TE Connectivity beats Q1 sales estimates on strong AI demand

TE Connectivity

21/01/2026 11:10

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

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(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.)