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TD Synnex 8-K Report, Financial Results (Sep 24, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed September 24, 2026
Period End
September 24, 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 · Sep ’17Sep ’17
  2. Leadership change8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Sep ’21Sep ’21
  4. Material agreement8-K · Oct ’25Oct ’25

01—Abstract

Summary

Summary of the 8-K filed September 24, 2026. Cited figures are marked; the original filing is the authoritative source.

TD SYNNEX Corporation (NYSE: SNX) furnished an 8-K on September 24, 2026 containing its press release for the fiscal third quarter ended August 31, 2026, which the company described as a record quarter.

Revenue was $21.56 billiona, up 37.7% year over year (38.4% in constant currency), and non-GAAP gross billings were $31.83 billion, up 40.0%. GAAP operating income was $643 million (up 67.6%) and GAAP diluted EPS was $5.18 (up 89.1%). Non-GAAP diluted EPS was $5.68, up 58.7% from $3.58.

Management said Distribution and Hyve both performed above expectations, and both revenue and non-GAAP EPS came in above the high end of the company's outlook. Cash flow was weak in the quarter. Operating cash flow was negative $916.7 millionb, and free cash flow was negative $975.6 million, as accounts receivable and inventories rose sharply.

Inventories reached $15.29 billionc at August 31, 2026, versus $9.50 billion at November 30, 2025, and accounts receivable reached $14.95 billion, versus $11.71 billion. Cash and equivalents fell to $749 million, and revolving credit borrowings rose by a net $1.50 billion in the quarter.

For the fourth quarter of fiscal 2026, the company guided to revenue of $21.8 to $22.6 billiond, non-GAAP gross billings of $31.4 to $32.4 billion, and non-GAAP diluted EPS of $5.65 to $6.15. The Board declared a quarterly cash dividend of $0.48 per common share, up 9% year over year, payable October 30, 2026 to holders of record on October 16, 2026.

02—Key points

Key Highlights

  1. Revenue of $21.56 billion rose 37.7% year over year (38.4% in constant currency) and came in above the high end of the company's outlook.
  2. Non-GAAP gross billings of $31.83 billion rose 40.0% year over year, and GAAP operating income of $643 million rose 67.6%.
  3. GAAP diluted EPS was $5.18, up 89.1%; non-GAAP diluted EPS was $5.68, up 58.7% and above the high end of outlook.
  4. Operating cash flow was negative $916.7 million for the quarter, and free cash flow was negative $975.6 million, driven by higher inventories ($15.29 billion vs. $9.50 billion at fiscal year-end) and receivables.
  5. Cash and equivalents declined to $749 million, while net revolving borrowings rose $1.50 billion in the quarter.
  6. Returned $139 million to stockholders in the quarter, including about $100 million of share repurchases and $38 million of dividends.
  7. Fiscal Q4 2026 outlook calls for revenue of $21.8 to $22.6 billion and non-GAAP diluted EPS of $5.65 to $6.15; the Board declared a $0.48 quarterly dividend.

03—Questions

Frequently Asked Questions

  1. How did TD SYNNEX perform in its fiscal third quarter ended August 31, 2026?

    Revenue was $21.56 billion, up 37.7% year over year, and GAAP diluted EPS was $5.18, up 89.1%. Non-GAAP diluted EPS was $5.68, up 58.7%. The company said Distribution and Hyve both performed above its expectations and grew above market.

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

    The filing's cash flow statement shows large increases in accounts receivable ($1.99 billion outflow in the quarter) and inventories ($1.42 billion outflow), partly offset by a $1.31 billion increase in accounts payable. Net cash used in operating activities was $916.7 million, and free cash flow was negative $975.6 million.

  3. What is the outlook for the fourth quarter of fiscal 2026?

    The company expects revenue of $21.8 to $22.6 billion, non-GAAP gross billings of $31.4 to $32.4 billion, net income of $368 to $408 million, and non-GAAP diluted EPS of $5.65 to $6.15, based on an estimated 79.2 million diluted weighted average shares.

  4. What dividend did the company declare?

    The Board declared a quarterly cash dividend of $0.48 per common share, up 9% year over year. It is payable October 30, 2026 to stockholders of record as of the close of business on October 16, 2026.

  5. What are the main risks flagged in the filing?

    The safe harbor statement lists risks including weakness in IT spending, customer buying patterns and concentration, supplier relationships and terms, competitive margin pressure, foreign currency and interest rate changes, tariffs and trade policy, supply shortages, and reductions in supplier finance programs. It also cites the unfavorable outcome of legal proceedings and credit exposure to reseller customers.

04—Continue

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