The significant beat and raised guidance suggest strong underlying demand in IT distribution; monitor next quarter's gross billings growth as a leading indicator of continued momentum.
Price Chart
Executive Summary
TD SYNNEX reported strong fiscal 2026 first quarter results with revenue of $17.2 billion (up 18.1% YoY) and non-GAAP diluted EPS of $4.73 (up 68.9% YoY), significantly exceeding consensus estimates. The company also raised its outlook for the next quarter, signaling continued momentum in its distribution and Hyve businesses.
Key Financial Metrics
Key Facts
- Revenue: $17.161 billion (up 18.1% YoY), above consensus of $16.68 billion
- Non-GAAP diluted EPS: $4.73 (up 68.9% YoY), above consensus of $4.07
- GAAP diluted EPS: $4.04 (up 104.0% YoY)
- Record non-GAAP gross billings of $25.8 billion (up 24.4% YoY)
- Operating margin expanded to 3.44% (non-GAAP), up from 2.74% YoY
- Returned $118 million to shareholders via $80 million in share repurchases and $39 million in dividends
- Raised fiscal Q2 2026 outlook: non-GAAP EPS guidance of $3.75-$4.25, above Street consensus of $3.87
Financial Impact
Revenue beat by $481 million, EPS beat by $0.66 (16.2% surprise)
Risk Factors
- Macro sensitivity to IT spending and global trade policies
- Integration risks from recent acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-022204 |
| Document: snx-20260331.htm | 0001628280-26-022204 |
| Document: 0001628280-26-022204-index-headers.html | 0001628280-26-022204 |
| Document: 0001628280-26-022204-index.html | 0001628280-26-022204 |
| Document: 0001628280-26-022204.txt | 0001628280-26-022204 |
| 8-K Data (Synthetic) | 0001628280-26-022204 |
Track record builds as more directional reports settle.
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|---|---|---|---|---|---|
Aug 6, 2026 8w ago | Insider Cluster | $259.21 $262.53 | ▲ +1.28% | ▲ +0.68% | $278.92 (+7.60%) |
Jul 7, 2026 12w ago | Court Ruling | $235.67 $253.82 | ▲ +7.70% | ▲ +6.37% | $278.92 (+18.35%) |
Jul 7, 2026 12w ago | Insider Cluster | $235.67 $253.82 | ▲ +7.70% | ▲ +6.37% | $278.92 (+18.35%) |
Jun 29, 2026 13w ago | 8-K | $270.05 $242.92 | ▼ −10.05% | ▼ −9.77% | $278.92 (+3.28%) |
Jun 25, 2026 14w ago | 8-K | $277.63 $247.96 | ▼ −10.69% | ▼ −11.22% | $278.92 (+0.46%) |
Jun 22, 2026 14w ago | 8-K | $290.14 $238.54 | ▼ −17.78% | ▼ −18.94% | $278.92 (−3.87%) |
Jun 3, 2026 17w ago | 8-K | $277.57 $244.64 | ▼ −11.86% | ▼ −10.49% | $278.92 (+0.49%) |
May 19, 2026 19w ago | Insider Cluster | $226.26 $283.81 | ▲ +25.44% | ▲ +24.45% | $278.92 (+23.27%) |
Apr 29, 2026 22w ago | Insider Cluster | $224.04 $246.76 | ▲ +10.14% | ▲ +4.68% | $278.92 (+24.50%) |
Apr 17, 2026 23w ago | 144 | $217.88 $227.88 | ▲ +4.59% | ▲ +0.39% | $278.92 (+28.02%) |
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