TD SYNNEX Corporation (SNX)
NYSE:SNX
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Earnings Data
Report Date
Sep 29, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
4.53Last Year’s EPS
3.58Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a strongly positive operating quarter with record billings, substantial year-over-year revenue and profit growth, major vendor and hyperscaler wins, and aggressive investments to capture AI-driven demand. Offsetting risks include near-term free cash flow consumption driven by Hyve working capital and capex, inventory accumulation (partly strategic), a Hyve margin mix impact, and supply-side risks (memory/CPUs). Management provided cautious but constructive guidance and emphasized that some inventory-related margin benefits are temporary and that Hyve ramps will materialize in late FY2026/early FY2027.Company Guidance
Record Quarter — Strong Top-Line Growth
Non-GAAP gross billings of $28.9B, up 33% year-over-year (32% in constant currency), exceeding the high end of guidance. Revenue guidance for Q3 of ~$18.6B and gross billings guidance of ~$27.7B (midpoint up ~22%).
Significant Profit and EPS Expansion
Non-GAAP operating income of $615M, up 49% year-over-year (48% cc). Non-GAAP EPS of $4.85, up 62% year-over-year and above the high end of guidance. GAAP operating income $519M (+58% YoY) and GAAP EPS $4.15 (+88% YoY).
Distribution Business Momentum
Distribution non-GAAP gross billings $23.4B, up 22% year-over-year. Distribution non-GAAP operating income $434M, up 36% YoY, and operating margin improved to 1.9% of gross billings (+19 bps YoY). Endpoint Solutions grew 13% YoY driven by higher ASPs and unit growth; Advanced Solutions up 31% YoY.
Hyve Rapid Expansion
Hyve non-GAAP gross billings $5.5B, up 117% year-over-year, ahead of expectations. Hyve non-GAAP operating income $181M, up 89% YoY. Manufacturing represented ~2/3 of Hyve, supply chain ~1/3, with manufacturing growth outpacing total Hyve.
Strategic Vendor and Hyperscaler Wins
Selected by HP as one of two global distribution partners covering networking, cloud and AI (including Juniper assets). Secured at least one program with each of the top five U.S. hyperscalers and begun early ramps; issued an equity warrant to Amazon tied to program expansion.
Operational Investments to Support AI Demand
Announced expansion of manufacturing footprint by more than 1 million sq ft across multiple U.S. locations to support hyperscaler programs and ramps expected late FY2026/early FY2027. Investing in engineering, liquid cooling and capacity ahead of demand.
Capital Return and Balance Sheet Position
Returned $112M via repurchases and $39M via dividends in the quarter; board approved $0.48/share cash dividend. Ended the quarter with $1.1B cash and cash equivalents and net leverage of 1.6x (modestly below medium-term framework).
Execution on Omnichannel and Digital Strategy
Highlighted growth drivers: PartnerFirst digital capabilities, AI/machine learning personalization, specialist go-to-market segmentation, and enablement investments — enabling share gains especially in EMEA and strong SMB growth.
SNX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
SNX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jun 25, 2026 | $283.22 | $277.63 | -1.97% |
Mar 31, 2026 | $159.75 | $168.31 | +5.36% |
Jan 08, 2026 | $150.16 | $146.78 | -2.25% |
Sep 25, 2025 | $149.08 | $158.36 | +6.22% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does TD SYNNEX Corporation (SNX) report earnings?
TD SYNNEX Corporation (SNX) is schdueled to report earning on Sep 29, 2026, After Close (Confirmed).
What is TD SYNNEX Corporation (SNX) earnings time?
TD SYNNEX Corporation (SNX) earnings time is at Sep 29, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNX EPS forecast?
SNX EPS forecast for the fiscal quarter 2026 (Q3) is 4.53.
