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Robotics·TEL

TE Connectivity Ltd.

NYSE · US

Connectivity and sensor supplier serving transportation, industrial, medical, and communications markets.

AI relevance

Connectors and sensors for robot wiring harnesses, joint feedback, power delivery, and industrial deployment.

Robotics Sensing

Price

$214.13

Change

-8.63 (-3.87%)

Market cap

$62.0B

52w range

$190–$253

Exchange

NYSE

Country

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Price chart

TEL market performance

Daily close for TE Connectivity Ltd.

Latest close: $215.4
Range move: -$28.01 (-11.5%)
Range high: $249.0
Range low: $195.8
Latest volume: 246.4K
Source: FMP EOD

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Exports

Download statements, ratios, chart data, and transcript indexes.

CSV

Income statement

12 annual rows

Revenue, gross profit, R&D, operating income, EBITDA, net income, and EPS.

Annual

Balance sheet

12 annual rows

Cash, receivables, inventory, PP&E, assets, debt, liabilities, and equity.

Annual

Cash flow

12 annual rows

Operating cash flow, capital expenditures, and free cash flow.

Annual

Key metrics

12 annual rows

Enterprise value, valuation multiples, returns, yields, and cash conversion.

Annual

Ratios

12 annual rows

Margins, liquidity ratios, valuation ratios, leverage, and per-share metrics.

Annual

Chart data

1255 rows

Five years of daily close and volume data powering the company chart.

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Transcript list

71 rows

Available earnings-call transcript dates by fiscal year and quarter.

Download

StreetHold

Analyst expectations

Consensus target

$252.71

+18.0%

Target range

$220.00 - $300.00

Rating mix

Hold

29 ratings

Next FY revenue

$22.28B

2027-09-25

Next FY EPS

$13.54

$13.08 - $14.18

Rating consensus29 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-09-25	$22.28B	$22.09B - $22.40B	$13.54	$13.08 - $14.18	$6.00B	$4.83B	$3.91B	$2.37B	9 rev / 7 EPS
2028-09-25	$24.16B	$24.04B - $24.27B	$15.28	$15.05 - $15.62	$6.73B	$5.55B	$4.51B	$2.57B	8 rev / 6 EPS
2029-09-25	$25.64B	$24.43B - $26.68B	$16.96	$15.46 - $17.93	$6.92B	$5.73B	$4.66B	$2.72B	7 rev / 3 EPS
2030-09-25	$28.35B	$27.56B - $28.94B	$19.75	$19.03 - $20.28	$8.36B	$7.12B	$5.81B	$3.01B	3 rev / 1 EPS
2031-09-25	$30.58B	$29.72B - $31.21B	$22.13	$21.32 - $22.73	$9.26B	$7.97B	$6.51B	$3.25B	3 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-25	$5.34B	$5.32B - $5.35B	$3.27	$3.25 - $3.28	$1.62B	$1.20B	$961.6M	$567.1M	6 rev / 5 EPS
2027-03-25	$5.39B	$5.33B - $5.46B	$3.24	$3.19 - $3.28	$1.60B	$1.19B	$953.3M	$573.0M	5 rev / 5 EPS
2027-06-25	$5.68B	$5.63B - $5.74B	$3.45	$3.41 - $3.50	$1.67B	$1.26B	$1.01B	$603.1M	4 rev / 3 EPS
2027-09-25	$5.87B	$5.82B - $5.93B	$3.61	$3.57 - $3.65	$1.72B	$1.32B	$1.06B	$623.7M	4 rev / 3 EPS
2027-12-25	$5.74B	$5.69B - $5.80B	$3.58	$3.54 - $3.63	$1.70B	$1.31B	$1.05B	$609.3M	4 rev / 3 EPS
2028-03-25	$5.91B	$5.86B - $5.97B	$3.72	$3.68 - $3.77	$1.75B	$1.36B	$1.09B	$627.6M	3 rev / 4 EPS
2028-06-25	$6.14B	$6.09B - $6.21B	$3.87	$3.82 - $3.92	$1.80B	$1.41B	$1.14B	$652.5M	3 rev / 4 EPS
2028-09-25	$6.43B	$6.37B - $6.49B	$4.04	$4.00 - $4.10	$1.86B	$1.47B	$1.19B	$682.6M	3 rev / 4 EPS

