Friday 6 November 2026
Export TEL’s income statement to Excel — free account
TE Connectivity Ltd.
TEL Technology Electronic Components
TE Connectivity Ltd.’s revenue for fiscal 2026 (year ended September 2026) was $19.9 billion, up 15.2% from fiscal 2025.
- Revenue
- +11.9%
- EPS
- +38.4%
- Free cash flow
- +7.54%
- Total debt
- +6.09%
Quarter to September 2026, against a year earlier
208.18
1.82
+0.88%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to September
| Ten-year view | Analyst estimates Powerpack | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | |||||||||||||||||
| Income, $m | Revenue | 12,185 | 13,988 | 13,448 | 12,172 | 14,923 | 16,281 | 16,034 | 15,845 | 17,262 | 19,885 | +5.6% | 4,659 | 4,989 | — | (49.9%) | |
| Gross margin, % | 34.33 | 33.92 | 32.67 | 30.69 | 32.75 | 32.21 | 31.53 | 34.43 | 35.22 | 36.24 | +1.9 pt | ||||||
| EBT | 1,720 | 2,240 | 1,931 | 524 | 2,378 | 2,733 | 2,268 | 2,797 | 3,204 | 3,950 | +9.7% | ||||||
| EBT margin, % | 14.12 | 16.01 | 14.36 | 4.30 | 15.94 | 16.79 | 14.14 | 17.65 | 18.56 | 19.86 | +5.7 pt | ||||||
| Net income | 1,683 | 2,565 | 1,844 | (241) | 2,261 | 2,428 | 1,910 | 3,193 | 1,842 | 3,253 | +7.6% | ||||||
| Per share, $ | |||||||||||||||||
| Per share, $ | Revenue | 34.32 | 39.97 | 39.79 | 36.66 | 45.22 | 50.41 | 50.90 | 51.61 | 58.12 | 68.10 | +7.9% | |||||
| Earnings | 4.74 | 7.33 | 5.46 | (0.73) | 6.85 | 7.52 | 6.06 | 10.40 | 6.20 | 11.14 | +10.0% | ||||||
| Cash flow | 6.54 | 7.00 | 7.17 | 6.00 | 8.11 | 7.64 | 9.94 | 11.33 | 13.94 | 15.50 | +10.1% | ||||||
| Capex | (1.86) | (2.61) | (2.09) | (1.64) | (1.83) | (2.05) | (2.31) | (2.16) | (3.11) | (3.81) | +8.3% | ||||||
| Free cash flow | 4.68 | 4.40 | 5.08 | 4.36 | 6.28 | 5.59 | 7.63 | 9.16 | 10.82 | 11.68 | +10.7% | ||||||
| Book value | 27.47 | 30.95 | 31.27 | 28.26 | 32.22 | 33.44 | 36.67 | 40.24 | 42.37 | 46.48 | +6.0% | ||||||
| Shares, m | 355 | 350 | 338 | 332 | 330 | 323 | 315 | 307 | 297 | 292 | (2.1%) | ||||||
| Valuation, × | |||||||||||||||||
| Valuation, × | P/E | 17.64 | 11.77 | 17.03 | 0.00 | 20.00 | 14.70 | 20.33 | 14.60 | 35.29 | 18.92 | 17.0 | |||||
| P/S | 2.44 | 2.17 | 2.34 | 2.67 | 3.03 | 2.19 | 2.42 | 2.93 | 3.78 | 3.07 | 2.7 | ||||||
| P/B | 3.05 | 2.81 | 2.98 | 3.46 | 4.26 | 3.30 | 3.36 | 3.75 | 5.18 | 4.49 | 3.7 | ||||||
| EV/Sales | 2.71 | 2.39 | 2.59 | 2.94 | 3.25 | 2.38 | 2.59 | 3.11 | 4.04 | 3.28 | 2.9 | ||||||
| EV/FCF | 19.89 | 21.74 | 20.30 | 24.73 | 23.43 | 21.44 | 17.29 | 17.51 | 21.68 | 19.14 | 20.7 | ||||||
| Cash, $m | |||||||||||||||||
| Cash, $m | Operating cash flow | 2,321 | 2,451 | 2,422 | 1,992 | 2,676 | 2,468 | 3,132 | 3,477 | 4,139 | 4,525 | +7.7% | |||||
| Capex | (660) | (912) | (706) | (543) | (604) | (662) | (728) | (664) | (925) | (1,113) | +6.0% | ||||||
| Free cash flow | 1,661 | 1,539 | 1,716 | 1,449 | 2,072 | 1,806 | 2,404 | 2,813 | 3,214 | 3,412 | +8.3% | ||||||
| Balance, $m | |||||||||||||||||
| Balance, $m | Working capital | 2,079 | 1,789 | 2,014 | 2,094 | 2,607 | 2,636 | 3,429 | 2,885 | 2,846 | 3,919 | +7.3% | |||||
| Net debt | 2,416 | 2,189 | 2,468 | 2,507 | 2,386 | 2,204 | 1,868 | 2,013 | 3,587 | 3,440 | +4.0% | ||||||
| Shareholders’ equity | 9,751 | 10,831 | 10,570 | 9,383 | 10,634 | 10,802 | 11,551 | 12,355 | 12,585 | 13,573 | +3.7% | ||||||
| Returns, % | |||||||||||||||||
| Returns, % | ROA | 9.09 | 12.89 | 9.20 | (1.24) | 11.11 | 11.50 | 8.99 | 14.33 | 7.69 | 12.57 | +3.5 pt | |||||
| ROIC | 9.64 | 11.19 | 9.48 | 2.82 | 11.68 | 13.24 | 10.73 | 12.16 | 12.41 | 14.66 | +5.0 pt | ||||||
| ROE | 18.46 | 24.92 | 17.23 | (2.42) | 22.59 | 22.65 | 17.09 | 26.71 | 14.77 | 24.87 | +6.4 pt | ||||||
| People | |||||||||||||||||
| People | Employees | 78,000 | 80,000 | 78,000 | 82,000 | 89,000 | 92,000 | 90,000 | 87,000 | 93,000 | — | +2.2% | |||||
