0001104659-26-046285
SEC filingTE Connectivity reported Q2 FY2026 results with net sales of $4.74 billion up 15% year-over-year and record adjusted EPS of $2.73 up 24%, issuing Q3 guidance for ~$5 billion sales and $2.83 adjusted EPS.
TE Connectivity delivered Q2 FY2026 results significantly above guidance, with net sales reaching $4.74 billion, reflecting 15% reported growth (7% organic) driven by robust performance in the Industrial Solutions segment (up 27% reported, 17% organic) featuring double-digit growth in Digital Data Networks, Energy, and Automation & Connected Living, fueled by AI applications, grid modernization, and factory automation. Transportation Solutions grew 5% reported (down 1% organic), with strength in Commercial Transportation offsetting softer Automotive demand. Adjusted operating margin expanded 130 basis points to 22%, highlighting operational resilience and productivity gains across segments, leading to record adjusted EPS of $2.73, up 24% year-over-year. Record orders of $5.3 billion, up 25%, with book-to-bill of 1.12, signal sustained demand momentum across all businesses. Cash generation remained strong, with first-half free cash flow of $1.3 billion supporting $1.2 billion in shareholder returns, including a 10% quarterly dividend increase. CEO Terrence Curtin emphasized strategic positioning in AI, next-generation transportation, and electric grid trends. Q3 guidance projects sales of approximately $5 billion (10% reported, 9% organic growth) and adjusted EPS of $2.83 (17% growth), underpinned by ongoing order strength and operational execution, positioning the company for continued double-digit growth amid a dynamic global environment.