What changed in this filing

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Item 1. Financial Statements

2026-07-24 compared with 2026-04-24 · 135 added, 101 removed, 446 unchanged (35% of the section changed)

3 unchanged sentences

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions, except per share data)

23 unchanged sentences

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

45 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY

For the Quarter Ended March 27, 2026

For the Quarter Ended June 26, 2026

Ordinary Shares

4 unchanged sentences

(in millions)

Balance at December 26, 2025

Balance at March 27, 2026

Other comprehensive loss

4 unchanged sentences

Repurchase of ordinary shares

Cancellation of treasury shares

Balance at March 27, 2026

For the Six Months Ended March 27, 2026

Balance at June 26, 2026

For the Nine Months Ended June 26, 2026

Ordinary Shares

12 unchanged sentences

Cancellation of treasury shares

Balance at March 27, 2026

Balance at June 26, 2026

TE CONNECTIVITY PLC

1 unchanged sentence

(UNAUDITED) (Continued)

For the Quarter Ended March 28, 2025

For the Quarter Ended June 27, 2025

Ordinary Shares

5 unchanged sentences

(in millions)

Balance at December 27, 2024

Balance at March 28, 2025

Other comprehensive income

3 unchanged sentences

Repurchase of ordinary shares

Balance at March 28, 2025

For the Six Months Ended March 28, 2025

Balance at June 27, 2025

For the Nine Months Ended June 27, 2025

Ordinary Shares

13 unchanged sentences

Repurchase of ordinary shares

Balance at March 28, 2025

Balance at June 27, 2025

See accompanying Notes to Condensed Consolidated Financial Statements.

1 unchanged sentence

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended

Nine Months Ended

(in millions)

20 unchanged sentences

Cash flows from financing activities:

Net increase in commercial paper

Net increase (decrease) in commercial paper

Proceeds from issuance of debt

3 unchanged sentences

Payment of ordinary share dividends to shareholders

Net cash provided by (used in) financing activities

Net cash used in financing activities

Effect of currency translation on cash

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

Net decrease in cash, cash equivalents, and restricted cash

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

14 unchanged sentences

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

1 unchanged sentence

Costs related to change in place of incorporation

Other charges (credits), net

Other charges, net

Restructuring and other charges, net

2 unchanged sentences

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

13 unchanged sentences

Employee severance

Facility and other exit costs

Pre-Fiscal 2025 Actions:

1 unchanged sentence

Facility and other exit costs

Property, plant, and equipment

Total Activity

1 unchanged sentence

During fiscal 2026, we initiated a restructuring program to optimize our manufacturing footprint and improve the cost structure of our organization.

During the six months ended March 27, 2026, we recorded restructuring charges of $ 6 million in connection with this program.

We expect to complete all restructuring actions commenced during the six months ended March 27, 2026 by the end of fiscal 2028 and anticipate that additional charges related to actions commenced during the six months ended March 27, 2026 will be insignificant.

During the nine months ended June 26, 2026, we recorded restructuring charges of $ 86 million in connection with this program.

We expect to complete all restructuring actions commenced during the nine months ended June 26, 2026 by the end of fiscal 2029 and to incur additional charges of approximately $ 20 million related primarily to employee severance and property, plant, and equipment in the Transportation Solutions segment.

Fiscal 2025 Actions

During fiscal 2025, we initiated a restructuring program associated with footprint consolidation and cost structure improvements in both of our segments.

In connection with this program, during the six months ended March 27, 2026 and March 28, 2025, we recorded restructuring credits of $ 3 million and charges of $ 77 million, respectively.

In connection with this program, during the nine months ended June 26, 2026 and June 27, 2025, we recorded net restructuring credits of $ 2 million and charges of $ 80 million, respectively.

We expect to complete all restructuring actions commenced during fiscal 2025 by the end of fiscal 2033 and to incur additional charges of approximately $ 10 million related primarily to facility exit costs in the Industrial Solutions segment.

Pre-Fiscal 2025 Actions

During both the six months ended March 27, 2026 and March 28, 2025, we recorded net restructuring charges of $ 10 million related to pre-fiscal 2025 actions.