Price target history

Window	Targets	Average target
Last month	3	$268.00
Last quarter	5	$253.40
Last year	28	$262.96
All time	56	$222.57

Sources: StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-29	UBS	Maintain	Buy	Buy
2026-10-29	Citigroup	Maintain	Buy	Buy
2026-10-07	UBS	Maintain	Buy	Buy
2026-10-06	Goldman Sachs	Maintain	Buy	Buy
2026-09-11	Wells Fargo	Maintain	Equal Weight	Equal Weight
2026-07-23	Baird	Maintain	Outperform	Outperform
2026-07-23	Wells Fargo	Maintain	Equal Weight	Equal Weight
2026-07-13	Citigroup	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold	Strong sell
2026-10-01	1	12	6	0
2026-09-01	1	12	7	0
2026-08-01	1	11	7	0
2026-07-01	1	12	7	0
2026-06-01	1	12	7	0
2026-05-01	1	12	6	0
2026-04-01	1	13	6	1
2026-03-01	1	13	5	1

FinancialsFY 2026

Financials

Revenue

$19.89B

Gross margin

36.2%

Operating income

$3.99B

Free cash flow

$3.40B

Cash + ST investments

$1.70B

Net debt

$3.94B

ROE

24.0%

ROIC

15.1%

EV / sales

3.4x

EV / EBITDA

12.9x

R&D / revenue

4.7%

Current ratio

1.7x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$19.89B	$7.21B	36.2%	$942.0M	$3.99B	$5.27B	$3.25B	$11.14
FY 2025	$17.09B	$5.91B	34.6%	$829.0M	$3.21B	$4.12B	$1.84B	$6.20
FY 2024	$15.85B	$5.46B	34.4%	$741.0M	$2.80B	$3.69B	$3.19B	$10.40
FY 2023	$16.03B	$4.98B	31.1%	$593.0M	$2.72B	$3.14B	$1.91B	$6.06
FY 2022	$16.28B	$5.13B	31.5%	$610.0M	$2.87B	$3.58B	$2.43B	$7.52
FY 2021	$14.92B	$4.73B	31.7%	$612.0M	$2.61B	$3.20B	$2.26B	$6.85
FY 2020	$12.17B	$3.66B	30.1%	$539.0M	$1.78B	$1.28B	-$241.0M	$-0.78
FY 2019	$13.45B	$4.32B	32.1%	$572.0M	$2.19B	$2.69B	$1.93B	$5.71
FY 2018	$13.99B	$4.67B	33.4%	$606.0M	$2.45B	$3.01B	$2.57B	$7.33
FY 2017	$13.11B	$4.12B	31.4%	$548.0M	$2.09B	$2.46B	$1.68B	$4.74
FY 2016	$12.24B	$3.96B	32.3%	$566.0M	$1.93B	$1.87B	$1.98B	$5.49
FY 2015	$12.23B	$4.00B	32.7%	$540.0M	$1.96B	$2.33B	$1.31B	$5.98

