TE Connectivity Ltd. (NYSE: TEL), which designs and manufactures connectivity and sensor solutions, on Wednesday reported a sharp increase in revenues for the first quarter of fiscal 2026.
- First-quarter net sales jumped 22% year-over-year to $4.7 billion, reflecting growth in both the Industrial and Transportation segments
- Sales rose 15% organically during the quarter
- Earnings per share from continuing operations rose 45% YoY to $2.53 in the December quarter
- At $2.72 per share, adjusted earnings were up 33% year-over-year in the first quarter
- On a reported basis, first-quarter operating margin increased 260 basis points from last year to 20.6%
- The company reported record orders of $5.1 billion for the three months, up 28% year over year
- Cash flow from operating activities for the period was $865 million; free cash flow came in at $608 million
- During the quarter, the company returned $615 million to shareholders