Filing Flows › TE Connectivity (TEL) › Q2 FY25
TE Connectivity (TEL) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 28, 2025
TE Connectivity (TEL) reported revenue of $4.1B for the second quarter fiscal 2025 (Q2 FY25), +4% from a year earlier and +8% from the quarter before. Operating margin was 18.1%, net earnings $13.0M (0.3% of revenue).
TE Connectivity, Q2 FY25: revenue $4.1B (+4% year over year), operating margin 18.1%, net earnings $13.0M, operating cash flow $653M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.1B | +8% | +4% |
| Gross profit | $1.5B | +7% | +7% |
| Operating profit | $748M | +8% | +8% |
| Net earnings | $13.0M | -98% | -98% |
| Operating cash flow | $653M | -26% | -8% |
| Free cash flow | $424M | — | -22% |
What changed
Revenue was $4.1B in Q2 FY25, up 4% year over year and up 8% from the previous quarter. Transportation Solutions was the largest line at 56% of revenue. Industrial Solutions added $0.27B year over year (up 17%), 153% of the total change. Transportation Solutions declined 4%.
Gross margin was 35.2%, up 0.9 points from a year earlier. Operating profit was $0.75B, a 18.1% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, above the 17% margin then. Operating expenses grew 6% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+13%). Net earnings were $0.01B, down 98% year over year. The effective tax rate was 98.3%.
Operating cash flow was $0.65B (down 8% year over year), 5023% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.41B. After capital expenditures, net ($0.23B), free cash flow as the company reports it was $0.42B.
Questions
What was TE Connectivity's revenue in the second quarter fiscal 2025?
TE Connectivity (TEL) reported revenue of $4.1B for the second quarter fiscal 2025 (Q2 FY25), +4% from a year earlier and +8% from the quarter before.
Was TE Connectivity profitable in the second quarter fiscal 2025?
Operating profit was $748M (18.1% of revenue) and net earnings $13.0M.
Source: TE Connectivity 10-Q on SEC EDGAR.