TE Connectivity Ltd. (TEL) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 4.74B | 4.67B | 4.58B | 4.53B | 4.14B | 3.84B | 4.07B | 3.98B | 3.97B | 3.83B | 4.04B | 4B | 4.16B | 3.84B | 4.36B | 4.1B | 4.01B | 3.82B | 3.82B | 3.85B |
| Revenue Growth % | 14.51% | 21.72% | 12.49% | 13.95% | 4.44% | 0.13% | 0.82% | -0.48% | -4.64% | -0.26% | -7.43% | -2.42% | 3.82% | 0.6% | 14.17% | 6.55% | 7.2% | 8.4% | 17.08% | 50.9% |
| Cost of Goods Sold | 3B | 2.93B | 3.11B | 2.93B | 2.68B | 2.48B | 2.69B | 2.58B | 2.6B | 2.5B | 2.75B | 2.7B | 2.87B | 2.68B | 3B | 2.78B | 2.67B | 2.59B | 2.58B | 2.6B |
| COGS % of Revenue | 63.22% | 62.75% | 67.99% | 64.71% | 64.78% | 64.55% | 66% | 64.97% | 65.64% | 65.34% | 68.05% | 67.58% | 68.92% | 69.85% | 68.75% | 67.85% | 66.76% | 67.86% | 67.6% | 67.72% |
| Gross Profit | 1.75B | 1.74B | 1.47B | 1.6B | 1.46B | 1.36B | 1.38B | 1.39B | 1.36B | 1.33B | 1.29B | 1.3B | 1.29B | 1.16B | 1.36B | 1.32B | 1.33B | 1.23B | 1.24B | 1.24B |
| Gross Margin % | 36.78% | 37.25% | 32.01% | 35.29% | 35.22% | 35.45% | 34% | 35.03% | 34.36% | 34.66% | 31.95% | 32.42% | 31.08% | 30.15% | 31.25% | 32.15% | 33.24% | 32.14% | 32.4% | 32.28% |
| Gross Profit Growth % | 19.6% | 27.87% | 5.93% | 14.78% | 7.04% | 2.41% | 7.29% | 7.56% | 5.41% | 14.68% | -5.36% | -1.59% | -2.93% | -5.62% | 10.11% | 6.12% | 12.31% | 8.49% | 27.66% | 75.53% |
| Operating Expenses | 791M | 763M | 721M | 702M | 711M | 670M | 732M | 620M | 628M | 597M | 586M | 607M | 620M | 565M | 609M | 585M | 611M | 567M | 574M | 523M |
| OpEx % of Revenue | 16.67% | 16.34% | 15.76% | 15.48% | 17.16% | 17.47% | 17.99% | 15.58% | 15.83% | 15.58% | 14.52% | 15.18% | 14.9% | 14.71% | 13.97% | 14.28% | 15.25% | 14.85% | 15.03% | 13.6% |
| Selling, General & Admin | 536M | 538M | 494M | 491M | 454M | 427M | 433M | 431M | 444M | 424M | 412M | 431M | 435M | 392M | 430M | 406M | 426M | 392M | 401M | 355M |
| SG&A % of Revenue | 11.3% | 11.52% | 10.8% | 10.83% | 10.96% | 11.13% | 10.64% | 10.83% | 11.19% | 11.07% | 10.21% | 10.78% | 10.46% | 10.21% | 9.86% | 9.91% | 10.63% | 10.27% | 10.5% | 9.23% |
| Research & Development | 237M | 225M | 227M | 211M | 203M | 188M | 195M | 189M | 184M | 173M | 174M | 176M | 185M | 173M | 179M | 179M | 185M | 175M | 173M | 168M |
| R&D % of Revenue | 5% | 4.82% | 4.96% | 4.65% | 4.9% | 4.9% | 4.79% | 4.75% | 4.64% | 4.52% | 4.31% | 4.4% | 4.45% | 4.5% | 4.11% | 4.37% | 4.62% | 4.58% | 4.53% | 4.37% |
| Other Operating Expenses | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | 954M | 976M | 744M | 898M | 748M | 690M | 651M | 774M | 735M | 731M | 703M | 689M | 673M | 593M | 753M | 732M | 721M | 660M | 663M | 718M |
| Operating Margin % | 20.11% | 20.9% | 16.26% | 19.81% | 18.05% | 17.99% | 16% | 19.45% | 18.53% | 19.08% | 17.42% | 17.23% | 16.18% | 15.44% | 17.27% | 17.87% | 17.99% | 17.29% | 17.37% | 18.67% |
| Operating Income Growth % | 27.54% | 41.45% | 14.29% | 16.02% | 1.77% | -5.61% | -7.4% | 12.34% | 9.21% | 23.27% | -6.64% | -5.87% | -6.66% | -10.15% | 13.57% | 1.95% | 23.67% | 1.85% | 33.13% | 182.68% |
| EBITDA | 955M | 1.24B | 988M | 1.11B | 940M | 876M | 883M | 982M | 927M | 925M | 926M | 889M | 880M | 780M | 974M | 937M | 915M | 858M | 872M | 928M |
| EBITDA Margin % | 20.13% | 26.45% | 21.59% | 24.57% | 22.69% | 22.84% | 21.71% | 24.68% | 23.37% | 24.15% | 22.95% | 22.24% | 21.15% | 20.31% | 22.34% | 22.87% | 22.84% | 22.47% | 22.84% | 24.14% |
| EBITDA Growth % | 1.6% | 40.98% | 11.89% | 13.44% | 1.4% | -5.3% | -4.64% | 10.46% | 5.34% | 18.59% | -4.93% | -5.12% | -3.83% | -9.09% | 11.7% | 0.97% | 17.91% | 2.75% | 28.42% | 115.81% |
