At a glance
TE Connectivity Ltd is worth $62.97B, about 35 times its fiscal 2025 earnings. Revenue grew 8.9% to $17.26B in fiscal 2025, with 10.7% kept as profit; over 5 years it has grown 7.2% a year. It pays a 1.37% dividend yield, raised every year for at least 9 years, and returned $10.22B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned −10.7% over the past year with dividends reinvested and +9.4% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 42.9% in the 2020 crash (S&P 500: 33.7%) and 33.3% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 5 months and 21 months after the lows.
The business in plain English
TE Connectivity makes connectors, the plugs, sockets and terminals that carry power, signals and data inside cars, trucks, factories, power grids, aircraft and data centers. It also makes sensors, relays (electrical switches), heat shrink tubing, wire and cable. Its customers are mostly manufacturers that build these parts into their own products. In fiscal 2025 (the year ended September 26, 2025), about 75% of sales went directly to manufacturers and the rest through distributors. TE reaches customers in about 130 countries, and no single customer made up a significant share of sales.
The company reports two segments, or business divisions. Transportation Solutions brought in $9.4 billion, or 54% of fiscal 2025's $17.3 billion in sales. Automotive is 75% of that segment. Commercial vehicles such as heavy trucks, buses and farm equipment make up 15%, and sensors 10%. Industrial Solutions brought in $7.9 billion, or 46%, up from 40% in fiscal 2024. Its largest markets are data center and network equipment, including gear for artificial intelligence (28% of the segment). Next come factory and building automation, rail and home appliances (27%), aerospace, defense and marine (19%), energy (17%) and medical devices (9%).
By region, Asia-Pacific made up 38% of fiscal 2025 sales; Europe, the Middle East and Africa, 33%; and the Americas, 29%.
Price history
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TEL -10.7% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Transportation Solutions | $9.39B | 54.4% |
| Industrial Solutions | $7.87B | 45.6% |
By geography
| CN | $4.61B | 26.7% |
| US | $4.41B | 25.5% |
| CH | $3.86B | 22.4% |
| Other Asia Pacific | $1.94B | 11.3% |
| Other Europe Middle East Africa | $1.69B | 9.8% |
| Other America | $560.0M | 3.2% |
| DE | $193.0M | 1.1% |
Latest results
- In Q3 FY2026 (ended Jun 26, 2026), revenue was $5.16B, up 13.8% from a year earlier, and net income was $748.0M (+17.2%).
- For fiscal 2025, revenue was $17.26B (+8.9% year over year; +7.2% a year from FY2020 to FY2025) with a 10.7% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +7.2% good |
|---|---|
| Operating margin | 18.6% good |
| Free cash flow margin | 18.6% good |
| Return on equity (FY2025) | 14.6% watch |
| Return on assets (FY2025) | 7.3% watch |
| Net cash (cash minus debt) | $-4.39B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $12.17B | $-241.0M | $1.43B |
| FY2021 | $14.92B | $2.26B | $1.99B |
| FY2022 | $16.28B | $2.43B | $1.70B |
| FY2023 | $16.03B | $1.91B | $2.40B |
| FY2024 | $15.85B | $3.19B | $2.80B |
| FY2025 | $17.26B | $1.84B | $3.20B |
Valuation snapshot
| Market value | $62.97B |
|---|---|
| P/E ratio | 35.3 |
| Dividend yield | 1.37% |
Rank among 1514 US companies
Market value at each year end
TE Connectivity Ltd’s market value went from $24.62B at the end of 2016 to $62.97B on Nov 2, 2026, about 2.6 times as much; since the end of 2025 it is down 6%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $62.97B | -5.9% |
| 2025 | $66.93B | +56.5% |
| 2024 | $42.77B | -2.0% |
