Archived explainer. For the current picture see today's SNX page.
Why Is TD SYNNEX CORP (SNX) Stock Down Today?
By the Top Tier Newswire AI Desk · September 24, 2026 at 5:50 PM ET · reviewed against 18 wire stories
TD SYNNEX CORP (SNX) is down -9.87% in the latest session. Our newswire has captured 18 stories on SNX across 9 sources in the last 36 hours, with AI sentiment reading mixed (avg 50/100).
Public view, delayed 4h. Every headline, price and sentiment read below — and this write-up itself — reaches Pro subscribers live. Public readers see it once it clears the delay.
TD SYNNEX (SNX) fell 9.87% to $259.47 in the session, marking one of the largest declines in its recent history. The drop came despite the company reporting record fiscal Q3 2026 results, including a 37.7% year-over-year revenue increase to $21.56 billion and non-GAAP gross billings up 40.0% to $31.83 billion. However, concerns over a 61-basis-point decline in gross margin to 6.61% and a $1 billion free cash flow burn highlighted operational strains, triggering a downgrade in analyst coverage and investor caution.
What Happened
The stock opened with a 2.6% gap up from the prior close of $287.89, but quickly reversed course amid growing investor skepticism. The company provided Q3 FY2026 guidance for non-GAAP EPS of $5.90 ± $0.25 and $22.2 billion in revenue, citing continued growth in its Hyve AI division. Despite these positive indicators, the earnings report revealed a significant free cash flow burn and working capital pressures. This prompted a downgrade to Hold from one analyst, who emphasized the risks of cash flow and margin compression. The stock reached a session low of $243.03 before settling at $259.47.
What The Data Shows
The session saw heavy volume of 2.5 million shares, more than three times the 3-month daily average. The stock printed one of its 17 fresh 52-week lows on the day, while also hitting a 52-week high earlier in the year. Recent insider activity has also drawn attention, with eight sales totaling $11.5 million reported in the last 90 days, including multiple transactions by Polk Dennis and Hume Richard T. The stock’s beta of 1.43 reflects its sensitivity to broader market swings, which were volatile due to concerns over rising bond yields and AI sector headwinds.
What To Watch
The company is scheduled to report Q4 FY2026 results in the coming weeks. Investors will be watching for further clarity on cash flow management, gross margin trends, and the sustainability of its AI-driven growth. Coverage breadth and sentiment shifts will also be key indicators ahead of the next earnings window.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
TD SYNNEX Corporation (SNX) Q3 2026 Earnings Call September 24, 2026 9:00 AM EDTCompany ParticipantsNate Friedel - Head of Investor RelationsPatrick Zammit...
45d agoThe FlyBEARISH 34Earnings
TD Synnex falls -12.6%
45d agoMarketChameleonBEARISH 42Earnings
SNX slides despite a record quarter as gross margin narrows 61 basis points
TD SYNNEX reported record fiscal Q3 2026 results, with revenue rising 37.7% year over year to $21.56 billion and non-GAAP gross billings up 40.0% to $31.83 billion. However, gross margin fell 61 basis points to 6.61% and quarterly free cash flow was negative, two factors that may have shaped the market’s immediate reaction as investors weighed growth versus profitability and working-capital needs.
45d agoBarron'sBEARISH 38Earnings
TD Synnex Falls After Beating Earnings Estimates. Cash Flow Is the Culprit.
45d agoBarron'sBEARISH 42General
Oracle, Meta, Everpure, MGM, BlackBerry, TD Synnex, and More Stocks That Explain Today’s Market
AI stocks struggle as Wall Street frets about rising bond yields, while Meta Platforms slides as investors lock in some profit after a 12% rally.
Want the next move before the crowd? The live terminal streams every headline in real time with watchlist alerts, AI sentiment, and the full data stack behind this page.Get Pro Access →