NEW YORK - TE Connectivity Ltd (NYSE: TEL ) reported first-quarter fiscal 2025 results that beat earnings expectations but missed on revenue, as strong operational execution offset currency headwinds. Shares were trading down 0.27% following the announcement.

The connectivity and sensor solutions company posted adjusted earnings per share of $1.95, surpassing the analyst consensus of $1.89. Revenue came in at $3.84 billion, matching the year-ago quarter and meeting analyst estimates of $3.91 billion.

TE Connectivity CEO Terrence Curtin said, "I'm pleased that our team began the fiscal year with a strong operational performance, highlighted by adjusted EPS above guidance and records in both adjusted operating margin and first quarter free cash flow."

The company's adjusted operating margin reached a quarterly record of 19.4%, driven by operational improvements. Free cash flow rose 18% year-over-year to $674 million.

By segment, Transportation Solutions revenue declined 6.3% to $2.24 billion, while Industrial Solutions revenue grew 10.8% to $1.59 billion, boosted by strength in artificial intelligence programs.

Looking ahead, TE Connectivity expects second-quarter adjusted earnings per share of approximately $1.96, slightly below the $1.98 analyst consensus. The company projects Q2 revenue of around $3.95 billion.

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