Form 8-K - Current report

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): January 22, 2025

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
0.00% Senior Notes due 2025*	TEL/25	New York Stock Exchange
0.00% Senior Notes due 2029*	TEL/29	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 January 22, 2025, TE Connectivity plc (the “Company”) issued a press release reporting the Company’s first quarter results for fiscal 2025. 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 January 22, 2025 (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 January 22, 2025

99.2		Presentation - TE Connectivity Q1 2025 Earnings Call (January 22, 2025)

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: January 22, 2025	TE CONNECTIVITY PLC

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

Exhibit 99.1

NEWS RELEASE

te.com

TE Connectivity announces first quarter results for fiscal year 2025

EPS above guidance with record first quarter cash generation

GALWAY, Ireland – Jan. 22, 2025 – TE Connectivity plc (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 27, 2024.

First Quarter Highlights

●

Net sales were $3.84 billion, flat year over year and as expected on an organic basis.

●

Compared to guidance, sales were unfavorably impacted by increased currency exchange headwinds.

●

Earnings per share (EPS) above guidance, with GAAP diluted EPS from continuing operations at $1.75. Adjusted EPS was $1.95, up approximately 6% year over year.

●

Orders of $4.0 billion, up 6% year over year and 4% sequentially, driven by the Industrial segment, with increased momentum in artificial intelligence programs.

●

Operating margin was 18% and adjusted operating margin was a quarterly record at 19.4%, driven by strong operational execution.

●

Record first quarter cash generation, including:

●

Cash from operating activities of $878 million, up 22% year over year.

●

Free cash flow of $674 million, up 18% year over year.

●

Returned approximately $500 million to shareholders and deployed $325 million for bolt-on acquisitions in the Industrial segment.

●

Named to Dow Jones Sustainability Index for the 13^th consecutive year.

“I’m pleased that our team began the fiscal year with a strong operational performance, highlighted by adjusted EPS above guidance and records in both adjusted operating margin and first quarter free cash flow,” said TE Connectivity CEO Terrence Curtin. “In our Transportation segment, we continued to navigate an uneven global vehicle production environment to deliver a strong result while continuing to innovate with our global customers in growth trends such as electrification and next-generation vehicle data connectivity. We delivered double digit sales growth in our Industrial segment and expanded margins, driven by momentum in AI programs across multiple customers, as well as capitalizing on ongoing strength in our AD&M and Energy businesses.

“As we continue our operational excellence and innovate with our valued customers, we expect second quarter sales to be up sequentially and adjusted EPS to be up year over year and compared to the first quarter. We remain excited about capitalizing on long-term growth opportunities, including our bolt-on acquisition strategy and margin expansion plans, to keep delivering on our value creation model.”

Second Quarter FY25 Outlook

For the second quarter of fiscal 2025, the company expects net sales of approximately $3.95 billion. GAAP EPS from continuing operations is expected to be approximately ($0.05), which includes a one-time non-cash tax charge due to changes in tax law in the second quarter of 2025. Adjusted EPS is expected to be approximately $1.96, up 5% year over year. Second quarter guidance includes $0.06 of currency exchange and tax headwinds compared to the prior year.

Beginning this fiscal year, the company has two reportable segments – Transportation Solutions and Industrial Solutions – resulting from a reorganization announced in the fourth quarter of fiscal 2024. The company provided recast financial information in an 8-K filing on Dec. 17, 2024.

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.

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 (800) 715-9871 and for international callers, the dial-in number is (646) 307-1963

●

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 Jan. 22.

About TE Connectivity

TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. Our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, renewable energy, automated factories, data centers, medical technology and more. With more than 85,000 employees, including 9,000 engineers, working alongside customers in approximately 130 countries, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat, Instagram and X (formerly Twitter).

Non-GAAP Financial Measures

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, 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, 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, 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 (loss) per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, 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. In addition, our change of incorporation from Switzerland to Ireland is subject to risks, such as the risk that the anticipated advantages might not materialize, as well as the risks that the price of our stock could decline and our position on stock exchanges and indices could change, and Irish corporate governance and regulatory schemes could prove different or more challenging than currently expected. 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 27, 2024, 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.

