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Synnex

Logo: Synnex Corporation, Public domain, via Wikimedia Commons6

American information technology company

Synnex was an American multinational corporation that provided information technology (IT) services to businesses. It merged with competitor Tech Data to form TD Synnex.3 From Wikipedia, CC BY-SA 4.0

$246.75 down 8.39 (3.29%)Price as of Oct 16, 2026 at 19:58 UTC

Last updated Oct 19, 2026.

Overview

1980Founded1

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  • TickerSNX on NYSE1
  • Industryinformation technology1
  • HeadquartersFremont1
  • Websitewww.synnexcorp.com
  • Legal formDelaware corporation1
  • Incorporated inDE7
  • Business address16202 Bay Vista Drive, Clearwater, Fl 337607
  • Filer categoryLarge accelerated filer7
  • LEI5493004HI6PFLF46NS534
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 36993644

Synnex was an American multinational corporation that provided information technology (IT) services to businesses. It merged with competitor Tech Data to form TD Synnex. It was founded in 1980 by Robert T. Huang and based in Fremont, California. As an information technology supply chain services company, it offered services to original equipment manufacturers, software publishers and reseller customers.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.0%Gross margin9
2.3%Operating margin9
1.3%Net margin9
6.9%Revenue growth, 20259
9.8%Return on equity9

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue93¢$58.1B
  • Selling, general and admin5¢$2.9B
  • Other costs1¢$364.8M
  • Income tax0¢$229.6M
  • Profit1¢$827.7M

Out of $62.5B in revenue.9

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid10¢$146.4M
  • Share buybacks39¢$596.1M
  • Kept or used elsewhere52¢$789.2M

Out of $1.5B of cash from operations.9

Financial statements

Revenue101112139$62.5B in 2025+228% since 2019
0$20.0B$40.0B$60.0B$80.0B2019: $19.1B$19.1B20192020: $20.0B$20.0B2020+5%2021: $31.6B$31.6B2021+58%2022: $62.3B$62.3B2022+97%2023: $57.6B$57.6B2023−8%2024: $58.5B$58.5B2024+2%2025: $62.5B$62.5B2025+7%
Gross profit101112139$4.4B in 2025+278% since 2019
0$2.0B$4.0B$6.0B2019: $1.2B$1.2B20192020: $1.2B$1.2B2020+3%2021: $1.9B$1.9B2021+58%2022: $3.9B$3.9B2022+106%2023: $4.0B$4.0B2023+1%2024: $4.0B$4.0B2024+1%2025: $4.4B$4.4B2025+10%
Operating income101112139$1.4B in 2025+172% since 2019
0$500.0M$1.0B$1.5B2019: $519.4M$519.4M20192020: $521.3M$521.3M2020+0%2021: $623.2M$623.2M2021+20%2022: $1.1B$1.1B2022+69%2023: $1.1B$1.1B2023+3%2024: $1.2B$1.2B2024+11%2025: $1.4B$1.4B2025+18%
Net income101112139$827.7M in 2025+65% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $500.7M$500.7M20192020: $529.2M$529.2M2020+6%2021: $395.1M$395.1M2021−25%2022: $651.3M$651.3M2022+65%2023: $626.9M$626.9M2023−4%2024: $689.1M$689.1M2024+10%2025: $827.7M$827.7M2025+20%

Every line of the income statement as filed: the last 3 fiscal years, latest first.9

Period ending2025-11-302024-11-302023-11-30
Revenue$62.5B$58.5B$57.6B
Cost of revenue-$58.1B-$54.5B-$53.6B
Gross profit$4.4B$4.0B$4.0B
Selling, general and administrative expenses-$2.9B-$2.7B-$2.7B
Acquisition, integration and restructuring costs-$7.2M-$71.3M-$206.2M
Operating income$1.4B$1.2B$1.1B
Interest expense and finance charges, net-$356.6M-$319.5M-$288.3M
Other expense, net-$1.1M-$8.7M-$206.0K
Income before income taxes$1.1B$866.0M$789.5M
Provision for income taxes-$229.6M-$176.9M-$162.6M
Net income$827.7M$689.1M$626.9M
Basic (in USD per share)$9.99$7.99$6.72
Diluted (in USD per share)$9.95$7.95$6.70
Basic (in shares)82.1M shares85.5M shares92.6M shares
Diluted (in shares)82.4M shares85.9M shares92.9M shares

Compare Synnex with another company

The story

Originally founded as a technology hardware distributor, Synnex distributes products and related logistics services. As a business process outsourcing and contract assembly it works with industry suppliers of IT systems, peripherals, system components, software and networking equipment. The company is one of the major employers in Greenville, South Carolina. On 21 December 2009, Synnex acquired Jack of All Games from Take-Two Interactive. In December 2010 Synnex acquired the managed business solutions division of e4e, an ITes service provider located in Bangalore in India.

