TD Synnex Q3 adjusted EPS eases past estimates on strong Distribution and Hyve performance

TD SYNNEX

24/09/2026 12:10

Overview
Global IT distributor's fiscal Q3 revenue rose 38%, beating analyst expectations
Adjusted EPS for fiscal Q3 beat consensus, driven by strong Distribution and Hyve performance
Company returned $139 mln to shareholders via repurchases and raised dividend by 9%

Outlook
TD SYNNEX sees Q4 2026 revenue between $21.8 bln and $22.6 bln
Company expects Q4 2026 non-GAAP diluted EPS of $5.65 to $6.15
TD SYNNEX says enterprise AI adoption and data center modernization expected to drive future demand

Result Drivers
DISTRIBUTION & HYVE - Co said both Distribution and Hyve businesses performed above expectations and grew faster than the market
ENTERPRISE AI ADOPTION - Co said broader production deployments of enterprise AI are underway, supporting growth opportunities in Distribution and Hyve
DATA CENTER MODERNIZATION - Co said organizations are prioritizing data center modernization to prepare for next-generation infrastructure, which contributed to Q3 results

Company press release: ID:nBw390WcTa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$21.56 bln
$18.86 bln (10 Analysts)
Q3 Adjusted EPS
Beat
$5.68
$4.63 (11 Analysts)
Q3 EPS
 
$5.18
 
Q3 Adjusted Net Income
Beat
$456 mln
$358.82 mln (8 Analysts)
Q3 Net Income
 
$416 mln
 
Q3 Adjusted Operating Income
Beat
$736 mln
$580.46 mln (9 Analysts)
Q3 Operating Income
 
$643 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 Corporation is $330.00, about 14.6% above its September 23 closing price of $287.89
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

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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.)