TEL · TE Connectivity Q3 FY2026 earnings call record财报电话会记录

“As we outlined at our investor day earlier this year, we expect our strategy to deliver broad-based growth while driving sustained margin expansion and double-digit earnings growth.”

“For the full fiscal year, we now expect sales to grow approximately 15%, representing more than $2.5 billion of incremental revenue in 2026 while delivering margin expansion and earnings per share growth above 20%.”

“We delivered 22% earnings per share growth to a record adjusted earnings per share of $2.94, and adjusted margins expanded 90 basis points, reflecting the continued execution of our teams while also delivering for our customers.”

“In addition to the organic investments, today we signed an agreement to acquire Astrodyne TDI, which is a bolt-on acquisition that broadens our portfolio of power and filter products for mission-critical applications that'll be part of our Industrial segment, and Heath will click down with some additional details about this acquisition that we're excited about in his section.”

“For the full year, we expect to deliver growth of 15% in sales and 23% in adjusted EPS year-over-year.”

“In the third quarter, our Industrial Solutions sales grew 22% on a reported basis and 21% organically year-over-year, with broad-based growth, as you see on the slide, across the segment, led by over 30% organic growth in both our DDN and energy businesses.”

“In Digital Data Networks, our teams delivered another very strong quarter of growth, with sales increasing 34% year-over-year and up $100 million sequentially, which was in line with our expectations, and we expect DDN to deliver the full-year growth we talked about last quarter.”

“At the segment level, turning to margins, Industrial Solutions segment adjusted operating margins expanded 70 basis points to nearly 23%, reflecting continued strong execution by our teams.”

“At the segment level, in looking at margins, the transportation team delivered adjusted operating margins of 21%, demonstrating the resiliency of the execution by our transportation team.”

“Given the order strength that Terrence mentioned earlier, we will exit this year with a strong backlog position in both segments.”

“The teams are doing a very good job of meeting customer demands while continuing to manage inflationary pressures through both price as well as cost actions.”

“Certainly, we are investing in the scaling of the manufacturing as well as the engineering teams off that acquisition to really make sure we can meet the intercept point that our customers expect us to meet, which will be more in the 2028 and beyond timeframe.”