Financial Performance & Growth Strategy - TE Connectivity's FY25 sales are projected to be over $17 billion, serving a connectivity market of approximately $130 billion[14] - The company aims for 6-8% growth through the cycle, driven by secular trends and both organic and inorganic opportunities[13, 30] - TE Connectivity targets 30%+ incremental operating margins and double-digit adjusted EPS growth[13, 30] - The company expects 100%+ free cash flow conversion of adjusted net income, with a disciplined capital strategy[13, 30] - Adjusted operating margin is expected to be approximately 21% in FY25[14, 34, 67] Segment Performance & Market Opportunities - Industrial Solutions is expected to generate approximately $8 billion in sales[15] - Transportation Solutions is expected to generate approximately $9 billion in sales[16] - The company anticipates over $4 billion in incremental revenue opportunity over the next 5 years from portfolio investments[25] - Transportation Solutions is targeting 4-6% growth over market through 2030, fueled by megatrends[70, 77] Strategic Initiatives - The company is focused on co-creating next-generation architectures with customers to drive value creation[13, 19] - Portfolio investments in areas like AI, next-generation energy, factory automation, and e-mobility are expected to drive strong content growth[25]

Core Insights - TE Connectivity plc (TEL) is a global leader in connectors, sensors, and electronic components with a market cap of $69.8 billion, serving high-growth industries such as automotive, aerospace, and medical devices [1] Performance Summary - TEL shares have increased by 54.9% over the past 52 weeks, significantly outperforming the S&P 500 Index, which rose by 13.2% during the same period [2] - Year-to-date, TEL stock is up nearly 66%, compared to a 14.5% gain for the S&P 500 [2] - The stock has also outperformed the Technology Select Sector SPDR Fund (XLK), which returned 22.9% over the past 52 weeks [3] Financial Highlights - For Q4, TE Connectivity reported revenue of $4.75 billion, a 17% increase year-over-year, with 11% organic growth [4] - Adjusted EPS reached a record $2.44, up 25% from the previous year [4] - Orders rose by 22% to $4.7 billion, indicating strong demand [4] - The company generated $1.4 billion in operating cash flow and $1.2 billion in free cash flow, returning approximately $650 million to shareholders [4] Future Outlook - Analysts project TEL's adjusted EPS to grow by 16.6% year-over-year to $10.21 for the fiscal year ending in September 2026 [5] - The consensus rating among 18 analysts is a "Strong Buy," with 13 "Strong Buy" ratings and five "Holds" [5] - Barclays analyst Guy Hardwick raised the price target for TEL to $277 from $249, indicating sustained confidence in the company's outlook [6]

Core Insights - Allworth Financial LP increased its holdings in TE Connectivity by 68.1% in Q2, owning 2,422 shares valued at $409,000 [2] - TE Connectivity reported Q3 earnings of $2.44 EPS, exceeding estimates of $2.29, with revenue of $4.75 billion, up 16.7% year-over-year [5] - The company declared a quarterly dividend of $0.71, representing an annualized yield of 1.2% [6] Institutional Holdings - Nordea Investment Management AB raised its stake in TE Connectivity by 54.4%, now owning 1,605,782 shares valued at $269.72 million [3] - 91.43% of TE Connectivity's stock is owned by institutional investors and hedge funds [3] - KLP Kapitalforvaltning AS increased its holdings by 3.5%, now owning 110,533 shares valued at $18.69 million [3] Stock Performance - TE Connectivity shares opened at $237.14, with a market capitalization of $69.76 billion and a PE ratio of 38.56 [4] - The stock has a one-year low of $116.30 and a high of $250.67 [4] - The company has a debt-to-equity ratio of 0.38 and a current ratio of 1.56 [4] Insider Activity - EVP John S. Jenkins sold 25,021 shares at an average price of $247.73, representing a 54.48% decrease in ownership [7] - In the last ninety days, insiders sold 131,171 shares worth $31.38 million [7] - Insiders currently own 0.90% of the company's stock [7] Analyst Ratings - Evercore ISI raised its price target for TE Connectivity from $250.00 to $260.00, maintaining an "outperform" rating [8] - JPMorgan Chase & Co. increased its target price from $204.00 to $260.00, giving a "neutral" rating [9] - The average rating for TE Connectivity is "Moderate Buy" with a consensus target price of $241.58 [9] Company Overview - TE Connectivity manufactures and sells connectivity and sensor solutions across various regions, operating through three segments: Transportation Solutions, Industrial Solutions, and Communications Solutions [10]

