Investor Presentation Q3 FY2026

September 2026

Our differentiated value proposition continues to support profitable growth, operating margin expansion, and earnings growth over time

1. Non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

2. Growth rate adjusted for constant currency which is a non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

3. Non-GAAP operating income % represents non-GAAP operating income as a percentage of non-GAAP gross billings

Key takeaways

1

Non-GAAP gross billings(1) exceeded the high end of our guidance and increased 40% y/y primarily driven by continued momentum across both Distribution and Hyve

2

Non-GAAP operating income %(1)(3) expanded by 22 bps y/y reflecting a greater mix of Hyve and improved operating margins within Distribution

3

Non-GAAP diluted earnings per share(1) increased 59% y/y, supported by our focus on profitable growth and disciplined capital allocation framework

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BUSINESS

OVERVIEW

COMMERCIAL

HIGHLIGHTS

PORTFOLIO

PERFORMANCE

CAPITAL

ALLOCATION

FINANCIAL

OUTLOOK

APPENDIX

BUSINESS OVERVIEW

COMMERCIAL HIGHLIGHTS

PORTFOLIO PERFORMANCE

CAPITAL ALLOCATION

FINANCIAL OUTLOOK

APPENDIX

Q3 2026 | Distribution(1) highlights

Non-GAAP gross billings(2)

Non-GAAP operating income(2)

Key Highlights

$19.5B

$24.8B

$313M

$483M

Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26

Driven by strong demand across the portfolio, supported by our broad customer base and global footprint

Driven by non-GAAP gross billings(1) growth and disciplined cost management

Expanded IBM footprint into 20 new countries across EMEA, APJ, LATAM

Palo Alto Networks' 2026 North America & Central America and Caribbean Distributor of the Year

Veeam's 2026 EMEA Distributor of the Year

Adobe's 2026 EMEA Best Retention Partner of the Year

CRN Channel Awards Asia 2026 -Distributor of the Year

1. "Distribution" represents the combined totals of the Americas distribution, Europe distribution, and APJ distribution reportable segments

2. Non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

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BUSINESS OVERVIEW

COMMERCIAL HIGHLIGHTS

PORTFOLIO PERFORMANCE

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FINANCIAL OUTLOOK

APPENDIX

Q3 2026 | Hyve Solutions highlights

Non-GAAP gross billings(1) Non-GAAP operating income(1) Key Highlights

$3.2B

$7.0B

$162M

$253M

Manufacturing growth in excess of 130% year-over-year, primarily driven by increased volumes with our existing customer base

Supply Chain Services growth in excess of 90% year-over-year supported by component demand associated with

Q3 FY25 Q3 FY26

Driven by increased volumes in Manufacturing with our existing customer base, along with continued strength in Supply Chain Services

Q3 FY25 Q3 FY26

Driven by non-GAAP gross billings(1) growth and mix of program offerings

customers infrastructure deployments

Secured customer programs expected to utilize the recently expanded manufacturing capacity announced last quarter

1. Non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

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BUSINESS OVERVIEW

COMMERCIAL HIGHLIGHTS

PORTFOLIO PERFORMANCE

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APPENDIX

Q3 2026 | Portfolio Overview

Broad-based growth across our portfolio and geographies driven by disciplined execution

Portfolio Performance

Consolidated

Non-GAAP

gross billings(1)

22%

$31.8B

78%

Distribution(2) Hyve Solutions

1. Non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

2. "Distribution" represents the combined totals of the Americas distribution, Europe distribution, and APJ distribution reportable segments

3. Metric is an approximation, subject to certain allocations and other factors and may also change if the company aligns their products and services differently

4. Non-GAAP operating income % represents non-GAAP operating income as a percentage of non-GAAP gross billings

Non-GAAP

operating income(1)

34%

$736M

66%

Distribution(2) Hyve Solutions

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BUSINESS OVERVIEW

COMMERCIAL HIGHLIGHTS

PORTFOLIO PERFORMANCE

CAPITAL ALLOCATION

FINANCIAL OUTLOOK

APPENDIX

Profitable growth and disciplined capital allocation support attractive long-term shareholder returns

Free cash

flow(1) TTM

$(0.8)B

Return on

equity(1) TTM

17.55%

$1.4B

17.55%

$1.2B

12.76%

13.27%

14.76%

16.08%

$0.5B

$0.4B

$(0.8)B

Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26 Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26

TTM TTM TTM TTM TTM TTM TTM TTM TTM TTM

We ended Q3 FY26 with

$749M of cash and cash equivalents and a net leverage ratio(1) of 1.9x

Net Working Capital(2) as of Q3 FY26 of $6.5B, and gross CCC(1) of 22 days

$617M

Dividends

Share Repurchases

$670M

$742M

$723M

$688M

$617M

Q3 FY25 Q4 FY25 Q1 FY26 Q2 FY26 Q3 FY26

TTM TTM TTM TTM TTM

Returned $139M to shareholders in Q3 FY26 through ~$100M of share

repurchases and ~$38M of

dividends

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1. Non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