During the nine months ended June 26, 2026 and June 27, 2025, we recorded net restructuring charges of $ 12 million and $ 17 million, respectively, related to pre-fiscal 2025 actions.

We expect that any additional charges related to restructuring actions commenced prior to fiscal 2025 will be insignificant.

8 unchanged sentences

Restructuring reserves

During the six months ended March 27, 2026, we acquired one business for a cash purchase price of $ 200 million, net of cash acquired.

Fiscal 2026 Acquisition

During the nine months ended June 26, 2026, we acquired one business for a cash purchase price of $ 200 million, net of cash acquired.

The acquisition includes certain earn-out provisions based on business performance for which we have estimated the acquisition-date fair value to be approximately $ 150 million.

The acquired business has been reported as part of our Industrial Solutions segment from the date of acquisition.

During the six months ended March 28, 2025, we acquired two businesses for a combined cash purchase price of $ 321 million, net of cash acquired.

Fiscal 2025 Acquisitions

Richards Manufacturing Co.

On April 1, 2025, we acquired 100 % of Richards Manufacturing Co.

(“Richards Manufacturing”), a U.S.-based producer of overhead and underground electrical and gas distribution products, for cash of approximately $ 2.3 billion, net of cash acquired.

The acquired business has been reported as part of the energy business within our Industrial Solutions segment from the date of acquisition.

The Richards Manufacturing acquisition was accounted for under the provisions of Accounting Standards Codification 805, Business Combinations .

We allocated the purchase price to tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values.

During the quarter ended June 26, 2026, we finalized the valuation of identifiable intangible assets, fixed assets, and pre-acquisition contingencies.

Adjustments to the estimated fair values of the assets acquired and liabilities assumed presented at September 26, 2025 were not material.

Pro Forma Financial Information

The following unaudited pro forma financial information reflects our consolidated results of operations had the Richards Manufacturing acquisition occurred at the beginning of fiscal 2024:

Pro Forma for the

Quarter Ended

Nine Months Ended

(in millions, except per share data)

Diluted earnings per share

The significant pro forma adjustments, which are described below, are net of income tax expense (benefit) at the statutory rate.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Pro forma results for the quarter ended June 27, 2025 were adjusted to exclude $ 16 million of acquisition costs.

Pro forma results for the quarter ended June 27, 2025 were also adjusted to include $ 6 million of interest expense based on pro forma changes in our capital structure.

Pro forma results for the nine months ended June 27, 2025 were adjusted to exclude $ 18 million of acquisition costs.

Pro forma results for the nine months ended June 27, 2025 were also adjusted to include $ 34 million of interest expense based on pro forma changes in our capital structure and $ 17 million of charges related to the amortization of the fair value of acquired intangible assets.

Pro forma results do not include any anticipated synergies or other anticipated benefits of the acquisition.

Accordingly, the unaudited pro forma financial information is not necessarily indicative of either future results of operations or results that might have been achieved had the Richards Manufacturing acquisition occurred at the beginning of fiscal 2024.

Other Acquisitions

During the nine months ended June 27, 2025, we acquired two additional businesses for a combined cash purchase price of $ 321 million, net of cash acquired.

The acquired businesses have been reported as part of our Industrial Solutions segment from the date of acquisition.

11 unchanged sentences

Currency translation

March 27, 2026 (1)

(1) At March 27, 2026 and September 26, 2025, accumulated impairment losses for the Transportation Solutions and Industrial Solutions segments were $ 3,091 million and $ 1,158 million, respectively.

June 26, 2026 (1)

(1) At June 26, 2026 and September 26, 2025, accumulated impairment losses for the Transportation Solutions and Industrial Solutions segments were $ 3,091 million and $ 1,158 million, respectively.

During the nine months ended June 26, 2026, we recognized goodwill in the Industrial Solutions segment in connection with a recent acquisition.

See Note 3 for additional information regarding acquisitions.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

During the six months ended March 27, 2026, we recognized goodwill in the Industrial Solutions segment in connection with a recent acquisition.

See Note 3 for additional information regarding acquisitions.

