Servers

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

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TD Synnex SNX q3 pre earnings finance note

Operations

Q3 2026
Q3 Revenue ↑ 37.7% YoY $21.56B
Segments
Americas Distribution 47.9%
Europe Distribution 29.5%
APJ Distribution 5.0%
Hyve Solutions 17.6%

Key Earnings Driver

Hyve Solutions Americas Distribution revenue increased 39.9% year over year to $10.319B, Europe Distribution revenue increased 30.2% to $6.366B, APJ Distribution revenue increased 21.7% to $1.071B, and Hyve Solutions revenue increased 51.7% to $3.802B. Management stated they delivered another record quarter, with Distribution and Hyve both performing above our expectations and growing above market.

Key Operating Metrics¹

METRIC

STATUS

Americas Distribution↑ 39.9%

Europe Distribution↑ 30.2%

Hyve Solutions↑ 51.7%

🟢 Scaling

Key Financial Metrics

Gross Margin 6.61% -0.61 pp YoY
Backlog / Revenue N/A
CapEx Intensity 0.27% 0.00x Revenue

Sources: TD SYNNEX Q3 FY2026 Results — Company Website,  TD SYNNEX Q3 FY2026 Supplemental Financial Information — Company Website, TD SYNNEX Q3 FY2026 Form 8-K / Exhibit 99.1 — SEC Filing

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

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

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TD Synnex SNX q3 pre earnings

Operations

Q2 2026
Q2 Revenue ↑ 31.0% YoY $19.57B
Segments
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 revenue increased 29.2% to $6.044B, APJ Distribution revenue increased 28.5% to $1.020B, and Hyve Solutions revenue 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

Sources: TD SYNNEX Q2 FY2026 Earnings Release — Company Website, Q2 FY2026 Form 10-Q — Segment Revenue — SEC Filing

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

Oracle (NYSE: ORCL) — Q1 FY2027 Post Earnings

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Oracle ORCL q1 27 post earnings Finance Note

Operations

Q1 2027
Q1 Revenue ↑ 29.6% YoY $19.35B
Segments
Cloud and Software 88.7%
Hardware 4.0%
Services 7.3%

Key Earnings Driver

Cloud Infrastructure Cloud and Software revenue increased 32.9% year over year, with Cloud revenue increasing 61.5% to $11.6B, while Software revenue declined 3% to $5.5B. Within Cloud, Cloud Applications revenue increased 9.9% to $4.2B and Cloud Infrastructure revenue increased 120.7% to $7.4B. Hardware revenue increased 15.5% to $0.8B, and Services revenue increased 4.8% to $1.4B. Oracle’s Q1 total revenue increase reflected strong execution in its Cloud Infrastructure business, with the delivery of 850MW additional datacenter capacity.

Key Operating Metrics¹

METRIC

STATUS

Cloud and Software↑ 32.9%

Cloud↑ 61.5%

Cloud Infrastructure↑ 120.7%

🟢 Scaling

Cloud Applications↑ 9.9%

Software↓ 3.0%

Software License↓ 14.5%

🟡 Watch

Software Support↓ 1.2%

🟡 Watch

Key Financial Metrics

Gross Margin 60.03% -4.7 pp YoY
Backlog / Revenue 3,431.9% 34.31x Qtr Rev
CapEx Intensity 147.32% 1.47x Revenue

Sources: Oracle Q1 FY2027 Earnings Release — Company Website

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

Oracle (NYSE: ORCL) — Q1 FY2027 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q4 2026
Q4 Revenue ↑ 20.6% YoY $19.18B
Segments
Cloud and Software 87.3%
Hardware 4.8%
Services 7.9%

Key Earnings Driver

Multicloud AI Database Cloud and Software revenue increased 22.1% year over year, with Cloud revenue increasing 47.1% to $9.9B, while Software declined 2.1% to $6.8B. Within Cloud, Cloud Infrastructure revenue increased 93.2% to $5.8B, with management reporting that Multicloud AI Database increased 404% and was its fastest-growing business ever, and Cloud Applications revenue increased 10.3% to $4.1B. Hardware increased 8.7% to $0.9B, and Services increased 13.0% to $1.5B.