2. Net working capital is defined as current assets excluding cash and cash equivalents, minus current liabilities excluding borrowings

   
   
   

   BUSINESS OVERVIEW

   COMMERCIAL HIGHLIGHTS

   PORTFOLIO PERFORMANCE

   CAPITAL ALLOCATION

   FINANCIAL OUTLOOK

   APPENDIX

   Q4 2026 | Financial Outlook

   Our guidance reflects continued momentum across both our Distribution(1) and Hyve businesses

   Q4 2026E
   	Midpoint	Range
   Non-GAAP gross billings(2)	~$31.9B 31% y/y(3)	+/- $500 million
   Gross to net %(2)	~(30)% (2)% y/y(3)
   Revenue ($B)	~$22.2B 28% y/y(3)	+/- $400 million
   Non-GAAP net income(2)	~$474M 51% y/y(3)	+/- $20 million
   Est. outstanding diluted weighted avg. shares	~79.2M
   Non-GAAP diluted earnings per share(2)	~$5.90 54% y/y(3)	+/- 25 cents

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   1. "Distribution" represents the combined totals of the Americas distribution, Europe distribution, and APJ distribution reportable segments

   2. Non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

   3. Y/Y growth rates compare the Q4 FY26 forecasted metrics to the Q4 FY25 actuals

BUSINESS OVERVIEW

COMMERCIAL HIGHLIGHTS

PORTFOLIO PERFORMANCE

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FINANCIAL OUTLOOK

APPENDIX

Approximate % of total non-GAAP gross billings(2) by product category(3) for Q3 2026

Y/Y Growth

$19.5B $24.8B

23%

Y/Y Growth

21%

Y/Y Growth

67%

Y/Y Growth

19%

Y/Y Growth

21%

Y/Y Growth

16%

Y/Y Growth

21%

Y/Y Growth

Q3 FY25 Q3 FY26

Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26 Q3 FY25 Q3 FY26

Q3 FY25 Q3 FY26

Software

PCs

Servers & Storage(4)

Networking Peripherals

& Print

Services Mobile

1. "Distribution" represents the combined totals of the Americas distribution, Europe distribution, and APJ distribution reportable segments

2. Non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

3. Product metrics are approximations, subject to certain allocations and other factors and may also change if the company aligns their products and services differently

4. The Servers and Storage product category includes Cloud Infrastructure as a Service ("IaaS") 11

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APPENDIX

Disciplined execution against our strategy is driving above market growth and operating margin expansion across our reportable segments

1. "Distribution" represents the combined totals of the Americas distribution, Europe distribution, and APJ distribution reportable segments

2. Non-GAAP measure. See the appendix to this presentation for definitions of non-GAAP measures and reconciliation of such measures to GAAP

3. Non-GAAP operating income % represents non-GAAP operating income as a percentage of non-GAAP gross billings

Key takeaways

Americas distribution non-GAAP gross

1 growth in Advanced Solutions

billings(1) were $15.0B, representing an

increase of 28% y/y driven primarily by

Europe distribution non-GAAP gross

2 growth in Endpoint Solutions

billings(1) were $8.2B, representing an

increase of 26% y/y driven primarily by

APJ distribution non-GAAP gross

3 broad-based growth

billings(1) were $1.7B, representing an

increase of 26% y/y driven primarily by

1

Americas distribution non-GAAP gross billings(2) were $15.0B, representing an increase of 28% y/y driven primarily by growth within servers and storage, software, and PCs

2

Europe distribution non-GAAP gross billings(2) were $8.2B, representing an increase of 26% y/y driven primarily by growth within servers and storage and peripherals

3

APJ distribution non-GAAP gross billings(2) were $1.7B, representing an increase of 26% y/y driven by growth within servers and storage, networking and PCs

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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 translation effect of foreign currencies so that certain financial results can be viewed without the impact of fluctuations in foreign currency exchange rates, thereby facilitating period-to-period comparisons of our performance. Financial results adjusted for constant currency are calculated by translating current period activity using the comparable prior year periods' currency conversion rate.

• Non-GAAP gross billings, which are the amounts billed to the customer prior to any presentation adjustment under ASC Topic 606 for those arrangements where the Company does not act as the principal; and non-GAAP cost of revenue, which represents cost of revenue prior to any presentation adjustment under ASC Topic 606 for those arrangements where the Company does not act as the principal. These are useful non-GAAP metrics in understanding the volume of our business activity and they serve as an important performance metric in internally managing our operations. TD SYNNEX also refers to gross billings on a constant currency basis, adjusted for foreign exchange fluctuations in a similar manner as revenue in constant currency mentioned above.

