FINANCE NOTE

TD Synnex (NYSE: SNX) — Q3 FY2026 Pre Earnings

Operations

As of September 21, 2026
Q2 Revenue ↑ 31% YoY $19.57B
Divisions
Americas Distribution 48.8%
Europe Distribution 30.9%
APJ Distribution 5.2%
Hyve Solutions 15.1%

Key Earnings Driver

Hyve Solutions Americas Distribution revenue increased 27.5% year over year to $9.545B, Europe Distribution increased 29.2% to $6.044B, APJ Distribution increased 28.5% to $1.020B, and Hyve Solutions increased 49.1% to $2.966B. Management stated they delivered a record quarter with broad-based strength across Distribution and Hyve.

Key Operating Metrics¹

METRIC

STATUS

Americas Distribution↑ 27.5%

Europe Distribution↑ 29.2%

Hyve Solutions↑ 49.1%

🟢 Scaling

Key Financial Metrics

Gross Margin 6.84% -0.16 pp YoY
Backlog / Revenue N/A
CapEx Intensity 0.34% 0.00x Revenue

Key Operating Metrics¹: Core operating metrics relevant to revenue, sourced from TD Synnex website and/or SEC filings for Q2, with status based on reported data.