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TD Synnex Corp
F:SUX

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TD Synnex Corp
F:SUX
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Price: 157 EUR 8.28% Market Closed
Market Cap: €13.3B

TD Synnex Corp
Investor Relations

In the rapidly evolving landscape of technology distribution, TD Synnex Corp. stands as a formidable player, skillfully navigating the complexities of the global supply chain. Born from the merger of Tech Data and Synnex, the company operates at the confluence of technology, marketing, and services, providing an extensive range of IT solutions to a diverse clientele that includes resellers, system integrators, and service providers. With a presence in over 100 countries and an expansive portfolio of products spanning data center to cloud, and beyond, TD Synnex leverages its vast network to bridge the gap between technology manufacturers and end-users, ensuring efficient distribution and seamless integration of cutting-edge innovations.

Central to TD Synnex's business model is its ability to generate value through robust vendor-partner relationships and a sophisticated logistics infrastructure. By procuring technology products from leading manufacturers, the company aggregates offerings into comprehensive solutions that address specific business needs. These solutions are then distributed to their clients, who in turn deliver them to the final consumers. This intricate process not only involves selling hardware and software but also providing ancillary services like consultancy, training, and support. By monetizing through these multifaceted interactions, TD Synnex ensures a steady stream of revenue, while fostering growth and innovation within the technology ecosystem.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Mar 31, 2026
AI Summary
Q1 2026

Record quarter: TD SYNNEX said first-quarter fiscal 2026 non-GAAP gross billings of $25.8 billion and non-GAAP EPS of $4.73 were both record highs and above the top end of guidance.

Broad strength: Distribution and Hyve both outperformed, with distribution led by PCs, infrastructure, security and software, while Hyve benefited from strong cloud and AI data center demand.

Pricing backdrop: Management said price increases from memory and CPU costs are working through the channel, but they have not seen meaningful demand destruction yet.

Hyve momentum: Hyve won 2 new hyperscale customers in 2026 and now has at least 1 program with each of the top 5 U.S.-based hyperscalers, though the ramp will take time.

Q2 outlook: The company guided to second-quarter non-GAAP gross billings of about $25.1 billion and non-GAAP EPS of about $4, while staying cautiously optimistic on the back half of the year.

Key Financials
Non-GAAP gross billings
$25.8 billion
Non-GAAP operating income
$590 million
Non-GAAP EPS
$4.73
GAAP operating income
$489 million
GAAP EPS
$4.04
Distribution gross billings
$22 billion
Distribution operating income
$431 million
Distribution operating margin
2%
Hyve gross billings
$3.8 billion
Hyve operating income
$159 million
Hyve operating margin
4.2%
Free cash flow usage
approximately $929 million
Free cash flow
$1.2 billion
Cash returned to shareholders
$723 million
Shareholder returns in quarter
$118 million
Net working capital
$4.2 billion
Gross cash conversion cycle
16 days
Cash and cash equivalents
$1.6 billion
Leverage ratio
1.5x
Dividend
$0.48 per common share
Second-quarter revenue
approximately $16.5 billion, plus or minus $400 million
Second-quarter non-GAAP net income
approximately $322 million, plus or minus $20 million
Second-quarter diluted shares
approximately 79.8 million
Other Earnings Calls

Management

Mr. Patrick Zammit
CEO, President & Director
No Bio Available
Mr. Marshall W. Witt CPA
Chief Financial Officer
No Bio Available
Mr. Dennis J. Polk
Hyve Solutions Executive & Executive Director
No Bio Available
Mr. John Henry
Senior VP & Chief Accounting Officer
No Bio Available
Mr. Sergio Farache
Chief Strategy and Technology Officer
No Bio Available
Ms. Bonnie K. Smith
Chief Information Officer
No Bio Available
David Jordan
CFO of the Americas & Head of Investor Relations
No Bio Available
Mr. David R. Vetter J.D.
Chief Legal Officer & Corporate Secretary
No Bio Available
Mr. Alim Dhanji
Chief Human Resources Officer
No Bio Available
Mr. Peter Larocque
President of North America Technology Solutions
No Bio Available

Contacts

Address
CALIFORNIA
Fremont
44201 Nobel Dr
Contacts
+15106563333.0
www.synnexcorp.com
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