Valued at a market cap of $68.4 billion, TE Connectivity plc (TEL) is a prominent industrial technology company specializing in connectivity and sensor solutions that enable the reliable transmission of data and power in demanding environments. Headquartered in Ireland, the company designs and manufactures a broad portfolio of connectors, sensors, relays, antennas, and electronic components used across automotive, industrial equipment, aerospace, defense, medical technology, energy, and communications mark ...

Neben der medizinischen Spitzentechnologie entwickelt sich auch der Industriesektor dynamisch: Wintipak realisiert bereits den dritten Bauabschnitt im Star Park Halle und erweitert seine Kapazitäten für aseptische Verpackungslösungen. Die Investition schafft zusätzlichen Raum für Büro-, Technik- sowie Lagerfunktionen und unterstützt die langfristige Stabilität des europäischen Produktionsnetzwerks. Mit diesem Schritt bekennt sich das Unternehmen ausdrücklich zur Region und setzt auf nachhaltige, effiziente ...

天眼查App显示，近日，合肥甄觉科技有限公司成立，法定代表人为刘祺，注册资本300万人民币，经 营范围为一般项目：技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广；电机制造；电 子元器件制造；智能基础制造装备制造；电机及其控制系统研发；电子元器件批发；电力电子元器件销 售；智能基础制造装备销售；货物进出口；技术进出口（除许可业务外，可自主依法经营法律法规非禁 止或限制的项目）。 ...

Core Viewpoint - Hengshui Chaosheng Technology Co., Ltd. has been established with a registered capital of 100,000 RMB, focusing on various technology and electronic components services [1] Company Overview - The legal representative of the company is Yue Qiang [1] - The registered capital is 100,000 RMB [1] Business Scope - The company engages in a wide range of activities including technology services, development, consulting, and transfer [1] - It is involved in integrated circuit manufacturing, sales, design, and related services [1] - The company also deals in electronic components manufacturing and retail [1] - Additional activities include software development and sales, import and export of goods and technology, and various sales of hardware products [1]

天眼查App显示，近日，铜陵雅葆轩电子有限公司成立，法定代表人为胡啸天，注册资本3000万人民 币，经营范围为一般项目：集成电路制造；集成电路销售；集成电路设计；电子元器件制造；电子元器 件批发；电子元器件零售；电子专用材料制造；电子专用材料销售；电子专用材料研发；货物进出口； 技术进出口；进出口代理（除许可业务外，可自主依法经营法律法规非禁止或限制的项目）。 ...

天眼查App显示，近日，惠州市新壹电子有限公司成立，注册资本10万人民币，经营范围为一般项目： 电池制造；电池销售；蓄电池租赁；电池零配件生产；电池零配件销售；电子产品销售；电子元器件制 造；电子元器件批发；其他电子器件制造；塑料制品制造；塑料制品销售；技术服务、技术开发、技术 咨询、技术交流、技术转让、技术推广；计算机软硬件及辅助设备零售；信息技术咨询服务；信息咨询 服务（不含许可类信息咨询服务）；信息系统集成服务；信息系统运行维护服务；人工智能应用软件开 发；人工智能基础软件开发；货物进出口；技术进出口；国内贸易代理；音响设备制造；音响设备销 售；家用电器销售。（除依法须经批准的项目外，凭营业执照依法自主开展经营活动）。 ...

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]

