• TD SYNNEX published the transcript of its fiscal Q2 2026 earnings call attended by CEO Patrick Zammit, CFO David Jordan, IR head Nate Friedel, analysts.
• Non-GAAP gross billings rose 33% to USD 28.9 billion; non-GAAP EPS increased 62% to USD 4.85; operating income climbed 49% to USD 615 million.
• Distribution billings grew 22% to USD 23.4 billion; operating margin improved 19 bps to 1.9%; strategic inventory added 5-10 bps to gross margin.
• Hyve billings surged 117% to USD 5.5 billion; operating margin fell 50 bps to 3.3% on mix; manufacturing was about two-thirds.
• Management flagged accelerating component price increases into Q3; no demand destruction seen yet; Q3 non-GAAP billings guided to USD 27.7 billion, EPS USD 4.5.

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