TD Synnex is continuing to gain “significant” marketshare in Europe, its CEO claimed as he unveiled a double-digit rise in its Q4 numbers.
The world’s largest IT distributor enjoyed a “strong close” to 2025 as its key Q4 metrics all topped the midpoint of its guidance.
Gross billings in the three months to 30 November 2025 vaulted 15% year on year to $24.3bn, elevating total 2025 gross billings to $88.8bn (an 11% year-on-year rise).
Splitting this out, Endpoint Solutions gross billings rose 12% in Q4, with Advanced Solutions’ Q4 tally pogoing 17%.
Without Hyve, its fast-growing hyperscaler infrastructure business which sits within Advanced Solutions, gross billings in the final quarter rose 10%.
European euphoria
TD Synnex’s European business punched well above its weight in Q4, growing gross billings 21% year on year to $8.4bn against a market CEO Patrick Zammit said grew “mid-single digit”.
“Europe grew faster than we anticipated as customers prioritised infrastructure software, PC device upgrades, and modernisation of ageing infrastructure despite the slow macroeconomic backdrop,” Zammit said on an earnings call (a transcript of which can be found here).
“We continue to gain significant share in the region. We have a strategy which is very well executed,” he added.
Hyve, which Zammit recently dubbed its “best-kept secret”, benefitted from “broad-based demand for cloud data centre infrastructure across our hyperscaler customers”.
“Looking ahead, I am bullish on the long-term value proposition of Hyve and IT distribution,” Zammit said on the call.
Despite channel concerns that memory shortages could fuel “pandemic levels” of kit shortages in 2026, Zammit characterised them as a “tailwind in the short term” thanks to a rise in ASPs TD Synnex is already seeing across PCs, servers and storage.
“What will be interesting to see is what will be the impact on the volume going forward,” he said.
