Episode
SNX Stock: TD Synnex Crushed It On AI Servers - So Why Did It Drop? Q2 FY2026
- Published
- Jun 25, 2026
- Duration seconds
- 656
- Processing state
not_requested
Actions
POST https://stenobird.com/v1/public/podcasts/charged-alpha-stock-encyclopedia-7819792/episodes/snx-stock-td-synnex-crushed-it-on-ai-servers-so-why-did-it-drop-q2-fy2026/transcription-requests
Idempotently request low-priority transcript generation for this episode.GET https://stenobird.com/podcast/charged-alpha-stock-encyclopedia-7819792/snx-stock-td-synnex-crushed-it-on-ai-servers-so-why-did-it-drop-q2-fy2026.md
Read the agent-friendly Markdown representation of this episode resource.
Summary
SNX (TD Synnex) reported Q2 FY2026 earnings on 2026-06-25. Stock fell 2.4% on the print. Here's the breakdown: Is SNX a buy, hold, or sell after this quarter? In this TD Synnex (SNX) Q2 FY2026 earnings breakdown we cover the revenue and EPS print, the 8-quarter trend, segment detail, the free-cash-flow bridge, forward guidance, peer valuation, and management & earnings quality - ending with a clear price-aware Buy / Hold / Avoid Call and a Wall Street consensus comparison. If you follow Technology stocks or SNX earnings, this is the Q2 FY2026 deep dive. 🎧 Listen on Podbean: https://chargedalpha.podbean.com (also on Apple Podcasts & Spotify) 🔔 Subscribe for daily earnings deep-dives → @ChargedAlpha | Call tracker: chargedalpha.com THE CALL: BUY (3/5 conviction, MODERATE) - CURRENT @ $283.22 - BUY - BUY below $260.00 with $210.00 stop - AVOID above $340.00 TRIGGER: AI-server (Hyve) orders re-accelerate + the $18.2-19B Q3 guide proves conservative WINDOW: Through FQ3 2026 earnings (September 2026) TRACKER: chargedalpha.com WALL STREET CONSENSUS - Ratings: 6 Strong Buy / 13 Buy / 4 Hold / 1 Sell / 0 Strong Sell - BUY - Median 12-month price target: $315.00 (range $240 - $360) - Charged Alpha vs consensus: ALIGNED (BUY, value-aware) THESIS The cheapest large-cap proxy on the AI-infrastructure build-out - record $19.6B revenue (+31%) driven by Hyve AI servers - trading at a value-distributor ~13x earnings with a sub-1 PEG, against ~2% margins and lumpy order timing. Bull lever: If hyperscaler AI-server capex stays strong and Hyve keeps winning builds, revenue compounds well above the distribution average, the soft guide proves conservative, and a sub-1-PEG stock re-rates higher. Key risk: If AI-server orders stall or gross margin slips below ~7%, a thin-margin distri…