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TE Connectivity (TEL) stock

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NYSE: TEL NYSE Electronic Manufacturing Services Next results ~January 20, 2027

C+ Fundamentals grade

TE Connectivity is a US-listed company in the electronic manufacturing services industry. Its financial year ends in September.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$280

Cash-flow model

Base case. Range ~$210–$380 across our lower- and higher-growth cases (6.1%–16.1% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 23% below our base value.

Price used: $217.51, November 2, 2026

TE Connectivity valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter TE Connectivity files

Where TE Connectivity stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $19.3bn, up 16.5% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at 17.2%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 4 of our 7 financial-health checks. Our cash-flow model value is $294 a share, against a share price of $211. At that price, our model says the market is pricing in about 5.8% a year of cash-flow growth for five years, close to the 5.3% a year revenue growth it has delivered.

Source: 10-Q filed July 24, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 20, 2027 (estimated)

TE Connectivity's trailing-twelve-month revenue grew 16.5% year on year, with a free-cash-flow margin of 17.2%. Where it stands out: gross margin of 36.1% ranks 1 of 12 electronic manufacturing services companies we cover. Where it lags: change in growth rate of -0.1pp ranks 11 of 12 electronic manufacturing services companies we cover.

Our discounted-cash-flow model values the business at ~$280 per share in the base case (~$210–$380 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 15.0% while net income grew 107.3%: a 92pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Priced below our value. The share price of $217.51 is 30% below our value per share of $280.
  • Fast growth. Revenue grew 16.5% over the last 12 months, against a median of 16.5% for electronic manufacturing services companies we cover.
  • Shrinking share count. Diluted shares fell 1.8% in a year, so each share owns more of the business.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Volatile shares. Over the past year the shares showed annualised volatility of 36% and a beta of 1.7 against the S&P 500.
  • Insiders selling. 5 insiders sold $53M of stock over the past 365 days and none bought (43% under pre-set trading plans).
  • Below peers: change in growth rate. Change in growth rate of -0.1pp ranks 11 of 12 electronic manufacturing services companies we cover (median +4.0pp).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 0.9% ranks 10 of 11 electronic manufacturing services companies we cover (median 0.6%).

Latest results: FY2026 Q3

Filed July 24, 2026
Earnings per share
$3.14 against an average estimate of $3.07: beat by 2.2%
Revenue
$5.16bn, up 13.8% on a year earlier
Share reaction
-1.1% in the first session after the results on October 28, 2026, against 0.0% for the S&P 500
Guidance given
sales $5.25bn (fourth quarter of fiscal 2026); adjusted EPS $3.05 (fourth quarter of fiscal 2026)
Next report
January 20, 2027; average EPS estimate $3.30

TE Connectivity's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.1%
  • 1 week+1.7%
  • 1 month-1.3%
  • This year-3.4%
  • 1 year-11.0%
  • 5 years+53.2%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$19.3B
Operating margin
19.7%
Net margin
15.6%
EPS (TTM, diluted)
$10.21

Growth

Revenue growth
+16.5%
Change in growth rate
−0.1 pts
Share count change
−1.8%

Cash

Free cash flow (TTM)
$3.3B
FCF margin
17.2%
Stock pay % of revenue
0.9%

Earnings

Last results
October 28, 2026
Next results (est.)
January 20, 2027

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Leadership
  2. Announcement
  3. Results
  4. Results
  5. Leadership
  6. Dividend
  7. Guidance
  8. Results
  9. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

TE Connectivity valuation models and calculator

What the price is pricing in

The share price implies about 6.1% a year of cash-flow growth for five years.That is close to the 5.3% a year revenue growth TE Connectivity has delivered.

