Third quarter guidance reflects double digit sales and EPS growth

GALWAY, Ireland, April 22, 2026 /PRNewswire/ — TE Connectivity plc (NYSE: TEL) today reported results for the fiscal second quarter ended March 27, 2026.

Second Quarter Highlights

Net sales were $4.74 billion, an increase of 15% on a reported basis year over year, driven by growth in both the Industrial and Transportation segments, and 7% organically.GAAP diluted earnings per share (EPS) from continuing operations was $2.90. Adjusted EPS was a record $2.73, an increase of 24% year over year.GAAP operating margin was 20%, an increase of 200 basis points year over year. Adjusted operating margin expanded 130 basis points year over year to 22%, driven by strong operational performance across both segments.Record orders of $5.3 billion, an increase of 25% year over year with double-digit order growth in both segments and growth in all businesses.Cash flow from operating activities during the first half of the fiscal year was $1.8 billion. Free cash flow was $1.3 billion, up 17% year over year.Returned $1.2 billion to shareholders during the first half and announced 10% increase in quarterly cash dividend.

“Our teams delivered another quarter of results above guidance, including double-digit sales growth and record adjusted EPS,” said CEO Terrence Curtin. “This performance and our record orders were driven by our strategic positioning in key trends including AI, next generation transportation and electric grid modernization, along with the broadening of growth across our portfolio. We’re well positioned to capitalize on the proliferation of data and power to provide our customers with leading interconnect technologies. Our strong margin performance reflects the resilience we’ve built to mitigate the dynamic environment we continue to operate in around the world.

“Looking ahead to the third quarter, our ongoing orders momentum across all businesses positions us to deliver double digit sales growth to $5 billion, with continued strong operational performance to drive a double-digit increase in EPS. We continue to invest in innovative products and technologies that support our global customers and fuel our future growth.”

Third Quarter FY26 Outlook
For the third quarter of fiscal 2026, the company expects sales of approximately $5 billion, an increase of 10% on a reported basis and 9% organically year over year. Adjusted EPS is expected to be approximately $2.83, an increase of 17% year over year. GAAP EPS from continuing operations is expected to be approximately $2.44, an increase of 14% year over year.

Information about TE Connectivity’s use of non-GAAP financial measures is provided below. For reconciliations of these non-GAAP financial measures, see the attached tables.

Conference Call and Webcast
The company will hold a conference call for investors today beginning at 8:30 a.m. ET. The conference call may be accessed in the following ways:

At TE Connectivity’s website: investors.te.comBy telephone: For both “listen-only” participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in the United States is (800) 715-9871 and for international callers, the dial-in number is (646) 307-1963.A replay of the conference call will be available on TE Connectivity’s investor website at investors.te.com at 11:30 a.m. ET on April 22.

About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Instagram.

Non-GAAP Financial Measures
We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies.

The following provides additional information regarding our non-GAAP financial measures:

Organic Net Sales Growth (Decline) – represents net sales growth (decline) (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management’s control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. This measure is a significant component in our incentive compensation plans.

Adjusted Operating Income and Adjusted Operating Margin – represent operating income and operating margin, respectively, (the most comparable GAAP financial measures) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, and other income or charges, if any. We utilize these adjusted measures in combination with operating income and operating margin to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted Operating Income is a significant component in our incentive compensation plans.

Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any.

Adjusted Income from Continuing Operations – represents income from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects.

Adjusted Earnings Per Share – represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.

Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by operating activities (the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of Free Cash Flow.

Forward-Looking Statements

This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of business interruptions negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate, including continuing military conflict in certain parts of the world; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TE Connectivity plc’s Annual Report on Form 10-K for the fiscal year ended Sept 26, 2025, as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

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SOURCE TE Connectivity plc

VICTORIA, Seychelles, April 22, 2026 /CNW/ — MEXC, the world leader in 0‑fee digital asset trading, has published its Q1 2026 TradFi Futures report. Geopolitical tensions and safe-haven demand pushed traders toward precious metals and energy contracts throughout the quarter. MEXC TradFi absorbed that demand with record volume, a rapidly expanded instrument lineup, and order book depth that ranked first in the industry.

MEXC TradFi finished Q1 ranked second for gold futures among major crypto platforms, and third in both silver and crude oil. The gap with the market leader narrowed through the quarter, and silver’s month-over-month growth in March was the fastest of any comparable platform.

Those positions came down to order book depth. MEXC ranked first among 7 major platforms in gold depth at the top 5 levels, which meant less slippage and lower true cost on large trades even during the most volatile sessions.

Total volume in February surged 138% over January, and March extended the run with a further 45% gain. Monthly active traders grew 58% cumulatively over the period. The number of available instruments grew 62% quarter-over-quarter and now spans precious metals, energy, US stocks, global indices, forex, and ETFs.

