TE Connectivity plc, together with its subsidiaries, manufactures and sells connectivity and sensor solutions across Europe, the Middle East, Africa, the Asia-Pacific, and the Americas. It operates through two reportable segments: Transportation Solutions and Industrial Solutions. The company offers a wide range of products including antennas, connectors, sensors, relays, fiber optics, and wire and cable solutions, and provides related services such as training, prototyping, and design services. It serves industries such as automotive, aerospace, defense, medical, energy, data centers, and IoT. Formerly known as Tyco Electronics Ltd., it changed its name to TE Connectivity plc in March 2011. Founded in 1941, the company is based in Ballybrit, Ireland.
AI orders surge, record Q3, raised outlook, Astrodyne deal lift TEL
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AI demand drives record orders and raised guidance TEL reported record Q3 revenue of $5.16 billion (up 14%) and EPS of $2.94, beating estimates. Orders jumped 70% this year to a record $5.7 billion, and management raised full-year guidance, citing accelerating AI infrastructure, electrification, and automation demand. This directly boosts future revenue visibility and investor confidence, pushing the stock up.
This is the core new event that answers why TEL is moving: blowout results and raised outlook.
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$1.4 billion Astrodyne TDI acquisition expands power management TEL announced a $1.4 billion deal to acquire Astrodyne TDI, adding over $250 million in annual sales and strengthening its power management and filtering offerings for AI and industrial markets. This is expected to be accretive and positions TEL for high-growth areas, supporting a higher stock price.
The acquisition is a new, concrete capital allocation move that investors are pricing in.
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Humanoid robot market potential highlights TEL as key supplier Wall Street projects a $1.4–$1.7 trillion annual humanoid robot market by 2050, with TEL named as a critical component supplier for connectors, sensors, and power management. This long-term opportunity adds a new growth narrative, attracting investor interest and lifting the stock.
This is a new forward-looking demand driver that broadens TEL's growth story beyond current AI and auto.
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Evercore downgrade on automotive exposure Evercore downgraded TEL to In-Line from Outperform, citing near-term pressures from higher automotive exposure amid slower EV adoption and China slowdown. While long-term trends remain intact, this cautious view may cap upside and weigh on sentiment.
This is the main counterweight, explaining why TEL might not rise as much as peers despite strong results.
Q3 2026
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AI orders surge, record Q3, raised outlook, Astrodyne deal lift TEL
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AI demand drives record orders and raised guidance TEL reported record Q3 revenue of $5.16 billion (up 14%) and EPS of $2.94, beating estimates. Orders jumped 70% this year to a record $5.7 billion, and management raised full-year guidance, citing accelerating AI infrastructure, electrification, and automation demand. This directly boosts future revenue visibility and investor confidence, pushing the stock up.
This is the core new event that answers why TEL is moving: blowout results and raised outlook.
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$1.4 billion Astrodyne TDI acquisition expands power management TEL announced a $1.4 billion deal to acquire Astrodyne TDI, adding over $250 million in annual sales and strengthening its power management and filtering offerings for AI and industrial markets. This is expected to be accretive and positions TEL for high-growth areas, supporting a higher stock price.
The acquisition is a new, concrete capital allocation move that investors are pricing in.
▲
Humanoid robot market potential highlights TEL as key supplier Wall Street projects a $1.4–$1.7 trillion annual humanoid robot market by 2050, with TEL named as a critical component supplier for connectors, sensors, and power management. This long-term opportunity adds a new growth narrative, attracting investor interest and lifting the stock.
This is a new forward-looking demand driver that broadens TEL's growth story beyond current AI and auto.
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Evercore downgrade on automotive exposure Evercore downgraded TEL to In-Line from Outperform, citing near-term pressures from higher automotive exposure amid slower EV adoption and China slowdown. While long-term trends remain intact, this cautious view may cap upside and weigh on sentiment.
This is the main counterweight, explaining why TEL might not rise as much as peers despite strong results.
