Analyst Consensus ?
ConsensusHold29 ratings
Bullish1448.3%
Neutral1551.7%
Bearish00.0%
TE Connectivity plc · TEL · FY2024 Q4 · Calendar Q4 2024
TE Connectivity: AI Growth Offsets Industrial Weakness
The supplied analysis supports a constructive but conditional view: AI and vehicle-electrification growth, margin initiatives, and cash generation provide support, but industrial weakness, order volatility, and execution risks make the durability of growth the key question.
Reported Before market openNYSETechnology
$61.95B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.95
Consensus $1.94
EPS surprise
+0.5%
Reported versus consensus
Reported revenue
$4.07B
Consensus $4.00B
Revenue surprise
+1.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-0.6%
Event window
SPY move
-0.3%
Same window
Abnormal move
-0.3%
Stock minus SPY
Volume
1.8×
Versus trailing sessions
Subsequent drift
-0.4%
Up to 20 sessions
TELSPY benchmark
Ask FN2 about TEL FY2024 Q4
Transcript, numbers and history already loaded
Why did TEL fall 0.6% after beating EPS estimates in FY2024 Q4?What changed in TEL's guidance and outlook in FY2024 Q4?Give me the bull and bear case for TEL after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Relative to the prior-quarter analysis, the supplied current analysis adds FY2024 outcomes: record margins, $2.8 billion of free cash flow, $300 million of AI revenue, an expected doubling of AI revenue in FY2025, and an expanded share-repurchase authorization. The company also planned a new two-segment reporting structure and a sixth automotive factory in China.
Guidance delta
Maintained: the supplied analysis says management reaffirmed its outlook while targeting roughly 20% operating margin in FY25.
Key takeaways
- The supplied analysis describes record FY2024 margins, EPS, and free cash flow.
- AI revenue reached $300 million in FY2024 and was expected to double in FY2025, according to the supplied analysis.
- Vehicle electrification and electronification in Asia supported content outperformance, while industrial markets remained weak.
- Management emphasized a new two-segment structure, capacity and engineering investment, bolt-on acquisitions, and shareholder returns.
Management priorities
- Support AI and EV growth through Asian capacity and engineering investment.
- Implement the new two-segment reporting structure in FY2025.
- Pursue strategically aligned bolt-on acquisitions while maintaining disciplined capital deployment.
- Work toward an overall operating margin of approximately 20% over the medium term.
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Analyst 52W Price Targets
$213.86Previous close
$123Low
$210.81Average
$300High
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 27, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| UBS | Buy | Buy | Maintain | Oct 7, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 6, 2026 |
| Wells Fargo | Equal Weight | Equal Weight | Maintain | Sep 11, 2026 |
| Baird | Outperform | Outperform | Maintain | Jul 23, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 13, 2026 |
| Evercore ISI Group | In Line | Outperform | Downgrade | Jun 22, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 15, 2026 |
| Truist Securities | Hold | Hold | Maintain | Apr 23, 2026 |
| HSBC | Hold | Buy | Downgrade | Apr 23, 2026 |
| Oppenheimer | Outperform | Outperform | Maintain | Feb 13, 2026 |
| TD Cowen | Buy | Buy | Maintain | Nov 17, 2025 |
| JP Morgan | Neutral | Neutral | Maintain | Oct 30, 2025 |
| B of A Securities | Buy | Buy | Maintain | Jul 10, 2025 |
| Stifel | Hold | Hold | Maintain | Jan 25, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Jun 20, 2023 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Feb 9, 2023 |
| Jefferies | Buy | Buy | Maintain | Jan 26, 2023 |
| RBC Capital | Outperform | Outperform | Maintain | Nov 3, 2022 |
