Slide 1: TE Connectivity Fourth Quarter 2025 Earnings
TE Connectivity Fourth Quarter 2025 Earnings October 29, 2025 EVERY CONNECTION COUNTS
Slide 2: Forward-Looking Statements and Non-GAAP Financial Measures
Forward-Looking Statements and Non-GAAP Financial Measures Forward-Looking Statements current and future environmental and other laws and regulations; and the This presentation contains certain "forward-looking statements" within the possible effects on us of changes in tax laws, tax treaties and ot
Slide 3: Earnings Highlights
Earnings Highlights Q4 Record Results Exceeded Guidance with an Increase of 17% in Sales and 25% in Adjusted EPS Sales of $4.75B, up 17% reported and 11% on an organic basis Y/Y Orders increased in both segments to $4.7B, up 22% Y/Y and 5% sequentially Adjusted Operating Margins of ~20%, up 13
Slide 4: Segment Orders Summary
Segment Orders Summary ($ in millions) FY24 FY25 FY25 Q4 Growth Reported Q4 Q3 Q4 Y/Y Q/Q Sequential orders growth driven by Transportation 2,224 2,316 2,428 9% 5% Automotive, Digital Data Networks, and Energy Industrial 1,617 2,156 2,254 39% 5% Transportation segment orders increased Y/Y in all
Slide 5: Transportation Solutions
Transportation Solutions $ in Millions Automotive Q4 SALES Q4 BUSINESS PERFORMANCE Sales increase driven by content growth in Asia, partially offset by weakness in Western regions Reported Y/Y Growth Rates Reported Organic Up 4% Commercial Transportation $2,330 $2,413 Automotive $1,790 4% 2% Gro
Slide 6: Industrial Solutions
Industrial Solutions $ in Millions Digital Data Networks Strong growth driven by Q4 SALES Q4 BUSINESS PERFORMANCE momentum in AI applications Reported Y/Y Growth Automation & Connected Living Reported Organic Growth across all regions with Up 34% Rates improvement in Factory Automation Digital D
Slide 7: Q4 Financial Summary
Q4 Financial Summary ($ in Millions, except per share amounts) Q4 FY24 Q4 FY25 Net Sales $ 4,068 $ 4,749 Operating Income $ 651 $ 916 Operating Margin 16.0% 19.3% Acquisition-Related Charges 5 10 Restructuring & Other Charges, Net 99 17 Adjusted Operating Income $ 755 $ 943 Adjusted Operating Margin
Slide 8: Fiscal 2025 Financial Performance
Fiscal 2025 Financial Performance SALES ADJUSTED OPERATING MARGIN $ in Billions Reported sales 80bps of up 9% Y/Y margin 19.7% expansion $17.3 18.9% $15.8 Organic sales up 6% Y/Y FY24 FY25 FY24 FY25 ADJUSTED EPS FREE CASH FLOW $ in Billions Up 14% Y/Y Up 16% Y/Y $8.76 $2.8 $3.2 $7.56 FY24 FY25 FY24
Slide 9: Additional Information
Additional Information EVERY CONNECTION COUNTS
Slide 10: Y/Y Q4 2025 Sales and Adjusted EPS
Y/Y Q4 2025 Sales Adjusted EPS (in millions) Q4 2024 Results $4,068 $1.95 Operational Performance 600 0.45 FX Impact 81 0.03 Tax Rate Impact - 0.01 Q4 2025 Results $4,749 $2.44 10 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.
Slide 11: Y/Y FY 2025 Sales and Adjusted EPS
Y/Y FY 2025 Sales Adjusted EPS (in millions) 2024 Results $15,845 $7.56 Operational Performance 1,366 1.20 FX Impact 51 0.10 Tax Rate Impact - (0.10) 2025 Results $17,262 $8.76 11 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.
