TE Connectivity plcTEL
TE Connectivity plc Financial Overview 2021–2025
Updated Jul 10, 2026TE Connectivity’s Industrial Solutions segment delivered a massive 23.7% revenue surge in FY2025, an unusually steep growth rate for a mature hardware manufacturer. This jump proves the company is successfully shifting its primary growth engine away from cyclical automotive markets and directly into high-demand AI, cloud, and energy infrastructure.
The broader business has demonstrated steady expansion, as net sales grew from $14.92 billion in FY2021 to $17.3 billion in FY2025. While the legacy Transportation segment faced headwinds, the company aggressively reshaped its portfolio by deploying $2.3 billion to acquire Richards Manufacturing, cementing its footprint in industrial energy networks. Operational execution remained tight throughout this transition. Better manufacturing productivity and strategic pricing pushed gross margins from 32.7% in FY2021 to 35.2% in FY2025. This efficiency translated into a highly generative cash engine, producing $4.1 billion in operating cash flow during the latest fiscal year.
Investors have rewarded this strategic pivot toward higher-margin data and energy sectors. At the close of FY2025, the stock traded at $217.04, representing a 35.2x P/E ratio based on its $6.16 EPS for the year.
Recent Developments (Q1 and Q2 2026)
TE Connectivity sustained aggressive momentum through the first half of fiscal 2026, highlighted by a 14.5% year-over-year revenue increase to $4.74 billion in Q2 2026. This followed a 21.7% net sales jump to $4.7 billion in Q1 2026. Profitability accelerated, with second-quarter gross margins reaching 36.8% and diluted earnings per share expanding to $2.90 from $0.04 a year prior. Management also fortified the balance sheet by securing a new $3 billion credit facility and issuing $750 million in senior notes to refinance near-term debt.
Bulls will highlight the Industrial Solutions segment's sustained expansion, growing another 27.0% in Q2 2026. Bears might caution that overall organic growth decelerated from 15.0% in Q1 2026 to 7.2% in Q2 2026. The stock appears richly valued at 34.8x earnings as of April 24, 2026, leaving little room for operational missteps.
What to watch: execution of the remaining $3.6 billion share repurchase authorization; trajectory of overall organic sales growth
Rev
$17.26B
FY2025
NI
$1.84B
FY2025
EPS
$6.20
FY2025
OCF
$4.14B
FY2025
Year-over-year comparison from 10-K annual reports
Data from SEC Company Facts
Recent SEC Filings
TE Connectivity plc 8-K Report, Financial Results (Apr 22, 2026)
TE Connectivity plc (TEL) filed an 8-K on April 22, 2026, to report its second quarter fiscal year 2026 results. While the filing itself does not contain the detailed financial figures, it directs investors to a furnished press release (Exhibit 99.1) for the complete results of operations and financial condition. The report also announces an upcoming conference call and webcast to discuss these results, with presentation materials available as Exhibit 99.2 and on the company's investor website.
TE Connectivity plc 8-K Report, Shareholder Vote Results (Mar 11, 2026)
TE Connectivity plc (TEL) filed an 8-K on March 11, 2026, detailing the outcomes of its Annual General Meeting (AGM) of Shareholders. The meeting saw high shareholder participation, with over 90% of outstanding shares represented. All agenda items presented to shareholders were overwhelmingly approved, indicating strong support for the company's current board of directors and its operational and financial strategies. The key resolutions passed include the election of all thirteen director nominees, the ratification of Deloitte & Touche LLP as independent auditors, and the approval of the company's executive compensation. Furthermore, shareholders authorized the company to conduct market purchases of its own shares and approved the price range for re-allotting treasury shares. The robust voting margins across all proposals suggest a confident shareholder base regarding the company's governance and strategic direction.
TE Connectivity plc 8-K Report, Material Agreement (Feb 17, 2026)
TE Connectivity plc (TEL) has executed a new Five-Year Senior Credit Agreement, establishing a $3 billion revolving credit facility. This new facility replaces its previous $1.5 billion credit line and extends the maturity date to February 13, 2031, with options for further extension. This strategic move enhances the company's financial flexibility and is intended to support its commercial paper program. The agreement includes provisions for potential increases in the credit line and outlines various interest rate options tied to market benchmarks plus an applicable margin. Notably, the company terminated its existing agreement without incurring early termination penalties. Key financial covenants within the new agreement include a leverage ratio that, if exceeded (Consolidated Total Debt to Consolidated EBITDA above 3.75:1, or 4.25:1 post-Qualified Acquisition), could trigger an Event of Default. Investors should note that the interest rates on borrowings are variable, linked to benchmark rates such as Term SOFR for USD, and include an annual facility fee ranging from 5.0 to 12.5 basis points. The company also engages in customary financial services with the lenders and their affiliates, which is a standard practice.
TE Connectivity plc 8-K Report, Corporate Update (Feb 9, 2026)
TE Connectivity plc (TEL), through its wholly-owned subsidiary Tyco Electronics Group S.A. (TEGSA), announced the issuance of new senior notes totaling $750 million. This offering comprises $200 million of 4.500% Senior Notes due 2031, which are fungible with existing notes, and $550 million of 4.875% Senior Notes due 2036. The net proceeds, approximately $745.5 million after deducting underwriter discounts, are earmarked for the repayment of existing debt, specifically the 3.700% Senior Notes due 2026 and 4.500% Senior Notes due 2026, as well as for general corporate purposes. The new notes are unsecured senior obligations of TEGSA, fully and unconditionally guaranteed on an unsecured senior basis by TE Connectivity plc and TE Connectivity Switzerland Ltd. This debt issuance aims to manage TE Connectivity's capital structure by refinancing upcoming maturities and potentially optimizing its interest expense. Investors should note the coupon rates and maturity dates, which reflect current market conditions for a company of TE Connectivity's credit profile.
TE Connectivity plc 8-K Report, Financial Results (Jan 21, 2026)
TE Connectivity plc (TEL) has filed an 8-K report on January 21, 2026, primarily to disclose its first-quarter results for fiscal year 2026. The filing incorporates by reference a press release (Exhibit 99.1) that contains the detailed financial performance for the quarter ending January 20, 2026. Investors should refer to this press release for specific revenue, profitability, and segment performance figures. The report also indicates that TEL will host a conference call and webcast on January 21, 2026, to discuss these results, with presentation materials (Exhibit 99.2) made available to the public. While this 8-K doesn't provide the actual financial numbers directly, it serves as the official notification and access point to the Company's Q1 FY2026 earnings information. Key metrics and management commentary regarding the operational and financial condition of the company will be found within the furnished press release and accompanying presentation. Investors looking for forward-looking guidance or strategic updates should carefully review these supplemental materials.
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