SNX

EX-99.1

2 ex991-fy26q3pressrelease.htm

EX-99.1

Document

Exhibit 99.1

TD SYNNEX Reports Record Fiscal 2026 Third Quarter Results

•Revenue of $21.6 billion, an increase of 37.7% year over year, 38.4% in constant currency(1), and above the high end of our outlook.

•Non-GAAP gross billings(1) of $31.8 billion, an increase of 40.0% year over year, 40.5% in constant currency(1), and above the high end of our outlook.

•Operating income of $643 million and non-GAAP operating income(1) of $736 million, an increase of 67.6% and 55.1% year-over-year, respectively. Operating margin of 2.98% and non-GAAP operating margin(1) of 3.42%, an increase of 53 and 39 basis points year-over-year, respectively.

•Diluted earnings per share (“EPS”) of $5.18, and non-GAAP diluted EPS(1) of $5.68, an increase of 58.7% year over year and above the high end of our outlook.

•Returned $139 million to stockholders in the form of approximately $100 million of share repurchases and $38 million in dividends.

•Announced a quarterly cash dividend of $0.48 per common share, up 9% year over year.

"We delivered another record quarter, with Distribution and Hyve both performing above our expectations and growing above market," said Patrick Zammit, CEO of TD SYNNEX. “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. We believe these trends expand our opportunities across Distribution and Hyve and support our confidence in our long-term growth potential.”

CLEARWATER, FL and FREMONT, CA, September 24, 2026 – TD SYNNEX (NYSE: SNX) today announced financial results for the fiscal third quarter ended August 31, 2026.

Consolidated Financial Highlights for the Fiscal 2026 Third Quarter

GAAP

($ in millions, except earnings per share)

Q3 FY26Q3 FY25Net Change from Q3 FY25

Revenue$21,558 $15,651 37.7 %

Gross profit$1,425 $1,130 26.2 %

Gross margin6.61 %7.22 %(61) bps

Operating income$643 $384 67.6 %

Operating margin2.98 %2.45 %53 bps

Net income$416 $227 83.5 %

Diluted EPS$5.18 $2.74 89.1 %

Non-GAAP

($ in millions, except earnings per share)

Q3 FY26Q3 FY25Net Change from Q3 FY25

Gross billings(1) $31,828 $22,731 40.0 %

Gross to net %(1) (32.3)%(31.1)%(120) bps

Revenue$21,558 $15,651 37.7 %

Gross profit$1,425 $1,130 26.2 %

Gross margin6.61 %7.22 %(61) bps

Operating income(1) $736 $475 55.1 %

Operating margin(1) 3.42 %3.03 %39 bps

Net income(1) $456 $296 53.9 %

Diluted EPS(1) $5.68 $3.58 58.7 %

Fiscal 2026 Fourth Quarter Outlook

The following statements are based on TD SYNNEX’s current expectations for the fiscal 2026 fourth quarter. These statements are forward-looking and actual results may differ materially. Non-GAAP gross billings(1) include the impact of costs incurred and netted against revenue related to sales of third-party supplier service contracts, software as a service arrangements and certain fulfillment contracts, and the remaining non-GAAP financial measures exclude the impact of amortization of intangible assets, share-based compensation and the related tax effects thereon.

Q4 2026 Outlook

Revenue $21.8 - $22.6 billion

Non-GAAP gross billings(1)

$31.4 - $32.4 billion

Net income $368 - $408 million

Non-GAAP net income(1)

$454 - $494 million

Diluted earnings per share $4.58 - $5.08

Non-GAAP diluted earnings per share(1)

$5.65 - $6.15

Estimated outstanding diluted weighted average shares 79.2 million

Dividend

TD SYNNEX announced today that its Board of Directors declared a quarterly cash dividend of $0.48 per common share. The dividend is payable on October 30, 2026 to stockholders of record as of the close of business on October 16, 2026.

Conference Call and Webcast

TD SYNNEX will host a conference call today to discuss the 2026 fiscal third quarter results at 6:00 AM (PT)/9:00 AM (ET).

A live audio webcast of the earnings call will be accessible at ir.tdsynnex.com and a replay of the webcast will be available following the call.

About TD SYNNEX

TD SYNNEX (NYSE: SNX) is a leading global distributor, solutions aggregator, and original design and contract manufacturer that plays a central role in connecting the information technology (“IT”) ecosystem. We support more than 150,000 customers across over 100 countries with a comprehensive edge‑to‑cloud portfolio spanning cybersecurity, analytics, artificial intelligence, mobility, and Everything‑as‑a‑Service. We are a Fortune 100 company that helps partners maximize the value of technology investments and achieve measurable business outcomes through our global reach, expertise, and enablement capabilities. Headquartered in Clearwater, Florida and Fremont, California, the Company's distribution business brings together a broad portfolio of IT hardware, software, and systems, providing access to products

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