Slide 12: Y/Y Q1 2026 Sales and Adjusted EPS
Y/Y Q1 2026 Sales Adjusted EPS (in millions) Q1 2025 Results $3,836 $2.051 Operational Performance 551 0.43 FX Impact 113 0.02 Tax Rate Impact - 0.03 Q1 2026 Guidance $4,500 $2.532 (1) Recast to conform to non-GAAP financial measures effective for fiscal 2026 (2) Adjusted EPS outlook for the first q
Slide 13: Balance Sheet and Cash Flow Summary
Balance Sheet and Cash Flow Summary Free Cash Flow and Working Capital Liquidity, Cash and Debt ($ in Millions) FY24 FY25 ($ in Millions) FY24 FY25 Cash from Operating Activities $3,477 $4,139 Beginning Cash Balance $1,661 $1,319 Free Cash Flow 2,813 3,214 Capital expenditures, net (664) (925) Divid
Slide 14: 8K Recast Reflecting Amortization Change in Non-GAAP Reporting
8K Recast Reflecting Amortization Change in Non-GAAP Reporting ($ in millions, except per share data) For the Quarters Ended For the Year Ended For the Quarters Ended For the Year Ended December 29, March 29, June 28, September 27, September 27, December 27, March 28, June 27, September 26, Septembe
Slide 15: Appendix
Appendix EVERY CONNECTION COUNTS
Slide 16: 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 17: Non-GAAP Financial Measures (cont.)
Non-GAAP Financial Measures (cont.) Adjusted Earnings Per Share – represents diluted earnings cash impact of special items, if any, minus net capital per share from continuing operations (the most comparable expenditures. Voluntary pension contributions are excluded GAAP financial measure) before
Slide 18: Segment Summary
Segment Summary For the Q uarte rs Ende d For the Ye ars Ende d Se pte mbe r 26, Se pte mbe r 27, Se pte mbe r 26, Se pte mbe r 27, 2025 2024 2025 2024 ($ in millions) Ne t Sale s Ne t Sale s Ne t Sale s Ne t Sale s Transportation Solutions $ 2,413 $ 2,330 $ 9,388 $ 9,481 Industrial Solutions 2,336
Slide 19: Reconciliation of Net Sales Growth
Reconciliation of Net Sales Growth Change in Ne t Sale s for the Q uarte r Ende d Se pte mbe r 26, 2025 ve rsus Ne t Sale s for the Q uarte r Ende d Se pte mbe r 27, 2024 Ne t Sale s O rganic Ne t Sale s Growth (De cline ) Growth (De cline ) (1) Translation (2) Acquisitions ($ in millions) Transport
Slide 20: Reconciliation of Non-GAAP Measures, 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 Adjuste d (1) (1) (2) U.S. GAAP Charge s Charge s, Ne t Tax Ite ms (Non-GAAP) (3) ($ in millions, e xce pt pe r share data)
Slide 21: Reconciliation of Non-GAAP Measures, Quarter Ended September 27, 2024
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 27, 2024 Adjustme nts Acquisition- Re structuring Re late d and O the r Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions, e xce pt pe r share data)
Slide 22: Reconciliation of Non-GAAP Measures, 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 Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions, e xce pt pe r share data) Op
Slide 23: Reconciliation of Non-GAAP Measures, Year Ended September 27, 2024
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 27, 2024 Adjustme nts Acquisition- Re structuring Re late d and O the r Adjuste d (1) (1) (2) U.S. GAAP Charge s Charge s, Ne t Tax Ite ms (Non-GAAP) (3) ($ in millions, e xce pt pe r share data) Op
Slide 24: Reconciliation of Non-GAAP Measures, 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 Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) (Non-GAAP) (2) ($ in millions, e xce pt pe r share data) Operating income: T
Slide 25: Reconciliation of Non-GAAP Measures, Quarter Ended June 28, 2024
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 28, 2024 Adjustme nts Acquisition- Re structuring Re late d and O the r Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) (Non-GAAP) (2) ($ in millions, e xce pt pe r share data) Operating income: T
Slide 26: Reconciliation of Non-GAAP Measures, Quarter Ended March 28, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended March 28, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions, e xce pt pe r share data) Ope
Slide 27: Reconciliation of Non-GAAP Measures, Quarter Ended March 29, 2024
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended March 29, 2024 Adjustme nts Acquisition- Re structuring Re late d and O the r Adjuste d (1) (1) U.S. GAAP Charge s Charge s, Ne t (Non-GAAP) (2) ($ in millions, e xce pt pe r share data) Operating income:
Slide 28: Reconciliation of Non-GAAP Measures, Quarter Ended December 27, 2024
