TE Connectivity hits record $5.3B in orders amid high-speed data and EV growth
TE Connectivity (NYSE:TEL) delivered a record-breaking performance for its fiscal second quarter ended March 27, 2026, as the global demand for high-speed data transmission and automotive electrification reached new heights.
For the quarter, net sales reached $4.74 billion, representing a 15% increase on a reported basis and 7% organic growth compared to the prior year.
The company’s profitability reached new milestones, with GAAP EPS coming in at $2.90.
On an adjusted basis, EPS hit a record $2.73, a 24% jump year-over-year, while adjusted operating margins expanded to 22%.
The most significant indicator of future momentum was a record-breaking order book.
Total orders for the quarter surged to $5.3 billion, a 25% increase over the same period last year.
This surge was primarily fueled by the company's Transportation and Communications segments, which are benefiting from the rapid rollout of next-generation AI server architectures and the continued global shift toward electric vehicles (EVs).
Elsewhere, the company’s cash generation remained a hallmark of its financial strength.
Free cash flow for the quarter rose 17% to $1.3 billion, enabling the firm to return $1.2 billion to shareholders through buybacks and dividends.
Reflecting confidence in its long-term cash flow trajectory, the Board of Directors approved a 10% increase to the quarterly dividend.