Core Insights - Shanghai remains a top destination for foreign investment, with 265 foreign-invested enterprises making it to the 2024 Shanghai Foreign Investment Enterprises Top 100 list, an increase from 258 in the previous year [2][3] Group 1: Contribution of Foreign Enterprises - The top 100 foreign-invested enterprises account for 31.16% of the total operating revenue of all foreign-invested enterprises in Shanghai, 44.68% of the total import and export volume, 31.75% of the total tax contributions, and 17.50% of total employment [2] - Notable companies such as Apple, Tesla, and Shanghai Samsung Semiconductor lead in operating revenue, while companies like Daqo (Shanghai) and Tesla excel in import and export volume [2] Group 2: National Distribution of Foreign Investors - Companies from the United States, Japan, and Germany dominate the list, accounting for over 55% of the total, with 87 American companies represented, marking an increase of 4 from the previous year [3] Group 3: High-Tech Industry Performance - The biopharmaceutical sector shows significant growth, with 19 companies listed, an increase of 7 from the previous year, and notable increases in tax contributions and import/export volumes [4] - High-tech industries, including integrated circuits and artificial intelligence, account for 52% of foreign investment in manufacturing, with foreign R&D centers increasing to 631, including 19 global R&D centers [4] Group 4: Performance of Foreign Financial Sector - The financial sector is a crucial part of Shanghai's economy, with 555 foreign financial institutions among 1782 licensed financial entities [5] - The top 100 list includes 21 foreign financial enterprises, with 8 in the operating revenue category, 6 of which are in the insurance sector showing double-digit growth [6]

Core Insights - Mouser Electronics is an authorized global distributor offering over 750,000 parts from TE Connectivity, including more than 75,000 items in stock and ready to ship [1][2] Product Offerings - TE's GEMnet multi-gig differential connector system supports up to 56 Gbps for various applications, including automotive and safety-critical systems [2] - The BIOFUSE Bio Innovation Splice Sealing (BISS) and Bio Innovation Cap (BICAP) are eco-friendly heat-shrink tubing and caps that provide high performance while reducing environmental impact [3] - TE's FAKRA and MATE-AX cable assemblies are designed for high-frequency automotive applications, offering a range of configurations and significant PCB footprint reduction [4] - The RT Series N EMC/RFI chokes filter electromagnetic interference on AC power lines up to 600 VAC, suitable for various applications including EV charging stations [5] Collaborations and Recognition - TE Connectivity and Mouser Electronics collaborated on an eBook discussing advancements in industrial automation and smart manufacturing [6] - Mouser has received multiple awards from TE Connectivity, including the TE Global High Service Distributor of the Year Award for several consecutive years [7][8] Company Overview - Mouser Electronics provides a wide selection of semiconductors and electronic components, with over 6.8 million products from more than 1,200 manufacturers available on its platform [11] - TE Connectivity is a global leader in industrial technology, focusing on connectivity and sensor solutions across various sectors, including transportation and energy [12]

Core Insights - TE Connectivity (TEL) demonstrated strong international revenue performance in the quarter ending September 2025, with total revenue reaching $4.75 billion, a year-over-year increase of 16.7% [4]. International Revenue Breakdown - EMEA contributed 32.7% of total revenue, amounting to $1.56 billion, slightly exceeding Wall Street's expectation of $1.55 billion. This marks a decrease from 34.1% in the previous quarter and 36.1% in the same quarter last year [5]. - Asia-Pacific generated $1.75 billion, representing 36.8% of total revenue, surpassing the projected $1.71 billion by 2.38%. This region's contribution increased from 36.6% in the previous quarter and 34.4% year-over-year [6]. Future Revenue Projections - Analysts project TEL's revenues for the ongoing fiscal quarter to be $4.51 billion, reflecting a 17.5% increase from the previous year, with EMEA and Asia-Pacific expected to contribute $1.51 billion (33.6%) and $1.66 billion (37%), respectively [7]. - For the full year, total revenue is anticipated to reach $18.85 billion, a 9.2% increase from the prior year, with EMEA and Asia-Pacific expected to account for $6.42 billion (34%) and $7.12 billion (37.8%) [8]. Conclusion on International Market Dependence - TEL's reliance on international markets presents both opportunities and challenges, making it essential to monitor international revenue trends for forecasting the company's future prospects [9].

