Quarterly ResultJul 2, 2026, 04:14 PM
TD SYNNEX Q2 Revenue +31% to $19.57B; Net Income +81%; EPS $4.15
AI Summary
TD SYNNEX reported strong financial results for the second quarter ended May 31, 2026, with revenue increasing 31% to $19.57 billion and diluted EPS rising 88% to $4.15. The company also announced the issuance of a warrant to Amazon.com NV Investment Holdings LLC for up to 3.2 million shares. Additionally, TD SYNNEX declared a quarterly cash dividend of $0.48 per share and has $1.0 billion remaining in its share repurchase program.
Key Highlights
- Issued warrant to Amazon.com NV Investment Holdings LLC for up to 3.2 million shares.
- Q2 Revenue increased 31% to $19.57 billion from $14.95 billion year-over-year.
- Q2 Net Income rose 81% to $334.09 million, up from $184.92 million year-over-year.
- Q2 Diluted EPS grew 88% to $4.15, compared to $2.21 in the prior year period.
- TD SYNNEX has $1.0 billion remaining under its share repurchase program.
- Declared a quarterly cash dividend of $0.48 per common share payable July 31, 2026.
- Accounts receivable sold without recourse totaled $2.3 billion as of May 31, 2026.
- Apple Inc. accounted for 11% of consolidated revenue for the quarter.
Price Impact
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