News & notes movingTEL
United States
Artificial Intelligenceimpact 4
Amphenol Q2 2026 Orders Jump 94% as AI Datacom Drives Growth
Amphenol reported second-quarter 2026 orders of $10.7 billion, up 94% year over year and 14% sequentially, for a book-to-bill ratio of 1.23:1, with every end market posting a positive book-to-bill ratio. The adjusted operating margin expanded 420 basis points year over year and 250 basis points sequentially to 29.8%, and even excluding tariff recoveries the margin approached 29%. CommScope contributed more than $1.2 billion in second-quarter sales at a margin above 20%, and Amphenol raised its expected 2026 CommScope revenues to $4.6 billion from $4.1 billion while doubling expected adjusted EPS accretion to 30 cents from 15 cents. IT datacom represented 43% of second-quarter sales, with revenues rising 89% year over year and 63% organically, and adjusted EPS rose 67% year over year to $1.35 as operating and free cash flows reached $1.6 billion and $1.2 billion. Amphenol faces competition from Marvell Technology, which lifted its fiscal 2028 revenue outlook to $18 billion, and TE Connectivity, which reported record orders of $5.7 billion, up 27% year over year.
APH · Capital · Positive Adjusted operating margin expanded 420bp to 29.8% and adjusted EPS rose 67% YoY to $1.35, with raised CommScope revenue and EPS accretion guidance.
APH · Demand · Positive Q2 2026 orders jumped 94% YoY to $10.7B with 1.23:1 book-to-bill and IT datacom revenue up 89%, signaling strong end-customer demand.
MRVL · Competition · Neutral Named only as a competitor, with its fiscal 2028 revenue outlook lifted to $18B cited as context for Amphenol's competitive landscape.
TEL · Competition · Neutral Named only as a competitor reporting record orders of $5.7B, up 27% YoY, cited as context for Amphenol's competitive environment.
Amphenol AI Datacom Sales Surge 89% as CommScope Adds $1.2 Billion
Amphenol's IT datacom business, which represented 43% of the company's total sales in the second quarter of 2026, saw revenues surge 89% year over year and 63% organically, with management saying the AI revenue run rate has reached roughly $10.5-$11 billion. Management noted that virtually all of the 22% sequential IT datacom growth in the quarter came from AI-related products, as customers require more copper, optics and power for larger, more complex AI clusters. The company's acquisition of CommScope contributed more than $1.2 billion in sales in the quarter, with CommScope's IT datacom business nearly doubling year over year; management expects that market to account for just under half of CommScope's 2026 sales, compared with roughly one-third in 2025. Amphenol faces tough competition from TE Connectivity, whose Digital Data Networks sales rose 34% year over year in the third quarter of fiscal 2026 with bookings up more than 70% year to date, and from Marvell Technology, whose data-center revenues increased 46% year over year to $2.17 billion in the second quarter of fiscal 2027. Amphenol shares have risen 16% year to date, trailing the broader Zacks Computer and Technology sector's 17% gain, and trade at a forward 12-month price/earnings of 25.32X versus the sector's 20.38X, while the Zacks Consensus Estimate for earnings stands at 72 cents per share, up 5 cents over the past 30 days and implying 53.19% growth.
APH · Capital · Positive CommScope acquisition contributed over $1.2B in sales in the quarter, boosting Amphenol's financial results.
APH · Demand · Positive Amphenol's IT datacom sales surged 89% YoY with AI revenue run rate reaching ~$10.5-11B on strong AI-related product demand.
MRVL · Demand · Positive Marvell's data-center revenues rose 46% YoY to $2.17B, cited as a competitor benefiting from AI datacom demand.
TEL · Demand · Positive TE Connectivity's Digital Data Networks sales rose 34% YoY with bookings up over 70% YTD, cited as a competitor gaining in AI datacom.
TE Connectivity Declares Quarterly Dividend of $0.78 per Share
TE Connectivity plc announced that its board of directors declared a regular quarterly cash dividend of $0.78 per ordinary share. The dividend is payable on December 11, 2026, to shareholders of record at the close of business on November 20, 2026. TE Connectivity, based in Galway, Ireland, is a global industrial technology leader whose connectivity and sensor solutions serve next-generation transportation, energy networks, automated factories and data centers enabling artificial intelligence. The company employs more than 90,000 people, including 10,000 engineers, working with customers in approximately 130 countries.
