TD SYNNEX, a publicly owned company headquartered in the US, employs approximately 18,620 individuals and reported $62.5 billion in revenue as of 2025. The company specializes in IT Services and IT Consulting. Functioning as a global IT distributor and solutions provider, it offers IT products, services, and solutions to its customers, with the aim of maximizing the value of their IT investments and supporting business growth.
On June 26, 2026, Morgan Stanley indicated that TD Synnex delivered a strong fiscal second quarter, driven by accelerating Hyve growth and market share gains. Earlier the same day, analysts raised their forecasts for TD Synnex after the company reported upbeat fiscal second-quarter results, with revenue increasing 31% year-over-year to $19.58 billion, exceeding the $16.80 billion analyst consensus estimate, and GAAP diluted earnings per share rising to $4.15 from $2.21 a year earlier. On June 25, TD Synnex reported a record second quarter for fiscal 2026, achieving non-GAAP gross billings of $28.9 billion, a 33% year-over-year increase attributed to broad-based strength across its Distribution and Hyve segments. Non-GAAP operating income surged 49% to $615 million, and non-GAAP earnings per share grew 62% to $4.85. The company secured programs with all five US-based hyperscalers and is expanding manufacturing facilities to support growth, while acknowledging challenges from rising component costs, supply constraints, and geopolitical uncertainties. During the Q2 2026 earnings call, TD Synnex CEO Patrick Zammit suggested that token costs might compel enterprises to invest in on-premises infrastructure for AI workloads.
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