Recent News
On Feb 13, 2026 TE Connectivity entered a new $3.0 billion five‑year senior revolving credit facility with Bank of America as administrative agent. On Mar 23, 2026 the company published a global Industrial Technology Index finding that return on investment has become the top priority for industrial adopters of AI. TE exhibited end‑to‑end optical infrastructure solutions for AI data centers at OFC 2026 (Mar 17–19). TE also received recognition on the 2026 World’s Most Ethical Companies list in mid‑March.
Technical Analysis
Directional indicators (ADX / DI+ / DI-): ADX at 23.24 indicates an emerging trend strength, while DI+ (22.19) decreases and DI‑ (32.79) shows a peak‑and‑reversal pattern; the directional split signals asymmetric downside pressure offset by a recent DI‑ reversal that can limit sustained weakness.
MACD: MACD rests negative at -2.28 and the MACD trend is decreasing with the MACD below its signal (0.37), which constitutes continued bearish momentum and no bullish MACD cross at present.
MRO (Momentum/Regression Oscillator): MRO at 24.01 with a dip‑and‑reversal indicates the price sits above the model target and carries moderate downward pressure toward the target; that pressure counters short‑term upside unless fundamental catalysts shift realized cash flows.
RSI and momentum: RSI 48.33 and decreasing shows neutral‑to‑mild weakening momentum rather than oversold bounce potential; momentum indicators therefore favor range compression with potential for renewed volatility if volume expands.
Price versus averages and volatility: Last close $206.94 sits below the 20‑day ($219.81) and 200‑day ($220.53) averages; the 12‑day EMA and 26‑day EMA both trend lower. Near‑term support aligns just above the 1× lower Bollinger band ($201.49). Elevated 42‑day beta (1.48) suggests price will amplify market moves over the next six weeks.
Fundamental Analysis
Profitability: EBIT $974,000,000 and operating income $972,000,000 produce an EBIT margin of 20.53%. EBIT margin improved YoY by 10.61% while QoQ margin slipped 3.27%, indicating year‑over‑year margin expansion with recent quarterly compression. Operating margin mirrors this profile at 20.49% (operating margin YoY +10.39%, QoQ -1.99%).
Earnings and cash flow: Reported EPS $2.90 versus an estimate of $2.48 delivered a $0.42 beat, an EPS surprise of 16.94%. Operating cash flow $1,144,000,000 and free cash flow $677,000,000 yield a free cash flow yield of 1.05%, which exceeds the industry peer mean. Cash conversion metrics remain elongated: cash conversion cycle ~91.08 days but improved YoY by 4.37%.
Leverage and liquidity: Total debt $5,655,000,000 with net debt $4,545,000,000 produces debt/EBITDA ~4.65x and debt‑to‑assets 22.02%, the latter modestly above the industry peer mean. Interest coverage ~30.44x signals strong capacity to service interest. A current ratio of 1.89 and quick ratio 1.20 improved QoQ, and the new $3.0B revolver enhances near‑term liquidity.
Growth and returns: Total revenue $4,744,000,000 with reported revenue growth 1.61% and revenue growth YoY showing a significant comparator delta (reported YoY variance in the dataset). Return on equity 6.46% improved YoY by 58.82%, and return on invested capital ~4.68% rose materially YoY—these gains reflect margin recovery and cash flow conversion rather than outsized top‑line expansion.
Multiples and valuation: PE ~81.11 sits below the industry peer mean PE, while price/ book ~4.89 sits below the industry peer mean. Enterprise multiple and forward multiples remain elevated but WMDST currently values the stock as under‑valued driven by above‑mean free cash flow yield, strong interest coverage, and improving margins; those factors counterbalance leverage and limited revenue growth.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2026-03-31 |
| REPORT DATE: | 2026-04-22 |
| NEXT REPORT DATE: | 2026-07-22 |
| CASH FLOW | Begin Period Cash Flow | $ 1.3 B |
| Operating Cash Flow | $ 1.1 B | |
| Capital Expenditures | $ -270.00 M | |
| Change In Working Capital | $ -291.00 M | |
| Dividends Paid | $ -208.00 M | |
