Earnings Beat and Market Reaction
TD SYNNEX Corporation (NYSE: SNX) posted second‑quarter results for the period ending May 31, 2026 that substantially exceeded expectations, prompting its shares to climb 5.57% in pre‑market trading.
The company reported adjusted earnings per share (EPS) of $4.85, beating the analyst consensus of $4.11 by $0.74. GAAP diluted EPS for the quarter was $4.15, representing an 87.8% increase from $2.21 in the comparable prior‑year quarter.
Revenue surged to $19.6 billion, up 31.0% year‑over‑year from $14.9 billion and well above the $16.79 billion estimate. Adjusted gross billings rose 33.4% YoY to $28.9 billion. Adjusted operating margin expanded to 3.14% from 2.77% a year earlier.
Shareholder Returns and Dividend
TD SYNNEX returned $151 million to shareholders, comprising $112 million in share repurchases and $39 million in cash dividends. The board declared a quarterly dividend of $0.48 per share, a 9% increase YoY.
Outlook for the Next Quarter
For the third quarter, the company issued guidance of $4.25 to $4.75 adjusted EPS, with a midpoint of $4.50, surpassing the consensus estimate of $4.03. Revenue guidance was set at $18.2 billion to $19.0 billion, with a midpoint of $18.6 billion, representing a 10.5% uplift over the analyst forecast of $16.83 billion.
Executive Commentary
CEO Patrick Zammit said the quarter was a record for the firm, highlighting broad‑based strength across its Distribution and Hyve businesses and emphasizing continued execution of its strategic plan.