Following TD SYNNEX’s announcement of record Q4 results, CEO Patrick Zammitt spoke to channel media about the company’s performance and sent some positive messages about the business prospects for partners over the next few months.
► PC refresh will continue into first half
► AI expected to drive growth
► Memory shortages will mean higher ASPs
Having said in the Q4 earnings call that he was ‘bullish’ about 2026, in an interview with UK channel new website IT Channel Oxygen, Zammit said: ‘If you look at the technologies that drove the growth in 2025, I think we’ll continue to have a good story for 2026. The PC refresh is not over – we should continue to see it at least for the first half.’
He also expects AI to drive growth. ‘In servers and compute, we still have a refresh of the existing base happening in the market, so that’s a tailwind. And the second tailwind I see for servers is of course AI. As companies invest in AI factories, I think we should see some nice benefits from that.’
He acknowledged that there would be an impact on pricing due to memory shortages, but on the upside, this may drive higher average selling prices. ‘The memory price increase is driving an ASP increase, and usually that has a positive effect on revenue. The weight of AI PCs continues to increase, which, again, will have an impact on the average selling price.’
Zammit also expressed optimism about AI, cloud and cybersecurity driving new business in an interview with CRN. ‘I think there’s the need to invest in AI. Companies are making good progress in identifying the applications. That also means investments in upgrading infrastructure. I think that could be a positive for the industry. For the cloud in general, we continue to do well. Security should continue to do well.’
TD SYNNEX’s Q4 results saw the company increase revenues by 9.7% year over year overall. In Europe, revenues increased 18.1% to $6.5 billion and 11.2% on a constant currency basis.
To learn more about all the services and support that TD SYNNEX offers its partners and which drives the company’s growth, see Trusted Advisor.