In 2012 Hyve Solutions announced a partnership with IBM and Zettaset to produce a bundled "turnkey" platform for Hadoop-based analytics targeted to the needs of small- and medium-sized businesses. Synnex acquired IBM's worldwide customer care business process outsourcing (BPO) services business on 11 September 2013.

In June 2017, Synnex acquired the North and Latin American operations of Westcon-Comstor, along with 10% of the remaining part of Westcon (Westcon International) from Datatec for a reported $800 million.

On 28 June 2018, Convergys and Synnex announced they have reached a definitive agreement in which Synnex would acquire Convergys for $2.43 billion in combined stock and cash, and integrate it with Concentrix. On 5 October 2018, the merger was completed.

On 9 January 2020, Dennis Polk, President and Chief Executive Officer of Synnex, announced plans to separate SYNNEX and Concentrix into two publicly traded companies. The spinoff was completed on 1 December 2020, with Synnex shareholders getting one share of Concentrix for each share of Synnex they held.

In July 2021, the Republican National Convention's servers were hacked through Synnex. The company said it "could potentially be in connection" with the Kaseya VSA ransomware attack that unfolded days prior.

On 22 March 2021 it was announced that Synnex will merge with Tech Data for a sum of 7.2 billion USD, including debt. Synnex shareholders received 55% of the merged company.

Merger with Tech Data

On September 1, 2021, Synnex completed a merger with Tech Data. This merger created a new company with $59.8 billion in revenue, TD Synnex. Through the combination of both companies, TD Synnex becomes the largest IT distributor, surpassing Ingram Micro. TD Synnex is led by former Tech Data CEO, Rich Hume.

From Wikipedia’s article on Synnex, shared under CC BY-SA 4.0.8

Leadership

Who has led Synnex, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (30)

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Former names

  • SYNNEX CORPNov 7, 2003 to Nov 2, 20217
  • SYNNEX INFORMATION TECHNOLOGIES INCSep 5, 2003 to Oct 14, 20037

Timeline

  1. Oct 7, 2024New chief executive Patrick Zammit becomes CEO18
  2. Sep 10, 2021New chief executive Rich Hume becomes CEO19
  3. Sep 1, 2021Dissolved Dissolved1
  4. Mar 5, 2018New chief executive Dennis Polk becomes CEO20
  5. Apr 4, 2008New chief executive Kevin M. Murai becomes CEO21
  6. Feb 9, 2006New chief executive Robert T. Huang becomes CEO23
  7. Jan 20, 2006New chief executive James A. Estill becomes CEO22
  8. Nov 25, 2003Went public Listed on NYSE1
  9. 1980Founded Founded1

Filings

709 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 80 major events, 439 insider forms, 37 large holders, 132 other. The latest 20:

  1. Oct 15, 20264 EDGAR
  2. Oct 6, 20264 EDGAR
  3. Oct 6, 20264 EDGAR
  4. Oct 6, 20264 EDGAR
  5. Oct 6, 20264 EDGAR
  6. Oct 6, 20264 EDGAR
  7. Oct 6, 20264 EDGAR
  8. Oct 1, 202610-Q EDGAR
  9. Sep 30, 20268-K EDGAR
  10. Sep 24, 20268-K EDGAR
  11. Sep 16, 20264 EDGAR
  12. Aug 18, 20264 EDGAR
  13. Aug 17, 2026144 EDGAR
  14. Aug 6, 20264 EDGAR
  15. Aug 6, 2026SCHEDULE 13G/A EDGAR
  16. Aug 5, 2026144 EDGAR
  17. Aug 3, 20268-K EDGAR
  18. Jul 31, 2026SCHEDULE 13G/A EDGAR
  19. Jul 31, 2026144 EDGAR
  20. Jul 31, 20264 EDGAR