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$4.53B	$1.12B	$3.40B
FY 2025	$4.14B	$936.0M	$3.20B
FY 2024	$3.48B	$680.0M	$2.80B
FY 2023	$3.13B	$732.0M	$2.40B
FY 2022	$2.47B	$768.0M	$1.70B
FY 2021	$2.68B	$690.0M	$1.99B
FY 2020	$1.99B	$560.0M	$1.43B
FY 2019	$2.42B	$749.0M	$1.67B
FY 2018	$2.45B	$935.0M	$1.52B
FY 2017	$2.32B	$702.0M	$1.62B
FY 2016	$1.92B	$628.0M	$1.29B
FY 2015	$1.91B	$600.0M	$1.31B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$1.70B	$3.84B	$2.96B	$4.64B	$26.67B	$5.64B	$3.94B	$12.95B	$13.57B
FY 2025	$1.25B	$3.40B	$2.70B	$4.31B	$25.08B	$6.55B	$5.29B	$12.35B	$12.59B
FY 2024	$1.32B	$3.06B	$2.52B	$3.90B	$22.85B	$4.96B	$3.64B	$10.37B	$12.36B
FY 2023	$1.66B	$2.97B	$2.55B	$3.75B	$21.71B	$4.89B	$3.23B	$10.06B	$11.55B
FY 2022	$1.09B	$2.87B	$2.68B	$3.57B	$20.78B	$4.95B	$3.86B	$9.88B	$10.80B
FY 2021	$1.20B	$2.93B	$2.51B	$3.78B	$21.46B	$4.88B	$3.67B	$10.71B	$10.63B
FY 2020	$945.0M	$2.38B	$1.95B	$3.65B	$19.24B	$4.96B	$4.01B	$9.75B	$9.38B
FY 2019	$927.0M	$2.32B	$1.84B	$3.57B	$19.69B	$3.96B	$3.04B	$9.12B	$10.57B
FY 2018	$848.0M	$2.36B	$1.86B	$3.50B	$20.39B	$4.00B	$3.15B	$9.55B	$10.83B
FY 2017	$1.22B	$2.14B	$1.81B	$3.40B	$19.40B	$4.34B	$3.13B	$9.65B	$9.75B
FY 2016	$647.0M	$2.05B	$1.60B	$3.05B	$17.61B	$4.07B	$3.42B	$9.12B	$8.48B
FY 2015	$3.33B	$2.12B	$1.61B	$2.92B	$20.61B	$3.90B	$574.0M	$11.02B	$9.59B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	36.2%	20.1%	16.4%	1.7x	1.2x	24.0%	15.1%	3.4x	12.9x	5.3%	4.7%	85d
FY 2025	34.6%	18.8%	10.8%	1.6x	1.0x	14.6%	8.8%	4.1x	16.9x	5.0%	4.9%	95d
FY 2024	34.4%	17.6%	20.2%	1.6x	1.1x	25.8%	14.6%	3.2x	13.6x	6.0%	4.7%	98d
FY 2023	31.1%	16.9%	11.9%	1.8x	1.2x	16.5%	12.6%	2.6x	13.4x	6.2%	3.7%	100d
FY 2022	31.5%	17.6%	14.9%	1.6x	1.0x	22.5%	14.8%	2.4x	11.0x	4.8%	3.7%	100d
FY 2021	31.7%	17.5%	15.2%	1.6x	1.0x	21.3%	14.2%	3.4x	16.0x	4.2%	4.1%	93d
FY 2020	30.1%	14.6%	-2.0%	1.6x	1.0x	-2.6%	-5.4%	2.9x	27.8x	4.5%	4.4%	100d
FY 2019	32.1%	16.3%	14.4%	1.6x	1.1x	18.3%	13.1%	2.6x	12.8x	5.3%	4.3%	82d
FY 2018	33.4%	17.5%	18.4%	1.4x	1.0x	23.7%	14.5%	2.4x	11.1x	5.0%	4.3%	74d
FY 2017	31.4%	15.9%	12.8%	1.5x	1.1x	17.2%	11.6%	2.5x	13.3x	5.5%	4.2%	79d
FY 2016	32.3%	15.7%	16.2%	1.6x	1.0x	23.3%	12.9%	2.2x	14.4x	5.5%	4.6%	83d
FY 2015	32.7%	16.0%	10.7%	2.2x	1.8x	13.7%	8.8%	2.0x	10.7x	5.4%	4.4%	84d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+16.4%	+22.0%	+13.6%	+24.3%	+76.6%	+79.7%	+6.2%	-19.9%	+35.2%	+9.7%	+6.3%	-13.9%
FY 2025	+7.9%	+8.2%	+11.9%	+14.8%	-42.3%	-40.4%	+14.5%	-37.6%	-4.9%	+7.2%	+9.7%	+32.1%
FY 2024	-1.2%	+9.6%	+25.0%	+2.9%	+67.2%	+71.6%	+16.5%	+7.1%	-20.6%	-1.4%	+5.3%	+1.4%
FY 2023	-1.5%	-2.9%	-2.8%	-5.2%	-21.3%	-19.4%	+41.2%	+4.7%	+52.7%	-4.6%	+4.5%	-1.2%
FY 2022	+9.1%	+8.5%	-0.3%	+9.7%	+7.4%	+9.8%	-14.4%	-11.3%	-9.6%	+6.6%	-3.2%	+1.4%
FY 2021	+22.6%	+29.2%	+13.5%	+46.9%	+1038.2%	+978.2%	+38.7%	-23.2%	+27.3%	+28.8%	+11.5%	-1.6%
FY 2020	-9.5%	-15.3%	-5.8%	-19.0%	-112.5%	-113.7%	-14.4%	+25.2%	+1.9%	+6.2%	-2.3%	+25.0%
FY 2019	-3.9%	-7.5%	-5.6%	-10.4%	-24.8%	-22.1%	+10.4%	+19.9%	+9.3%	-1.1%	-3.4%	-0.9%
FY 2018	+6.7%	+13.4%	+10.6%	+17.4%	+52.8%	+54.6%	-6.4%	-33.2%	-30.4%	+2.4%	+5.1%	-7.9%
FY 2017	+7.1%	+4.2%	-3.2%	+8.4%	-15.2%	-13.7%	+25.1%	-11.8%	+88.3%	+13.6%	+10.2%	+6.7%
FY 2016	+0.0%	-1.1%	+4.8%	-1.5%	+50.6%	-8.2%	-1.4%	-4.7%	-80.6%	-1.2%	-14.6%	+4.3%
FY 2015	-12.1%	+3.3%	+11.6%	+5.4%	-26.2%	+37.8%	-6.9%	+10.8%	+35.5%	-7.4%	+2.3%	+1.2%

