Filing Flows › Comparisons › SNX vs CNXN
TD Synnex vs PC Connection: SNX and CNXN compared
TD Synnex is the larger company: $21.6B of revenue in its latest quarter (Q3 FY26) against $874M for PC Connection (Q3 2026). TD Synnex is growing faster (+38% against +23% a year earlier). PC Connection is more profitable, with an operating margin of 4.7% against 3.0%.
Where the money goes: SNX and CNXN
TD Synnex (SNX) · Q3 FY26
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.
PC Connection (CNXN) · Q3 2026
PC Connection, Q3 2026: revenue $874M (+23% year over year), operating margin 4.7%, net earnings $31.5M, operating cash flow $9.7M. The chart follows the revenue to costs, profit and cash.
| TD Synnex (SNX) | PC Connection (CNXN) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $21.6B | $874M |
| Revenue growth, Y/Y | +38% | +23% |
| Gross margin | 6.6% | 18.5% |
| Operating margin | 3.0% | 4.7% |
| Net earnings | $416M | $31.5M |
| Net margin | 1.9% | 3.6% |
| Operating cash flow | −$917M | $9.7M |
| Free cash flow | — | $7.6M |
| Market value | $17.1B | $2.0B |
| P/E | 13.1× | 19.5× |
| Analysts’ mean target | $339.64 | $91.00 |
Where the revenue comes from
TD Synnex
- Americas distribution: $10.3B (48%)
- Europe distribution: $6.4B (30%)
- Hyve Solutions: $3.8B (18%)
- APJ distribution: $1.1B (5%)
PC Connection
- Notebooks/Mobility: $283M (32%)
- Desktops: $121M (14%)
- Software: $117M (13%)
- Accessories: $86.0M (10%)
Questions
Which is bigger, TD Synnex or PC Connection?
TD Synnex is the larger company: $21.6B of revenue in its latest quarter (Q3 FY26) against $874M for PC Connection (Q3 2026).
Is TD Synnex or PC Connection growing faster?
TD Synnex is growing faster (+38% against +23% a year earlier).
Which is more profitable, TD Synnex or PC Connection?
PC Connection is more profitable, with an operating margin of 4.7% against 3.0%.
More: TD Synnex earnings · how TD Synnex makes money · PC Connection earnings · how PC Connection makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 1, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.