TE Connectivity (TEL) investor relations material

Executive summary

• Achieved record Q3 net sales of $4.53B, up 14% year-over-year, led by strong Industrial segment growth and supported by the Richards acquisition.

• Adjusted EPS reached $2.27, up 19% year-over-year, exceeding guidance; GAAP EPS was $2.14.

• Record free cash flow for Q3 was $962M, with $2.1B year-to-date and $1.5B returned to shareholders.

• Strategic investments in AI, energy, and localization of production drove performance.

• Completed $2.3B Richards acquisition, expanding the energy business within Industrial Solutions.

Financial highlights

• Q3 2025 net sales: $4.53B, up from $3.98B in Q3 2024; nine-month net sales: $12.51B, up from $11.78B.

• Adjusted operating income was $901M, with a record 19.9% margin; operating margin was 18.9%.

• Q3 net income: $638M, up from $573M a year ago; diluted EPS: $2.14, up from $1.86.

• Free cash flow for Q3 was $962M, up from $867M in Q3 2024; year-to-date free cash flow was $2.1B.

• Orders matched net sales at $4.5B, up 8% year-over-year and 5% sequentially.

Outlook and guidance

• Q4 2025 net sales expected at $4.55B, up 12% reported and 6% organically year-over-year.

• Q4 adjusted EPS guidance is $2.27, up 16% year-over-year; GAAP EPS expected at $2.18.

• Full-year 2025 guidance implies 8% reported and 5% organic sales growth, with adjusted EPS up 13% year-over-year.

• Guidance reflects positive FX impacts and benefits from the Richards acquisition.

• Organic net sales growth for Q4 projected at 5.5%.