| Cash Flow Delta | $ -141.00 M | |
| End Period Cash Flow | $ 1.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 4.7 B | |
| Forward Revenue | $ 1.3 B | |
| COSTS | ||
| Cost Of Revenue | $ 3.0 B | |
| Depreciation | $ 243.0 M | |
| Depreciation and Amortization | $ 243.0 M | |
| Research and Development | $ 237.0 M | |
| Total Operating Expenses | $ 3.8 B | |
| PROFITABILITY | ||
| Gross Profit | $ 1.7 B | |
| EBITDA | $ 1.2 B | |
| EBIT | $ 974.0 M | |
| Operating Income | $ 972.0 M | |
| Interest Income | $ 21.0 M | |
| Interest Expense | $ 32.0 M | |
| Net Interest Income | $ -11.00 M | |
| Income Before Tax | $ 942.0 M | |
| Tax Provision | $ 87.0 M | |
| Tax Rate | 9.2 % | |
| Net Income | $ 855.0 M | |
| Net Income From Continuing Operations | $ 855.0 M | |
| EARNINGS | ||
| EPS Estimate | $ 2.48 | |
| EPS Actual | $ 2.90 | |
| EPS Difference | $ 0.42 | |
| EPS Surprise | 16.935 % | |
| Forward EPS | $ 3.16 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 25.7 B | |
| Intangible Assets | $ 9.6 B | |
| Net Tangible Assets | $ 3.7 B | |
| Total Current Assets | $ 8.2 B | |
| Cash and Short-Term Investments | $ 1.1 B | |
| Cash | $ 1.1 B | |
| Net Receivables | $ 3.5 B | |
| Inventory | $ 3.0 B | |
| Long-Term Investments | $ 1.0 B | |
| LIABILITIES | ||
| Accounts Payable | $ 2.2 B | |
| Short-Term Debt | $ 102.0 M | |
| Total Current Liabilities | $ 4.4 B | |
| Net Debt | $ 4.5 B | |
| Total Debt | $ 5.7 B | |
| Total Liabilities | $ 12.3 B | |
| EQUITY | ||
| Total Equity | $ 13.2 B | |
| Retained Earnings | $ 13.9 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 45.30 | |
| Shares Outstanding | 292.141 M | |
| Revenue Per-Share | $ 16.24 | |
| VALUATION | Market Capitalization | $ 64.7 B |
| Enterprise Value | $ 69.2 B | |
| Enterprise Multiple | 56.886 | |
| Enterprise Multiple QoQ | -1.158 % | |
| Enterprise Multiple YoY | 21.651 % | |
| Enterprise Multiple IPRWA | high: 156.335 median: 111.597 mean: 109.969 TEL: 56.886 low: 47.029 |
|
| EV/R | 14.593 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.94 | |
| Asset To Liability | 2.088 | |
| Debt To Capital | 0.299 | |
| Debt To Assets | 0.22 | |
| Debt To Assets QoQ | -1.419 % | |
| Debt To Assets YoY | -7.205 % | |
| Debt To Assets IPRWA | high: 0.45 median: 0.241 TEL: 0.22 mean: 0.197 low: 0.006 |
|
| Debt To Equity | 0.427 | |
| Debt To Equity QoQ | -2.778 % | |
| Debt To Equity YoY | -8.014 % | |
| Debt To Equity IPRWA | high: 1.343 mean: 0.504 median: 0.447 TEL: 0.427 low: 0.007 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 4.888 | |
| Price To Book QoQ | -5.936 % | |
| Price To Book YoY | 41.051 % | |
| Price To Book IPRWA | high: 9.331 median: 5.875 mean: 5.521 TEL: 4.888 low: 1.638 |
|
| Price To Earnings (P/E) | 81.106 | |
| Price To Earnings QoQ | -3.985 % | |
| Price To Earnings YoY | 20.848 % | |
| Price To Earnings IPRWA | high: 256.842 mean: 122.365 median: 100.488 TEL: 81.106 low: 43.93 |
|
| PE/G Ratio | 220.396 | |
| Price To Sales (P/S) | 13.635 | |
| Price To Sales QoQ | -5.662 % | |
| Price To Sales YoY | 34.893 % | |
| Price To Sales IPRWA | high: 28.558 mean: 14.824 TEL: 13.635 median: 9.745 low: 3.043 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 69.585 | |
| Forward PE/G | 189.089 | |
| Forward P/S | 50.582 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | -1.068 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.185 | |
| Asset Turnover Ratio QoQ | 0.418 % | |
| Asset Turnover Ratio YoY | 3.032 % | |
| Asset Turnover Ratio IPRWA | high: 0.523 mean: 0.297 TEL: 0.185 median: 0.181 low: 0.103 |
|
| Receivables Turnover | 1.371 | |
| Receivables Turnover Ratio QoQ | 0.857 % | |
| Receivables Turnover Ratio YoY | 0.976 % | |
| Receivables Turnover Ratio IPRWA | high: 2.012 mean: 1.539 median: 1.448 TEL: 1.371 low: 1.345 |
|
| Inventory Turnover | 1.009 | |
| Inventory Turnover Ratio QoQ | -2.74 % | |
| Inventory Turnover Ratio YoY | -1.869 % | |
| Inventory Turnover Ratio IPRWA | high: 1.53 median: 1.196 mean: 1.056 TEL: 1.009 low: 0.168 |
|
