Filing Flows › TD Synnex (SNX) › Q2 FY26
TD Synnex (SNX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Jul 2, 2026
TD Synnex (SNX) reported revenue of $19.6B for the second quarter fiscal 2026 (Q2 FY26), +31% from a year earlier and +14% from the quarter before. Operating margin was 2.7%, net earnings $334M (1.7% of revenue).
TD Synnex, Q2 FY26: revenue $19.6B (+31% year over year), operating margin 2.7%, net earnings $334M, operating cash flow −$266M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.6B | +14% | +31% |
| Gross profit | $1.3B | +7% | +28% |
| Operating profit | $519M | +6% | +58% |
| Net earnings | $334M | +2% | +81% |
| Operating cash flow | −$266M | — | -146% |
What changed
Revenue was $19.6B in Q2 FY26, up 31% year over year and up 14% from the previous quarter. Americas distribution was the largest line at 49% of revenue. Americas distribution added $2.1B year over year (up 27%), 44% of the total change.
Gross margin was 6.8%, down 0.2 points from Q2 FY25. Operating profit was $0.52B, a 2.7% margin (up 0.5 points year over year). Of the extra revenue versus Q2 FY25, 4% reached operating profit, above the 2% margin then. Operating expenses grew 14% against revenue growth of 31%. Net earnings were $0.33B, up 81% year over year. The effective tax rate was 22.3%.
Operating cash flow was −$0.27B. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.72B. Capital expenditures of $0.07B exceeded it, leaving free cash flow of −$0.33B.
Questions
What was TD Synnex's revenue in the second quarter fiscal 2026?
TD Synnex (SNX) reported revenue of $19.6B for the second quarter fiscal 2026 (Q2 FY26), +31% from a year earlier and +14% from the quarter before.
Was TD Synnex profitable in the second quarter fiscal 2026?
Operating profit was $519M (2.7% of revenue) and net earnings $334M.
Source: TD Synnex 10-Q on SEC EDGAR.