Key Operating Metrics¹

METRIC

STATUS

Cloud and Software↑ 22.1%

Cloud↑ 47.1%

Cloud Infrastructure↑ 93.3%

Multicloud AI Database↑ 404.0%

🟢 Scaling

Cloud Applications↑ 10.2%

Software↓ 2.1%

Software License↓ 6.3%

🟡 Watch

Software Support↓ 0.4%

🟡 Watch

Sources: Oracle Q4 FY2026 Earnings Release — Company Website, Oracle Q4 FY2026 Form 10-Q — SEC Filing

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

Mercury Systems (NASDAQ: MRCY) — Q4 FY2026 Post Earnings

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Post earnings note company quarterly analysis

Operations

Q4 2026
Q4 Revenue ↑ 6.1% YoY $289.8M
Segments
Sensor & Effector 50.9%
C4I 37.1%
Other 12.0%

Key Earnings Driver

Other Sensor & Effector Sensor & Effector revenue increased 38.5% to $147.5M. Within Sensor & Effector, Radar revenue increased 13.4%, Electronic Warfare revenue increased 37.9% and Other Sensor & Effector revenue increased 86.1%. C4I revenue declined 15.7% to $107.6M. Other revenue declined 11.2% to $34.6M.

Key Operating Metrics¹

METRIC

STATUS

Sensor & Effector↑ 38.5%

Radar↑ 13.4%

Electronic Warfare↑ 37.9%

Other Sensor & Effector↑ 86.1%

🟢 Scaling

C4I↓ 15.7%

🟡 Watch

Other↓ 11.2%

🟡 Watch

Sources: Mercury Systems Q4 FY2026 Earnings Release — SEC Filing, Mercury Systems Q3 FY2026 Form 10-Q — SEC Filing, Mercury Systems FY2026 Annual Report — SEC Filing

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

Mercury Systems (NASDAQ: MRCY) — Q4 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q3 2026
Q3 Revenue ↑ 11.5% YoY $235.8M
Segments
Sensor & Effector 48.4%
C4I 38.1%
Other 13.5%

Key Earnings Driver

Other Sensor & Effector Sensor & Effector revenue increased 43.8% to $114.2M. Within Sensor & Effector, Radar revenue increased 24.8%, Electronic Warfare revenue increased 40.1% and Other Sensor & Effector revenue increased 78.4%. Management highlighted significant revenue growth across Space, Radar and other sensors and effectors. C4I revenue declined 7.2% to $89.8M.

Key Operating Metrics¹

METRIC

STATUS

Sensor & Effector↑ 43.8%

Radar↑ 24.8%

Electronic Warfare↑ 40.1%

Other Sensor & Effector↑ 78.4%

🟢 Scaling

C4I↓ 7.2%

🟡 Watch

Sources: Mercury Systems Q3 FY2026 Financial Results — Company Website, Mercury Systems March 2026 Investor Presentation — Company Website, Mercury Systems Q3 FY2026 Earnings Presentation — SEC Filing

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

Cisco (NASDAQ: CSCO) — Q4 FY2026 Post Earnings

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Post earnings note company quarterly analysis

Operations

Q4 2026
Q4 Revenue ↑ 17.6% YoY $17.25B
Segments
Networking 56.7%
Security 12.9%
Collaboration 6.8%
Observability 1.6%
Services 22.0%

Key Earnings Driver

AI Infrastructure Networking revenue increased 28.3% year over year to $9.8B. Within Networking, AI infrastructure revenue reached approximately $4B for FY2026, up approximately 300% from $1B, and AI infrastructure orders reached $9.3B. Security revenue increased 14% to $2.23B, Collaboration revenue increased 12% to $1.17B, Observability revenue increased 6.2% to $275M, while Services revenue increased 0.2% to $3.79B.

Key Operating Metrics¹

METRIC

STATUS

Networking↑ 28.3%

AI Infrastructure

🟢 Scaling

Security↑ 14.0%

Services↑ 0.2%

Sources: Cisco Q4 FY2026 and FY2026 Earnings — Company Website

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

Cisco (NASDAQ: CSCO) — Q4 FY2026 Pre Earnings

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Pre earnings note company quarterly analysis

Operations

Q3 2026
Q3 Revenue ↑ 12.0% YoY $15.84B
Segments
Networking 55.6%
Security 12.7%
Collaboration 6.5%
Observability 1.7%
Services 23.5%

Key Earnings Driver

AI Infrastructure Networking revenue increased 24.7% year over year to $8.8B. Within Networking, Cisco reported $5.3B in AI infrastructure orders year to date through Q3 FY2026, with the company expecting FY2026 AI infrastructure orders to reach $9B and AI infrastructure revenue to reach $4B. Security revenue declined 0.2% to $2.0B, Collaboration revenue decreased 0.7% to $1.0B, Observability revenue increased 3.1% to $269M, while Services revenue declined 1.4% to $3.7B.

Key Operating Metrics¹

METRIC

STATUS

Networking↑ 24.7%

AI Infrastructure

🟢 Scaling

Security↓ 0.2%

🟡 Watch

Services↓ 1.4%

🟡 Watch

Sources: Cisco Q3 FY2026 Earnings Release — Company Website, Cisco Q3 FY2026 Revenue Disaggregation — SEC Filing

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