TD Synnex Q2 revenue beats on strength in Distribution, Hyve segments

TD Synnex

25/06/2026 12:13

Overview
IT distributor's fiscal Q2 revenue rose 31% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q2 rose 62% yr/yr, beating analyst expectations
Company raised quarterly dividend by 9% and returned $151 mln to shareholders

Outlook
TD SYNNEX sees Q3 revenue between $18.2 bln and $19.0 bln
Company expects Q3 non-GAAP gross billings of $27.2 bln to $28.2 bln
TD SYNNEX forecasts Q3 non-GAAP diluted EPS of $4.25 to $4.75

Result Drivers
BROAD-BASED GROWTH - Co said results were driven by strength across Distribution and Hyve businesses
STRATEGY EXECUTION - Management cited consistent execution of its strategy as supporting results

Company press release: ID:nBw5lKqTLa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$19.58 bln
$16.80 bln (9 Analysts)
Q2 Adjusted EPS
Beat
$4.85
$4.14 (11 Analysts)
Q2 EPS
 
$4.15
 
Q2 Adjusted Net Income
Beat
$390 mln
$328.48 mln (8 Analysts)
Q2 Net Income
 
$334 mln
 
Q2 Adjusted Operating Income
Beat
$615 mln
$519.95 mln (9 Analysts)
Q2 Operating Income
 
$519 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the computer hardware peer group is "buy"
Wall Street's median 12-month price target for TD Synnex Corp is $300.00, about 5.9% above its June 24 closing price of $283.22
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 10 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)