• "Gross to net %" refers to the percentage of adjustments made to non-GAAP gross billings for costs incurred and netted against revenue related to sales of third-party supplier service contracts, software as a service arrangements and certain fulfillment contracts.

• Adjusted selling, general and administrative expenses, which is a non-GAAP financial measure that excludes acquisition, integration and restructuring costs, the amortization of intangible assets and share-based compensation expense. TD SYNNEX also uses adjusted selling, general and administrative expenses and adjusted selling, general and administrative expenses as a percentage of gross profit.

• Non-GAAP operating income and non-GAAP operating margin, which are non-GAAP financial measures that exclude acquisition, integration and restructuring costs, the amortization of intangible assets and share-based compensation expense. TD SYNNEX also refers to non-GAAP operating income on a constant currency basis, adjusted for foreign exchange fluctuations in a similar manner as revenue in constant currency mentioned above. Furthermore, TD SYNNEX refers to non-GAAP operating income as a percentage of non-GAAP gross billings.

• Non-GAAP net income and non-GAAP diluted earnings per share, which are non-GAAP financial measures that exclude acquisition, integration and restructuring costs, the amortization of intangible assets, share-based compensation expense, dividends and realized gains upon sale related to certain equity securities ("dividends and gains on investments") and the related tax effects thereon.

• Earnings before interest, taxes, depreciation and amortization ("EBITDA"), which excludes interest expense and finance charges, net, the provision for income taxes, depreciation, and amortization of intangibles. The Company also uses adjusted earnings before interest, taxes, depreciation and amortization ("Adjusted EBITDA") which excludes interest expense and finance charges, net, the provision for income taxes, depreciation, amortization of intangibles, other income (expense), net, acquisition, integration and restructuring costs, and share-based compensation expense.

• Non-GAAP income before income taxes, which is a non-GAAP financial measure that excludes acquisition, integration and restructuring costs, the amortization of intangible assets, share-based compensation expense and dividends and gains on investments. TD SYNNEX also uses non-GAAP provision for income taxes which factors in the income tax impacts related to those adjustments which in turn determines the non-GAAP effective tax rate.

• Free cash flow which is cash flow from operating activities, reduced by purchases of property and equipment. TD SYNNEX uses free cash flow to conduct and evaluate its business because, although it is similar to cash flow from operations, TD SYNNEX believes it is an additional useful measure of cash flows since purchases of property and equipment are a necessary component of ongoing operations. Free cash flow reflects an additional way of viewing TD SYNNEX's liquidity that, when viewed with its GAAP results, provides a more complete understanding of factors and trends affecting its cash flows. Free cash flow has limitations as it does not represent the residual cash flow available for discretionary expenditures. For example, free cash flow does not incorporate payments for business acquisitions. Therefore, TD SYNNEX believes it is important to view free cash flow as a complement to its entire Consolidated Statements of Cash Flows.

• Return on equity ("ROE") is a non-GAAP measure calculated based on trailing twelve months non-GAAP net income, divided by trailing five quarters average total stockholders' equity. TD SYNNEX believes this is additional useful information for investors because it measures how effectively the Company uses stockholders' equity to generate profits.

In prior periods,TD SYNNEX has excluded other items relevant to those periods for purposes of its non-GAAP financial measures.

TD SYNNEX management uses non-GAAP financial measures internally to understand, manage and evaluate the business, to establish operational goals, and in some cases for measuring performance for compensation purposes. These non-GAAP measures are intended to provide investors with an understanding of TD SYNNEX's operational results and trends that more readily enable investors to analyze TD SYNNEX's base financial and operating performance and to facilitate period-to-period comparisons and analysis of operational trends, as well as for planning and forecasting in future periods. Management believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision-making. As these non-GAAP financial measures are not calculated in accordance with GAAP, they may not necessarily be comparable to similarly titled measures employed by other companies. These non-GAAP financial measures should not be considered in isolation or as a substitute for the comparable GAAP measures, and should be read only in conjunction with TD SYNNEX's Consolidated Financial Statements prepared in accordance with GAAP. A reconciliation of TD SYNNEX's GAAP to non-GAAP financial information is set forth in the supplemental tables at the end of this presentation.

Acquisition, integration and restructuring costs, which are expensed as incurred, primarily represent professional services costs for legal, banking, consulting and advisory services, severance and other personnel-related costs, share-based compensation expense and debt extinguishment fees that are incurred in connection with acquisition, integration, restructuring, and divestiture activities. From time to time, this category may also include transaction-related gains/losses on divestitures/spin-off of businesses, costs related to long-lived assets including impairment charges and accelerated depreciation and amortization expense due to changes in asset useful lives, as well as various other costs associated with the acquisition or divestiture.

