TE Connectivity Reports Strong Fiscal 2026 Results Driven by AI and Industrial Automation
TE Connectivity (TEL) reported robust fiscal 2026 results, highlighted by a $2.6 billion increase in full-year sales and fourth-quarter orders rising 29% year-over-year to $6.1 billion. The company's Digital Data Networks unit is positioned for significant growth, with management projecting over $1 billion in new revenue for 2027 driven primarily by artificial intelligence data center expansion. Beyond AI, the company is leveraging its automotive expertise to enter the humanoid robotics market, estimating up to $500 of content per unit. Financially, TE Connectivity demonstrated high operational efficiency with a 100% free cash flow conversion rate on adjusted net income, reaching $3.4 billion for fiscal 2026. This strong liquidity is supporting capital expenditures in industrial solutions and shareholder buybacks.
Topics: AI infrastructure data centers earnings report revenue guidance robotics