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TD Synnex sees 18% revenue growth as Hyve drives 27% of EBIT and expands US customer base.

Analyst Insights
02 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

TD Synnex reported strong Q1 2026 results with 18% revenue growth and a 60 basis point expansion in EBIT margin, driven by rapid scaling of its Hyve segment, which now accounts for 27% of EBIT. Hyve's addition of three new US hyperscaler customers reduces risk concentration and positions the company for further growth into fiscal year 2027. The price target was raised to $277, reflecting an expected 30% adjusted EPS growth for FY26 and continued margin expansion despite some working capital volatility.

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