Amphenol's Communications Segment Surges 85% on AI Demand
Amphenol's Communications Solutions segment surged 85% year over year in the second quarter of 2026, driven by AI-related IT datacom demand and acquisitions, with the segment now representing roughly 62% of total revenues. IT datacom, which accounted for 43% of quarterly sales, grew 89% year over year and 63% organically, with sequential growth of 22% almost entirely from AI products. The company expects another mid-teen sequential increase in the third quarter as AI data-center investments accelerate. Amphenol raised CommScope's expected 2026 revenues to $4.6 billion from $4.1 billion, and it projects third-quarter sales of $9.3-$9.4 billion, implying 50-52% year-over-year growth, with adjusted earnings of $1.40-$1.42 per share. Rivals TE Connectivity and Bel Fuse are also growing, with TE's Digital Data Networks revenues up 34% to $813 million and Bel Fuse's Data Solutions up 55% to roughly $58 million, but Amphenol's shares have outperformed, rising 17.5% year to date versus the sector's 14.4%.
TE Connectivity reported third-quarter fiscal 2026 adjusted earnings of $2.94 per share, up 22% year over year and beating the Zacks Consensus Estimate of $2.85 by 3.2%. Net sales increased 14% year over year to $5.16 billion, surpassing the consensus estimate by 3.14%, with both the Transportation Solutions and Industrial Solutions segments each generating $2.58 billion in revenue. The company also provided positive fourth-quarter guidance, expecting sales of approximately $5.25 billion and adjusted earnings of approximately $3.05 per share, and agreed to acquire Astrodyne TDI for approximately $1.4 billion. TE Connectivity repurchased $529 million of shares and paid $226 million in dividends during the quarter.
TE Connectivity Beats Q3 Estimates, Raises Guidance, and Plans $1.4 Billion Astrodyne Acquisition
TE Connectivity reported fiscal third-quarter revenue of $5.16 billion, up 14% year over year and above the $5 billion analyst consensus, while adjusted earnings per share of $2.94 topped the $2.84 estimate. The company issued fourth-quarter guidance above Wall Street expectations, projecting revenue of about $5.25 billion and adjusted EPS of $3.05, compared with estimates of $5.16 billion and $2.96. TE Connectivity also announced a planned $1.4 billion acquisition of power management and filtering solutions provider Astrodyne TDI to strengthen its portfolio in high-growth industrial and AI-related markets. The stock trades at a forward price-to-earnings ratio of 15.95, below rival Amphenol's 31.45, and offers a dividend yield of 1.37% versus Amphenol's 0.58%. Hedge fund holders of TE Connectivity declined to 62 in the first quarter from 72 in the prior quarter, while short interest fell to 2.9% as of July 15 from 3.1% on June 30.
Wall Street Sees a Multitrillion-Dollar Humanoid Robot Market, Highlighting TE Connectivity and Amphenol as Component Suppliers
Wall Street analysts project the humanoid robotics market could reach $1.4 trillion to $1.7 trillion annually by 2050, according to UBS. TE Connectivity and Amphenol are positioned as key component suppliers, providing connectors, sensors, and power management systems essential for every humanoid robot regardless of the manufacturer. TE Connectivity reported record third-quarter 2026 revenue of $5.16 billion, up 14% year over year, with adjusted earnings per share rising 22% to $2.94. Amphenol posted record second-quarter 2026 sales of $8.8 billion, a 55% increase, and adjusted diluted earnings per share of $1.35, up 67%. Both companies already serve diverse industries including AI infrastructure, automotive, and industrial automation, offering diversified exposure to the emerging humanoid robotics supply chain.
