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TE Connectivity

TEL on NYSE. TE Connectivity sells connectors and sensors to makers of vehicles, machines, and data centers. Market value $63.4bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to June 2026. Quality checks use five annual reports, the latest for the year to September 2025.

Should I look at this?

Worth a closer look

Why it could be worth it

What to watch out for

Nothing stood out in the numbers we check.

Read what could go wrong

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to June 2026
5.2%fair

For every $100 of what the whole company costs, it produced $5.23 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to June 2026
17.8×full

You pay 17.8 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to September 2025
14.5%five-year median

Each dollar kept in the business earns 14 cents a year. Above 10 is good.

Quality score: 99 of 100. Price score: 78 of 100. Our list needs 70 on quality and 60 on price.

$218.93 a share, 15% above its 1-year low

Over the past year the price has ranged from $190.27 to $252.56.

Dividend: 1.3% a year

Paid every year for at least 5 years

Prices from Monday’s close (5 October).

Five years of cash, in billions

2.0
1.7
2.4
2.8
3.2
3.3
2021202220232024202512 monthsto Jun '26
Revenue
$14.9bn$16.3bn$16.0bn$15.8bn$17.3bn
Operating margin
16.3%16.9%14.4%17.6%18.6%
Debt to equity
0.380.390.360.340.45
Shares outstanding
0.32bn0.31bn0.30bn0.30bn0.29bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Nothing unusual
  • Financial strength (Piotroski)5 of 8 checks we could run
  • Profit backed by cash (accruals)Yes
  • Debt0.45× equity
  • Revenue growth, five yearsSlow, 7.2% a year
  • Buying back its own sharesYes, 9% fewer since 2021

The quarter to June 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $5.2 billion last quarter, up 14% on a year ago.
  • Profit: $748 million, up 17% on a year ago.
  • It keeps 20 cents of each $1 of sales as operating profit, up from 18 cents a year earlier.
  • Spare cash over the past 12 months: $3.3 billion, up from $2.9 billion.
  • 2% fewer shares than a year ago. Each share owns a bit more of the company.
  • Debt is $4.4 billion more than cash, down from $5 billion a year ago.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
September 2024$4.1bn
December 2024$3.8bn
March 2025$4.1bn
June 2025$4.5bn
September 2025$4.7bn
December 2025$4.7bn
March 2026$4.7bn
June 2026$5.2bn
Profit by quarter
Profit by quarter
Quarter toAmount
September 2024$276m
December 2024$528m
March 2025$13m
June 2025$638m
September 2025$663m
December 2025$750m
March 2026$855m
June 2026$748m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
28 October 2026
Last annual report (10-K)
10 November 2025
Next quarterly (estimated, 10-Q)
23 October 2026

Who owns it

19 long-term investors we follow own it, up from 17 last quarter. 1,279 funds in all.

Jun '25
Dec '25
Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

3 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 5 sold $53m, $23m of it under preset trading plans.

  • Kroeger Shadrak W
    Pres., Industrial Solutions
    Sold
    under a preset trading plan
    Date
    1 June 2026
    Shares
    9,400
    Price
    $215.00
    Value
    $2m
  • Kroeger Shadrak W
    Pres., Industrial Solutions
    Sold
    under a preset trading plan
    Date
    6 May 2026
    Shares
    9,400
    Price
    $215.00
    Value
    $2m
  • Kroeger Shadrak W
    Pres., Industrial Solutions
    Sold
    under a preset trading plan
    Date
    8 April 2026
    Shares
    9,400
    Price
    $223.26
    Value
    $2m
  • Kroeger Shadrak W
    Pres., Industrial Solutions
    Sold
    under a preset trading plan
    Date
    2 March 2026
    Shares
    9,400
    Price
    $222.52
    Value
    $2m
  • SHAFFER REUBEN M.
    SVP and Corporate Controller
    Sold
    Date
    13 February 2026
    Shares
    1,425
    Price
    $234.23
    Value
    $333,860
  • Kroeger Shadrak W
    Pres., Industrial Solutions
    Sold
    under a preset trading plan
    Date
    13 February 2026
    Shares
    9,400
    Price
    $233.82
    Value
    $2m
  • Kroeger Shadrak W
    Pres., Industrial Solutions
    Sold
    Date
    13 February 2026
    Shares
    6,565
    Price
    $233.64
    Value
    $2m
  • Jenkins John S
    EVP & General Counsel
    Sold
    Date
    9 February 2026
    Shares
    6,155
    Price
    $222.81
    Value
    $1m
  • CURTIN TERRENCE R
    Chief Exec. Officer & Director, Director
    Sold
    under a preset trading plan
    Date
    19 December 2025
    Shares
    20,817
    Price
    $228.67
    Value
    $5m
  • MITTS HEATH A
    EVP & Chief Financial Officer, Director
    Sold
    under a preset trading plan
    Date
    19 December 2025
    Shares
    6,269
    Price
    $226.86
    Value
    $1m

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 10 Nov 2025, plus the 10-Q filed 24 Jul 2026 and 7 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

What changed in the risks this year

Companies must list what could hurt them each year. These are the parts that changed since last year’s report.

  • We are dependent on the automotive and other industries and significant periodic downturns have had material adverse effects on our results of operations, financial position, and cash flows.

    During fiscal 2025, approximately 13% of our net sales were to customers in the digital data networks end market, approximately 12% of our net sales were to customers in the automation and connected living end market, and approximately 9% of our net sales were to customers in the aerospace, defense, and marine end market. Demand in the digital data networks market can fluctuate significantly, depending on the underlying demand in the networking, data center, and wireless infrastructure industries. The overall market trends of increased data connectivity and continued movement to artificial intelligence (“AI”) and cloud applications have had a favorable impact on demand. Demand in the automation and connected living end market is dependent upon economic conditions, including customer investment in factory and warehouse automation, process control systems, and building automation and smart city infrastructure, as well as market conditions in the home appliances market. The aerospace and defense industry has undergone significant fluctuations in demand as a result of economic and political conditions.
    Read more

Read it in the annual report

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from

It moved up our list overnight. The deep dive tells you if the move is real.

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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.