Business
TE Connectivity delivers results above guidance with 15% sales growth and over 20% EPS growth in second quarter of fiscal 2026
TE Connectivity plc (NYSE: TEL) today reported results for the fiscal second quarter ended March 27, 2026.
About this update from Te Connectivity Plc
[{"type":"text","content":"Third quarter guidance reflects double digit sales and EPS growth","length":65,"tagName":"p","attribs":{}},{"type":"text","content":"GALWAY, Ireland, April 22, 2026 /PRNewswire/ -- TE Connectivity plc (NYSE: TEL) today reported results for the fiscal second quarter ended March 27, 2026.","length":154,"tagName":"p"},{"type":"image","alt":"TE Connectivity (NYSE: TEL) highlights for the second quarter of fiscal 2026.","displaySize":"","headline":null,"caption":"TE Connectivity (NYSE: TEL) highlights for the second quarter of fiscal 2026.","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":400,"url":"https://media.zenfs.com/en/prnewswire.com/a31ff0b407a90f219277b5eb260ba664"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/f6DPETxGjKFB5CGWt4_8rA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNQ--/https://media.zenfs.com/en/prnewswire.com/a31ff0b407a90f219277b5eb260ba664","width":400,"height":400}},"href":"https://mma.prnewswire.com/media/2960698/TE_Connectivity_highlights_for_2Q_2026.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Second Quarter Highlights ","length":25,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net sales were $4.74 billion, an increase of 15% on a reported basis year over year, driven by growth in both the Industrial and Transportation segments, and 7% organically.","length":173,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP diluted earnings per share (EPS) from continuing operations was $2.90. Adjusted EPS was a record $2.73, an increase of 24% year over year.","length":143,"tagName":"p"}]},{"val":[{"type":"text","content":"GAAP operating margin was 20%, an increase of 200 basis points year over year. Adjusted operating margin expanded 130 basis points year over year to 22%, driven by strong operational performance across both segments.","length":216,"tagName":"p"}]},{"val":[{"type":"text","content":"Record orders of $5.3 billion, an increase of 25% year over year with double-digit order growth in both segments and growth in all businesses.","length":142,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash flow from operating activities during the first half of the fiscal year was $1.8 billion. Free cash flow was $1.3 billion, up 17% year over year.","length":150,"tagName":"p"}]},{"val":[{"type":"text","content":"Returned $...