income increases year over year by more than 10% in Q2 earnings.
Disproves:Net income decreases year over year in Q2 earnings.
Why it matters: Operating income shows how well TD Synnex runs its core business. Growth here is vital.
Confirms:Operating income increases year over year by more than 8% in Q2 earnings.
Disproves:Operating income growth is less than 0% year over year in Q2 earnings.
Why it matters: A drop below 20% could signal a slowdown in business activity.
Confirms:Non-GAAP gross billings growth falls below 20% year over year.
Disproves:Non-GAAP gross billings growth stays above 20% year over year.
Why it matters: A slowdown in gross profit growth could indicate challenges in cost management.
Confirms:Gross profit growth falls below 20% year over year.
Disproves:Gross profit growth remains above 20% year over year.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (e) On May 5, 2026, TD SYNNEX Corporation (the “Company”) entered into an updated offer letter with respect to the terms and conditions of Dennis Polk’s employment with the Company as Chair, Hyve Solutions Holdings of the Company, effective as of December 1, 2025 (the “Offer Letter”). Pursuant to the terms of the Offer Letter, Mr. Polk will continu…
shall not be incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act, except as shall be expressly set forth by specific reference in such filing. On March 31, 2026, TD SYNNEX Corporation (“TD SYNNEX”) issued a press release regarding TD SYNNEX’s financial results for its fiscal first quarter ended February 28, 2026 and the announcement of a dividend in the amount of $0.48 per common share in the second quarter of fiscal year 2026. The full text of TD SYNN…
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On October 2, 2025, TD SYNNEX Corporation (the “Company”) issued a press release announcing that the Board of Directors (the “Board”) of the Company has appointed David Jordan as the Executive Vice President and Chief Financial Officer of the Company. In this role, he is replacing Marshall Witt, who notified the Company of his resignation to assume…
Entry into a Material Definitive Agreement. On October 10, 2025, TD SYNNEX Corporation (“TD SYNNEX” or the “Company”) issued and sold $550,000,000 aggregate principal amount of 4.300% Senior Notes due 2029 (the “2029 Notes”) and $600,000,000 aggregate principal amount of 5.300% Senior Notes due 2035 (the “2035 Notes” and, together with the 2029 Notes, the “Notes,” and such offering, the “Notes Offering”). The Notes were sold in a registered public offering pursuant to the Company’s Registrati…