| Cowen & Co. | Market Perform | Market Perform | Maintain | Jun 30, 2022 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jun 10, 2022 |
| SunTrust Robinson Humphrey | Hold | Hold | Maintain | Jul 30, 2020 |
| CFRA | Buy | Buy | Maintain | Apr 29, 2020 |
| Citi | Neutral | Buy | Downgrade | Oct 9, 2019 |
| Cross Research | Hold | Buy | Downgrade | Jul 16, 2019 |
| Longbow Research | Neutral | Buy | Downgrade | Jun 17, 2019 |
| Berenberg | Hold | Hold | Maintain | Mar 2, 2016 |
| Deutsche Bank | Hold | Hold | Maintain | Apr 23, 2015 |
| Bank of America | Buy | Neutral | Upgrade | Apr 11, 2014 |
| Macquarie | Outperform | Neutral | Upgrade | May 16, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $213.86. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Joseph Spak | $253 | $219.51 | +18.3% | Oct 7, 2026 |
| Industrial Alliance Securities | Analyst unavailable | $288 | $218.93 | +34.7% | Oct 6, 2026 |
| Bernstein | Analyst unavailable | $243 | $213.48 | +13.6% | Sep 23, 2026 |
| Wells Fargo | Analyst unavailable | $220 | $204.63 | +2.9% | Sep 11, 2026 |
| UBS | Joseph Spak | $241 | $198.43 | +12.7% | Jul 23, 2026 |
| Robert W. Baird | Luke Junk | $225 | $200.94 | +5.2% | Jul 23, 2026 |
| Evercore ISI | Analyst unavailable | $230 | $217.64 | +7.5% | Jun 22, 2026 |
| Barclays | Guy Hardwick | $300 | $210.38 | +40.3% | Jun 15, 2026 |
| UBS | Analyst unavailable | $261 | $218 | +22.0% | Apr 23, 2026 |
| Wells Fargo | Analyst unavailable | $226 | $221.01 | +5.7% | Apr 23, 2026 |
| HSBC | Analyst unavailable | $234 | $221.01 | +9.4% | Apr 23, 2026 |
| Goldman Sachs | Analyst unavailable | $286 | $221.01 | +33.7% | Apr 22, 2026 |
| Goldman Sachs | Mark Delaney | $270 | $234.33 | +26.3% | Apr 14, 2026 |
| UBS | Analyst unavailable | $272 | $234.33 | +27.2% | Apr 14, 2026 |
| Oppenheimer | Analyst unavailable | $285 | $231.68 | +33.3% | Feb 13, 2026 |
| Oppenheimer | Analyst unavailable | $270 | $225.49 | +26.3% | Jan 27, 2026 |
| Barclays | Guy Hardwick | $302 | $231.35 | +41.2% | Jan 23, 2026 |
| Truist Financial | Analyst unavailable | $244 | $231 | +14.1% | Jan 22, 2026 |
| Wells Fargo | Colin Langan | $249 | $231 | +16.4% | Jan 22, 2026 |
| Goldman Sachs | Mark Delaney | $306 | $231 | +43.1% | Jan 21, 2026 |
| Goldman Sachs | Analyst unavailable | $304 | $237.3 | +42.1% | Jan 15, 2026 |
| UBS | Analyst unavailable | $283 | $237.22 | +32.3% | Jan 14, 2026 |
| Truist Financial | Analyst unavailable | $240 | $225.97 | +12.2% | Dec 19, 2025 |
| Truist Financial | Analyst unavailable | $239 | $214.49 | +11.8% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $297 | $214.49 | +38.9% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $277 | $246.87 | +29.5% | Nov 4, 2025 |
| Truist Financial | William Stein | $255 | $244.56 | +19.2% | Oct 30, 2025 |
| UBS | Analyst unavailable | $280 | $246.76 | +30.9% | Oct 30, 2025 |
| Robert W. Baird | Analyst unavailable | $238 | $222.46 | +11.3% | Oct 10, 2025 |
| Barclays | Guy Hardwick | $249 | $222.07 | +16.4% | Oct 7, 2025 |
| UBS | Analyst unavailable | $260 | $223.54 | +21.6% | Oct 6, 2025 |
| Goldman Sachs | Mark Delaney | $263 | $217.04 | +23.0% | Sep 29, 2025 |
| Robert W. Baird | Luke Junk | $222 | $205.98 | +3.8% | Sep 3, 2025 |
| Robert W. Baird | Luke Junk | $232 | $205.29 | +8.5% | Sep 3, 2025 |
| Truist Financial | William Stein | $165 | $149.95 | -22.8% | Dec 16, 2024 |
| HSBC | Stephen Bersey | $137 | $151.79 | -35.9% | Oct 31, 2024 |
| Citigroup | Asiya Merchant | $160 | $154.53 | -25.2% | Jul 25, 2024 |
| HSBC | Stephen Bersey | $162 | $151.4 | -24.2% | Jul 24, 2024 |
| Evercore ISI | Amit Daryanani | $175 | $150 | -18.2% | May 24, 2024 |
| Robert W. Baird | David Leiker | $165 | $151.69 | -22.8% | May 21, 2024 |
| Robert W. Baird | Luke Junk | $158 | $140 | -26.1% | Apr 25, 2024 |
| Stifel Nicolaus | Matthew Sheerin | $150 | $140 | -29.9% | Apr 24, 2024 |
