Earnings call transcript: TD SYNNEX tops Q3 2026 forecasts but shares fall

TD SYNNEX (NYSE:SNX) reported Q3 2026 revenue of $21.6B, up 37.7% YoY, and adjusted EPS of $5.68, beating estimates. Adjusted operating income rose 55.1% to $736M. The company issued Q4 guidance with adjusted EPS of $5.65-$6.15 and revenue of $21.8B-$22.6B, both above consensus. Shares fell 3.44% premarket.

TD SYNNEX reported Q3 2026 sales of $21.56B, up from $15.65B YoY, with net income of $416.24M, up from $226.8M. EPS from continuing operations was $5.20 basic and $5.18 diluted, compared to $2.76 and $2.74 YoY. Nine-month sales reached $58.29B, with net income of $1.08B.

TD Synnex (SNX) reported fiscal Q3 adjusted EPS of $5.68, beating estimates, with revenue up 37.7% YoY to $21.6B. The company guided Q4 EPS to $5.65-$6.15 and revenue to $21.8B-$22.6B, both above estimates. Shares fell over 4% premarket.

TD SYNNEX (SNX) reported fiscal Q3 profit of $416.2M, or $5.18 per share, beating estimates. Revenue was $21.56B, also exceeding forecasts. The company expects Q4 earnings of $5.65-$6.15 per share and revenue of $21.8B-$22.6B.

TD SYNNEX CORP (SNX) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 TD SYNNEX Reports Record Fiscal 2026 Third Quarter Results • Revenue of $21.6 billion, an increase of 37.7% year over year, 38.4% in constant currency (1) , and above the high end of our outlook. • Non-GAAP gross billings (1) of $31.8 billion, an increase of 40.0% ye

Morgan Stanley reports enterprise hardware spending surged in Q2, with traditional server revenue up 87% YoY, storage up 34%, and PCs up 14%. Despite strong growth, valuations declined for most stocks. MS favors P and SNX, maintains Neutral on Dell, and Underweight on HPQ. Dell showed strong execution but faces valuation concerns, while HPQ struggles with PC demand and margin pressures.