TE Connectivity 10-Q 2026-06-26

Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q


(Mark One)
☒	QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the Quarterly Period Ended June 26, 2026
or
☐	TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

001-33260

(Commission File Number)

TE CONNECTIVITY PLC

(Exact name of registrant as specified in its charter)

Ireland (Jurisdiction of Incorporation)	98-1779916 (I.R.S. Employer Identification No.)	+353 91 378 040 (Registrant’s telephone number)
Parkmore Business Park West, Parkmore, Ballybrit, Galway, H91VN2T, Ireland (Address and postal code of principal executive offices)

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 (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer ☒	Accelerated filer ☐	Non-accelerated filer ☐	Smaller reporting company ☐	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. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The number of ordinary shares outstanding as of July 20, 2026 was 289,513,228.

TE CONNECTIVITY PLC

INDEX TO FORM 10-Q



				Page
Part I.		Financial Information
Item 1.		Financial Statements		1
		Condensed Consolidated Statements of Operations for the Quarters and Nine Months Ended June 26, 2026 and June 27, 2025 (unaudited)		1
		Condensed Consolidated Statements of Comprehensive Income for the Quarters and Nine Months Ended June 26, 2026 and June 27, 2025 (unaudited)		2
		Condensed Consolidated Balance Sheets as of June 26, 2026 and September 26, 2025 (unaudited)		3
		Condensed Consolidated Statements of Shareholders’ Equity for the Quarters and Nine Months Ended June 26, 2026 and June 27, 2025 (unaudited)		4
		Condensed Consolidated Statements of Cash Flows for the Nine Months Ended June 26, 2026 and June 27, 2025 (unaudited)		6
		Notes to Condensed Consolidated Financial Statements (unaudited)		7
Item 2.		Management’s Discussion and Analysis of Financial Condition and Results of Operations		22
Item 3.		Quantitative and Qualitative Disclosures About Market Risk		36
Item 4.		Controls and Procedures		36

Part II.		Other Information
Item 1.		Legal Proceedings		37
Item 1A.		Risk Factors		37
Item 2.		Unregistered Sales of Equity Securities and Use of Proceeds		37
Item 5.		Other Information		38
Item 6.		Exhibits		38
Signatures				39

i

PART I. FINANCIAL INFORMATION

Item 1. FINANCIAL STATEMENTS

TE CONNECTIVITY PLC

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)


		For the						For the
		Quarters Ended						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

See accompanying Notes to Condensed Consolidated Financial Statements.

TE CONNECTIVITY PLC

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(UNAUDITED)


		For the						For the
		Quarters Ended						Nine Months Ended
		June 26,			June 27,			June 26,			June 27,
		2026			2025			2026			2025

		(in millions)
Net income		$	748		$	638		$	2,353		$	1,179
Other comprehensive income (loss):
Currency translation			6			89			114			(56)
Adjustments to unrecognized pension and postretirement benefit costs, net of income taxes			1			1			3			(6)
Gains (losses) on cash flow hedges, net of income taxes			(65)			(8)			(34)			21
Other comprehensive income (loss)			(58)			82			83			(41)
Comprehensive income			690			720			2,436			1,138
Less: comprehensive (income) loss attributable to noncontrolling interests			2			(11)			4			(7)
Comprehensive income attributable to TE Connectivity plc		$	692		$	709		$	2,440		$	1,131

See accompanying Notes to Condensed Consolidated Financial Statements.

TE CONNECTIVITY PLC

CONDENSED 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 (Note 9)
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 authori

Showing the first 8K of 153K characters. Open the full section

Item 5. OTHER INFORMATION

Rule 10b5-1 Trading Arrangements

In the quarter ended June 26, 2026, none of our directors or officers (as defined in Rule 16a-1(f) of the Exchange Act) adopted or terminated a plan for the purchase or sale of our securities intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) or a non-Rule 10b5-1 trading arrangement for the purchase or sale of our securities, within the meaning of Item 408 of Regulation S-K.

ITEM 6. EXHIBITS


Exhibit Number		Exhibit
22.1	*	Guaranteed Securities
31.1	*	Certification by the Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2	*	Certification by the Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1	**	Certification by the Chief Executive Officer and Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS	*	Inline XBRL Instance Document(1)
101.SCH	*	Inline XBRL Taxonomy Extension Schema Document
101.CAL	*	Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF	*	Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB	*	Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE	*	Inline XBRL Taxonomy Extension Presentation Linkbase Document
104	*	Cover Page Interactive Data File(2)

*Filed herewith

**	Furnished herewith

(1)	The instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document

(2)	Formatted in Inline XBRL and contained in exhibit 101

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, thereunto duly authorized.


	TE CONNECTIVITY PLC

	By:	/s/ Heath A. Mitts Heath A. Mitts Executive Vice President and Chief Financial Officer (Principal Financial Officer)

Date: July 24, 2026