TEL TE Connectivity (TEL) Q1 FY26 earnings call
TE Connectivity delivered strong Q1 FY26 results, driven by record orders and robust organic growth across both segments, particularly in Digital Data Networks (AI revenue) and Industrial Solutions. The company is increasing capital expenditure to support growing customer awards for AI programs, reinforcing its strategy to capitalize on data and power connectivity trends. Management expects continued margin expansion and double-digit EPS growth, with full-year sales growth ahead of its long-term target.
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TEL operating KPIs by quarter
| KPI | Mar 2025 Q2 FY25 | This call Dec 2025 Q1 FY26 | Mar 2026 Q2 FY26 | Jun 2026 Q3 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Orders | $4.25BOur orders were $4.25 billion, and these were up 6% on both a year-over-year and a sequential basis, and this supports our outlook for the sequential growth into the third quarter, and I'll get into more details on the order levels in a little bit.Source: earnings call transcript | $5.1BIn the quarter, we saw orders increase by over $1 billion versus the prior year to $5.1 billion.Source: earnings call transcript | $5.3BWe saw orders increase to $5.3 billion and I'll provide more color on the order momentum on the next slide.Source: earnings call transcript | $5.7BOur order momentum continues to increase, which resulted in record order levels of $5.7 billion, growing 27% versus the prior year as well as 7% on a sequential basis.Source: earnings call transcript | +7.5% |
| Book-to-bill ratio | 1.02 ratioIn the quarter, we saw orders grow to $4.25 billion, and we had a book-to-bill of 1.02.Source: earnings call transcript | 1.1 ratioAs I mentioned, we saw orders increase to a record level of over $5 billion, and our book-to-bill was 1.1, reinforcing our momentum, and I'll provide more color on orders as I get into the next slide.Source: earnings call transcript | 1.12 ratioAs I mentioned, orders were $5.3 billion with a book-to-bill of 1.12.Source: earnings call transcript | 1.1 ratioWe are running a book-to-bill of 1.1, both in the quarter as well as year-to-date.Source: earnings call transcript | -1.8% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.