What did TD SYNNEX (NYSE:SNX) report for its fiscal first quarter ended February 28, 2026?

TD SYNNEX reported exceptional financial results for Q1 FY2026, with revenue of $17.2 billion, reflecting an 18.1% year-over-year increase. On a constant currency basis, revenue grew by 13.2%. The company also posted non-GAAP gross billings of $25.8 billion, a 24.4% increase compared to Q1 FY2025.

How did TD SYNNEX (NYSE:SNX) perform in terms of profitability in Q1 FY2026?

TD SYNNEX reported diluted earnings per share (EPS) of $4.04, while non-GAAP diluted EPS soared to $4.73, marking a 68.9% increase from the prior year. This strong profitability performance reflects operational leverage and a favorable product mix, significantly outperforming the company's previous guidance.

What drove the strong revenue growth for TD SYNNEX (NYSE:SNX) in Q1 FY2026?

The 18.1% year-over-year revenue increase was driven by robust demand across the company's global IT distribution business. Additionally, TD SYNNEX experienced strong growth in its non-GAAP gross billings, which surged by 24.4%. The company also benefited from a favorable product mix and strong operational execution.

How did TD SYNNEX (NYSE:SNX) manage to beat its earnings guidance in Q1 FY2026?

TD SYNNEX significantly outperformed its earnings guidance due to strong operational leverage, which improved its profitability, and a favorable product mix that led to higher-margin sales. This enabled the company to report results at the high end of its outlook.

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TD SYNNEX reports record Q1 revenue of $17.2B as AI infrastructure demand surges

Written by Jon CuthbertPublished Mar 31, 2026, 12:00 AMLast Updated Jul 6, 2026, 10:31 AM

TD SYNNEX (NYSE:SNX) reported exceptional financial results for the fiscal first quarter ended February 28, 2026, significantly outperforming its previous guidance across all major metrics.

The global IT distributor posted revenue of $17.2 billion, representing an 18.1% increase year-over-year.

On a constant currency basis, revenue growth remained robust at 13.2%.

The company’s non-GAAP gross billings reached $25.8 billion, a 24.4% surge compared to the first quarter of fiscal 2025.

Profitability saw a dramatic year-over-year improvement.

TD SYNNEX reported diluted earnings per share (EPS) of $4.04, while non-GAAP diluted EPS soared to $4.73, a 68.9% increase from the prior year.

Management noted that the results were significantly above the high end of their outlook, reflecting strong operational leverage and a favorable product mix.

In addition to the earnings beat, the company demonstrated a strong commitment to shareholder returns.

During the quarter, TD SYNNEX returned $118 million to stockholders, comprised of approximately $80 million in share repurchases and $39 million in dividends.

The board also announced a 9% year-over-year increase in the quarterly cash dividend, raising it to $0.48 per common share.