  • Priced in6.1%
  • Last 12 months16.5%
  • 3 years a year5.7%
  • 5 years a year5.3%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($219.94, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$280
Price used
$219.94close November 3, 2026
Implied change
▲ +28%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of TE Connectivity's free cash flow after stock-based pay with after-tax interest added back ($3.3B, FY2026 Q3 TTM), growing 8.1% and 9.7% in the next two years (forecasts, guidance and its record), then back to 11.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$210–~$380 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of TE Connectivity's free cash flow after stock-based pay ( $3.3B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value TE Connectivity as an operating company, with every model that fits that kind of business. Cost of equity 10.5%: the 10-year Treasury yield (4.9%) plus a beta of 1.23 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$280 ~$210–$380 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$200 ~$170–$230 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$120 ~$91–$160 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$110 ~$99–$130 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$200 ~$110–$280 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare TE Connectivity with Electronic Manufacturing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −6%
  • Last year's free-cash-flow margin change, if it persists ▼ −1%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $146$204$282$384$517$689
8.5% $108$150$206$279$374$496
10% $84$117$160$216$288$381

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$54.10$71.27$76.78$82.72$86.91$133.29$103.67$118.15$147.16$214.71$217.51
Market value$20.0bn$25.5bn$27.1bn$28.1bn$28.9bn$44.4bn$33.7bn$37.5bn$45.5bn$64.2bn$64.3bn
+ Net debt (− = net cash)$3.4bn$3.1bn$3.2bn$3.0bn$3.2bn$2.9bn$3.1bn$2.5bn$2.9bn$4.4bn$4.4bn
Enterprise value$23.4bn$28.7bn$30.3bn$31.2bn$32.1bn$47.3bn$36.8bn$40.0bn$48.4bn$68.6bn$68.7bn
Multiples
Price / sales 1.8x2.1x1.9x2.1x2.4x3.0x2.1x2.3x2.9x3.7x3.3x
Price / earnings 9.9x15.2x10.6x15.3x—19.6x13.9x19.6x14.2x34.9x21.3x
Price / free cash flow 14.9x15.5x17.9x16.8x20.2x22.3x19.8x15.6x16.3x20.0x19.4x
EV / EBITDA 9.9x11.5x10.1x11.7x25.7x14.8x10.4x12.9x13.4x17.0x14.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

72 /100

Strong moat

How hard TE Connectivity's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Cash operating profit has been a median 14.9% of total assets over 10 years.

  • Pricing power 12 / 20

    Gross margin has been a median 33.4%, moving by 1.5 percentage points (standard deviation) across 10 years.

  • Durability 9 / 20

    Operating margin has been a median 15.6%; its worst year was 5.2%.

  • Cash conversion 17 / 20

    Free cash flow was positive in 10 of 10 years, at a median 13.0% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 10.9% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (77 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 20, 2027, before the open. Analysts expect revenue of $5.4bn and EPS of $3.30 (range $3.29 to $3.34) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $13.58 +18% $22.4bn +13%
Next $15.12 +11% $23.9bn +7%

Next year's EPS estimate has moved +4.9% in 90 days, across 15 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +5.2% on 90 days ago. In the last 30 days, 4 analysts raised TE Connectivity's forecast and 1 cut it.

Consensus EPS forecast TE Connectivity, last 90 days
$12.00 $13.00 $14.00 $15.00 $16.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $12.91 Current fiscal year, 60 days ago: $12.91 Current fiscal year, 30 days ago: $12.92 Current fiscal year, 7 days ago: $12.97 Current fiscal year, Now: $13.58 $13.58 Next fiscal year, 90 days ago: $14.41 Next fiscal year, 60 days ago: $14.41 Next fiscal year, 30 days ago: $14.43 Next fiscal year, 7 days ago: $14.53 Next fiscal year, Now: $15.12 $15.12

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $12.91$14.41
60 days ago $12.91$14.41
30 days ago $12.92$14.43
7 days ago $12.97$14.53
Now $13.58$15.12

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $3.07 $3.14 +2.2%
Jun 2026 $2.84 $2.94 +3.3%
Mar 2026 $2.70 $2.73 +1.1%
Dec 2025 $2.55 $2.72 +6.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, July 22, 2026
  • sales fourth quarter of fiscal 2026 about $5.25bn
    “For the fourth quarter of fiscal 2026, the company expects sales of approximately $5.25 billion, an increase of 11% year over year on both a reported and organic basis.” source
  • Adjusted EPS fourth quarter of fiscal 2026 about $3.05 Non-GAAP
    “Adjusted EPS is expected to be approximately $3.05, an increase of 18% year over year.” source
  • GAAP EPS from continuing operations fourth quarter of fiscal 2026 about $2.84 GAAP
    “GAAP EPS from continuing operations is expected to be approximately $2.84, an increase of 27% year over year.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows TE Connectivity's revenue by +8.1% next year and +9.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+5.8%, weight 56%) , management guidance (+10.5%, weight 19%) and the company's own record (+11.1%, weight 25%) . How the weights are set.

