TE Connectivity (TEL) Revenue — Quarter Ended Sep 27, 2024
Revenue for the quarter rose compared to both the prior quarter and the same quarter last year. The trailing twelve-month revenue also increased.
Key takeaway
Quarter ended Sep 27, 2024 · FY2024 Q4
Revenue for the quarter rose compared to both the prior quarter and the same quarter last year. The trailing twelve-month revenue also increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.1B
Revenue reported for this quarter.
Quarter-over-quarter
+2.2%
Change from the immediately preceding quarter.
Year-over-year
+0.8%
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 |
|---|---|---|
| Dec 29, 2023 | $3.8B | -0.3% |
| Mar 29, 2024 | $4B | -4.6% |
| Jun 28, 2024 | $4B | -0.5% |
| Sep 27, 2024 | $4.1B | +0.8% |
Revenue performance
The reported revenue increased over the preceding quarter, continuing an upward trend after a period of declines in earlier quarters.
Quarterly comparison
Compared to the preceding quarter, revenue improved, and it also grew relative to the same quarter one year earlier. The prior three quarters had each shown declines year over year, making this quarter a turnaround.
What to watch
Management expects net sales to rise modestly in the next quarter, with growth in the Industrial Solutions segment partly offset by declines in Transportation Solutions.