TD SYNNEX Corporation reported significant financial growth in its latest quarterly results, with revenues reaching $19.57 billion for the three months ended May 31, 2026, a 31% increase from $14.95 billion in the same period last year. For the six months, revenue rose to $36.74 billion, up 24.6% from $29.48 billion. The company’s net income also saw a substantial increase, climbing to $334.09 million for the quarter, compared to $184.92 million a year earlier, and $661.00 million for the six-month period, up from $352.46 million. This resulted in diluted earnings per share of $4.15 for the quarter and $8.19 for the six months, reflecting increases of 87.3% and 95.2%, respectively.
The company attributed its revenue growth to strong performance across its Advanced Solutions and Endpoint Solutions distribution portfolios, as well as growth in its Hyve Solutions segment. Notably, the Americas distribution segment reported a 27.5% increase in revenue for the quarter, while Europe and APJ distribution segments also experienced significant growth. However, the overall revenue growth was slightly tempered by a shift towards net revenue presentation due to product mix, which negatively impacted growth by approximately 2% and 4% for the quarter and six months, respectively.
In terms of operational metrics, TD SYNNEX reported an increase in accounts receivable, which rose to $13.00 billion from $11.71 billion, and inventories increased significantly to $13.89 billion from $9.50 billion. The company’s cash and cash equivalents decreased to $1.09 billion from $2.44 billion, reflecting increased working capital needs. The cash conversion cycle increased to 24 days, up from 16 days at the end of the previous fiscal period, primarily due to higher inventory levels to support business growth.
Strategically, TD SYNNEX has been active in expanding its market presence and capabilities. The company revised its reportable segments to better align with its operational structure, now comprising three geographic distribution segments and a Hyve Solutions segment. Additionally, the company has been pursuing acquisitions to enhance its service offerings and geographic reach. As of May 31, 2026, TD SYNNEX had $1.0 billion available for future share repurchases under its $2.0 billion share repurchase program, which reflects its commitment to returning value to shareholders.
Looking ahead, TD SYNNEX remains optimistic about its growth trajectory, driven by ongoing digital transformation trends and increased demand for integrated technology solutions. The company plans to continue leveraging its broad portfolio and strategic partnerships to capture market opportunities, while managing its operational costs and maintaining compliance with financial covenants across its credit facilities.
About TD SYNNEX CORP
TD SYNNEX is a global distributor and solutions aggregator in the IT industry, offering hardware, software, and systems across multiple segments including endpoint and data center solutions. Serving resellers, retailers, and enterprise customers worldwide, it provides supply chain management, design, integration, logistics, and cloud services. Its value lies in connecting vendors with diverse markets, supporting digital transformation, and delivering comprehensive IT solutions.
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