TD SYNNEX shares lead IT distributors after Q1 revenue beat; SNX rises 48.6%

TD SYNNEX Corp. (NYSE: SNX) has outperformed peers in the IT distribution and solutions group after reporting fiscal first-quarter revenue of $17.16 billion, up 18.1% from a year earlier and 9.5% above analyst estimates. Shares have risen 48.6% since the report and traded at $237.96 as of May 14, 2026. Across seven tracked IT distribution and solutions companies, first-quarter revenue exceeded consensus estimates by an average 6.4%, while next-quarter revenue guidance was 0.6% below expectations. The group’s shares have gained 8.4% on average since earnings. Avnet Inc. (NASDAQ: AVT) posted the largest revenue beat, with sales of $7.12 billion, up 33.9% and 10.3% above estimates; its shares rose 5.8% to $82.86. ScanSource Inc. (NASDAQ: SCSC) revenue rose 8.8% to $766.8 million, with shares up 6.8%. CDW Corp. (NASDAQ: CDW) beat revenue estimates but fell 24.8%, while Insight Enterprises Inc. (NASDAQ: NSIT) rose 27.9% despite the group’s slowest growth.