Q3 2026 TE Connectivity PLC Earnings Call Transcript
Key Points
- TE Connectivity PLC (TEL) reported a 14% increase in sales for the third quarter, reaching $5.2 billion.
- The company achieved a record order level of $5.7 billion, marking a 27% year-over-year growth.
- Adjusted earnings per share grew by 22% to $2.94, with adjusted margins expanding by 90 basis points.
- TE Connectivity PLC (TEL) expects full fiscal year sales growth of approximately 15% and adjusted EPS growth of 23%.
- The acquisition of Astrodyne TDI is expected to enhance the company's power and filter product portfolio, contributing to the Industrial segment's growth.
- Global vehicle production is expected to be slightly down, which could impact the Transportation Solutions segment.
- Concerns about the China domestic market persist, although exports are offsetting some of the local market weakness.
- The company faces ongoing inflationary pressures, which require careful management through pricing and cost actions.
- The transition to higher-voltage architectures in data centers may introduce new competitive dynamics.
- TE Connectivity PLC (TEL) continues to incur restructuring charges, with expectations of approximately $100 million for fiscal 2026.
Everyone, thank you for standing by and welcome to the TE Connectivity third-quarter earnings call for fiscal year 2026. (Operator Instructions) As a reminder, today's call is being recorded.
I would now like to turn the conference over to our host, Vice President of Investor Relations, Sujal Shah. Please go ahead.
Good morning and thank you for joining our conference call to discuss TE Connectivity's third-quarter results and outlook for our fourth quarter of fiscal 2026. With me today are Chief Executive Officer, Terrence Curtin; and Chief Financial Officer, Heath Mitts.
During this call, we'll be providing certain forward-looking information, and we ask you to review the forward-looking cautionary statements included in today's press release. In addition, we will use certain non-GAAP measures in our discussion this morning, and we ask you to review the sections of our press release and the accompanying slide presentation that address the use of these items. The press
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