Analyst recommendations

19 analysts, Oct 2026
Buy1368%
Hold632%
Sell00%

Monthly trend

  1. Oct 202612619
  2. Sep 202612619
  3. Aug 202611719
  4. Jul 202611719

Counts of recommendations published by analysts covering TE Connectivity, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.5%
of tradable shares
Days to cover
3.39
at average volume
Short interest, 1 month
−26%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
0.1%
of shares
Employees
100,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −11.0%

$244.35 on October 31, 2025 to $217.51

ThenNowEffect
Revenue (last 12 months) $16.6bn $19.3bn +16.5%
Net margin 8.8% 15.6% +77.9%
P/E multiple 50.5x 21.3x −57.8%
Share count 301m 296m +1.9%

Biggest factor: p/e multiple.

Last 3 years +80.8%

$120.29 on November 3, 2023 to $217.51

ThenNowEffect
Revenue (last 12 months) $16.4bn $19.3bn +18.1%
Net margin 12.6% 15.6% +23.6%
P/E multiple 18.5x 21.3x +15.0%
Share count 318m 296m +7.7%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
TEL+35%−28%+25%+4%+61%−3%
Industry peers (median)+33%+3%+6%+14%+52%+0%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
TEL67%33%67%58%83%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
TEL−10%−34%−20%−11%−22%−21%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 48% from March 9, 2018 to March 18, 2020. Getting back needed a 91% gain, reached on September 2, 2020, 168 days after the low.

Price behaviour

52-week range
$194.33 – $246.32
From 52-week high
−11.7%
vs 50-day average
+2.9%
vs 200-day average
+2.8%
Volatility (1 year)
36%
Beta vs S&P 500
1.66

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±4.9%
After a week
5 up, 6 down
typical move ±5.5%
After a month
5 up, 6 down
typical move ±6.2%
Results releasedNext dayS&P 500 next day5 days21 days
October 28, 2026 −1.1% 0.0% — —
July 22, 2026 −4.9% −1.3% −1.0% −4.1%
April 22, 2026 −10.5% +0.6% −15.6% −16.7%
January 21, 2026 −0.8% +1.7% −4.9% +0.9%
October 29, 2025 +2.9% −1.1% +5.3% −4.4%
July 23, 2025 +13.9% +0.9% +14.5% +11.0%
April 23, 2025 +7.5% +3.7% +9.7% +19.6%
January 22, 2025 +5.9% +1.1% −0.4% +4.6%
December 17, 2024 −3.4% −3.4% −3.0% −1.1%
October 30, 2024 −3.4% −2.3% +1.4% −0.6%
July 24, 2024 +2.1% −2.8% +1.9% −0.5%
April 24, 2024 −1.9% −0.4% −2.6% +5.2%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How TE Connectivity’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Options look fairly priced

Implied volatility is within its normal range against realised. Selling options earns the usual premium, nothing extra.

  • Implied is 1.17× the last 60 days’ realised volatility , richer than 48% of the 229 stocks we screen today.
  • Puts and calls are priced at about the same implied volatility.
  • Why: implied is not far enough above realised, or not unusual against our coverage.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C+ (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

