TD SYNNEX reported record results in its fiscal Q3, lifted by strong demand for AI-ready technology, cloud infrastructure, and its expanding digital commerce platform.
For its fiscal Q3 ending Aug. 31, the company reported revenue of $15.7 billion. That’s up 6.6% from $14.7 billion a year earlier. Net income climbed 27% to $226.8 million, compared with $178.6 million in the prior quarter.
On an adjusted basis, gross billing reached $22.7 billion, up 12.1% from $20.3 billion last year. Adjusted net income was $296.2 million, an increase of more than 20% from $245.4 million a year earlier.
Through the first nine months of fiscal 2025, TD SYNNEX generated $47.1 billion in revenue. That’s up 4.4% from $45.1 billion in the same period of 2024. Net income rose 12% to $595.3 million, compared with $532.5 million a year earlier.
The global IT distributor said sales of technology products and services rose 12% compared with last year, while profit per share increased 25%. Gains were broad across categories and regions, with standout growth in software (up 26%) and personal computers, thanks to rising interest in AI-enabled PCs and the ongoing Windows 11 upgrade cycle.
TD SYNNEX’s divisions grow in Q3
Hyve, TD SYNNEX’s data center division, turned in one of its strongest quarters yet. Business jumped by more than a third, fueled by orders for networking, storage, and AI-integrated racks as cloud providers accelerated their buildouts. CEO Patrick Zammit said Hyve is now seeing growth spread beyond its largest customers, putting it in a stronger position for the months ahead.
The company also rolled out Partner First, a new online hub for North American partners that combines ordering, services, training, and community features in one place. The platform, which will expand globally in the coming quarters, uses AI, automation, and analytics to simplify workflows and give customers more control over their buying journey.
“Partner First represents the next phase in our omnichannel strategy, blending digital efficiency with specialist expertise to help partners adopt, scale, and secure AI solutions,” Zammit said.
To support that effort, TD SYNNEX expanded its Destination AI program with three focus areas:
- Agentic AI
- AI security
- AI factory models
The initiative is designed to help customers design hybrid architectures and bring new AI-driven services to market faster.
Demand was particularly strong in Latin America and Asia Pacific/Japan, where sales rose by double digits. Small and mid-sized businesses also grew faster than the company average, while enterprise demand stayed steady. In the U.S., state and local government orders rose, offsetting weaker federal spending.
Looking ahead, TD SYNNEX expects continued momentum in both distribution and data center infrastructure as businesses invest in digital tools and AI-powered systems.
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