TE Connectivity (TEL) FY2025 results: revenue $17.3 billion, up 8.9% on the year

TE Connectivity makes connectivity and sensor products that distribute power, signals and data. The filing describes it as a global industrial technology leader whose products go into next-generation transportation, energy networks, automated factories and data centers enabling artificial intelligence. It became an independent, publicly traded company in 2007 and traces its foundations in the connectivity business, through predecessor companies, back to 1941. Its jurisdiction of incorporation moved from Switzerland to Ireland on 30 September 2024, when TE Connectivity Ltd. merged into TE Connectivity plc. It runs a 52 or 53-week year ending on the last Friday of September, and it acquired Richards Manufacturing in fiscal 2025. Two reportable segments were put in place for fiscal 2025, and the company puts their combined market at approximately $200 billion.

Transportation Solutions

This segment was 54% of total net sales in fiscal 2025 against 60% a year earlier. Its main products are terminals and connector systems and components, sensors, heat shrink tubing, relays and application tooling, all of which have to withstand harsh conditions. Automotive is 75% of the segment, covering body and chassis systems, convenience applications, driver information, infotainment, miniaturisation, motor and powertrain applications and safety and security systems, plus hybrid and electric mobility work spanning in-vehicle technologies, battery technologies and charging solutions. Commercial transportation is 15%, supplying on- and off-highway vehicles and recreational transportation including heavy trucks, construction, agriculture and buses. Sensors are the remaining 10%, sold into automotive, industrial equipment, commercial transportation, medical solutions, aerospace and defense and consumer applications. Named competitors are Yazaki, Aptiv, Sumitomo, Sensata, Honeywell, Molex and Amphenol.

Industrial Solutions

This segment was 46% of total net sales in fiscal 2025 against 40% a year earlier, and it supplies terminals and connector systems and components, interventional medical components, heat shrink tubing, relays, wire and cable, and filters. Digital data networks are 28% of it, covering networking, data center and wireless infrastructure equipment plus connectivity for the Internet of Things, smartphones, tablet computers, virtual reality and artificial intelligence and machine learning applications. Automation and connected living is 27%, spanning factory and warehouse automation, industrial controls, robotics, human machine interface, power distribution, building automation and smart city infrastructure, rail products for trains, metros and signalling equipment, and parts for home appliances. Aerospace, defense and marine is 19%, making critical electronic components and systems for the harsh operating conditions of those industries. Energy is 17%, selling insulation, protection and connection products to electric power utilities, OEMs and engineering procurement construction companies serving the electrical power grid and renewables industries. Medical is 9%, covering imaging, diagnostic, surgical and minimally invasive interventional applications. Named competitors are Amphenol, Hubbell, Carlisle Companies, Integer Holdings, Molex, Omron, JST and Korea Electric Terminal.

Selling and seasons

Products go into approximately 130 countries, primarily through direct selling to manufacturers, which was approximately 75% of total net sales in fiscal 2025, with the rest sold indirectly through third-party distributors. By region, Asia-Pacific was 38% of net sales in fiscal 2025, EMEA 33% and the Americas 29%. No single customer accounted for a large share of net sales in fiscal 2025, 2024 or 2023. The third and fourth fiscal quarters are usually the strongest, the first is held back by holidays and the second can be hurt by adverse winter weather; automotive sales depend on global automotive production, with seasonal declines in European production weighing on the fourth quarter, while energy sales typically rise in the third and fourth.

Backlog, inputs and people

Backlog at the fiscal 2025 year end was $6,188 million, made up of $2,278 million in Transportation Solutions and $3,910 million in Industrial Solutions, against $6,039 million a year earlier, and the company states that it expects most of it to be filled during fiscal 2026. The principal raw materials are plastic resins for molding, precious metals such as gold, silver and palladium for plating, and copper, aluminum, brass and steel for cable, contacts and component bodies and inserts; many are produced in a limited number of countries or available from a limited number of suppliers, and their prices move with global supply and demand. At the fiscal 2025 year end it employed approximately 93,000 people worldwide, including 13,000 contract employees, with approximately 34,000 in the Asia-Pacific region, 34,000 in EMEA and 25,000 in the Americas, and approximately 55,000 of the total working in manufacturing.

From TE Connectivity's annual report on Form 10-K for the year ended 26 September 2025. The filing

Written from the 10-K filed 10 November 2025: read the full 10-K.