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
	December 27,		December 29,
	2024		2023

	(in millions, except per share data)
Net sales	$	3,836	$	3,831
Cost of sales		2,476		2,507
Gross margin		1,360		1,324
Selling, general, and administrative expenses		427		424
Research, development, and engineering expenses		188		173
Acquisition and integration costs		5		8
Restructuring and other charges, net		50		21
Operating income		690		698
Interest income		23		22
Interest expense		(6)		(18)
Other expense, net		(1)		(3)
Income from continuing operations before income taxes		706		699
Income tax (expense) benefit		(178)		1,105
Income from continuing operations		528		1,804
Loss from discontinued operations, net of income taxes		—		(1)
Net income	$	528	$	1,803

Basic earnings per share:
Income from continuing operations	$	1.77	$	5.80
Net income		1.77		5.80

Diluted earnings per share:
Income from continuing operations	$	1.75	$	5.76
Net income		1.75		5.76

Weighted-average number of shares outstanding:
Basic		299		311
Diluted		301		313

TE CONNECTIVITY PLC

CONSOLIDATED BALANCE SHEETS (UNAUDITED)


	December 27,		September 27,
	2024		2024

	(in millions, except share data)
Assets
Current assets:
Cash and cash equivalents	$	1,254	$	1,319
Accounts receivable, net of allowance for doubtful accounts of $34 and $32, respectively		2,912		3,055
Inventories		2,619		2,517
Prepaid expenses and other current assets		734		740
Total current assets		7,519		7,631
Property, plant, and equipment, net		3,759		3,903
Goodwill		5,835		5,801
Intangible assets, net		1,177		1,174
Deferred income taxes		3,270		3,497
Other assets		881		848
Total assets	$	22,441	$	22,854
Liabilities, redeemable noncontrolling interests, and shareholders' equity
Current liabilities:
Short-term debt	$	920	$	871
Accounts payable		1,859		1,728
Accrued and other current liabilities		1,694		2,147
Total current liabilities		4,473		4,746
Long-term debt		3,285		3,332
Long-term pension and postretirement liabilities		778		810
Deferred income taxes		203		199
Income taxes		396		411
Other liabilities		773		870
Total liabilities		9,908		10,368
Commitments and contingencies
Redeemable noncontrolling interests		124		131
Shareholders' equity:
Preferred shares, $1.00 par value, 2 shares authorized, none outstanding as of December 27, 2024		—		—
Ordinary class A shares, €1.00 par value, 25,000 shares authorized, none outstanding as of December 27, 2024		—		—
Ordinary shares, $0.01 par value, 1,500,000,000 shares authorized, 300,840,538 shares issued and common shares, CHF 0.57 par value, 316,574,781 shares authorized and issued, respectively		3		139
Accumulated earnings		12,933		14,533
Ordinary shares and common shares held in treasury, at cost, 2,074,979 and 16,656,681 shares, respectively		(310)		(2,322)
Accumulated other comprehensive income (loss)		(217)		5
Total shareholders' equity		12,409		12,355
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	$	22,441	$	22,854

TE CONNECTIVITY PLC

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)


	For the Quarters Ended
	December 27,		December 29,
	2024		2023

	(in millions)
Cash flows from operating activities:
Net income	$	528	$	1,803
Loss from discontinued operations, net of income taxes		—		1
Income from continuing operations		528		1,804
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:
Depreciation and amortization		186		194
Deferred income taxes		98		(1,217)
Non-cash lease cost		34		34
Provision for losses on accounts receivable and inventories		41		42
Share-based compensation expense		35		34
Other		12		40
Changes in assets and liabilities, net of the effects of acquisitions and divestitures:
Accounts receivable, net		146		127
Inventories		(118)		(282)
Prepaid expenses and other current assets		68		(48)
Accounts payable		150		128
Accrued and other current liabilities		(295)		(239)
Income taxes		30		12
Other		(37)		90
Net cash provided by operating activities		878		719
Cash flows from investing activities:
Capital expenditures		(205)		(151)
Proceeds from sale of property, plant, and equipment		1		2
Acquisition of businesses, net of cash acquired		(325)		(349)
Proceeds from divestiture of business, net of cash retained by business sold		—		38
Other		(8)		(8)
Net cash used in investing activities		(537)		(468)
Cash flows from financing activities:
Net increase (decrease) in commercial paper		90		(69)
Repayment of debt		—		(1)
Proceeds from exercise of share options		34		11
Repurchase of ordinary/common shares		(303)		(476)
Payment of ordinary/common share dividends to shareholders		(189)		(183)
Other		(27)		(27)
Net cash used in financing activities		(395)		(745)
Effect of currency translation on cash		(11)		3
Net decrease in cash, cash equivalents, and restricted cash		(65)		(491)
Cash, cash equivalents, and restricted cash at beginning of period		1,319		1,661
Cash, cash equivalents, and restricted cash at end of period	$	1,254	$	1,170

