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Form 8-K

sec.gov

8-K — TE Connectivity plc

Accession: 0001104659-26-085589

Filed: 2026-07-22

Period: 2026-07-22

CIK: 0001385157

SIC: 5065 (WHOLESALE-ELECTRONIC PARTS & EQUIPMENT, NEC)

Item: Results of Operations and Financial Condition

Item: Regulation FD Disclosure

Item: Financial Statements and Exhibits

Documents

8-K — tel-20260722x8k.htm (Primary)

EX-99.1 (tel-20260722xex99d1.htm)

EX-99.2 (tel-20260722xex99d2.htm)

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8-K

8-K (Primary)

Filename: tel-20260722x8k.htm · Sequence: 1

TE CONNECTIVITY PLC_ July 22, 2026

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 22, 2026

TE CONNECTIVITY PLC

(Exact name of registrant as specified in its charter)

Ireland

98-1779916

(Jurisdiction of Incorporation)

(IRS Employer Identification Number)

001-33260

(Commission File Number)

Parkmore Business Park West

Parkmore, Ballybrit

Galway, H91VN2T, Ireland

(Address of Principal Executive Offices, including Zip Code)

+353 91 378 040

(Registrant’s telephone number, including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading symbol

Name of each exchange on which registered

Ordinary Shares, Par Value $0.01

TEL

New York Stock Exchange

2.50% Senior Notes due 2028*

TEL/28

New York Stock Exchange

0.00% Senior Notes due 2029*

TEL/29

New York Stock Exchange

3.25% Senior Notes due 2033*

TEL/33

New York Stock Exchange

*Issued by Tyco Electronics Group S.A., an indirect wholly-owned subsidiary of TE Connectivity plc

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

Item 2.02. Results of Operations and Financial Condition

On July 22, 2026, TE Connectivity plc (the “Company”) issued a press release reporting the Company’s third quarter results for fiscal 2026. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference in this Item 2.02.

Item 7.01. Regulation FD Disclosure

The Company will hold a conference call and webcast on July 22, 2026 (see information in the press release attached hereto as Exhibit 99.1 under “Conference Call and Webcast”). A copy of the slide materials to be discussed at the conference call and webcast is being furnished pursuant to Regulation FD as Exhibit 99.2 and is incorporated herein by reference, and the slide materials also can be accessed at the “Investors” section of the Company’s website (www.te.com).

Item 9.01.  Financial Statements and Exhibits

(d)       Exhibits

Exhibit

No.

Description

99.1

Press release issued July 22, 2026

99.2

Presentation - TE Connectivity Q3 2026 Earnings Call (July 22, 2026)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: July 22, 2026

TE CONNECTIVITY PLC

By:

/s/ Heath A. Mitts

Heath A. Mitts

Executive Vice President and Chief Financial Officer

EX-99.1

EX-99.1

Filename: tel-20260722xex99d1.htm · Sequence: 2

News Release

Exhibit 99.1

NEWS RELEASE

te.com

TE Connectivity delivers results above guidance with 14% sales growth and 19% EPS growth

in third quarter of fiscal 2026

Fourth quarter guidance reflects another quarter of double-digit sales and EPS growth

GALWAY, Ireland – July 22, 2026 – TE Connectivity plc (NYSE: TEL) today reported results for the fiscal third quarter ended June 26, 2026.

Third Quarter Highlights

●Net sales were a record $5.16 billion, an increase of 14% on a reported basis and 12% organically year over year, driven by growth in both the Industrial and Transportation segments.

●GAAP diluted earnings per share (EPS) from continuing operations was $2.55, an increase of 19% year over year. Adjusted EPS was a record $2.94, an increase of 22% year over year.

●GAAP operating margin was 19%, an increase of 10 basis points year over year. Adjusted operating margin expanded by 90 basis points year over year to 22%, driven by strong operational performance.

●Record orders in both segments totaling $5.7 billion, an increase of 27% year over year with double-digit order growth in all businesses.

●Cash flow from operating activities was $1.2 billion for the quarter and $3.0 billion year to date. Free cash flow was $883 million for the quarter and $2.2 billion year to date.

●Returned $2.0 billion to shareholders year to date.

●Entered agreement to acquire Astrodyne TDI, expanding TE’s power portfolio in the Industrial segment.

“Our teams delivered record third quarter results above guidance, with strong growth performance in both segments, as we continued to capitalize on customer demand for our innovative interconnect technologies,”

said CEO Terrence Curtin. “Our Industrial team delivered sales growth of over 20 percent, while Transportation increased sales by five percent organically by growing content with customers and

outperforming end markets. Orders in the third quarter increased by more than $1 billion year over year to $5.7 billion, reinforcing broad growth across the portfolio and increased momentum in AI in both the data center and across the broader energy infrastructure. Our strong margin performance continues to reflect our resiliency while also investing for growth. We also continue to deliver on our cash generation model, with strong capital returns for shareholders.

“We are significantly outperforming our business model outlined during our Investor Day, setting us up for double-digit increases in sales and EPS for fiscal 2026 as well as strong growth and operating momentum as we head towards 2027.”

Fourth Quarter FY26 Outlook

For the fourth quarter of fiscal 2026, the company expects sales of approximately $5.25 billion, an increase of 11% year over year on both a reported and organic basis. Adjusted EPS is expected to be approximately $3.05, an increase of 18% year over year. GAAP EPS from continuing operations is expected to be approximately $2.84, an increase of 27% year over year.

Information about TE Connectivity's use of non-GAAP financial measures is provided below. For reconciliations of these non-GAAP financial measures, see the attached tables.

TE Connectivity to Acquire Astrodyne TDI

TE also announced today it has entered into a definitive agreement to acquire Astrodyne TDI, a leading provider of advanced power management and filtering solutions for mission critical industrial applications, from Tinicum L.P. The acquired company is expected to contribute annual sales of more than $250 million and will be reported as part of the Industrial Solutions segment. The transaction, at an approximate purchase price of $1.4 billion, is subject to customary regulatory approvals and closing conditions and is expected to close by the end of this calendar year.

Conference Call and Webcast

The company will hold a conference call for investors today beginning at 8:30 a.m. ET. The conference call may be accessed in the following ways:

● At TE Connectivity’s website: investors.te.com

● By telephone: For both “listen-only” participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in the United States is (833) 461-5787 and for international callers, the dial-in number is (585) 542-9983; meeting ID: 628904516.

● A replay of the conference call will be available on TE Connectivity’s investor website at investors.te.com at 11:30 a.m. ET on July 22.

About TE Connectivity

TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Instagram.

Non-GAAP Financial Measures

We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies.

The following provides additional information regarding our non-GAAP financial measures:

•Organic Net Sales Growth (Decline) – represents net sales growth (decline) (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management’s control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. This measure is a significant component in our incentive compensation plans.

•Adjusted Operating Income and Adjusted Operating Margin – represent operating income and operating margin, respectively, (the most comparable GAAP financial measures) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, and other income or charges, if any. We utilize these adjusted measures in combination with operating income and operating margin to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted Operating Income is a significant component in our incentive compensation plans.

•Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any.

•Adjusted Income from Continuing Operations – represents income from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects.

•Adjusted Earnings Per Share – represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.

•Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by operating activities (the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment.

These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of Free Cash Flow.

Forward-Looking Statements

This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of business interruptions negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate, including continuing military conflict in certain parts of the world; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TE Connectivity plc’s Annual Report on Form 10-K for the fiscal year ended Sept 26, 2025, as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.

ric Mangan

08-783-6629

@te.com

Contacts:

Media Relations:

Eric Mangan

TE Connectivity

908-783-6629

Eric.Mangan@te.com

Investor Relations:

Sujal Shah

TE Connectivity

610-893-9790

Sujal.Shah@te.com

# # #

TE CONNECTIVITY PLC

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

For the Quarters Ended

For the Nine Months Ended

June 26,

June 27,

June 26,

June 27,

2026

2025

2026

2025

(in millions, except per share data)

Net sales

$

5,160

$

4,534

$

14,573

$

12,513

Cost of sales

3,325

2,934

9,254

8,094

Gross margin

1,835

1,600

5,319

4,419

Selling, general, and administrative expenses

532

491

1,606

1,372

Research, development, and engineering expenses

230

211

692

602

Acquisition and integration costs

9

27

20

41

Restructuring and other charges, net

83

14

103

109

Operating income

981

857

2,898

2,295

Interest income

21

17

67

62

Interest expense

(31)

(28)

(93)

(48)

Other income (expense), net

2

(2)

Income from continuing operations before income taxes

971

846

2,874

2,307

Income tax expense

(223)

(208)

(520)

(1,128)

Income from continuing operations

748

638

2,354

1,179

Loss from discontinued operations, net of income taxes

(1)

Net income

$

748

$

638

$

2,353

$

1,179

Basic earnings per share:

Income from continuing operations

$

2.57

$

2.16

$

8.03

$

3.96

Loss from discontinued operations

Net income

2.57

2.16

8.03

3.96

Diluted earnings per share:

Income from continuing operations

$

2.55

$

2.14

$

7.98

$

3.93

Loss from discontinued operations

Net income

2.55

2.14

7.98

3.93

Weighted-average number of shares outstanding:

Basic

291

296

293

298

Diluted

293

298

295

300

TE CONNECTIVITY PLC

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

June 26,

September 26,

2026

2025

(in millions, except share data)

Assets

Current assets:

Cash and cash equivalents

$

1,239

$

1,255

Accounts receivable, net of allowance for doubtful accounts of $51 and $44, respectively

3,749

3,403

Inventories

3,027

2,699

Prepaid expenses and other current assets

728

609

Total current assets

8,743

7,966

Property, plant, and equipment, net

4,529

4,312

Goodwill

7,403

7,126

Intangible assets, net

2,081

2,227

Deferred income taxes

2,233

2,507

Other assets

1,081

943

Total assets

$

26,070

$

25,081

Liabilities, redeemable noncontrolling interests, and shareholders' equity

Current liabilities:

Short-term debt

$

102

$

852

Accounts payable

2,409

2,021

Accrued and other current liabilities

2,149

2,247

Total current liabilities

4,660

5,120

Long-term debt

5,530

4,842

Long-term pension and postretirement liabilities

737

767

Deferred income taxes

176

198

Income taxes

320

414

Other liabilities

1,254

1,010

Total liabilities

12,677

12,351

Commitments and contingencies

Redeemable noncontrolling interests

147

145

Shareholders' equity:

Preferred shares, $1.00 par value, 2 shares authorized, none outstanding

Ordinary class A shares, €1.00 par value, 25,000 shares authorized, none outstanding

Ordinary shares, $0.01 par value, 1,500,000,000 shares authorized, 296,097,014 and 302,889,075 shares issued, respectively

3

3

Accumulated earnings

14,500

13,932

Ordinary shares held in treasury, at cost, 6,156,342 and 8,330,931 shares, respectively

(1,350)

(1,356)

Accumulated other comprehensive income

93

6

Total shareholders' equity

13,246

12,585

Total liabilities, redeemable noncontrolling interests, and shareholders' equity

$

26,070

$

25,081

TE CONNECTIVITY PLC

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

For the Quarters Ended

For the Nine Months Ended

June 26,

June 27,

June 26,

June 27,

2026

2025

2026

2025

(in millions)

Cash flows from operating activities:

Net income

$

748

$

638

$

2,353

$

1,179

Loss from discontinued operations, net of income taxes

1

Income from continuing operations

748

638

2,354

1,179

Adjustments to reconcile income from continuing operations to net cash provided by operating activities:

Depreciation and amortization

256

216

758

594

Deferred income taxes

102

71

261

772

Non-cash lease cost

40

37

118

106

Provision for losses on accounts receivable and inventories

12

19

61

62

Share-based compensation expense

38

36

130

105

Other

(26)

26

(51)

60

Changes in assets and liabilities, net of the effects of acquisitions and divestitures:

Accounts receivable, net

(296)

(220)

(355)

(391)

Inventories

(34)

(167)

(365)

(299)

Prepaid expenses and other current assets

52

(109)

38

31

Accounts payable

256

152

433

298

Accrued and other current liabilities

24

222

(240)

(76)

Income taxes

(10)

117

(94)

172

Other

23

149

(51)

105

Net cash provided by operating activities

1,185

1,187

2,997

2,718

Cash flows from investing activities:

Capital expenditures

(304)

(230)

(832)

(665)

Proceeds from sale of property, plant, and equipment

2

5

6

7

Acquisition of businesses, net of cash acquired

(2,307)

(200)

(2,628)

Other

(6)

(5)

(6)

(12)

Net cash used in investing activities

(308)

(2,537)

(1,032)

(3,298)

Cash flows from financing activities:

Net increase (decrease) in commercial paper

(1,500)

100

(255)

Proceeds from issuance of debt

1,458

750

2,231

Repayment of debt

(1)

(851)

(580)

Proceeds from exercise of share options

15

42

79

101

Repurchase of ordinary shares

(529)

(301)

(1,348)

(910)

Payment of ordinary share dividends to shareholders

(226)

(212)

(643)

(594)

Other

(9)

(23)

(67)

(56)

Net cash used in financing activities

(749)

(537)

(1,980)

(63)

Effect of currency translation on cash

1

5

(1)

(4)

Net increase (decrease) in cash, cash equivalents, and restricted cash

129

(1,882)

(16)

(647)

Cash, cash equivalents, and restricted cash at beginning of period

1,110

2,554

1,255

1,319

Cash, cash equivalents, and restricted cash at end of period

$

1,239

$

672

$

1,239

$

672

Supplemental cash flow information:

Income taxes paid, net of refunds

$

130

$

20

$

353

$

184

TE CONNECTIVITY PLC

RECONCILIATION OF FREE CASH FLOW (UNAUDITED)

For the Quarters Ended

For the Nine Months Ended

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

Capital expenditures, net

(302)

(225)

(826)

(658)

Free cash flow (1)

$

883

$

962

$

2,171

$

2,060

(1) Free cash flow is a non-GAAP financial measure. See description of non-GAAP financial measures.

