TD SYNNEX Reports Record Q2 Results, Beats Estimates by ~17% on Revenue & EPS, Raises Dividend
SNX has more than doubled off its 52-week low of $128.01.
Summary
TD SYNNEX announced record second-quarter fiscal 2026 results, significantly exceeding revenue and EPS outlooks, and increased its quarterly cash dividend.
Key Events · Earnings and Guidance · SNX
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Record Q2 Financial Performance
Revenue reached $19.6 billion, an increase of 31.0% year over year, significantly above the high end of the company's outlook and analyst estimates. Non-GAAP diluted EPS was $4.85, up 62.2% year over year, also significantly exceeding expectations.
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Increased Shareholder Returns
The company returned $151 million to stockholders during the quarter, comprising $112 million in share repurchases and $39 million in dividends.
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Quarterly Dividend Increase
TD SYNNEX declared a quarterly cash dividend of $0.48 per common share, representing a 9% increase year over year.
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Solid Q3 Outlook Provided
For the fiscal third quarter of 2026, the company expects revenue between $18.2 billion and $19.0 billion, and Non-GAAP diluted EPS between $4.25 and $4.75.
Analysis · SNX · Trade & Services
TD SYNNEX delivered exceptionally strong second-quarter results, significantly surpassing market expectations for both revenue and earnings. This performance, coupled with continued shareholder returns through dividends and share repurchases, demonstrates robust operational execution and financial health. The positive momentum is expected to continue into the third quarter with a solid outlook, reinforcing investor confidence, especially as the stock trades near its 52-week high.
At the time of this filing, SNX was trading at $293.00 on NYSE in the Trade & Services sector, with a market capitalization of approximately $22.8B. The 52-week trading range was $128.01 to $296.47. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.