SegmentsFY 2025

Revenue Mix

Period	Total	Transportation Solutions	Industrial Solutions	Communications Solutions	U [S]	C [H]	CHINA	Network Solutions	Other Asia-Pacific	Other Europe/Middle East/Africa	Consumer Solutions	Other America	D [E]
FY 2025	$17.26B	$9.39B	$7.87B	--	--	--	--	--	--	--	--	--	--
FY 2024	$15.85B	--	--	--	$4.02B	$3.91B	$3.57B	--	$1.80B	$1.76B	--	$559.0M	$236.0M
FY 2023	$16.03B	$9.59B	$4.55B	$1.90B	--	--	--	--	--	--	--	--	--
FY 2022	$16.28B	$9.22B	$4.52B	$2.54B	--	--	--	--	--	--	--	--	--
FY 2021	$14.92B	$8.97B	$3.84B	$2.10B	--	--	--	--	--	--	--	--	--
FY 2020	$12.17B	$6.84B	$3.71B	$1.61B	--	--	--	--	--	--	--	--	--
FY 2019	$13.45B	$7.82B	$3.95B	$1.67B	--	--	--	--	--	--	--	--	--
FY 2018	$13.99B	$8.29B	$3.86B	$1.84B	--	--	--	--	--	--	--	--	--
FY 2017	$13.11B	$7.04B	$3.51B	$2.57B	--	--	--	--	--	--	--	--	--
FY 2016	$12.24B	$6.50B	$3.21B	$2.52B	--	--	--	--	--	--	--	--	--
FY 2015	$12.23B	$6.35B	$3.18B	$2.70B	--	--	--	--	--	--	--	--	--
FY 2014	$13.91B	$6.09B	$3.30B	--	--	--	--	$2.92B	--	--	$1.60B	--	--

