The biggest changes in the 10-K filed 2026-11-09, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Net income
+76.6% Big change FY to 2026-09-25 vs 2025-09-26The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+15.2% Big change FY to 2026-09-25 vs 2025-09-26“Our fiscal 2026 net sales increased 15.2% from fiscal 2025 due to sales growth in both the Industrial Solutions and Transportation Solutions segments.”
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“Transportation Solutions—Our net sales increased 7.3% in fiscal 2026 due to sales increases in the automotive and commercial transportation end markets.”
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Operating margin
18.6% → 20.1% (+1.5 pts) Big change FY to 2026-09-25 vs 2025-09-26“Excluding the items below, operating income increased in fiscal 2026 primarily as a result of improved manufacturing productivity.”
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“Excluding the items below, operating income increased in fiscal 2026 primarily as a result of higher volume and the positive impact of net pricing actions.”
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Gross margin
35.2% → 36.2% (+1.0 pts) Big change FY to 2026-09-25 vs 2025-09-26“In fiscal 2026, gross margin increased $1,127 million as compared to fiscal 2025 primarily as a result of higher volume, improved manufacturing productivity, and the positive impact of net pricing actions.”
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Cash from operations
+9.3% FY to 2026-09-25 vs 2025-09-26The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on TEL in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/TEL/export.csv") into a cell.