Te Connectivity Plc · NYSE:TEL
Te Connectivity — Q3 2026 Earnings Presentation
26 slides from Te Connectivity's earnings presentation, Jul 22, 2026
Slide 1: TE Connectivity Third Quarter 2026 Earnings
TE Connectivity Third Quarter 2026 Earnings July 22, 2026 EVERY CONNECTION COUNTS
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements operate, including continuing military conflict in certain parts of the world; This presentation contains certain "forward-looking statements" within the developments in the credit markets; future goodwill impairme
Slide 3: Earnings Highlights
Earnings Highlights Q3 Record Results Exceeded Guidance with an Increase of 14% in Sales and 22% in Adjusted EPS Y/Y Delivered record Sales, Orders, and Adjusted EPS Sales of $5.16B, increased 14% reported and 12% on an organic basis Y/Y Orders of $5.7B, increased 27% Y/Y and 7% sequentially r
Slide 4: Segment Orders Summary
Segment Orders Summary ($ in millions) FY25 FY26 FY26 Q3 Growth Reported Q3 Q2 Q3 Y/Y Q/Q Record orders in both segments Industrial 2,156 2,703 2,933 36% 9% Industrial segment order growth Y/Y in all businesses; DDN orders +70% YTD driven by Transportation 2,316 2,621 2,760 19% 5% AI momentum
Slide 5: Industrial Solutions
Industrial Solutions $ in Millions Digital Data Networks Continued momentum with AI sales as Q3 SALES Q3 BUSINESS PERFORMANCE expected; orders support another strong sequential sales increase in Q4 Reported Y/Y Growth Reported Organic Automation & Connected Living Up 22% Rates Growth across all
Slide 6: Transportation Solutions
Transportation Solutions $ in Millions Automotive Q3 SALES Q3 BUSINESS PERFORMANCE Sales increase due to content outperformance in Asia and Europe Reported Y/Y Growth Rates Reported Organic Up 7% $2,580 Commercial Transportation $2,418 Automotive $1,913 5% 3% Strong content growth across all Org
Slide 7: Q3 Financial Summary
Q3 Financial Summary ($ in Millions, except per share amounts) Q3 FY25 Q3 FY26 Net Sales $ 4,534 $ 5,160 Operating Income $ 857 $ 981 Operating Margin 18.9% 19.0% Acquisition-Related Charges 30 9 Restructuring & Other Charges, Net 14 83 Amortization Expense 52 56 Adjusted Operating Income $ 953 $ 1,
Slide 8: Q3 Financial Performance
Q3 Financial Performance SALES ADJUSTED OPERATING MARGIN $ in Billions Sales up 90bps of 14% reported margin and 12% 21.9% expansion $4.5 $5.2 21.0% organic Y/Y Q3 2025 Q3 2026 Q3 2025 Q3 2026 ADJUSTED EPS FREE CASH FLOW $ in Billions Record YTD Up 22% Y/Y Free Cash Flow $2.94 $2.1 $2.2 $2.41 Q3 202
Slide 9: Additional Information
Additional Information EVERY CONNECTION COUNTS
Slide 10: Y/Y Q3 2026 Sales and Adjusted EPS
Y/Y Q3 2026 Sales Adjusted EPS (in millions) Q3 2025 Results $4,534 $2.41 Operational Performance 554 0.48 FX Impact 72 0.02 Tax Rate Impact - 0.03 Q3 2026 Results $5,160 $2.94 10 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.
Slide 11: Y/Y Q4 2026 Sales and Adjusted EPS
Y/Y Q4 2026 Sales Adjusted EPS (in millions) Q4 2025 Results $4,749 $2.59 Operational Performance 511 0.50 FX Impact (10) - Tax Rate Impact - (0.04) Q4 2026 Guidance $5,250 $3.05 11 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.
