Filing Flows › TD Synnex (SNX) › Q3 FY26
TD Synnex (SNX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Oct 1, 2026
TD Synnex (SNX) reported revenue of $21.6B for the third quarter fiscal 2026 (Q3 FY26), +38% from a year earlier and +10% from the quarter before. Operating margin was 3.0%, net earnings $416M (1.9% of revenue).
TD Synnex, Q3 FY26: revenue $21.6B (+38% year over year), operating margin 3.0%, net earnings $416M, operating cash flow −$917M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $21.6B | +10% | +38% |
| Gross profit | $1.4B | +6% | +26% |
| Operating profit | $643M | +24% | +68% |
| Net earnings | $416M | +25% | +84% |
| Operating cash flow | −$917M | — | -472% |
What changed
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.
Questions
What was TD Synnex's revenue in the third quarter fiscal 2026?
TD Synnex (SNX) reported revenue of $21.6B for the third quarter fiscal 2026 (Q3 FY26), +38% from a year earlier and +10% from the quarter before.
Was TD Synnex profitable in the third quarter fiscal 2026?
Operating profit was $643M (3.0% of revenue) and net earnings $416M.
Source: TD Synnex 10-Q on SEC EDGAR.