| Days Sales Outstanding (DSO) | 66.581 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 91.076 | |
| Cash Conversion Cycle Days QoQ | 2.318 % | |
| Cash Conversion Cycle Days YoY | -4.373 % | |
| Cash Conversion Cycle Days IPRWA | high: 242.817 mean: 111.247 median: 101.135 TEL: 91.076 low: 61.489 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 1.224 | |
| CapEx To Revenue | -0.057 | |
| CapEx To Depreciation | -1.111 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 18.8 B | |
| Net Invested Capital | $ 18.9 B | |
| Invested Capital | $ 18.9 B | |
| Net Tangible Assets | $ 3.7 B | |
| Net Working Capital | $ 3.9 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.254 | |
| Current Ratio | 1.888 | |
| Current Ratio QoQ | 14.366 % | |
| Current Ratio YoY | 24.817 % | |
| Current Ratio IPRWA | high: 4.017 median: 2.086 mean: 1.988 TEL: 1.888 low: 1.259 |
|
| Quick Ratio | 1.202 | |
| Quick Ratio QoQ | 12.462 % | |
| Quick Ratio YoY | 11.417 % | |
| Quick Ratio IPRWA | high: 3.016 mean: 1.42 median: 1.396 TEL: 1.202 low: 0.54 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 4.647 | |
| Cost Of Debt | 0.407 % | |
| Interest Coverage Ratio | 30.438 | |
| Interest Coverage Ratio QoQ | -7.858 % | |
| Interest Coverage Ratio YoY | -44.587 % | |
| Interest Coverage Ratio IPRWA | high: 31.612 TEL: 30.438 mean: 11.359 median: 7.828 low: -0.989 |
|
| Operating Cash Flow Ratio | 0.262 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 68.095 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 4.111 | |
| Dividend Payout Ratio | 0.243 | |
| Dividend Rate | $ 0.71 | |
| Dividend Yield | 0.003 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 0.497 % | |
| Revenue Growth | 1.606 % | |
| Revenue Growth QoQ | -195.312 % | |
| Revenue Growth YoY | -79.933 % | |
| Revenue Growth IPRWA | high: 12.755 % median: 10.728 % mean: 8.373 % TEL: 1.606 % low: -20.668 % |
|
| Earnings Growth | 0.368 % | |
| Earnings Growth QoQ | -96.793 % | |
| Earnings Growth YoY | -95.216 % | |
| Earnings Growth IPRWA | high: 40.952 % mean: 6.863 % TEL: 0.368 % median: -8.586 % low: -78.182 % |
|
| MARGINS | ||
| Gross Margin | 36.783 % | |
| Gross Margin QoQ | -1.243 % | |
| Gross Margin YoY | 4.45 % | |
| Gross Margin IPRWA | high: 65.081 % mean: 37.306 % median: 37.062 % TEL: 36.783 % low: 10.222 % |
|
| EBIT Margin | 20.531 % | |
| EBIT Margin QoQ | -3.27 % | |
| EBIT Margin YoY | 10.614 % | |
| EBIT Margin IPRWA | TEL: 20.531 % high: 16.075 % mean: 9.651 % median: 6.728 % low: -1.268 % |
|
| Return On Sales (ROS) | 20.489 % | |
| Return On Sales QoQ | -1.985 % | |
| Return On Sales YoY | 10.387 % | |
| Return On Sales IPRWA | TEL: 20.489 % high: 16.066 % mean: 10.542 % median: 10.349 % low: -1.268 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 677.0 M | |
| Free Cash Flow Yield | 1.047 % | |
| Free Cash Flow Yield QoQ | 16.463 % | |
| Free Cash Flow Yield YoY | 3.663 % | |
| Free Cash Flow Yield IPRWA | high: 1.908 % TEL: 1.047 % mean: 0.507 % median: 0.346 % low: -1.288 % |
|
| Free Cash Growth | 11.532 % | |
| Free Cash Growth QoQ | -124.423 % | |
| Free Cash Growth YoY | -131.044 % | |
| Free Cash Growth IPRWA | high: 117.647 % TEL: 11.532 % mean: 4.79 % median: -18.666 % low: -187.263 % |
|
| Free Cash To Net Income | 0.792 | |
| Cash Flow Margin | 24.115 % | |
| Cash Flow To Earnings | 1.338 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 3.338 % | |
| Return On Assets QoQ | 12.694 % | |
| Return On Assets YoY | 5860.714 % | |
| Return On Assets IPRWA | TEL: 3.338 % high: 2.744 % median: 2.467 % mean: 2.124 % low: -1.009 % |
|
| Return On Capital Employed (ROCE) | 4.57 % | |
| Return On Equity (ROE) | 0.065 | |
| Return On Equity QoQ | 11.879 % | |
| Return On Equity YoY | 5882.407 % | |
| Return On Equity IPRWA | TEL: 0.065 high: 0.045 median: 0.045 mean: 0.033 low: -0.019 |
|
| DuPont ROE | 6.522 % | |
| Return On Invested Capital (ROIC) | 4.682 % | |
| Return On Invested Capital QoQ | 13.01 % | |
| Return On Invested Capital YoY | 79.593 % | |
| Return On Invested Capital IPRWA | TEL: 4.682 % high: 2.864 % median: 1.559 % mean: 1.453 % low: -0.7 % |
|