The strong beat and raised guidance confirm accelerating momentum in AI, energy, and transportation end markets. The Astrodyne TDI acquisition expands the Industrial segment's power portfolio at a reasonable multiple (~5.6x sales). Watch for closing of the deal by year-end and any updates on integration. The stock should re-rate higher given consistent outperformance vs the business model outlined at Investor Day.
Price Chart
Executive Summary
TE Connectivity reported record Q3 FY2026 results with net sales of $5.16B (+14% YoY) and adjusted EPS of $2.94 (+22% YoY), both above consensus. The company raised Q4 guidance to ~$5.25B in sales and ~$3.05 adjusted EPS, and announced the $1.4B acquisition of Astrodyne TDI to expand its power portfolio. Record orders of $5.7B (+27% YoY) reinforce broad-based growth momentum across Industrial and Transportation segments.
Key Financial Metrics
Key Facts
- Record Q3 net sales of $5.16B, up 14% reported and 12% organically YoY
- Record adjusted EPS of $2.94, up 22% YoY, beating consensus of $2.84
- Record orders of $5.7B, up 27% YoY with book-to-bill of 1.10
- Q4 guidance: sales ~$5.25B (+11% YoY), adjusted EPS ~$3.05 (+18% YoY)
- Announced $1.4B acquisition of Astrodyne TDI (expected annual sales >$250M)
- Adjusted operating margin expanded 90bps YoY to 21.9%
- YTD free cash flow of $2.2B; $2.0B returned to shareholders YTD
Financial Impact
Revenue beat consensus by ~$150M (3.0%); EPS beat by $0.10 (3.5%). Acquisition adds >$250M in annual sales.
Risk Factors
- Integration risk from the $1.4B Astrodyne TDI acquisition
- Potential cyclical slowdown in automotive or industrial end markets
- Foreign exchange headwinds (FX impact of $72M in Q3)
- Restructuring charges of $83M in Q3 may indicate ongoing cost actions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-085589 |
| Document: tel-20260722xex99d2.htm | 0001104659-26-085589 |
| Document: tel-20260722x8k.htm | 0001104659-26-085589 |
| Document: 0001104659-26-085589-index-headers.html | 0001104659-26-085589 |
| Document: 0001104659-26-085589-index.html | 0001104659-26-085589 |
| Document: 0001104659-26-085589.txt | 0001104659-26-085589 |
| 8-K Data (Synthetic) | 0001104659-26-085589 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 17, 2026 6w ago | Court Ruling | $217.38 $203.37 | ▼ −6.44% | ▼ −4.92% | $220.52 (+1.44%) |
Jul 22, 2026 10w ago | 8-K | $200.28 $203.57 | ▲ +1.64% | ▼ −1.25% | $220.52 (+10.11%) |
Apr 22, 2026 23w ago | 8-K | $220.98 $196.07 | ▼ −11.27% | ▼ −14.44% | $220.52 (−0.21%) |
US Market Status
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