Supplemental cash flow information:
Income taxes paid, net of refunds		49		100

TE CONNECTIVITY PLC

RECONCILIATION OF FREE CASH FLOW (UNAUDITED)


	For the Quarters Ended
	December 27,		December 29,
	2024		2023

	(in millions)
Net cash provided by operating activities	$	878	$	719
Capital expenditures, net		(204)		(149)
Free cash flow ⁽¹⁾	$	674	$	570

⁽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
	December 27,				December 29,
	2024				2023

	($ in millions)
	Net Sales				Net Sales
Transportation Solutions	$	2,243			$	2,393
Industrial Solutions		1,593				1,438
Total	$	3,836			$	3,831


	Operating		Operating		Operating		Operating
	Income		Margin		Income		Margin
Transportation Solutions	$	446	19.9	%	$	487	20.4	%
Industrial Solutions		244	15.3			211	14.7
Total	$	690	18.0	%	$	698	18.2	%


	Adjusted		Adjusted		Adjusted		Adjusted
	Operating		Operating		Operating		Operating
	Income ⁽¹⁾		Margin ⁽¹⁾		Income ⁽¹⁾		Margin ⁽¹⁾
Transportation Solutions	$	478	21.3	%	$	504	21.1	%
Industrial Solutions		267	16.8			227	15.8
Total	$	745	19.4	%	$	731	19.1	%

⁽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 December 27, 2024
	versus Net Sales for the Quarter Ended December 29, 2023
	Net Sales				Organic Net Sales						Acquisitions/
	Growth (Decline)				Growth (Decline) ⁽¹⁾				Translation ⁽²⁾		(Divestiture)

	($ in millions)
Transportation Solutions ⁽³⁾:
Automotive	$	(74)	(4.1)	%	$	(55)	(3.0)	%	$	(7)	$	(12)
Commercial transportation		(44)	(12.4)			(41)	(11.6)			(3)		—
Sensors		(32)	(13.3)			(30)	(12.6)			(2)		—
Total Transportation Solutions		(150)	(6.3)			(126)	(5.2)			(12)		(12)
Industrial Solutions ⁽³⁾:
Automation and connected living		15	3.2			(21)	(4.5)			(2)		38
Aerospace, defense, and marine		44	15.2			45	15.4			(1)		—
Digital data networks		134	48.0			134	48.0			—		—
Energy		11	5.4			14	6.8			(3)		—
Medical		(49)	(24.5)			(49)	(24.5)			—		—
Total Industrial Solutions		155	10.8			123	8.6			(6)		38
Total	$	5	0.1	%	$	(3)	—	%	$	(18)	$	26

⁽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.
⁽³⁾ Industry end market information is presented consistently with our internal management reporting and may be periodically revised as management deems necessary.

TE CONNECTIVITY PLC

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES

For the Quarter Ended December 27, 2024

(UNAUDITED)


				Adjustments
				Acquisition-		Restructuring
				Related		and Other				Adjusted
	U.S. GAAP			Charges ⁽¹⁾		Charges, Net⁽¹⁾		Tax Items⁽²⁾		(Non-GAAP) ⁽³⁾

	($ in millions, except per share data)
Operating income:
Transportation Solutions	$	446		$	—	$	32	$	—	$	478
Industrial Solutions		244			5		18		—		267
Total	$	690		$	5	$	50	$	—	$	745

Operating margin		18.0	%								19.4	%

Income tax expense	$	(178)		$	(1)	$	(9)	$	13	$	(175)

Effective tax rate		25.2	%								23.0	%

Income from continuing operations	$	528		$	4	$	41	$	13	$	586

Diluted earnings per share from continuing operations	$	1.75		$	0.01	$	0.14	$	0.04	$	1.95

⁽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 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 December 29, 2023

(UNAUDITED)


