SYNNEX Corporation Earnings Recaps
Q1 2026
Mar 31, 2026
TD SYNNEX Corporation achieved record non-GAAP gross billings and earnings per share in Q1 FY2026, reflecting robust growth across its Distribution and Hive segments and solidifying its strategy for long-term shareholder value.
Key takeaways
- Non-GAAP gross billings reached an all-time high, highlighting the strength of operational execution and demand.
- Distribution segment growth was supported by increased investments in infrastructure, software, and security, alongside disciplined cost management.
- The company received recognition as Microsoft Frontier Distributor and Palo Alto Networks' Distributor of the Year, showcasing its effectiveness in vendor support and market expansion.
- Hive segment saw significant expansion driven by increased demand for AI and cloud-enabled data center infrastructure, with strong operating income growth year-over-year.
- The updated segment structure enhances visibility into performance drivers and strategic execution, focusing on Distribution and Hive as distinct growth engines.
Q3 2025
Sep 25, 2025
TD SYNNEX achieved record third-quarter results with gross billings of $22.7 billion and non-GAAP diluted EPS of $3.58, driven by strong execution and robust demand across its global portfolio.
Key takeaways
- Gross billings increased 12% year-over-year, with non-GAAP diluted EPS growing 25%.
- HIVE's gross billings soared by mid-thirties, and ODM Centimeters rose 57%, reflecting heightened cloud infrastructure investments.
- Software revenue surged 26% driven by cybersecurity and infrastructure solutions, while AI PC demand remained strong.
- Significant performance in Latin America and Asia Pacific, with double-digit gross billing growth in both regions.
- Launch of the TD SYNNEX Partner First portal enhances partner experience and drives operational efficiency through digital strategy.