TE Connectivity Plc.: Takeaways from “View from the Top” with CEO Terrence Curtin

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TE Connectivity Plc.: Takeaways from “View from the Top” with CEO Terrence Curtin

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TE Connectivity Plc.

Takeaways from “View from the Top” with

CEO Terrence Curtin

Maintain Rating: BUY | PO: 290.00 USD | Price: 202.78 USD

Encouraged at TE’s growth supported by data & power 26 May 2026

We hosted Mr. Terrence Curtin, CEO of TEL, as part of our View from the Top CEO Call Equity

Series. Transcript is attached in the back. After our Q&A, we walked encouraged at TE’s

growth algorithm that remains intact. On AI, Mr. Curtin reiterated revenue at ~$2.4bn Wamsi Mohan Research Analyst

this year and ~$3bn next year, but we see room for potential upside as hyperscaler BofAS

capex continues to step up. TE reiterated that their content per rack/GPU should +1wamsi.mohan@bofa.com646 855 3854

continue to rise. AI racks are a fast-growing proof point, but the same data and power Ruplu Bhattacharya

tailwinds are also showing up in grid, factory automation, aerospace/defense, vehicles, Research Analyst

BofAS

and commercial transport. That breadth, combined with pricing discipline, localized +1 646 855 0315

manufacturing, rising industrial volumes, and disciplined M&A, supports the case that TE ruplu.bhattacharya@bofa.com

can sustain above-historical growth and strong incremental margins through the cycle, in Ryan Seungin Choi

Research Analyst

our view. Maintain Buy. BofAS

Broadening strength across the business, beyond just AI +1ryan.choi2@bofa.com646 743 0587

Growth is broadening across the portfolio as TE is expected to deliver $2bn+ of growth Aisling Grueninger

this year, with only half from AI. Mr. Curtin characterized the order environment as ResearchBofAS Analyst