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For the third quarter of fiscal 2026, SNX expects non-GAAP earnings per share between $4.25 and $4.75. The consensus mark is pegged at $4.64 per share, indicating an increase of 29.6% from the prior-year quarter’s reported figure. The estimate has been revised over the past 60 days.
SNX’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 21.7%.
For the third quarter of fiscal 2026, SNX expects revenues between $18.2 billion and $19 billion. The Zacks Consensus Estimate is pegged at $18.8 billion, suggesting growth of approximately 20% from the year-ago quarter’s reported figure.
TD SYNNEX is expected to maintain its growth momentum in the third quarter of fiscal 2026, supported by continued demand for AI infrastructure, enterprise IT modernization, cloud, cybersecurity and advanced technology solutions. The company’s broad distribution portfolio and expanding hyperscaler relationships are expected to have supported activity across both its Distribution and Hyve businesses in the to-be-reported quarter.
Hyve Solutions is likely to have remained a key growth driver as hyperscalers continue to expand AI and cloud infrastructure deployments. The division’s strong momentum has been supported by higher manufacturing volumes, supply-chain services and the ramp-up of hyperscaler programs. TD SYNNEX has secured programs with the top five U.S.-based hyperscalers, with additional programs expected to ramp during late 2026
The Distribution business is also expected to have benefited from broad-based IT spending, particularly in advanced solutions, networking, cloud and cybersecurity. Continued vendor additions and strategic partnerships are likely to have helped TD SYNNEX expand its portfolio and deepen its presence across regions. AI-related offerings and platform expansion are expected to have remained important areas of investor focus in the to-be-reported quarter.
The company’s selection by Hewlett Packard Enterprise as one of its global distribution partners, along with the expansion of its IBM distribution footprint and Fortinet relationship, should have created additional opportunities for partner-led growth. Margin and working-capital trends are expected to have remained important considerations. A greater contribution from Hyve is likely to have supported growth but might have weighed on consolidated gross margins because of business mix.
The company’s working-capital requirements could have remained elevated as Hyve scales manufacturing and supply-chain operations. In addition, tariffs, component availability and pricing changes could have created uncertainty around costs and demand. Management previously noted that price increases were beginning to take effect and that memory and CPU availability were factors incorporated into its outlook.
What Our Proven Model Says for SNX’s Q3 Earnings
Our proven model predicts an earnings beat for TD SYNNEX this time. According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
SNX has an Earnings ESP of +7.37% and carries a Zacks Rank #2 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With Favorable Combination
Here are some other stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Thor Industries is set to report fourth-quarter fiscal 2026 results on Sept. 22. The Zacks Consensus Estimate for Thor Industries’s fourth-quarter fiscal 2026 earnings is pegged at 95 cents per share, down by a penny over the past 30 days, indicating a decline of 58.9% from the year-ago quarter’s reported figure.
Micron Technology (MU - Free Report) has an Earnings ESP of +0.81% and a Zacks Rank #3 at present.
Micron Technology is slated to report fourth-quarter fiscal 2026 results on Sept. 30. The Zacks Consensus Estimate for Micron Technology’s fourth-quarter fiscal 2026 earnings is pegged at $31.45 per share, up by 6 cents over the past seven days, indicating a rise of 934% from the year-ago quarter’s reported figure.
Accenture (ACN - Free Report) has an Earnings ESP of +0.33% and carries a Zacks Rank #3 at present.
Accenture is set to report fourth-quarter fiscal 2026 results on Oct. 1. The Zacks Consensus Estimate for Accenture’s fourth-quarter earnings is pegged at $3.19 per share, unchanged over the past 30 days, indicating a rise of 5.3% from the year-ago quarter’s reported figure.
View the Zacks #1 Rank List
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TD SYNNEX to Report Q3 Earnings: What's in the Cards for the Stock?
Key Takeaways
TD SYNNEX (SNX - Free Report) is scheduled to report third-quarter fiscal 2026 results on Sept. 24, before market open.