Group 1 - Tactile Systems Technology, Inc. (TCMD) has seen a 29% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Harmony Gold Mining Company Limited (HMY) has experienced a 12.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [1] - Robinhood Markets, Inc. (HOOD) has reported a 21.9% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - Fabrinet (FN) has seen an 8.6% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [2] - TE Connectivity plc (TEL) has experienced a 7.7% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [3]

Group 1: Las Vegas Sands Corp - Las Vegas Sands Corp reported a significant increase in revenue, driven by a resurgence in tourism and gaming activities in Macau and Singapore [1] - The company's net income rose to $1.2 billion, reflecting a year-over-year growth of 25% [1] - Las Vegas Sands is focusing on expanding its footprint in the Asian market, particularly in integrated resort developments [1] Group 2: Netflix Inc - Netflix Inc experienced a subscriber growth of 10 million in the last quarter, surpassing market expectations [1] - The company's revenue reached $8.5 billion, marking a 15% increase compared to the previous year [1] - Netflix is investing heavily in original content to maintain its competitive edge in the streaming industry [1] Group 3: TE Connectivity Ltd - TE Connectivity Ltd reported a revenue increase of 8% year-over-year, totaling $3.5 billion [1] - The company is benefiting from strong demand in the automotive and industrial sectors [1] - TE Connectivity is focusing on innovation and sustainability in its product offerings to drive future growth [1]

Core Insights - TE Connectivity plc has appointed Dr. Ken Washington to its board of directors, effective November 17, 2025, bringing significant technology development experience to the company [1][2]. Company Overview - TE Connectivity plc is a global leader in industrial technology, focusing on connectivity and sensor solutions that support advancements in transportation, energy networks, automated factories, and data centers [4]. Leadership Experience - Dr. Washington has a robust background in technology and innovation, having served as senior vice president and chief technology & innovation officer at Medtronic plc since 2023, and previously held key positions at Amazon Lab126 and Ford Motor Company [3]. Recent Performance - TE Connectivity reported a 17% sales growth in its fiscal fourth quarter, exceeding guidance, indicating strong financial performance [5]. Upcoming Events - The company will host an Investor Day on November 20, 2025, in Philadelphia, which will provide further insights into its strategic direction and performance [6].

