TD SYNNEX Corporation (SNX) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

from those mentioned in these forward-looking statements as a result of risks and uncertainties discussed in today's earnings release. In the Form 8K we filed today, in the risk factors section of our Form 10K, and our other reports and filings with the SEC, we do not intend to update any forward-looking statements. Also, during this call, we will reference certain non-GAAP financial information. Reconciliations of GAAP to non-GAAP results are included in our earnings press release and the related form 8K available on our investor relations website, ir.tdsynx.com. This conference call is the property of TDSYNX and may not be recorded or rebroadcast without our permission. I will now turn the call over to Patrick. Patrick? Thank you, Nate. Good morning, everyone, and thank you for joining us today. We are pleased to report another set of record results that complete an outstanding year for our organization. Over the full year, our business excluding Hive increased its gross billings in the high single digits year over year, while improving both its gross margin and operating margin profile. Additionally, Hive grew its gross billings double digits and well above our expectations. and has made further progress expanding its set of offerings and diversifying its customer base. Turning to the fourth quarter, our non-GAAP gross billings of $24.3 billion represented an increase of 15% year-over-year, or 13% in constant currency. And non-GAAP diluted earnings per share of $3.83 represented an increase of 24% year-over-year. Both of these established new records for our company, demonstrating the value of our diversified business model and the successful execution of our long-term strategy. Within TD Cinex, excluding Hive, our momentum continued with gross billings increasing...