Will SNX's Q2 2025 earnings beat forecasts?

**TD Synnex's Q2 2025 earnings are unlikely to beat forecasts based on the current financial data and market analysis.** Here's a detailed analysis: 1. **Earnings Projection Miss**: The company's Q2 2025 earnings per share (EPS) was reported at $2.80, which missed the forecasted $2.91 by 3.8%. This indicates a potential shortfall in meeting earnings expectations. 2. **Revenue Below Expectations**: Concurrently, the revenue for the quarter was $14.53 billion, falling short of the anticipated $14.79 billion. This revenue shortfall further supports the notion that earnings are likely to be below expectations. 3. **Market Reaction**: Following the earnings release, TD Synnex's stock experienced a significant decline, dropping 17.97% in pre-market trading. This negative market reaction can be indicative of investor concerns regarding the company's performance, which could persist if earnings do not meet forecasts. 4. **Segmental Performance**: While the distribution segment showed robust activity, the Hyve segment faced temporary setbacks. The challenges in the Hyve segment could persist, impacting earnings in the upcoming quarter if not resolved promptly. 5. **Future Outlook**: The company's future guidance for Q2 2025 projects EPS and revenue growth, but the current quarter's performance indicates that achieving these goals might be challenging. The projected EPS range of $1.64 to $2.14 for Q2 2025 is below the $2.80 reported in Q1, suggesting a potential decline in earnings compared to the previous quarter. 6. **Dividend Increase**: TD Synnex announced a 10% increase in its quarterly cash dividend to $0.44 per share, which is a positive signal for the company's financial health but does not directly impact the likelihood of earnings beating forecasts. In conclusion, the evidence points to TD Synnex's Q2 2025 earnings not beating forecasts. The company's performance in the quarter was below expectations, and despite positive aspects such as a strong distribution segment, the challenges in the Hyve segment and the missed earnings projections suggest that Q2 earnings are unlikely to exceed forecasts.