Filing Flows › TD Synnex (SNX) › Q3 FY26 › vs Q3 FY25
TD Synnex (SNX) Q3 FY26 vs Q3 FY25 (year over year)
TD Synnex's revenue rose $5.9B (+38%) from $15.7B in Q3 FY25 to $21.6B in Q3 FY26. The biggest changes: Americas distribution +$2.9B (+40%); Europe distribution +$1.5B (+30%); Hyve Solutions +$1.3B (+52%). Gross margin 6.6% against 7.2% (-0.6 pts).
TD Synnex, Q3 FY26: revenue $21.6B (+38% year over year), operating margin 3.0%, net earnings $416M, operating cash flow −$917M. The chart draws each line against Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Gross margin | 6.6% | 7.2% | -0.6 pts |
| Operating margin | 3.0% | 2.5% | +0.5 pts |
| Net margin | 1.9% | 1.4% | +0.5 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Americas distribution | $10.3B | $7.4B | $2.9B | +40% |
| Europe distribution | $6.4B | $4.9B | $1.5B | +30% |
| Hyve Solutions | $3.8B | $2.5B | $1.3B | +52% |
| APJ distribution | $1.1B | $880M | $191M | +22% |
| Revenue | $21.6B | $15.7B | $5.9B | +38% |
| Gross profit | $1.4B | $1.1B | $296M | +26% |
| Cost of revenue | $20.1B | $14.5B | $5.6B | +39% |
| Operating profit | $643M | $384M | $259M | +68% |
| Operating expenses | $783M | $746M | $36.3M | +5% |
| Pre-tax earnings | $555M | $293M | $262M | +89% |
| Other expense, net | $87.6M | $90.4M | −$2.8M | -3% |
| Net earnings | $416M | $227M | $189M | +84% |
| Income tax | $139M | $66.5M | $72.5M | +109% |
| Operating cash sources | $1.5B | $98.9M | $1.4B | 15× |
| Depreciation & amortization | $106M | $106M | $406K | +0.4% |
| Share-based compensation | $16.3M | $12.4M | $3.8M | +31% |
| Cash used in operations | $917M | −$246M | $1.2B | — |
| Working capital & other | $1.5B | $98.9M | $1.4B | 15× |
Questions
How much did TD Synnex's revenue grow year over year in Q3 FY26?
TD Synnex's revenue rose $5.9B (+38%) from $15.7B in Q3 FY25 to $21.6B in Q3 FY26.
What drove TD Synnex's revenue change in Q3 FY26?
Americas distribution +$2.9B (+40%); Europe distribution +$1.5B (+30%); Hyve Solutions +$1.3B (+52%).