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NEWS RELEASE Exhibit 99.1 STE connectivity te.com TE Connectivity announces second quarter results for fiscal year 2021 Significant growth in sales and EPS year over year , exceeding company expectations SCHAFFHAUSEN , Switzerland - April 21 , 2021 - TE Connectivity Ltd. ( NYSE : TEL ) today reported results for the fiscal second quarter ended March 26 , 2021 . Second Quarter Highlights • Net sales were $ 3.7 billion , up 17 % on a reported basis , and 11 % on an organic basis year over year . • Orders of $ 4.6 billion , up 36 % year over year . • GAAP diluted earnings per share ( EPS ) from continuing operations were $ 1.51 , and adjusted EPS were $ 1.57 , up 22 % year over year . • Cash flow from operating activities was $ 580 million and free cash flow was $ 477 million , with approximately $ 340 million returned to shareholders . " I am very pleased with our performance as well as our team's ability to deliver double digit sales growth and record quarterly adjusted EPS that exceeded our expectations , ” said TE Connectivity CEO Terrence Curtin . “ We delivered strong earnings this quarter , and year - to - date generated free cash flow of $ 1 billion , also a record for the first half of a fiscal year . It is also encouraging that we are benefiting from both a recovering economic backdrop as well as our leadership positions in long - term technology trends that drive content growth . I am proud of our team's perseverance to serve our customers through a global economic recovery and resulting challenges in the broader supply chain . " Third Quarter FY21 Outlook For the third quarter of fiscal 2021 , the company expects net sales of approximately $ 3.7 billion , compared to $ 2.5 billion in the prior year . GAAP diluted EPS from continuing operations are expected to be approximately $ 1.51 , compared to a loss of $ 0.18 in the prior year . Adjusted EPS are expected to be approximately $ 1.57 , compared to adjusted EPS of $ 0.59 in the prior year . Information about TE Connectivity's use of non - GAAP financial measures is provided below . For reconciliations of these non - GAAP financial measures , see the attached tables .