$SNX

CDW, ePlus, TD SYNNEX, and ScanSource reported Q2 earnings. CDW (-6%) and ePlus (-10.5%) saw stock declines, while ScanSource (+5.5%) rose. TD SYNNEX (-10.5%) reported strong revenue growth but also fell. ePlus reported flat revenue but beat EPS estimates. ScanSource had the largest analyst estimate beat. TD SYNNEX reported $19.57B revenue, up 31% YoY, and beat EPS estimates and guidance.

Hyve Solutions, a TD SYNNEX subsidiary, plans two Nevada campuses in Reno and North Las Vegas, creating 3,000 jobs. The Reno campus will span 624,000 sq. ft., focusing on AI and cloud hardware. Jobs offer above-average wages and benefits, with potential tax abatements for measurable economic impact.

Avnet (AVT) reported $8.30B revenue, up 47.7% YoY, exceeding expectations. CDW (CDW) saw $6.57B revenue, up 10% YoY. Insight Enterprises (NSIT) reported $2.40B revenue, up 14.7% YoY. TD SYNNEX (SNX) reported $19.57B revenue, up 31% YoY. All companies beat analysts' EPS estimates, with varying stock price reactions.

POLK DENNIS (Chair, Hyve Solutions) sold 2,500 indirectly-held shares of TD SYNNEX CORP (SNX) at an average of $261.21 ($258.68–$264.44, $0.65M total) across 7 trades on 2026-08-17 under a Rule 10b5-1 trading plan.

Tech Data, a TD SYNNEX company, said it is expanding its IBM distribution footprint across Asia Pacific, adding markets including Hong Kong, Macau, Malaysia, Indonesia, Cambodia, and the Philippines. The move is part of TD SYNNEX’s plan to expand IBM distribution into 20 new countries, using its Select Blue program to support partner-led growth.

Sierra Nevada Gold (SNX) says early drilling at its As Safra copper-gold project in Saudi Arabia has led it to shift capital and management focus from Nevada to Saudi. It is reviewing its Nevada assets and exploring US commercialization options. Drill results included 11m at 1.15 g/t gold and 108.7 g/t silver. SNX expects more Phase 1 results and follow-up drilling.

TD SYNNEX said it is expanding its IBM distribution agreement into 20 additional countries across Europe, Asia-Pacific, and Latin America. The move is intended to give partners broader access to IBM solutions and support scaling, including via TD SYNNEX’s Select Blue program. No financial figures were provided.

The article reviews Q2 earnings for seven IT distribution and solutions stocks, noting the group’s revenues beat analysts’ consensus by 8.6% and next-quarter guidance was 10.4% above. It highlights Insight Enterprises (NSIT) revenue $2.40B (+14.7% YoY), Avnet (AVT) $8.30B (+47.7%), and others, with average share prices down 2.7% since results.

Morgan Stanley analyst Erik Woodring said memory chip “chipflation” may persist as enterprises accelerate PC, server and storage purchases to secure pricing and avoid shortages. He cited further upside for enterprise hardware names, highlighting HPE, Everpure (P), TD Synnex (SNX) and Lenovo (LNVGY). JPMorgan strategist Jay Kwon expects memory shortages to last at least two years.

HUME RICHARD T sold 5,000 shares of TD SYNNEX CORP (SNX) at an average of $262.21 ($258.70–$264.45, $1.31M total) across 7 trades on 2026-08-05 under a Rule 10b5-1 trading plan.