TE Connectivity in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) TE Connectivity
$15B $16B $17B $18B $19B $20B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $16B Revenue (TTM), FY24 Q1: $16B Revenue (TTM), FY24 Q2: $15.8B Revenue (TTM), FY24 Q3: $15.8B Revenue (TTM), FY24 Q4: $15.8B Revenue (TTM), FY25 Q1: $15.9B Revenue (TTM), FY25 Q2: $16B Revenue (TTM), FY25 Q3: $16.6B Revenue (TTM), FY25 Q4: $17.3B Revenue (TTM), FY26 Q1: $18.1B Revenue (TTM), FY26 Q2: $18.7B Revenue (TTM), FY26 Q3: $19.3B $19.3B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $16B
FY24 Q1 $16B
FY24 Q2 $15.8B
FY24 Q3 $15.8B
FY24 Q4 $15.8B
FY25 Q1 $15.9B
FY25 Q2 $16B
FY25 Q3 $16.6B
FY25 Q4 $17.3B
FY26 Q1 $18.1B
FY26 Q2 $18.7B
FY26 Q3 $19.3B
Revenue growth, TTM YoY TE Connectivity
-10% 0% 10% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -1.5% Revenue growth, TTM YoY, FY24 Q1: -1.7% Revenue growth, TTM YoY, FY24 Q2: -3.8% Revenue growth, TTM YoY, FY24 Q3: -3.3% Revenue growth, TTM YoY, FY24 Q4: -1.2% Revenue growth, TTM YoY, FY25 Q1: -1.1% Revenue growth, TTM YoY, FY25 Q2: 1.2% Revenue growth, TTM YoY, FY25 Q3: 4.9% Revenue growth, TTM YoY, FY25 Q4: 8.9% Revenue growth, TTM YoY, FY26 Q1: 14.2% Revenue growth, TTM YoY, FY26 Q2: 16.7% Revenue growth, TTM YoY, FY26 Q3: 16.5% 16.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -1.5%
FY24 Q1 -1.7%
FY24 Q2 -3.8%
FY24 Q3 -3.3%
FY24 Q4 -1.2%
FY25 Q1 -1.1%
FY25 Q2 1.2%
FY25 Q3 4.9%
FY25 Q4 8.9%
FY26 Q1 14.2%
FY26 Q2 16.7%
FY26 Q3 16.5%
Operating margin (TTM) TE Connectivity
14% 16% 18% 20% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 14.4% Operating margin (TTM), FY24 Q1: 15.6% Operating margin (TTM), FY24 Q2: 16.8% Operating margin (TTM), FY24 Q3: 17.6% Operating margin (TTM), FY24 Q4: 17.6% Operating margin (TTM), FY25 Q1: 17.6% Operating margin (TTM), FY25 Q2: 17.7% Operating margin (TTM), FY25 Q3: 17.8% Operating margin (TTM), FY25 Q4: 18.6% Operating margin (TTM), FY26 Q1: 19.3% Operating margin (TTM), FY26 Q2: 19.7% Operating margin (TTM), FY26 Q3: 19.7% 19.7%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 14.4%
FY24 Q1 15.6%
FY24 Q2 16.8%
FY24 Q3 17.6%
FY24 Q4 17.6%
FY25 Q1 17.6%
FY25 Q2 17.7%
FY25 Q3 17.8%
FY25 Q4 18.6%
FY26 Q1 19.3%
FY26 Q2 19.7%
FY26 Q3 19.7%
FCF margin (TTM) TE Connectivity
14% 15% 16% 17% 18% 19% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 15.0% FCF margin (TTM), FY24 Q1: 16.0% FCF margin (TTM), FY24 Q2: 16.9% FCF margin (TTM), FY24 Q3: 18.4% FCF margin (TTM), FY24 Q4: 17.7% FCF margin (TTM), FY25 Q1: 18.3% FCF margin (TTM), FY25 Q2: 17.4% FCF margin (TTM), FY25 Q3: 17.4% FCF margin (TTM), FY25 Q4: 18.6% FCF margin (TTM), FY26 Q1: 17.3% FCF margin (TTM), FY26 Q2: 18.1% FCF margin (TTM), FY26 Q3: 17.2% 17.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 15.0%
FY24 Q1 16.0%
FY24 Q2 16.9%
FY24 Q3 18.4%
FY24 Q4 17.7%
FY25 Q1 18.3%
FY25 Q2 17.4%
FY25 Q3 17.4%
FY25 Q4 18.6%
FY26 Q1 17.3%
FY26 Q2 18.1%
FY26 Q3 17.2%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar TE Connectivity took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $17.3B
  2. Cost of revenue $11.2B · 64.8%
  3. Gross profit $6.1B · 35.2%
  4. Research and development $699M · 4.0%
  5. Selling, general and admin $1.9B · 10.8%
  6. Other operating costs $303M · 1.8%
  7. Operating income $3.2B · 18.6%
  8. Income tax $1.4B · 7.9%
  9. Net income $1.8B · 10.7%

