AcquisitionsJul 22, 2026, 06:46 AM
TE Connectivity to Acquire Astrodyne TDI for $1.4B; Q3 Sales +14%
AI Summary
TE Connectivity plc announced strong third quarter fiscal 2026 results, with record net sales of $5.16 billion and adjusted EPS of $2.94, both exceeding guidance. The company also revealed an agreement to acquire Astrodyne TDI for approximately $1.4 billion, aiming to expand its power portfolio within the Industrial segment. This strategic acquisition, alongside robust operational performance and double-digit order growth, positions TE Connectivity for continued growth, with positive guidance for the fourth quarter.
Key Highlights
- TE Connectivity entered an agreement to acquire Astrodyne TDI for approximately $1.4 billion.
- Astrodyne TDI is expected to contribute over $250 million in annual sales to the Industrial Solutions segment.
- Q3 fiscal 2026 net sales were a record $5.16 billion, up 14% reported and 12% organically year over year.
- Adjusted EPS reached a record $2.94, an increase of 22% year over year.
- Record orders totaled $5.7 billion, up 27% year over year, with a book-to-bill ratio of 1.1.
- Adjusted operating margin expanded by 90 basis points year over year to 22%.
- Free cash flow was $883 million for the quarter and $2.2 billion year to date.
- For Q4 fiscal 2026, the company expects sales of approximately $5.25 billion and adjusted EPS of $3.05.
Price Impact
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