Te Connectivity Plc · NYSE:TEL
Te Connectivity — Q4 2026 Earnings Presentation
27 slides from Te Connectivity's earnings presentation, Oct 28, 2026
Slide 1: TE Connectivity Fourth Quarter 2026 Earnings
TE Connectivity Fourth Quarter 2026 Earnings October 28, 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 Q4 Results - Delivered an Increase of 12% in Sales and 21% in Adjusted EPS Sales of $5.3B, increased 12% reported and 13% on an organic basis Y/Y Orders of $6.1B, increased 29% Y/Y and 6% sequentially; book to bill of 1.14 Adjusted Operating Margins of 22%, expanded 100bps
Slide 4: Segment Orders Summary
Segment Orders Summary ($ in millions) FY25 FY26 FY26 Q4 Growth Reported Q4 Q3 Q4 Y/Y Q/Q Industrial segment orders in Q4 reflect Industrial 2,254 2,933 3,322 47% 13% double-digit growth across all businesses; DDN orders in FY26 increased ~70% Transportation 2,428 2,760 2,733 13% (1)% Transporta
Slide 5: Industrial Solutions
Industrial Solutions $ in Millions Digital Data Networks Growth driven by continued Q4 SALES Q4 BUSINESS PERFORMANCE momentum in AI applications; full year AI sales as expected Reported Y/Y Growth Reported Organic Automation & Connected Living Up 20% Rates Strong growth across all regions Digita
Slide 6: Transportation Solutions
Transportation Solutions $ in Millions Automotive Q4 SALES Q4 BUSINESS PERFORMANCE Strong growth over market driven by content outperformance in Asia and Europe Reported Y/Y Growth Rates Reported Organic Up 8% $2,600 Commercial Transportation $2,413 Automotive $1,933 7% 6% Strong content growth
Slide 7: Q4 Financial Summary
Q4 Financial Summary ($ in Millions, except per share amounts) Q4 FY25 Q4 FY26 Net Sales $ 4,749 $ 5,312 Operating Income $ 916 $ 1,093 Operating Margin 19.3% 20.6% Acquisition-Related Charges 10 12 Restructuring & Other Charges, Net 17 14 Amortization Expense 58 57 Adjusted Operating Income $ 1,001
Slide 8: Fiscal 2026 Financial Performance
Fiscal 2026 Financial Performance SALES ADJUSTED OPERATING MARGIN $ in Billions Reported sales 120bps of up 15% Y/Y margin 22.0% expansion $19.9 20.8% $17.3 Organic sales up 12% Y/Y FY25 FY26 FY25 FY26 ADJUSTED EPS FREE CASH FLOW $ in Billions 100% free Up 24% Y/Y cash flow conversion $11.52 $3.2 $3
Slide 9: Additional Information
Additional Information EVERY CONNECTION COUNTS
Slide 10: Y/Y Q4 2026 Sales and Adjusted EPS
Y/Y Q4 2026 Sales Adjusted EPS (in millions) Q4 2025 Results $4,749 $2.59 Operational Performance 547 0.54 FX Impact 16 - Tax Rate Impact - 0.01 Q4 2026 Results1 $5,312 $3.14 1Q4 includes IEEPA tariff refunds expected to be returned to customers impacting sales by ($87M) and EPS by $0.01 10 Adjusted
Slide 11: Y/Y FY 2026 Sales and Adjusted EPS
Y/Y FY 2026 Sales Adjusted EPS (in millions) 2025 Results $17,262 $9.27 Operational Performance 2,247 2.04 FX Impact 376 0.10 Tax Rate Impact - 0.11 2026 Results1 $19,885 $11.52 1FY26 includes IEEPA tariff refunds expected to be returned to customers impacting sales by ($87M) and EPS by $0.01 11 Adj
Slide 12: Y/Y Q1 2027 Sales and Adjusted EPS Guidance
Y/Y Q1 2027 Sales Adjusted EPS (in millions) Q1 2026 Results $4,669 $2.72 Operational Performance 664 0.49 FX Impact 17 0.06 Tax Rate Impact - 0.03 Q1 2027 Guidance1 $5,350 $3.30 1Q1 includes IEEPA tariff refunds expected to be returned to customers impacting sales by approximately ($50M) and no imp
Slide 13: Balance Sheet and Cash Flow Summary
Balance Sheet and Cash Flow Summary Free Cash Flow and Working Capital Liquidity, Cash and Debt ($ in Millions) FY25 FY26 ($ in Millions) FY25 FY26 Cash from Operating Activities $4,139 $4,525 Beginning Cash Balance $1,319 $1,255 Free Cash Flow 3,214 3,412 Capital expenditures, net (925) (1,113) Div
Slide 14: Appendix
Appendix EVERY CONNECTION COUNTS
Slide 15: Non-GAAP Financial Measures
Non-GAAP Financial Measures We present non-GAAP performance and liquidity measures as Organic Net Sales Growth (Decline) – represents net sales Adjusted Income Tax (Expense) Benefit and Adjusted we believe it is appropriate for investors to consider adjusted growth (decline) (the most comparable
Slide 16: Non-GAAP Financial Measures (cont.)