Period	Total	U [S]	C [H]	C [N]	Other Asia Pacific	Americas	CHINA	Other Asia-Pacific	E M E A	Other Europe Middle East Africa	Asia Pacific	Other Europe/Middle East/Africa	Other America	D [E]
FY 2025	$34.52B	--	$3.86B	--	$1.94B	$9.38B	$4.61B	--	$7.43B	--	$6.55B	--	$560.0M	$193.0M
FY 2024	$15.85B	$4.02B	$3.91B	--	--	--	$3.57B	$1.80B	--	--	--	$1.76B	$559.0M	$236.0M
FY 2023	$16.03B	$4.11B	$4.11B	$3.18B	--	--	--	$1.97B	--	--	--	$1.69B	$563.0M	$405.0M
FY 2022	$16.28B	$4.28B	$3.71B	$3.59B	--	--	--	$2.18B	--	--	--	$1.44B	$523.0M	$561.0M
FY 2021	$14.92B	$3.62B	$3.62B	$3.30B	--	--	--	$2.08B	--	--	--	$1.44B	$463.0M	$417.0M
FY 2020	$12.17B	$3.35B	$2.88B	$2.46B	$1.79B	--	--	--	--	$999.0M	--	--	$358.0M	$343.0M
FY 2019	$13.45B	$3.79B	$3.25B	$2.44B	$1.96B	--	--	--	--	$1.17B	--	--	$430.0M	$404.0M
FY 2018	$13.99B	$3.58B	$3.48B	$2.74B	$2.02B	--	--	--	--	$1.33B	--	--	$388.0M	$443.0M
FY 2017	$13.11B	$4.06B	$3.02B	$2.41B	$1.90B	--	--	--	--	$1.15B	--	--	$338.0M	$235.0M
FY 2016	$12.24B	$3.90B	$2.98B	$2.17B	$1.76B	--	--	--	--	$1.01B	--	--	$298.0M	$127.0M
FY 2015	$12.23B	$3.82B	$2.99B	$2.37B	$1.74B	--	--	--	--	$883.0M	--	--	$321.0M	$117.0M
FY 2014	$13.91B	$3.87B	$4.01B	$2.44B	$2.13B	--	--	--	--	$792.0M	--	--	$553.0M	$126.0M

Transcripts

Events

Next earnings

2027-01-20EPS est $3.27

Recent filings

8-K2026-10-28
8-K2026-10-07
42026-09-14

Latest news

5 Stocks With High ROE to Bet on as AI-Infused Rally Spurs Markets
Zacks Investment Research · 2026-10-29
Why TE Connectivity (TEL) is a Top Momentum Stock for the Long-Term
Zacks Investment Research · 2026-10-29

Analyst expectations

Consensus target

$252.71

+18.0%

Target range

$220.00 - $300.00

Rating mix

Hold

29 ratings

Next FY revenue

$22.28B

2027-09-25

Next FY EPS

$13.54

$13.08 - $14.18

Rating consensus29 ratings

Strong buy

Buy

Hold

Sell

Strong sell

Annual estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2027-09-25	$22.28B	$22.09B - $22.40B	$13.54	$13.08 - $14.18	$6.00B	$4.83B	$3.91B	$2.37B	9 rev / 7 EPS
2028-09-25	$24.16B	$24.04B - $24.27B	$15.28	$15.05 - $15.62	$6.73B	$5.55B	$4.51B	$2.57B	8 rev / 6 EPS
2029-09-25	$25.64B	$24.43B - $26.68B	$16.96	$15.46 - $17.93	$6.92B	$5.73B	$4.66B	$2.72B	7 rev / 3 EPS
2030-09-25	$28.35B	$27.56B - $28.94B	$19.75	$19.03 - $20.28	$8.36B	$7.12B	$5.81B	$3.01B	3 rev / 1 EPS
2031-09-25	$30.58B	$29.72B - $31.21B	$22.13	$21.32 - $22.73	$9.26B	$7.97B	$6.51B	$3.25B	3 rev / 1 EPS

