泰科电子（TEL.US）：订单强劲且在手订单创纪录，数据中心增长步伐与单车汽车含电量增长或为后续核心讨论点；2026财年四季度业绩回顾

Goldman Sachs maintains a Buy rating on TE Connectivity (TEL) with a 12-month price target of $293, implying 32.4% upside from the $221.24 share price. TE reported 4QFY26 revenue of $5,312 mn (up 12% yoy as reported and 13% organically) and operating EPS of $3.14, both modestly ahead of guidance and the Street. Orders were up 29% yoy and 6% qoq to $6.1 bn, with record backlog and double-digit order growth across all industrial segments. DDN revenue, which includes TE's AI and cloud revenue, was $949 mn, slightly above Visible Alpha consensus, though the limited upside versus investor expectations and a robust datacenter backdrop weighed on the shares. Management expects DDN growth of at least $1 bn per year in FY27 and over the medium term, with FY27 growth 2H weighted based on backlog. For 1QFY27, TE guided revenue to about $5,350 mn (up ~15% yoy organically) and operating EPS to about $3.30, well above prior GS and Street estimates. Transportation grew 6% in the quarter despite decli