Shares of revenue. Source: TE Connectivity's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Sept 2009 2010 Sept 2010 2011 Sept 2011 2012 Sept 2012 2013 Sept 2013 2014 Sept 2014 2015 Sept 2015 2016 Sept 2016 2017 Sept 2017 2018 Sept 2018 2019 Sept 2019 2020 Sept 2020 2021 Sept 2021 2022 Sept 2022 2023 Sept 2023 2024 Sept 2024 2025 Sept 2025 LTM Jun 2026
Income
Revenue 10.3 11.7 13.8 13.3 11.4 12.0 12.2 11.4 12.2 14.0 13.4 12.2 14.9 16.3 16.0 15.8 17.3 19.3
Gross profit 2.5 3.6 4.3 4.0 3.7 4.0 4.1 3.8 4.2 4.7 4.4 3.7 4.9 5.2 5.1 5.5 6.1 7.0
EBITDA −3.0 2.0 2.3 2.1 1.9 2.4 2.4 2.4 2.5 3.0 2.7 1.2 3.2 3.5 3.1 3.6 4.0 4.7
Operating income −3.5 1.5 1.7 1.5 1.4 1.8 1.7 1.8 1.9 2.3 2.0 0.5 2.4 2.8 2.3 2.8 3.2 3.8
Net income −3.3 1.1 1.2 1.1 1.3 1.8 2.4 2.0 1.7 2.6 1.8 −0.2 2.3 2.4 1.9 3.2 1.8 3.0
Diluted EPS −$7.11 $2.41 $2.81 $2.59 $3.02 $4.27 $5.89 $5.44 $4.70 $7.27 $5.42 −$0.73 $6.79 $7.47 $6.03 $10.33 $6.16 $10.21
Growth (year on year)
Revenue −28.6% +13.9% +18.0% −3.6% −14.2% +5.1% +2.2% −7.2% +7.3% +14.8% −3.9% −9.5% +22.6% +9.1% −1.5% −1.2% +8.9% +16.5%
EBITDA −234.4% — +14.5% −5.5% −9.7% +22.6% +0.4% +0.1% +5.0% +20.5% −11.0% −53.2% +156.7% +10.6% −12.5% +16.9% +11.8% +27.8%
Operating income −308.9% — +16.2% −10.0% −8.8% +30.3% −3.1% +3.4% +3.8% +24.3% −15.1% −72.9% +353.3% +13.2% −16.4% +21.4% +14.8% +29.5%
Net income −293.5% — +12.9% −10.7% +14.7% +39.6% +35.9% −17.0% −16.2% +52.4% −28.1% −113.1% — +7.4% −21.3% +67.2% −42.3% +107.3%
Diluted EPS −304.9% — +16.6% −7.8% +16.6% +41.4% +37.9% −7.6% −13.6% +54.7% −25.4% −113.5% — +10.0% −19.3% +71.3% −40.4% +111.1%
Margins
Gross margin 24.7% 31.2% 31.0% 30.5% 32.1% 33.2% 33.4% 33.7% 34.3% 33.9% 32.7% 30.7% 32.7% 32.2% 31.5% 34.4% 35.2% 36.1%
EBITDA margin −28.9% 16.8% 16.3% 16.0% 16.9% 19.7% 19.3% 20.9% 20.4% 21.4% 19.8% 10.3% 21.5% 21.7% 19.3% 22.9% 23.5% 24.3%
Operating margin −33.9% 12.4% 12.2% 11.4% 12.2% 15.1% 14.3% 15.9% 15.4% 16.7% 14.7% 4.4% 16.3% 16.9% 14.4% 17.6% 18.6% 19.7%
Net margin −31.8% 9.4% 9.0% 8.4% 11.2% 14.9% 19.8% 17.7% 13.8% 18.3% 13.7% −2.0% 15.2% 14.9% 11.9% 20.2% 10.7% 15.6%
Free-cash-flow margin 9.8% 11.1% 8.7% 10.6% 12.9% 12.1% 10.9% 11.8% 13.5% 10.8% 12.4% 11.8% 13.3% 10.4% 15.0% 17.7% 18.6% 17.2%
Cash flow
Cash from operations 1.3 1.7 1.8 1.9 2.0 2.1 1.9 1.9 2.3 2.5 2.4 2.0 2.7 2.5 3.1 3.5 4.1 4.4
Capital spending 0.3 0.4 0.6 0.5 0.6 0.6 0.6 0.6 0.7 0.9 0.7 0.6 0.7 0.8 0.7 0.7 0.9 1.1
Free cash flow 1.0 1.3 1.2 1.4 1.5 1.4 1.3 1.3 1.6 1.5 1.7 1.4 2.0 1.7 2.4 2.8 3.2 3.3
Stock-based pay 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2
Free cash flow after stock pay 1.0 1.2 1.1 1.3 1.4 1.4 1.2 1.3 1.5 1.4 1.6 1.4 1.9 1.6 2.3 2.7 3.1 3.1
Balance sheet
Cash 1.5 2.0 1.2 1.6 1.4 2.5 3.3 0.6 1.2 0.8 0.9 0.9 1.2 1.1 1.7 1.3 1.3 1.2
Total debt 2.4 2.4 2.7 3.7 3.0 3.9 3.9 4.1 4.4 4.0 4.0 4.1 4.1 4.2 4.2 4.2 5.7 5.6
Net debt (negative = net cash) 0.9 0.4 1.5 2.1 1.6 1.4 0.6 3.4 3.1 3.2 3.0 3.2 2.9 3.1 2.6 2.9 4.4 4.4
Diluted shares 459m 457m 443m 430m 423m 417m 411m 369m 358m 353m 340m 332m 333m 325m 317m 309m 299m 296m
Returned to shareholders
Dividends 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.7 0.7 0.8 0.8 0.9
Buybacks 0.2 0.5 0.9 0.2 0.8 0.6 1.0 2.8 0.6 0.9 1.1 0.5 0.8 1.4 0.9 2.1 1.3 1.8
Total returned 0.4 0.8 1.2 0.5 1.2 1.0 1.5 3.3 1.2 1.5 1.7 1.1 1.5 2.1 1.7 2.8 2.2 2.6