Intangible Assets, Net

Net intangible assets consisted of the following:

March 27, 2026

June 26, 2026

September 26, 2025

2 unchanged sentences

Intellectual property

Intangible asset amortization expense was $ 57 million and $ 41 million for the quarters ended March 27, 2026 and March 28, 2025, respectively, and $ 114 million and $ 80 million for the six months ended March 27, 2026 and March 28, 2025, respectively.

At March 27, 2026, the aggregate amortization expense on intangible assets is expected to be as follows:

Intangible asset amortization expense was $ 56 million and $ 52 million for the quarters ended June 26, 2026 and June 27, 2025, respectively, and $ 170 million and $ 132 million for the nine months ended June 26, 2026 and June 27, 2025, respectively.

At June 26, 2026, the aggregate amortization expense on intangible assets is expected to be as follows:

(in millions)

Remainder of fiscal 2026

During the quarter ended March 27, 2026, Tyco Electronics Group S.A.

During the nine months ended June 26, 2026, Tyco Electronics Group S.A.

(“TEGSA”), our wholly-owned subsidiary, issued $ 200 million aggregate principal amount of 4.50 % senior notes due in February 2031 and $ 550 million aggregate principal amount of 4.875 % senior notes due in February 2036.

1 unchanged sentence

The new notes are TEGSA’s unsecured senior obligations and rank equally in right of payment with all existing and any future senior indebtedness of TEGSA and senior to any subordinated indebtedness that TEGSA may incur.

During the quarter ended March 27, 2026, TEGSA repaid, at maturity, $ 500 million of 4.50 % senior notes and $ 350 million of 3.70 % senior notes, both due in February 2026.

At March 27, 2026, TEGSA had $ 100 million of commercial paper outstanding at a weighted-average interest rate of 4.0 %.

During the nine months ended June 26, 2026, TEGSA repaid, at maturity, $ 500 million of 4.50 % senior notes and $ 350 million of 3.70 % senior notes, both due in February 2026.

At June 26, 2026, TEGSA had $ 100 million of commercial paper outstanding at a weighted-average interest rate of 3.95 %.

TEGSA had no commercial paper outstanding at September 26, 2025.

TEGSA entered into a new five-year unsecured senior revolving credit facility (“Credit Facility”) in February 2026 with aggregate commitments of $ 3.0 billion, which refinanced and replaced in full TEGSA’s existing $ 1.5 billion five-year

The Credit Facility matures in February 2031 and contains provisions that allow for incremental commitments of up to $ 1.0 billion, subject to terms and conditions in the

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

unsecured senior revolving credit facility (the “Replaced Credit Facility”).

The Credit Facility matures in February 2031 and contains provisions that allow for incremental commitments of up to $ 1.0 billion, subject to terms and conditions in the Credit Facility.

TEGSA had no borrowings under the Credit Facility at March 27, 2026 or the Replaced Credit Facility at September 26, 2025.

Credit Facility.

TEGSA had no borrowings under the Credit Facility at June 26, 2026 or the Replaced Credit Facility at September 26, 2025.

Borrowings under the Credit Facility bear interest at a rate per annum equal to, at the option of TEGSA, (1) with respect to borrowings in U.S.

3 unchanged sentences

Payment obligations under TEGSA’s senior notes, commercial paper, and Credit Facility are fully and unconditionally guaranteed on an unsecured basis by TEGSA’s parent, TE Connectivity Switzerland Ltd., and its parent, TE Connectivity plc.

The fair value of our debt, based on indicative valuations, was approximately $ 5,568 million and $ 5,725 million at March 27, 2026 and September 26, 2025, respectively.

The fair value of our debt, based on indicative valuations, was approximately $ 5,602 million and $ 5,725 million at June 26, 2026 and September 26, 2025, respectively.

The components of lease cost were as follows:

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

3 unchanged sentences

Cash flow information, including significant non-cash transactions, related to leases was as follows:

Six Months Ended

Nine Months Ended

(in millions)

10 unchanged sentences

Trade Compliance Matters

As part of our ongoing internal compliance activities, we have been investigating compliance with relevant country of origin for import matters and recently made a voluntary disclosure to the U.S.