Quarterly estimates

Period	Revenue avg	Revenue range	EPS avg	EPS range	EBITDA avg	EBIT avg	Net income avg	SG&A avg	Analysts
2026-12-25	$5.34B	$5.32B - $5.35B	$3.27	$3.25 - $3.28	$1.62B	$1.20B	$961.6M	$567.1M	6 rev / 5 EPS
2027-03-25	$5.39B	$5.33B - $5.46B	$3.24	$3.19 - $3.28	$1.60B	$1.19B	$953.3M	$573.0M	5 rev / 5 EPS
2027-06-25	$5.68B	$5.63B - $5.74B	$3.45	$3.41 - $3.50	$1.67B	$1.26B	$1.01B	$603.1M	4 rev / 3 EPS
2027-09-25	$5.87B	$5.82B - $5.93B	$3.61	$3.57 - $3.65	$1.72B	$1.32B	$1.06B	$623.7M	4 rev / 3 EPS
2027-12-25	$5.74B	$5.69B - $5.80B	$3.58	$3.54 - $3.63	$1.70B	$1.31B	$1.05B	$609.3M	4 rev / 3 EPS
2028-03-25	$5.91B	$5.86B - $5.97B	$3.72	$3.68 - $3.77	$1.75B	$1.36B	$1.09B	$627.6M	3 rev / 4 EPS
2028-06-25	$6.14B	$6.09B - $6.21B	$3.87	$3.82 - $3.92	$1.80B	$1.41B	$1.14B	$652.5M	3 rev / 4 EPS
2028-09-25	$6.43B	$6.37B - $6.49B	$4.04	$4.00 - $4.10	$1.86B	$1.47B	$1.19B	$682.6M	3 rev / 4 EPS

Price target history

Window	Targets	Average target
Last month	3	$268.00
Last quarter	5	$253.40
Last year	28	$262.96
All time	56	$222.57

Sources: StreetInsider, Benzinga, Pulse 2.0

Latest grade actions

Date	Firm	Action	Previous	New
2026-10-29	UBS	Maintain	Buy	Buy
2026-10-29	Citigroup	Maintain	Buy	Buy
2026-10-07	UBS	Maintain	Buy	Buy
2026-10-06	Goldman Sachs	Maintain	Buy	Buy
2026-09-11	Wells Fargo	Maintain	Equal Weight	Equal Weight
2026-07-23	Baird	Maintain	Outperform	Outperform
2026-07-23	Wells Fargo	Maintain	Equal Weight	Equal Weight
2026-07-13	Citigroup	Maintain	Buy	Buy

Historical rating snapshots

Date	Strong buy	Buy	Hold	Strong sell
2026-10-01	1	12	6	0
2026-09-01	1	12	7	0
2026-08-01	1	11	7	0
2026-07-01	1	12	7	0
2026-06-01	1	12	7	0
2026-05-01	1	12	6	0
2026-04-01	1	13	6	1
2026-03-01	1	13	5	1

Financials

Revenue

$19.89B

Gross margin

36.2%

Operating income

$3.99B

Free cash flow

$3.40B

Cash + ST investments

$1.70B

Net debt

$3.94B

ROE

24.0%

ROIC

15.1%

EV / sales

3.4x

EV / EBITDA

12.9x

R&D / revenue

4.7%

Current ratio

1.7x

Income statement annual

Period	Revenue	Gross profit	Gross margin	R&D	Operating income	EBITDA	Net income	EPS
FY 2026	$19.89B	$7.21B	36.2%	$942.0M	$3.99B	$5.27B	$3.25B	$11.14
FY 2025	$17.09B	$5.91B	34.6%	$829.0M	$3.21B	$4.12B	$1.84B	$6.20
FY 2024	$15.85B	$5.46B	34.4%	$741.0M	$2.80B	$3.69B	$3.19B	$10.40
FY 2023	$16.03B	$4.98B	31.1%	$593.0M	$2.72B	$3.14B	$1.91B	$6.06
FY 2022	$16.28B	$5.13B	31.5%	$610.0M	$2.87B	$3.58B	$2.43B	$7.52
FY 2021	$14.92B	$4.73B	31.7%	$612.0M	$2.61B	$3.20B	$2.26B	$6.85
FY 2020	$12.17B	$3.66B	30.1%	$539.0M	$1.78B	$1.28B	-$241.0M	$-0.78
FY 2019	$13.45B	$4.32B	32.1%	$572.0M	$2.19B	$2.69B	$1.93B	$5.71
FY 2018	$13.99B	$4.67B	33.4%	$606.0M	$2.45B	$3.01B	$2.57B	$7.33
FY 2017	$13.11B	$4.12B	31.4%	$548.0M	$2.09B	$2.46B	$1.68B	$4.74
FY 2016	$12.24B	$3.96B	32.3%	$566.0M	$1.93B	$1.87B	$1.98B	$5.49
FY 2015	$12.23B	$4.00B	32.7%	$540.0M	$1.96B	$2.33B	$1.31B	$5.98

