Recent News
On January 21, 2026 TE Connectivity reported fiscal first‑quarter results and issued guidance for the second quarter of fiscal 2026, citing expected sales around $4.7 billion and publishing EPS and revenue detail.
On January 26, 2026 the company priced $750 million of senior notes across two maturities as part of a debt offering expected to close on February 9, 2026.
On March 13, 2026 TE announced product and infrastructure showcases for OFC 2026, highlighting optical and thermal solutions for AI data centers.
On March 27, 2026 TE and Credo Technology Group reached a settlement in active electrical cable disputes, according to a news release.
Institutional and insider activity reported across February–March included position adjustments by several funds and a reported sale of shares by a corporate officer; filings and alerts circulated on market data services.
Technical Analysis
Directional indicators: ADX at 16.12 indicates no established trend; DI+ at 27.07 showing a dip‑and‑reversal constitutes bullish directional pressure while DI‑ at 22.58 and decreasing reinforces that bullish tilt.
MACD shows bullish momentum: MACD at 2.55 with the MACD line above the signal line (signal = -1.26) and MACD_trend increasing, which constitutes a momentum crossover to the upside and supports near‑term positive price bias.
MRO reads 22.15 and rising; because MRO sits positive, price sits above the model target and carries a probability of downward mean reversion despite the bullish momentum—this creates a tactical offset to momentum‑driven upside.
Price structure: the close at $234.33 sits above the 20‑, 50‑ and 200‑day averages and above the 12‑day EMA (price12dayEMA = $218.11, price20dayAvg = $213.33, price50dayAvg = $216.35, price200dayAvg = $216.62), indicating trend support for higher levels; price trades above the 1× upper Bollinger band, signaling stretch relative to recent volatility.
Momentum and volatility gauges: RSI 51.56 and rising implies neutral‑to‑positive momentum without overbought pressure; 42‑day beta 1.79 and realized volatility readings show above‑market responsiveness to macro moves. SuperTrend lower support sits near $213.58 and the ichimoku baseline levels cluster in the low‑to‑mid $220s, providing structural reference for pullback support.
Fundamental Analysis
Profitability and margins: operating margin equals 20.90% and EBIT margin equals 21.23%, both improved year‑over‑year (EBIT margin YoY +14.35 percentage points; operating margin YoY +12.62 percentage points). EBIT margin sits above the industry peer mean of 17.862% and the industry peer median of 18.292%, indicating relative margin strength versus peers.
Revenue and growth: total revenue equals $4,669,000,000 with reported revenue growth of -1.69% and year‑over‑year revenue growth shown as -70.45% in the supplied figures; QoQ revenue growth shows a contraction. Gross margin at 37.25% rose YoY, partially offsetting top‑line pressure.
Earnings and cash flow: EPS came in at $2.53 versus an estimate of $2.41, producing an EPS surprise ratio of 4.98%. Net income equals $750,000,000 while operating cash flow equals $819,000,000 and free cash flow equals $607,000,000; free cash flow yield reads 0.90% and free cash flow to net income equals 80.93%, indicating cash conversion remains solid.
Balance sheet and leverage: total debt equals $5,708,000,000 with net debt $4,457,000,000 and debt/EBITDA at 4.57; interest coverage stands at 33.03, indicating ample coverage of interest expense. Current ratio 1.65 and quick ratio 1.07 provide liquidity cushion relative to short‑term obligations.
Returns and capital efficiency: return on equity equals 5.78% and return on assets equals 2.96%, both improving QoQ; asset turnover equals 0.184 and invested capital totals $18,695,000,000. R&D of $225,000,000 supports product development for data center and automotive end markets.