TE CONNECTIVITY PLC

SEGMENT DATA (UNAUDITED)

For the Quarters Ended

For the Nine Months Ended

June 26,

June 27,

June 26,

June 27,

2026

2025

2026

2025

($ in millions)

Net Sales

Net Sales

Net Sales

Net Sales

Transportation Solutions

$

2,580

$

2,418

$

7,469

$

6,975

Industrial Solutions

2,580

2,116

7,104

5,538

Total

$

5,160

$

4,534

$

14,573

$

12,513

Operating

Operating

Operating

Operating

Operating

Operating

Operating

Operating

Income

Margin

Income

Margin

Income

Margin

Income

Margin

Transportation Solutions

$

444

17.2

%

$

462

19.1

%

$

1,448

19.4

%

$

1,353

19.4

%

Industrial Solutions

537

20.8

395

18.7

1,450

20.4

942

17.0

Total

$

981

19.0

%

$

857

18.9

%

$

2,898

19.9

%

$

2,295

18.3

%

Adjusted

Adjusted

Adjusted

Adjusted

Adjusted

Adjusted

Adjusted

Adjusted

Operating

Operating

Operating

Operating

Operating

Operating

Operating

Operating

Income (1)

Margin (1)

Income (1)

Margin (1)

Income (1)

Margin (1)

Income (1)

Margin (1)

Transportation Solutions

$

541

21.0

%

$

486

20.1

%

$

1,586

21.2

%

$

1,476

21.2

%

Industrial Solutions

588

22.8

467

22.1

1,608

22.6

1,107

20.0

Total

$

1,129

21.9

%

$

953

21.0

%

$

3,194

21.9

%

$

2,583

20.6

%

(1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. See description of non-GAAP financial measures.

TE CONNECTIVITY PLC

RECONCILIATION OF NET SALES GROWTH (DECLINE) (UNAUDITED)

Change in Net Sales for the Quarter Ended June 26, 2026

versus Net Sales for the Quarter Ended June 27, 2025

Net Sales

Organic Net Sales

Growth (Decline)

Growth (Decline) (1)

Translation (2)

Acquisitions

($ in millions)

Transportation Solutions:

Automotive

$

94

5.2

%

$

53

2.9

%

$

41

$

Commercial transportation

71

19.6

63

17.8

8

Sensors

(3)

(1.3)

(6)

(2.8)

3

Total Transportation Solutions

162

6.7

110

4.5

52

Industrial Solutions:

Digital data networks

207

34.2

205

34.0

2

Automation and connected living

93

16.3

83

14.3

10

Aerospace, defense, and marine

45

12.0

43

11.5

2

Energy

132

34.4

126

32.7

6

Medical

(13)

(7.2)

(13)

(7.2)

Total Industrial Solutions

464

21.9

444

21.0

20

Total

$

626

13.8

%

$

554

12.2

%

$

72

$

Change in Net Sales for the Nine Months Ended June 26, 2026

versus Net Sales for the Nine Months Ended June 27, 2025

Net Sales

Organic Net Sales

Growth (Decline)

Growth (Decline) (1)

Translation (2)

Acquisitions

($ in millions)

Transportation Solutions:

Automotive

$

290

5.5

%

$

105

2.0

%

$

185

$

Commercial transportation

199

19.7

169

16.9

30

Sensors

5

0.7

(18)

(2.7)

23

Total Transportation Solutions

494

7.1

256

3.7

238

Industrial Solutions:

Digital data networks

733

48.8

715

47.7

18

Automation and connected living

230

14.7

180

11.5

49

1

Aerospace, defense, and marine

126

11.6

100

9.2

26

Energy

488

55.5

189

21.5

28

271

Medical

(11)

(2.1)

(12)

(2.3)

1

Total Industrial Solutions

1,566

28.3

1,172

21.2

122

272

Total

$

2,060

16.5

%

$

1,428

11.4

%

$

360

$

272

(1) Organic net sales growth (decline) is a non-GAAP financial measure. See description of non-GAAP financial measures.

(2) Represents the change in net sales resulting from changes in foreign currency exchange rates.

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended June 26, 2026

(UNAUDITED)

Adjustments

Acquisition-

Restructuring

Related

and Other

Amortization

Adjusted

U.S. GAAP

Charges (1)

Charges, Net (1)

Expense (1)

(Non-GAAP) (2)

($ in millions, except per share data)

Operating income:

Transportation Solutions

$

444

$

1

$

79

$

17

$

541

Industrial Solutions

537

8

4

39

588

Total

$

981

$

9

$

83

$

56

$

1,129

Operating margin

19.0

%

21.9

%

Income tax expense

$

(223)

$

(2)

$

(22)

$

(11)

$

(258)

Effective tax rate

23.0

%

23.1

%

Income from continuing operations

$

748

$

7

$

61

$

45

$

861

Diluted earnings per share from continuing operations

$

2.55

$

0.02

$

0.21

$

0.15

$

2.94

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

(2) See description of non-GAAP financial measures.

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended June 27, 2025

(UNAUDITED)

Adjustments

Acquisition-

Restructuring

Related

and Other

Amortization

Adjusted

U.S. GAAP

Charges (1)

Charges, Net (1)

Expense (1)

(Non-GAAP) (2)

($ in millions, except per share data)

Operating income:

Transportation Solutions

$

462

$

$

7

$

17

$

486

Industrial Solutions

395

30

7

35

467

Total

$

857

$

30

$

14

$

52

$

953

Operating margin

18.9

%

21.0

%

Income tax expense

$

(208)

$

(7)

$

1

$

(11)

$

(225)

Effective tax rate

24.6

%

23.9

%

Income from continuing operations

$

638

$

23

$

15

$

41

$

717

Diluted earnings per share from continuing operations

$

2.14

$

0.08

$

0.05

$

0.14

$

2.41

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

(2) See description of non-GAAP financial measures.

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Nine Months Ended June 26, 2026

(UNAUDITED)

Adjustments

Acquisition-

Restructuring

Related

and Other

Amortization

Adjusted

U.S. GAAP

Charges (1)

Charges, Net (1)

Expense (1)

Tax Items (2)

(Non-GAAP) (3)

($ in millions, except per share data)

Operating income:

Transportation Solutions

$

1,448

$

1

$

84

$

53

$

$

1,586

Industrial Solutions

1,450

22

19

117

1,608

Total

$

2,898

$

23

$

103

$

170

$

$

3,194

Operating margin

19.9

%

21.9

%

Income tax expense

$

(520)

$

(5)

$

(23)

$

(34)

$

(114)

$

(696)

Effective tax rate

18.1

%

22.0

%

Income from continuing operations

$

2,354

$

18

$

80

$

136

$

(114)

$

2,474

Diluted earnings per share from continuing operations

$

7.98

$

0.06

$

0.27

$

0.46

$

(0.39)

$

8.39

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

(2) Represents a net income tax benefit related primarily to the settlement of prior period tax matters.