				Adjustments
				Acquisition-		Restructuring
				Related		and Other				Adjusted
	U.S. GAAP			Charges ⁽¹⁾		Charges, Net⁽¹⁾		Tax Items⁽²⁾		(Non-GAAP) ⁽³⁾

	($ in millions, except per share data)
Operating income:
Transportation Solutions	$	487		$	—	$	14	$	3	$	504
Industrial Solutions		211			8		7		1		227
Total	$	698		$	8	$	21	$	4	$	731

Operating margin		18.2	%								19.1	%

Income tax (expense) benefit	$	1,105		$	(1)	$	(5)	$	(1,254)	$	(155)

Effective tax rate		(158.1)	%								21.2	%

Income from continuing operations	$	1,804		$	7	$	16	$	(1,250)	$	577

Diluted earnings per share from continuing operations	$	5.76		$	0.02	$	0.05	$	(3.99)	$	1.84

⁽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 an $874 million net income tax benefit associated with a ten-year tax credit obtained by a Swiss subsidiary and a $262 million income tax benefit related to the revaluation of deferred tax assets as a result of a corporate tax rate increase in Switzerland. Also includes a $118 million income tax benefit associated with the tax impacts of a legal entity restructuring with related costs of $4 million recorded in selling, general, and administrative expenses for other non-income taxes.
⁽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 March 29, 2024

(UNAUDITED)


				Adjustments
				Acquisition-		Restructuring
				Related		and Other		Adjusted
	U.S. GAAP			Charges ⁽¹⁾		Charges, Net⁽¹⁾		(Non-GAAP) ⁽²⁾

	($ in millions, except per share data)
Operating income:
Transportation Solutions	$	477		$	—	$	19	$	496
Industrial Solutions		215			3		21		239
Total	$	692		$	3	$	40	$	735

Operating margin		17.4	%						18.5	%

Income tax expense	$	(146)		$	(1)	$	(6)	$	(153)

Effective tax rate		21.3	%						21.0	%

Income from continuing operations	$	541		$	2	$	34	$	577

Diluted earnings per share from continuing operations	$	1.75		$	0.01	$	0.11	$	1.86

⁽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 Year Ended September 27, 2024

(UNAUDITED)


				Adjustments
				Acquisition-		Restructuring
				Related		and Other				Adjusted
	U.S. GAAP			Charges ⁽¹⁾		Charges, Net⁽¹⁾		Tax Items⁽²⁾		(Non-GAAP) ⁽³⁾

	($ in millions, except per share data)
Operating income:
Transportation Solutions	$	1,880		$	—	$	67	$	3	$	1,950
Industrial Solutions		916			21		99		1		1,037
Total	$	2,796		$	21	$	166	$	4	$	2,987

Operating margin		17.6	%								18.9	%

Income tax (expense) benefit	$	397		$	(3)	$	(29)	$	(1,016)	$	(651)

Effective tax rate		(14.2)	%								21.8	%

Income from continuing operations	$	3,194		$	18	$	137	$	(1,012)	$	2,337

Diluted earnings per share from continuing operations	$	10.34		$	0.06	$	0.44	$	(3.28)	$	7.56

⁽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 a $636 million net income tax benefit associated with a $972 million ten-year tax credit obtained by a Swiss subsidiary reduced by a $336 million valuation allowance related to the amount of the tax credit not expected to be realized. Also includes a $262 million income tax benefit related to the revaluation of deferred tax assets as a result of a corporate tax rate increase in Switzerland and a $118 million income tax benefit associated with the tax impacts of a legal entity restructuring with related costs of $4 million recorded in selling, general, and administrative expenses for other non-income taxes.
⁽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 January 22, 2025

(UNAUDITED)


	Outlook for
	Quarter Ending
	March 28,
	2025
Diluted loss per share from continuing operations	$	(0.05)
Restructuring and other charges, net		0.13
Acquisition-related charges		0.01
Tax items		1.87
Adjusted diluted earnings per share from continuing operations ⁽¹⁾	$	1.96


Net sales growth (decline)		(0.4)	%
Translation		2.8
(Acquisitions) divestitures, net		(1.1)
Organic net sales growth ⁽¹⁾		1.3	%

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

Exhibit 99.2

EVERY CONNECTION COUNTS TE Connectivity First Quarter 2025 Earnings January 22, 2025

