TE Connectivity slips as Middle East conflict raises costs

TE Connectivity

22/04/2026 11:43

** Shares of electric components maker TE Connectivity TEL.N down 4.3% at $232.65 premarket

** Co warns it may have to pass higher raw-material costs on to customers if conflict in the Middle East continues to disrupt supply chains, citing higher costs for transportation and oil-based products like resins

** The Galway, Ireland-based firm forecasts an adjusted profit of $2.83/share for the current quarter, compared with analysts' expectations of $2.80/share

** Co posts Q2 rev of $4.74 bln, missing analyst est. of $4.76 bln - data compiled by LSEG

** As of last close, TEL stock up 6.8% YTD

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))