TE Connectivity reported fiscal second-quarter results that topped its own guidance, with net sales rising 15% year over year to $4.74 billion. On an organic basis, sales increased 7%.
Adjusted diluted earnings per share reached a record $2.73, up 24% from a year earlier. GAAP diluted EPS from continuing operations was $2.90.
Operating performance also improved sharply. GAAP operating margin widened to 20%, up 200 basis points from the prior-year quarter. Adjusted operating margin rose to 22%, an increase of 130 basis points.
Orders hit a record $5.3 billion, climbing 25% year over year. The company said both industrial and transportation posted double-digit order growth, with gains across all businesses.
For the first half of fiscal 2026, cash flow from operating activities totaled $1.8 billion. Free cash flow came in at $1.3 billion, up 17% from the same period last year. TE also returned $1.2 billion to shareholders in the first half and raised its quarterly cash dividend by 10%.
Looking ahead, TE guided fiscal third-quarter sales to about $5 billion, which would be up 10% year over year, or 9% organically. It expects adjusted EPS of about $2.83, up 17%, and GAAP EPS from continuing operations of about $2.44, up 14%. As a result of these announcements, the company's shares have moved -3.25% on the market, and are now trading at a price of $203.20. Check out the company's full 8-K submission here.
