IT distribution giant TD SYNNEX (NYSE: SNX) will be reporting earnings this Tuesday before market hours. Here’s what investors should know.
TD SYNNEX beat analysts’ revenue expectations last quarter, reporting revenues of $17.38 billion, up 9.7% year on year. It was a strong quarter for the company, with an impressive beat of analysts’ revenue estimates and a solid beat of analysts’ EPS guidance for next quarter estimates.
Is TD SYNNEX a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting TD SYNNEX’s revenue to grow 7.8% year on year, improving from the 4% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. TD SYNNEX has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at TD SYNNEX’s peers in the tech hardware & electronics segment, only Jabil has reported results so far. It exceeded analysts’ revenue estimates, delivering year-on-year sales growth of 23.1%. The stock traded up 1.1% on the results.
Read our full analysis of Jabil’s earnings results here.The market narrative shifted from AI-driven sector rotation in late 2025 to geopolitical shock as the US-Iran conflict dominated early 2026. While some of the tech hardware & electronics stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 7.2% on average over the last month. TD SYNNEX’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $179.91 (compared to the current share price of $157.10).
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