(3) See description of non-GAAP financial measures.

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Nine Months Ended June 27, 2025

(UNAUDITED)

Adjustments

Acquisition-

Restructuring

Related

and Other

Amortization

Adjusted

U.S. GAAP

Charges (1)

Charges, Net (1)

Expense (1)

Tax Items (2)

(Non-GAAP) (3)

($ in millions, except per share data)

Operating income:

Transportation Solutions

$

1,353

$

$

72

$

51

$

$

1,476

Industrial Solutions

942

47

37

81

1,107

Total

$

2,295

$

47

$

109

$

132

$

$

2,583

Operating margin

18.3

%

20.6

%

Income tax expense

$

(1,128)

$

(10)

$

(19)

$

(26)

$

587

$

(596)

Effective tax rate

48.9

%

23.0

%

Income from continuing operations

$

1,179

$

37

$

90

$

106

$

587

$

1,999

Diluted earnings per share from continuing operations

$

3.93

$

0.12

$

0.30

$

0.35

$

1.96

$

6.66

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

(2) Includes income tax expense of $574 million related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year tax credit obtained by a Swiss subsidiary in fiscal 2024 as well as income tax expense of $13 million related to the revaluation of deferred tax assets as a result of a decrease in the corporate tax rate in a non-U.S. jurisdiction.

(3) See description of non-GAAP financial measures.

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended September 26, 2025

(UNAUDITED)

Adjustments

Acquisition-

Restructuring

Related

and Other

Amortization

Adjusted

U.S. GAAP

Charges (1)

Charges, Net (1)

Expense (1)

Tax Items (2)

(Non-GAAP) (3)

($ in millions, except per share data)

Operating income:

Transportation Solutions

$

465

$

$

3

$

19

$

$

487

Industrial Solutions

451

10

14

39

514

Total

$

916

$

10

$

17

$

58

$

$

1,001

Operating margin

19.3

%

21.1

%

Income tax expense

$

(233)

$

(2)

$

6

$

(11)

$

31

$

(209)

Effective tax rate

26.0

%

21.3

%

Income from continuing operations

$

664

$

8

$

23

$

47

$

31

$

773

Diluted earnings per share from continuing operations

$

2.23

$

0.03

$

0.08

$

0.16

$

0.10

$

2.59

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

(2) Represents income tax expense of $44 million related to an increase in the valuation allowance for certain U.S. tax loss and credit carryforwards and an income tax benefit of $13 million related to the revaluation of deferred tax liabilities as a result of a decrease in the corporate tax rate in a non-U.S. jurisdiction.

(3) See description of non-GAAP financial measures.

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Year Ended September 26, 2025

(UNAUDITED)

Adjustments

Acquisition-

Restructuring

Related

and Other

Amortization

Adjusted

U.S. GAAP

Charges (1)

Charges, Net (1)

Expense (1)

Tax Items (2)

(Non-GAAP) (3)

($ in millions, except per share data)

Operating income:

Transportation Solutions

$

1,818

$

$

75

$

70

$

$

1,963

Industrial Solutions

1,393

57

51

120

1,621

Total

$

3,211

$

57

$

126

$

190

$

$

3,584

Operating margin

18.6

%

20.8

%

Income tax expense

$

(1,361)

$

(12)

$

(13)

$

(37)

$

618

$

(805)

Effective tax rate

42.5

%

22.5

%

Income from continuing operations

$

1,843

$

45

$

113

$

153

$

618

$

2,772

Diluted earnings per share from continuing operations

$

6.16

$

0.15

$

0.38

$

0.51

$

2.07

$

9.27

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

(2) Represents income tax expense of $574 million related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year tax credit obtained by a Swiss subsidiary in fiscal 2024 as well as income tax expense of $44 million related to an increase in the valuation allowance for certain U.S. tax loss and credit carryforwards.

(3) See description of non-GAAP financial measures.

TE CONNECTIVITY PLC

RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURES

TO FORWARD-LOOKING GAAP FINANCIAL MEASURES

As of July 22, 2026

(UNAUDITED)

Outlook for

Quarter Ending

September 25,

2026

Diluted earnings per share from continuing operations

$

2.84

Acquisition-related charges

0.02

Restructuring and other charges, net

0.04

Amortization expense

0.15

Adjusted diluted earnings per share from continuing operations (1)

$

3.05

Net sales growth

10.6

%

Translation

0.2

(Acquisitions) divestitures, net

Organic net sales growth (1)

10.8

%

(1) See description of non-GAAP financial measures.

EX-99.2

EX-99.2

Filename: tel-20260722xex99d2.htm · Sequence: 3

Exhibit 99.2

EVERY CONNECTION COUNTS

TE Connectivity

Third Quarter

2026 Earnings

July 22, 2026

Forward-Looking Statements

and Non-GAAP Financial Measures

2

Forward-Looking Statements

This presentation contains certain "forward-looking statements" within the

meaning of the U.S. Private Securities Litigation Reform Act of 1995. These

statements are based on management's current expectations and are subject to

risks, uncertainty and changes in circumstances, which may cause actual

results, performance, financial condition or achievements to differ materially

from anticipated results, performance, financial condition or achievements. All

statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and

similar expressions are generally intended to identify forward-looking

statements. We have no intention and are under no obligation to update or alter

(and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or

otherwise, except to the extent required by law. The forward-looking statements

in this presentation include statements addressing our future financial condition

and operating results. Examples of factors that could cause actual results to

differ materially from those described in the forward-looking statements include,

among others, the extent, severity and duration of business interruptions

negatively affecting our business operations; business, economic, competitive

and regulatory risks, such as conditions affecting demand for products in the

automotive and other industries we serve; competition and pricing pressure;

fluctuations in foreign currency exchange rates and commodity prices; natural

disasters and political, economic and military instability in countries in which we

operate, including continuing military conflict in certain parts of the world;

developments in the credit markets; future goodwill impairment; compliance with

current and future environmental and other laws and regulations; and the

possible effects on us of changes in tax laws, tax treaties and other legislation.

More detailed information about these and other factors is set forth in TE

Connectivity plc's Annual Report on Form 10-K for the fiscal year ended Sept.

26, 2025, as well as in our Quarterly Reports on Form 10-Q, Current Reports on

Form 8-K and other reports filed by us with the U.S. Securities and Exchange

Commission.

Non-GAAP Financial Measures

Where we have used non-GAAP financial measures, reconciliations to the most

comparable GAAP measure are provided, along with a disclosure on the

usefulness of the non-GAAP financial measure, in this presentation.