XAUT and SILVER ranked first and second among all TradFi Futures and together accounted for over 90% of top-10 volume. PAXG placed fifth and further confirmed strong user preference for on-chain precious metal exposure.

Escalation in the Middle East through late February and into March triggered sharp volatility across oil and gold markets. Single-day volume hit its quarterly peak on March 3.

The same macro conditions validated MEXC’s decision to launch USOIL (WTI) and UKOIL (Brent) perpetual futures on January 30, ahead of the inflection point. Both instruments climbed to third and fourth place within two months and together captured a 15.3% market share in Q1.

“Gold and oil volatility created a window of opportunity and lucrative entry points for those who are prepared,” said Vugar Usi Zade, CEO of MEXC. “We positioned ourselves ahead of the curve with the right instruments, deep liquidity ready to execute large orders, and a frictionless fee model that empowers decisive action. As we move through the first half of 2026, our focus is clear to expand access, broaden our asset universe, and continue turning market shifts into opportunities for our users.”

The full report, with detailed breakdowns of volume structure, market share, and liquidity benchmarks, is available here.

About MEXC

MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.

MEXC Official Website｜ X ｜ Telegram ｜How to Sign Up on MEXC

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SOURCE MEXC

Komar Distribution Services expands its West Coast footprint with a new Perris, CA distribution center, enhancing logistics capabilities for retail, e-commerce, and omnichannel brands.

PERRIS, Calif., April 22, 2026 /PRNewswire-PRWeb/ — Komar Distribution Services (KDS), a leading 3PL provider and division of Komar, today announced the grand opening of its new distribution center in Perris, California. The facility will officially open on April 30, followed by a ribbon-cutting ceremony on May 1 at 9:30 a.m. PT. The Perris Chamber of Commerce is invited to attend. The facility expands KDS’s West Coast footprint and strengthens its ability to deliver high-performance logistics solutions for fast-growing sectors including retail, CPG, apparel, and e-commerce.

Located in the heart of the Inland Empire logistics corridor, the Perris facility provides direct access to the Ports of Los Angeles and Long Beach, major intermodal rail hubs, and key freeway arteries serving the Western United States. The new site adds significant warehousing and fulfillment capacity to KDS’s national network, enabling greater speed, flexibility, and scalability for import, export, and domestic distribution operations.

“This opening marks an important milestone in our long-term growth strategy,” said Tyler Harris, President of KDS. “By adding Perris to our bicoastal network, we can offer customers even more responsive, cost-effective solutions—from port to porch. Combined with our technology-driven 3PL platform, this facility enhances our ability to support complex omnichannel programs, value-added services, and just-in-time inventory strategies across the West.”

The Perris distribution center is designed to support a wide range of customer needs, including high-volume retail replenishment, direct-to-consumer fulfillment, value-added services, and specialized handling. The facility features modern racking, advanced warehouse management technology, and flexible configurations to support seasonal surges, new channel launches, and program growth—all backed by KDS’s operator-led approach to logistics.

In line with Komar’s longstanding commitment to responsible growth, the Perris site incorporates energy-efficient systems and sustainable operating practices, supporting reduced environmental impact while maintaining high service levels.

“The Inland Empire has become one of the most important logistics hubs in the country, and we’re excited to deepen our investment in the region,” added Harris. “This facility allows us to create new jobs, strengthen our partnerships with customers and carriers, and continue building a resilient, future-ready logistics network.”

The opening of Perris builds on KDS’s existing national footprint, which includes state-of-the-art facilities in Savannah, GA and McAlester, OK. Together, these locations provide comprehensive coverage, integrated systems, and a single-operator perspective that aligns distribution strategy with brand and customer experience goals.

About Komar

Established in 1908, Komar, a global leader in the design, sourcing, manufacturing and distribution of high quality sleepwear, layering, and intimates, and with a portfolio of over 100 owned and licensed brands, Komar is a company that puts people first, committed to building a more ethical, sustainable business model, where making quality clothing adds to quality of life in our communities, and around the world.

About Komar Distribution Services

Founded in 1998 as a division of Komar, KDS is the only 3PL provider built by brand operators, for brand builders, providing tailored, scalable logistics solutions across the U.S. With state-of-the-art facilities in Savannah, GA; Perris, CA; and McAlester, OK, Komar Distribution Services supports a diverse range of industries with advanced technology, sustainable operations, and a customer-centric approach.

Media Contact

Matthew Sell, Komar Distribution Services, 1 (918) 429-7779, matthew.sell@komardistribution.com, https://komardistribution.com/

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SOURCE Komar Distribution Services