TE Connectivity Ltd. (NYSE: TEL) reported record fourth-quarter results that exceeded expectations and issued an upbeat outlook for fiscal 2026, sending shares up more than 2% in intra-day trading on Wednesday.
The industrial technology firm posted adjusted earnings of $2.44 per share, topping the $2.29 analyst estimate. Revenue rose 17% year-over-year to a record $4.75 billion, beating consensus forecasts of $4.59 billion, driven by double-digit growth in its Industrial and Transportation divisions.
The Industrial Solutions segment was the top performer, with revenue jumping 34.4% to $2.34 billion thanks to robust demand from AI and energy customers. Transportation Solutions sales grew 3.6% to $2.41 billion.
For the first quarter of fiscal 2026, TE Connectivity projected revenue of about $4.5 billion, up 17% from the year-ago period and above the $4.34 billion consensus. The company forecast adjusted earnings of $2.53 per share, well above analyst estimates of $2.17.
