Sensata Technologies Holding Plc · NYSE:ST
Sensata Technologies — Q1 2026 Earnings Presentation
30 slides from Sensata Technologies's earnings presentation, Apr 28, 2026
Slide 1: Sensata First Quarter 2026 Earnings Presentation
Sensata First Quarter 2026 Earnings Presentation April 28, 2026 1 | SENSATA Q1 2026 EARNINGS PRESENTATION
Slide 2: Forward-Looking Statements and Non-GAAP Measures
Forward-Looking Statements and Non-GAAP Measures Safe Harbor Statement This presentation includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as "may," "will," "could,"
Slide 3: Sensata's value creation journey is just beginning
Sensata’s value creation journey is just beginning Significant value creation upside remains... and we are still in the early stages of our journey 2025 2026 Future A Strong Foundation Accelerating Growth Market Leadership • Transformation launched, • Reorganized into 3 distinct • Establish product
Slide 4: Q1 2026 results reflect the sustainable momentum of our business transformation
Q1 2026 results reflect the sustainable momentum of our business transformation “Our first quarter results, which met or exceeded our expectations across all of our key metrics, provide more proof Operational Excellence: We delivered results at points for the momentum we are the high end of our guid
Slide 5: Segment Highlights – Q1 '26
Segment Highlights – Q1 ‘26 Organic growth in all three segments; future pipeline strengthening Aerospace, Defense, and Automotive Industrials Commercial Equipment 1% organic revenue growth Y/Y; 1% organic revenue growth Y/Y; 17% organic growth Y/Y; both A&D and CE ~4% market outgrowth 5th consecuti
Slide 6: Expanding Sensata's content in data centers
Expanding Sensata’s content in data centers Industry shifting to high voltage DC and liquid cooling due to rising rack density requirements Air Cooled Data Center Liquid Cooled Data Center Today’s solution for low voltage AC Future solution for high voltage DC electrical architectures power systems
Slide 7: Q1 2026 Financials and Q2 2026 Financial Guide
Q1 2026 FINANCIALS AND Q2 2026 FINANCIAL GUIDE
Slide 8: Q1 2026 Results
Q1 2026 Results $935M 18.6% $0.86 $105M Revenue Adj. Op. Adj. EPS Free Cash Margin Flow At high end of guidance At high end of guidance +$0.01 above high end of 83% Conversion guidance +3% growth and +4% organic +30 bps margin expansion Y/Y Increased 8 cents Y/Y on +21% Y/Y from $87M in Q1 '25, grow
Slide 9: Q1 '26 Free Cash Flow extends momentum from record FY 2025 result
Q1 ’26 Free Cash Flow extends momentum from record FY 2025 result Record Q1 FCF of $105M exceeded expectations as conversion increased by 9 ppts. Y/Y Historical Free Cash Flow Conversion1,2 $356 $391 $413 $461 $458 $410 $311 $272 $393 $490 Period Q1 Q2 Q3 Q4 FY24 48% 71% 68% 125% FY25 74% 91% 105% 1
Slide 10: Q1 2026 Capital Allocation
Q1 2026 Capital Allocation 2.65x 10.8% $0.12 $25M Net leverage ROIC Dividend Share ratio* per share repurchase Reduced ~0.4x from 3.06x Increased ~70 bps Y/Y Sustaining Dividend Offsets Share-based prior year Vs. Q1 2025 Compensation Reduced from 2.74x as of ROIC has expanded steadily Returned $17.5
Slide 11: Q1 2026 Segment Performance
Q1 2026 Segment Performance Revenue Growth Organic revenue growth in Segment $ in millions Q1-2026 Q1-2025 Y/Y B/(W) Reported Organic all segments Y/Y Net Revenue $524.8 $528.9 $(4.1) (0.8) % 0.7 % Automotive outgrew market Automotive Operating Income $123.2 $120.3 $2.9 production by approximately %
Slide 12: Segment and End Market Overview
Segment and End Market Overview Our growth initiatives are delivering results with organic growth in all three segments in Q1 2026 Automotive Aerospace, Defense, and Industrials Commercial Equipment +1% organic growth in Q1 2026 +1% organic growth in Q1 2026 +17% organic growth in Q1 2026 Diverse pr
Slide 13: Q2 2026 Financial Guidance
Q2 2026 Financial Guidance Revenue expected to grow 1%- $ in millions, except EPS Q2-26 GUIDANCE Q2-25 B/(W) 4%; third consecutive quarter of Y/Y growth Revenue $950 – $980 $943 1%–4% Adjusted Operating Income Adj. Op Income $182 – $190 $179 2%–6% expected to grow on higher Adj. Operating Margin 19.
