Equity Profile

SNX

TD SYNNEX Corporation

Information TechnologyTechnology Distributors$21.6B

Jun23Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

TD SYNNEX Corporation is a leading technology distributor that connects technology manufacturers with resellers and customers. Operating in the Information Technology sector, it plays a crucial role in the supply chain for technology products, including cloud solutions and IT services, which are increasingly important as businesses continue to digitize and adapt to new technologies.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share in a competitive environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SNX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+13.24%

Avg Stock Reaction

+0.46%

Last Quarter Recap

In Q1-2026, TD SYNNEX reported an impressive EPS of $4.73, significantly beating expectations by 55.49%. The stock reacted positively, gaining 5.36% the following day, reflecting strong investor confidence.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors await clarity on revenue growth and profitability metrics. The company's strong EPS performance in the last quarter raises hopes for continued success.

Bull Case

If TD SYNNEX continues to outperform expectations on EPS and shows strong revenue growth, it could signal robust demand for its services, leading to further stock price appreciation.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of margin compression, it could lead to a negative reaction from investors, especially given the recent insider selling.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for this quarter?

Revenue growth is critical for assessing the company's ability to expand its market share and maintain profitability in a competitive landscape.

How will the gross margin be affected by current market conditions?

Understanding gross margin trends will help investors gauge the company's cost management and pricing power amid fluctuating demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for TD SYNNEX to leverage its recent EPS success into sustained revenue growth, especially given the increasing demand for technology distribution.

Supporting Evidence

The company's strong EPS surprise of 55.49% last quarter indicates robust operational efficiency.

Options pricing suggests a significant move, reflecting heightened expectations that may not be fully appreciated by the market.

Key Risk

If revenue growth exceeds 10%, it could challenge the current cautious sentiment and lead to a re-evaluation of the stock's potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will reveal whether the company can sustain its recent success and navigate market challenges.

Bull Confirmed If

A revenue growth rate of over 10% year-over-year would confirm the bull case and suggest strong demand for TD SYNNEX's services.

Bear Confirmed If

A gross margin below 20% would confirm the bear case, indicating potential cost pressures and reduced profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.64%

Historical Avg

±7.0%

In line with history

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±7.6% while SNX has averaged ±7.0% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.4%

30d HV

30.2%

Calls (69K)P/C Ratio: 0.68Puts (17K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

This setup has occurred 30 times across Information Technology in the last 2 years. 4 of 9 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$526,750.00

2,500 sh

1 insider

Net

$526,750.00

Net selling

Most Active Insiders· 1 open-market trade

Chair, Hyve SolutionsPOLK DENNIS
$526,750.00

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If TD SYNNEX beats expectations and raises guidance, history suggests the stock could rise by around 0.85% on the following day, confirming strong demand.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience a muted reaction, reflecting uncertainty.

Miss

If the company misses expectations, history suggests a potential decline of around 2.25%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth expectations for the upcoming quarter.
2Details on how current market conditions are impacting gross margins.
3Insights into demand trends for technology distribution services.
4Management's outlook on competitive pressures in the industry.
5Any commentary on strategic initiatives or partnerships that could drive future growth.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share in a competitive environment.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

SNX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

88%

Avg EPS Surprise

+13.24%

Avg Stock Reaction

+0.46%

Last Quarter Recap

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, expectations are mixed as investors await clarity on revenue growth and profitability metrics. The company's strong EPS performance in the last quarter raises hopes for continued success.

Bull Case

If TD SYNNEX continues to outperform expectations on EPS and shows strong revenue growth, it could signal robust demand for its services, leading to further stock price appreciation.

Bear Case

Conversely, if the company fails to meet revenue expectations or shows signs of margin compression, it could lead to a negative reaction from investors, especially given the recent insider selling.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the revenue growth rate be for this quarter?

Revenue growth is critical for assessing the company's ability to expand its market share and maintain profitability in a competitive landscape.

How will the gross margin be affected by current market conditions?

Understanding gross margin trends will help investors gauge the company's cost management and pricing power amid fluctuating demand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for TD SYNNEX to leverage its recent EPS success into sustained revenue growth, especially given the increasing demand for technology distribution.

Supporting Evidence

The company's strong EPS surprise of 55.49% last quarter indicates robust operational efficiency.

Options pricing suggests a significant move, reflecting heightened expectations that may not be fully appreciated by the market.

Key Risk

If revenue growth exceeds 10%, it could challenge the current cautious sentiment and lead to a re-evaluation of the stock's potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is crucial as it will reveal whether the company can sustain its recent success and navigate market challenges.

Bull Confirmed If

A revenue growth rate of over 10% year-over-year would confirm the bull case and suggest strong demand for TD SYNNEX's services.

Bear Confirmed If

A gross margin below 20% would confirm the bear case, indicating potential cost pressures and reduced profitability.

Pre-Earnings Positioning

Options Market

Implied Move

±7.64%

Historical Avg

±7.0%

In line with history

The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.

Options are pricing ±7.6% while SNX has averaged ±7.0% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.4%

30d HV

30.2%

Calls (69K)P/C Ratio: 0.68Puts (17K)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 4 of 9 (44%)

Edge

Insider Activity

Open-market trades by officers, directors, and 10%+ holders over the trailing 90 days.

Bought

$0.00

0 sh

0 insiders

Sold

$526,750.00

2,500 sh

1 insider

Net

$526,750.00

Net selling

Most Active Insiders· 1 open-market trade

Chair, Hyve SolutionsPOLK DENNIS
$526,750.00

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If TD SYNNEX beats expectations and raises guidance, history suggests the stock could rise by around 0.85% on the following day, confirming strong demand.

In-Line / Cautious

If results are in line with expectations but management provides cautious commentary, the stock may experience a muted reaction, reflecting uncertainty.

Miss

If the company misses expectations, history suggests a potential decline of around 2.25%, indicating investor disappointment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on revenue growth expectations for the upcoming quarter.
2Details on how current market conditions are impacting gross margins.
3Insights into demand trends for technology distribution services.
4Management's outlook on competitive pressures in the industry.
5Any commentary on strategic initiatives or partnerships that could drive future growth.