Ireland's TE Connectivity beats Q2 adjusted EPS expectations, dividend up 10%

TE Connectivity

22/04/2026 11:08

Overview

Ireland industrial tech firm's fiscal Q2 sales grew 15% yr/yr, slightly missing analyst expectations

Adjusted EPS for fiscal Q2 rose 24% yr/yr, beating analyst expectations

Company announced 10% increase in quarterly cash dividend

Outlook

TE Connectivity expects Q3 sales of about $5 bln, up 10% year over year

Company sees Q3 adjusted EPS at about $2.83, up 17% year over year

TE Connectivity expects Q3 GAAP EPS from continuing operations of about $2.44

Result Drivers

SEGMENT GROWTH - Co said Q2 sales growth was driven by both Industrial and Transportation segments, with particular strength in digital data networks, energy, and commercial transportation

STRATEGIC POSITIONING - CEO said results and record orders were driven by co's positioning in AI, next generation transportation, and electric grid modernization

OPERATIONAL PERFORMANCE - Co said margin expansion reflected strong operational performance across both segments

Company press release: ID:nPn51K5CTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Sales
Slight Miss*
$4.74 bln
$4.76 bln (17 Analysts)
Q2 Adjusted EPS
Beat
$2.73
$2.70 (17 Analysts)
Q2 EPS from continuing operations
$2.90
Q2 Net Income
$855 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electronic equipment & parts peer group is "buy"

Wall Street's median 12-month price target for TE Connectivity PLC is $271.00, about 11.4% above its April 21 closing price of $243.18

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)