TD SYNNEX Corporation

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What Do They Do?

Distributes information technology hardware, software and systems to resellers and retailers, and designs and delivers server, storage and networking systems for customers building large computing infrastructure.

How Do They Make Money?

Resellers and retailers mainly pay for information technology hardware and software when products ship or are delivered; TD SYNNEX generally invoices at shipment, with payment due under contract terms. Customers pay for support, supply-chain and other services as those services are performed.

FY2025 revenue

Who Are Their Customers?

Resellers and retailers buy its products, with larger resellers also buying some products directly from manufacturers. It sells design and integration solutions directly to customers building data-center systems.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 11% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 1 cent of every revenue dollar as net income in FY2025 and turned 2 cents into free cash flow.

Operating income, FY2025

2% of revenue

▲ +18% vs FY2024 ($1.2B, 2%)

Net income, FY2025

1% of revenue

▲ +20% vs FY2024 ($689.1M, 1%)

Free cash flow, FY2025

2% of revenue

▲ +33% vs FY2024 ($1B, 2%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Aug 31, 2026

Revenue: ▲ +38%; vs $15.7B in Q3 FY2025
Net income: ▲ +84%; vs $226.8M in Q3 FY2025

Jun 25, 2026 The company issued quarterly results and a third-quarter financial outlook It projected revenue of $18.2 - $19.0 billion and net income of $273 - $313 million for the third quarter.

Growing. Revenue grew 98% in 4 years, from $31.6B in FY2021 to $62.5B in FY2025, about 19% a year.

Hyperscale systems The older report described systems design and integration generally; the latest describes purpose-built server, storage and networking solutions for customers building large computing infrastructure.

Who Do They Compete With?

Competes with Ingram Micro, Arrow Electronics, Westcon-Comstor, ScanSource, ALSO Holding, Esprinet, VSTECS Holdings, Synnex Technology International, Jabil, Celestica, Flex, Quanta Computer, and Wiwynn

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