| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 68 | 15.3x | 17.3x | Top tier | |
Growth | 64 | 24.1% | 7.1% | Around median | |
Quality | 39 | 11.6% | 4.5% | Bottom tier | |
Safety | 47 | 1.8x | 2.6x | Around median | |
Capital Return | 80 | 0.75% | 0.06% | Top tier | |
Momentum | 83 | 71.7% | -1.6% | Top tier | |
Sentiment | 44 | 8 | 3 | Around median |
The floor: what the company is worth if growth stopped today
10-year US Treasury yield 4.96% as of 2026-10-22. Estimates computed from company data and analyst targets, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
TD Synnex Corp operates through two interconnected businesses within the technology ecosystem. The Distribution business distributes computers, data center equipment, networking products, software, and artificial intelligence products, while adding integration, deployment, financing, and supply chain management services for vendors and customers. Hyve provides manufacturing and supply chain services for advanced infrastructure, including artificial intelligence servers and network racks, so its growth depends on the volume of programs awarded by customers and how quickly they move from initial investment to mature production.
In fiscal Q3 2026 ended 2026-08-31, revenue reached $21.6 billion, up 37.7% year over year from $15.7 billion in fiscal Q3 2025. Net income was $416.2 million and diluted earnings per share were $5.2, while operating margin increased to 3.0% from 2.5% a year earlier, and gross margin declined to 6.6% from 7.2%. On a non-GAAP gross billings basis, Distribution contributed $24.8 billion, up 27%, and Hyve contributed $7.0 billion, up 117%, showing that both businesses participated in the growth, but Hyve grew faster.
Earnings strength was offset by clear cash pressure; fiscal Q3 2026 recorded negative operating cash flow of $916.7 million, and the company ended the period with $749.3 million in cash and investments and $5.5 billion in total debt. During the 90 days through 2026-10-02, three insiders executed 37 sales worth $4.8 million, including $4.5 million under 10b5-1 plans and $325952 outside them, while no open-market purchases were recorded. The largest seller was a board member, with sales worth $2.5 million.
Q3 FY2026
Last 12 months to 2026-08-31
When: 2027-01-14
Revenue compared with the guidance midpoint of $22.2 billion
Operating cash flow compared with the zero threshold
Gross margin compared with the 6.6% level
Analyst targets give a median value of $335 within a range of $287 to $379 according to four analysts, a low-confidence reading and an indicative measure that incorporates their expectations for future growth. The no-growth value method gives $110 at a discount rate of 11.7%, measuring what remains if current after-tax operating profit stays constant forever. The two methods agree that current earnings have value, but they differ clearly because analyst targets price in continued growth, while the $110 value excludes any future growth. Analyst targets are inherently inclined toward optimism, while cash flow models tend to be conservative, and the average consensus target has increased to $336.67 from $328 since the 2026-09-25 analysis.
Figures in the text are as of 2026-10-02; the live price is shown at the top of the page.
Fiscal Q3 2026 revenue for the period ended 2026-08-31 reached approximately $21.6 billion, representing year-over-year growth of 37.7% from $15.7 billion. Distribution's non-GAAP gross billings grew 27% to $24.8 billion, driven by broad-based demand, particularly for data center infrastructure. Hyve's non-GAAP gross billings increased 117% to $7.0 billion, with manufacturing growing by more than 130% and supply chain services by more than 90%.
Net income was $416.2 million and diluted earnings per share were $5.2 in fiscal Q3 2026 ended 2026-08-31. Operating margin increased to 3.0% from 2.5% in the comparable quarter, reflecting operating leverage and expense control. However, gross margin declined to 6.6% from 7.2%, because large transactions and artificial intelligence infrastructure programs carry margins below the average mix.
Automated analysis for informational purposes only — not investment advice.
Non-GAAP diluted earnings per share compared with the guidance midpoint of $5.90
Hyve's non-GAAP gross billings reached $7.0 billion in fiscal Q3 2026, up 117% year over year. Manufacturing accounted for nearly two-thirds of Hyve's gross billings, and the unit is working on new programs for three hyperscale computing operators and advanced liquid-cooled network racks that are expected to enter production in the first half of fiscal 2027. In contrast, its non-GAAP operating margin declined from 5.04% to 3.61% because of the mix of large artificial intelligence server programs and the investments required to ramp production.
Management expects revenue of $22.2 billion with a margin of $400 million in fiscal Q4 2026. It is also targeting non-GAAP net income of $474 million with a margin of $20 million, and non-GAAP diluted earnings per share of $5.90 with a margin of $0.25. The company expects sequential growth in Hyve's gross billings and cash generation as working capital begins to normalize, with the next earnings announcement expected on 2027-01-14.
Total debt was $5.5 billion and cash and investments were $749.3 million in fiscal Q3 2026 ended 2026-08-31. During the last 12 months through 2026-08-31, the company repurchased $466.1 million of shares, while stock-based compensation was $78.0 million. The diluted share count declined 3.0% to 79.4 million shares from 81.9 million shares in the comparable quarter, and the board also approved cash dividends of $0.48 per share, payable on 2026-10-30 to shareholders of record on 2026-10-16.