Q3 FY2026 net sales were $5,160M, up 13.8% YoY (12.2% organic). Industrial Solutions grew 21.9% to $2,580M, driven by 34.0% organic growth in digital data networks (AI applications), 32.7% in energy (grid hardening and data centers), and 17.8% in commercial transportation; Transportation Solutions grew 6.7% to $2,580M with 4.5% organic growth led by automotive content-per-vehicle gains and 17.8% commercial transportation growth, partially offset by a 2.8% sensor decline. Net pricing actions added $34M to Q3 organic sales.
TE recorded $83M in restructuring charges in Q3 (vs. $14M in prior-year quarter), concentrated in Transportation Solutions ($79M), under a fiscal-2026 program to optimize the manufacturing footprint and reduce cost structure. Nine-month cumulative charges under the fiscal-2026 program totaled $86M; management expects completion by end of fiscal 2029 with ~$20M in additional charges and ~$58M in annualized run-rate savings (primarily in cost of sales and SG&A). Full-year fiscal-2026 restructuring charges are guided to ~$100M with ~$110M cash spend.
During the nine months ended June 26, 2026, TE acquired one business for $200M cash (net of cash acquired) with an estimated $150M earn-out liability, integrated into Industrial Solutions. As a subsequent event on July 22, 2026, TE signed a definitive agreement to acquire Astrodyne TDI, a power and filter solutions manufacturer, for ~$1.4B in cash, expected to close by end of calendar 2026 subject to regulatory approvals and also assigned to Industrial Solutions; the Q4 guidance excludes this transaction.
In Q3, TE filed a perfected prior disclosure with U.S. CBP regarding Section 301 unpaid duties, fees, and interest on certain imported products and paid $14M to CBP to resolve the matter; CBP's review remains pending. TE stated it does not expect the outcome to be material to results, financial position, or cash flows.
In February 2026, TEGSA replaced its $1.5B revolving credit facility with a new $3.0B five-year unsecured facility maturing February 2031 (with up to $1.0B incremental capacity) and issued $750M in new senior notes ($200M 4.50% due 2031; $550M 4.875% due 2036), while repaying $850M of maturing notes. No borrowings were drawn under the new facility at June 26, 2026. The Board also authorized a $3.0B increase to the share-repurchase program; TE repurchased ~2.5M shares (~$532M) in Q3, leaving $3.0B of remaining authorization.
Q4 FY2026 outlook (announced in this filing): net sales ~$5.25B and diluted EPS from continuing operations ~$2.84, reflecting a ~$10M FX headwind versus the prior-year quarter. The outlook assumes currency and commodity levels consistent with current rates and does not include Astrodyne TDI results. Effective at the start of Q3 FY2026, TE realigned a product line within Transportation Solutions (commercial transportation to automotive), with prior-period results recast; the realignment was deemed not significant.
(Filed on April 24, 2026)
+14.5%
36.8%
$1.1B
Q2 fiscal 2026 net sales were $4,744M, up 14.5% year-over-year (organic +7.2%). Industrial Solutions grew 27.0% to $2,322M, driven by digital data networks (organic +46.1%, attributed to AI and cloud applications), energy (organic +11.2%), and automation (organic +8.2%). Transportation Solutions grew 4.7% to $2,422M; automotive organic sales declined 3.8% on lower global vehicle production (partially offset by higher content per vehicle), while commercial transportation grew 17.1% organically. Gross margin expanded to 36.8% from 35.2% prior-year, attributed to higher volume and improved manufacturing productivity.
TE Connectivity initiated a new fiscal 2026 restructuring program to optimize its manufacturing footprint and improve cost structure, recording $6M in charges in the first six months. Total fiscal 2026 restructuring charges are expected to be approximately $100M, with annualized savings of ~$3M from H1 actions expected to be fully realized by end of fiscal 2027. Legacy fiscal 2025 footprint-consolidation actions remain in progress with ~$11M in additional charges anticipated (primarily Industrial Solutions facility exit costs), with completion expected by end of fiscal 2033.
During the first six months of fiscal 2026, the company acquired one business for $200M (net of cash), including an estimated $150M earn-out liability, reported in Industrial Solutions. Richards Manufacturing, acquired in Q3 fiscal 2025, contributed $120M in Q2 revenue. Q2 capital expenditures were $270M; full-year fiscal 2026 capex is guided at approximately 6% of net sales.
TEGSA refinanced its debt structure in the quarter: issued $200M of 4.50% senior notes due February 2031 and $550M of 4.875% senior notes due February 2036, while repaying $500M of 4.50% notes and $350M of 3.70% notes at their February 2026 maturities. A new $3.0B five-year revolving credit facility (replacing the prior $1.5B facility) was entered in February 2026, maturing February 2031, with no borrowings outstanding at quarter-end. The Board also authorized a $3.0B increase to the share repurchase program; ~1.88M shares were repurchased in Q2 at an average price of $219.95, leaving $3.6B of remaining authorization.
The company made a voluntary disclosure to U.S. Customs and Border Protection regarding potential Section 301 unpaid duties, fees, and interest on certain imported products and has reserved $27M for the exposure; the investigation remains open and the final outcome may differ. Separately, management guided Q3 fiscal 2026 net sales of approximately $5.0B (vs. $4.5B a year earlier) and diluted EPS from continuing operations of ~$2.44, reflecting sales growth in both segments.
