TE Connectivity reported second quarter fiscal 2026 results that surpassed analyst expectations, driven by strong growth in both its Industrial and Transportation segments and record order volumes. The company also provided a strong outlook for the third quarter, anticipating double-digit sales and EPS growth.
Key Highlights
- The company reported record orders of $5.3 billion, an increase of 25% year-over-year, with double-digit growth in both the Transportation and Industrial segments.
- Adjusted operating margin expanded by 130 basis points to 22.0%, reflecting strong operational performance across both segments.
- Net sales grew 15% on a reported basis and 7% organically, reaching $4.74 billion for the quarter.
- For the third quarter of fiscal 2026, TE Connectivity guided for sales of approximately $5.0 billion and adjusted EPS of approximately $2.83, representing year-over-year increases of 10% and 17%, respectively.