TD SYNNEX Corporation (SNX) SEC Filings & Earnings Calls
EquiReason read 18 TD SYNNEX Corporation SEC filings in the last 12 months. Latest: 10-Q on 2026-10-01 — TD SYNNEX reported strong Q3 results with revenue up 37.7% YoY and non-GAAP EPS up 58.7% YoY, driven by AI infrastructure and enterprise IT demand..
Source: SEC EDGAR filings · figures as of 2026-08-31 · read by EquiReason
- Market cap
- 19.7B
- P/E TTM
- 15.1
- Dividend yield
- 0.8%
- 52-week
- —
- Next earnings
- 6 Jan, in 74 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
1 Oct 202610-QTD SYNNEX reported strong Q3 results with revenue up 37.7% YoY and non-GAAP EPS up 58.7% YoY, driven by AI infrastructure and enterprise IT demand.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $21.56B | +38% y/y |
| Gross profit · Q3-2026 | $1.43B | +26% y/y |
| Gross margin · Q3-2026 | 6.6% | |
| Operating income · Q3-2026 | $643M | +68% y/y |
| Net income · Q3-2026 | $416M | +84% y/y |
| Diluted EPS · Q3-2026 | $5.18 | +89% y/y |
| Non-GAAP diluted EPS · Q3-2026 | $5.68 | +59% y/y |
| Operating cash flow · 9M-2026 | $-2.10B | -3045% y/y |
Risks flagged
Gross Margin Pressure
“Gross margin decreased primarily due to product mix in Hyve Solutions and in our Advanced Solutions portfolio, partially offset by improved margins in our Endpoint Solutions portfolio.” · word for word
Working Capital Intensity
“CCC was 31 days as of August 31, 2026, and 16 and 23 days as of November 30, 2025 and August 31, 2025, respectively.” · word for word
Negative Operating Cash Flow
“Net cash used in operating activities was $2.1 billion, compared to net cash provided by operating activities of $71.3 million.” · word for word
30 Sep 20268-K · 1.01Amended accounts receivable securitization program, extending maturity to 2028 and increasing commitment to $3B; borrowing cost adjusted to 0.725%-0.825% per annum.open
Figures in the filing · each found in the filing text
| Securitization Facility Commitment · Q3-2026 | $3.00B |
Risks flagged
Securitization program exposes company to changes in receivables quality and market conditions.
“accounts receivable securitization program” · word for word
24 Sep 20268-K · 2.02TD SYNNEX reported record Q3 FY26: revenue $21.6B (+37.7% YoY), non-GAAP EPS $5.68 (+58.7% YoY), above high end of outlook. Dividend raised 9% to $0.48/share. Q4 guidance: revenue $21.8-22.6B, non-GAAP EPS $5.65-6.15.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q3-2026 | $21.56B | +38% y/y |
| Non-GAAP gross billings · Q3-2026 | $31.83B | +40% y/y |
| GAAP operating income · Q3-2026 | $643M | +67% y/y |
| Non-GAAP operating income · Q3-2026 | $736M | +55% y/y |
| GAAP diluted EPS · Q3-2026 | $5.18 | +89% y/y |
| Non-GAAP diluted EPS · Q3-2026 | $5.68 | +59% y/y |
| GAAP gross margin · Q3-2026 | 6.6% | |
| Non-GAAP operating margin · Q3-2026 | 3.4% | |
| GAAP net income · Q3-2026 | $416M | +83% y/y |
| Non-GAAP net income · Q3-2026 | $456M | +54% y/y |
Guidance
Q4 FY26 revenue $21.8-22.6B; non-GAAP gross billings $31.4-32.4B; non-GAAP diluted EPS $5.65-6.15; dividend $0.48/share (+9% YoY)
Q3 results above high end of outlook; Q4 guidance implies continued strong demand; dividend increased 9% YoY.
Risks flagged
Gross margin declined 61 bps YoY to 6.61%, indicating potential pricing pressure or mix shift.
“Gross margin 6.61% vs 7.22% prior year, a decline of 61 basis points.”
16 Jul 20268-K · 5.02Base salary $670,000.00; Equity award fair market value $2Mopen
Figures in the filing · each found in the filing text
| Base salary · FY2026 | $670000.00 | |
| Equity award fair market value · 2026-07-10 | $2M |
2 Jul 20268-K · 1.01TD SYNNEX entered into a receivables securitization facility including Master Definitions, Senior Variable Funding Notes, and Master Transfer agreements, dated June 26, 2026.open
Risks flagged
No material risk signals.
