TD SYNNEX beats fiscal Q3 estimates as shares fall on cash-flow strain

  • TD SYNNEX reported fiscal Q3 adjusted EPS of $5.68 and revenue of $21.56 billion.
  • Hyve gross billings rose 117% year over year to $7 billion.
  • TD SYNNEX forecast fourth-quarter adjusted EPS of $5.65 to $6.15.

TD SYNNEX reported fiscal third-quarter 2026 adjusted earnings per share of $5.68, above the $4.70 estimate, while revenue rose 37.75% year over year to $21.56 billion, exceeding the $18.90 billion forecast cited in the latest report. GAAP diluted EPS increased to $5.18 from $2.74, and non-GAAP gross billings reached a record $31.83 billion. Shares fell 8.74% intraday on Sept. 24, 2026, according to the latest report; an earlier publication cited a 12.40% decline to $252.19. The sell-off followed negative free cash flow of $975.6 million as Hyve Solutions financed rapidly expanding AI hardware programs. Hyve gross billings rose 117% to $7 billion, while management forecast fourth-quarter revenue of $21.8 billion to $22.6 billion and adjusted EPS of $5.65 to $6.15.

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