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TD Synnex 8-K Report, Financial Results (Mar 31, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed March 31, 2026
Period End
March 31, 2026
Security
SNX
In the record · 2016–202610-K1110-Q338-K163

SNX filed 11 annual reports (10-K), 33 quarterly reports (10-Q) and 163 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Oct ’18Oct ’18
  2. Deal closed8-K · Dec ’20Dec ’20
  3. Leadership change8-K · Jan ’23Jan ’23
  4. Leadership change8-K · Jan ’25Jan ’25

01—Abstract

Summary

Summary of the 8-K filed March 31, 2026. Cited figures are marked; the original filing is the authoritative source.

TD SYNNEX Corporation (NYSE: SNX) reported record fiscal 2026 first-quarter results for the period ended February 28, 2026.

GAAP revenue was $17.16 billiona, up 18.1% year over year (13.2% on a constant currency basis), and GAAP diluted EPS was $4.04, up 104.0% from $1.98. Non-GAAP gross billings reached $25.78 billion, up 24.4% year over year, and non-GAAP diluted EPS was $4.73, up 68.9% from $2.80. GAAP operating income was $489 million and non-GAAP operating income was $590 million, with a non-GAAP operating margin of 3.44%.

Net cash used in operating activities was $895.9 millionb, compared with $748.0 million a year earlier, and free cash flow was negative $929.0 million. The company also reported that it returned $118 million to stockholders in the quarter, comprising about $80 million of share repurchases and $39 million of dividends, and announced a quarterly cash dividend of $0.48 per common share, up 9% year over year, payable April 29, 2026. The company said it has revised its reportable segments to four: three geographic distribution segments (Americas, Europe, and Asia-Pacific and Japan) and Hyve Solutions.

For the fiscal second quarter ending May 31, 2026, TD SYNNEX guided to revenue of $16.1 to $16.9 billionc, non-GAAP gross billings of $24.6 to $25.6 billion, GAAP diluted EPS of $2.90 to $3.40, and non-GAAP diluted EPS of $3.75 to $4.25, on an estimated 79.8 million diluted weighted average shares. Cash and cash equivalents fell to $1.56 billion at February 28, 2026, from $2.44 billion at November 30, 2025, while inventories rose to $10.98 billion from $9.50 billion.

02—Key points

Key Highlights

  1. Record fiscal Q1 2026 results: GAAP revenue of $17.16 billion (up 18.1% year over year) and non-GAAP gross billings of $25.78 billion (up 24.4%).
  2. GAAP diluted EPS of $4.04 versus $1.98 a year earlier; non-GAAP diluted EPS of $4.73, up 68.9% from $2.80.
  3. Non-GAAP gross margin-related metrics: GAAP gross margin of 7.30% (up 43 bps) and non-GAAP operating margin of 3.44% (up 70 bps).
  4. Capital return of $118 million in the quarter, including about $80 million of share repurchases and $39 million of dividends; quarterly dividend raised to $0.48 per share, up 9% year over year.
  5. Negative operating cash flow of $895.9 million and free cash flow of negative $929.0 million, driven by a $1.42 billion increase in inventories and a $136 million increase in receivables, partly offset by higher payables.
  6. Reportable segments revised to four: Americas, Europe, APJ and Hyve Solutions.
  7. Q2 2026 outlook calls for revenue of $16.1 to $16.9 billion and non-GAAP diluted EPS of $3.75 to $4.25.

03—Questions

Frequently Asked Questions

  1. How did TD SYNNEX perform in its fiscal first quarter of 2026?

    The company reported GAAP revenue of $17.16 billion, up 18.1% year over year, and GAAP net income of $327 million, up 95.1%. Non-GAAP gross billings rose 24.4% to $25.78 billion, and non-GAAP diluted EPS rose 68.9% to $4.73. The company described the results as significantly above the high end of its outlook.

  2. What is the dividend and when is it payable?

    The Board declared a quarterly cash dividend of $0.48 per common share, up 9% year over year. It is payable April 29, 2026 to stockholders of record as of the close of business on April 15, 2026.

  3. What guidance did the company give for the fiscal second quarter of 2026?

    For the quarter ending May 31, 2026, TD SYNNEX expects revenue of $16.1 to $16.9 billion, non-GAAP gross billings of $24.6 to $25.6 billion, GAAP diluted EPS of $2.90 to $3.40, and non-GAAP diluted EPS of $3.75 to $4.25, based on an estimated 79.8 million diluted weighted average shares.

  4. Why was operating cash flow negative in the quarter?

    Net cash used in operating activities was $895.9 million. The cash flow statement shows a $1.42 billion increase in inventories and a $136.3 million increase in accounts receivable, partly offset by a $284.5 million increase in accounts payable. Cash and cash equivalents declined to $1.56 billion from $2.44 billion at November 30, 2025.

  5. What changed in the company's segment reporting?

    During the quarter the company revised its reportable segments to align with how its Chief Operating Decision Maker manages the business. It now reports four segments: Americas, Europe, and Asia-Pacific and Japan (APJ), which together make up its global distribution business, and Hyve Solutions, which operates globally.

04—Continue

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