Synnex reported consolidated revenue of NT$41.4 billion for November 2025, representing a strong 16% year-over-year increase and marking another record high for the month. On a constant-currency basis, revenue grew 22%. Performance was solid across the Semiconductor business and the Taiwan and Australia & New Zealand regions, with both the Semiconductor business and Taiwan delivering growth of over 50%.
Benefiting from surging demand for memory products and AI servers, Synnex delivered double-digit year-on-year and month-on-month growth in November. Both the Semiconductor and IT Consumer businesses posted significant revenue expansion, supported by sharp price increases in memory, SSDs, and HDDs, as well as strong restocking momentum in the market. Semiconductor revenue jumped 59% to NT$14.7 billion, setting a new high for the second consecutive month, while the IT Consumer business grew 7% year-over-year to NT$12.8 billion.
From a regional perspective, Taiwan recorded a 53% year-over-year increase in November, driven by strong AI server demand and robust sales of the Apple iPhone 17, marking its second consecutive monthly record. In Australia & New Zealand, strong Black Friday laptop sales contributed to 12% year-over-year growth. Indonesia also maintained its upward momentum, achieving a third consecutive monthly revenue record, supported by improving consumer confidence and renewed government spending on digital infrastructure.
For the first eleven months of 2025, Synnex generated consolidated revenue of NT$363.5 billion. On a constant-currency basis, revenue declined slightly by 1% year-over-year. Enterprise Solutions, IT Consumer, and Mobile Device businesses all recorded growth, while Semiconductor revenue declined modestly by 3%.