Cash flow annual

Period	Operating cash flow	Capex	Free cash flow
FY 2026	$4.53B	$1.12B	$3.40B
FY 2025	$4.14B	$936.0M	$3.20B
FY 2024	$3.48B	$680.0M	$2.80B
FY 2023	$3.13B	$732.0M	$2.40B
FY 2022	$2.47B	$768.0M	$1.70B
FY 2021	$2.68B	$690.0M	$1.99B
FY 2020	$1.99B	$560.0M	$1.43B
FY 2019	$2.42B	$749.0M	$1.67B
FY 2018	$2.45B	$935.0M	$1.52B
FY 2017	$2.32B	$702.0M	$1.62B
FY 2016	$1.92B	$628.0M	$1.29B
FY 2015	$1.91B	$600.0M	$1.31B

Balance sheet annual

Period	Cash + ST inv.	Receivables	Inventory	PP&E	Assets	Debt	Net debt	Liabilities	Equity
FY 2026	$1.70B	$3.84B	$2.96B	$4.64B	$26.67B	$5.64B	$3.94B	$12.95B	$13.57B
FY 2025	$1.25B	$3.40B	$2.70B	$4.31B	$25.08B	$6.55B	$5.29B	$12.35B	$12.59B
FY 2024	$1.32B	$3.06B	$2.52B	$3.90B	$22.85B	$4.96B	$3.64B	$10.37B	$12.36B
FY 2023	$1.66B	$2.97B	$2.55B	$3.75B	$21.71B	$4.89B	$3.23B	$10.06B	$11.55B
FY 2022	$1.09B	$2.87B	$2.68B	$3.57B	$20.78B	$4.95B	$3.86B	$9.88B	$10.80B
FY 2021	$1.20B	$2.93B	$2.51B	$3.78B	$21.46B	$4.88B	$3.67B	$10.71B	$10.63B
FY 2020	$945.0M	$2.38B	$1.95B	$3.65B	$19.24B	$4.96B	$4.01B	$9.75B	$9.38B
FY 2019	$927.0M	$2.32B	$1.84B	$3.57B	$19.69B	$3.96B	$3.04B	$9.12B	$10.57B
FY 2018	$848.0M	$2.36B	$1.86B	$3.50B	$20.39B	$4.00B	$3.15B	$9.55B	$10.83B
FY 2017	$1.22B	$2.14B	$1.81B	$3.40B	$19.40B	$4.34B	$3.13B	$9.65B	$9.75B
FY 2016	$647.0M	$2.05B	$1.60B	$3.05B	$17.61B	$4.07B	$3.42B	$9.12B	$8.48B
FY 2015	$3.33B	$2.12B	$1.61B	$2.92B	$20.61B	$3.90B	$574.0M	$11.02B	$9.59B

