TE Connectivity (TEL) Revenue — Quarter Ended Mar 29, 2024
Revenue for the quarter decreased compared to the same period a year earlier. On a sequential basis, revenue increased from the immediately preceding quarter.
Key takeaway
Quarter ended Mar 29, 2024 · FY2024 Q2
Revenue for the quarter decreased compared to the same period a year earlier. On a sequential basis, revenue increased from the immediately preceding quarter.
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
+3.5%
Change from the immediately preceding quarter.
Year-over-year
-4.6%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.8B
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 |
|---|---|---|
| Jun 30, 2023 | $4B | -2.4% |
| Sep 29, 2023 | $4B | -7.4% |
| Dec 29, 2023 | $3.8B | -0.3% |
| Mar 29, 2024 | $4B | -4.6% |
Revenue performance
The reported revenue reflects a decline versus the prior-year quarter. The trend shows a sequential improvement from the prior quarter.
Quarterly comparison
Compared with the immediately preceding quarter, revenue rose. Compared with the same quarter a year earlier, revenue was lower.
What to watch
Filing context mentions that third-quarter fiscal 2024 net sales are expected to be consistent with third-quarter fiscal 2023 levels.