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 reflecting broad strength across the business; book to bill of 1.1

▪ Adjusted Operating Margins of 22%, expanded 90bps Y/Y driven by strong operational performance

▪ Adjusted EPS of $2.94, increased 22% Y/Y

▪ YTD Free Cash Flow generation of ~$2.2B with $2B returned to shareholders

▪ Entered agreement to acquire Astrodyne TDI, expanding our power portfolio in the Industrial segment

Earnings Highlights

3 Organic Net Sales Growth (Decline), Adjusted Operating Margin, Adjusted EPS, and Free Cash Flow are non-GAAP financial measures; see Appendix for descriptions and reconciliations

Q4 Guidance Reflects Double-Digit Sales and EPS Growth

▪ Expect Q4 Sales of ~$5.25B, increasing 11% both reported and organically Y/Y

▪ Expect Q4 Adjusted EPS of ~$3.05, increasing 18% Y/Y

▪ For the full year, Q4 guidance implies Sales growth of 15% reported & 11% organic Y/Y; Adjusted EPS increasing 23% Y/Y

▪ Delivering performance significantly ahead of our business model

Reported FY25

Q3

FY26

Q2

FY26

Q3

Q3 Growth

Y/Y Q/Q

Industrial 2,156 2,703 2,933 36% 9%

Transportation 2,316 2,621 2,760 19% 5%

Total TE 4,472 5,324 5,693 27% 7%

Book to Bill 0.99 1.12 1.10

Segment Orders Summary

($ in millions)

4

▪ Record orders in both segments

▪ Industrial segment order growth Y/Y in all

businesses; DDN orders +70% YTD driven by

AI momentum

▪ Transportation segment orders reflecting

content outperformance in Auto and ICT

Order momentum continues with

double-digit order growth in all

businesses and all regions Y/Y

Industrial Solutions

Q3 SALES

Reported

Up 22%

Organic

Up 21%

Q3 ADJUSTED OPERATING MARGIN

Margin expansion of

70bps driven by strong

operational performance

and higher volume

Adjusted EBITDA Margin 25.1% 26.3%

5

Q3 BUSINESS PERFORMANCE

Y/Y Growth

Rates Reported Organic

Digital Data

Networks (DDN) $813 34% 34%

Automation

& Connected

Living (ACL)

664 16% 14%

Energy 516 34% 33%

Aerospace,

Defense and

Marine (AD&M)

419 12% 12%

Medical 168 (7)% (7)%

Industrial

Solutions $2,580 22% 21%

$ in Millions

▪ Digital Data Networks

Continued momentum with AI sales as

expected; orders support another

strong sequential sales increase in Q4

▪ Automation & Connected Living

Growth across all regions driven by

automation applications

▪ Energy

Strong growth driven by grid

hardening and data center build-out

▪ AD&M

Performance reflects ongoing

strength in commercial air and

defense markets

▪ Medical

Sales as expected

$2,116 $2,580

Q3 2025 Q3 2026

22.1% 22.8%

Q3 2025 Q3 2026

Increasing momentum across businesses

with strong operational performance

Organic Net Sales Growth (Decline), Adjusted Operating Margin, and Adjusted EBITDA Margin are non-GAAP financial measures; see Appendix for descriptions and reconciliations.

Transportation Solutions

Q3 SALES

Reported

Up 7%

Organic

Up 5%

Q3 ADJUSTED OPERATING MARGIN

Strong margin expansion

of 90bps reflects

continued execution by

our teams

Adjusted EBITDA Margin 24.2% 25.2%

6

$2,418 $2,580

Q3 2025 Q3 2026

Q3 BUSINESS PERFORMANCE

Y/Y Growth Rates Reported Organic

Automotive $1,913 5% 3%

Commercial

Transportation 434 20% 18%

Sensors 233 (1)% (3)%

Transportation

Solutions $2,580 7% 5%

$ in Millions

20.1% 21.0%

Q3 2025 Q3 2026

▪ Automotive

Sales increase due to content

outperformance in Asia and

Europe

▪ Commercial Transportation

Strong content growth across all

regions

▪ Sensors

Sales as expected

Organic Net Sales Growth (Decline), Adjusted Operating Margin, and Adjusted EBITDA Margin are non-GAAP financial measures; see Appendix for descriptions and reconciliations.

Continue to deliver content

outperformance versus end markets

with strong operational resiliency

Q3 Financial Summary

7

($ 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 $ 1,129

Adjusted Operating Margin 21.0% 21.9%

Earnings Per Share* $ 2.14 $ 2.55

Acquisition-Related Charges 0.08 0.02

Restructuring & Other Charges, Net 0.05 0.21

Amortization Expense 0.14 0.15

Adjusted EPS $ 2.41 $ 2.94

Adjusted Effective Tax Rate 23.9% 23.1%

*Represents Diluted Earnings Per Share from Continuing Operations

Adjusted Operating Income, Adjusted Operating Margin, Adjusted Earnings Per Share, and Adjusted Effective Tax Rate are non-GAAP financial measures; see Appendix for descriptions and reconciliations.

Q3 Financial Performance

8

21.0% 21.9%

Q3 2025 Q3 2026

SALES ADJUSTED OPERATING MARGIN

ADJUSTED EPS FREE CASH FLOW

Delivered Growth of 14% in Sales and 22% in Adjusted EPS Y/Y

$ in Billions

$ in Billions

Record YTD

Free Cash

Flow

$2.1 $2.2

YTD 2025 YTD 2026

Up 22% Y/Y

$4.5 $5.2

Q3 2025 Q3 2026

90bps of

margin

expansion

Organic Net Sales Growth, Adjusted Operating Margin, Adjusted Earnings Per Share, and Free Cash Flow are non-GAAP financial measures; see Appendix for descriptions and reconciliations.

Sales up

14% reported

and 12%

organic Y/Y

$2.41 $2.94

Q3 2025 Q3 2026

ADJUSTED OPERATING MARGIN

EVERY CONNECTION COUNTS

Additional Information

Y/Y Q3 2026

10

Sales

(in millions)

Adjusted EPS

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

Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.

Y/Y Q4 2026

11

Sales

(in millions)

Adjusted EPS

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

Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.

Balance Sheet and Cash Flow Summary

12

($ in Millions) Q3 2025 Q3 2026

Beginning Cash Balance $2,554 $1,110

Free Cash Flow 962 883

Dividends (212) (226)

Share repurchases (301) (529)

Net decrease in debt (43) -

Acquisition of business, net of cash

acquired (2,307) -

Other 19 1

Ending Cash Balance $672 $1,239

Total Debt $5,697 $5,632

A/R $3,431 $3,749

Days Sales Outstanding* 68 65

Inventory $2,832 $3,027

Days on Hand* 85 81

Accounts Payable $2,024 $2,409

Days Outstanding* 62 65

Free Cash Flow and Working Capital Liquidity, Cash and Debt

($ in Millions) Q3 2025 Q3 2026

Cash from Operating Activities $1,187 $1,185

Capital expenditures, net (225) (302)

Free Cash Flow $962 $883

Free Cash Flow is a non-GAAP financial measure, see Appendix for description and reconciliation

* Calculated on a quarterly basis and adjusted to exclude the impact of acquisitions and divestitures

EVERY CONNECTION COUNTS

Appendix

We present non-GAAP performance and liquidity measures as

we believe it is appropriate for investors to consider adjusted

financial measures in addition to results in accordance with

accounting principles generally accepted in the U.S. (“GAAP”).

