The company announced adjusted earnings of $4.85 per share for the quarter, ahead of analyst projections of earnings of $4.14 per share and representing a 62.2 percent increase from last year.
Revenue for the quarter came in at $19.58 billion, ahead of analyst expectations of $16.80 billion and up 31.0% year over year.
Sharing its expectations for the upcoming period, TD Synnex outlined earnings projections for the third quarter of fiscal year 2026 in the range of $4.25 to $4.75 per share, compared with analyst expectations of $4.03 per share. revenue projections was set between $18.20 billion and $19.00 billion, versus consensus estimates of $16.83 billion.
Patrick Zammit, CEO, stated, “We delivered a record quarter with broad-based strength across Distribution and Hyve, building on the momentum we have carried out of recent quarters.”
In pre-market trading, TD Synnex is up 7.49% to a price of $304.25 from the previous close. The stock’s 52-week trading range stands between $133.71 and $296.47.
