Why Are TD SYNNEX (SNX) Shares Soaring Today

What Happened?

Shares of IT distribution giant TD SYNNEX (NYSE:SNX) jumped 5.9% in the afternoon session after the company reported impressive second quarter 2025 results which exceeded Wall Street's sales and earnings estimates. The strong top-line performance was attributed to growth in both the Endpoint Solutions and Advanced Solutions portfolios. Free cash flow also improved significantly, flipping into the positive territory compared to the cash burn recorded in the previous quarter. Guidance was also solid, as earnings projection for Q3 came in ahead while the sales outlook for the same quarter was in line with consensus estimates. Overall, this was a strong quarter.

Is now the time to buy TD SYNNEX? Access our full analysis report here, it’s free.

What The Market Is Telling Us

TD SYNNEX’s shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business.

The biggest move we wrote about over the last year was 3 months ago when the stock dropped 18.1% on the news that the company reported weak first-quarter 2025 results with sales, operating profits, and earnings all falling short of Wall Street's expectations. Its revenue guidance for next quarter missed significantly, and its EPS guidance for next quarter fell short of Wall Street's estimates. Additionally, cash flow was a weak point during the quarter. TD SYNNEX reported negative free cash flow of $790 million, compared to a positive $344 million the previous year, a reversal that could raise concerns about operational efficiency or working capital management. Overall, this was a weaker quarter.

TD SYNNEX is up 17.1% since the beginning of the year, and at $136.36 per share, it is trading close to its 52-week high of $144.69 from February 2025. Investors who bought $1,000 worth of TD SYNNEX’s shares 5 years ago would now be looking at an investment worth $1,329.

Do you want to know what moves the business you care about? Add them to your StockStory watchlist and every time a stock significantly moves, we provide you with a timely explanation straight to your inbox. It’s free and will only take you a second.