2 Jul 202610-QTD SYNNEX reported strong Q2 FY2026 results with revenue up 31% YoY and non-GAAP EPS up 62% YoY, driven by broad-based growth across all segments, particularly Hyve Solutions.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Consolidated · Q2-2026 | $19.57B | +31% y/y |
| Revenue · Consolidated · H1-2026 | $36.74B | +25% y/y |
| Gross Profit · Consolidated · Q2-2026 | $1.34B | +28% y/y |
| Gross Margin · Consolidated · Q2-2026 | 6.8% | |
| Gross Margin · Consolidated · H1-2026 | 7.0% | |
| Operating Income · Consolidated · Q2-2026 | $519M | +58% y/y |
| Operating Margin · Consolidated · Q2-2026 | 2.6% | |
| Non-GAAP Operating Margin · Consolidated · Q2-2026 | 3.1% | |
| Net Income · Consolidated · Q2-2026 | $334M | +81% y/y |
| Diluted EPS · Consolidated · Q2-2026 | $4.15 | +88% y/y |
Risks flagged
Working Capital Intensity
“Our business is working capital intensive. Our working capital needs are primarily to finance accounts receivable and inventory.” · word for word
Inventory Build Risk
“CCC increased as compared to both November 30, 2025 and May 31, 2025 primarily due to an increase in our DIO as inventory balances increased primarily to support growth in our business” · word for word
Tariff Uncertainty
“A difficult and challenging economic environment, due to the continued persistence of inflation, elevated interest rates, market volatility and adverse effects on product demand connected to geopolitical developments including tariff uncertainty, or other factors may also lead to decline in the IT industry or increased price-based competition.” · word for word
25 Jun 20268-K · 2.02Revenue $19.57B (+31% y/y); Non-GAAP Diluted EPS $4.85 (+62% y/y); Non-GAAP Gross Billings $28.88B (+33% y/y); Guidance: Q3 revenue $18.2-$19.0B vs consensus ~$17.5Bearningsopen
Figures in the filing · each found in the filing text
| Revenue · Q2-2026 | $19.57B | +31% y/y |
| Non-GAAP Diluted EPS · Q2-2026 | $4.85 | +62% y/y |
| Non-GAAP Gross Billings · Q2-2026 | $28.88B | +33% y/y |
| Non-GAAP Operating Income · Q2-2026 | $615M | +49% y/y |
Guidance
Q3 revenue $18.2-$19.0B vs consensus ~$17.5B
Q3 guidance above consensus; record Q2 results significantly above high end of outlook.
Risks flagged
Gross margin declined 16 bps due to mix shift; competitive pricing pressure.
“Gross margin 6.84% vs 7.00% prior year.”
3 Jun 20268-K · 3.02Warrant Shares 3,238,066; Immediate Vesting Shares 215,871; Exercise Price (Immediate) $0.01share dilutionopen
Figures in the filing · each found in the filing text
| Warrant Shares · Q2-2026 | 3,238,066 | |
| Immediate Vesting Shares · Q2-2026 | 215,871 | |
| Exercise Price (Immediate) · Q2-2026 | $0.01 | |
| Exercise Price (Vesting) · Q2-2026 | $191.10 |
Risks flagged
Dilution risk from warrant issuance; potential overhang on stock price.
“Warrant for 3,238,066 shares; immediate vesting of 215,871 at $0.01.”
2 Apr 202610-QTD SYNNEX reported strong Q1 FY2026 results with revenue up 18.1% YoY, gross margin expansion, and non-GAAP diluted EPS up 69% YoY.earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $17.16B | +18% y/y |
| Net income · Q1-2026 | $327M | +95% y/y |
| Non-GAAP diluted EPS · Q1-2026 | $4.73 | +69% y/y |
| Gross margin · Q1-2026 | 7.3% | |
| Non-GAAP operating margin · Q1-2026 | 3.4% | |
| Cash conversion cycle · Q1-2026 | 23 | -15% y/y |
| Americas distribution revenue · Americas distribution · Q1-2026 | $7.77B | +10% y/y |
| Europe distribution revenue · Europe distribution · Q1-2026 | $6.24B | +26% y/y |
| APJ distribution revenue · APJ distribution · Q1-2026 | $1000M | +30% y/y |
| Hyve Solutions revenue · Hyve Solutions · Q1-2026 | $2.15B | +24% y/y |
Risks flagged
Tariff uncertainty
“A difficult and challenging economic environment, due to the continued persistence of inflation, elevated interest rates, market volatility and adverse effects on product demand connected to geopolitical developments including tariff uncertainty, or other factors may also lead to decline in the IT industry or increased price-based competition.” · word for word
Foreign exchange risk
“The impact of changes in foreign currencies is primarily due to the strengthening of the euro against the U.S. dollar.” · word for word
31 Mar 20268-K · 2.02Revenue $17.16B (+18% y/y); Non-GAAP Gross Billings $25.77B (+24% y/y); Non-GAAP Diluted EPS $4.73 (+69% y/y); Guidance: Q2 FY2026 revenue outlook $16.1B-$16.9B; Non-GAAP EPS $3.75-$4.25earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $17.16B | +18% y/y |
| Non-GAAP Gross Billings · Q1-2026 | $25.77B | +24% y/y |
| Non-GAAP Diluted EPS · Q1-2026 | $4.73 | +69% y/y |
| GAAP Diluted EPS · Q1-2026 | $4.04 | +104% y/y |
| Gross Margin · Q1-2026 | 7.3% | |
| Operating Margin · Q1-2026 | 2.9% | |
| Share Repurchases · Q1-2026 | $80M | |
| Dividends Paid · Q1-2026 | $39M | |
| Dividend Per Share · Q2-2026 | $0.48 | +9% y/y |
Guidance
Q2 FY2026 revenue outlook $16.1B-$16.9B; Non-GAAP EPS $3.75-$4.25
Record Q1 results significantly above outlook; Q2 guidance implies continued strong performance.