The 709 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

183 open-market trades by officers, directors and large owners since October 2021: 2 buys and 181 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 15, 2026POLK DENNISChair, Hyve SolutionsSale2,500$264.19$660.5KForm 4
Aug 17, 2026POLK DENNISChair, Hyve SolutionsSale2,500$261.21$653.0KForm 4
Aug 5, 2026HUME RICHARD TDirectorSale5,000$262.21$1.3MForm 4
Jul 31, 2026VEZINA ANN FDirectorSale1,273$256.05$326.0KForm 4
Jul 15, 2026POLK DENNISChair, Hyve SolutionsSale2,500$249.67$624.2KForm 4
Jul 6, 2026HUME RICHARD TDirectorSale5,000$242.97$1.2MForm 4
Jun 30, 2026POLK DENNISChair, Hyve SolutionsSale10,000$268.48$2.7MForm 4
Jun 29, 2026POLK DENNISChair, Hyve SolutionsSale15,000$265.38$4.0MForm 4
Jun 15, 2026POLK DENNISChair, Hyve SolutionsSale2,500$284.33$710.8KForm 4
Jun 2, 2026HUME RICHARD TDirectorSale5,000$280.38$1.4MForm 4
May 18, 2026HUME RICHARD TDirectorSale5,000$229.54$1.1MForm 4
May 15, 2026POLK DENNISChair, Hyve SolutionsSale2,500$230.37$575.9KForm 4
May 5, 2026HUME RICHARD TDirectorSale5,000$233.85$1.2MForm 4
May 4, 2026Saintil MerlineDirectorSale4,368$229.26$1.0MForm 4
Apr 29, 2026Thompson ReynaPresident, North AmericaSale2,196$223.47$490.7KForm 4
Apr 17, 2026POLK DENNISChair, Hyve SolutionsSale2,500$210.70$526.8KForm 4
Apr 9, 2026Murphy Miriam AnnePresident, EuropeSale3,025$200.14$605.4KForm 4
Apr 6, 2026Jordan David GregoryChief Financial OfficerSale3,225$189.46$611.0KForm 4
Mar 4, 2026Saintil MerlineDirectorSale167$157.75$26.3KForm 4
Mar 2, 2026HUME RICHARD TDirectorSale5,000$155.51$777.5KForm 4

All 183 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.7,326,560$2.0B0.0%+34,793
Fmr LLC6,444,530$1.7B0.1%+883,266
Vanguard Portfolio Management LLC3,909,895$1.0B0.0%−248,801
Vanguard Capital Management LLC3,298,543$881.8M0.0%+15,564
State Street Corp2,381,393$636.6M0.0%+22,350
Abrams Bison Investments, LLC2,021,764$540.5M26.4%−470,593
Dimensional Fund Advisors LP1,820,958$486.8M0.1%−858,643
Geode Capital Management, LLC1,729,162$465.3M0.0%+20,315
Ninety One UK Ltd1,648,684$440.8M1.0%−445,614
Brave Warrior Advisors, LLC1,441,630$385.4M8.4%−1,612,014
Aqr Capital Management LLC1,431,768$382.8M0.1%−798,554
Lyrical Asset Management LP1,157,217$309.4M3.9%−19,412
Norges Bank980,091$262.0M0.0%New
Jpmorgan Chase & Co854,715$231.8M0.0%−372,000
Jane Street Group, LLC737,540$197.2M0.1%+634,710
Nuveen, LLC728,027$194.6M0.0%−317,818
Wellington Management Group Llp726,605$194.3M0.0%−155,113
Principal Financial Group Inc703,304$188.0M0.1%+19,300
Morgan Stanley700,251$187.2M0.0%+65,153
Northern Trust Corp639,121$170.9M0.0%+1,019
Silvercrest Asset Management Group LLC638,867$170.8M1.1%−87,764
Charles Schwab Investment Management Inc626,328$167.4M0.0%−1,749
Boston Partners612,880$163.8M0.1%+19,006
Bank of New York Mellon Corp560,067$149.7M0.0%−13,274
First Trust Advisors LP531,878$142.2M0.1%+120,108

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Sep 8, 2020Christopher L. Jacobs, HouseSale$1,001 - $15,000−183.9%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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