These non-GAAP financial measures provide supplemental

information and should not be considered replacements for

results in accordance with GAAP. Management uses non-GAAP

financial measures internally for planning and forecasting

purposes and in its decision-making processes related to the

operations of our company. We believe these measures provide

meaningful information to us and investors because they

enhance the understanding of our operating performance, ability

to generate cash, and the trends of our business. Additionally,

we believe that investors benefit from having access to the same

financial measures that management uses in evaluating our

operations. The primary limitation of these measures is that they

exclude the financial impact of items that would otherwise either

increase or decrease our reported results. This limitation is best

addressed by using these non-GAAP financial measures in

combination with the most directly comparable GAAP financial

measures in order to better understand the amounts, character,

and impact of any increase or decrease in reported amounts.

These non-GAAP financial measures may not be comparable to

similarly-titled measures reported by other companies.

The following provides additional information regarding our non-GAAP financial measures:

▪ Organic Net Sales Growth (Decline) – represents net sales

growth (decline) (the most comparable GAAP financial

measure) excluding the impact of foreign currency exchange

rates, and acquisitions and divestitures that occurred in the

preceding twelve months, if any. Organic Net Sales Growth

(Decline) is a useful measure of our performance because it

excludes items that are not completely under management’s

control, such as the impact of changes in foreign currency

exchange rates, and items that do not reflect the underlying

growth of the company, such as acquisition and divestiture

activity. This measure is a significant component in our

incentive compensation plans.

▪ Adjusted Operating Income and Adjusted Operating

Margin – represent operating income and operating margin,

respectively, (the most comparable GAAP financial

measures) before special items including restructuring and

other charges, acquisition-related charges, amortization

expense on intangible assets, impairment of goodwill, and

other income or charges, if any. We utilize these adjusted

measures in combination with operating income and

operating margin to assess segment level operating

performance and to provide insight to management in

evaluating segment operating plan execution and market

conditions. Adjusted Operating Income is a significant

component in our incentive compensation plans.

▪ Adjusted Income Tax (Expense) Benefit and Adjusted

Effective Tax Rate – represent income tax (expense) benefit

and effective tax rate, respectively, (the most comparable

GAAP financial measures) after adjusting for the tax effect of

special items including restructuring and other charges,

acquisition-related charges, amortization expense on

intangible assets, impairment of goodwill, other income or

charges, and certain significant tax items, if any.

▪ Adjusted Income from Continuing Operations –

represents income from continuing operations (the most

comparable GAAP financial measure) before special items

including restructuring and other charges, acquisition-related

charges, amortization expense on intangible assets,

impairment of goodwill, other income or charges, and certain

significant tax items, if any, and, if applicable, the related tax

effects.

Non-GAAP Financial Measures

14

▪ Adjusted Earnings Per Share – represents diluted earnings

per share from continuing operations (the most comparable

GAAP financial measure) before special items including

restructuring and other charges, acquisition-related charges,

amortization expense on intangible assets, impairment of

goodwill, other income or charges, and certain significant tax

items, if any, and, if applicable, the related tax effects. This

measure is a significant component in our incentive

compensation plans.

▪ Adjusted EBITDA and Adjusted EBITDA Margin –

represent net income and net income as a percentage of net

sales, respectively, (the most comparable GAAP financial

measures) before interest expense, interest income, income

taxes, depreciation, and amortization, as adjusted for net

other income (expense), income (loss) from discontinued

operations, and special items including restructuring and

other charges, acquisition-related charges, impairment of

goodwill, and other income or charges, if any.

▪ Free Cash Flow (FCF) – is a useful measure of our ability to

generate cash. The difference between net cash provided by

operating activities (the most comparable GAAP financial

measure) and Free Cash Flow consists mainly of significant

cash outflows and inflows that we believe are useful to

identify. We believe Free Cash Flow provides useful

information to investors as it provides insight into the primary

cash flow metric used by management to monitor and

evaluate cash flows generated from our operations. Free

Cash Flow is defined as net cash provided by operating

activities excluding voluntary pension contributions and the

cash impact of special items, if any, minus net capital

expenditures. Voluntary pension contributions are excluded

from the GAAP financial measure because this activity is

driven by economic financing decisions rather than operating

activity. Certain special items, including cash paid (collected)

pursuant to collateral requirements related to cross-currency

swap contracts, are also excluded by management in

evaluating Free Cash Flow. Net capital expenditures consist

of capital expenditures less proceeds from the sale of

property, plant, and equipment. These items are subtracted

because they represent long-term commitments. In the

calculation of Free Cash Flow, we subtract certain cash items

that are ultimately within management’s and the Board of

Directors’ discretion to direct and may imply that there is less

or more cash available for our programs than the most

comparable GAAP financial measure indicates. It should not

be inferred that the entire Free Cash Flow amount is available

for future discretionary expenditures, as our definition of Free

Cash Flow does not consider certain non-discretionary

expenditures, such as debt payments. In addition, we may

have other discretionary expenditures, such as discretionary

dividends, share repurchases, and business acquisitions, that

are not considered in the calculation of Free Cash Flow.

▪ Free Cash Flow Conversion – represents Free Cash Flow

as a percentage of Adjusted Income from Continuing

Operations. We use Free Cash Flow Conversion as an

indicator of our ability to convert earnings to cash.

Non-GAAP Financial Measures (cont.)

15

Segment Summary

16

Transportation Solutions $ 2,580 $ 2,418 $ 7,469 $ 6,975

Industrial Solutions 2,580 2,116 7,104 5,538

Total $ 5,160 $ 4,534 $ 14,573 $ 12,513

O perating O perating O perating O perating

Margin Margin Margin Margin

Transportation Solutions $ 444 17.2 % $ 462 19.1 % $ 1,448 19.4 % $ 1,353 19.4 %

Industrial Solutions 537 20.8 395 18.7 1,450 20.4 942 17.0

Total $ 981 19.0 % $ 857 18.9 % $ 2,898 19.9 % $ 2,295 18.3 %

Adjusted Adjusted Adjusted Adjusted

O perating O perating O perating O perating

Margin (1) Margin (1) Margin (1) Margin (1)

Transportation Solutions $ 541 21.0 % $ 486 20.1 % $ 1,586 21.2 % $ 1,476 21.2 %

Industrial Solutions 588 22.8 467 22.1 1,608 22.6 1,107 20.0

Total $ 1,129 21.9 % $ 953 21.0 % $ 3,194 21.9 % $ 2,583 20.6 %

(1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. See description of non-GAAP financial measures.