Slide 14: Appendix A: Other Financial Information
APPENDIX A: OTHER FINANCIAL INFORMATION
Slide 15: Q1 2026 GAAP Results
Q1 2026 GAAP Results $ and shares outstanding in millions, except EPS Q1-2026 Q1-2025 B/(W) Revenue $934.8 $911.3 2.6 % Gross Profit $286.3 $272.6 5.0 % (% of revenue) 30.6 % 29.9 % R&D $31.9 $36.8 13.4 % (% of revenue) 3.4 % 4.0 % SG&A $93.4 $86.0 (8.6) % (% of revenue) 10.0 % 9.4 % Amortization of
Slide 16: Q1 2026 Non-GAAP Results
Q1 2026 Non-GAAP Results $ and shares outstanding in millions, except EPS Q1-2026 Q1-2025 B/(W) Revenue $934.8 $911.3 2.6 % Adj. Gross Profit $292.8 $278.2 5.3 % % Revenue 31.3 % 30.5 % R&D $31.9 $36.8 13.4 % % Revenue 3.4 % 4.0 % Adj. SG&A $86.9 $74.9 (16.1) % % Revenue 9.3 % 8.2 % Adj. Operating I
Slide 17: Q1 2026 Select Cash Flow Information
Q1 2026 Select Cash Flow Information $ in millions Q1-2026 Q1-2025 B/(W) Net income $87.1 $69.9 24.6 % Depreciation & Amortization $49.8 $61.5 (19.1) % Changes in Working Capital ($34.1) ($22.7) (50.2) % Other $19.8 $10.5 88.6 % Operating Cash Flow $122.5 $119.2 2.8 % Capital Expenditures ($17.9) ($
Slide 18: Select Balance Sheet Information
Select Balance Sheet Information $ in millions MAR 31, 2026 DEC 31, 2025 Total Assets $6,815.0 $6,751.7 Working Capital $1,328.0 $1,219.2 Intangibles, Net & Other Long-Term Assets $4,728.5 $4,757.4 $ in millions MAR 31, 2026 DEC 31, 2025 Gross Debt $2,866.9 $2,867.2 Less: Cash and cash equivalents $
Slide 19: End Market Revenue
End Market Revenue $ in millions Revenue by End Market Q1-2026 Q1-2025 Change Automotive $524.8 $528.9 (0.8) % Industrials (1) $184.2 $185.7 (0.8) % Commercial Equipment (2) $173.8 $149.5 16.3 % Aerospace and Defense $52.0 $47.2 10.1 % Total $934.8 $911.3 2.6 % (1) Includes HVAC, appliance and other
Slide 20: Appendix B: GAAP to Non-GAAP Reconciliations
APPENDIX B: GAAP TO NON-GAAP RECONCILIATIONS
Slide 21: Non-GAAP Measures
Non-GAAP Measures We supplement the reporting of our financial information determined in accordance with U.S. generally accepted accounting principles (“GAAP”) with certain non-GAAP financial measures. We use these non-GAAP financial measures internally to make operating and strategic decisions, inc
Slide 22: Non-GAAP Measures – continued
Non-GAAP Measures – continued Free Cash Flow – is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software. Free cash flow conversion is defined as Free cash flow divided by Adjusted net income. We believe free cash flow is useful
Slide 23: Adjusted EBITDA
Adjusted EBITDA $ in millions Period Total Sensata LTM Q1-2026 Q4-2025 Q3-2025 Q2-2025 Q1-2025 Net income/(loss) $ 48.5 $ 87.1 $ 63.2 $ (162.5) $ 60.7 $ 69.9 Interest expense, net 126.5 30.2 30.7 32.4 33.2 33.7 Provision for income taxes 99.7 28.4 12.1 14.1 45.1 20.7 Depreciation expense 169.3 34.0
Slide 24: Organic Revenue Growth
Organic Revenue Growth Q1-2026 Constant Less: Acquisition Reported % Less: FX Impact Currency % & Divestitures, Organic Growth Change Change net Automotive (0.8) % 2.5 % (3.3) % (4.0) % 0.7 % Industrials (0.8) % 1.5 % (2.3) % (3.0) % 0.7 % Aerospace, Defense, and Commercial Equipment 14.8 % 1.8 % 13
Slide 25: Free Cash Flow
Free Cash Flow $ in millions Q1 Total Sensata 2026 2025 Change Net cash provided by operating activities $ 122.5 $ 119.2 2.8 % Additions to property, plant and equipment and capitalized software (17.9) (32.6) 45.0 % Free cash flow $ 104.6 $ 86.6 20.7 % 25 | SENSATA Q1 2026 EARNINGS PRESENTATION
Slide 26: Debt and Leverage Ratio (Gross and Net)
Debt and Leverage Ratio (Gross and Net) $ in millions As of Total Sensata 3/31/2026 12/31/2025 9/30/2025 6/30/2025 3/31/2025 Current portion of long-term debt and finance lease obligations $ 2.4 $ 2.3 $ 2.2 $ 2.2 $ 2.1 Finance lease obligations, less current portion 18.5 18.9 19.6 20.0 20.6 Long-ter
Slide 27: Adjusted Taxes and Adjusted Tax Rate
Adjusted Taxes and Adjusted Tax Rate $ in millions Q1 Total Sensata 2026 2025 Provision for income taxes $ 28.4 $ 20.7 Non-GAAP adjustments: Deferred income tax and other tax expense 9.9 2.2 Current tax effect of non-GAAP adjustments (0.9) 1.1 Adjusted taxes $ 19.4 $ 17.4 Adjusted income before taxe
Slide 28: Adjusted Corporate and Other Expenses
Adjusted Corporate and Other Expenses $ in millions Q1 Total Sensata 2026 2025 Corporate and other expenses $ (75.7) $ (69.2) Non-GAAP adjustments: Restructuring related and other 12.9 15.8 Financing and other transaction costs 0.1 1.0 Total adjustments 13.0 16.8 Adjusted corporate and other expense
Slide 29: Other GAAP to Non-GAAP Reconciliations
Other GAAP to non-GAAP Reconciliations $ in millions (except EPS amounts) Q1-2026 Q1-2025 Operating Operating Operating Operating Total Sensata Net Income EPS Net Income EPS Income Margin Income Margin Reported (GAAP) $ 141.6 15.2 % $ 87.1 $ 0.59 $ 122.2 13.4 % $ 69.9 $ 0.47 Non-GAAP adjustments: Re
Slide 30: Thank You
Thank You Technologios