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 LtdBeats Q3 estimates and guides higher, with strong earnings and sales growth.
Acquired by TE Connectivity for $1.4 billion, providing a premium to shareholders.
