Synnex today announced its financial results for the second quarter of 2025, posting consolidated revenue of NT$93.3 billion, down 7% year-over-year, primarily due to the significant appreciation of the New Taiwan dollar. After-tax net profit totaled NT$1.3 billion, down 28%, with earnings per share (EPS) of NT$0.79. For the first half of the year, revenue reached NT$184.7 billion, while after-tax net profit totaled NT$3.1 billion and EPS stood at NT$1.88.

The company's four business segments delivered stable performance in Q2. The Enterprise Solutions Business recorded its second-highest Q2 revenue ever, driven by continued growth in key products such as AI servers and cloud services. The IT Consumer Business saw a slight overall decline, though sales of gaming products were boosted by the launch of Nvidia's next-generation GPUs and the Nintendo Switch 2. Personal computers also posted growth, while sales of peripherals and smart devices declined significantly. The Mobile Device Business achieved its strongest Q2 performance in seven years, supported by new product rollouts and stronger iPhone demand. Meanwhile, Semiconductor Business revenue saw a sharper correction as market demand normalized.

On the profitability front, an improved product mix and a higher contribution from Enterprise Solutions helped lift the gross margin by 11 basis points to 4.31%, with gross profit reaching NT$4.0 billion. However, operating expenses increased by 21% year-over-year, mainly due to higher provisions for high-risk accounts receivable, bringing operating income down 32% to NT$1.4 billion. Investment income jumped 78%, supported by solid earnings from joint ventures in Thailand, Vietnam, India, and the Middle East/Africa. Pre-tax profit for Q2 was NT$2.0 billion, down 22% year-over-year, while after-tax net profit declined 28% to NT$1.3 billion. EPS came in at NT$0.79.

For the first half of 2025, consolidated revenue declined 9% to NT$184.7 billion. Gross profit drop 7% to NT$8.0 billion, while operating expenses rose 11%, resulting in a 25% decrease in operating income to NT$3.3 billion. Pre-tax and after-tax profits reached NT$4.4 billion and NT$3.1 billion respectively, down 17% and 22% year-over-year. EPS for the first half was NT$1.88.