By Adriano Marchese
TE Connectivity posted revenue and profit growth in its first quarter on the back of strong industrial and transportation demand.
The electronics and industrial technology company posted on Wednesday a rise in net income to $750 million, or $2.53 a share, for the three months ended Dec. 26, compared with $528 million, or $1.75 a share, in the same quarter a year ago.
Adjusted earnings were $2.72 a share. According to FactSet, analysts were expecting $2.54 a share.
Net sales rose to $4.67 million from $3.84 million. Analysts expected $4.52 billion. The company credits the growth to its industrial and transportation segments.
Chief Executive Terrence Curtin said TE is seeing momentum as its investments in data and power-connectivity technologies are paying off, particularly in areas like artificial intelligence, energy grid modernization, and next‑generation vehicles.
"Our positioning and team execution resulted in record quarterly orders of over $5 billion, setting up TE for another year of strong growth and margin expansion," Curtin said.
Looking ahead to the second quarter, the company expects a 13% increase in revenue to $4.7 billion, representing a 6% organic growth over the same period. Analysts on FactSet expect revenue for the period to rise to $4.72 billion.
Adjusted earnings per share is forecasted to come in at $2.65, up 20% year over year, and ahead of analyst forecasts of $2.63.
EPS from continuing operations is projected to come in at $2.26.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
Net sales rose to $4.67 billion from $3.84 billion. "TE Connectivity 1Q Revenue, Profit Climb on Strength in Industrial, Transportation Units," at 6:22 a.m. ET, incorrectly said first-quarter net sales were $4.67 million up from $3.84 million a year earlier.
(END) Dow Jones Newswires
January 21, 2026 07:44 ET (12:44 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
Comments