TD SYNNEX revenue climbs 38 per cent in Q3
Hyve sales surged more than 50 per cent, while turnover in both the Americas and Europe leapt over 30 per cent
TD SYNNEX has recorded double-digit growth in Q3, fuelled by gains across its distribution business and another surge from Hyve Solutions as well as strong momentum across all geographies.
Top line reached $21.6bn (£16.3bn) for the three months ended 31 August, up 37.7 per cent from $15.65bn a year earlier.
This was above the high end of the organisation’s previous outlook of between $18.2bn and $19bn.
Hyve sales soar 52 per cent
TD SYNNEX’s distribution business continued to account for most of its top line, but Hyve Solutions, the distie’s hyperscale datacentre infrastructure unit, delivered the fastest growth.
The division’s turnover surged 51.7 per cent to $3.8bn from $2.5bn a year earlier.
Distribution revenue reached $17.8bn during the quarter, up from $13.1bn a year earlier.
Within TD SYNNEX’s distribution portfolio, Advanced Solutions was another standout, as the segments top line leapt 57 per cent to $8.5bn.
Endpoint Solutions sales increased 20 per cent to $9.3bn.
"We delivered another record quarter, with Distribution and Hyve both performing above our expectations and growing above market," said Patrick Zammit, CEO of TD SYNNEX.
“Enterprise AI adoption is progressing toward broader production deployments.
“Datacentre modernisation remains a priority as organisations prepare for next-generation infrastructure requirements, while AI is driving new security, governance, and compliance requirements across technology environments.”
Positive momentum across all regions
TD SYNNEX recorded strong revenue gains across each of its three distribution regions, led by the Americas.
Americas distribution revenue jumped 39.9 per cent to $10.3bn from $7.4bn a year earlier.
Europe followed with a 30.2 per cent revenue increase, climbing from $4.9bn to $6.4bn.
Europe also delivered the fastest operating income growth of the three distribution regions.
Operating profit in the region more than tripled, skyrocketing 236.7 per cent to $117.5m.
APJ recorded a 21.7 per cent increase in revenue to $1.1bn.
TD SYNNEX’s nine-month performance and Q4 outlook
The performance takes TD SYNNEX’s revenue for the first nine months of FY26 to $58.3bn, compared with $45.1bn during the same period last year.
The distributor expects its top line to remain above the $20bn mark during its final quarter of the year.
TD SYNNEX is forecasting Q4 revenue of between $21.8bn and $22.6bn.
These results consolidate the distributor’s upward momentum, as its top line leapt 31 per cent to $19.6bn in Q2.