Analyst Consensus ?
ConsensusHold29 ratings
Bullish1448.3%
Neutral1551.7%
Bearish00.0%
TE Connectivity plc · TEL · FY2026 Q3 · Calendar Q3 2026
TE Connectivity Q3: Revenue and Orders Hit Records as AI Demand Accelerates
TE Connectivity delivered a strong third quarter with revenue of $5.2 billion (+14% YoY) and record order intake of $5.7 billion (+27% YoY), beating consensus on both EPS ($2.94 vs. $2.85 estimated) and revenue ($5.16B vs. $5.01B estimated). Growth was led by Digital Data Networks, where orders rose over 70% year-to-date, and the Energy segment, which grew 33% organically. The company announced a $1.4 billion acquisition of Astrodyne TDI to broaden its power-filter portfolio and reiterated full-year guidance of approximately 15% sales growth and 23% EPS growth. Despite the beat, the stock declined approximately 4% on the report before partially recovering in subsequent sessions, a move consistent with a sell-the-news reaction after a strong run-up into the print.
Reported Before market openNYSETechnology
$62.55B market cap
100quality score
Company 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.…
Earnings scorecard
Reported versus consensus
Reported EPS
$2.94
Consensus $3
EPS surprise
+3.2%
Reported versus consensus
Reported revenue
$5.16B
Consensus $5.01B
Revenue surprise
+2.9%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$206.95Current
$123Low
$206.97Average
$300High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 29, 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 | Jul 23, 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 $206.95. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Joseph Spak | $241 | $198.43 | +16.5% | Jul 23, 2026 |
| Robert W. Baird | Luke Junk | $225 | $200.94 | +8.7% | Jul 23, 2026 |
| Evercore ISI | Analyst unavailable | $230 | $217.64 | +11.1% | Jun 22, 2026 |
| Barclays | Guy Hardwick | $300 | $210.38 | +45.0% | Jun 15, 2026 |
| UBS | Analyst unavailable | $261 | $218 | +26.1% | Apr 23, 2026 |
| Wells Fargo | Analyst unavailable | $226 | $221.01 | +9.2% | Apr 23, 2026 |
| HSBC | Analyst unavailable | $234 | $221.01 | +13.1% | Apr 23, 2026 |
| Goldman Sachs | Analyst unavailable | $286 | $221.01 | +38.2% | Apr 22, 2026 |
| Goldman Sachs | Mark Delaney | $270 | $234.33 | +30.5% | Apr 14, 2026 |
| UBS | Analyst unavailable | $272 | $234.33 | +31.4% | Apr 14, 2026 |
| Oppenheimer | Analyst unavailable | $285 | $231.68 | +37.7% | Feb 13, 2026 |
| Oppenheimer | Analyst unavailable | $270 | $225.49 | +30.5% | Jan 27, 2026 |
| Barclays | Guy Hardwick | $302 | $231.35 | +45.9% | Jan 23, 2026 |
| Truist Financial | Analyst unavailable | $244 | $231 | +17.9% | Jan 22, 2026 |
| Wells Fargo | Colin Langan | $249 | $231 | +20.3% | Jan 22, 2026 |
| Goldman Sachs | Mark Delaney | $306 | $231 | +47.9% | Jan 21, 2026 |
| Goldman Sachs | Analyst unavailable | $304 | $237.3 | +46.9% | Jan 15, 2026 |
| UBS | Analyst unavailable | $283 | $237.22 | +36.7% | Jan 14, 2026 |
| Truist Financial | Analyst unavailable | $240 | $225.97 | +16.0% | Dec 19, 2025 |
| Truist Financial | Analyst unavailable | $239 | $214.49 | +15.5% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $297 | $214.49 | +43.5% | Nov 21, 2025 |
| Barclays | Analyst unavailable | $277 | $246.87 | +33.8% | Nov 4, 2025 |
| Truist Financial | William Stein | $255 | $244.56 | +23.2% | Oct 30, 2025 |
| UBS | Analyst unavailable | $280 | $246.76 | +35.3% | Oct 30, 2025 |
| Robert W. Baird | Analyst unavailable | $238 | $222.46 | +15.0% | Oct 10, 2025 |
| Barclays | Guy Hardwick | $249 | $222.07 | +20.3% | Oct 7, 2025 |
| UBS | Analyst unavailable | $260 | $223.54 | +25.6% | Oct 6, 2025 |
| Goldman Sachs | Mark Delaney | $263 | $217.04 | +27.1% | Sep 29, 2025 |
| Robert W. Baird | Luke Junk | $222 | $205.98 | +7.3% | Sep 3, 2025 |
| Robert W. Baird | Luke Junk | $232 | $205.29 | +12.1% | Sep 3, 2025 |
| Truist Financial | William Stein | $165 | $149.95 | -20.3% | Dec 16, 2024 |
| HSBC | Stephen Bersey | $137 | $151.79 | -33.8% | Oct 31, 2024 |
| Citigroup | Asiya Merchant | $160 | $154.53 | -22.7% | Jul 25, 2024 |
| HSBC | Stephen Bersey | $162 | $151.4 | -21.7% | Jul 24, 2024 |
| Evercore ISI | Amit Daryanani | $175 | $150 | -15.4% | May 24, 2024 |
| Robert W. Baird | David Leiker | $165 | $151.69 | -20.3% | May 21, 2024 |
