TE Connectivity reported its third-quarter results for fiscal year 2026, with order intake rising 27% year-over-year to a record $5.7 billion and revenue increasing 14% to $5.16 billion—both exceeding Wall Street expectations—reflecting strong demand for high-density connectors and power distribution equipment driven by AI infrastructure. The company’s CEO, Terrence Curtin, stated that the momentum of AI and cloud computing has far exceeded initial forecasts, with orders for data center connectivity and power distribution growing by more than 70% year-to-date. However, the company’s stock price fell by about 7% following the earnings release, as management projected a slowdown in sales growth and adjusted earnings per share for the fourth quarter. In addition, TE Connectivity has signed an agreement to acquire Astrodyne TDI for $1.4 billion to enhance its power management portfolio.