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