Valuation context: price multiples show a forward PE ~73.86 and a trailing PE ~84.47, PB ~5.20 and enterprise multiple ~57.55; WMDST values the stock as under‑valued despite elevated headline multiples, reflecting a WMDST assessment that current price does not fully account for margin expansion and cash generation trajectory.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-12-31 |
| REPORT DATE: | 2026-01-21 |
| NEXT REPORT DATE: | 2026-04-22 |
| CASH FLOW | Begin Period Cash Flow | $ 1.3 B |
| Operating Cash Flow | $ 819.0 M | |
| Capital Expenditures | $ -258.00 M | |
| Change In Working Capital | $ -358.00 M | |
| Dividends Paid | $ -209.00 M | |
| Cash Flow Delta | $ -4.00 M | |
| End Period Cash Flow | $ 1.3 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 4.7 B | |
| Forward Revenue | $ 1.4 B | |
| COSTS | ||
| Cost Of Revenue | $ 2.9 B | |
| Depreciation | $ 259.0 M | |
| Depreciation and Amortization | $ 259.0 M | |
| Research and Development | $ 225.0 M | |
| Total Operating Expenses | $ 3.7 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.7 B | |
| EBITDA | $ 1.2 B | |
| EBIT | $ 991.0 M | |
| Operating Income | $ 976.0 M | |
| Interest Income | $ 25.0 M | |
| Interest Expense | $ 30.0 M | |
| Net Interest Income | $ -5.00 M | |
| Income Before Tax | $ 961.0 M | |
| Tax Provision | $ 210.0 M | |
| Tax Rate | 21.852 % | |
| Net Income | $ 750.0 M | |
| Net Income From Continuing Operations | $ 751.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.41 | |
| EPS Actual | $ 2.53 | |
| EPS Difference | $ 0.12 | |
| EPS Surprise | 4.979 % | |
| Forward EPS | $ 3.09 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 25.6 B | |
| Intangible Assets | $ 9.3 B | |
| Net Tangible Assets | $ 3.6 B | |
| Total Current Assets | $ 8.4 B | |
| Cash and Short-Term Investments | $ 1.3 B | |
| Cash | $ 1.3 B | |
| Net Receivables | $ 3.5 B | |
| Inventory | $ 3.0 B | |
| Long-Term Investments | $ 1.0 B | |
| LIABILITIES | ||
| Accounts Payable | $ 2.1 B | |
| Short-Term Debt | $ 852.0 M | |
| Total Current Liabilities | $ 5.1 B | |
| Net Debt | $ 4.5 B | |
| Total Debt | $ 5.7 B | |
| Total Liabilities | $ 12.4 B | |
| EQUITY | ||
| Total Equity | $ 13.0 B | |
| Retained Earnings | $ 14.5 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 44.22 | |
| Shares Outstanding | 293.710 M | |
| Revenue Per-Share | $ 15.90 | |
| VALUATION | Market Capitalization | $ 67.5 B |
| Enterprise Value | $ 71.9 B | |
| Enterprise Multiple | 57.553 | |
| Enterprise Multiple QoQ | 0.313 % | |
| Enterprise Multiple YoY | 18.578 % | |
| Enterprise Multiple IPRWA | high: 264.455 median: 86.144 mean: 77.851 TEL: 57.553 low: -120.086 |
|
| EV/R | 15.408 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.968 | |
| Asset To Liability | 2.058 | |
| Debt To Capital | 0.305 | |
| Debt To Assets | 0.223 | |
| Debt To Assets QoQ | -3.732 % | |
| Debt To Assets YoY | 444.854 % | |
| Debt To Assets IPRWA | high: 0.918 median: 0.303 mean: 0.282 TEL: 0.223 low: 0.001 |
|
| Debt To Equity | 0.44 | |
| Debt To Equity QoQ | -4.96 % | |
| Debt To Equity YoY | 492.824 % | |
| Debt To Equity IPRWA | high: 1.927 median: 0.794 mean: 0.703 TEL: 0.44 low: -0.744 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 5.196 | |
| Price To Book QoQ | 4.529 % | |
| Price To Book YoY | 46.816 % | |
| Price To Book IPRWA | high: 12.718 mean: 7.434 median: 6.365 TEL: 5.196 low: -3.4 |
|
| Price To Earnings (P/E) | 84.472 | |
| Price To Earnings QoQ | -2.957 % | |
| Price To Earnings YoY | 12.053 % | |
| Price To Earnings IPRWA | high: 368.159 median: 129.313 mean: 112.58 TEL: 84.472 low: -301.77 |
|
| PE/G Ratio | 7.361 | |
| Price To Sales (P/S) | 14.454 | |
| Price To Sales QoQ | 9.716 % | |
| Price To Sales YoY | 26.241 % | |
| Price To Sales IPRWA | high: 111.449 median: 19.846 mean: 19.762 TEL: 14.454 low: -16.685 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 73.855 | |
| Forward PE/G | 6.436 | |
| Forward P/S | 47.808 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -4.167 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.184 | |
| Asset Turnover Ratio QoQ | -3.013 % | |
| Asset Turnover Ratio YoY | 8.885 % | |
| Asset Turnover Ratio IPRWA | high: 0.529 mean: 0.195 median: 0.19 TEL: 0.184 low: -0.269 |
|
| Receivables Turnover | 1.359 | |
| Receivables Turnover Ratio QoQ | -2.228 % | |
| Receivables Turnover Ratio YoY | 5.686 % | |
