10-Q · July 2, 2026
TD SYNNEX reported impressive second quarter results for 2026, with revenue of $19.57 billion, significantly surpassing the prior year's $14.95 billion, representing a 31.0% growth. EPS also surpassed estimates at…
Earnings analysis · 10-Q
SNX earnings analysis
Filed October 1, 2026 · Our reading of the company's report
The latest report
TD SYNNEX delivered strong Q3 results, with revenue of $21.558 billion and diluted EPS of $5.68, up approximately 37.8% and 107.3% year over year, respectively, while both exceeded consensus estimates. Hyve Solutions’…
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TD SYNNEX delivered strong Q3 results, with revenue of $21.558 billion and diluted EPS of $5.68, up approximately 37.8% and 107.3% year over year, respectively, while both exceeded consensus estimates. Hyve Solutions’ reported 117% growth points to substantial AI-infrastructure momentum, although the supplied 10-Q extract does not include detailed segment, margin, balance-sheet, or cash-flow data. No quantitative forward guidance or material risk-factor changes were disclosed.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $5.68
- Segment
- Hyve Solutions: revenue growth of 117% was reported in the recent earnings-call coverage; segment revenue dollars were not disclosed in the supplied 10-Q text.
What stood out
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Revenue accelerated sharply
Q3 revenue was $21.558 billion, up from $19.57 billion in Q2 2026, a sequential increase of approximately 10.2%, and up from $15.65 billion in Q3 2025, an increase of approximately 37.8%.
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EPS more than doubled year over year
Diluted EPS was $5.68, versus $4.15 in Q2 2026 and $2.74 in Q3 2025, representing sequential growth of approximately 36.9% and year-over-year growth of approximately 107.3%. EPS also exceeded the $4.65 consensus estimate by $1.03.
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Revenue beat consensus materially
Q3 revenue of $21.558 billion exceeded the $18.88469448 billion consensus estimate by approximately $2.673 billion, or 14.2%.
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Share repurchases continued
The company repurchased 388 thousand shares during the quarter at an average price of $258.14 per share. The remaining authorization was $895.613 million at August 31, 2026.
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Hyve growth led by AI demand
Hyve Solutions was reported to have grown 117%, consistent with strong AI-infrastructure demand; however, the supplied 10-Q extract does not provide segment revenue or profitability figures.
What to watch
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Potential warrant dilution
The company issued a warrant to Amazon for up to 3,238,066 common shares on May 30, 2026, creating potential dilution relative to the existing share base.
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Capital allocation and liquidity
The company repurchased 388 thousand shares at an average price of $258.14 while retaining $895.613 million of authorization, which could increase capital-allocation and liquidity risk if operating cash generation weakens.
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No updated risk-factor disclosure
The 10-Q states that no material changes were made to the risk factors disclosed in the November 30, 2025 Form 10-K; therefore, no newly disclosed risk-factor mitigation or deterioration is identifiable from the supplied filing text.
Management's outlook
The supplied 10-Q provides no quantitative revenue or EPS guidance. Outlook was not provided in the extracted MD&A; numeric fields are therefore null.
Earlier filings 4
10-Q · April 2, 2026
TD SYNNEX reported strong Q1 2026 results, with revenue of $17.16 billion, up 18.1% year-over-year, and EPS of $4.04, significantly exceeding analysts' estimates. Strong performances in both their Advanced Solutions and…
10-K · January 27, 2026
TD SYNNEX reported solid growth with a 6.9% increase in total revenue to $62.51 billion for fiscal 2025, supported by gains across all segments. The company's net income soared to $827.66 million, translating to an EPS…
10-Q · October 1, 2025
TD SYNNEX reported a strong Q3, with revenue rising to $15.65 billion, representing a 6.6% increase year-over-year, and significantly exceeding consensus estimates by approximately 3.5%. Gross margin improved to 7.22%…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.