Filing Flows › TD Synnex (SNX) › Q2 FY25
TD Synnex (SNX) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Jul 2, 2025
TD Synnex (SNX) reported revenue of $14.9B for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and +3% from the quarter before. Operating margin was 2.2%, net earnings $185M (1.2% of revenue).
TD Synnex, Q2 FY25: revenue $14.9B (+7% year over year), operating margin 2.2%, net earnings $185M, operating cash flow $573M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.9B | +3% | +7% |
| Gross profit | $1.0B | +5% | +7% |
| Operating profit | $328M | +8% | +24% |
| Net earnings | $185M | +10% | +29% |
| Operating cash flow | $573M | — | — |
| Free cash flow | $543M | — | — |
What changed
Revenue was $14.9B in Q2 FY25, up 7% year over year and up 3% from the previous quarter.
Gross margin was 7.0%, unchanged from a year earlier. Operating profit was $0.33B, a 2.2% margin (up 0.3 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, above the 2% margin then. Operating expenses grew 1% against revenue growth of 7%. Net earnings were $0.18B, up 29% year over year. The effective tax rate was 22.3%.
Operating cash flow was $0.57B, 310% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.27B. Capital expenditures of $0.03B left free cash flow of $0.54B.
Questions
What was TD Synnex's revenue in the second quarter fiscal 2025?
TD Synnex (SNX) reported revenue of $14.9B for the second quarter fiscal 2025 (Q2 FY25), +7% from a year earlier and +3% from the quarter before.
Was TD Synnex profitable in the second quarter fiscal 2025?
Operating profit was $328M (2.2% of revenue) and net earnings $185M.
Source: TD Synnex 10-Q on SEC EDGAR.