TD Synnex (SNX) Q1 FY26 earnings call

TD SYNNEX delivered a strong start to fiscal year 2026, achieving record non-GAAP gross billings and EPS, fueled by robust performance across both its Distribution and Hyve segments. The company is strategically evolving its segment reporting to provide clearer insights into its distinct business models and is making targeted investments in engineering and manufacturing capabilities, particularly within Hyve, to capitalize on growing demand for AI-enabled infrastructure. While demand remains strong, management maintains a cautiously optimistic outlook for the second half of the fiscal year.