Customs and Border Protection Agency regarding potential Section 301 unpaid duties, fees, and interest for certain imported products into the U.S.

We are unable to predict the timing and final outcome of investigation into this matter.

An unfavorable outcome may include unpaid duties, fees, interest, and penalties imposed in response to our disclosures.

Based on currently available information, we have reserved an aggregate of $ 27 million related to this exposure.

The investigation into this matter has yet to be completed and the final outcome of such investigation and related duties, fees, interest, and potential penalties may differ from amounts currently reserved.

As previously reported, as part of our ongoing internal compliance activities, we conducted an investigation related to country of origin for import matters.

During the quarter ended June 26, 2026, we filed a perfected prior disclosure to the U.S.

Customs and Border Protection Agency (“CBP”) regarding Section 301 unpaid duties, fees, and interest for certain imported products into the U.S.

and paid $ 14 million to CBP to resolve this matter.

Although CBP has not yet completed its review of the disclosure, we do not expect that the outcome of the review will have a material effect on our results of operations, financial position, or cash flows.

Environmental Matters

1 unchanged sentence

The ultimate cost of site cleanup is difficult to predict given the uncertainties regarding the extent of the required cleanup, the interpretation of applicable laws and regulations, and alternative cleanup methods.

As of March 27, 2026, we concluded that we would incur investigation and remediation costs at these sites in the reasonably possible range of $ 20 million to $ 53 million, and we accrued $ 27 million as the probable loss, which was the best estimate within this range.

As of June 26, 2026, we concluded that we would incur investigation and remediation costs at these sites in the reasonably possible range of $ 20 million to $ 53 million, and we accrued $ 27 million as the probable loss, which was the best estimate within this range.

We believe that any potential payment of such estimated amounts will not have a material adverse effect on our results of operations, financial position, or cash flows.

1 unchanged sentence

We do not expect that these uncertainties will have a material adverse effect on our results of operations, financial position, or cash flows.

At March 27, 2026, we had outstanding letters of credit, letters of guarantee, and surety bonds of $ 251 million to support normal business activities.

At June 26, 2026, we had outstanding letters of credit, letters of guarantee, and surety bonds of $ 277 million to support normal business activities.

Supply Chain Finance Program

2 unchanged sentences

We do not determine the terms or conditions of the arrangement between the financial institution and suppliers.

Our obligation to suppliers, including amounts due and scheduled payment dates, are not impacted

Our obligation to suppliers, including amounts due and scheduled payment dates, are not impacted by the suppliers’ decisions to finance amounts under the arrangement and we are not required to post collateral with the financial institution.

The outstanding payment obligations under our supply chain finance program, which are included in

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

by the suppliers’ decisions to finance amounts under the arrangement and we are not required to post collateral with the financial institution.

The outstanding payment obligations under our supply chain finance program, which are included in accounts payable on our Condensed Consolidated Balance Sheets, were $ 134 million and $ 161 million at March 27, 2026 and September 26, 2025, respectively.

accounts payable on our Condensed Consolidated Balance Sheets, were $ 142 million and $ 161 million at June 26, 2026 and September 26, 2025, respectively.

Financial Instruments

5 unchanged sentences

We hedge our net investment in certain foreign operations using intercompany loans and external borrowings denominated in the same currencies.

The aggregate notional value of these hedges was $ 3,370 million and $ 4,212 million at March 27, 2026 and September 26, 2025, respectively.

The aggregate notional value of these hedges was $ 3,888 million and $ 4,212 million at June 26, 2026 and September 26, 2025, respectively.

We also use a cross-currency swap program to hedge our net investment in certain foreign operations.

The aggregate notional value of the contracts under this program was $ 5,712 million and $ 5,671 million at March 27, 2026 and September 26, 2025, respectively.

The aggregate notional value of the contracts under this program was $ 5,755 million and $ 5,671 million at June 26, 2026 and September 26, 2025, respectively.

Under the terms of these contracts, we receive interest in U.S.