13 Feb 2026DEF 14ADefinitive proxy statement filed for the 2026 Annual Meeting, including proposals to elect directors, advisory vote on executive compensation, ratify auditors, and amend charter to allow stockholders with 25% ownership to call special meetiopen
Figures in the filing · each found in the filing text
| Non-GAAP Net Income · FY2025 | $1.10B | |
| Non-GAAP Diluted EPS · FY2025 | $13.19 | |
| Revenue · FY2025 | $62.51B | |
| Net Income · FY2025 | $828M | |
| Non-GAAP Operating Income · FY2025 | $1.78B | |
| Adjusted ROIC · FY2025 | 10.5% | |
| Non-GAAP Gross Billings · FY2025 | $89.42B |
27 Jan 202610-KRevenue $62.51B (+7% y/y); Gross Profit $4.37B (+10% y/y); Gross Margin 6.99open
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $62.51B | +7% y/y |
| Gross Profit · FY2025 | $4.37B | +10% y/y |
| Gross Margin · FY2025 | 7.0% | |
| Operating Income · FY2025 | $1.41B | +19% y/y |
| Operating Margin · FY2025 | 2.3% | |
| Non-GAAP Operating Income · FY2025 | $1.78B | +10% y/y |
| Non-GAAP Operating Margin · FY2025 | 2.9% | |
| Net Income · FY2025 | $828M | +20% y/y |
| Non-GAAP Diluted EPS · FY2025 | $13.19 | +13% y/y |
| Cash Conversion Cycle · Q4-2025 | $16.00 |
Risks flagged
Supplier Concentration
“Apple, Inc. 12% ... HP Inc. 10%”
Low Gross Margin Business Model
“Our business is characterized by low gross profit as a percentage of revenue, or gross margin, and low operating income as a percentage of revenue, or operating margin.” · word for word
Tariff and Geopolitical Uncertainty
“A difficult and challenging economic environment due to the continued persistence of inflation, elevated interest rates, market volatility and adverse effects on product demand connected to geopolitical developments including tariff uncertainty, or other factors may also lead to decline in the IT industry or increased price-based competition.” · word for word
Foreign Exchange Exposure
“Approximately 48% of our consolidated revenue for fiscal year 2025 was generated by our international operations.” · word for word
26 Jan 20268-K · 1.01TD SYNNEX amends accounts receivable securitization program, extending maturity to January 20, 2028; lenders paid upfront fee.open
Risks flagged
No new risk signals; standard amendment.
8 Jan 20268-K · 2.02Revenue $17.38B (+10% y/y); Non-GAAP gross billings $24.33B (+15% y/y); Non-GAAP diluted EPS $3.83 (+24% y/y)earningsopen
Figures in the filing · each found in the filing text
| Revenue · Q4-2025 | $17.38B | +10% y/y |
| Non-GAAP gross billings · Q4-2025 | $24.33B | +15% y/y |
| Non-GAAP diluted EPS · Q4-2025 | $3.83 | +24% y/y |
| Diluted EPS · Q4-2025 | $3.04 | +33% y/y |
| Cash provided by operations · Q4-2025 | $1.50B | |
| Free cash flow · Q4-2025 | $1.40B | |
| Dividend per common share · Q1-2026 | $0.48 | +9% y/y |
TD SYNNEX Corporation — questions
- What did TD SYNNEX Corporation file recently?
- 18 SEC filings in the last 12 months. Latest: 10-Q on 2026-10-01 — TD SYNNEX reported strong Q3 results with revenue up 37.7% YoY and non-GAAP EPS up 58.7% YoY, driven by AI infrastructure and enterprise IT demand.
Every figure on this page comes from TD SYNNEX Corporation's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.