| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 4.7K | 1.6% | 14.5% |
| Total Income | 4.7K | 1.6% | 14.5% |
| Expenditure | 3.8K | 2.3% | 11.6% |
| PBT | 942.00 | 2.0% | 24.8% |
| Net Profit | 855.00 | 14.0% | 6476.9% |
| OPM | 20.11% | 0.52pp | 2.05pp |
| NPM | 18.02% | 1.96pp | 17.71pp |
| EPS | 2.92 | 14.5% | 7200.0% |
TE Connectivity: Q2 FY26 Sales Up 15%, Adjusted EPS Grows 24%
22 Apr 2026 · 22 Apr, 3:39 pm
Summary
TE Connectivity reported strong second-quarter fiscal 2026 results, with net sales of $4.74 billion, a 15% increase year-over-year. Adjusted EPS reached a record $2.73, up 24% compared to the previous year. The company's record orders of $5.3 billion reflect a 25% increase year-over-year. For the third quarter of fiscal 2026, TE Connectivity anticipates sales of approximately $5 billion and adjusted EPS of around $2.83, indicating continued growth.
Key Highlights
- 1
Net sales reached $4.74 billion, reflecting a 15% increase year-over-year, driven by growth in both the Industrial and Transportation segments.
- 2
GAAP diluted earnings per share from continuing operations was $2.90, while adjusted EPS was a record $2.73, up 24% year-over-year.
- 3
GAAP operating margin increased by 200 basis points year-over-year to 20%, with adjusted operating margin expanding 130 basis points to 22%.
- 4
The company reported record orders of $5.3 billion, a 25% increase year-over-year, with double-digit order growth in both segments.
- 5
Cash flow from operating activities for the first half of the fiscal year was $1.8 billion, and free cash flow was $1.3 billion, up 17% year-over-year.
- 6
TE Connectivity returned $1.2 billion to shareholders during the first half of the fiscal year and announced a 10% increase in the quarterly cash dividend.
- 7
Looking ahead to Q3 FY26, the company expects sales of approximately $5 billion, a 10% increase year-over-year, and adjusted EPS of approximately $2.83, a 17% increase year-over-year.
Management Comments
Terrence Curtin
Our teams delivered another quarter of results above guidance, including double-digit sales growth and record adjusted EPS. This performance and our record orders were driven by our strategic positioning in key trends including AI, next generation transportation and electric grid modernization, along with the broadening of growth across our portfolio. We’re well positioned to capitalize on the proliferation of data and power to provide our customers with leading interconnect technologies. Our strong margin performance reflects the resilience we’ve built to mitigate the dynamic environment we continue to operate in around the world.
Terrence Curtin
Looking ahead to the third quarter, our ongoing orders momentum across all businesses positions us to deliver double digit sales growth to $5 billion, with continued strong operational performance to drive a double-digit increase in EPS. We continue to invest in innovative products and technologies that support our global customers and fuel our future growth.
Informational and educational content only. Not investment advice.