Slide 1: TE Connectivity Third Quarter 2025 Earnings
TE Connectivity Third Quarter 2025 Earnings July 23, 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 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 Exceeded Guidance with Double Digit Increases in Sales and Adjusted EPS Sales of $4.53B, increasing 14% reported and 9% organically Y/Y, with growth driven primarily by the Industrial Segment Orders of $4.5B, up both Y/Y and sequentially Adjusted Operating Margins of ~20
Slide 4: Segment Orders Summary
Segment Orders Summary ($ in millions) FY24 FY25 FY25 Q3 Growth Reported Q3 Q2 Q3 Y/Y Q/Q Transportation segment orders increased Y/Y Transportation 2,212 2,315 2,316 5% 0% driven by growth in Asia, offset by declines in Europe and North America Industrial 1,920 1,931 2,156 12% 12% Industrial se
Slide 5: Transportation Solutions
Transportation Solutions $ in Millions Automotive Q3 SALES Q3 BUSINESS PERFORMANCE Sales increase driven by content growth in Asia, partially offset by declines in Western regions Reported Y/Y Growth Rates Reported Organic Up 3% Commercial Transportation $2,351 $2,418 Automotive $1,805 3% 2% Gro
Slide 6: Industrial Solutions
Industrial Solutions $ in Millions Digital Data Networks Strong growth driven by Q3 SALES Q3 BUSINESS PERFORMANCE momentum in AI applications across multiple customers Reported Y/Y Growth Reported Organic Automation & Connected Living Up 30% Rates Organic growth driven by Asia and Digital Data $
Slide 7: Q3 Financial Summary
Q3 Financial Summary ($ in Millions, except per share amounts) Q3 FY24 Q3 FY25 Net Sales $ 3,979 $ 4,534 Operating Income $ 755 $ 857 Operating Margin 19.0% 18.9% Acquisition-Related Charges 5 30 Restructuring & Other Charges, Net 6 14 Adjusted Operating Income $ 766 $ 901 Adjusted Operating Margin
Slide 8: Q3 Financial Performance
Q3 Financial Performance SALES ADJUSTED OPERATING MARGIN $ in Billions Reported sales 60bps of up 14% Y/Y margin expansion $4.5 19.9% $4.0 19.3% Organic sales up 9% Y/Y Q3 2024 Q3 2025 Q3 2024 Q3 2025 ADJUSTED EPS FREE CASH FLOW $ in Billions Record YTD Up 19% Y/Y FCF $2.27 $2.0 $2.1 $1.91 Q3 2024 Q
Slide 9: Additional Information
Additional Information EVERY CONNECTION COUNTS
Slide 10: Y/Y Q3 2025 Sales and Adjusted EPS
Y/Y Q3 2025 Sales Adjusted EPS (in millions) Q3 2024 Results $3,979 $1.91 Operational Performance 487 0.33 FX Impact 68 0.05 Tax Rate Impact - (0.02) Q3 2025 Results $4,534 $2.27 10 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.
Slide 11: 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 371 0.35 FX Impact 111 0.03 Tax Rate Impact - (0.06) Q4 2025 Guidance $4,550 $2.27 11 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.
Slide 12: Q3 Balance Sheet and Cash Flow Summary
Q3 Balance Sheet and Cash Flow Summary Free Cash Flow and Working Capital Liquidity, Cash and Debt ($ in Millions) Q3 2024 Q3 2025 ($ in Millions) Q3 2024 Q3 2025 Cash from Operating Activities $1,006 $1,187 Beginning Cash Balance $1,176 $2,554 Free Cash Flow 867 962 Capital expenditures, net (139)
Slide 13: Appendix
Appendix EVERY CONNECTION COUNTS
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures We present non-GAAP performance and liquidity measures as Organic Net Sales Growth (Decline) – represents net sales Adjusted Income Tax (Expense) Benefit and Adjusted we believe it is appropriate for investors to consider adjusted growth (decline) (the most comparable
Slide 15: Non-GAAP Financial Measures (cont.)
Non-GAAP Financial Measures (cont.) Adjusted Earnings Per Share – represents diluted earnings cash impact of special items, if any, minus net capital per share from continuing operations (the most comparable expenditures. Voluntary pension contributions are excluded GAAP financial measure) before
Slide 16: Segment Summary
Segment Summary For the Q uarte rs Ende d For the Nine Months Ende d June 27, June 28, June 27, June 28, 2025 2024 2025 2024 ($ in millions) Ne t Sale s Ne t Sale s Ne t Sale s Ne t Sale s Transportation Solutions $ 2,418 $ 2,351 $ 6,975 $ 7,151 Industrial Solutions 2,116 1,628 5,538 4,626 Total $ 4
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 27, 2025 ve rsus Ne t Sale s for the Q uarte r Ende d June 28, 2024 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 Financial Measures to GAAP Financial Measures
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 19: Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures
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 20: Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures
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 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 21: Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Nine Months 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) Tax Ite ms (2) (Non-GAAP) (3) ($ in millions, e xce pt pe r share data)
Slide 22: Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures
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 23: Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures
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 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 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 27, June 28, 2025 2024 ($ in millions) Net income $ 638 $ 573 Income tax expense 208 181 Other expense, net — 3 Interest expense 28 18 Interest income (17) (20) Operating income 857 755 Acquisition-related ch
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 27, June 28, June 27, June 28, 2025 2024 2025 2024 (in millions) Net cash provided by operating activities $ 1,187 $ 1,006 $ 2,718 $ 2,435 Net cash used in investing activities (2,537) (117) (3,298) (744) Net
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 26, O utlook for (1) 2025 Fiscal 2025 (1) Diluted earnings per share from continuing operations $ 2.18 $ 6.12 Restructuring and other charges, net 0.05