| Receivables Turnover Ratio IPRWA | high: 2.671 mean: 1.517 median: 1.443 TEL: 1.359 low: 0.105 |
|
| Inventory Turnover | 1.037 | |
| Inventory Turnover Ratio QoQ | -7.145 % | |
| Inventory Turnover Ratio YoY | 7.571 % | |
| Inventory Turnover Ratio IPRWA | high: 2.907 median: 1.183 mean: 1.054 TEL: 1.037 low: 0.111 |
|
| Days Sales Outstanding (DSO) | 67.153 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 89.012 | |
| Cash Conversion Cycle Days QoQ | 0.28 % | |
| Cash Conversion Cycle Days YoY | -8.51 % | |
| Cash Conversion Cycle Days IPRWA | high: 327.684 mean: 102.265 TEL: 89.012 median: 84.663 low: -50.528 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.415 | |
| CapEx To Revenue | -0.055 | |
| CapEx To Depreciation | -0.996 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 17.8 B | |
| Net Invested Capital | $ 18.7 B | |
| Invested Capital | $ 18.7 B | |
| Net Tangible Assets | $ 3.6 B | |
| Net Working Capital | $ 3.3 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.247 | |
| Current Ratio | 1.651 | |
| Current Ratio QoQ | 6.103 % | |
| Current Ratio YoY | -1.794 % | |
| Current Ratio IPRWA | high: 15.918 mean: 2.844 median: 2.35 TEL: 1.651 low: 0.51 |
|
| Quick Ratio | 1.069 | |
| Quick Ratio QoQ | 3.883 % | |
| Quick Ratio YoY | -2.447 % | |
| Quick Ratio IPRWA | high: 13.588 mean: 1.874 median: 1.783 TEL: 1.069 low: 0.423 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.566 | |
| Cost Of Debt | 0.373 % | |
| Interest Coverage Ratio | 33.033 | |
| Interest Coverage Ratio QoQ | 3.452 % | |
| Interest Coverage Ratio YoY | -72.163 % | |
| Interest Coverage Ratio IPRWA | high: 81.455 TEL: 33.033 median: 12.5 mean: 10.396 low: -61.736 |
|
| Operating Cash Flow Ratio | 0.162 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 61.592 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 3.589 | |
| Dividend Payout Ratio | 0.279 | |
| Dividend Rate | $ 0.71 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 1.878 % | |
| Revenue Growth | -1.685 % | |
| Revenue Growth QoQ | -135.534 % | |
| Revenue Growth YoY | -70.454 % | |
| Revenue Growth IPRWA | high: 57.313 % mean: 7.53 % median: 3.949 % TEL: -1.685 % low: -45.22 % |
|
| Earnings Growth | 11.475 % | |
| Earnings Growth QoQ | 53.225 % | |
| Earnings Growth YoY | -211.886 % | |
| Earnings Growth IPRWA | high: 266.667 % TEL: 11.475 % median: 3.333 % mean: 2.581 % low: -153.846 % |
|
| MARGINS | ||
| Gross Margin | 37.246 % | |
| Gross Margin QoQ | 6.554 % | |
| Gross Margin YoY | 5.054 % | |
| Gross Margin IPRWA | high: 99.615 % mean: 38.59 % median: 38.222 % TEL: 37.246 % low: -6.824 % |
|
| EBIT Margin | 21.225 % | |
| EBIT Margin QoQ | 8.852 % | |
| EBIT Margin YoY | 14.353 % | |
| EBIT Margin IPRWA | high: 41.05 % TEL: 21.225 % median: 18.292 % mean: 17.862 % low: -165.118 % |
|
| Return On Sales (ROS) | 20.904 % | |
| Return On Sales QoQ | 5.72 % | |
| Return On Sales YoY | 12.623 % | |
| Return On Sales IPRWA | high: 41.836 % TEL: 20.904 % mean: 17.458 % median: 15.943 % low: -165.118 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 607.0 M | |
| Free Cash Flow Yield | 0.899 % | |
| Free Cash Flow Yield QoQ | -51.088 % | |
| Free Cash Flow Yield YoY | -41.319 % | |
| Free Cash Flow Yield IPRWA | high: 9.974 % TEL: 0.899 % median: 0.861 % mean: 0.812 % low: -11.909 % |
|
| Free Cash Growth | -47.217 % | |
| Free Cash Growth QoQ | -334.13 % | |
| Free Cash Growth YoY | 150.914 % | |
| Free Cash Growth IPRWA | high: 250.687 % median: 21.004 % mean: -0.8 % TEL: -47.217 % low: -395.065 % |
|
| Free Cash To Net Income | 0.809 | |
| Cash Flow Margin | 17.541 % | |
| Cash Flow To Earnings | 1.092 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 2.962 % | |
| Return On Assets QoQ | 11.563 % | |
| Return On Assets YoY | 27.07 % | |
| Return On Assets IPRWA | high: 13.842 % TEL: 2.962 % mean: 2.606 % median: 2.123 % low: -23.911 % |
|
| Return On Capital Employed (ROCE) | 4.838 % | |
| Return On Equity (ROE) | 0.058 | |
| Return On Equity QoQ | 9.624 % | |
| Return On Equity YoY | 35.723 % | |
| Return On Equity IPRWA | high: 0.198 mean: 0.059 TEL: 0.058 median: 0.052 low: -0.349 |
|
| DuPont ROE | 5.866 % | |
| Return On Invested Capital (ROIC) | 4.143 % | |
| Return On Invested Capital QoQ | 10.48 % | |
| Return On Invested Capital YoY | -102.598 % | |
| Return On Invested Capital IPRWA | high: 9.312 % TEL: 4.143 % median: 3.298 % mean: 3.192 % low: -9.429 % |
|