TE Connectivity at Jefferies conference: growth broadens beyond ai

On Thursday, 10 September 2026, TE Connectivity (TEL) addressed a growth narrative that extends far beyond artificial intelligence at the Jefferies Global Industrials Conference 2026. Chief Executive Terrence Curtin emphasized demand strength in AI data-center connectivity, yet also highlighted momentum in energy, industrial automation, automotive content and aerospace and defense sectors.

Curtin noted that AI growth rates have slowed as programs ramp and capacity expands. AI-related orders have risen 70% this year, and the company expects this demand to sustain growth into 2027, accounting for about 40% of total company growth. Power connectivity is becoming increasingly vital to data-center networking, with copper remaining central despite optics gaining ground at the switch level.

The energy segment is projected to achieve mid-teens organic growth, bolstered by acquisitions and grid upgrades. Margins remain robust, with transportation and industrial segments at approximately 22% operating income margins. TE Connectivity anticipates a $2.5 billion increase in revenue for the year, with AI contributing roughly 40% of this growth.

Curtin also mentioned automotive content is expected to rise 4% to 6% above production, driven by data connectivity, EV content in Asia, and vehicle features and edge-compute applications. The company operates at P/E ratio of 19.95 and a PEG ratio of 0.18, indicating attractive valuation relative to its growth prospects. TE Connectivity is strategically positioned at the intersection of data and power connectivity for GPU and hyperscaler applications, with copper being the long-term workhorse for both power and data transmission in AI racks.