TD SYNNEX Corp Achieves Record Q1 Results

By Chris Stiles • Tuesday, March 31 10:59 • Permanent Link

TD SYNNEX posted a record first quarter for fiscal 2026, with revenue rising 18.1% from a year earlier to $17.16 billion from $14.53 billion.

Gross profit increased 25.5% to $1.25 billion from $998 million, while gross margin improved to 7.30% from 6.87%, a gain of 43 basis points.

Operating income jumped 60.7% to $489 million from $304 million, and operating margin widened to 2.85% from 2.10%, up 75 basis points.

Net income nearly doubled to $327 million from $168 million, and diluted EPS climbed to $4.04 from $1.98, an increase of 104.0%.

On a non-GAAP basis, gross billings rose 24.4% to $25.78 billion from $20.72 billion. Non-GAAP operating income advanced 47.8% to $590 million from $399 million, with operating margin improving to 3.44% from 2.74%.

Non-GAAP net income increased 61.2% to $383 million from $237 million, and non-GAAP diluted EPS rose 68.9% to $4.73 from $2.80.

The company returned $118 million to stockholders during the quarter, including about $80 million in share repurchases and $39 million in dividends. It also raised its quarterly cash dividend 9% year over year to $0.48 per share.

For the second quarter, TD SYNNEX forecast revenue of $16.1 billion to $16.9 billion, non-GAAP gross billings of $24.6 billion to $25.6 billion, diluted EPS of $2.90 to $3.40, and non-GAAP diluted EPS of $3.75 to $4.25. Today the company's shares have moved -2.52% to a price of $159.64. For more information, read the company's full 8-K submission here.

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