TD SYNNEX (SNX) is trading higher as the market continues to digest the company’s fiscal first-quarter 2026 earnings (reported March 31, 2026) and the improved forward setup implied by management’s outlook and capital-return actions. The move looks like continued follow-through buying after investors focused on stronger profitability, a sharp year-over-year EPS jump, and evidence of momentum across both Distribution and Hyve.

In the March 31 release, TD SYNNEX reported fiscal Q1 2026 revenue of $17.161 billion (+18.1% year over year) and diluted EPS of $4.04, while non-GAAP diluted EPS rose to $4.73 (+68.9% year over year). The company also highlighted $118 million returned to shareholders in the quarter (about $80 million in repurchases and $39 million in dividends) and announced a quarterly cash dividend of $0.48 per share, up 9% year over year. Those concrete shareholder-return signals, paired with the quarter’s above-outlook performance, are supporting a fresh round of buying interest.

Investors have been paying particular attention to the mix shift toward higher-value solutions and infrastructure demand, with the company pointing to strong performance across both Distribution and Hyve. With enterprise and data-center spending tied to AI infrastructure staying resilient, traders are treating the quarter as a read-through that margins and earnings power can improve faster than the traditional “low-margin distributor” narrative—helping explain why the stock is still attracting demand days after the print.