TEL
TE Connectivity Ltd.
TEL's fundamentals are strong: revenue grew 15% and it turned 17% of its revenue into free cash flow. At 20x earnings, it's trading in line with its usual 20x. Analysts expect that strong growth to continue.
TEL Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Healthy |
TEL's revenue, profitability, cash flow and balance sheet are all currently healthy.
TEL PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 15x | $163 | -25% |
| Forward | 16x | $218 | — |
| Fair | 20x | $224 | +2.7% |
| Current | 20x | $218 | — |
| Expensive | 38x | $418 | +92% |
Historical ranges are pointers, not guarantees.
TEL's PE is in its fair range at 20x. If earnings grow as analysts expect, today's price would be 16x next year's earnings, in its cheap range.
TEL Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Strong growth | |
| Growth | |
| Improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for TEL, with profitability improving.
TEL Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $13.67 | +24% |
| Q3 2026 | $11.06 | +80% |
| Q2 2026 | $10.21 | +109% |
| Q1 2026 | $9.80 | +113% |
| Q4 2025 | $6.94 | +9.8% |
| Q3 2025 | $6.16 | -40% |
| Q2 2025 | $4.89 | -56% |
| Q1 2025 | $4.61 | -58% |
| Q4 2024 | $6.32 | -40% |
TEL earned $11.06 per share over the past year, up 80% from the year before.
TEL Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $5.3B | +12% |
| Q2 2026 | $5.2B | +14% |
| Q1 2026 | $4.7B | +15% |
| Q4 2025 | $4.7B | +22% |
| Q3 2025 | $4.7B | +17% |
| Q2 2025 | $4.5B | +14% |
| Q1 2025 | $4.1B | +4.4% |
| Q4 2024 | $3.8B | +0.1% |
TEL's revenue has grown year over year for nine quarters in a row: $5.3B last quarter, up 12% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 21% | +1.3 points |
| Q2 2026 | 19% | +0.1 points |
| Q1 2026 | 20% | +2.1 points |
| Q4 2025 | 21% | +2.6 points |
| Q3 2025 | 19% | +3.3 points |
| Q2 2025 | 19% | -0.1 points |
| Q1 2025 | 18% | +0.6 points |
| Q4 2024 | 18% | -0.2 points |
TEL's operating margin was 21% last quarter, up 1.3 points from the same quarter a year ago, near the top of its range since 2019.
TEL Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $1.2B | +7.7% |
| Q2 2026 | $881M | -7.9% |
| Q1 2026 | $677M | +60% |
| Q4 2025 | $607M | -9.8% |
| Q3 2025 | $1.2B | +39% |
| Q2 2025 | $957M | +12% |
| Q1 2025 | $423M | -22% |
| Q4 2024 | $673M | +18% |
TEL's free cash flow has been positive every quarter for seven years: $3.4B over the past year, up 6.2% from the year before.
TEL Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +0.3% | +1M shares |
| 1 year | -1.7% | -5M shares |
| 3 years | -7.3% | -23M shares |
| 5 years | -12% | -39M shares |
| Available history | -13% | -43M shares |
TEL has 294M diluted shares, down 1.7% from a year ago, with $1.9B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $544M |
| Q2 2026 | $529M |
| Q1 2026 | $414M |
| Q4 2025 | $405M |
| Q3 2025 | $437M |
| Q2 2025 | $301M |
| Q1 2025 | $306M |
| Q4 2024 | $303M |
TEL spent $1.9B buying back its own shares over the past year, up 40% from the year before.
TEL Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.8x | Very low |
| Q2 2026 | 0.9x | Very low |
| Q1 2026 | 1.0x | Very low |
| Q4 2025 | 1.0x | Healthy |
| Q3 2025 | 1.1x | Healthy |
| Q2 2025 | 1.3x | Healthy |
| Q1 2025 | 0.8x | Very low |
| Q4 2024 | 0.8x | Very low |
TEL's net debt is less than a year of its operating earnings (EBITDA), down from 1.1 years a year ago.
TEL Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 53.9 | Neutral |
| Stochastic | 43.4 | Neutral |
TEL's weekly RSI is 54 (neutral) and its Stochastic is 43 (neutral).
TEL PE vs Technology Sector
| Metric | TEL | Sector median | Relative |
|---|---|---|---|
| PE | 20x | 28x | 29% below |
| PE % | 46 | 35 | 11 pts above |
TEL is trading at 20x earnings, a 29% discount to the Technology sector's median of 28x.
TEL Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $214.5 | 1.6% above |
| 20 week MA | $209.5 | 4% above |
| 50 week MA | $215.3 | 1.2% above |
| 100 week MA | $196.2 | 11% above |
| 200 week MA | $167.1 | 30% above |
TEL is in an uptrend: it's above all five of its weekly moving averages, and 30% above its 200-week average.
TEL Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $95.5 | $119.8 | +25% |
| 2021 | $119.8 | $158.5 | +32% |
| 2022 | $158.5 | $114.0 | -28% |
| 2023 | $114.0 | $140.5 | +23% |
| 2024 | $140.5 | $145.0 | +3.2% |
| 2025 | $145.0 | $232.5 | +60% |
| 2026 YTD | $232.5 | $217.8 | -6.3% |
TEL has finished higher in five of the last six years. It's down 6.3% so far in 2026.