Td Synnex Corporation · NYSE:SNX
Td Synnex — Q1 2026 Earnings Presentation
34 slides from Td Synnex's earnings presentation, Mar 31, 2026
Slide 1: Investor Presentation
Investor Presentation March 2026
Slide 2: Safe harbor statement
Safe harbor statement Statements in this presentation regarding TD SYNNEX that are not historical facts are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are inheren
Slide 3: Patrick Zammit, CEO
© TD SYNNEX Patrick Zammit CEO Maging IT Personal
Slide 4: Q1 2026 global business overview
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Q1 2026 global business overview Execution across our diversified portfolio continues to support profitable growth, margin expansion, and earnings growth over time Key takeaways Q1 FY26 Y/Y No
Slide 5: Updated reportable segments overview
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Updated reportable segments overview Global Distribution Hyve Solutions Servicing technology vendors and resellers as a Partnering with leading technology brands to deliver trusted distributio
Slide 6: Q1 2026 | Distribution highlights
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Q1 2026 | Distribution(1) highlights Non-GAAP gross billings(2) Non-GAAP operating income(2) Key Highlights Achieved Microsoft’s newly +17% +42% established Frontier Distributor designation, h
Slide 7: Q1 2026 | Hyve Solutions highlights
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Q1 2026 | Hyve Solutions highlights Non-GAAP gross billings(1) Non-GAAP operating income(1) Key Highlights +95% +66% Manufacturing and assembly growth in the mid-70% range year-over-year $3.8B
Slide 8: David Jordan, CFO
© TD SYNNEX David Jordan CFO Maging IT Personal
Slide 9: Q1 2026 | Portfolio Overview
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Q1 2026 | Portfolio Overview Favorable mix and disciplined execution are creating operating leverage and improved profitability within the portfolio Portfolio Performance Consolidated 15% Non-
Slide 10: Cash flow and shareholder returns
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Cash flow and shareholder returns Profitable growth, strong free cash flow(1) and disciplined capital allocation support attractive long-term shareholder returns Free cash Return on Shareholde
Slide 11: Q2 2026 | Financial Outlook
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Q2 2026 | Financial Outlook Our guidance reflects continued momentum across both our Distribution(1) and Hyve businesses Q2 2026E Midpoint Range ~$25.1B Non-GAAP gross billings(2) +/- $500 mil
Slide 12: Broad-based growth across all Distribution technologies
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Broad-based growth across all Distribution(1) technologies Approximate % of total non-GAAP gross billings(2) by product category(3) for Q1 2026 17% Y/Y Growth 19% 24% 23% 10% 6% 9% 22% Y/Y Gro
Slide 13: Q1 2026 performance by Distribution segment
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Q1 2026 performance by Distribution(1) segment Disciplined execution and profitable growth are driving improving profitability across our reportable segments Americas distribution non-GAAP gro
Slide 14: Appendix
TD SYNNEX Appendix
Slide 15: Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Non-GAAP financial measures In addition to the financial results presented in accordance with GAAP, TD SYNNEX uses and refers to: • Revenue in constant currency, which adjusts for the translat
Slide 16: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended February 28, February 28, Revenue in
Slide 17: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended Consolidated February 28, February 2
Slide 18: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended Consolidated February 28, February 2
Slide 19: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended Consolidated Americas distribution E
Slide 20: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Amounts may not add or compute due to rounding) Three Months Ended (in billions) Distribution(2) Advanced Solutions(1) Endpoint
Slide 21: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended Non-GAAP cost of revenue February 28
Slide 22: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended Adjusted selling, general and admini
Slide 23: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended Non-GAAP income before income taxes,
Slide 24: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands, except per share amounts) (Amounts may not add or compute due to rounding) Three Months Ended Non-GAAP n
Slide 25: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Trailing Twelve Months ended February November August M
Slide 26: Reconciliation of GAAP to Non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended February November August May Februar
Slide 27: Free cash flow
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to Non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended February 28, November 30, August 31,
Slide 28: Calculation of financial metrics
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Calculation of financial metrics TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended Cash conversion cycle February 28, 2026 Days sales outsta
Slide 29: Calculation of financial metrics
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Calculation of financial metrics TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended Cash conversion cycle (gross cash days) February 28, 2026
Slide 30: Calculation of financial metrics
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Calculation of financial metrics TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Leverage ratio February 28, 2026 Total borrowings (a) $ 4,721,640 Less: cash
Slide 31: Reconciliation of GAAP to non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to non-GAAP financial measures TD SYNNEX (Currency in thousands) (Amounts may not add or compute due to rounding) Three Months Ended February 28, November 30, August 31,
Slide 32: Reconciliation of GAAP to non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to non-GAAP financial measures TD SYNNEX (Currency in millions, except per share amounts) (Amounts may not add or compute due to rounding) Forecast Three Months Ending M
Slide 33: Reconciliation of GAAP to non-GAAP financial measures
BUSINESS COMMERCIAL PORTFOLIO CAPITAL FINANCIAL APPENDIX OVERVIEW HIGHLIGHTS PERFORMANCE ALLOCATION OUTLOOK Reconciliation of GAAP to non-GAAP financial measures TD SYNNEX (Currency in billions) (Amounts may not add or compute due to rounding) Forecast Three Months Ending May 31, 2026 Non-GAAP gross
Slide 34: Thank You
Nate Friedel TD SYNNEX Corporation Thank You 510-668-8436 IR@tdsynnex.com IR website: ir.tdsynnex.com