TE Connectivity beats fiscal Q3 estimates as record sales, orders, adjusted EPS, and margins improve.
Stock Earnings Results
July 22, 2026
Table of Contents
July 22, 2026
TE Connectivity Ltd. (NYSE: TEL) reported fiscal third-quarter 2026 results above expectations, supported by record sales, record adjusted EPS, strong orders, margin expansion, and double-digit growth across key industrial markets.
TE Connectivity is a global industrial technology company that provides connectivity and sensor solutions used in transportation, energy networks, automation, data centers, industrial equipment, aerospace, defense, marine, and medical markets.
The company reported adjusted EPS of $2.94, above estimates of $2.84, representing a 3.5% earnings surprise. Revenue came in at $5.16 billion, above estimates of $4.95 billion, with revenue growth of 13.8%.
Net sales reached a record $5.16 billion, up 14% year-over-year on a reported basis and 12% organically.
GAAP diluted EPS from continuing operations was $2.55, up 19% from the prior-year quarter.
Adjusted EPS reached a record $2.94, up 22% year-over-year.
GAAP operating margin was 19.0%, up 10 basis points from the prior year.
Adjusted operating margin expanded 90 basis points to 21.9%, driven by strong operational performance.
TE Connectivity reported record orders of $5.7 billion.
Orders increased 27% year-over-year, with double-digit order growth across all businesses.
Management said demand improved across both the Industrial and Transportation segments.
CEO Terrence Curtin said the company saw increased momentum in AI, both in data centers and the broader energy infrastructure market.
Industrial Solutions sales increased 21.9% to $2.58 billion.
Organic sales growth in the segment was 21.0%.
Growth was led by Digital Data Networks, Energy, Automation and Connected Living, and Aerospace, Defense and Marine.
Digital Data Networks sales increased 34.2%, while Energy sales increased 34.4%.
Industrial Solutions adjusted operating margin was 22.8%, compared with 22.1% in the prior-year quarter.
Transportation Solutions sales increased 6.7% to $2.58 billion.
Organic sales growth was 4.5%.
Automotive sales increased 5.2%, while Commercial Transportation sales increased 19.6%.
Transportation adjusted operating margin was 21.0%, compared with 20.1% in the prior-year quarter.
Management said Transportation growth was supported by higher content with customers and outperformance versus end markets.
Cash flow from operating activities was $1.2 billion for the quarter.
Free cash flow was $883 million.
For the first nine months of fiscal 2026, operating cash flow was $3.0 billion and free cash flow was $2.2 billion.
TE Connectivity returned $2.0 billion to shareholders year-to-date.
The company also entered an agreement to acquire Astrodyne TDI for about $1.4 billion, expanding its power portfolio in the Industrial segment.
For the fiscal fourth quarter, TE Connectivity expects sales of about $5.25 billion.
That would represent 11% growth year-over-year on both a reported and organic basis.
Adjusted EPS is expected to be about $3.05, up 18% year-over-year.
GAAP EPS from continuing operations is expected to be about $2.84, up 27% year-over-year.
TE Connectivity delivered a strong fiscal third quarter.
Revenue beat expectations, adjusted EPS reached a record, operating margins expanded, and orders increased sharply across all businesses. Industrial Solutions was the main growth driver, helped by demand tied to data centers, energy infrastructure, automation, aerospace, defense, and marine markets.
The key question is whether TE Connectivity can sustain double-digit growth as it invests in power, connectivity, and AI infrastructure-related demand.
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