TE Connectivity income statement
In fiscal 2025, TE Connectivity reported revenue of $17.26bn, up 8.9% on the year before, operating income of $3.21bn (a 18.6% margin) and net income of $1.84bn, or $6.16 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Sept 2009 | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | 7.7 | 8.0 | 9.5 | 9.2 | 7.7 | 8.0 | 8.1 | 7.5 | 8.0 | 9.2 | 9.1 | 8.4 | 10.0 | 11.0 | 11.0 | 10.4 | 11.2 | 12.3 |
| 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 |
| Research and development | 0.4 | 0.5 | 0.6 | 0.6 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 | 0.6 | 0.6 | 0.5 | 0.6 | 0.6 | 0.6 | 0.6 | 0.7 | — |
| Selling, general and administrative | 1.4 | 1.5 | 1.7 | 1.7 | 1.4 | 1.5 | 1.5 | 1.4 | 1.5 | 1.6 | 1.5 | 1.4 | 1.5 | 1.6 | 1.7 | 1.7 | 1.9 | 2.1 |
| 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 |
| Interest expense | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Income before tax | −3.7 | 1.5 | 1.6 | 1.4 | 1.1 | 1.8 | 1.6 | 1.0 | 1.7 | 2.2 | 1.9 | 0.5 | 2.4 | 2.7 | 2.3 | 2.8 | 3.2 | 3.8 |
| Income tax | −0.6 | 0.5 | 0.3 | 0.2 | −0.1 | 0.1 | 0.3 | −0.8 | 0.2 | −0.3 | −0.0 | 0.8 | 0.1 | 0.3 | 0.4 | −0.4 | 1.4 | 0.8 |
| 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 |
| Diluted shares (average) | 459m | 457m | 443m | 430m | 423m | 417m | 411m | 369m | 358m | 353m | 340m | 332m | 333m | 325m | 317m | 309m | 299m | 296m |
| 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 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,068 | 3,836 | 4,143 | 4,534 | 4,749 | 4,669 | 4,744 | 5,160 |
| Cost of revenue | 2,685 | 2,476 | 2,684 | 2,934 | 3,089 | 2,930 | 2,999 | 3,325 |
| Gross profit | 1,383 | 1,360 | 1,459 | 1,600 | 1,660 | 1,739 | 1,745 | 1,835 |
| Selling, general and administrative | 433 | 427 | 454 | 491 | 494 | 538 | 536 | 532 |
| Operating income | 651 | 690 | 748 | 857 | 916 | 963 | 954 | 981 |
| Interest expense | 15 | 6 | 14 | 28 | 29 | 30 | 32 | 31 |
| Income before tax | 657 | 706 | 755 | 846 | 897 | 961 | 942 | 971 |
| Income tax | 381 | 178 | 742 | 208 | 233 | 210 | 87 | 223 |
| Net income | 276 | 528 | 13 | 638 | 663 | 750 | 855 | 748 |
| Diluted EPS | $0.92 | $1.75 | $0.04 | $2.14 | $2.23 | $2.53 | $2.90 | $2.55 |
| EBITDA | 883 | 876 | 899 | 1,021 | 1,160 | 1,222 | 1,140 | 1,181 |
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