What is the primary revenue source for TE Connectivity (TEL)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze TEL's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out TE Connectivity's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How TE Connectivity Makes Money: TEL Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 51.25% of revenue, indicating concentration.

Operating margin improved by 1.55 percentage points year over year.

Revenue: USD 14.57B
Largest revenue segment share (Transportation Solutions): 51.25%
Cost of revenue: USD 9.25B
Selling, general and administrative: USD 1.61B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

RevenueNet sales · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of sales · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general and administrative expense · SellingGeneralAndAdministrativeExpense
Largest revenue segment share (Transportation Solutions)Transportation Solutions · segment_value / revenue * 100
Operating marginOperating income (loss) · operating_income / revenue * 100

Assets

Where is the money tied up, and how is the company financed?

Neutral

Liabilities and shareholder equity jointly fund the asset base, with a broadly stable mix.

Goodwill: USD 7.40B
Property, plant and equipment: USD 4.53B
Accounts receivable: USD 3.75B
Total liabilities: USD 12.68B
Shareholder equity: USD 13.25B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

GoodwillGoodwill · Goodwill
Property, plant and equipmentProperty, plant, and equipment, net · PropertyPlantAndEquipmentNet
Shareholder equityEquity, including portion attributable to noncontrolling interest · StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
Total liabilitiesLiabilities · Liabilities
Accounts receivableAccounts receivable, after allowance for credit loss, current · AccountsReceivableNetCurrent

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 127.37% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 2.35B
Operating cash flow: USD 3.00B
Cash conversion: 127.37%
Free cash flow: USD 2.17B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Net incomeNet income (loss), including portion attributable to noncontrolling interest · ProfitLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Steady

Dividends and net buybacks are covered by free cash flow, so cash genuinely reached shareholders.

Cash dividends: USD 643.00M
Share repurchases: USD 1.35B
Stock issuance proceeds: USD 79.00M
Net shareholder return: USD 1.91B

View calculation evidence

YoY periods: 9M 2026 compared with 9M 2025

Source metrics

Cash dividendsPayments of ordinary dividends, common stock · PaymentsOfDividendsCommonStock · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from exercise of share options · ProceedsFromStockOptionsExercised · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?