TD Synnex Q3 adjusted EPS eases past estimates on strong Distribution and Hyve performance
SNX•TD Synnex reported fiscal Q3 revenue of $21.56 billion and adjusted EPS of $5.68, beating analyst estimates of $18.86 billion and $4.63. The company returned $139 million to shareholders through repurchases and raised its dividend by 9%.
1. Quarterly results
TD Synnex reported fiscal Q3 revenue of $21.56 billion, up 38% and above the $18.86 billion analyst consensus. Adjusted EPS was $5.68, compared with the $4.63 estimate. Adjusted net income was $456 million and adjusted operating income was $736 million.
2. Business performance
The company said its Distribution and Hyve businesses performed above expectations and grew faster than the market. It cited enterprise AI deployments and data center modernization as contributors to Q3 results and potential sources of future demand.
3. Fourth-quarter outlook
TD Synnex expects fiscal Q4 2026 revenue of $21.8 billion to $22.6 billion and non-GAAP diluted EPS of $5.65 to $6.15. It returned $139 million to shareholders through repurchases and increased its dividend by 9%.
