TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal third quarter ended August 31, 2026.
Revenues proved $21.6 billion, an increase of 37.7% year over year, 38.4% in constant currency, and above the high end of the company’s outlook.
Non-GAAP gross billings of $31.8 billion, an increase of 40.0% year over year, 40.5% in constant currency, and above the high end of our outlook.
Operating income of $643 million and non-GAAP operating income of $736 million, an increase of 67.6% and 55.1% year-over-year, respectively.
Operating margin of 2.98%, an increase of 53 basis points, and non-GAAP operating margin of 3.42%, an increase of 39 basis points year-over-year.
SYNNEX also reports diluted earnings per share of $5.18, and non-GAAP diluted EPS of $5.68, an increase of 58.7% year over year and above the high end of company outlook.
"We delivered another record quarter, with Distribution and Hyve both performing above our expectations and growing above market," said CEO Patrick Zammit.
“Enterprise AI adoption is progressing toward broader production deployments. Data center modernization remains a priority as organizations prepare for next-generation infrastructure requirements, while AI is driving new security, governance, and compliance requirements across technology environments.”
SNX shares stutters $26.50, or 9.2%, to $261.30.
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