TE Connectivity (TEL) Revenue — Quarter Ended Dec 27, 2024
Revenue for the quarter was essentially flat compared to the same quarter last year, and declined versus the immediately preceding quarter. The company's net sales remained nearly unchanged from the prior-year period.
Key takeaway
Quarter ended Dec 27, 2024 · FY2025 Q1
Revenue for the quarter was essentially flat compared to the same quarter last year, and declined versus the immediately preceding quarter. The company's net sales remained nearly unchanged from the prior-year period.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
-5.7%
Change from the immediately preceding quarter.
Year-over-year
+0.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$15.9B
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 |
|---|---|---|
| Mar 29, 2024 | $4B | -4.6% |
| Jun 28, 2024 | $4B | -0.5% |
| Sep 27, 2024 | $4.1B | +0.8% |
| Dec 27, 2024 | $3.8B | +0.1% |
Revenue performance
Reported net sales were approximately the same as the year-ago quarter, reflecting a marginal increase. However, revenue decreased compared to the preceding quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue declined. Relative to the same quarter one year earlier, revenue showed a slight increase.
What to watch
The sequential decline in revenue may warrant attention given the relatively stable year-over-year comparison.