Why this matters to distributors: TD SYNNEX’s results suggest enterprise spending on artificial intelligence, cloud computing and cybersecurity remains strong, providing a positive demand signal for technology distributors and solution providers serving commercial customers.
TD SYNNEX reported record fiscal second-quarter results, posting double-digit growth in sales and profit as businesses continued investing in artificial intelligence infrastructure, cloud platforms, and cybersecurity.
The technology distributor reported revenue of $19.6 billion for the quarter ended May 31, up 31.0% from $14.9 billion a year earlier. Net income rose to $334.1 million, an increase of 80.7% from $184.9 million in the second quarter of fiscal 2025.
“Our results reflect consistent execution against our strategy,” says CEO Patrick Zammit.
The company said growth was driven by strength across both its distribution operations and Hyve Solutions, which designs and manufactures cloud and artificial intelligence infrastructure for hyperscale customers.
Operating income increased 58.3% year over year to $519.4 million, while gross profit rose 28.0% to $1.34 billion. Gross margin declined slightly to 6.84% from 7.00% a year earlier.
For the first six months of fiscal 2026, TD SYNNEX reported revenue of $36.7 billion, up 24.6% from $29.5 billion in the first half of fiscal 2025. Net income increased 87.5% to $661.0 million, compared with $352.5 million a year earlier.
Looking ahead, TD SYNNEX forecast third-quarter revenue between $18.2 billion and $19.0 billion, indicating continued demand for enterprise technology products and services despite ongoing macroeconomic uncertainty.
Based in Clearwater, Florida, and Fremont, California, TD SYNNEX is one of the world’s largest technology distributors, serving more than 150,000 customers in over 100 countries with hardware, software, cloud, cybersecurity, and artificial intelligence solutions.
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