TEL Latest Report

Performance of the Quarterly Report

As of December 27, 2024, TE Connectivity's total operating revenue was US$3.836 billion. Compared with the same period in 2023, which was US$3.831 billion, there was a slight increase, indicating that the company has begun to recover from the revenue decline in 2023. Although the specific year-on-year data was not fully disclosed, the overall trend shows that the company is gradually recovering in the market.

Key Data in the Financial Report

1. TE Connectivity's operating revenue in fiscal 2023 was US$230.4 million, a 16.4% decrease from US$275.6 million in fiscal 2022.

2. The revenue in the first quarter of 2024 was US$3.836 billion, a slight increase from US$3.831 billion in the first quarter of 2023.

3. The cumulative net profit in the third quarter of 2024 grew by 114.80% year-on-year.

4. TE Connectivity plans to launch several new products in 2024, including ERNI Voltron 1000V and MicroBridge 1.27mm miniaturized board-level signal connectors.

5. The market demand fluctuated in 2024, with significant ups and downs in several months.

Peer Comparison

1. Overall industry analysis: The change in operating revenue in the electronics industry is usually affected by market demand and competition patterns. In a favorable industry environment and competitors' revenue growth, TE Connectivity's operating revenue may also rise. If most companies in the same industry report revenue growth, it indicates that the industry's sentiment is improving, and whether TE Connectivity can keep up with this trend will be crucial.

2. Peer evaluation analysis: TE Connectivity's total operating revenue needs to be compared with major competitors such as Anfino. If competitors' revenues generally grow at the same time, but TE Connectivity fails to keep pace, it may indicate a decline in its market competitiveness, which needs attention.

Summary

After experiencing a decline in operating revenue in 2023, TE Connectivity showed signs of recovery in early 2024, despite the fluctuating market demand. The launch of new products and the gradual recovery of market demand are potential drivers for revenue growth. However, the intensity of industry competition and changes in market demand will have a significant impact on future performance.

Opportunities

1. The launch of new products may attract new customers and drive revenue growth.

2. As market demand gradually recovers, the company has the opportunity to regain its 2022 revenue level.

3. By strengthening cooperation with major customers, it can enhance its market share and gain an advantage in competition.

Risks

1. The fluctuating market demand in 2024 may affect the stability of operating revenue.

2. Strong performances from competitors may squeeze TE Connectivity's market share.

3. If new products fail to gain market recognition, it may affect the company's revenue expectations.