$TEL · TE Connectivity plc
TE Connectivity filed its FY2026 10-K (fiscal year ended September 25, 2026). Net sales grew 15.2% to $19.885B, driven by 11.9% organic growth, with net income of $3.253B and diluted EPS of $11.06 versus $6.16 in FY2025. Gross margin was 36.2% and operating margin 20.1%. The company also announced a pending $1.4B cash acquisition of Astrodyne and repurchased 2.63M shares in Q4.
- FY2026 net sales rose 15.2% to $19.885B, with 11.9% organic growth.
- Diluted EPS jumped to $11.06 from $6.16 in FY2025.
- Net income reached $3.253B versus $1.842B a year earlier.
- Industrial Solutions sales grew 25.8% to $9.903B, led by AI data center demand.
- Q4 buyback totaled 2.63M shares at an average $206.04 per share.
Shares closed up 5.67% to $218.74; extended-hours trading was flat at $218.75, suggesting the strong results were already priced in during the regular session.
TE Connectivity nearly doubled EPS year-over-year on AI-driven industrial growth, signaling strong execution in high-demand connectivity markets.
Industrial Solutions growth of 25.8% reflects AI data center and energy grid demand, positioning TE alongside peers like Amphenol and Molex in the connectivity boom.
IEEPA tariff refunds of $87M are expected to be returned to customers, and the Astrodyne deal remains subject to regulatory approval.