TE Connectivity rises on upbeat second-quarter profit forecast

TE Connectivity

21/01/2026 11:21

** Shares of electric components maker TE Connectivity TEL.N rise nearly 3% to about $240.2 premarket

** TEL sees Q2 profit above Wall Street estimates, banking on surging demand for its AI-related tools and products

** Forecasts Q2 adjusted EPS at about $2.65 vs. analysts' expectations of $2.63 - data compiled by LSEG

** Reports Q1 adjusted profit of $2.72 per share, beating estimates of $2.55

** TEL's quartery revenue came in at $4.67 billion, beating estimates of $4.53 billion

** Median PT of 21 brokerages covering the stock is $273.5

** TEL gained 59.1% in 2025

(Reporting by Megavarshini G. Somasundaram in Bengaluru)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))