Q4 guidance midpoint of $22.2B revenue and $5.90 non-GAAP EPS implies continued momentum into fiscal year-end. Monitor gross margin trajectory (down 61bps YoY) and working capital needs given negative free cash flow of -$976M in Q3.
Price Chart
Executive Summary
TD SYNNEX reported record fiscal Q3 2026 results with revenue of $21.6B (+37.7% YoY) and non-GAAP diluted EPS of $5.68 (+58.7% YoY), both above the high end of guidance. Q4 guidance for revenue of $21.8B-$22.6B and non-GAAP EPS of $5.65-$6.15 implies continued strong growth, though gross margin contracted 61bps YoY to 6.61%.
Key Financial Metrics
Key Facts
- Revenue of $21.6B, up 37.7% YoY, above the high end of outlook
- Non-GAAP diluted EPS of $5.68, up 58.7% YoY, above the high end of outlook
- Operating income of $643M, up 67.6% YoY; non-GAAP operating income of $736M, up 55.1% YoY
- Q4 FY26 guidance: revenue $21.8B-$22.6B, non-GAAP diluted EPS $5.65-$6.15
- Returned $139M to stockholders via $100M in share repurchases and $38M in dividends
- Quarterly cash dividend of $0.48 per share declared, up 9% YoY
Financial Impact
Revenue beat consensus by ~14% ($21.6B vs $18.91B); non-GAAP EPS of $5.68 vs Street consensus of $4.46, a 27.4% beat
Risk Factors
- Gross margin contracted 61bps YoY to 6.61%, driven by product mix shift
- Negative free cash flow of -$975.6M in Q3 due to working capital build
- Cash and cash equivalents declined to $749M from $2.4B at fiscal year-end
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001628280-26-063314 |
| Document: snx-20260924.htm | 0001628280-26-063314 |
| Document: 0001628280-26-063314-index-headers.html | 0001628280-26-063314 |
| Document: 0001628280-26-063314-index.html | 0001628280-26-063314 |
| Document: 0001628280-26-063314.txt | 0001628280-26-063314 |
| 8-K Data (Synthetic) | 0001628280-26-063314 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $254.24 | awaiting T+5 | — | $254.72 (+0.19%) |
Oct 22, 2026 5d ago | 144 | $247.34 | awaiting T+5 | — | $254.72 (+2.98%) |
Oct 22, 2026 6d ago | Insider Cluster | $247.34 | awaiting T+5 | — | $254.72 (+2.98%) |
Oct 21, 2026 6d ago | Insider Cluster | $247.08 | awaiting T+5 | — | $254.72 (+3.09%) |
Oct 21, 2026 6d ago | Institutional Cluster | $247.08 | awaiting T+5 | — | $254.72 (+3.09%) |
Sep 24, 2026 4w ago | 8-K | $259.47 $271.76 | ▲ +4.74% | ▲ +5.15% | $254.72 (−1.83%) |
Aug 6, 2026 11w ago | Insider Cluster | $252.42 $258.74 | ▲ +2.50% | ▲ +2.11% | $254.72 (+0.91%) |
Jul 7, 2026 16w ago | Insider Cluster | $245.42 $250.08 | ▲ +1.90% | ▲ +0.64% | $254.72 (+3.79%) |
Jul 7, 2026 16w ago | Court Ruling | $245.42 $250.08 | ▲ +1.90% | ▲ +0.64% | $254.72 (+3.79%) |
Jun 29, 2026 17w ago | 8-K | $270.05 $238.92 | ▼ −11.53% | ▼ −12.91% | $254.72 (−5.68%) |
US Market Status
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