Galway – October 29, 2026 -- TE Connectivity (NYSE: TEL) closed fiscal 2026 with record net sales of $19.9 billion, up 15% on a reported basis and 12% organically, as customer demand for data and power connectivity lifted both of its segments.
Adjusted EPS rose 24% to $11.52 for the year ended September 25, 2026. GAAP EPS climbed 80% to $11.07. Adjusted operating margin was 22%, against 20% on a GAAP basis.
Fourth-quarter orders jump 29% to $6.1 billion
Fourth-quarter net sales hit a record $5.3 billion, up 12% reported and 13% organic, with the Industrial and Transportation segments both growing strongly. Orders reached $6.1 billion, up 29% year over year and 6% sequentially.
GAAP diluted EPS from continuing operations was $3.10, up 39%, while adjusted EPS of $3.14 rose 21%. GAAP operating margin was 21% and adjusted operating margin was 22%.
Full-year orders of $22.2 billion back double-digit growth outlook
Full-year orders grew 27% to $22.2 billion, which the company cites as support for expected double-digit sales growth in fiscal 2027. TE reported full-year records for sales, orders, operating margin, EPS and cash generation.
CEO Terrence Curtin said the Industrial Solutions segment grew 26% in 2026, benefiting from customers' AI investments that extend "from inside the rack in the data center to the networking edge all the way to the energy grid."
TE returns $2.8 billion and commits $1.6 billion to Industrial bolt-ons
Operating cash flow for the year was $4.5 billion and free cash flow was $3.4 billion. TE returned about $2.8 billion to shareholders, including roughly $800 million in the fourth quarter, when operating cash flow was $1.5 billion and free cash flow was $1.2 billion.
The company also committed $1.6 billion to bolt-on acquisitions in the Industrial segment, aimed at broadening its optics and power filtering portfolios.
First-quarter guidance calls for $5.35 billion in sales, up 15%
For the first quarter of fiscal 2027, TE expects sales of about $5.35 billion, up 15% on both a reported and organic basis. GAAP EPS from continuing operations is projected at about $3.04, up 20%. Adjusted EPS is projected at about $3.30, up 21%.
For the full fiscal year, management expects organic sales growth similar to fiscal 2026, when organic growth was 12%.