TD SYNNEX (NYSE:SNX) Announces Earnings Results

26 Jun 2026, 07:11 by Scott Moore · The Cerbat Gem

TD SYNNEX (NYSE:SNX – Get Free Report) announced its quarterly earnings results on Thursday. The business services provider reported $4.85 earnings per share for the quarter, beating analysts’ consensus estimates of $4.14 by $0.71, FiscalAI reports. The firm had revenue of $19.57 billion for the quarter, compared to analyst estimates of $16.80 billion. TD SYNNEX had a net margin of 1.52% and a return on equity of 14.03%. The business’s revenue was up 31.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.99 earnings per share. TD SYNNEX updated its Q3 2026 guidance to 4.250-4.750 EPS.

Here are the key takeaways from TD SYNNEX’s conference call:

TD SYNNEX reported a record quarter, with non-GAAP gross billings up 33% year over year to $28.9 billion and non-GAAP EPS up 62% to $4.85, both above the high end of guidance.
Distribution performed strongly, with gross billings up 22% year over year to $23.4 billion and operating margin expanding 19 basis points, helped by broad-based demand across endpoints and advanced solutions.
Hyve continued to grow rapidly, with gross billings up 117% year over year to $5.5 billion as new programs with existing hyperscaler customers ramped and the company added more than 1 million square feet of manufacturing capacity.
Management said demand remains healthy and has not yet seen demand destruction from rising component prices, though it is watching PCs most closely and built some caution into Q3 guidance for memory and CPU supply constraints.
Free cash flow was negative $330 million in the quarter as TD SYNNEX continued to fund working capital and fixed-asset investments for Hyve, and management said near-term cash consumption should persist while new programs ramp.

TD SYNNEX Stock Performance

NYSE SNX opened at $277.45 on Friday. The company has a current ratio of 1.22, a quick ratio of 0.71 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average price is $248.56 and its two-hundred day moving average price is $191.65. TD SYNNEX has a 1 year low of $133.71 and a 1 year high of $296.47. The firm has a market capitalization of $22.30 billion, a P/E ratio of 23.06, a price-to-earnings-growth ratio of 1.17 and a beta of 1.43.

TD SYNNEX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 17th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, July 17th. TD SYNNEX’s payout ratio is presently 15.96%.

Insider Activity

In other TD SYNNEX news, insider Miriam Anne Murphy sold 3,025 shares of the company’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $200.14, for a total value of $605,423.50. Following the transaction, the insider directly owned 10,820 shares in the company, valued at $2,165,514.80. The trade was a 21.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Richard T. Hume sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $280.38, for a total transaction of $1,401,900.00. Following the sale, the director owned 23,537 shares of the company’s stock, valued at $6,599,304.06. This trade represents a 17.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 21,250 shares of company stock valued at $4,935,282 in the last quarter. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On TD SYNNEX

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Ossiam grew its stake in shares of TD SYNNEX by 84.3% in the third quarter. Ossiam now owns 164 shares of the business services provider’s stock valued at $27,000 after acquiring an additional 75 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TD SYNNEX during the 4th quarter worth approximately $28,000. Measured Wealth Private Client Group LLC bought a new position in shares of TD SYNNEX during the third quarter worth approximately $30,000. Brown Brothers Harriman & Co. raised its position in shares of TD SYNNEX by 675.9% in the third quarter. Brown Brothers Harriman & Co. now owns 225 shares of the business services provider’s stock valued at $37,000 after buying an additional 196 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of TD SYNNEX by 97.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 470 shares of the business services provider’s stock valued at $72,000 after buying an additional 232 shares during the period. Institutional investors and hedge funds own 84.00% of the company’s stock.

Key TD SYNNEX News

Here are the key news stories impacting TD SYNNEX this week:

Positive Sentiment: TD SYNNEX reported record fiscal Q2 2026 results, with revenue rising 31% year over year to about $19.6 billion and non-GAAP EPS of $4.85, handily beating estimates. The company also issued upbeat Q3 guidance above Wall Street expectations, reinforcing the case for continued growth. Article Title
Positive Sentiment: Management highlighted broad demand strength across both distribution and Hyve Solutions, including rapid AI-related growth and strategic wins such as HPE’s global partnership, suggesting SNX is benefiting from the AI infrastructure buildout. Article Title
Neutral Sentiment: TD SYNNEX announced a quarterly dividend of $0.48 per share, signaling ongoing shareholder returns, though the yield remains modest at roughly 0.7%.
Negative Sentiment: Some investors are questioning whether the stock’s sharp year-to-date rally has stretched the valuation, which could limit near-term upside despite the strong operating results. Article Title
Negative Sentiment: Recent insider transaction data shows more selling than buying over the past six months, which may add a cautious tone for investors even after the earnings beat.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SNX shares. Zacks Research lowered shares of TD SYNNEX from a “strong-buy” rating to a “hold” rating in a report on Monday, June 1st. Royal Bank Of Canada increased their price objective on TD SYNNEX from $250.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, June 10th. UBS Group lifted their target price on TD SYNNEX from $265.00 to $310.00 and gave the company a “buy” rating in a research report on Tuesday, June 9th. JPMorgan Chase & Co. upgraded TD SYNNEX from a “neutral” rating to an “overweight” rating and set a $298.00 target price on the stock in a research note on Wednesday, May 27th. Finally, Barrington Research reaffirmed an “outperform” rating on shares of TD SYNNEX in a research note on Tuesday, June 16th. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, TD SYNNEX presently has a consensus rating of “Moderate Buy” and an average target price of $249.80.

View Our Latest Analysis on SNX

About TD SYNNEX

(Get Free Report)

TD SYNNEX (NYSE: SNX) is a leading global distributor and solutions aggregator for the information technology industry. Formed in September 2021 through the merger of Tech Data and SYNNEX Corporation, the company provides a comprehensive range of products, services and solutions that span hardware, software, cloud, mobility, security and data center technologies. TD SYNNEX partners with vendors, resellers and system integrators to design, deploy and support IT infrastructures across diverse market segments, including commercial enterprises, public sector organizations and retail operations.

The company’s core business activities include the distribution of technology products from manufacturers such as servers, storage, networking equipment and peripherals, as well as the resale and provisioning of software licenses and cloud-based solutions.