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TD Synnex 8-K Report, Financial Results (Jun 25, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed June 25, 2026
Period End
June 25, 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. Leadership change8-K · Sep ’21Sep ’21
  3. Leadership change8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 8-K filed June 25, 2026. Cited figures are marked; the original filing is the authoritative source.

TD SYNNEX Corporation reported record results for its fiscal second quarter ended May 31, 2026.

Revenue was $19.6 billiona, up 31.0% year over year (29.1% in constant currency), and non-GAAP gross billings were $28.9 billion, up 33.4% year over year. GAAP diluted EPS was $4.15 versus $2.21 a year earlier, and non-GAAP diluted EPS was $4.85, up 62.2% year over year. GAAP operating income rose 58.3% to $519 million and net income rose 80.7% to $334 million.

The company describes the results as significantly above the high end of its outlook, and attributes them to broad-based strength across Distribution and Hyve. Cash generation was weak in the quarter. Net cash used in operating activities was $265.6 millionb, compared with $573.2 million provided in the prior-year quarter, and free cash flow was negative $332.4 million.

Inventories rose to $13.89 billionc from $9.50 billion at November 30, 2025, and accounts payable rose to $21.18 billion from $17.62 billion over the same period. Cash and cash equivalents fell to $1.09 billion from $2.44 billion at fiscal year-end. During the quarter, the company returned $151 million to stockholders through $112 million of share repurchases and $39 million of dividends.

For the fiscal third quarter ending August 31, 2026, TD SYNNEX guided to revenue of $18.2 to $19.0 billiond, non-GAAP gross billings of $27.2 to $28.2 billion, and non-GAAP diluted EPS of $4.25 to $4.75. The Board declared a quarterly cash dividend of $0.48 per common share, payable July 31, 2026 to holders of record on July 17, 2026. The information in Item 2.02 is furnished rather than filed.

02—Key points

Key Highlights

  1. Revenue of $19.57 billion in fiscal Q2 2026, up 31.0% year over year (29.1% in constant currency), described as significantly above the high end of outlook.
  2. Non-GAAP gross billings of $28.88 billion, up 33.4% year over year; GAAP diluted EPS of $4.15 and non-GAAP diluted EPS of $4.85, up 62.2% year over year.
  3. Net cash used in operating activities was $265.6 million versus $573.2 million provided a year earlier, and free cash flow was negative $332.4 million.
  4. Inventories increased to $13.89 billion from $9.50 billion at November 30, 2025, and accounts payable increased to $21.18 billion from $17.62 billion.
  5. Returned $151 million to stockholders in the quarter: $112 million in share repurchases and $39 million in dividends.
  6. Fiscal Q3 2026 outlook calls for revenue of $18.2 to $19.0 billion and non-GAAP diluted EPS of $4.25 to $4.75.
  7. Board declared a quarterly cash dividend of $0.48 per share, payable July 31, 2026, up 9% year over year.

03—Questions

Frequently Asked Questions

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

    The company reported revenue of $19.57 billion, up 31.0% year over year, and GAAP net income of $334 million, up 80.7%. GAAP diluted EPS was $4.15 and non-GAAP diluted EPS was $4.85. Management described the quarter as a record and said results were significantly above the high end of its outlook.

  2. What is the company's outlook for the fiscal third quarter of 2026?

    TD SYNNEX expects revenue of $18.2 to $19.0 billion, non-GAAP gross billings of $27.2 to $28.2 billion, GAAP diluted EPS of $3.40 to $3.90, and non-GAAP diluted EPS of $4.25 to $4.75, based on an estimated 79.4 million diluted weighted average shares.

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

    Net cash used in operating activities was $265.6 million. The cash flow statement shows large increases in inventories ($2.95 billion in the quarter) and accounts receivable ($1.15 billion), partly offset by a $3.20 billion increase in accounts payable. Six-month operating cash flow was negative $1.16 billion.

  4. What dividend did the company declare?

    The Board declared a quarterly cash dividend of $0.48 per common share, payable July 31, 2026 to stockholders of record as of the close of business on July 17, 2026. The company states this is up 9% year over year.

  5. How much did the company return to stockholders this quarter?

    TD SYNNEX returned $151 million to stockholders during the quarter, consisting of $112 million in share repurchases and $39 million in dividends.

04—Continue

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