TE Connectivity PLC Reports Strong Q2 FY2026 Performance
TE Connectivity plc (NYSE: TEL) released its fiscal second‑quarter 2026 results on 22 April 2026, showing a 15 % increase in revenue and a 24 % rise in earnings per share (EPS). The company reported revenue of $4.4 billion, compared with $3.8 billion in the same period a year earlier, while EPS climbed to $2.90 from $0.04.
Key Financial Highlights
| Metric | Q2 FY2026 | YoY |
|---|---|---|
| Revenue | $4.4 billion | +15 % |
| EPS | $2.90 | +24 % |
| Net Income | $855 million | +20 % |
| Free Cash Flow | Strong growth | – |
The results surpassed both analyst expectations and TE Connectivity’s own guidance, which had forecast double‑digit sales growth and EPS growth for the quarter. The company also highlighted margin expansion and robust free‑cash‑flow generation during the reporting period.
Market Reaction
Following the earnings announcement, TE Connectivity shares fell 9.1 % in early trading. Analysts cited concerns over potential overvaluation relative to the company’s price‑to‑earnings ratio of 34 and the fact that the stock had recently reached a 52‑week high of 4,092.1 MXN. Some market participants noted that the stock’s valuation remains high despite the strong earnings performance.
Company Outlook
TE Connectivity provided guidance for the third quarter of fiscal 2026, projecting continued double‑digit revenue growth and EPS expansion. The company emphasized its ability to navigate inflationary pressures and geopolitical uncertainties, citing strategic initiatives in its information‑technology sector.
Fundamental Context
- Market Capitalization: 69,390,000,000 MXN
- Current Share Price (20 April 2026): 2,319 MXN
- 52‑Week High (1 October 2025): 4,092.1 MXN
- 52‑Week Low (20 April 2026): 2,319 MXN
- Currency: MXN
- Primary Exchange: Bolsa Mexicana De Valores
The company’s strong quarterly performance, combined with its sizeable market cap and high valuation multiples, will likely remain a focal point for investors as TE Connectivity navigates the remainder of fiscal 2026.
