TE Connectivity beats top-line and bottom-line estimates; gives Q4 outlook

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TE Connectivity press release ( TEL ): Q3 Non-GAAP EPS of $2.94 beats by $0.10 . Revenue of $5.16B (+13.9% Y/Y) beats by $150M . Adjusted operating margin expanded by 90 basis points year over year to 22%, driven by strong operational performance.

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TE Connectivity reported Q3 Non-GAAP EPS of $2.94 and revenue of $5.16 billion, both exceeding market expectations. Revenue increased by 13.9% year-over-year, and the adjusted operating margin improved by 90 bps to 22%. Solid earnings performance is spreading positive investment sentiment across related industries.

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