2026 2025

($ in millions)

Adjusted

O perating

Income (1)

Adjusted

O perating

Adjusted

O perating

Income (1)

Net Sales Net Sales Net Sales

Income (1)

Adjusted

O perating

Income (1)

Income

O perating O perating

Income

2025

For the Q uarters Ended

June 26, June 27, June 26, June 27,

For the Nine Months Ended

Net Sales

O perating

Income

O perating

Income

2026

Reconciliation of Net Sales Growth

17

Transportation Solutions:

Automotive $ 290 5.5 % $ 105 2.0 % $ 185 $ —

Commercial transportation 199 19.7 169 16.9 30 —

Sensors 5 0.7 (18) (2.7) 23 —

Total Transportation Solutions 494 7.1 256 3.7 238 —

Industrial Solutions:

Digital data networks 733 48.8 715 47.7 18 —

Automation and connected living 230 14.7 180 11.5 49 1

Aerospace, defense, and marine 126 11.6 100 9.2 26 —

Energy 488 55.5 189 21.5 28 271

Medical (11) (2.1) (12) (2.3) 1 —

Total Industrial Solutions 1,566 28.3 1,172 21.2 122 272

Total $ 2,060 16.5 % $ 1,428 11.4 % $ 360 $ 272

(1) Organic net sales growth (decline) is a non-GAAP financial measure. See description of non-GAAP financial measures.

(2) Represents the change in net sales resulting from changes in foreign currency exchange rates.

Translation (2) Acquisitions

Change in Net Sales for the Nine Months Ended June 26, 2026

versus Net Sales for the Nine Months Ended June 27, 2025

($ in millions)

Net Sales O rganic Net Sales

Growth (Decline) Growth (Decline) (1)

Transportation Solutions:

Automotive $ 94 5.2 % $ 53 2.9 % $ 41 $ —

Commercial transportation 71 19.6 63 17.8 8 —

Sensors (3) (1.3) (6) (2.8) 3 —

Total Transportation Solutions 162 6.7 110 4.5 52 —

Industrial Solutions:

Digital data networks 207 34.2 205 34.0 2 —

Automation and connected living 93 16.3 83 14.3 10 —

Aerospace, defense, and marine 45 12.0 43 11.5 2 —

Energy 132 34.4 126 32.7 6 —

Medical (13) (7.2) (13) (7.2) — —

Total Industrial Solutions 464 21.9 444 21.0 20 —

Total $ 626 13.8 % $ 554 12.2 % $ 72 $ —

($ in millions)

Translation (2) Acquisitions

Net Sales

Growth (Decline)

O rganic Net Sales

Growth (Decline) (1)

Change in Net Sales for the Q uarter Ended June 26, 2026

versus Net Sales for the Q uarter Ended June 27, 2025

Reconciliation of Non-GAAP Financial Measures to GAAP

Financial Measures for the Quarter Ended June 26, 2026

18

Operating income:

Transportation Solutions $ 444 $ 1 $ 79 $ 17 $ 541

Industrial Solutions 537 8 4 39 588

Total $ 981 $ 9 $ 83 $ 56 $ 1,129

Operating margin 19.0 % 21.9 %

Income tax expense $ (223) $ (2) $ (22) $ (11) $ (258)

Effective tax rate 23.0 % 23.1 %

Income from continuing operations $ 748 $ 7 $ 61 $ 45 $ 861

Diluted earnings per share from

continuing operations $ 2.55 $ 0.02 $ 0.21 $ 0.15 $ 2.94

Related and O ther Adjusted

Acquisition- Restructuring

Amortization

Adjustments

(2) See description of non-GAAP financial measures.

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax

laws in effect for each such jurisdiction.

U.S. GAAP Charges (1) (Non-GAAP) (2) Charges, Net (1)

($ in millions, except per share data)

Expense (1)

Reconciliation of Non-GAAP Financial Measures to GAAP

Financial Measures for the Quarter Ended June 27, 2025

19

Operating income:

Transportation Solutions $ 462 $ — $ 7 $ 17 $ 486

Industrial Solutions 395 30 7 35 467

Total $ 857 $ 30 $ 14 $ 52 $ 953

Operating margin 18.9 % 21.0 %

Income tax expense $ (208) $ (7) $ 1 $ (11) $ (225)

Effective tax rate 24.6 % 23.9 %

Income from continuing operations $ 638 $ 23 $ 15 $ 41 $ 717

Diluted earnings per share from

continuing operations $ 2.14 $ 0.08 $ 0.05 $ 0.14 $ 2.41

($ in millions, except per share data)

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax

laws in effect for each such jurisdiction.

Adjustments

(2) See description of non-GAAP financial measures.

Adjusted

(Non-GAAP) (2)

Related and O ther Amortization

Acquisition- Restructuring

U.S. GAAP Charges (1) Charges, Net (1) Expense (1)

Reconciliation of Non-GAAP Financial Measures to GAAP

Financial Measures for the Nine Months Ended June 26, 2026

20

Operating income:

Transportation Solutions $ 1,448 $ 1 $ 84 $ 53 $ — $ 1,586

Industrial Solutions 1,450 22 19 117 — 1,608

Total $ 2,898 $ 23 $ 103 $ 170 $ — $ 3,194

Operating margin 19.9 % 21.9 %

Income tax expense $ (520) $ (5) $ (23) $ (34) $ (114) $ (696)

Effective tax rate 18.1 % 22.0 %

Income from continuing operations $ 2,354 $ 18 $ 80 $ 136 $ (114) $ 2,474

Diluted earnings per share from

continuing operations $ 7.98 $ 0.06 $ 0.27 $ 0.46 $ (0.39) $ 8.39

($ in millions, except per share data)

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect

for each such jurisdiction.

(2) Represents a net income tax benefit related primarily to the settlement of prior period tax matters.

(3) See description of non-GAAP financial measures.

Related and O ther Adjusted

U.S. GAAP Charges (1) Charges, Net (1) Tax Items (2) (Non-GAAP) (3)

Amortization

Expense (1)

Adjustments

Acquisition- Restructuring

Reconciliation of Non-GAAP Financial Measures to GAAP

Financial Measures for the Nine Months Ended June 27, 2025

21

Operating income:

Transportation Solutions $ 1,353 $ — $ 72 $ 51 $ — $ 1,476

Industrial Solutions 942 47 37 81 — 1,107

Total $ 2,295 $ 47 $ 109 $ 132 $ — $ 2,583

Operating margin 18.3 % 20.6 %

Income tax expense $ (1,128) $ (10) $ (19) $ (26) $ 587 $ (596)

Effective tax rate 48.9 % 23.0 %

Income from continuing operations $ 1,179 $ 37 $ 90 $ 106 $ 587 $ 1,999

Diluted earnings per share from

continuing operations $ 3.93 $ 0.12 $ 0.30 $ 0.35 $ 1.96 $ 6.66

($ in millions, except per share data)

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect

for each such jurisdiction.

(2) Includes income tax expense of $574 million related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year

tax credit obtained by a Swiss subsidiary in fiscal 2024 as well as income tax expense of $13 million related to the revaluation of deferred tax assets as a

result of a decrease in the corporate tax rate in a non-U.S. jurisdiction.

(3) See description of non-GAAP financial measures.

