TE Connectivity Reports Mixed Q2 Results, Leading to Stock Decline
TE Connectivity (NYSE: TEL) stock fell 12.8% following its Q2 fiscal 2026 results, despite a 0.5% gain in the S&P 500 and a 1.5% rise in the Nasdaq Composite. The company reported non-GAAP earnings of $2.73 per share, beating forecasts, but revenue of $4.74 billion missed expectations by $20 million. Organic revenue growth of 7% and 14.5% overall growth from acquisitions were offset by investor concerns over the sales shortfall.
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