9 unchanged sentences

Other liabilities

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The impacts of our hedge of net investment programs were as follows:

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

2 unchanged sentences

(1) Recorded as currency translation, a component of accumulated other comprehensive income (loss), and offset by changes attributable to the translation of the net investment.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Commodity Hedges

1 unchanged sentence

The objective of these contracts is to minimize impacts to cash flows and profitability due to changes in prices of commodities used in production.

These contracts had an aggregate notional value of $ 644 million and $ 569 million at March 27, 2026 and September 26, 2025, respectively, and were designated as cash flow hedges.

These contracts had an aggregate notional value of $ 770 million and $ 569 million at June 26, 2026 and September 26, 2025, respectively, and were designated as cash flow hedges.

These commodity swap contracts were recorded on the Condensed Consolidated Balance Sheets as follows:

6 unchanged sentences

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

2 unchanged sentences

We expect that significantly all of the balance in accumulated other comprehensive income (loss) associated with commodity hedges will be reclassified into the Condensed Consolidated Statement of Operations within the next twelve months.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Retirement Plans

11 unchanged sentences

Net periodic pension benefit cost (credit)

Six Months Ended

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Nine Months Ended

(in millions)

6 unchanged sentences

Net periodic pension benefit cost (credit)

During the six months ended March 27, 2026, we contributed $ 23 million and $ 8 million to our non-U.S.

During the nine months ended June 26, 2026, we contributed $ 35 million and $ 14 million to our non-U.S.

pension plans, respectively.

We recorded income tax expense of $ 87 million and $ 742 million for the quarters ended March 27, 2026 and March 28, 2025, respectively.

The income tax expense for quarter ended March 27, 2026 included a $ 114 million net income tax benefit related primarily to the settlement of prior period tax matters.

The income tax expense for the quarter ended March 28, 2025 included $ 574 million of income tax expense 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.

We recorded income tax expense of $ 297 million and $ 920 million for the six months ended March 27, 2026 and March 28, 2025, respectively.

The income tax expense for the six months ended March 27, 2026 included a $ 114 million net income tax benefit related primarily to the settlement of prior period tax matters.

The income tax expense for the six months ended March 28, 2025 included $ 574 million of income tax expense 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.

In addition, the

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

income tax expense for the six months ended March 28, 2025 included $ 13 million of income tax expense related to the revaluation of deferred tax assets as a result of a decrease in the corporate tax rate in a non-U.S.

We recorded income tax expense of $ 223 million and $ 208 million for the quarters ended June 26, 2026 and June 27, 2025, respectively.

We recorded income tax expense of $ 520 million and $ 1,128 million for the nine months ended June 26, 2026 and June 27, 2025, respectively.

The income tax expense for the nine months ended June 26, 2026 included a $ 114 million net income tax benefit related primarily to the settlement of prior period tax matters.

The income tax expense for the nine months ended June 27, 2025 included $ 574 million of income tax expense 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.

In addition, the income tax expense for the nine months ended June 27, 2025 included $ 13 million of income tax expense 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.

We record accrued interest and penalties related to uncertain tax positions as part of income tax expense (benefit).

As of March 27, 2026 and September 26, 2025, we had $ 41 million and $ 89 million, respectively, of accrued interest and penalties related to uncertain tax positions on the Condensed Consolidated Balance Sheets, recorded primarily in income taxes.

During the six months ended March 27, 2026, we recognized an income tax benefit of $ 48 million related to interest and penalties on the Condensed Consolidated Statements of Operations.

As of June 26, 2026 and September 26, 2025, we had $ 44 million and $ 89 million, respectively, of accrued interest and penalties related to uncertain tax positions on the Condensed Consolidated Balance Sheets, recorded primarily in income taxes.

During the nine months ended June 26, 2026, we recognized an income tax benefit of $ 45 million related to interest and penalties on the Condensed Consolidated Statements of Operations.

Substantially all of this income tax benefit was recognized as part of the settlement of prior period tax matters discussed above.

2 unchanged sentences

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

Dilutive impact of share-based compensation arrangements

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

The following share options were not included in the computation of diluted earnings per share because the instruments’ underlying exercise prices were greater than the average market prices of our ordinary shares and inclusion would be antidilutive:

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

6 unchanged sentences

Quarters Ended

Six Months Ended

Nine Months Ended

Dividends paid per ordinary share

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

In March 2026 , our Board of Directors declared a regular quarterly cash dividend of $ 0.78 per ordinary share, payable on June 12, 2026 , to shareholders of record on May 22, 2026 .

