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TD Synnex (SNX) earnings and revenue breakdown

Latest: Q3 FY26 · 10-Q filed Oct 1, 2026 · TD Synnex (SNX) Q3 FY26 earnings results →

Q3 FY26 Revenue up 38% year over year to $21.6B · 2¢ of every $1 of revenue kept as net profit · operating margin 3.0%

TD Synnex made $21.6B in Q3 FY26 (+38% Y/Y): Americas distribution $10.3B, Europe distribution $6.4B, Hyve Solutions $3.8B. Operating margin 3.0%, net earnings $416M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 1, 2026.

Revenue$21.6B

Year over year+38%

Operating margin3.0%

Net earnings$416M

Operating cash flow−$917M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $21.6B in Q3 FY26, up 38% year over year and up 10% from the previous quarter. Americas distribution was the largest line at 48% of revenue. Americas distribution added $2.9B year over year (up 40%), 50% of the total change.

Gross margin was 6.6%, down 0.6 points from Q3 FY25. Operating profit was $0.64B, a 3.0% margin (up 0.5 points year over year). Of the extra revenue versus Q3 FY25, 4% reached operating profit, above the 2% margin then. Operating expenses grew 5% against revenue growth of 38%. Net earnings were $0.42B, up 84% year over year. The effective tax rate was 25.0%.

Operating cash flow was −$0.92B. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $1.5B. Capital expenditures of $0.06B exceeded it, leaving free cash flow of −$1.0B.

Quarterly history

Quarter	Form	Filed	Revenue	Y/Y	Op. margin	Net earnings	Op. cash flow
Q3 FY26	10-Q	Oct 1, 2026	$21.6B	+38%	3.0%	$416M	−$917M
Q2 FY26	10-Q	Jul 2, 2026	$19.6B	+31%	2.7%	$334M	−$266M
Q1 FY26	10-Q	Apr 2, 2026	$17.2B	+18%	2.9%	$327M	−$896M
Q4 FY25	10-K	Jan 27, 2026	$17.4B	+10%	2.3%	$248M	$1.5B
Q3 FY25	10-Q	Oct 1, 2025	$15.7B	+7%	2.5%	$227M	$246M
Q2 FY25	10-Q	Jul 2, 2025	$14.9B	+7%	2.2%	$185M	$573M
Q4 FY24	10-K	Jan 24, 2025	$15.8B	+10%	2.0%	$195M	$562M

Charts

Latest (Q3 FY26): Y/Y +38%, Q/Q +10%.

From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.

Latest (Q3 FY26): Net income $416M, Operating cash flow −$917M.

+60.9% since FY20: more shares outstanding (issuance, stock pay).

Cash $2.4B, short-term investments —, long-term debt — at 2025-11-30.

Wholesale-Computers & Peripheral Equipment & Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Sells to

CNXN — 25% of its revenue · Stated in 10-K (sentence) · source
NSIT — 12% of its revenue · Stated in 10-K (sentence) · source
CDW · Stated in 10-K (named, share not stated) · source

Buys from

EXTR — 15% of the supplier’s revenue · Stated in 10-K (XBRL) · source
ADSK — 14% of the supplier’s revenue · Stated in 10-K (sentence) · source
LOGI — 12% of the supplier’s revenue · Stated in 10-K (sentence) · source
AAPL · Stated in 10-K (share of revenue from its products) · source
VISN · Stated in 10-K (10% or more of revenue) · source
HPQ · Stated in 10-K (receivables) · source

About TD Synnex

We are a Fortune 100 corporation and a leading global distributor and solutions aggregator for the information technology ("IT") ecosystem. We serve a critical role, bringing products from the world's leading and emerging technology vendors to market, and helping our customers create solutions best suited to maximize business outcomes for their end-user customers. We aggregate and distribute IT hardware, software, and systems including personal computing devices and peripherals, mobile phones and accessories, printers, server and datacenter infrastructure, hybrid cloud, security, networking, communications and storage solutions, and system components. We also design and deliver purpose-built server, storage and networking solutions for the hyperscale computing infrastructure market.

In its own words, from its 10-K, filed Jan 27, 2026.

TD Synnex against its Wholesale-Computers & Peripheral Equipment & Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +38% against the peers' median +30%. Operating margin: 3.0% against the peers' median 4.5%.

Company	Quarter	Revenue	Y/Y	Op. margin
SNX TD Synnex	Q3 FY26	$21.6B	+38%	3.0%
INGM Ingram Micro Holding	Q3 2026	$15.2B	+21%	1.9%
SCSC Scansource	Q1 FY27	$962M	+30%	1.3%
CNXN PC Connection	Q3 2026	$874M	+23%	4.7%
PLUS Eplus	Q2 FY27	$668M	+10%	8.5%
CLMB Climb Global Solutions	Q3 2026	$220M	+36%	4.5%

Source: TD Synnex 10-Q on SEC EDGAR · CIK 1177394 · Wholesale-Computers & Peripheral Equipment & Software

Guidance and outlook

Met or beat 7 of 7 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.

8 statements; tone +0.25 (−1 all cautious, +1 all confident); 1 hedged.

13F: who owns SNX and who is buying

Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on SNX

History

Every quarter: Q3 FY26 results · Q2 FY26 results · Q1 FY26 results · Q4 FY25 results · Q3 FY25 results · Q2 FY25 results · Q4 FY24 results

Compare SNX with

中文版：TD Synnex（SNX）财报

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