-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:
TE Connectivity delivered record adjusted EPS of $2.73 (+24% Y/Y) on sales of $4.74B (+15% reported, +7% organic), exceeding guidance. Industrial Solutions drove performance with $2.32B sales (+27% reported, +17% organic) and 260 bps margin expansion to 21.8%, while Transportation showed resilience with positive reported growth despite automotive headwinds. We view TEL as well positioned in AI infrastructure, though we note expected moderation in Digital Data Networks growth to 46% organic from prior 70%+ rates. Management guided Q3 sales to ~$5.0B (+10% reported, +9% organic) and adjusted EPS to ~$2.83 (+17% Y/Y). Record orders of $5.3B (+25% Y/Y, 1.12x book-to-bill) provide strong forward visibility. We believe operational leverage is evident with adjusted operating margins expanding 130 bps to 21.7% and strong free cash flow of $1.3B enabling $1.2B in shareholder returns. The 10% dividend increase reflects management's confidence in sustainable cash generation.