| Revenue/emp, $m | 0.16 | 0.17 | 0.17 | 0.15 | 0.17 | 0.18 | 0.18 | 0.18 | 0.19 | 0.00 | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Sep 2026 · latest quarter Sep 2026 · fundamentals updated 2 Nov 2026
Business profile
Where the money comes from and where it goes Fiscal 2025
| Transportation Solutions | 9,388 | 54.39% |
|---|---|---|
| Industrial Solutions | 7,874 | 45.61% |
| Gross margin | 35.22% | |
| Operating margin | 18.60% | |
| Pre-tax margin | 18.56% |
TE Connectivity Ltd. vs peers in Electronic Components (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| APH Amphenol Corporation | $176.9B | 30.1× | 29.6× | +65.14% (above 0%: growing) | +60.78% (above 0%: growing) | +33.50% (above 0%: growing) | 39.26% | 29.53% | Compare |
| GLW Corning Incorporated | $89.1B | 40.5× | 43.9× | +18.41% (above 0%: growing) | +72.88% (above 0%: growing) | +14.67% (above 0%: growing) | 37.28% | 18.76% | Compare |
| TEL TE Connectivity Ltd. | $59.3B | 18.6× | 19.1× | +11.86% (above 0%: growing) | +38.41% (above 0%: growing) | +7.54% (above 0%: growing) | 35.52% | 20.58% | |
| FLEX Flex Ltd. | $24.7B | 24.3× | 23.9× | +24.79% (above 0%: growing) | +34.62% (above 0%: growing) | −14.43% (below 0%: shrinking) | 9.56% | 4.88% | Compare |
| JBL Jabil, Inc. | $24.3B | 24.3× | 18.0× | +28.65% (above 0%: growing) | +87.19% (above 0%: growing) | +7.13% (above 0%: growing) | 9.43% | 5.67% | Compare |
| FN Fabrinet | $10.5B | 22.2× | 18.7× | +50.74% (above 0%: growing) | +7.68% (above 0%: growing) | −340.60% (below 0%: shrinking) | 11.79% | 9.90% | Compare |
| LFUS Littelfuse, Inc. | $8.9B | 259× | 23.3× | +22.75% (above 0%: growing) | +62.22% (above 0%: growing) | +57.67% (above 0%: growing) | 41.55% | 20.00% | Compare |
| RAL Ralliant Corporation | $7.0B | — (loss-making) | 31.4× | +17.20% (above 0%: growing) | +122.03% (above 0%: growing) | −19.51% (below 0%: shrinking) | 53.15% | 18.95% | Compare |
| TTMI TTM Technologies, Inc. | $6.6B | 24.7× | 23.2× | +59.93% (above 0%: growing) | +56.86% (above 0%: growing) | +75.69% (above 0%: growing) | 24.24% | 13.48% | Compare |
| Median of peers | $17.4B | 24.7× | 23.6× | +26.72% | +61.50% | +10.90% | 30.76% | 16.12% |
From the latest earnings call
- Terrence Curtin said orders reached $5.7 billion in the quarter and backlog growth provided visibility into continued broad-based growth in fiscal 2027.
- Curtin said AI infrastructure investment was driving growth in Digital Data Networks and energy, while TE expected fiscal 2026 sales growth of 15.0%.
Pay and ownership Proxy statement filed 15 January 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2025 | 18.33m | 66.65m | 247.03 |
| 2024 | 16.84m | 27.09m | 169.31 |
| 2023 | 16.72m | 21.83m | 135.95 |
| 2022 | 15.93m | 3.84m | 119.28 |
| 2021 | 14.72m | 45.38m | 153.36 |
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Read the proxy statement
TE Connectivity Ltd. (TEL) Latest News
29 Oct
28 Oct
23 Oct
14 Aug
TEL metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
TE Connectivity plc makes connectivity and sensor products that help move power, signals and data through equipment. Its products include connectors, terminals, sensors, relays, cable and protective tubing. Customers use them in vehicles, electrical grids, factories, data centers, aircraft and medical devices.
A connector joins electrical or electronic parts so that power or information can pass between them. TE also makes products for demanding conditions, such as the heat, vibration and exposure encountered by vehicles and industrial equipment. Its sensors serve customers in industries ranging from automotive and commercial transportation to medical and aerospace.