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NEWS RELEASE Exhibit 99.1 ETE connectivity te.com TE Connectivity announces first quarter results for fiscal year 2021 Double - digit growth in sales and EPS year over year , exceeding company expectations SCHAFFHAUSEN , Switzerland - Jan. 27 , 2021 - TE Connectivity Ltd. ( NYSE : TEL ) today reported results for the fiscal first quarter ended Dec. 25 , 2020 . First Quarter Highlights • Net sales were $ 3.5 billion , up 11 % on a reported basis , and 6 % on an organic basis year over year . • Orders of approximately $ 4 billion , up 25 % year over year . • GAAP earnings per share ( EPS ) from continuing operations were $ 1.13 , and adjusted EPS were $ 1.47 , up 21 % year over year . • Cash flow from continuing operating activities was $ 640 million and free cash flow was $ 529 million , with $ 286 million returned to shareholders . " Our strong first quarter performance reflects our global team's ability to adapt to ongoing dynamic market conditions to deliver double - digit sales and EPS growth that exceeded our expectations , " said TE Connectivity CEO Terrence Curtin . " These results demonstrate the strength and resilience of our portfolio , our employees ' commitment to our customers and the benefit of our leadership position in long - term global growth trends . In particular , our Transportation segment continued to outperform the market due to content growth driven by electric vehicles , along with data connectivity and autonomy trends . Our Communications segment also exhibited strength due to demand in high - speed cloud applications and growth in the appliances market . As we are seeing continued signs of improvement in the majority of our end markets , we expect to deliver continued sales and earnings growth in the second quarter . " Second Quarter FY21 Outlook For the second quarter of fiscal 2021 , the company expects net sales of approximately $ 3.5 billion , reflecting an approximate 10 % increase on a reported basis and an increase of mid - single digits on an organic basis year over year . GAAP EPS from continuing operations are expected to be approximately $ 1.38 with adjusted EPS of approximately $ 1.47 , up 14 % year over year .