Earnings Call
Jul 22, 2026
Q2 FY2026
EPS Estimate
2.85
EPS Actual
2.73
Post-Earnings Close
$200.28
Earnings Reaction
-4.2%
TE Connectivity's fiscal second quarter of 2026 was defined by an acceleration in order momentum that management argues validates the strategic framework laid out at the November Investor Day. Record orders of $5.3 billion, up more than $1 billion year-over-year and carrying a book-to-bill of 1.12, were broad-based across every business and every region, a departure from prior quarters where AI-driven digital data networks dominated the narrative. That broadening is the central message of this call, and the financial results support it: reported sales of $4.7 billion grew 15% year-over-year (7% organically), adjusted EPS of $2.73 rose 24%, and adjusted operating margins expanded 130 basis points to 21.7%.
Report generated on Jul 21, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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