TE Connectivity reported higher fiscal fourth-quarter sales, earnings and orders on October 28, according to its financial results release.
For the quarter ended September 25, sales reached $5.3 billion, up 12% from a year earlier and 13% on an organic basis. The company said both its Industrial and Transportation businesses contributed to growth.
Orders totaled $6.1 billion, rising 29% from a year earlier and 6% from the preceding quarter. Diluted earnings per share from continuing operations rose 39% to $3.10. Adjusted earnings increased 21% to $3.14 per share.
For the full fiscal year, sales increased 15% to $19.9 billion, while orders grew 27% to $22.2 billion. Chief Executive Terrence Curtin linked Industrial Solutions growth to customers' artificial intelligence investments, including data centers and power infrastructure.
TE forecast approximately $5.35 billion in sales for its first fiscal quarter of 2027, up 15%. It expects reported earnings from continuing operations of about $3.04 per share and adjusted earnings of $3.30.
Those figures are forecasts. Adjusted measures exclude specified items and supplement standard accounting results.
Sources: TE Connectivity fiscal fourth-quarter and annual results release.