Financial Performance - Fiscal 2025 net sales increased by 8.9% to $17,262 million compared to fiscal 2024, driven by a 23.7% increase in the Industrial Solutions segment[175] - Organic net sales growth for fiscal 2025 was 6.4%, with Richards Manufacturing contributing $179 million in net sales since its acquisition in April 2025[175] - Transportation Solutions segment net sales decreased by 1.0% to $9,388 million, primarily due to declines in sensors and commercial transportation markets[185] - Industrial Solutions segment net sales rose to $7,874 million, reflecting strong growth in digital data networks and energy markets[185] - Operating income for fiscal 2025 was $3,211 million, an increase of $415 million from fiscal 2024, resulting in an operating margin of 18.6%[196] - Operating income in the Transportation Solutions segment decreased by $62 million to $1,818 million in fiscal 2025, with an operating margin of 19.4%[205] - Organic net sales in the Automotive sector were flat in fiscal 2025, with growth of 11.3% in the Asia-Pacific region offset by declines in the EMEA and Americas regions[207] - Industrial Solutions segment net sales increased by $1,510 million, or 23.7%, in fiscal 2025 compared to fiscal 2024, driven by organic net sales growth of 17.6% and a 5.7% contribution from acquisitions[208] - Digital data networks saw organic net sales growth of 72.6% in fiscal 2025, primarily due to growth in AI and cloud applications[209] - The company reported a net loss of $197 million for fiscal 2025, an improvement from a net loss of $271 million in fiscal 2024[238] Expenses and Margins - Gross margin improved to 35.2% in fiscal 2025, up from 34.4% in fiscal 2024, with a gross margin increase of $623 million attributed to higher volume and improved productivity[188] - In fiscal 2025, selling, general, and administrative expenses increased by $134 million to $1,866 million, representing 10.8% of net sales[190] - Cost of sales for fiscal 2025 was $11,183 million, representing 64.8% of net sales, compared to 65.6% in fiscal 2024[188] - Acquisition and integration costs in fiscal 2025 totaled $47 million, with $28 million related to the acquisition of Richards Manufacturing[192] - Net restructuring charges were $126 million in fiscal 2025, down from $166 million in fiscal 2024, with expected annualized cost savings of approximately $80 million by the end of fiscal 2026[194] Cash Flow and Dividends - Cash provided by operating activities increased by $662 million to $4,139 million in fiscal 2025, attributed to higher pre-tax income and reduced income tax payments[219] - Cash dividends paid to shareholders were $2.72 per ordinary share in fiscal 2025, with a quarterly dividend of $0.71 declared for December 2025[175] - The board of directors declared a quarterly cash dividend of $0.71 per ordinary share, payable on December 12, 2025[232] - During fiscal 2025, the company repurchased approximately 8 million ordinary shares for $1,356 million, with $1.4 billion remaining under the share repurchase authorization[234] Acquisitions and Investments - The company acquired Richards Manufacturing for approximately $2.3 billion, enhancing its Industrial Solutions segment[179] - The company acquired Richards Manufacturing for approximately $2.3 billion in fiscal 2025, along with two additional businesses for a combined cash purchase price of $321 million[222] - Capital expenditures were $936 million in fiscal 2025, with expectations for fiscal 2026 capital spending to be approximately 5% of net sales[221] Debt and Financial Position - Total debt at fiscal year end 2025 was $5,694 million, an increase from $4,203 million in 2024[224] - The company has approximately $3.5 billion of cash and cash equivalents that are considered permanently reinvested in global operations[218] - Total current assets increased to $1,236 million in fiscal 2025 from $1,164 million in fiscal 2024, while total noncurrent assets rose to $2,465 million from $2,377 million[237] - Total contractual cash obligations at fiscal year end 2025 amounted to $8,597 million, including long-term debt principal payments of $5,753 million[243] - As of fiscal year end 2025, the ratio of Consolidated Total Debt to Consolidated EBITDA was compliant with the covenant, remaining below the threshold of 3.75 to 1.0[229] Tax and Deferred Assets - Income tax expense for fiscal 2025 was $1,361 million, with an effective tax rate of 42.5%, compared to a benefit of $397 million and an effective tax rate of (14.2)% in fiscal 2024[197] - The valuation allowance for deferred tax assets increased to $8,821 million in fiscal 2025 from $8,285 million in fiscal 2024[199] - The company has significant valuation allowances for deferred tax assets, which may impact future income tax expenses and earnings[263] - Changes in tax laws and rates could affect recorded deferred tax assets and liabilities, but no material changes are currently anticipated[264] - The company recognizes tax liabilities based on estimates of uncertainties in tax regulations across multiple jurisdictions[265] Pension and Retirement Plans - The company expects pension contributions to be approximately $70 million in fiscal 2026[220] - A 25-basis-point decrease in discount rates would increase the present value of pension obligations by $63 million, while a 25-basis-point increase would decrease it by $60 million[268] - At fiscal year end 2025, the long-term target asset allocation in U.S. plans is 25% return-seeking assets and 75% liability-hedging assets, with a current allocation of 67% return-seeking and 33% liability-hedging[270] - The funded status of defined benefit pension plans is measured as the difference between the fair value of plan assets and the projected benefit obligation[266] Market Risks and Hedging - The company utilizes established risk management policies to manage market risks associated with interest rates and foreign currency movements[283] - A 10% appreciation or depreciation of the underlying currency in cross-currency swap contracts would change the unrealized value of contracts by $594 million at fiscal year end 2025[285] - At fiscal year end 2025, commodity hedges related to expected purchases of gold, silver, copper, and palladium were in a net gain position of $80 million with a notional value of $569 million[290]