TE Connectivity reported third quarter fiscal 2026 revenue of $5.16 billion and adjusted EPS of $2.94, beating consensus estimates of $5.01 billion and $2.84, respectively.
Key Highlights
- The company reported record net sales of $5.16 billion, representing 14% reported and 12% organic growth year-over-year, driven by strength in both the Industrial and Transportation segments.
- Achieved record orders of $5.7 billion, an increase of 27% year-over-year, with double-digit order growth across all businesses, indicating strong future demand.
- Adjusted operating margin expanded by 90 basis points year-over-year to 22%, while adjusted EPS grew 22% to a record $2.94.
- TE announced an agreement to acquire Astrodyne TDI for approximately $1.4 billion, a move expected to add over $250 million in annual sales to the Industrial Solutions segment.