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TD SYNNEX Corporation (SNX)
NYSE:SNX
Earnings Data
Report Date
Mar 31, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
3.29Last Year’s EPS
2.8Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong execution and multiple record metrics (billings, EPS, free cash flow) driven by broad-based geographic and product strength and exceptional HIVE growth. Management also highlighted strategic investments (digital portal, AI assistant, enablement programs) and continued capital returns. Key headwinds include an elevated gross-to-net mix shift (more software and netted HIVE programs), flat gross margin percentage, higher tax rate, timing-driven cash normalization into Q1, and some uncertainty around component price-induced demand elasticity. Overall, the positive operational and financial momentum and substantial cash generation outweigh these manageable near-term challenges.Company Guidance
Record Quarterly Billings and EPS
Q4 non-GAAP gross billings of $24.3B (+15% YoY; +13% constant currency) and non-GAAP diluted EPS of $3.83 (+24% YoY), both company records demonstrating strong top-line and earnings leverage.
Strong HIVE Growth
HIVE gross billings grew more than 50% YoY in Q4, with ODM/centimeters gross billings up 39% YoY; HIVE operating income also grew meaningfully and is becoming a larger portion of the mix.
Distribution Business Momentum (Excluding HIVE)
TD SYNNEX (ex-HIVE) gross billings increased 10% YoY in Q4, with gross profit and operating income each growing by double digits, indicating healthy core-distribution performance.
Solid Net Revenue, Gross Profit and Operating Income
Net revenue of $17.4B (+10% YoY); gross profit $1.2B (+15% YoY); non-GAAP operating income $497M (+18% YoY) and operating margin improved 5 basis points YoY to 2.04%.
Free Cash Flow and Shareholder Returns
Annual free cash flow of $1.4B (also $1.4B in the quarter), third consecutive year >$1B; returned $209M to shareholders in Q4 ($173M buybacks, $36M dividends) and $742M for the fiscal year; cumulative 3-year returns >$2.2B (~61% of FCF).
Regional and Product Strength
Broad-based geographic growth: stronger-than-expected Europe and robust Asia Pacific & Japan expansion driven by cloud, PC refresh, and AI development. Endpoint solutions gross billings +12% YoY (PCs in double digits for four consecutive quarters).
Strategic Execution and Market Recognition
Investments in omnichannel/digital platform and AI assistant (self-service 24/7) with reported operational time savings; awards include UK iCloud Marketplace of the Year (CRN) and Cisco Distributor of the Year (global, Americas, EMEA). Won a global security RFP.
Disciplined Cost and Balance Sheet Management
Non-GAAP SG&A $698M (3% of gross billings); cost-to-gross-profit ratio improved ~100 bps YoY to 58%. Net working capital down ~$300M YoY; gross cash days improved by 2 days; cash $2.4B, debt $4.6B, gross leverage 2.4x, net leverage 1.1x.
Forward Guidance and Capital Allocation
Q1 FY26 gross billings guidance $22.7B–$23.7B (~+12% at midpoint), net revenue guidance $15.1B–$15.9B (implied ~33% gross-to-net), Q1 dividend approved $0.48/share, $1.2B remaining buyback authorization.
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 |
|---|---|---|---|
Jan 08, 2026 | $150.52 | $147.13 | -2.25% |
Sep 25, 2025 | $149.43 | $158.73 | +6.22% |
Jun 24, 2025 | $126.44 | $135.63 | +7.27% |
Mar 27, 2025 | $123.78 | $106.10 | -14.28% |
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 Mar 31, 2026, After Close (Confirmed).
What is TD SYNNEX Corporation (SNX) earnings time?
TD SYNNEX Corporation (SNX) earnings time is at Mar 31, 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 (Q1) is 3.29.
