TE Connectivity expects strong quarterly results and acquires Astrodyne for 1.4 billion dollars - Zonebourse Suisse
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- Modified on 07/22/2026 at 12:54 PM Contact us for any correction request Growing demand for AI-related solutions has boosted investments in data centers and network equipment globally, benefiting companies like TE, which produces electrical connector systems used in data centers. CEO Terrence Curtin told Reuters in an interview that the company would maintain its strategy of passing on rising raw material costs through price increases to protect its margins, as the cost of petroleum-derived products, such as resins, remains high amid renewed tensions between the United States and Iran. Asked about refunds related to President Donald Trump's tariffs, Mr. Curtin specified that the company had applied for them but had not yet "received significant amounts," adding that it would pass these refunds on to its customers rather than offering generalized price reductions. Here are some additional details: * TE also announced the acquisition of power management and filtering solutions manufacturer Astrodyne TDI for 1.4 billion dollars, and expects to finalize the transaction by the end of 2026. * The company's shares were down more than 5% in pre-market trading. * "Our orders are up 70% this year, building a strong order book for next year," Mr. Curtin said. * The company expects adjusted earnings of 3.05 dollars per share for the current quarter...
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