In June 2026 , our Board of Directors approved an interim cash dividend of $ 0.78 per ordinary share, payable on September 11, 2026 , to shareholders of record on August 21, 2026 .

Share Repurchase Program

During the quarter ended March 27, 2026, our Board of Directors authorized an increase of $ 3.0 billion in our share repurchase program.

During the nine months ended June 26, 2026, our Board of Directors authorized an increase of $ 3.0 billion in our share repurchase program.

Ordinary shares repurchased under the share repurchase program were as follows:

Six Months Ended

Nine Months Ended

(in millions)

1 unchanged sentence

Repurchase value

At March 27, 2026, we had $ 3.6 billion of availability remaining under our share repurchase authorization.

At June 26, 2026, we had $ 3.0 billion of availability remaining under our share repurchase authorization.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Share-based compensation expense, which was included in selling, general, and administrative expenses on the Condensed Consolidated Statements of Operations, was as follows:

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

Share-based compensation expense

As of March 27, 2026, there was $ 193 million of unrecognized compensation expense related to share-based awards, which is expected to be recognized over a weighted-average period of 1.5 years.

As of June 26, 2026, there was $ 166 million of unrecognized compensation expense related to share-based awards, which is expected to be recognized over a weighted-average period of 1.4 years.

During the quarter ended December 26, 2025, we granted the following share-based awards as part of our annual incentive plan grant:

3 unchanged sentences

Performance share awards

As of March 27, 2026, we had 17 million shares available for issuance under the TE Connectivity plc 2024 Stock and Incentive Plan, amended and restated as of September 30, 2024.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

As of June 26, 2026, we had 17 million shares available for issuance under the TE Connectivity plc 2024 Stock and Incentive Plan, amended and restated as of September 30, 2024.

Share-Based Compensation Assumptions

The assumptions we used in the Black-Scholes-Merton option pricing model for the options granted as part of our annual incentive plan grant were as follows:

The assumptions we used in the Black-Scholes-Merton option pricing model for the options granted as part of our annual incentive plan grant during the quarter ended December 26, 2025 were as follows:

Expected share price volatility

3 unchanged sentences

Segment and Geographic Data

Effective at the beginning of the third quarter of fiscal 2026, we realigned a product line within the Transportation Solutions segment.

The realignment did not result in any changes at the segment level.

The following information reflects our current reporting structure.

Prior period results have been recast to conform to the current reporting structure.

As a result of the realignment, which was not significant, $ 30 million and $ 38 million of net sales were transferred from the commercial transportation business to the automotive business within the Transportation Solutions segment for the six months ended March 27, 2026 and nine months ended June 27, 2025, respectively.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Net sales by segment (1) and industry end market were as follows:

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

8 unchanged sentences

(1) Intersegment sales were not material.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Net sales by geographic region (1) and segment were as follows:

Quarters Ended

Six Months Ended

Nine Months Ended

(in millions)

13 unchanged sentences

The following table presents operating results and other data by reportable segment:

For the Quarter Ended March 27, 2026

For the Six Months Ended March 27, 2026

For the Quarter Ended June 26, 2026

For the Nine Months Ended June 26, 2026

Transportation

7 unchanged sentences

Capital expenditures

For the Quarter Ended March 28, 2025

For the Six Months Ended March 28, 2025

For the Quarter Ended June 27, 2025

For the Nine Months Ended June 27, 2025

Transportation

17 unchanged sentences

(1) Segment assets are composed of accounts receivable, inventories, and net property, plant, and equipment.

TE CONNECTIVITY PLC

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

Subsequent Event

On July 22, 2026, we entered into a definitive agreement to acquire Astrodyne TDI, a leading manufacturer of power and filter solutions, for approximately $ 1.4 billion in cash.

The transaction, which is expected to close by the end of calendar year 2026, is subject to customary regulatory approvals and other closing conditions.

The business will be reported as part of our Industrial Solutions segment.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements