TD SYNNEX Corporation (NYSE: SNX) announced its financial results for the fiscal first quarter ended February 28, 2026, reporting record revenue of $17.2 billion, an increase of 18.1% year-over-year, significantly exceeding the high end of the company's outlook. On a constant currency basis, revenue increased by 13.2% year-over-year. The company also reported non-GAAP gross billings of $25.8 billion, up 24.4% year-over-year, and a non-GAAP diluted earnings per share (EPS) of $4.73, reflecting a remarkable 68.9% increase compared to the previous year. Additionally, TD SYNNEX announced a quarterly cash dividend of $0.48 per common share, marking a 9% increase year-over-year. CEO Patrick Zammit expressed satisfaction with the company's performance, highlighting strong results across both distribution and Hyve businesses, and the alignment of their strategy with partner needs. The company also provided an optimistic outlook for the second quarter of fiscal 2026, projecting revenue between $16.1 billion and $16.9 billion and non-GAAP gross billings between $24.6 billion and $25.6 billion. This positive performance and outlook are expected to reinforce investor confidence and support the company's stock price.

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