| 2023 | $43.66B | +19.9% |
| 2022 | $36.42B | -30.8% |
| 2021 | $52.65B | +31.5% |
| 2020 | $40.04B | +24.9% |
| 2019 | $32.06B | +23.6% |
| 2018 | $25.94B | -22.4% |
| 2017 | $33.42B | +35.8% |
| 2016 | $24.62B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| TEL price data to Nov 2, 2026 | -3.4% | -10.7% | +22.9% | +9.4% | +15.4% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | -3.4% |
| 2025 | +62.3% |
| 2024 | +3.9% |
| 2023 | +24.6% |
| 2022 | -27.7% |
| 2021 | +35.1% |
| 2020 | +29.0% |
| 2019 | +29.4% |
| 2018 | -18.9% |
| 2017 | +40.6% |
| 2016 | +9.8% |
| 2015 | +4.2% |
| 2014 | +16.9% |
| 2013 | +51.6% |
| 2012 | +23.4% |
| 2011 | -11.1% |
| 2010 | +47.5% |
| 2009 | +56.8% |
| 2008 | -55.5% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 79.1% over that stretch · deepest drop along the way 81.1%, back to its old high 23.1 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 41.2% over that stretch · deepest drop along the way 42.9%, back to its old high 4.7 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 32% over that stretch · deepest drop along the way 33.3%, back to its old high 21.1 months after the low |
Insider activity
Form 4 filings from 2025-11-03 to 2026-11-03 (25 read): 0 open-market purchases and 37 sales ($26.0M), 34 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Dec 18, 2025 | Terrence R Curtin Chief Exec. Officer & Director, Director | sell (plan) | $3.6M |
| Dec 19, 2025 | Terrence R Curtin Chief Exec. Officer & Director, Director | sell (plan) | $2.3M |
| Jun 1, 2026 | Shadrak W Kroeger Pres., Industrial Solutions | sell (plan) | $2.0M |
| May 6, 2026 | Shadrak W Kroeger Pres., Industrial Solutions | sell (plan) | $2.0M |
| Feb 13, 2026 | Shadrak W Kroeger Pres., Industrial Solutions | sell | $1.5M |
Who owns it
Large shareholders (13G filings)
| BlackRock, Inc. | 7.7% | Mar 31, 2026 |
| Vanguard Capital Management | 7.46% | Mar 31, 2026 |
| Vanguard Portfolio Management | 5.66% | Mar 31, 2026 |
| T. Rowe Price Associates, Inc. | 4.9% | Dec 31, 2024 |
ETFs with the most weight in TEL
| FPAG FPA Global Equity ETF | 4.57% |
| MADE iShares U.S. Manufacturing ETF | 3.43% |
| MOTO SmartETFs Smart Transportation & Technology ETF | 3.34% |
| KNO AXS Knowledge Leaders ETF | 3.05% |
| SHRY First Trust Bloomberg Shareholder Yield ETF | 2.84% |
| TDV ProShares S&P Technology Dividend Aristocrats ETF | 2.59% |
| VALQ American Century U.S. Quality Value ETF | 2.33% |
| FLV American Century Focused Large Cap Value ETF | 2.23% |
What could go wrong
- Heavy reliance on the auto industry. Automotive is 75% of Transportation Solutions, which produced 54% of fiscal 2025 sales. Auto sales track global car production, and the company says past auto slumps have significantly hurt its results and cash flow.
- Unhedged foreign currency exposure. About 60% of fiscal 2025 sales were invoiced in currencies other than the dollar, and the company chooses not to hedge, or protect against, that risk. A stronger dollar shrinks reported revenue and profit.
- Steady pressure to cut prices. TE competes with Amphenol, Molex, Aptiv, Yazaki and thousands of other firms. It has faced steady pressure to lower prices and expects that to continue, which can squeeze profit margins and market share.
- Scarce and costly raw materials. TE plates parts with gold, silver and palladium and uses copper, aluminum, steel and plastic resins. Many come from a few countries or suppliers, so shortages or price spikes can hurt profits.
- Tariffs and U.S.-China trade tensions. Asia-Pacific made up 38% of fiscal 2025 sales. Escalating tariffs and trade disputes between the U.S., China and the EU could weaken customer demand, raise costs and strain suppliers.