Annual ratios and key metrics

Period	Gross margin	Op margin	Net margin	Current	Quick	ROE	ROIC	EV / sales	EV / EBITDA	FCF yield	R&D / rev.	Cash cycle
FY 2026	36.2%	20.1%	16.4%	1.7x	1.2x	24.0%	15.1%	3.4x	12.9x	5.3%	4.7%	85d
FY 2025	34.6%	18.8%	10.8%	1.6x	1.0x	14.6%	8.8%	4.1x	16.9x	5.0%	4.9%	95d
FY 2024	34.4%	17.6%	20.2%	1.6x	1.1x	25.8%	14.6%	3.2x	13.6x	6.0%	4.7%	98d
FY 2023	31.1%	16.9%	11.9%	1.8x	1.2x	16.5%	12.6%	2.6x	13.4x	6.2%	3.7%	100d
FY 2022	31.5%	17.6%	14.9%	1.6x	1.0x	22.5%	14.8%	2.4x	11.0x	4.8%	3.7%	100d
FY 2021	31.7%	17.5%	15.2%	1.6x	1.0x	21.3%	14.2%	3.4x	16.0x	4.2%	4.1%	93d
FY 2020	30.1%	14.6%	-2.0%	1.6x	1.0x	-2.6%	-5.4%	2.9x	27.8x	4.5%	4.4%	100d
FY 2019	32.1%	16.3%	14.4%	1.6x	1.1x	18.3%	13.1%	2.6x	12.8x	5.3%	4.3%	82d
FY 2018	33.4%	17.5%	18.4%	1.4x	1.0x	23.7%	14.5%	2.4x	11.1x	5.0%	4.3%	74d
FY 2017	31.4%	15.9%	12.8%	1.5x	1.1x	17.2%	11.6%	2.5x	13.3x	5.5%	4.2%	79d
FY 2016	32.3%	15.7%	16.2%	1.6x	1.0x	23.3%	12.9%	2.2x	14.4x	5.5%	4.6%	83d
FY 2015	32.7%	16.0%	10.7%	2.2x	1.8x	13.7%	8.8%	2.0x	10.7x	5.4%	4.4%	84d

Annual growth

Period	Revenue	Gross profit	R&D	Op income	Net income	EPS	FCF	Capex	Cash + ST inv.	Inventory	Assets	Debt
FY 2026	+16.4%	+22.0%	+13.6%	+24.3%	+76.6%	+79.7%	+6.2%	-19.9%	+35.2%	+9.7%	+6.3%	-13.9%
FY 2025	+7.9%	+8.2%	+11.9%	+14.8%	-42.3%	-40.4%	+14.5%	-37.6%	-4.9%	+7.2%	+9.7%	+32.1%
FY 2024	-1.2%	+9.6%	+25.0%	+2.9%	+67.2%	+71.6%	+16.5%	+7.1%	-20.6%	-1.4%	+5.3%	+1.4%
FY 2023	-1.5%	-2.9%	-2.8%	-5.2%	-21.3%	-19.4%	+41.2%	+4.7%	+52.7%	-4.6%	+4.5%	-1.2%
FY 2022	+9.1%	+8.5%	-0.3%	+9.7%	+7.4%	+9.8%	-14.4%	-11.3%	-9.6%	+6.6%	-3.2%	+1.4%
FY 2021	+22.6%	+29.2%	+13.5%	+46.9%	+1038.2%	+978.2%	+38.7%	-23.2%	+27.3%	+28.8%	+11.5%	-1.6%
FY 2020	-9.5%	-15.3%	-5.8%	-19.0%	-112.5%	-113.7%	-14.4%	+25.2%	+1.9%	+6.2%	-2.3%	+25.0%
FY 2019	-3.9%	-7.5%	-5.6%	-10.4%	-24.8%	-22.1%	+10.4%	+19.9%	+9.3%	-1.1%	-3.4%	-0.9%
FY 2018	+6.7%	+13.4%	+10.6%	+17.4%	+52.8%	+54.6%	-6.4%	-33.2%	-30.4%	+2.4%	+5.1%	-7.9%
FY 2017	+7.1%	+4.2%	-3.2%	+8.4%	-15.2%	-13.7%	+25.1%	-11.8%	+88.3%	+13.6%	+10.2%	+6.7%
FY 2016	+0.0%	-1.1%	+4.8%	-1.5%	+50.6%	-8.2%	-1.4%	-4.7%	-80.6%	-1.2%	-14.6%	+4.3%
FY 2015	-12.1%	+3.3%	+11.6%	+5.4%	-26.2%	+37.8%	-6.9%	+10.8%	+35.5%	-7.4%	+2.3%	+1.2%

Revenue Mix