For the third quarter of fiscal 2026, SNX expects non-GAAP earnings per share between $4.25 and $4.75. The consensus mark is pegged at $4.64 per share, indicating an increase of 29.6% from the prior-year quarter’s reported figure. The estimate has been revised over the past 60 days.
SNX’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 21.7%.
For the third quarter of fiscal 2026, SNX expects revenues between $18.2 billion and $19 billion. The Zacks Consensus Estimate is pegged at $18.8 billion, suggesting growth of approximately 20% from the year-ago quarter’s reported figure.
TD SYNNEX Corporation Price and EPS Surprise
TD SYNNEX Corporation price-eps-surprise | TD SYNNEX Corporation Quote
Factors to Consider for SNX Stock
TD SYNNEX is expected to maintain its growth momentum in the third quarter of fiscal 2026, supported by continued demand for AI infrastructure, enterprise IT modernization, cloud, cybersecurity and advanced technology solutions. The company’s broad distribution portfolio and expanding hyperscaler relationships are expected to have supported activity across both its Distribution and Hyve businesses in the to-be-reported quarter.
Hyve Solutions is likely to have remained a key growth driver as hyperscalers continue to expand AI and cloud infrastructure deployments. The division’s strong momentum has been supported by higher manufacturing volumes, supply-chain services and the ramp-up of hyperscaler programs. TD SYNNEX has secured programs with the top five U.S.-based hyperscalers, with additional programs expected to ramp during late 2026
The Distribution business is also expected to have benefited from broad-based IT spending, particularly in advanced solutions, networking, cloud and cybersecurity. Continued vendor additions and strategic partnerships are likely to have helped TD SYNNEX expand its portfolio and deepen its presence across regions. AI-related offerings and platform expansion are expected to have remained important areas of investor focus in the to-be-reported quarter.
The company’s selection by Hewlett Packard Enterprise as one of its global distribution partners, along with the expansion of its IBM distribution footprint and Fortinet relationship, should have created additional opportunities for partner-led growth. Margin and working-capital trends are expected to have remained important considerations. A greater contribution from Hyve is likely to have supported growth but might have weighed on consolidated gross margins because of business mix.
The company’s working-capital requirements could have remained elevated as Hyve scales manufacturing and supply-chain operations. In addition, tariffs, component availability and pricing changes could have created uncertainty around costs and demand. Management previously noted that price increases were beginning to take effect and that memory and CPU availability were factors incorporated into its outlook.
What Our Proven Model Says for SNX’s Q3 Earnings
Our proven model predicts an earnings beat for TD SYNNEX this time. According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.
SNX has an Earnings ESP of +7.37% and carries a Zacks Rank #2 at present. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With Favorable Combination
Here are some other stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this reporting cycle.
Thor Industries (THO - Free Report) has an Earnings ESP of +5.94% and carries a Zacks Rank #3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Thor Industries is set to report fourth-quarter fiscal 2026 results on Sept. 22. The Zacks Consensus Estimate for Thor Industries’s fourth-quarter fiscal 2026 earnings is pegged at 95 cents per share, down by a penny over the past 30 days, indicating a decline of 58.9% from the year-ago quarter’s reported figure.
Micron Technology (MU - Free Report) has an Earnings ESP of +0.81% and a Zacks Rank #3 at present.
Micron Technology is slated to report fourth-quarter fiscal 2026 results on Sept. 30. The Zacks Consensus Estimate for Micron Technology’s fourth-quarter fiscal 2026 earnings is pegged at $31.45 per share, up by 6 cents over the past seven days, indicating a rise of 934% from the year-ago quarter’s reported figure.
Accenture (ACN - Free Report) has an Earnings ESP of +0.33% and carries a Zacks Rank #3 at present.
Accenture is set to report fourth-quarter fiscal 2026 results on Oct. 1. The Zacks Consensus Estimate for Accenture’s fourth-quarter earnings is pegged at $3.19 per share, unchanged over the past 30 days, indicating a rise of 5.3% from the year-ago quarter’s reported figure.