TE Connectivity Posts Record Orders but Shares Fall on Guidance Slowdown
TE Connectivity reported record fiscal third-quarter results with net revenue rising 14% year-over-year to $5.16 billion and adjusted earnings per share of $2.94, beating estimates, yet shares fell roughly 7% as fourth-quarter guidance pointed to a sequential deceleration. Orders surged 27% to a record $5.7 billion, driven by a more than 70% year-to-date increase in data center connection and power distribution orders amid AI cloud momentum. The company also announced a $1.4 billion agreement to acquire Astrodyne TDI, which will add approximately $250 million in annual revenue to its Industrial Solutions segment. Management guided for fiscal fourth-quarter sales of about $5.25 billion and adjusted earnings per share of $3.05, representing slower growth compared to the third quarter. TE Connectivity trades at a forward price-to-earnings ratio of about 16x, a discount to both the technology hardware median of 21x and direct peer Amphenol's multiple of over 26x.
TE Connectivity forecasts quarterly profit and revenue above estimates on AI demand
TE Connectivity forecast fourth-quarter profit and revenue above Wall Street expectations, betting on a boom in demand for its AI-related tools and products. The company expects adjusted profit of $3.05 per share, compared with analysts' estimates of $2.96 per share, and revenue of about $5.25 billion, above the estimate of $5.16 billion. CEO Terrence Curtin said orders rose by more than $1 billion to $5.7 billion in the third quarter, with orders up 70% this year, building a strong backlog into next year. Third-quarter revenue grew 14% to $5.16 billion, beating the $5 billion estimate, and adjusted profit of $2.94 per share topped the $2.84 estimate. Curtin also said the company would continue passing on higher raw material costs through price hikes and would return any tariff refunds to customers rather than offering broad price cuts.
TE Connectivity Set to Report Q3 Earnings With Strong Order Momentum
TE Connectivity is scheduled to report its third-quarter fiscal 2026 results on July 22. The company expects adjusted earnings of approximately $2.83 per share, representing 17% year-over-year growth, while the Zacks Consensus Estimate stands at $2.85 per share, implying 25.55% growth from the year-ago quarter. Sales are projected at around $5 billion, indicating 10% reported growth and 9% organic growth, with the consensus estimate at $4.95 billion. The quarter is expected to have benefited from record orders of $5.3 billion in the prior quarter and a book-to-bill ratio of 1.12, along with strength in the Industrial Solutions segment driven by AI-related demand in digital data networks, energy, aerospace and defense, and factory automation. The Transportation segment is also poised to outperform, supported by content gains in commercial transportation and automotive despite a flattish global auto production environment. TE Connectivity has an Earnings ESP of +0.18% and a Zacks Rank #2, indicating a possible earnings beat.
TE Connectivity Stock Appears Fairly Valued After Record Orders
TE Connectivity stock appears fairly valued at around US$201.44, with a discounted cash flow model estimating intrinsic value at about US$202 per share, implying the stock is only 0.2% undervalued. The company has returned 59.3% over the past five years, and record orders tied to AI infrastructure and electrification themes support future cash flow expectations. On an earnings basis, the stock trades at approximately 20.2 times earnings, well below the electronic industry average of 32.8 times and a tailored fair price-to-earnings ratio of 31.3 times, suggesting it remains undervalued on that metric. Barclays recently raised its price target to US$300, reflecting strong order trends, but cost pressures and potential slowdowns in key end markets pose risks to the valuation.
Artificial Intelligence › AI Data Center & Build-out ▲Demand
TEL · Capital · Positive Record orders tied to AI and electrification, Barclays raised price target to $300, and stock appears undervalued on P/E basis.
Evercore ISI Downgrades TE Connectivity to In Line, Cuts Price Target to $230
Evercore ISI downgraded TE Connectivity to In Line from Outperform and lowered its price target to $230 from $260, citing that the current valuation already reflects the company's long-term potential amid near-term uncertainty. The firm remains constructive on structural growth drivers from AI and energy but sees a less favorable 12-month risk/reward, noting that AI remains a small portion of overall revenue. TE Connectivity reported fiscal second-quarter 2026 net sales of $4.74 billion, up 7% organically and 15% on a reported basis year over year, with adjusted earnings per share reaching a record $2.73, a 24% increase.
