Short answer
TE Connectivity (TEL) filed its fiscal 2025 10-K annual report with the SEC on Nov 10, 2025. It reported revenue of $17.3B (+8.9% year over year) and net income of $1.8B.
- Top risk flagged: Regulatory risk from evolving ESG scrutiny and compliance with new environmental laws including climate change requirements and chemical usage rules
FY2025 key financial metrics · XBRL
- Revenue
- $17.3B
- +8.9% YoY
- Net income
- $1.8B
- −42.3% YoY
- Operating margin
- 18.6%
- +1.0 pp YoY
- Gross margin
- 35.2%
- +0.8 pp YoY
- EPS (diluted)
- $6.16
- −40.4% YoY
- ROE
- 14.6%
- −11.2 pp YoY
- Operating cash flow
- $4.1B
- +19.0% YoY
Source: XBRL data from the TE Connectivity (TEL) FY2025 10-K on SEC EDGAR. USD.
TE Connectivity FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Global industrial technology leader in connectivity and sensor solutions for power, signal, and data distribution across transportation and industrial markets
- New focus on fiscal 2025 segment reorganization consolidating into two reportable segments: Transportation Solutions and Industrial Solutions
- Strategic shift: Jurisdiction change from Switzerland to Ireland effective fiscal 2025 with no material operational impact reported
- Notable quantitative metric: Employee count rose to approximately 93,000 worldwide including 13,000 contractors as of fiscal 2025 year-end
- Most noteworthy fact: Acquisition of Richard Manufacturing Co. completed in fiscal 2025, and backlog increased to $6.19 billion from $6.04 billion in prior year
Management Discussion & Analysis
- Net sales $17,262M, up 8.9% YoY; organic growth 6.4%; Transportation Solutions down 1.0% (-$93M), Industrial Solutions up 23.7% (+$1,510M)
- Operating income $3,211M, operating margin 18.6% vs 17.6% in fiscal 2024
- Best performing segment Industrial Solutions: sales $7,874M (+23.7%), operating margin 17.7% vs 14.4%; worst Transportation Solutions: sales $9,388M (-1.0%), operating margin 19.4% vs 19.8%
- Operating cash flow $4,139M; dividends $2.72/share; acquired Richards Manufacturing for $2.3B in cash; restructuring charges $126M, expected $100M in fiscal 2026
- Fiscal 2026 Q1 guidance: net sales ~$4.5B vs $3.8B prior year; EPS ~$2.33; positive FX impact $113M sales, $0.02 EPS; monitoring inflation, tariffs, geopolitical risks
Risk Factors
- Regulatory risk from evolving ESG scrutiny and compliance with new environmental laws including climate change requirements and chemical usage rules
- Geopolitical threat from continuing military conflicts and evolving regulatory environment in China impacting operations and economic conditions
- Supply chain vulnerability from reliance on third-party suppliers and risks of natural disasters disrupting supplier facilities and manufacturing operations
- Competitive risk from pricing pressures and rapid technological changes affecting market acceptance of product innovations in automotive sector
- Financial risk related to debt instrument limitations constraining operational flexibility and increasing leverage exposure
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