TD Synnex Analysts Boost Their Forecasts After Q3 Results

TD SYNNEX Corp (NYSE: SNX ) on Thursday reported upbeat fiscal third-quarter 2026 results and issued stronger-than-expected guidance. Adjusted EPS rose 59% year over year to $5.68, beating the $4.70 estimate. Revenue jumped 37.7% to $21.56 billion, beating the $18.91 billion estimate. For the fourth quarter, TD SYNNEX expects adjusted EPS of $5.65 to $6.15, above the $4.87 estimate. Revenue is expected at $21.8 billion to $22.6 billion, also above the $19.36 billion consensus estimate. Non-GAAP gross billings are projected at $31.4 billion to $32.4 billion. “We delivered another record quarter, with Distribution and Hyve both performing above our expectations and growing above market,” said Patrick Zammit, CEO of TD SYNNEX. “Enterprise AI adoption is progressing toward broader production deployments. Data center modernization remains a priority as organizations prepare for next-generation infrastructure requirements, while AI is driving new security, governance, and compliance requirements across technology environments. We believe these trends expand our opportunities across Distribution and Hyve and support our confidence in our long-term growth potential.” TD SYNNEX shares gaine