TE Connectivity plc reported significant financial growth in its latest quarterly results, with net sales reaching $5.16 billion for the quarter ended June 26, 2026, a 13.8% increase from $4.53 billion in the same quarter of the previous year. For the first nine months of fiscal 2026, the company achieved net sales of $14.57 billion, up 16.5% from $12.51 billion in the prior year. The increase in revenue was driven by strong performance in both the Industrial Solutions and Transportation Solutions segments, with organic sales growth of 12.2% and 11.4% for the quarter and nine months, respectively.
The company's gross margin improved to 35.6% for the quarter, compared to 35.3% in the prior year, reflecting higher sales volumes and improved manufacturing productivity. Operating income for the quarter was $981 million, up from $857 million a year earlier, while net income increased to $748 million from $638 million. Basic earnings per share rose to $2.57, compared to $2.16 in the same quarter of the previous year.
TE Connectivity has also made strategic moves, including the acquisition of a business for $200 million during the nine months ended June 26, 2026, which is expected to enhance its Industrial Solutions segment. Additionally, the company announced plans to acquire Astrodyne TDI, a manufacturer of power and filter solutions, for approximately $1.4 billion, with the transaction anticipated to close by the end of 2026. This acquisition is expected to further strengthen TE Connectivity's position in the market.
Operationally, the company reported a total employee headcount of 89,000 as of June 26, 2026, reflecting its ongoing commitment to growth. The company also noted a significant increase in cash provided by operating activities, totaling $2.997 billion for the first nine months of fiscal 2026, compared to $2.718 billion in the same period last year. TE Connectivity's balance sheet remains strong, with total assets of $26.07 billion and total liabilities of $12.68 billion as of June 26, 2026.
Looking ahead, TE Connectivity expects net sales for the fourth quarter of fiscal 2026 to be approximately $5.25 billion, up from $4.75 billion in the same quarter of fiscal 2025. The company anticipates diluted earnings per share from continuing operations to be around $2.84, reflecting the expected impact of foreign currency exchange rates. The outlook is based on current market conditions and does not include results from the anticipated acquisition of Astrodyne TDI.
About TE Connectivity plc
TE Connectivity is a global leader in creating connectivity and sensor solutions for industries such as transportation, industrial, and communications. Its products include connectors, sensors, relays, antennas, and application tooling used in automotive, aerospace, energy, medical, data centers, and consumer electronics. The company focuses on innovation, quality, and sustainability to serve a diverse, worldwide customer base across approximately 130 countries.
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