Analyst Consensus ?
ConsensusHold29 ratings
Bullish1448.3%
Neutral1551.7%
Bearish00.0%
TE Connectivity plc · TEL · FY2026 Q2 · Calendar Q2 2026
TE Connectivity: AI and energy demand drive Q2 momentum
The quarter supports a constructive operating thesis: resilient AI, data-center, energy, and electrification demand is translating into growth and maintained near-term guidance. The main test is whether order momentum and margin expansion persist as CapEx rises and input-cost, supply-chain, and program-ramp risks remain.
Reported Before market openNYSETechnology
$62.18B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$2.73
Consensus $2.69
EPS surprise
+1.5%
Reported versus consensus
Reported revenue
$4.74B
Consensus $4.75B
Revenue surprise
-0.0%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-9.1%
Event window
SPY move
+1.0%
Same window
Abnormal move
-10.1%
Stock minus SPY
Volume
4.1×
Versus trailing sessions
Subsequent drift
-8.9%
Up to 20 sessions
TELSPY benchmark
Ask FN2 about TEL FY2026 Q2
Transcript, numbers and history already loaded
Why did TEL fall 9.1% after beating EPS estimates in FY2026 Q2?What changed in TEL's guidance and outlook in FY2026 Q2?Give me the bull and bear case for TEL after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Management raised expected second-half AI revenue by $150 million, added a passive optical connectivity acquisition, and emphasized continued energy and electrification investment. It maintained Q3 guidance, raised the quarterly dividend by 10%, and retained a roughly 6% CapEx outlook.
Guidance delta
Management maintained Q3 guidance of $5 billion in sales and $2.83 EPS.
Key takeaways
- Sales grew 15% year over year to $4.7 billion, while the industrial segment grew 27%.
- Management said AI and data-center demand are becoming a major growth engine, with an additional $150 million of AI revenue expected in the second half.
- The company reported adjusted operating margin of 22%, $1.3 billion of first-half free cash flow, and record orders of $5.3 billion.
- Management maintained Q3 guidance and raised the quarterly dividend by 10%, while targeting 100% full-year free-cash-flow conversion.
Management priorities
- Ramp AI and digital data-network programs in the second half of FY2026.
- Integrate the acquired passive optical connectivity technology.
- Expand energy grid-hardening and clean-energy connectivity solutions.
- Pursue automotive electrification and high-value vehicle architectures.
- Maintain CapEx at roughly 6% of revenue to support growth initiatives.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$213.67Current
$123Low
$207.94Average
$300High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Sep 25, 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 |
|---|---|---|---|---|
| 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 |
| UBS | Buy | Buy | Maintain | Apr 23, 2026 |
| Truist Securities | Hold | Hold | Maintain | Apr 23, 2026 |
| HSBC | Hold | Buy | Downgrade | Apr 23, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 14, 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 current price $213.67. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Bernstein | Analyst unavailable | $243 | $213.48 | +13.7% | Sep 23, 2026 |
| Wells Fargo | Analyst unavailable | $220 | $204.63 | +3.0% | Sep 11, 2026 |
| UBS | Joseph Spak | $241 | $198.43 | +12.8% | Jul 23, 2026 |
| Robert W. Baird | Luke Junk | $225 | $200.94 | +5.3% | Jul 23, 2026 |
| Evercore ISI | Analyst unavailable | $230 | $217.64 | +7.6% | Jun 22, 2026 |
| Barclays | Guy Hardwick | $300 | $210.38 | +40.4% | Jun 15, 2026 |
| UBS | Analyst unavailable | $261 | $218 | +22.2% | Apr 23, 2026 |
| Wells Fargo | Analyst unavailable | $226 | $221.01 | +5.8% | Apr 23, 2026 |
| HSBC | Analyst unavailable | $234 | $221.01 | +9.5% | Apr 23, 2026 |
| Goldman Sachs | Analyst unavailable | $286 | $221.01 | +33.9% | Apr 22, 2026 |
| Goldman Sachs | Mark Delaney | $270 | $234.33 | +26.4% | Apr 14, 2026 |