| Jefferies | Saree Boroditsky | $180 | $144.78 | -15.8% | Apr 9, 2024 |
| Credit Suisse | Analyst unavailable | $123 | $123.88 | -42.5% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $140 | $127.79 | -34.5% | Jun 10, 2022 |
| RBC Capital | Analyst unavailable | $158 | $124.56 | -26.1% | Apr 28, 2022 |
| Morgan Stanley | Analyst unavailable | $151 | $123.3 | -29.4% | Apr 25, 2022 |
| Evercore ISI | Amit Daryanani | $183 | $143.48 | -14.4% | Feb 20, 2022 |
| Citigroup | Jim Suva | $155 | $140.42 | -27.5% | Jan 30, 2022 |
| Stifel Nicolaus | Matthew Sheerin | $170 | $160.8 | -20.5% | Dec 31, 2021 |
| Wolfe Research | Rod Lache | $190 | $160.04 | -11.2% | Nov 9, 2021 |
| UBS | Christopher Snyder | $175 | $144.26 | -18.2% | Oct 28, 2021 |
| Cowen & Co. | Joseph C Giordano | $160 | $149.2 | -25.2% | Aug 23, 2021 |
| Oppenheimer | Christopher Glynn | $155 | $146.04 | -27.5% | Jul 30, 2021 |
| Benchmark Co. | David Williams | $145 | $132.91 | -32.2% | Apr 23, 2021 |
Track every rating change on TEL the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationTE Connectivity plc, together with its subsidiaries, manufactures and sells connectivity and sensor solutions in Europe, the Middle East, Africa, the AsiaPacific, and the Americas. The company operates through two reportable segments, Transportation Solutions and Industrial Solutions. It provides antennas, application tooling, cable assemblies, connectors, electromagnetic compatibility/electromagnetic interference solutions, energy and power, fiber optics, heat shrink tubing, identification and labeling, medical components, passive components, relays and contactors, sensors, switches, terminals and splices, wires and cables, and wire protection and management solutions.…
Historical context
All TEL earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| CDNS Cadence Design Systems, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.9% | +1.8% | Cadence raises 2026 outlook as AI tools and verification demand accelerate |
| INFY Infosys Limited | FY2027 Q2 · Calendar Q4 2026 | -4.8% | -6.6% | Infosys trims growth outlook as AI revenue and deal wins accelerate |
| SSNC SS&C Technologies Holdings, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | +2.8% | SS&C raises 2026 outlook as AI and tokenization support growth |
| ROP Roper Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +1.7% | +9.7% | Roper raises DEPS outlook as AI adoption expands across portfolio |
| VRSN VeriSign, Inc. | FY2026 Q3 · Calendar Q4 2026 | -2.0% | -0.9% | VeriSign reports record registrations as renewal mix becomes a key watchpoint |
| TTMI TTM Technologies, Inc. | FY2026 Q3 · Calendar Q4 2026 | +16.8% | -27.7% | TTM Technologies Q3: Record Growth, Higher Investment, More Deal Risk |
Latest beats and misses
Who reports nextBeat on EPS
- VZFY2026 Q3 · October 26, 2026+3.1% EPS-3.5% move
- CXFY2026 Q3 · October 26, 2026+12.0% EPS-0.1% move
- CDNSFY2026 Q3 · October 26, 2026+2.9% EPS+1.8% move
- BAHFY2027 Q2 · October 23, 2026+18.9% EPS-0.3% move
- FCNCAFY2026 Q3 · October 23, 2026+19.9% EPS+8.2% move
- FCNCNFY2026 Q3 · October 23, 2026+19.9% EPS+0.2% move
Missed on EPS
- KOFFY2026 Q3 · October 26, 2026-9.0% EPS-1.9% move
- INFYFY2027 Q2 · October 23, 2026-4.8% EPS-6.6% move
- BBDFY2026 Q3 · October 22, 2026-7.7% EPS+3.0% move
- SNAFY2026 Q3 · October 22, 2026-5.9% EPS-3.4% move
- SPOTFY2026 Q3 · October 22, 2026-11.6% EPS+11.1% move
- VRSNFY2026 Q3 · October 22, 2026-2.0% EPS-0.9% move
Get the TEL recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2024-11-10T18:38:36.707185+00:00
- Polygon adjusted daily market bars · 2026-10-27T11:30:41.553280+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-27T11:30:41.549432+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-27. For educational purposes only; not investment advice.