TE Connectivity (TEL) Revenue — Quarter Ended Sep 29, 2023
Revenue was flat compared to the prior quarter but declined from the same quarter last year. The trend shows a sequential stabilization after a drop in the previous period.
Key takeaway
Quarter ended Sep 29, 2023 · FY2023 Q4
Revenue was flat compared to the prior quarter but declined from the same quarter last year. The trend shows a sequential stabilization after a drop in the previous period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4B
Revenue reported for this quarter.
Quarter-over-quarter
+0.9%
Change from the immediately preceding quarter.
Year-over-year
-7.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$16B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 30, 2022 | $3.8B | +0.6% |
| Mar 31, 2023 | $4.2B | +3.8% |
| Jun 30, 2023 | $4B | -2.4% |
| Sep 29, 2023 | $4B | -7.4% |
Revenue performance
Reported revenue was unchanged from the immediately preceding quarter. On a year-over-year basis, revenue was lower.
Quarterly comparison
Compared to the prior quarter, revenue was essentially flat. Compared to the same quarter one year earlier, revenue decreased.
What to watch
The sequential stabilization follows two consecutive quarters of mixed trends, and management cited offsetting segment dynamics for the next quarter.