TD Synnex

Q2 FY2026 EarningsQ2 FY26 results significantly exceeded consensus across all top-line and bottom-line metrics: revenue of $19.57B beat the $16.80B expectation (+16.49%), while normalized EPS of $4.15 outperformed the $4.14 mean. The beat was primarily driven by the Hyve Solutions segment, which saw a 49% YoY revenue surge due to strong demand in manufacturing and supply chain services. Despite a slight gross margin miss (6.84% vs. 7.13% expected) due to product mix, strong operating leverage from volume growth and net-basis revenue presentation in cloud/software services bolstered overall profitability.