Bell Global Equities Fund adds TE Connectivity for EV and AI exposure
Bell Global Equities Fund has added TE Connectivity to its portfolio, highlighting the company's role in electric vehicle and AI data center components. The fund's move reflects institutional attention on TE Connectivity's exposure to fast-growing technology end markets, as the company focuses on connectors and sensors that link power and data across complex systems in many electric vehicles and AI data centers. As more automakers scale up EV platforms and AI workloads require denser, more power-hungry data centers, demand for reliable high-performance components is attracting investor attention. The portfolio inclusion puts a spotlight on how the business is positioned across multiple technology supply chains, and may lead investors to watch future disclosures around segment mix, capital allocation, and any capacity or product updates tied to these markets.
Global RFID Antenna Market to Reach USD 0.42 Billion by 2032 with 10.1% CAGR
The global RFID antenna market is projected to grow from USD 0.24 billion in 2026 to USD 0.42 billion by 2032, at a compound annual growth rate of 10.1%. Airport and baggage handling is expected to see the highest growth among applications, driven by smart airport investments and demand for real-time baggage tracking. Fixed deployment leads the market, used in high-volume environments like warehouses and airports for continuous automated scanning. The Asia Pacific region is set to hold the largest market share, fueled by digitalization and Industry 4.0 initiatives in countries such as China, India, and Japan. Key players include Zebra Technologies, TE Connectivity, and Impinj.
Evercore keeps Amphenol as top pick, cautious on TE Connectivity and Sensata
Evercore maintained Amphenol as its top pick while adopting a more cautious near-term stance on TE Connectivity and Sensata Technologies, noting that near-term fundamentals are choppy though long-term trends remain intact. The connector market grew about 14.7% year-over-year to roughly $99.2 billion in 2025, significantly above prior estimates of around 7.9%, reinforcing the sector's attractiveness. Looking into 2026, analysts expect sustained momentum driven by AI-related IT and telecom strength, a recovery in industrial segments supported by energy transition and automation, while automotive faces headwinds from slower EV adoption and China slowdown. Amphenol, rated Outperform with a $180 price target, is seen as best positioned to capitalize on the AI investment cycle given its leading position in copper and fiber, robust M&A strategy, and agile cost structure. TE Connectivity was downgraded to In-Line from Outperform with a $230 price target due to near-term pressures from higher automotive exposure, while Sensata, rated In Line with a $43 target, shows improving margins and free cash flow but faces balanced risk/reward amid auto and HVAC softness.
TE Connectivity Set to Report Q3 2026 Earnings, Analysts Expect 25.1% EPS Growth
TE Connectivity is set to unveil its fiscal third quarter 2026 results soon, with analysts expecting adjusted earnings per share of $2.84, a 25.1% increase from $2.27 in the year-ago quarter. The company has surpassed Wall Street's bottom-line estimates in each of the past four quarters. For the full fiscal year 2026, analysts project adjusted EPS of $11.31, surging 29.1% from $8.76 in fiscal 2025. TE Connectivity shares tumbled 9.1% on April 22 after reporting second quarter revenue of $4.74 billion that missed estimates, despite delivering better-than-expected adjusted EPS of $2.73, and management warned that the Iran and Middle East conflict was increasing freight and material costs. Analysts hold a cautiously optimistic consensus rating of Moderate Buy on the stock, with an average price target of $258.63, suggesting a potential upside of 28.1% from current levels.
TEL · Capital · Positive Analysts expect 25.1% EPS growth and the company has beaten estimates for four quarters; consensus price target suggests 28.1% upside.
Barclays lifts TE Connectivity price target to $300
Barclays raised its price target on TE Connectivity to $300 from $297 and reiterated an Overweight rating on the shares. The firm lowered its fiscal third-quarter earnings estimates ahead of the company's earnings report. TE Connectivity reported fiscal second-quarter 2026 net sales of $4.74 billion, up 7% organically and 15% on a reported basis year over year, with record orders of $5.3 billion, a 25% increase. The company provides connectivity and sensor solutions across Transportation Solutions, Industrial Solutions, and Communications Solutions segments.
USA