Slide 12: Balance Sheet and Cash Flow Summary
Balance Sheet and Cash Flow Summary Free Cash Flow and Working Capital Liquidity, Cash and Debt ($ in Millions) Q3 2025 Q3 2026 ($ in Millions) Q3 2025 Q3 2026 Cash from Operating Activities $1,187 $1,185 Beginning Cash Balance $2,554 $1,110 Free Cash Flow 962 883 Capital expenditures, net (225) (30
Slide 13: Appendix
Appendix EVERY CONNECTION COUNTS
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures We present non-GAAP performance and liquidity measures as Organic Net Sales Growth (Decline) – represents net sales Adjusted Income Tax (Expense) Benefit and Adjusted we believe it is appropriate for investors to consider adjusted growth (decline) (the most comparable
Slide 15: Non-GAAP Financial Measures (cont.)
Non-GAAP Financial Measures (cont.) Adjusted Earnings Per Share – represents diluted earnings activities excluding voluntary pension contributions and the per share from continuing operations (the most comparable cash impact of special items, if any, minus net capital GAAP financial measure) befor
Slide 16: Segment Summary
Segment Summary For the Q uarte rs Ende d For the Nine Months Ende d June 26, June 27, June 26, June 27, 2026 2025 2026 2025 ($ in millions) Ne t Sale s Ne t Sale s Ne t Sale s Ne t Sale s Transportation Solutions $ 2,580 $ 2,418 $ 7,469 $ 6,975 Industrial Solutions 2,580 2,116 7,104 5,538 Total $ 5
Slide 17: Reconciliation of Net Sales Growth
Reconciliation of Net Sales Growth Change in Ne t Sale s for the Q uarte r Ende d June 26, 2026 ve rsus Ne t Sale s for the Q uarte r Ende d June 27, 2025 Ne t Sale s O rganic Ne t Sale s Growth (De cline ) Growth (De cline ) (1) Translation (2) Acquisitions ($ in millions) Transportation Solutions:
Slide 18: Reconciliation of Non-GAAP Measures for the Quarter Ended June 26, 2026
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 26, 2026 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Expe nse (1) (Non-GAAP) (2) ($ in millions, e xce pt pe r shar
Slide 19: Reconciliation of Non-GAAP Measures for the Quarter Ended June 27, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 27, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1 Expe nse (1) (Non-GAAP) (2) ($ in millions, e xce pt pe r share
Slide 20: Reconciliation of Non-GAAP Measures for the Nine Months Ended June 26, 2026
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Nine Months Ended June 26, 2026 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Expe nse (1) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions,
Slide 21: Reconciliation of Non-GAAP Measures for the Nine Months Ended June 27, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Nine Months Ended June 27, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Expe nse (1) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions,
Slide 22: Reconciliation of Non-GAAP Measures for the Quarter Ended September 26, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 26, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Expe nse (1) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions
Slide 23: Reconciliation of Non-GAAP Measures for the Year Ended September 26, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 26, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Expe nse (1) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions, e
Slide 24: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin For the Q uarte rs Ende d June 26, June 27, 2026 2025 ($ in millions) Net income $ 748 $ 638 Income tax expense 223 208 Interest expense 31 28 Interest income (21) (17) Operating income 981 857 Acquisition-related charges 9 30 Restructurin
Slide 25: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow For the Q uarte rs Ende d For the Nine Months Ende d June 26, June 27, June 26, June 27, 2026 2025 2026 2025 (in millions) Net cash provided by operating activities $ 1,185 $ 1,187 $ 2,997 $ 2,718 Net cash used in investing activities (308) (2,537) (1,032) (3,298) Ne
Slide 26: Reconciliation of Forward-Looking Non-GAAP Financial Measures
Reconciliation of Forward-Looking Non-GAAP Financial Measures to Forward-Looking GAAP Financial Measures O utlook for Q uarte r Ending Se pte mbe r 25, O utlook for (1) 2026 Fiscal 2026 (1) Diluted earnings per share from continuing operations $ 2.84 $ 10.82 Acquisition-related charges 0.02 0.08 Res