IT Distribution Stocks Post Strong Q1 Revenues; Ingram Micro Falls While TD SYNNEX (SNX) Soars

IT distribution and solutions companies reported robust first-quarter earnings, with aggregate revenues surpassing analysts’ estimates by 5.7%, yet stock performance diverged sharply. Ingram Micro (NYSE:INGM) saw its shares drop 12.1% following its May 29, 2026 release, despite revenue of $13.96 billion—a 13.7% year-over-year jump that beat expectations by 9.2%. In contrast, TD SYNNEX (NYSE:SNX) surged 52.8% after recording $17.16 billion in revenue, up 18.1% and exceeding forecasts by 9.5%. ScanSource (NASDAQ:SCSC) and Insight Enterprises (NASDAQ:NSIT) also topped revenue estimates, gaining 12% and 49.5% respectively, while CDW (NASDAQ:CDW) declined 14.6% despite a 3.8% beat. The sector’s overall strength was tempered by next-quarter revenue guidance that lagged consensus by 0.6%. The mixed investor reactions came as markets shifted focus from AI-driven disruption fears to escalating US-Iran geopolitical tensions, which are weighing on broader sentiment.