Related and O ther Adjusted

U.S. GAAP Charges (1) Charges, Net (1) Tax Items (2) (Non-GAAP) (3)

Amortization

Expense (1)

Adjustments

Acquisition- Restructuring

Reconciliation of Non-GAAP Financial Measures to GAAP

Financial Measures for the Quarter Ended September 26, 2025

22

Operating income:

Transportation Solutions $ 465 $ — $ 3 $ 19 $ — $ 487

Industrial Solutions 451 10 14 39 — 514

Total $ 916 $ 10 $ 17 $ 58 $ — $ 1,001

Operating margin 19.3 % 21.1 %

Income tax expense $ (233) $ (2) $ 6 $ (11) $ 31 $ (209)

Effective tax rate 26.0 % 21.3 %

Income from continuing operations $ 664 $ 8 $ 23 $ 47 $ 31 $ 773

Diluted earnings per share from

continuing operations $ 2.23 $ 0.03 $ 0.08 $ 0.16 $ 0.10 $ 2.59

Related and O ther Amortization

U.S. GAAP Charges (1) Charges, Net (1) Expense (1)

Acquisition- Restructuring

Adjustments

Adjusted

(Non-GAAP) (3)

($ in millions, except per share data)

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect

for each such jurisdiction.

(3) See description of non-GAAP financial measures.

Tax Items (2)

(2) Represents income tax expense of $44 million related to an increase in the valuation allowance for certain U.S. tax loss and credit carryforwards and an

income tax benefit of $13 million related to the revaluation of deferred tax liabilities as a result of a decrease in the corporate tax rate in a non-U.S.

jurisdiction.

Reconciliation of Non-GAAP Financial Measures to GAAP

Financial Measures for the Year Ended September 26, 2025

23

Operating income:

Transportation Solutions $ 1,818 $ — $ 75 $ 70 $ — $ 1,963

Industrial Solutions 1,393 57 51 120 — 1,621

Total $ 3,211 $ 57 $ 126 $ 190 $ — $ 3,584

Operating margin 18.6 % 20.8 %

Income tax expense $ (1,361) $ (12) $ (13) $ (37) $ 618 $ (805)

Effective tax rate 42.5 % 22.5 %

Income from continuing operations $ 1,843 $ 45 $ 113 $ 153 $ 618 $ 2,772

Diluted earnings per share from

continuing operations $ 6.16 $ 0.15 $ 0.38 $ 0.51 $ 2.07 $ 9.27

(3) See description of non-GAAP financial measures.

Charges, Net (1) Tax Items (2)

Amortization

Expense (1)

(2) Represents income tax expense of $574 million related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year tax credit obtained by a Swiss subsidiary in fiscal 2024 as well as income tax expense of $44 million related to an increase in the valuation allowance

for certain U.S. tax loss and credit carryforwards.

Adjustments

Adjusted

(Non-GAAP) (3)

($ in millions, except per share data)

(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect

for each such jurisdiction.

Acquisition- Restructuring

Related and O ther

U.S. GAAP Charges (1)

Reconciliation of Adjusted EBITDA

and Adjusted EBITDA Margin

24

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

Restructuring and other charges, net 83 14

Amortization expense 56 52

Adjusted operating income (1)

1,129 953

Depreciation 200 164

Adjusted EBITDA (1) $ 1,329 $ 1,117

Net sales $ 5,160 $ 4,534

Net income as a percentage of net sales 14.5 % 14.1 %

Adjusted EBITDA margin (1)

25.8 % 24.6 %

Operating income $ 444 $ 537 $ 981 $ 462 $ 395 $ 857

Acquisition-related charges 1 8 9 — 30 30

Restructuring and other charges, net 79 4 83 7 7 14

Amortization expense 17 39 56 17 35 52

Adjusted operating income (1)

541 588 1,129 486 467 953

Depreciation 110 90 200 100 64 164

Adjusted EBITDA (1) $ 651 $ 678 $ 1,329 $ 586 $ 531 $ 1,117

Net sales $ 2,580 $ 2,580 $ 5,160 $ 2,418 $ 2,116 $ 4,534

Operating margin 17.2 % 20.8 % 19.0 % 19.1 % 18.7 % 18.9 %

Adjusted operating margin (1)

21.0 % 22.8 % 21.9 % 20.1 % 22.1 % 21.0 %

Adjusted EBITDA margin (1)

25.2 % 26.3 % 25.8 % 24.2 % 25.1 % 24.6 %

(1) See description of non-GAAP financial measures.

($ in millions)

Transportation Industrial

Solutions Solutions Total Solutions Solutions Total

June 26,

2026

June 27,

2025

For the Q uarters Ended

($ in millions)

June 26, 2026 June 27, 2025

Transportation Industrial

For the Q uarters Ended

Reconciliation of Free Cash Flow

25

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)

Net cash used in financing activities (749) (537) (1,980) (63)

Effect of currency translation on cash 1 5 (1) (4)

Net increase (decrease) in cash, cash equivalents, and restricted cash $ 129 $ (1,882) $ (16) $ (647)

Net cash provided by operating activities $ 1,185 $ 1,187 $ 2,997 $ 2,718

Capital expenditures, net (302) (225) (826) (658)

Free cash flow (1) $ 883 $ 962 $ 2,171 $ 2,060

(1) Free cash flow is a non-GAAP financial measure. See description of non-GAAP financial measures.

2026 2025 2026 2025

(in millions)

For the Q uarters Ended

June 26, June 27, June 26, June 27,

For the Nine Months Ended

Reconciliation of Forward-Looking Non-GAAP Financial

Measures to Forward-Looking GAAP Financial Measures

26

Diluted earnings per share from continuing operations $ 2.84 $ 10.82

Acquisition-related charges 0.02 0.08

Restructuring and other charges, net 0.04 0.31

Amortization expense 0.15 0.61

Tax items — (0.39)

Adjusted diluted earnings per share from continuing operations (2) $ 3.05 $ 11.43

Net sales growth 10.6 % 14.8 %

Translation 0.2 (2.0)

(Acquisitions) divestitures, net — (1.6)

Organic net sales growth (2)

10.8 % 11.2 %

Effective tax rate 22.7 % 19.3 %

Effective tax rate adjustments (3)

(0.2) 2.8

Adjusted effective tax rate (2)

22.5 % 22.1 %

Q uarter Ending

O utlook for

2026 (1)

September 25, O utlook for

Fiscal 2026 (1)

(3) Includes adjustments for special tax items and the tax effect of acquisition-related charges and net restructuring and other charges, calculated based

on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for each such jurisdiction.

(1) Outlook is as of July 22, 2026.

(2) See description of non-GAAP financial measures.

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Jul. 22, 2026

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Security Exchange Name

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2.50% Senior Notes due 2028

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Security Exchange Name

NYSE

0.00% Senior Notes due 2029

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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No definition available.

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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- Definition

Address Line 2 such as Street or Suite number

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- Definition

Name of the City or Town

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- Definition

ISO 3166-1 alpha-2 country code.

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No definition available.

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- Definition

Code for the postal or zip code

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No definition available.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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- Definition

Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Local phone number for entity.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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- Definition

Trading symbol of an instrument as listed on an exchange.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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