TEL Q1 2023 Earnings — TE Connectivity Ltd. Revenue & Financial Results | Market Cap Arena

TELTE Connectivity Ltd.

$61B

Q1 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.8B+0.6% YoY

Gross Profit

$1.2B30.1% margin

Operating Income

$593M15.4% margin

Net Income

$397M10.3% margin

EPS (Diluted)

$1.24

QoQ Revenue Growth

-11.9%

Cash Flow

Operating Cash Flow

$581M

Free Cash Flow

$398M

Stock-Based Comp.

$32M

Balance Sheet

Total Assets

$21.4B

Total Liabilities

$9.9B

Stockholders' Equity

$11.4B

Cash & Equivalents

$793M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.8B	$3.8B	+0.6%
Gross Profit	$1.2B	$1.2B	-5.6%
Operating Income	$593M	$660M	-10.2%
Net Income	$397M	$566M	-29.9%

Revenue Segments

Transportation Solutions

$2.3B59%

Industrial Solutions

$1.1B28%

Communications Solutions

$522M14%