TD SYNNEX Corporation (SNX)
NYSE:SNX
Earnings Data
Report Date
Jun 30, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
2.99Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial performance for the quarter: record billings, meaningful operating income and EPS growth, robust Distribution results, and a dramatic surge in Hive. Management highlighted strategic wins (Microsoft designation, Palo Alto award) and AI-enabled platform improvements, and provided constructive guidance. Key risks discussed include Hive margin variability driven by mix, concentration of recent Hive growth in a small number of customers, supply chain volatility and inventory build that tie up cash, and the potential for price-driven demand elasticity later in the year. On balance, the positive results, strong cash-generation track record (TTM), strategic customer wins, and constructive guidance outweigh the listed risks, though management remains appropriately cautious about second-half dynamics.Company Guidance
Record Financial Results
Non-GAAP gross billings of $25.8B, up 24% year-over-year (20% in constant currency); non-GAAP operating income of $590M, up 48% YoY (44% CC); non-GAAP EPS $4.73, up 69% YoY. GAAP operating income $489M, up 61% YoY (57% CC); GAAP EPS $4.04, up 104% YoY. Results exceeded the high end of guidance.
Strong Distribution Performance
Distribution non-GAAP gross billings of $22.0B, up 17% YoY. Endpoint Solutions +14% YoY (PC refresh, premium devices); Advanced Solutions +19% YoY (infrastructure, security, software). Distribution non-GAAP operating income $431M, up 42% YoY; operating margin (as % of gross billings) 2%, an improvement of 34 basis points YoY. Management noted a 10–15 bps gross margin benefit from strategic inventory purchasing.
Hive Rapid Growth
Hive non-GAAP gross billings $3.8B, up 95% YoY. Manufacturing & assembly grew mid-70% YoY; supply chain services grew in excess of 100% YoY. Hive non-GAAP operating income $159M, up 66% YoY. Company signed programs with two new hyperscaler customers, started ramping a third U.S. hyperscaler, and now has at least one program with each of the top five U.S. hyperscalers.
Improving Cash Conversion and Capital Allocation
Trailing twelve months free cash flow of $1.2B and $723M returned to shareholders over the period. Q1 buybacks and dividends totaled $118M. Net working capital $4.2B; gross cash conversion cycle improved to 16 days (4 days better YoY). Cash and cash equivalents $1.6B; leverage ratio 1.5x (modestly below medium-term framework). Board approved $0.48 cash dividend.
Strategic and Operational Wins
Achieved Microsoft Frontier Distributor designation across all regions and named Palo Alto Networks FY25 Distributor of the Year in North America. Management is embedding predictive AI and agenting AI into onboarding, quoting, and cross-sell motions to accelerate partner onboarding and improve attach rates.
Constructive Near-Term Guidance
Company provided outlook (midpoint): non-GAAP gross billings ~$25.1B (~+16% YoY), revenue ~$16.5B, non-GAAP net income ~$322M, non-GAAP diluted EPS ~$4.00 (~+34% YoY at midpoint). Management expects share repurchases to increase from Q1 levels.
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 Jun 30, 2026, After Close (Confirmed).
What is TD SYNNEX Corporation (SNX) earnings time?
TD SYNNEX Corporation (SNX) earnings time is at Jun 30, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What is SNX EPS forecast?
Currently, no data Available