Non-GAAP Financial Measures (cont.) Adjusted Earnings Per Share – represents diluted earnings activities excluding voluntary pension contributions and the per share from continuing operations (the most comparable cash impact of special items, if any, minus net capital GAAP financial measure) befor
Slide 17: Segment Summary
Segment Summary For the Q uarte rs Ende d For the Ye ars Ende d Se pte mbe r 25, Se pte mbe r 26, Se pte mbe r 25, Se pte mbe r 26, 2026 2025 2026 2025 ($ in millions) Ne t Sale s Ne t Sale s Ne t Sale s Ne t Sale s Transportation Solutions $ 2,600 $ 2,413 $ 10,069 $ 9,388 Industrial Solutions 2,799
Slide 18: Reconciliation of Net Sales Growth
Reconciliation of Net Sales Growth Change in Ne t Sale s for the Q uarte r Ende d Se pte mbe r 25, 2026 ve rsus Ne t Sale s for the Q uarte r Ende d Se pte mbe r 26, 2025 Ne t Sale s O rganic Ne t Sale s Translation Growth (De cline ) Growth (De cline ) (1) and O the r (2) Acquisition ($ in millions
Slide 19: Reconciliation of Non-GAAP Measures, Quarter Ended September 25, 2026
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 25, 2026 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
Slide 20: Reconciliation of Non-GAAP Measures, Quarter Ended September 26, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended September 26, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r 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
Slide 21: Reconciliation of Non-GAAP Measures, Year Ended September 25, 2026
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 25, 2026 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 Non-GAAP Measures, Year Ended September 26, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 26, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r 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, e
Slide 23: Reconciliation of Non-GAAP Measures, Quarter Ended December 26, 2025
Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended December 26, 2025 Adjustme nts Acquisition- Re structuring Re late d and O the r Amortiz ation Adjuste d U.S. GAAP Charge s (1) Charge s, Ne t (1) Expe nse (1) (Non-GAAP) (3) ($ in millions, e xce pt pe r
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 Se pte mbe r 25, Se pte mbe r 26, 2026 2025 ($ in millions) Net income $ 900 $ 663 Loss from discontinued operations 1 1 Income tax expense 175 233 Other expense, net 9 11 Interest expense 31 29 Interest income (2
Slide 25: Reconciliation of Free Cash Flow
Reconciliation of Free Cash Flow For the Q uarte rs Ende d For the Ye ars Ende d Se pte mbe r 25, Se pte mbe r 26, Se pte mbe r 25, Se pte mbe r 26, 2026 2025 2026 2025 (in millions) Net cash provided by operating activities $ 1,528 $ 1,421 $ 4,525 $ 4,139 Net cash used in investing activities (302)
Slide 26: Free Cash Flow Conversion
Free Cash Flow Conversion For the Q uarte rs Ende d For the Ye ars Ende d Se pte mbe r 25, Se pte mbe r 26, Se pte mbe r 25, Se pte mbe r 26, 2026 2025 2026 2025 ($ in millions) (1) Free cash flow $ 1,241 $ 1,154 $ 3,412 $ 3,214 Adjusted income from continuing operations (1) $ 914 $ 773 $ 3,388 $ 2,
Slide 27: Reconciliation of Forward-Looking Non-GAAP Financial Measures
Reconciliation of Forward-Looking Non-GAAP Financial Measures to Forward-Looking GAAP Financial Measures O utlook for Q uarte r Ending De ce mbe r 25, O utlook for (1) 2026 Fiscal 2027 (1) Diluted earnings per share from continuing operations $ 3.04 Acquisition-related charges 0.06 Restructuring and