| UBS | Analyst unavailable | $272 | $234.33 | +27.3% | Apr 14, 2026 |
| Oppenheimer | Analyst unavailable | $285 | $231.68 | +33.4% | Feb 13, 2026 |
| Oppenheimer | Analyst unavailable | $270 | $225.49 | +26.4% | Jan 27, 2026 |
| Barclays | Guy Hardwick | $302 | $231.35 | +41.3% | Jan 23, 2026 |
| Truist Financial | Analyst unavailable | $244 | $231 | +14.2% | Jan 22, 2026 |
| Wells Fargo | Colin Langan | $249 | $231 | +16.5% | Jan 22, 2026 |
| Goldman Sachs | Mark Delaney | $306 | $231 | +43.2% | Jan 21, 2026 |
| Goldman Sachs | Analyst unavailable | $304 | $237.3 | +42.3% | Jan 15, 2026 |
| UBS | Analyst unavailable | $283 | $237.22 | +32.4% | Jan 14, 2026 |
| Truist Financial | Analyst unavailable | $240 | $225.97 | +12.3% | Dec 19, 2025 |
| Truist Financial | Analyst unavailable | $239 | $214.49 | +11.9% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $297 | $214.49 | +39.0% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $277 | $246.87 | +29.6% | Nov 4, 2025 |
| Truist Financial | William Stein | $255 | $244.56 | +19.3% | Oct 30, 2025 |
| UBS | Analyst unavailable | $280 | $246.76 | +31.0% | Oct 30, 2025 |
| Robert W. Baird | Analyst unavailable | $238 | $222.46 | +11.4% | Oct 10, 2025 |
| Barclays | Guy Hardwick | $249 | $222.07 | +16.5% | Oct 7, 2025 |
| UBS | Analyst unavailable | $260 | $223.54 | +21.7% | Oct 6, 2025 |
| Goldman Sachs | Mark Delaney | $263 | $217.04 | +23.1% | Sep 29, 2025 |
| Robert W. Baird | Luke Junk | $222 | $205.98 | +3.9% | Sep 3, 2025 |
| Robert W. Baird | Luke Junk | $232 | $205.29 | +8.6% | 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 | -25.1% | Jul 25, 2024 |
| HSBC | Stephen Bersey | $162 | $151.4 | -24.2% | Jul 24, 2024 |
| Evercore ISI | Amit Daryanani | $175 | $150 | -18.1% | 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 | -29.8% | Apr 24, 2024 |
| Jefferies | Saree Boroditsky | $180 | $144.78 | -15.8% | Apr 9, 2024 |
| Credit Suisse | Analyst unavailable | $123 | $123.88 | -42.4% | 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 | -29.3% | 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 | -20.4% | Dec 31, 2021 |
| Wolfe Research | Rod Lache | $190 | $160.04 | -11.1% | Nov 9, 2021 |
| UBS | Christopher Snyder | $175 | $144.26 | -18.1% | Oct 28, 2021 |
| Cowen & Co. | Joseph C Giordano | $160 | $149.2 | -25.1% | Aug 23, 2021 |
| Oppenheimer | Christopher Glynn | $155 | $146.04 | -27.5% | Jul 30, 2021 |
| Benchmark Co. | David Williams | $145 | $132.91 | -32.1% | 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 |
|---|---|---|---|---|
| SNX TD Synnex Corp | FY2026 Q3 · Calendar Q3 2026 | — | -9.8% | TD SYNNEX Reaffirms Outlook as AI and Hyve Drive Growth |
| ADBE Adobe Inc. | FY2026 Q3 · Calendar Q3 2026 | +0.8% | +1.4% | Adobe raises FY26 outlook as AI strategy broadens |
| ORCL Oracle Corporation | FY2027 Q1 · Calendar Q3 2026 | +10.3% | -1.7% | Oracle raises FY27 outlook as AI demand accelerates cloud growth |
| SAIL SailPoint, Inc. | FY2027 Q2 · Calendar Q3 2026 | +13.8% | -1.2% | SailPoint pairs 25% ARR growth with accelerating AI-driven adoption |
| CIEN Ciena Corporation | FY2026 Q3 · Calendar Q3 2026 | +22.0% | -10.4% | Ciena raises outlook as AI networking demand lifts backlog |
| DOCU DocuSign, Inc. | FY2027 Q2 · Calendar Q3 2026 | +6.4% | +3.7% | DocuSign Q2 FY27: IAM momentum supports a raised outlook |
Latest beats and misses
Who reports nextBeat on EPS
- CTASFY2027 Q1 · September 23, 2026+3.0% EPS-3.4% move
- PAYXFY2027 Q1 · September 23, 2026+1.5% EPS-8.8% move
- GISFY2027 Q1 · September 23, 2026+4.6% EPS+1.0% move
- AZOFY2026 Q4 · September 22, 2026+3.6% EPS+3.3% move
- FPSFY2026 Q4 · September 15, 2026+4.3% EPS+9.5% move
- TCOMFY2026 Q2 · September 15, 2026+22.3% EPS+3.0% 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 · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-09-24T22:40:56.587012+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-09-24T22:40:56.584255+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 2026-09-24. For educational purposes only; not investment advice.