Slide 1: TE Connectivity First Quarter 2026 Earnings
TE Connectivity First Quarter 2026 Earnings January 21, 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 Q1 Results Exceeded Guidance with an Increase of 22% in Sales and 33% in Adjusted EPS Y/Y Sales of $4.7B, increased 22% reported and 15% on an organic basis Y/Y Reported Sales growth in both segments Y/Y Record Orders of $5.1B, increased 28% Y/Y and 9% sequentially; book to
Slide 4: Segment Orders Summary
Segment Orders Summary ($ in millions) FY25 FY25 FY26 Q1 Growth Reported Q1 Q4 Q1 Y/Y Q/Q Industrial segment orders reflect ongoing Industrial 1,860 2,254 2,734 47% 21% momentum in DDN, Energy, and AD&M; orders indicating market recovery in ACL Transportation 2,151 2,428 2,386 11% (2)% Transport
Slide 5: Industrial Solutions
Industrial Solutions $ in Millions Digital Data Networks Strong growth driven by Q1 SALES Q1 BUSINESS PERFORMANCE momentum in AI applications Reported Y/Y Growth Automation & Connected Living Reported Organic Growth across all regions with Up 38% Rates improvement in Factory Automation Digital D
Slide 6: Transportation Solutions
Transportation Solutions $ in Millions Automotive Q1 SALES Q1 BUSINESS PERFORMANCE Sales increase driven by content growth in Asia and Europe Reported Y/Y Growth Rates Reported Organic Commercial Transportation Up 10% Sales growth driven by Asia and $2,467 Automotive $1,885 10% 7% Europe $2,243
Slide 7: Q1 Financial Summary
Q1 Financial Summary ($ in Millions, except per share amounts) Q1 FY25 Q1 FY26 Net Sales $ 3,836 $ 4,669 Operating Income $ 690 $ 963 Operating Margin 18.0% 20.6% Acquisition-Related Charges 5 6 Restructuring & Other Charges, Net 50 10 Amortization Expense 39 57 Adjusted Operating Income $ 784 $ 1,0
Slide 8: Q1 Financial Performance
Q1 Financial Performance SALES ADJUSTED OPERATING MARGIN $ in Billions Reported sales 180bps of up 22% Y/Y margin 22.2% expansion $4.7 20.4% $3.8 Organic sales up 15% Y/Y Q1 2025 Q1 2026 Q1 2025 Q1 2026 ADJUSTED EPS FREE CASH FLOW $ in Millions Continued Up 33% Y/Y strong cash generation $2.72 $674
Slide 9: Additional Information
Additional Information EVERY CONNECTION COUNTS
Slide 10: Y/Y Q1 2026 Sales and Adjusted EPS
Y/Y Q1 2026 Sales Adjusted EPS (in millions) Q1 2025 Results $3,836 $2.05 Operational Performance 729 0.61 FX Impact 104 0.03 Tax Rate Impact - 0.03 Q1 2026 Results $4,669 $2.72 10 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.
Slide 11: Y/Y Q2 2026 Sales and Adjusted EPS
Y/Y Q2 2026 Sales Adjusted EPS (in millions) Q2 2025 Results $4,143 $2.21 Operational Performance 377 0.39 FX Impact 180 0.05 Tax Rate Impact - - Q1 2026 Guidance $4,700 $2.65 11 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.
Slide 12: Balance Sheet and Cash Flow Summary
Balance Sheet and Cash Flow Summary Free Cash Flow and Working Capital Liquidity, Cash and Debt ($ in Millions) Q1 2025 Q1 2026 ($ in Millions) Q1 2025 Q1 2026 Cash from Operating Activities $878 $865 Beginning Cash Balance $1,319 $1,255 Free Cash Flow 674 608 Capital expenditures, net (204) (257) D
Slide 13: Appendix
Appendix EVERY CONNECTION COUNTS
Slide 14: Non-GAAP Financial Measures
Non-GAAP Financial Measures We present non-GAAP performance and liquidity measures as Organic Net Sales Growth (Decline) – represents net sales we believe it is appropriate for investors to consider adjusted growth (decline) (the most comparable GAAP financial financial measures in addition to res
Slide 15: Non-GAAP Financial Measures (cont.)
Non-GAAP Financial Measures (cont.) Adjusted Earnings Per Share – represents diluted earnings activities excluding voluntary pension contributions and the per share from continuing operations (the most comparable cash impact of special items, if any, minus net capital GAAP financial measure) befor
Slide 16: Segment Summary
Segment Summary For the Q uarte rs Ende d De ce mbe r 26, De ce mbe r 27, 2025 2024 ($ in millions) Ne t Sale s Ne t Sale s Transportation Solutions $ 2,467 $ 2,243 Industrial Solutions 2,202 1,593 Total $ 4,669 $ 3,836 O pe rating O pe rating O pe rating O pe rating Income Margin Income Margin Tran
Slide 17: Reconciliation of Net Sales Growth
Reconciliation of Net Sales Growth Change in Net Sales for the Q uarter Ended December 26, 2025 versus Net Sales for the Q uarter Ended December 27, 2024 Net Sales O rganic Net Sales Growth Growth (Decline) (1) Translation (2) Acquisitions ($ in millions) Transportation Solutions: Automotive $ 163 9
Slide 18: Reconciliation of Non-GAAP Financial Measures to GAAP, Quarter Ended December 26, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended December 26, 2025 Adjustments Acquisition- Restructuring Related and O ther Amortization Adjusted (1) (1) (1) U.S. GAAP Charges Charges, Net Expense (Non-GAAP) (2) ($ in millions, except per share data) Op
Slide 19: Reconciliation of Non-GAAP Financial Measures to GAAP, 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 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 20: Reconciliation of Non-GAAP Financial Measures to GAAP, 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 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 millions, e x
Slide 21: Reconciliation of Non-GAAP Financial Measures to GAAP, 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 (1) (1) (1) (2) U.S. GAAP Charge s Charge s, Ne t Expe nse Tax Ite ms (Non-GAAP) (3) ($ in millions, e
Slide 22: Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin
Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin For the Q uarte rs Ende d De ce mbe r 26, De ce mbe r 27, 2025 2024 ($ in millions) Net income $ 750 $ 528 Loss from discontinued operations 1 — Income tax expense 210 178 Other (income) expense, net (3) 1 Interest expense 30 6 Interest in
Slide 23: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow For the Q uarte rs Ende d De ce mbe r 26, De ce mbe r 27, 2025 2024 (in millions) Net cash provided by operating activities $ 865 $ 878 Net cash used in investing activities (254) (537) Net cash used in financing activities (616) (395) Effect of currency translation
Slide 24: 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 March 27, O utlook for 2026 (1) Fiscal 2026 (1) Diluted earnings per share from continuing operations $ 2.26 Acquisition-related charges 0.01 Restructuring and other