(Filed on January 23, 2026)
+21.7%
37.2%
$1.3B
Net sales rose 21.7% to $4,669M (organic +15.0%). Industrial Solutions grew 38.2% (organic +26.3%), led by digital data networks (organic +69.7%, driven by AI and cloud applications) and energy (organic +14.6%); Transportation Solutions grew 10.0% (organic +7.0%) on higher automotive content per vehicle in Asia-Pacific (+9.9%) and EMEA (+3.9%). Operating margin expanded to 20.6% from 18.0%; Industrial Solutions segment operating margin jumped to 21.0% from 15.3%. Richards Manufacturing (acquired April 2025) contributed $107M of net sales and remains in internal-control integration.
TE Connectivity initiated a new fiscal 2026 restructuring program to optimize its manufacturing footprint and cost structure, recording $4M in charges in Q1 (Transportation Solutions $4M; Industrial Solutions $6M under the prior FY2025 program). The company expects total FY2026 restructuring charges of ~$100M and cash spend of ~$110M, funded from operating cash flow, with ~$3M in annualized cost savings expected to be fully realized by end of FY2027. Actions commenced in Q1 are expected to be completed by end of FY2028, with an additional ~$6M in facility exit costs anticipated in Industrial Solutions.
The company made a voluntary disclosure to U.S. Customs and Border Protection regarding potential Section 301 unpaid duties, fees, and interest on certain imported products. An investigation is ongoing with uncertain timing and outcome; TE Connectivity has reserved $27M, but the filing cautions that final duties, fees, interest, and penalties may differ from the reserve.
For Q2 FY2026, the company guided to net sales of ~$4.7B and diluted EPS from continuing operations of ~$2.26, reflecting a ~$180M positive FX impact and ~$0.05 EPS tailwind versus the prior-year quarter, and explicitly incorporating the impact of currently enacted tariffs and the company's planned tariff mitigation. No new acquisitions were completed in Q1 FY2026.
During the quarter, TE Connectivity repurchased 1.76M ordinary shares for $406M (average $231.06/share) and the Board declared a $0.71/share regular dividend payable March 13, 2026, leaving $983M of remaining buyback authorization. Operating cash flow was $865M; capital expenditures were $258M, with the company expecting FY2026 capex of ~6% of net sales.
(Filed on November 10, 2025)
+16.7%
35.0%
$1.3B
Annual context (fiscal 2025, 52 weeks ended Sep 26, 2025): TE reorganized into two reportable segments—Transportation Solutions (54% of net sales, $9,388M) and Industrial Solutions (46%, $7,874M)—recasting prior periods. Industrial Solutions grew 23.7% on 17.6% organic growth plus acquisition contribution, while Transportation Solutions declined 1.0% with an 8.0% organic drop in sensors and a 2.3% organic decline in commercial transportation; automotive was roughly flat organically, with 11.3% growth in Asia-Pacific offset by 10.5% and 5.0% declines in EMEA and the Americas.
Annual context: On April 1, 2025, TE acquired Richards Manufacturing (U.S. overhead/underground electrical and gas distribution) for approximately $2.3 billion in cash, folded into the energy business within Industrial Solutions. Richards contributed $179M in net sales and $5M in operating income (including $25M of acquisition costs) over the partial fiscal 2025 period. Two additional Industrial Solutions businesses were acquired for a combined $321M. Richards is excluded from the fiscal 2025 ICFR assessment pending integration (8% of total assets, 1% of net sales).
Annual context / sector-specific: Digital data networks organic net sales surged 72.6% in fiscal 2025 (to $2,208M, 28% of Industrial Solutions), which TE attributes primarily to growth in AI and cloud applications. Energy organic sales rose 15.0% (renewable energy in the Americas plus growth in EMEA and Asia-Pacific), and aerospace/defense/marine grew 9.5% organically on defense and commercial aerospace strength. Conversely, medical organic sales fell 17.1% on supply-chain inventory corrections.
Annual context: TE recorded $113M in net restructuring charges in fiscal 2025 (vs. $144M in fiscal 2024) tied to footprint consolidation and cost-structure improvements in both segments, with annualized savings of approximately $80M from fiscal 2025 actions expected to be fully realized by the end of fiscal 2026. Fiscal 2025 capex was $936M; TE projects fiscal 2026 capex at roughly 5% of net sales. OSHA total recordable incident rate was 0.06 with no fatalities. Total backlog at fiscal year-end 2025 was $6,188M, expected to be largely converted in fiscal 2026.
Q4-specific (quarter ended Sep 26, 2025): The board declared a regular quarterly dividend of $0.71 per ordinary share in September 2025 (payable Dec 12, 2025). TE repurchased 2,183,188 ordinary shares at a weighted-average price of $201.62 during the quarter, leaving approximately $1.39 billion of remaining authorization under its open-ended buyback program. No changes to ICFR were identified in Q4. Management provided a Q1 fiscal 2026 outlook of ~$4.5B net sales and ~$2.33 diluted EPS from continuing operations, reflecting growth in both segments, the Richards Manufacturing acquisition, and currently enacted tariffs.
