TD Synnex posts record Q3 revenue of $21.6 billion as Hyve business more than doubles
TD Synnex Corp. reported record revenue of $21.6 billion for its fiscal Q3 ended Aug. 31. That was a 37.7% increase in revenue year over year and above the high end of its own outlook. Non-GAAP gross billings reached $31.8 billion, up 40% year over year. The results continued a streak of record quarters for […] The post TD Synnex posts record Q3 revenue of $21.6 billion as Hyve business more than doubles appeared first on Digital Commerce 360.
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TD Synnex Corp. reported record revenue of $21. 6 billion for its fiscal Q3 ended Aug. 31. That was a 37. 7% increase in revenue year over year and above the high end of its own outlook. Non-GAAP gross billings reached $31. 8 billion, up 40% year over year.
The results continued a streak of record quarters for the IT distributor, which has now reported record billings in each of the last several quarters as artificial intelligence (AI) infrastructure spending has accelerated across its customer base.
“We delivered another record quarter with Distribution and Hyve both performing above our expectations and growing above market,” CEO Patrick Zammit said in a written statement. News TD Synnex beats revenue outlook citing AI demand, Hyve growth in Q2 Mary Meisenzahl | Jun 29, 2026
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