Filing Flows › TE Connectivity (TEL) › Q2 FY26
TE Connectivity (TEL) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Apr 24, 2026
TE Connectivity (TEL) reported revenue of $4.7B for the second quarter fiscal 2026 (Q2 FY26), +15% from a year earlier and +2% from the quarter before. Operating margin was 20.1%, net earnings $855M (18.0% of revenue).
TE Connectivity, Q2 FY26: revenue $4.7B (+14% year over year), operating margin 20.1%, net earnings $855M, operating cash flow $947M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.7B | +2% | +15% |
| Gross profit | $1.7B | +0.3% | +20% |
| Operating profit | $954M | -0.9% | +28% |
| Net earnings | $855M | +14% | 66× |
| Operating cash flow | $947M | +9% | +45% |
| Free cash flow | $680M | — | +60% |
What changed
Revenue was $4.7B in Q2 FY26, up 15% year over year and up 2% from the previous quarter. Transportation Solutions was the largest line at 51% of revenue. Industrial Solutions added $0.49B year over year (up 27%), 82% of the total change.
Gross margin was 36.8%, up 1.6 points from Q2 FY25. Operating profit was $1.0B, a 20.1% margin (up 2.1 points year over year). Of the extra revenue versus Q2 FY25, 34% reached operating profit, above the 18% margin then. Operating expenses grew 11% against revenue growth of 15%. The fastest-growing cost line was SG&A (+18%). Net earnings were $0.85B, up 6477% year over year. The effective tax rate was 9.2%.
Operating cash flow was $0.95B (up 45% year over year), 111% of net earnings. Non-cash charges added back $0.24B of depreciation and amortization and $0.04B of share-based compensation. Working capital and other items used $0.19B. After capital expenditures, net ($0.27B), free cash flow as the company reports it was $0.68B.
Questions
What was TE Connectivity's revenue in the second quarter fiscal 2026?
TE Connectivity (TEL) reported revenue of $4.7B for the second quarter fiscal 2026 (Q2 FY26), +15% from a year earlier and +2% from the quarter before.
Was TE Connectivity profitable in the second quarter fiscal 2026?
Operating profit was $954M (20.1% of revenue) and net earnings $855M.
Source: TE Connectivity 10-Q on SEC EDGAR.