Q2 26 EPS
$4.85
BEAT +17.13%
Est. $4.14
Q2 26 Revenue
$19.57B
BEAT +16.49%
Est. $16.80B
vs S&P Since Q2 26
-10.2%
TRAILING MARKET
SNX -8.5% vs S&P +1.7%
Market Reaction
Did SNX Beat Earnings? Q2 2026 Results
TD SYNNEX delivered a blowout fiscal second quarter ended May 31, 2026, posting non-GAAP diluted EPS of $4.85 against a consensus estimate of $4.14, a beat of 17.13% that extended the company's winning streak to four consecutive quarters of exceeding… Read more TD SYNNEX delivered a blowout fiscal second quarter ended May 31, 2026, posting non-GAAP diluted EPS of $4.85 against a consensus estimate of $4.14, a beat of 17.13% that extended the company's winning streak to four consecutive quarters of exceeding Wall Street's earnings expectations. Revenue of $19.57 billion surged 31.0% year over year, clearing the $16.80 billion consensus by 16.49%, with broad strength across both its Distribution and Hyve Solutions segments driving the outperformance. The single most compelling engine behind the quarter was Hyve, whose hardware ramp contributed meaningfully to revenue scale while also pressuring gross margin modestly, a tradeoff that management more than offset through operating leverage, lifting non-GAAP operating income 48.5% to $615.02 million. The company also raised its quarterly dividend 9% to $0.48 per share, underscoring confidence in its cash generation. Looking ahead, TD SYNNEX guided fiscal Q3 revenue of $18.20 billion to $19.00 billion and non-GAAP diluted EPS of $4.25 to $4.75, signaling continued momentum even as trade policy uncertainty remains a watchpoint.
Key Takeaways
- • Broad-based strength across Distribution and Hyve businesses
- • Consistent execution against strategy
- • Revenue growth of 31.0% year over year (29.1% in constant currency)
- • Non-GAAP gross billings growth of 33.4% year over year (31.7% in constant currency)
- • Non-GAAP diluted EPS growth of 62.2% year over year
- • Operating margin expansion of 45 basis points to 2.65% (GAAP) and 37 basis points to 3.14% (Non-GAAP)
SNX Forward Guidance & Outlook
For fiscal Q3 2026 (three months ending August 31, 2026), TD SYNNEX guided revenue of $18.2 billion to $19.0 billion, non-GAAP gross billings of $27.2 billion to $28.2 billion, GAAP net income of $273 million to $313 million, non-GAAP net income of $341 million to $381 million, GAAP diluted EPS of $3.40 to $3.90, and non-GAAP diluted EPS of $4.25 to $4.75, based on estimated outstanding diluted weighted average shares of 79.4 million.
SNX YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
SNX Revenue by Geography
With YoY comparisons, source: SEC Filings
“We delivered a record quarter with broad-based strength across Distribution and Hyve, building on the momentum we have carried out of recent quarters. Our results reflect consistent execution against our strategy.”
— Patrick Zammit, Q2 2026 Earnings Press Release
SNX Earnings Trends
SNX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SNX EPS Trend
Earnings per share: estimate vs actual
SNX Revenue Trend
Quarterly revenue: estimate vs actual
SNX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $4.14 | $4.85 | +17.13% | $19.57B | +16.49% |
| Q1 26 BEAT | $3.31 | $4.73 | +43.04% | $17.16B | +9.67% |
| Q4 25 BEAT FY | $3.73 | $3.83 | +2.71% | $17.38B | +2.53% |
| FY Full Year | — | $13.19 | — | $62.51B | — |
| Q3 25 BEAT | $3.05 | $3.58 | +17.53% | $15.65B | +3.57% |
| Q2 25 BEAT | $2.75 | $2.99 | +8.93% | $14.95B | +4.41% |