TD SYNNEX (SNX) Q3 2026 Earnings
Non-GAAP EPS excludes $2.1 million in acquisition, integration and restructuring costs, $75.2 million in amortization of intangibles, $16.3 million in share-based compensation, and includes a $37.4 million benefit from dividends and gains on investments, with $16.6 million in related tax effects.
How Did SNX Stock React to Q3 2026 Earnings?
Did SNX Beat Earnings? Q3 2026 Results
Yes. TD SYNNEX reported Q3 2026 earnings of $5.68 a share on Sep 24, 2026, beating the $4.70 consensus estimate by 20.8%. Revenue was $21.6B against a $18.9B estimate.
TD SYNNEX delivered a blowout fiscal third quarter, with the technology distributor posting adjusted EPS of $5.68, beating the $4.70 consensus estimate by 20.80% and extending its streak of consecutive EPS beats to five quarters. Revenue of $21.56 billion topped expectations by 14.06% and surged 37.8% year over year, fueled in large part by the outperformance of both its Distribution and Hyve Solutions segments, as enterprise AI adoption accelerated toward broader production deployments and data center modernization spending intensified. Non-GAAP gross billings reached $31.83 billion, up 40.0% year over year, while GAAP net income nearly doubled to $416.24 million from $226.79 million in the prior-year period. The strong quarter came even as working capital investment drove operating cash outflow of $916.72 million. Looking ahead, TD SYNNEX guided fiscal Q4 revenue of $21.80 billion to $22.60 billion and non-GAAP diluted EPS of $5.65 to $6.15, signaling continued confidence in the AI-driven demand environment.
- Revenue grew 37.7% year over year (38.4% in constant currency), above the high end of outlook
- Both Distribution and Hyve businesses performed above expectations and grew above market
- Non-GAAP operating margin expanded 39 basis points year over year to 3.42%
- Non-GAAP diluted EPS grew 58.7% year over year
- Non-GAAP gross billings increased 40.0% year over year to $31.8 billion
- Enterprise AI adoption progressing toward broader production deployments
- Data center modernization driving infrastructure demand
“We delivered another record quarter, with Distribution and Hyve both performing above our expectations and growing above market. Enterprise AI adoption is progressing toward broader production deployments. Data center modernization remains a priority as organizations prepare for next-generation infrastructure requirements, while AI is driving new security, governance, and compliance requirements across technology environments. We believe these trends expand our opportunities across Distribution and Hyve and support our confidence in our long-term growth potential.”
TD SYNNEX CEO, on the earnings call
What Is TD SYNNEX's Outlook?
For fiscal Q4 2026 (three months ending November 30, 2026), TD SYNNEX expects revenue of $21.8 billion to $22.6 billion, non-GAAP gross billings of $31.4 billion to $32.4 billion, GAAP net income of $368 million to $408 million, non-GAAP net income of $454 million to $494 million, GAAP diluted EPS of $4.58 to $5.08, and non-GAAP diluted EPS of $5.65 to $6.15, based on approximately 79.2 million estimated outstanding diluted weighted average shares.
SNX YoY Financials
| Metric | Q3 2026 | Q3 2025 | Year over year |
|---|---|---|---|
| Revenue | $21.6B | $15.7B | +37.8% |
| Gross Profit | $1.4B | $1.1B | +35.3% |
| Operating Income | $642.9M | $386.0M | +66.6% |
| Net Income | $416.2M | $226.8M | +83.5% |
SNX Revenue by Geography
When Does TD SYNNEX Report Next?
Figures from SEC filings and company reports. Not investment advice.