TD SYNNEX Corporation (NYSE: SNX) is a leading global distributor and solutions aggregator for the IT ecosystem, providing a broad range of technology products, services, and solutions to resellers, retailers, and other channel partners across the Americas, Europe, and Asia-Pacific & Japan. The company also operates Hyve Solutions, focused on design, manufacturing, and delivery of customized IT infrastructure.
On March 31, 2026, TD SYNNEX released its fiscal first quarter 2026 results (ended February 28, 2026), posting record performance that significantly exceeded both company guidance and analyst expectations.
Revenue reached $17.2 billion, representing an 18.1% increase year-over-year (13.2% on a constant currency basis). This outperformed the high end of the company's prior outlook ($15.1–15.9 billion) and consensus estimates around $15.6 billion. Gross profit grew 25.5% to $1.25 billion.
Operating income surged 60.7% to $489 million, with an operating margin of 2.85%. GAAP net income nearly doubled, rising 95.1% to approximately $327 million, while diluted EPS more than doubled to $4.04.
On a non-GAAP basis, gross billings increased 24.4% to $25.8 billion. Non-GAAP operating income rose 47.8% to $590 million (operating margin of 3.44%). Non-GAAP net income grew 61.2% to $383 million, with non-GAAP diluted EPS up 68.9% to $4.73. These results reflect robust demand, effective cost management, and strength in both the core distribution business and Hyve Solutions.
Dividend Information TD SYNNEX offers an attractive dividend for income investors, with a quarterly payout of $0.48 per share (annualized $1.92). The current dividend yield is approximately 1.22%. As an example, an investor seeking $500 in monthly dividend income would need to own roughly 3,125 shares — equating to an investment of around $490,000–$500,000 depending on the current share price.
The strong Q1 results highlight TD SYNNEX's solid execution in a recovering IT spending environment. Investors should review the full earnings release, 10-Q, and today's conference call transcript for segment details (Americas, Europe, APJ, and Hyve Solutions), forward guidance, and management commentary.