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

4 of 7 checks passed · June 26, 2026
What it owns · $26.1bn
Short-term assets $8.7bnLonger-term assets $17.3bn
What it owes, and who funded it · $25.9bn
Short-term liabilities $4.7bnLonger-term liabilities $8.0bnShareholders' equity $13.2bn
  • Short-term assets cover short-term liabilities $8.7bn of assets due within a year against $4.7bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $8.7bn short-term assets against $8.0bn of longer-dated liabilities.
  • More cash than debt $1.2bn of cash against $5.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 43% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 32% to 43% over five years.
  • A year's operating cash flow covers at least 20% of debt $4.4bn of operating cash flow against $5.6bn of debt.
  • Operating profit covers interest at least five times over Operating income of $3.8bn against $122m of interest.

From TE Connectivity's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$1.8B
Dividends (TTM)
$852M
Returned to shareholders
80%
of free cash flow
Buybacks, last 3 fiscal years
$4.4B
Diluted share count
−1.8%
year over year
Total shareholder yield
4.1%
dividends 1.3% + buybacks 2.8% of market value
Dividend payout ratio
28%
of net income paid out
Sales & admin spending
10.9%
of revenue
Days sales outstanding
71 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in electronic manufacturing services
Last 12 months unless stated TEL CLS SANM FLEX JBL FN Median
Revenue, last 12 months $19.3bn $18.2bn $12.8bn $31.0bn $36.0bn $4.6bn $4.3bn
Revenue growth, last 12 months 16.5% 61.6% 58.6% 17.5% 20.6% 35.7% 14.7%
Revenue growth, 3-year average 5.7% — 11.9% 3.3% 1.2% 20.6% 1.2%
Revenue growth, latest quarter 13.8% 82.5% 69.7% 24.8% 28.6% 44.6% 24.8%
Gross margin 36.1% 11.5% 9.0% 9.5% 9.2% 12.0% 10.9%
Operating margin 19.7% 8.3% 4.2% 5.1% 4.7% 10.0% 4.7%
Operating margin, 3-year average 18.4% — 4.4% 4.4% 5.2% 9.7% 4.4%
Net margin 15.6% 6.8% 2.4% 3.4% 2.9% 10.2% 3.1%
Cash from operations / revenue 22.9% 7.7% 7.1% 5.2% 5.6% 5.5% 5.5%
Free-cash-flow margin 17.2% 3.0% 4.7% 2.5% 3.8% 0.1% 2.8%
Free-cash-flow margin, 3-year average 17.7% — 4.1% 3.9% 3.7% 6.3% 4.1%
Stock pay / revenue 0.9% 0.5% 0.7% 0.5% 0.4% 0.7% 0.5%
Change in share count −1.8% 0.8% −0.7% −2.9% −3.6% −0.0% −0.8%