| Robert W. Baird | Luke Junk | $158 | $140 | -23.7% | Apr 25, 2024 |
| Stifel Nicolaus | Matthew Sheerin | $150 | $140 | -27.5% | Apr 24, 2024 |
| Jefferies | Saree Boroditsky | $180 | $144.78 | -13.0% | Apr 9, 2024 |
| Credit Suisse | Analyst unavailable | $123 | $123.88 | -40.6% | Dec 13, 2022 |
| Morgan Stanley | Analyst unavailable | $140 | $127.79 | -32.4% | Jun 10, 2022 |
| RBC Capital | Analyst unavailable | $158 | $124.56 | -23.7% | Apr 28, 2022 |
| Morgan Stanley | Analyst unavailable | $151 | $123.3 | -27.0% | Apr 25, 2022 |
| Evercore ISI | Amit Daryanani | $183 | $143.48 | -11.6% | Feb 20, 2022 |
| Citigroup | Jim Suva | $155 | $140.42 | -25.1% | Jan 30, 2022 |
| Stifel Nicolaus | Matthew Sheerin | $170 | $160.8 | -17.9% | Dec 31, 2021 |
| Wolfe Research | Rod Lache | $190 | $160.04 | -8.2% | Nov 9, 2021 |
| UBS | Christopher Snyder | $175 | $144.26 | -15.4% | Oct 28, 2021 |
| Cowen & Co. | Joseph C Giordano | $160 | $149.2 | -22.7% | Aug 23, 2021 |
| Oppenheimer | Christopher Glynn | $155 | $146.04 | -25.1% | Jul 30, 2021 |
| Benchmark Co. | David Williams | $145 | $132.91 | -29.9% | Apr 23, 2021 |
Track every rating change on TEL the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
-4.2%
Event window
SPY move
-0.1%
Same window
Abnormal move
-4.1%
Stock minus SPY
Volume
3.8×
Versus trailing sessions
Subsequent drift
+3.4%
Up to 20 sessions
TELSPY benchmark
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Try FN2 freeTranscript intelligence
What changed
Q3 revenue reached $5.2 billion, up 14% year-over-year, driven by AI infrastructure demand and grid-hardening projects. Adjusted EPS grew 22% to $2.94, beating the $2.85 consensus by 3.2%. Operating margin expanded 90 basis points to 21.9%. Record orders of $5.7 billion (+27% YoY) produced a book-to-bill ratio of 1.1, signaling continued demand visibility into FY2027. Free cash flow was $883 million for the quarter and $2.2 billion year-to-date, with $2 billion returned to shareholders. The company announced the approximately $1.4 billion Astrodyne TDI acquisition to expand power-filter capabilities. Compared to Q2, where management flagged a $150 million AI revenue uplift in H2, the Q3 results confirmed that AI-driven demand is materializing in Digital Data Networks, with orders up over 70% year-to-date.
Guidance delta
Management maintained full-year guidance of approximately 15% sales growth and 23% EPS growth. Q4 sales are projected at $5.25 billion (+11% YoY). The guidance stance is unchanged from Q2, when management first signaled the H2 AI revenue acceleration. The Astrodyne TDI acquisition is expected to integrate into the Industrial segment, though its margin and cash-flow impact drew analyst questions. Capex outlook remains increasing, consistent with ongoing capacity expansion plans.
Key takeaways
- Q3 revenue of $5.2 billion (+14% YoY) beat consensus estimates of $5.01 billion by 2.9%
- Adjusted EPS of $2.94 beat the $2.85 consensus by 3.2%, with operating margin up 90 bp to 21.9%
- Record orders of $5.7 billion (+27% YoY) produced a 1.1 book-to-bill ratio, signaling strong demand visibility into FY2027
- Digital Data Networks orders up over 70% year-to-date, confirming the AI revenue trajectory management flagged in Q2
- Energy segment grew 33% organically on grid hardening and renewable infrastructure investment
- Announced $1.4 billion Astrodyne TDI acquisition to broaden power-filter portfolio
Management priorities
- Integrate Astrodyne TDI into the Industrial segment and leverage its power-filter capabilities
- Invest in FAU optical manufacturing and engineering, targeting meaningful revenue post-2028
- Continue capacity expansions in engineering and manufacturing to support growth
- Pursue 800-volt power-connectivity opportunities in data-center racks
- Expand optical roadmap through RAM Photonics and customer co-creation initiatives
Sources
- Earnings call transcript and parsed analysis · 2026-07-22T16:06:53.907566+00:00
- FN2 earnings calendar · 2026-07-29T01:23:15.868211+00:00
- Polygon adjusted daily market bars · 2026-07-29T17:41:29.626090+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T17:41:29.623483+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 . For educational purposes only; not investment advice.