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Home > Finance > TE Connectivity forecasts Q2 profit below expectations as demand uncertainty weighs

TE Connectivity forecasts Q2 profit below expectations as demand uncertainty weighs

Published by Global Banking & Finance Review®

Posted on January 22, 2025

1 min read

Last updated: January 27, 2026

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Quick Summary

TE Connectivity's Q2 profit forecast falls short due to demand uncertainty in its transportation unit, with sales declining by 6.3%.

TE Connectivity's Q2 Profit Forecast Misses Expectations

(Reuters) - TE Connectivity forecast second-quarter profit below analysts' expectations on Wednesday, as the sensor maker continues to face demand uncertainty in its largest division, the transportation unit.

The transportation segment, which produces components for automotive technologies, saw sales decline by 6.3% to $2.24 billion, making up 58.4% of the total revenue for the quarter.

The Galway, Ireland-based company expects an adjusted profit of about $1.96 per share for the current quarter, compared with analysts' estimates of $1.98 per share, according to data compiled by LSEG.

It reported an adjusted profit of $1.95 per share for the quarter ended December 27, beating analysts' estimates of $1.89 per share, helped by strong sales in its industrial solutions segment.

Total net sales for the quarter stood at $3.83 billion, missing analysts' estimates of $3.9 billion, partly due to unfavorable currency exchange impacts.

(Reporting by Anshuman Tripathy in Bengaluru; Editing by Tasim Zahid)

Key Takeaways

•TE Connectivity forecasts lower Q2 profit than expected.
•Transportation unit sales declined by 6.3%.
•Adjusted profit expected at $1.96 per share.
•Total net sales missed analysts' estimates.
•Currency exchange impacts affected revenue.

Frequently Asked Questions about TE Connectivity forecasts Q2 profit below expectations as demand uncertainty weighs

1What is the main topic?

The main topic is TE Connectivity's Q2 profit forecast falling below expectations due to demand uncertainty in its transportation unit.

2Why did TE Connectivity's sales decline?

Sales declined due to demand uncertainty in the transportation unit and unfavorable currency exchange impacts.

3How did TE Connectivity perform in the previous quarter?

TE Connectivity reported an adjusted profit of $1.95 per share, beating analysts' estimates of $1.89 per share.

TE Connectivity's Q2 Profit Forecast Misses Expectations

The transportation segment, which produces components for automotive technologies, saw sales decline by 6.3% to $2.24 billion, making up 58.4% of the total revenue for the quarter.

It reported an adjusted profit of $1.95 per share for the quarter ended December 27, beating analysts' estimates of $1.89 per share, helped by strong sales in its industrial solutions segment.

Total net sales for the quarter stood at $3.83 billion, missing analysts' estimates of $3.9 billion, partly due to unfavorable currency exchange impacts.

(Reporting by Anshuman Tripathy in Bengaluru; Editing by Tasim Zahid)

Frequently Asked Questions

1What is the main topic?

The main topic is TE Connectivity's Q2 profit forecast falling below expectations due to demand uncertainty in its transportation unit.

2Why did TE Connectivity's sales decline?

Sales declined due to demand uncertainty in the transportation unit and unfavorable currency exchange impacts.

3How did TE Connectivity perform in the previous quarter?

TE Connectivity reported an adjusted profit of $1.95 per share, beating analysts' estimates of $1.89 per share.