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TD Synnex vs Ingram Micro Holding: SNX and INGM compared
TD Synnex is the larger company: $21.6B of revenue in its latest quarter (Q3 FY26) against $15.2B for Ingram Micro Holding (Q3 2026). TD Synnex is growing faster (+38% against +21% a year earlier). TD Synnex is more profitable, with an operating margin of 3.0% against 1.9%.
Where the money goes: SNX and INGM
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.
Ingram Micro Holding (INGM) · Q3 2026
Ingram Micro Holding, Q3 2026: revenue $15.2B (+21% year over year), operating margin 1.9%, net earnings $131M, operating cash flow $251M. The chart follows the revenue to costs, profit and cash.
| TD Synnex (SNX) | Ingram Micro Holding (INGM) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $21.6B | $15.2B |
| Revenue growth, Y/Y | +38% | +21% |
| Gross margin | 6.6% | 6.5% |
| Operating margin | 3.0% | 1.9% |
| Net earnings | $416M | $131M |
| Net margin | 1.9% | 0.9% |
| Operating cash flow | −$917M | $251M |
| Free cash flow | — | $250M |
| Market value | $17.1B | $5.7B |
| P/E | 13.1× | 12.3× |
| Analysts’ mean target | $339.64 | $32.85 |
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%)
Questions
Which is bigger, TD Synnex or Ingram Micro Holding?
TD Synnex is the larger company: $21.6B of revenue in its latest quarter (Q3 FY26) against $15.2B for Ingram Micro Holding (Q3 2026).
Is TD Synnex or Ingram Micro Holding growing faster?
TD Synnex is growing faster (+38% against +21% a year earlier).
Which is more profitable, TD Synnex or Ingram Micro Holding?
TD Synnex is more profitable, with an operating margin of 3.0% against 1.9%.
More: TD Synnex earnings · how TD Synnex makes money · Ingram Micro Holding earnings · how Ingram Micro Holding makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 1, 2026; 10-Q filed Oct 29, 2026). Fiscal quarters can end on different dates. Not investment advice.