TD SYNNEX Corporation delivered significantly stronger results for the quarter ended February 28, 2026. Revenue rose to $17.2 billion from $14.5 billion, driven by growth in both distribution portfolios and the Hyve Solutions business, with constant-currency revenue up 13.2%.
Gross margin improved to 7.30%, lifting operating income to $489.4 million from $304.5 million. Net income nearly doubled to $326.9 million, and diluted EPS increased to $4.04 from $1.98. The company used $895.9 million of operating cash, largely to support higher inventories and working capital, reducing cash to $1.56 billion.
TD SYNNEX continued returning capital through a quarterly dividend of $0.48 per share and share repurchases at an average price of $155.77 per share, with $1.1 billion still available under its $2.0 billion authorization. Total debt remained substantial but largely unchanged, supported by sizeable undrawn credit and securitization facilities and compliance with all material covenants.
TD SYNNEX reported record fiscal 2026 first-quarter results with sharp growth in sales and profit. Revenue reached $17.2 billion, up 18.1% year over year, while GAAP net income rose to $326.9 million and diluted EPS more than doubled to $4.04 from $1.98.
Non-GAAP gross billings were $25.8 billion, up 24.4%, and non-GAAP diluted EPS increased to $4.73 from $2.80. The company returned $118 million to stockholders through about $80 million of share repurchases and $39 million in dividends and announced a quarterly dividend of $0.48 per share, 9% higher than a year ago.
For the second quarter of fiscal 2026, TD SYNNEX guides to revenue of $16.1–$16.9 billion and non-GAAP diluted EPS of $3.75–$4.25. Despite strong earnings, free cash flow was negative $929.0 million, driven largely by higher inventories.
TD SYNNEX Corporation updated its governance rules after stockholders approved a charter amendment allowing stockholders owning at least 25% of outstanding common stock to call a special meeting, subject to detailed notice, ownership, and timing requirements set out in its amended bylaws.
At the same annual meeting, stockholders elected ten directors, approved the advisory vote on executive compensation, and ratified KPMG LLP as independent auditor. The charter amendment and Amended and Restated Bylaws became effective upon filing with the Delaware Secretary of State on March 25, 2026.
The Vanguard Group filed an Amendment No. 4 to a Schedule 13G/A disclosing that it beneficially owns 0 shares of TD SYNNEX Corp common stock, representing 0% of the class as reported. The amendment explains an internal realignment effective January 12, 2026 that caused certain Vanguard subsidiaries and divisions to report ownership separately in reliance on SEC Release No. 34-39538.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
TD SYNNEX director Merline Saintil reported an open-market stock sale. On March 4, 2026, she sold 167 shares of TD SYNNEX common stock at an average price of $157.75 per share in an open-market transaction.
The sale was executed under a pre-set Rule 10b5-1 trading plan adopted on August 2, 2025, which automates trades according to predetermined instructions. Following this transaction, Saintil directly holds 6,995 TD SYNNEX common shares.
TD SYNNEX director Richard T. Hume reported selling 5,000 shares of common stock in a series of open-market transactions on March 2, 2026. The sales occurred at prices from $152.98 to $157.10 per share.
The transactions were made under a pre-arranged Rule 10b5-1 trading plan adopted on July 14, 2025. After these sales, Hume directly owns 37,515 shares of TD SYNNEX common stock.
TD SYNNEX is asking stockholders to approve four main items at its 2026 annual meeting: elect ten directors, an advisory vote on executive pay, ratify KPMG as auditor, and amend its Charter to let holders of at least 25% of shares call a special meeting.
The proxy highlights a majority‑independent, diverse board, with women chairing key committees and a dedicated Technology Committee overseeing cybersecurity and AI risks. Executive pay is heavily performance-based, using non‑GAAP net income and return on capital; strong 2025 results produced above‑target bonuses, and an incentive recoupment policy is in place.
TD SYNNEX Corp’s Chief Executive Officer and director Patrick Zammit reported a sale of company stock. On February 6, 2026, he sold 13,900 shares of TD SYNNEX common stock in an open-market transaction coded as a sale. The weighted average sale price was $171.57 per share, with individual trades executed between $171.57 and $171.70. After this transaction, Zammit directly owned 170,928 shares of TD SYNNEX common stock.