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended December 27, 2024 Adjustme nts Acquisition- Re structuring Re late d and O the r Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions, e xce pt pe r share data)
Slide 29: Reconciliation of Non-GAAP Measures, Quarter Ended December 29, 2023
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended December 29, 2023 Adjustme nts Acquisition- Re structuring Re late d and O the r Adjuste d (1) (1) (2) U.S. GAAP Charge s Charge s, Ne t Tax Ite ms (Non-GAAP) (3) ($ in millions, e xce pt pe r share data)
Slide 30: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin For the Q uarte rs Ende d Se pte mbe r 26, Se pte mbe r 27, 2025 2024 ($ in millions) Net income $ 663 $ 276 Loss from discontinued operations 1 — Income tax expense 233 381 Other expense, net 11 5 Interest expense 29 15 Interest income (2
Slide 31: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow For the Q uarte rs Ende d For the Ye ars Ende d Se pte mbe r 26, Se pte mbe r 27, Se pte mbe r 26, Se pte mbe r 27, 2025 2024 2025 2024 (in millions) Net cash provided by operating activities $ 1,421 $ 1,042 $ 4,139 $ 3,477 Net cash used in investing activities (270)
Slide 32: Free Cash Flow Conversion
Free Cash Flow Conversion For the Ye ars Ende d Se pte mbe r 26, Se pte mbe r 27, 2025 2024 ($ in millions) Free cash flow (1) $ 3,214 $ 2,813 Adjusted income from continuing operations (1) $ 2,619 $ 2,337 Free cash flow conversion (1) 122.7 % 120.4 % (1) See description of non-GAAP financial measur
Slide 33: 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 De ce mbe r 26, O utlook for 2025 (1) Fiscal 2026 (1) Diluted earnings per share from continuing operations $ 2.33 Acquisition-related charges 0.02 Restructuring and
Slide 34: Recast Appendix
Recast Appendix Reflects Non-GAAP Financial Measures Effective for Fiscal 2026 EVERY CONNECTION COUNTS
Slide 35: Non-GAAP Financial Measures Effective for Fiscal 2026
Non-GAAP Financial Measures Effective for Fiscal 2026 We present non-GAAP performance and liquidity measures as Adjusted Operating Income and Adjusted Operating Adjusted Income from Continuing Operations – we believe it is appropriate for investors to consider adjusted Margin – represent operati
Slide 36: Recast Reconciliation, Quarter Ended December 29, 2023
Recast Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended December 29, 2023 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d (1) (1) (1) (2) U.S. GAAP Charge s Charge s, Ne t Expe nse Tax Ite ms (Non-GAAP) (3) ($ in mi
Slide 37: Recast Reconciliation, Quarter Ended March 29, 2024
Recast Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended March 29, 2024 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 p
Slide 38: Recast Reconciliation, Quarter Ended June 28, 2024
Recast Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended June 28, 2024 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d (1) (1) (1) U.S. GAAP Charge s Charge s, Ne t Expe nse (Non-GAAP) (2) ($ in millions, e xce pt pe
Slide 39: Recast Reconciliation, Quarter Ended September 27, 2024
Recast Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 27, 2024 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 m
Slide 40: Recast Reconciliation, Quarter Ended December 27, 2024
Recast Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended December 27, 2024 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 mi
Slide 41: Recast Reconciliation, Quarter Ended March 28, 2025
Recast Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended March 28, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d (1) (1) (1) (2) U.S. GAAP Charge s Charge s, Ne t Expe nse Tax Ite ms (Non-GAAP) (3) ($ in milli
Slide 42: Recast Reconciliation, Quarter Ended June 27, 2025
Recast 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
Slide 43: Recast Reconciliation, Quarter Ended September 26, 2025
Recast 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 m
Slide 44: Recast Reconciliation, Year Ended September 27, 2024
Recast Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 27, 2024 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d (1) (1) (1) (2) U.S. GAAP Charge s Charge s, Ne t Expe nse Tax Ite ms (Non-GAAP) (3) ($ in mill
Slide 45: Recast Reconciliation, Year Ended September 26, 2025
Recast 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 (1) (1) (1) (2) U.S. GAAP Charge s Charge s, Ne t Expe nse Tax Ite ms (Non-GAAP) (3) ($ in mill