Filing Flows › TE Connectivity (TEL) › Q1 FY26
TE Connectivity (TEL) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Jan 23, 2026
TE Connectivity (TEL) reported revenue of $4.7B for the first quarter fiscal 2026 (Q1 FY26), +22% from a year earlier and -2% from the quarter before. Operating margin was 20.6%, net earnings $750M (16.1% of revenue).
TE Connectivity, Q1 FY26: revenue $4.7B (+22% year over year), operating margin 20.6%, net earnings $750M, operating cash flow $865M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | -2% | +22% |
| Gross profit | $1.7B | +5% | +28% |
| Operating profit | $963M | +5% | +40% |
| Net earnings | $750M | +13% | +42% |
| Operating cash flow | $865M | -39% | -1% |
| Free cash flow | $608M | — | -10% |
What changed
Revenue was $4.7B in Q1 FY26, up 22% year over year and down 2% from the previous quarter. Transportation Solutions was the largest line at 53% of revenue. Industrial Solutions added $0.61B year over year (up 38%), 73% of the total change.
Gross margin was 37.2%, up 1.8 points from a year earlier. Operating profit was $1.0B, a 20.6% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 33% reached operating profit, above the 18% margin then. Operating expenses grew 16% against revenue growth of 22%. The fastest-growing cost line was SG&A (+26%). Net earnings were $0.75B, up 42% year over year. The effective tax rate was 21.9%.
Operating cash flow was $0.86B (down 1% year over year), 115% of net earnings. Non-cash charges added back $0.26B of depreciation and amortization and $0.05B of share-based compensation. Working capital and other items used $0.19B. After capital expenditures, net ($0.26B), free cash flow as the company reports it was $0.61B.
Questions
What was TE Connectivity's revenue in the first quarter fiscal 2026?
TE Connectivity (TEL) reported revenue of $4.7B for the first quarter fiscal 2026 (Q1 FY26), +22% from a year earlier and -2% from the quarter before.
Was TE Connectivity profitable in the first quarter fiscal 2026?
Operating profit was $963M (20.6% of revenue) and net earnings $750M.
Source: TE Connectivity 10-Q on SEC EDGAR.