TE Connectivity's second quarter net sales were $3.97 billion

TE Connectivity (TE) announced its second quarter financial report for fiscal year 2024 ending March 29, 2024. Net sales for the quarter were $3.97 billion, down 5% year-on-year but up 4% quarter-on-quarter. Adjusted earnings per share were $1.86, up 13% year-on-year. Orders reached $4 billion, up 6% quarter-on-quarter. Cash flow from operating activities in the first half of the fiscal year was $1.4 billion, up 18% year-on-year, and free cash flow was $1.1 billion, up 32% year-on-year. TE will continue to invest in areas such as hybrid vehicles, electric vehicles, renewable energy, and artificial intelligence.