| D&A (Non-Cash Add-back) | 0 | 259M | 244M | 216M | 192M | 186M | 232M | 208M | 192M | 194M | 223M | 200M | 207M | 187M | 221M | 205M | 194M | 198M | 209M | 210M |
| EBIT | 955M | 991M | 926M | 874M | 769M | 712M | 672M | 772M | 706M | 717M | 653M | 644M | 545M | 506M | 670M | 726M | 714M | 689M | 641M | 719M |
| Net Interest Income | -11M | -5M | -8M | -11M | 8M | 17M | 11M | 2M | 0 | 4M | 2M | -2M | -8M | -12M | -12M | -15M | -14M | -10M | -11M | -11M |
| Interest Income | 21M | 25M | 21M | 17M | 22M | 23M | 26M | 20M | 19M | 22M | 21M | 18M | 12M | 9M | 6M | 3M | 4M | 2M | 3M | 3M |
| Interest Expense | 32M | 30M | 29M | 28M | 14M | 6M | 15M | 18M | 19M | 18M | 19M | 20M | 20M | 21M | 18M | 18M | 18M | 12M | 14M | 14M |
| Other Income/Expense | -12M | -15M | 153M | -52M | 7M | 16M | 6M | -20M | -48M | -32M | -69M | -65M | -148M | -108M | -101M | -24M | -25M | 17M | -36M | -13M |
| Pretax Income | 942M | 961M | 897M | 846M | 755M | 706M | 657M | 754M | 687M | 699M | 634M | 624M | 525M | 485M | 652M | 708M | 696M | 677M | 627M | 705M |
| Pretax Margin % | 19.86% | 20.58% | 19.6% | 18.66% | 18.22% | 18.4% | 16.15% | 18.95% | 17.32% | 18.25% | 15.71% | 15.61% | 12.62% | 12.63% | 14.96% | 17.28% | 17.37% | 17.73% | 16.42% | 18.34% |
| Income Tax | 87M | 211M | 233M | 208M | 742M | 178M | 381M | 181M | 146M | -1.1B | 81M | 96M | 100M | 87M | -56M | 116M | 136M | 110M | -167M | 124M |
| Effective Tax Rate % | 9.24% | 21.96% | 25.98% | 24.59% | 98.28% | 25.21% | 57.99% | 24.01% | 21.25% | -158.08% | 12.78% | 15.38% | 19.05% | 17.94% | -8.59% | 16.38% | 19.54% | 16.25% | -26.63% | 17.59% |
| Net Income | 855M | 750M | 663M | 638M | 13M | 528M | 276M | 573M | 541M | 1.8B | 552M | 528M | 433M | 397M | 708M | 594M | 560M | 566M | 794M | 580M |
| Net Margin % | 18.02% | 16.06% | 14.49% | 14.07% | 0.31% | 13.76% | 6.78% | 14.4% | 13.64% | 47.06% | 13.68% | 13.21% | 10.41% | 10.34% | 16.24% | 14.5% | 13.98% | 14.82% | 20.8% | 15.08% |
| Net Income Growth % | 6476.92% | 42.05% | 140.22% | 11.34% | -97.6% | -70.72% | -50% | 8.52% | 24.94% | 354.16% | -22.03% | -11.11% | -22.68% | -29.86% | -10.83% | 2.41% | 10.67% | 48.56% | 245.22% | 1514.63% |
| Net Income (Continuing) | 855M | 750M | 664M | 638M | 13M | 528M | 276M | 573M | 541M | 1.8B | 553M | 528M | 425M | 398M | 708M | 592M | 560M | 567M | 794M | 581M |
| Discontinued Operations | 0 | -1000K | -1000K | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | -1000K | 0 | 1000K | -1000K | 0 | 1000K | 0 | -1000K | 0 | -1000K |
| Minority Interest | 148M | 149M | 145M | 143M | 132M | 124M | 131M | 123M | 111M | 113M | 104M | 107M | 106M | 104M | 95M | 103M | 107M | 108M | 114M | 116M |
| EPS (Diluted) | 2.90 | 2.53 | 2.22 | 2.14 | 0.04 | 1.75 | 0.90 | 1.86 | 1.75 | 5.76 | 1.75 | 1.67 | 1.36 | 1.24 | 2.21 | 1.83 | 1.71 | 1.72 | 2.40 | 1.74 |
| EPS Growth % | 6597.46% | 44.57% | 146.67% | 15.05% | -97.53% | -69.62% | -48.57% | 11.38% | 28.68% | 364.52% | -20.81% | -8.74% | -20.47% | -27.91% | -7.92% | 5.17% | 13.25% | 50.88% | 247.83% | 1550% |
| EPS (Basic) | 2.92 | 2.55 | 2.25 | 2.16 | 0.04 | 1.77 | 0.91 | 1.87 | 1.76 | 5.80 | 1.76 | 1.68 | 1.37 | 1.25 | 2.22 | 1.84 | 1.72 | 1.73 | 2.42 | 1.76 |
| Diluted Shares Outstanding | 295M | 297M | 298M | 298M | 300M | 301M | 305M | 308M | 310M | 313M | 316M | 317M | 318M | 319M | 321M | 324M | 327M | 330M | 331M | 333M |
| Basic Shares Outstanding | 293M | 294M | 295M | 296M | 298M | 299M | 303M | 306M | 308M | 311M | 313M | 315M | 316M | 317M | 319M | 322M | 325M | 327M | 328M | 330M |
| Dividend Payout Ratio | 24.33% | 27.87% | 31.52% | 33.23% | 1484.62% | 35.8% | 71.01% | 34.73% | 33.64% | 10.15% | 33.33% | 35.23% | 40.88% | 44.84% | 25.28% | 30.3% | 29.11% | 28.8% | 20.65% | 28.45% |