- Irish incorporation adds shareholder tax issues. Since reincorporating in Ireland in 2024, TE's dividends may have Irish tax withheld, share transfers may owe Irish stamp duty (a transfer tax), and Irish law may protect shareholders less than U.S. law.
Recent events
- Executive or board change
- Quarterly results released; Investor presentation or announcement
- Executive or board change
- Quarterly results released; Investor presentation or announcement
- Quarterly results released; Investor presentation or announcement
- Shareholder vote results
- Major agreement signed; Major agreement ended; New debt or financial obligation
- Other company announcement
- Quarterly results released; Investor presentation or announcement
- Investor presentation or announcement
For income and retirement investors
TE Connectivity has raised its dividend for at least 9 consecutive years through fiscal 2025, and the streak may be longer. The regular dividend rose from $1.88 per share in fiscal 2020 to $2.72 in fiscal 2025, about 7.7% a year. Dividends used 43.6% of fiscal 2025 earnings and 25.1% of free cash flow (cash left after running and investing in the business). The yield was a modest 1.35% as of October 28, 2026. TE spent more on share repurchases than on dividends: $6.6 billion versus $3.6 billion over fiscal 2021 to 2025. The share count fell 11.7% between July 2021 and July 2026.
The shares have fallen hard in downturns. They dropped 81.1% in the 2008 financial crisis and did not recover until February 2011. They fell 42.9% in the 2020 COVID crash and recovered by August 2020. They fell 33.3% in 2022 and recovered only in July 2024. As a single stock, TE carries more risk than a diversified fund.
Questions investors ask
How does TE Connectivity make money?
TE Connectivity earns its revenue from connectors, sensors, relays, cable and related parts that carry power, signals and data inside other companies' products. Its Transportation Solutions segment, mostly parts for cars and trucks, produced 54% of the $17.3 billion in fiscal 2025 sales (the year ended September 26, 2025). Industrial Solutions, which serves data center, factory automation, aerospace, energy and medical markets, produced 46%. About 75% of sales go directly to manufacturers, with the rest through distributors.
Does TE Connectivity raise its dividend every year?
Yes, through fiscal 2025. TE has raised its dividend for at least 9 consecutive years, and the streak may be longer. The dividend reached $2.72 per share in fiscal 2025, up from $1.88 in fiscal 2020, or about 7.7% a year. Dividends used 43.6% of fiscal 2025 earnings and 25.1% of free cash flow (cash left after running and investing in the business). The yield was 1.35% as of October 28, 2026. Past increases do not guarantee future ones.
How much of TE Connectivity's business depends on the auto industry?
A large share. Automotive made up 75% of the Transportation Solutions segment, which brought in 54% of fiscal 2025 sales. Commercial vehicles such as heavy trucks, buses and construction equipment added another 15% of that segment. TE's automotive sales depend on global car production, and its annual report says past auto downturns have hurt its results. Industrial Solutions, which serves data center, energy, aerospace and other markets, rose from 40% of sales in fiscal 2024 to 46% in fiscal 2025.
Is TE Connectivity an Irish company?
Yes, legally. TE Connectivity plc, incorporated in Ireland, became the parent company on September 30, 2024, when the former Swiss parent merged into it. The company said it did not expect the change to materially affect its operations or results, and the shares trade on the New York Stock Exchange. The company's annual report (10-K) notes that dividends may face Irish withholding tax (tax deducted before payment), share transfers may owe Irish stamp duty (a transfer tax), and Irish law may protect shareholders less than U.S. law.
How has TE Connectivity stock performed?
It has gained over the long run, with sharp drops along the way. As of October 28, 2026, the share price had risen an average of 15.7% a year over 10 years and 10.7% a year over five years, but fell 5.2% over the prior year. It lost 81.1% in the 2008 financial crisis and 33.3% in 2022. On that date, the shares traded at 35.9 times fiscal 2025 earnings per share, a year when net income fell 42.3% to $1.84 billion.