Financial Data and Key Metrics Changes - The company achieved sales of $5.9 billion in the first quarter, exceeding guidance and reflecting a 5% increase year-over-year and sequentially [4][10] - Adjusted EPS was $0.84, near the high end of guidance [4] - Gross margin for the quarter was 10.4%, down 42 basis points year-over-year and 15 basis points sequentially [10][11] - Adjusted operating income was $151 million, with an adjusted operating margin of 2.6% [12] Business Line Data and Key Metrics Changes - Electronic components sales increased by 5% year-over-year and sequentially, driven by demand in Asia and the Americas [10][11] - Farnell sales grew by 50% year-over-year and 3% sequentially, with stable operating margins [10][11][12] - The IP&E segment showed steady sales with improving margins, particularly in Asia [7] Market Data and Key Metrics Changes - Sales in Asia grew by 10% year-over-year, representing over half of electronic components sales [10][11] - The Americas region saw a 3% year-over-year increase in sales, marking the first growth since fiscal 2023 [4][10] - EMEA sales were flat year-over-year and down 6% in constant currency [10] Company Strategy and Development Direction - The company is focused on balancing growth opportunities with inventory optimization [5][14] - There is an emphasis on enhancing digital capabilities and leveraging the core ecosystem for new opportunities, particularly in Farnell [7] - The company aims to reduce leverage to approximately 3.0 times over the next year while maintaining a strong balance sheet [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about recovery in Asia and progress in the Americas, with stabilizing conditions in EMEA [8][9] - There are positive signs from supplier partners regarding lead times and potential price increases, indicating a strengthening market [9][33] - The company anticipates modest growth in the December quarter, particularly in Europe, as bookings have improved [29] Other Important Information - The company increased its quarterly dividend by approximately 6% to $0.35 per share [16] - The company repurchased approximately 2.6 million shares, totaling $138 million, representing 3% of outstanding shares in the first quarter [16] Q&A Session Summary Question: Exposure to AI applications in data centers - Management indicated that exposure to hyperscalers is relatively small, around 7% of Asia-Pac business, with opportunities in storage, connectivity, and power [19][20] Question: Inventory days and cash flow expectations - Management noted that inventory days decreased slightly, with expectations for further declines as sales grow [21][22][24] Question: Demand profile for EMEA in December quarter - Management expects modest growth in EMEA, indicating that the region is hitting the bottom after a tough period [29] Question: Incremental margins and operating leverage - Management indicated that the return to year-over-year growth in total business should provide operating leverage and expand margins [30][31] Question: Potential price increases from suppliers - Management noted that certain technologies are seeing potential price increases, particularly in memory and interconnect products [32][33] Question: Core segment margins and future expectations - Management expressed cautious optimism about achieving core margins above 4% in fiscal 2026, depending on mix shifts and market recovery [38][39] Question: Farnell margins and revenue impacts - Management indicated that Farnell margins could continue to grow, but product mix will play a significant role [41][43]

Financial Performance - Q1 FY26 - Revenue reached $5.9 billion, a 5% year-over-year increase[11] - Adjusted operating margin was 2.6%[11], a decrease of 46 bps year-over-year[17] - Adjusted diluted EPS was $0.84, a 9% decrease year-over-year[11, 20] - SG&A expenses as a percentage of gross profit increased to 75.6% from 72.2% in Q1 FY25[13, 14] Regional and Segment Performance - Asia accounted for 49% of revenue[12], with a 10% year-over-year growth in constant currency[12] - Americas showed a 3% year-over-year revenue growth in constant currency[12] - EMEA region's revenue was flat year-over-year, but decreased by 6% in constant currency[7, 12] - Electronic Components segment revenue was $5.5 billion, a 5% increase year-over-year[12] - Farnell segment revenue was $399 million, a 15% increase year-over-year[12] Balance Sheet and Liquidity - Inventory was $5.4 billion, an increase of $185 million quarter-over-quarter[22] Outlook for Q2 FY26 - Sales are projected to be between $5.85 billion and $6.15 billion, with a midpoint of $6.00 billion[23] - Adjusted diluted EPS is expected to be between $0.90 and $1.00, with a midpoint of $0.95[23]

Core Insights - Avnet reported revenue of $5.9 billion for the quarter ended September 2025, reflecting a year-over-year increase of 5.3% and surpassing the Zacks Consensus Estimate of $5.7 billion by 3.46% [1] - The company's EPS was $0.84, down from $0.92 in the same quarter last year, but exceeded the consensus estimate of $0.81 by 3.7% [1] Revenue Performance - Sales from Farnell reached $398.9 million, exceeding the average estimate of $378.96 million by analysts, marking a year-over-year increase of 14.9% [4] - Sales from Electronic Components were $5.5 billion, surpassing the estimated $5.32 billion and showing a 4.6% increase compared to the previous year [4] Operating Income - Operating income for Electronic Components was reported at $159 million, below the average estimate of $173.03 million [4] - Farnell's operating income was $17.1 million, exceeding the estimated $15.09 million [4] - Corporate expenses showed a loss of $25.4 million, slightly better than the average estimate of $26.48 million [4] Stock Performance - Avnet's shares have returned -3.3% over the past month, contrasting with the Zacks S&P 500 composite's increase of 3.8% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]