TE Connectivity beats Q1 sales estimates on strong AI demand
Overview
Industrial tech firm's fiscal Q1 sales rose 22%, beating analyst expectations
Adjusted EPS for fiscal Q1 increased 33%, exceeding analyst expectations
Company reported record quarterly orders of $5.1 bln, up 28% yr/yr
Outlook
Company expects Q2 FY26 sales of approximately $4.7 bln, up 13% year over year
TE Connectivity projects Q2 FY26 adjusted EPS of approximately $2.65, up 20% year over year
Company anticipates continued growth from investments in AI and next-generation vehicles
Result Drivers
SEGMENT GROWTH - Sales growth driven by Industrial and Transportation segments, with Industrial Solutions showing a 38% increase
INVESTMENT IMPACT - Growth from investments in data and power connectivity for AI, energy grid hardening, and vehicles
RECORD ORDERS - Record orders of $5.1 billion, reflecting strong demand and market position
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Sales | Beat | $4.67 bln | $4.53 bln (17 Analysts) |
Q1 Adjusted EPS | Beat | $2.72 | $2.55 (17 Analysts) |
Q1 EPS from continuing operations |
| $2.53 |
|
Q1 Net Income |
| $750 mln |
|
Press Release: ID:nPn70496xa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.
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