Median of all 12 companies we cover in electronic manufacturing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

12 electronic manufacturing services companies
Measure Company Peer median Rank
Revenue growth Growth 16.5% 16.5% 6 of 12
Change in growth rate Growth -0.1pp +4.0pp 11 of 12
Gross margin Profitability 36.1% 11.4% 1 of 12
Operating margin Profitability 19.7% 4.7% 1 of 12
Net margin Profitability 15.6% 3.4% 2 of 12
Free-cash-flow margin Cash generation 17.2% 3.0% 1 of 12
Stock pay as % of revenue Cash generation 0.9% 0.6% 10 of 11
Long-term debt as % of assets Balance sheet 21.2% 10.6% 8 of 9
Change in share count Balance sheet -1.8% -0.7% 3 of 12
Days sales outstanding Balance sheet 71 days 68 days 5 of 7

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to September 26, 2025
Segments
Line of business Revenue Share YoY
Transportation Solutions $9.4B 54.4% ▼ 1.0%
Industrial Solutions $7.9B 45.6% ▲ 23.7%
Geography
Region Revenue YoY
Asia Pacific $6.6B ▲ 22.1%
EMEA $5.7B ▼ 2.7%
Americas $5B ▲ 8.5%
China $4.6B ▲ 29.1%
United States $4.4B ▲ 9.7%
Switzerland $3.9B ▼ 1.2%
Other Asia Pacific $1.9B ▲ 8.1%
Other Europe Middle East Africa $1.7B ▼ 3.9%
Other America $560M ▲ 0.2%
Germany $193M ▼ 18.2%

These categories overlap or exclude eliminations, so shares aren't shown.

From TE Connectivity's 10-K filed November 10, 2025, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$55.3B
Institutions reporting
1,271
Shares held vs prior quarter
▲ 2.9%
Positions opened / closed
128 / 108

Top buyers and sellers, Q2 2026: 597 institutions bought and 553 sold ; the biggest buyer was Wellington Management Group LLP (+2.5M shares) and the biggest seller Ameriprise Financial Inc (−2.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $5.5B 27.1M 9.9% ▲ 4.7%
Vanguard Capital Management LLC $3.8B 19.0M 6.9% 0.0%
Dodge & Cox $3.4B 17.0M 6.2% ▲ 15.5%
Vanguard Portfolio Management LLC $3.4B 16.8M 6.1% ▲ 1.2%
State Street Corp $2.8B 13.6M 5.0% ▲ 5.7%
Wellington Management Group LLP $1.6B 7.7M 2.8% ▲ 48.2%
Price T Rowe Associates Inc $1.5B 7.7M 2.8% ▼ 14.5%
Ameriprise Financial Inc $1.3B 6.6M 2.4% ▼ 26.6%
Geode Capital Management, LLC $1.3B 6.6M 2.4% ▲ 1.7%
Bank Of America Corp $1.1B 5.6M 2.0% ▼ 6.0%
Clearbridge Investments, LLC $739M 3.7M 1.3% ▼ 12.7%
Jpmorgan Chase & Co $738M 3.7M 1.3% ▲ 67.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not TE Connectivity's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $52.5M 44 trades by 5 insiders · 43% under pre-set plans
Net ▼ $52.5M net selling
Insider Date Trade Shares Price Value
Kroeger Shadrak W Pres., Industrial Solutions June 1, 2026 Sell pre-set plan 9,400 $215.00 $2M
Kroeger Shadrak W Pres., Industrial Solutions May 6, 2026 Sell pre-set plan 9,400 $215.00 $2M
Kroeger Shadrak W Pres., Industrial Solutions April 8, 2026 Sell pre-set plan 4,930 $222.85 $1.1M
Kroeger Shadrak W Pres., Industrial Solutions April 8, 2026 Sell pre-set plan 4,470 $223.72 $1M
Kroeger Shadrak W Pres., Industrial Solutions March 2, 2026 Sell pre-set plan 3,370 $221.94 $747,921
Kroeger Shadrak W Pres., Industrial Solutions March 2, 2026 Sell pre-set plan 2,059 $225.65 $464,613
Kroeger Shadrak W Pres., Industrial Solutions March 2, 2026 Sell pre-set plan 2,015 $222.77 $448,891
Kroeger Shadrak W Pres., Industrial Solutions March 2, 2026 Sell pre-set plan 1,400 $219.56 $307,381
Kroeger Shadrak W Pres., Industrial Solutions March 2, 2026 Sell pre-set plan 550 $220.94 $121,515
Kroeger Shadrak W Pres., Industrial Solutions March 2, 2026 Sell pre-set plan 6 $223.40 $1,340
Kroeger Shadrak W Pres., Industrial Solutions February 13, 2026 Sell 6,565 $233.64 $1.5M
Kroeger Shadrak W Pres., Industrial Solutions February 13, 2026 Sell pre-set plan 3,203 $234.22 $750,214