TD SYNNEX's acquisition activities have resulted in the recognition of finite-lived intangible assets which consist primarily of customer relationships and vendor lists. Finite-lived intangible assets are amortized over their estimated useful lives and are tested for impairment when events indicate that the carrying value may not be recoverable. The amortization of intangible assets is reflected in the Company's Consolidated Statements of Operations.

Although intangible assets contribute to the Company's revenue generation, the amortization of intangible assets does not directly relate to the sale of the Company's products. Additionally, intangible asset amortization expense typically fluctuates based on the size and timing of the Company's acquisition activity. Accordingly, the Company believes excluding the amortization of intangible assets, along with the other non-GAAP adjustments, which neither relate to the ordinary course of the Company's business nor reflect the Company's underlying business performance, enhances the Company's and investors' ability to compare the Company's past financial performance with its current performance and to analyze underlying business performance and trends. Intangible asset amortization excluded from the related non-GAAP financial measure represents the entire amount recorded within the Company's GAAP financial statements, and the revenue generated by the associated intangible assets has not been excluded from the related non-GAAP financial measure. Intangible asset amortization is excluded from the related non-GAAP financial measure because the amortization, unlike the related revenue, is not affected by operations of any particular period unless an intangible asset becomes impaired or the estimated useful life of an intangible asset is revised.

Share-based compensation expense is a non-cash expense arising from the grant of equity awards to employees and non-employee members of the Company's Board of Directors based on the estimated fair value of those awards. Although share-based compensation is an important aspect of the compensation of our employees, the fair value of the share-based awards may bear little resemblance to the actual value realized upon the vesting or future exercise of the related share-based awards and the expense can vary significantly between periods as a result of the timing of grants of new stock-based awards, including grants in connection with acquisitions. Given the variety and timing of awards and the subjective assumptions that are necessary when calculating share-based compensation expense, TD SYNNEX believes this additional information allows investors to make additional comparisons between our operating results from period to period.

Dividends and gains on investments includes benefits recorded in other income (expense), net during the first three quarters of fiscal 2026 resulting from dividends and realized gains upon sale related to certain equity securities.

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BUSINESS

OVERVIEW

COMMERCIAL

HIGHLIGHTS

PORTFOLIO

PERFORMANCE

CAPITAL

ALLOCATION

FINANCIAL

OUTLOOK

APPENDIX

BUSINESS OVERVIEW

COMMERCIAL HIGHLIGHTS

PORTFOLIO PERFORMANCE

CAPITAL ALLOCATION

FINANCIAL OUTLOOK

APPENDIX

TD SYNNEX

(Currency in thousands)

(Amounts may not add or compute due to rounding)

Three Months Ended

Y/Y revenue growth 37.7 %

Y/Y revenue growth in constant currency 38.4 %

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BUSINESS OVERVIEW

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APPENDIX

TD SYNNEX

(Currency in thousands)

(Amounts may not add or compute due to rounding)

Three Months Ended

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BUSINESS OVERVIEW

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APPENDIX

TD SYNNEX

(Currency in thousands)

(Amounts may not add or compute due to rounding)

Three Months Ended

Non-GAAP operating income and non-GAAP operating income in constant currency August 31, 2026 August 31, 2025

Revenue $ 21,558,406 $ 15,650,924

Costs incurred and netted against revenue related to sales of third-party supplier service contracts, software as a service

(1) Non-GAAP operating income % represents non-GAAP operating income as a percentage of non-GAAP gross billings 17

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APPENDIX

TD SYNNEX

(Currency in thousands)

(Amounts may not add or compute due to rounding)

Three Months Ended

Consolidated Americas distribution Europe distribution APJ distribution Hyve Solutions

(1) Non-GAAP operating income % represents non-GAAP operating income as a percentage of non-GAAP gross billings 18

BUSINESS OVERVIEW

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PORTFOLIO PERFORMANCE

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FINANCIAL OUTLOOK

APPENDIX

TD SYNNEX

(Currency in billions)

(Amounts may not add or compute due to rounding)

Three Months Ended

Distribution(2) Advanced Solutions(1) Endpoint Solutions(1)

1. Product metrics are approximations, subject to certain allocations and other factors and may also change if the company aligns their products and services differently

2. "Distribution" represents the combined totals of the Americas distribution, Europe distribution, and APJ distribution reportable segments. 19

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APPENDIX

TD SYNNEX

(Currency in thousands)

(Amounts may not add or compute due to rounding)

Three Months Ended

Non-GAAP cost of revenue August 31, 2026

Cost of revenue $ 20,132,992

Costs incurred and netted against revenue related to sales of third-party supplier service contracts, software as a service arrangements

and certain fulfillment contracts 10,269,281

Non-GAAP cost of revenue $ 30,402,273

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