Filing Flows › TD Synnex (SNX) › Q1 FY26
TD Synnex (SNX) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Apr 2, 2026
TD Synnex (SNX) reported revenue of $17.2B for the first quarter fiscal 2026 (Q1 FY26), +18% from a year earlier and -1% from the quarter before. Operating margin was 2.9%, net earnings $327M (1.9% of revenue).
TD Synnex, Q1 FY26: revenue $17.2B (+18% year over year), operating margin 2.9%, net earnings $327M, operating cash flow −$896M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $17.2B | -1% | +18% |
| Gross profit | $1.3B | +5% | +25% |
| Operating profit | $489M | +23% | +61% |
| Net earnings | $327M | +32% | +95% |
| Operating cash flow | −$896M | -161% | — |
What changed
Revenue was $17.2B in Q1 FY26, up 18% year over year and down 1% from the previous quarter. Americas distribution was the largest line at 45% of revenue. Europe distribution added $1.3B year over year (up 26%), 49% of the total change.
Gross margin was 7.3%, up 0.4 points from a year earlier. Operating profit was $0.49B, a 2.9% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 7% reached operating profit, above the 2% margin then. Operating expenses grew 10% against revenue growth of 18%. Net earnings were $0.33B, up 95% year over year. The effective tax rate was 22.6%.
Operating cash flow was −$0.90B. Non-cash charges added back $0.10B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $1.4B. Capital expenditures of $0.03B exceeded it, leaving free cash flow of −$0.93B.
Questions
What was TD Synnex's revenue in the first quarter fiscal 2026?
TD Synnex (SNX) reported revenue of $17.2B for the first quarter fiscal 2026 (Q1 FY26), +18% from a year earlier and -1% from the quarter before.
Was TD Synnex profitable in the first quarter fiscal 2026?
Operating profit was $489M (2.9% of revenue) and net earnings $327M.
Source: TD Synnex 10-Q on SEC EDGAR.