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 40 trades and filings

In the last 12 months, 1 member of Congress disclosed 4 purchases and 0 sales of TE Connectivity shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded June 5, 2026, filed July 2, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded May 29, 2026, filed June 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded March 18, 2026, filed April 7, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 20, 2027 estimated from the company's past filing pattern, not announced

  • October 28, 2026
  • July 22, 2026
  • April 22, 2026
  • January 21, 2026
  • October 29, 2025
  • July 23, 2025

Recent SEC filings

Data status

When each part of this page on TE Connectivity was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

TE Connectivity in brief

What does TE Connectivity do?
TE Connectivity is a US-listed company in the electronic manufacturing services industry. Its financial year ends in September.
What is TE Connectivity's stock ticker?
TE Connectivity trades under the ticker TEL on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is TE Connectivity's revenue, and how fast is it growing?
Over its most recent trailing twelve months, TE Connectivity reported revenue of $19.3B, 16.5% higher than a year earlier, according to its SEC filings.
What is TE Connectivity's free cash flow?
TE Connectivity's free-cash-flow margin is 17.2% of revenue over the trailing twelve months, ranking 1 of the 12 electronic manufacturing services companies we cover.
What is TE Connectivity's fair value (intrinsic value) per share?
Our discounted-cash-flow model of TE Connectivity's free cash flow after stock-based pay gives ~$280 per share in the base case, and ~$210–$380 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are TE Connectivity's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Dodge & Cox. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is TE Connectivity buying back stock, and does it pay a dividend?
TE Connectivity spent $1.8B on share repurchases over the trailing twelve months, and its diluted share count fell 1.8% over the year.
What is TE Connectivity's market cap?
On November 2, 2026, TE Connectivity's market capitalisation was about $64.3B, with a price-to-earnings ratio of 21.3 and net debt of $4.4B. Market figures come from third-party market data and may be delayed.
Does TE Connectivity pay a dividend?
Yes: TE Connectivity paid $852M in dividends over the trailing twelve months, a dividend yield of 1.34% and a payout ratio of 28.2%.
How much debt does TE Connectivity have?
TE Connectivity's debt-to-equity ratio is 42.5%, from its latest balance sheet (31.9% five years earlier). The financial health section below sets out its other solvency checks.
Who are TE Connectivity's competitors?
In our Electronic Manufacturing Services peer group, the companies closest to TE Connectivity are Celestica Inc, Sanmina Corp, Flex Ltd., Jabil and Fabrinet. The side-by-side comparison below sets their revenue, margins and growth against TE Connectivity's.
Are insiders buying or selling TE Connectivity stock?
Over the last 12 months, TE Connectivity's directors and officers reported 0 open-market purchases and 44 sales on Form 4. The insider trading page charts every trade.
When is TE Connectivity's next earnings date?
Around January 20, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — TE Connectivity announces its own schedule.