Observed Signal · Jul 2, 2026 · earnings · Source: SEC API · Impact: 4.1/5
10-Q Financial Filing Analysis for TD SYNNEX
TD SYNNEX Corporation reported its Q2 fiscal 2026 financial results for the period ended May 31, 2026, delivering substantial revenue and earnings expansion. Consolidated quarterly revenue surged 31.0% year-over-year to $19.57 billion compared to $14.95 billion in Q2 fiscal 2025. Gross profit for the quarter rose 28.0% to $1.34 billion, while operating income grew 58.3% to $519.4 million, driven by strong execution across distribution and solutions aggregation. Net income for the quarter reached $334.1 million ($4.15 per diluted share), up from $184.9 million ($2.21 per diluted share) in the prior-year period. During the quarter, TD SYNNEX early-adopted ASU 2025-04 concerning share-based consideration granted to customers, following the issuance of a warrant permitting a customer to acquire up to approximately 3.2 million common shares tied to qualifying purchase thresholds. For the first six months of fiscal 2026, total revenue reached $36.74 billion, with operating cash outflows of $1.16 billion primarily reflecting working capital deployment into inventories ($13.89 billion total).
Demonstrates substantial operational top-line scale and margin conversion in global IT and cloud distribution, alongside a strategic equity-linked customer incentive program.
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Key Takeaways & Evidence Grounding
- Q2 fiscal 2026 revenue increased 31.0% year-over-year to $19.57 billion, with diluted EPS rising to $4.15 compared to $2.21 in Q2 fiscal 2025.
- Issued a commercial warrant to a customer to purchase up to approximately 3.2 million shares of common stock vesting on qualifying purchase milestones, prompting early adoption of ASU 2025-04.
- Total inventory expanded to $13.89 billion as of May 31, 2026, contributing to an operating cash flow deficit of $1.16 billion for the six-month period.
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10-Q Financial Filing Analysis for TD SYNNEX (2026-10-01)
TD SYNNEX reported strong financial performance for the third quarter ended August 31, 2026, driven by broad-based demand across its distribution segments and accelerating momentum in Hyve Solutions. Consolidated revenue grew 37.7% year-over-year to $21.56 billion, while operating income surged 67.6% to $642.9 million. Net income for the quarter reached $416.2 million ($5.18 diluted EPS), up from $226.8 million ($2.74 diluted EPS) in the prior-year period. Operational expansion required significant working capital investments, resulting in negative operating cash flow of $(2.08) billion for the nine-month period.
8-K Financial Filing Analysis for TD SYNNEX (2026-09-30)
On September 25, 2026, TD SYNNEX Corporation entered into the Eighth Omnibus Amendment to its accounts receivable securitization program agreements with SIT Funding LLC, subsidiary originators, lenders, and The Toronto-Dominion Bank as administrative agent. The amendment extends the facility's maturity date by two years to September 25, 2028, and expands the aggregate lender commitment to $3.0 billion. Additionally, the borrowing cost structure was revised: program fees on used commitments now accrue at 0.725% per annum for advances funded via commercial paper and 0.825% per annum for non-commercial paper advances, supporting ongoing working capital liquidity.
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