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How TE Connectivity (TEL) makes money

TE Connectivity (TEL) made $5.3B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +12% from a year earlier. Of every dollar of revenue, 36¢ was left as gross profit, 21¢ was left as operating profit, 17¢ was left as net earnings.

Drawing the Sankey…

TE Connectivity: revenue by line, Q2 FY25 to Q3 FY26TE Connectivity: revenue by line, Q2 FY25 to Q3 FY26Transportation Soluti…Industrial SolutionsTransportation Solutions: $2.6B latest$2.6BIndustrial Solutions: $2.6B latest$2.6BQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26
Transportation Solutions went from 56% of revenue in Q2 FY25 to 50% in Q3 FY26, the largest shift in the mix.
TE Connectivity revenue by quarterTE Connectivity revenue by quarter$4.1BQ2 FY25$4.5BQ3 FY25$4.7BQ4 FY25$4.7BQ1 FY26$4.7BQ2 FY26$5.2BQ3 FY26$5.3BQ4 FY26
TE Connectivity: where each dollar of revenue goesTE Connectivity: where each dollar of revenue goesCost of revenue64¢Gross profit36¢Operating expenses15¢Operating profit21¢Income tax3¢Net earnings17¢Operating cash flow29¢Free cash flow23¢

Where each dollar of revenue goes

LineQ4 FY26% of revenue
Revenue$5.3B100.0%
Cost of revenue$3.4B64.5%
Gross profit$1.9B35.5%
Operating expenses$794M14.9%
Operating profit$1.1B20.6%
Income tax$175M3.3%
Net earnings$900M16.9%
Operating cash flow$1.5B28.8%
Free cash flow$1.2B23.4%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q4 FY26$5.3B+12%
Q3 FY26$5.2B+14%
Q2 FY26$4.7B+14%
Q1 FY26$4.7B+22%
Q4 FY25$4.7B+17%
Q3 FY25$4.5B+14%
Q2 FY25$4.1B+4%

From TE Connectivity's 8-K filed Oct 28, 2026 (on EDGAR).

Questions

How does TE Connectivity make money?

TE Connectivity (TEL) made $5.3B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +12% from a year earlier. Of every dollar of revenue, 36¢ was left as gross profit, 21¢ was left as operating profit, 17¢ was left as net earnings.

What is TE Connectivity's profit margin?

Net earnings were $900M, 16.9% of revenue, in the fourth quarter fiscal 2026; the operating margin was 20.6%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.