TD SYNNEX Reports Record Fiscal 2026 First Quarter Results

About this update from Td Synnex Corporation

[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/1fefd123520e37e234b6590a869edd36"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/GoKixTTz7er8K.RP_q6ccg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MA--/https://media.zenfs.com/en/business-wire.com/1fefd123520e37e234b6590a869edd36","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/eGAh_ggh0ETgQXnmtkudgA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0/https://media.zenfs.com/en/business-wire.com/1fefd123520e37e234b6590a869edd36","width":1024,"height":512}},"lazy":false},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $17.2 billion, an increase of 18.1% year over year and significantly above the high end of our outlook. On a constant currency(1) basis, revenue increased by 13.2% year over year.","length":190,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Non-GAAP gross billings(1) of $25.8 billion, an increase of 24.4% year over year and significantly above the high end of our outlook. On a constant currency(1) basis, non-GAAP gross billings(1) increased by 19.9% year over year.","length":228,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Diluted earnings per share ("EPS") of $4.04, and non-GAAP diluted EPS(1) of $4.73, an increase of 68.9% year over year and significantly above the high end of our outlook.","length":181,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Returned $118 million to stockholders in the form of approximately $80 million of share repurchases and $39 million in dividends.","length":129,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Announced a quarterly cash dividend of $0.48 per common share, up 9% year over year.","length":84,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":812,"olType":false},{"type":"text","content":""We’re pleased with how we’ve started fiscal 2026. In the first quarter, we delivered record non-GAAP gross billings and non-GAAP diluted earnings per share, while continuing to expand profitability and build on the execution and momentum established over the past year," said Patrick Zammit, CEO of TD SYNNEX. "Our results reflect stro...

More updates from Td Synnex Corporation