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 interruption 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. In addition, our change of incorporation from Switzerland to Ireland is subject to risks, such as the risk that the anticipated advantages might not materialize, as well as the risks that the price of our stock could decline and our position on stock exchanges and indices could change, and Irish corporate governance and regulatory schemes could prove different or more challenging than currently expected. 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. 27, 2024 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. Forward-Looking Statements and Non-GAAP Financial Measures 2

Record Adjusted Operating Margins; Q1 EPS Above Guidance Driven by Strong Operational Performance ▪ Sales of $3.84B, flat year-over-year ▪ Organic sales as expected. Reported sales unfavorably impacted by increased currency exchange headwinds in the quarter ▪ Orders of $4.0B, up Y/Y and sequentially, primarily driven by momentum in Artificial Intelligence programs ▪ Adjusted Operating Margins of 19.4%, up 30bps Y/Y ▪ Adjusted EPS above guidance at $1.95, up 6% Y/Y on flat sales ▪ Record Q1 Free Cash Flow generation of $674M, up 18% Y/Y ▪ ~$500M returned to shareholders and $325M used for bolt-on acquisitions in the Industrial segment ▪ TE named to the Dow Jones Sustainability Index for the 13th consecutive year 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 Q2 Guidance ▪ Expect Sales of ~$3.95B with Adjusted EPS of ~$1.96, up 5% Y/Y ▪ FX unfavorably impacting sales by ~$110M Y/Y; FX and tax headwinds impacting EPS by $0.06 Y/Y ▪ Expect sequential organic growth in both the Transportation & Industrial segments

Reported FY24 Q1 FY24 Q4 FY25 Q1 Q1 Growth Y/Y Q/Q Transportation 2,268 2,224 2,151 (5)% (3)% Industrial 1,505 1,617 1,860 24% 15% Total TE 3,773 3,841 4,011 6% 4% Book to Bill 0.98 0.94 1.05 Segment Orders Summary ($ in millions) 4 ▪ Transportation orders as expected, reflecting ongoing softness in commercial transportation and sensors end markets ▪ Industrial segment orders reflect a book to bill over 1.0 in all businesses; ongoing momentum in artificial intelligence, AD&M, and energy applications Order patterns supporting growth outlook

Transportation Solutions Q1 SALES Reported Down 6% Organic Down 5% Q1 ADJUSTED OPERATING MARGIN Continued strong operational execution in a dynamic market environment Adjusted EBITDA Margin 26.0% 26.3% 5 $2,393 $2,243 Q1 2024 Q1 2025 Q1 BUSINESS PERFORMANCE Y/Y Growth Rates Reported Organic Automotive $1,722 (4)% (3)% Commercial Transportation 312 (12)% (12)% Sensors 209 (13)% (13)% Transportation Solutions $2,243 (6)% (5)% $ in Millions 21.1% 21.3% Q1 2024 Q1 2025 ▪ Automotive Organic growth in Asia offset by softness in Europe & North America ▪ Commercial Transportation Organic decline driven by weakness in Europe & North America ▪ Sensors Sales reduction driven by weakness in broader industrial end markets in Europe and North America Organic Net Sales Growth (Decline), Adjusted Operating Margin, and Adjusted EBITDA Margin are non-GAAP financial measures; see Appendix for descriptions and reconciliations. Strong margin performance; expect sequential organic sales growth in Q2 despite lower auto production

Industrial Solutions Q1 SALES Reported Up 11% Organic Up 9% Q1 ADJUSTED OPERATING MARGIN Margin expansion of 100bps driven by higher volume and strong operational performance Adjusted EBITDA Margin 21.0% 21.4% 6 Q1 BUSINESS PERFORMANCE Y/Y Growth Rates Reported Organic Digital Data Networks (DDN) $413 48% 48% Automation & Connected Living (ACL) 479 3% (5)% Aerospace, Defense and Marine (AD&M) 334 15% 15% Energy 216 5% 7% Medical 151 (25)% (25)% Industrial Solutions $1,593 11% 9% $ in Millions ▪ Digital Data Networks Strong growth driven by momentum in AI applications across multiple customers ▪ Automation & Connected Living Organic decline driven by continued market weakness in factory automation, partially offset by growth in appliance markets ▪ AD&M Organic growth reflects ongoing market improvement in commercial aerospace and defense ▪ Energy Organic growth in all regions with continued strong momentum across energy applications ▪ Medical Declines resulting from inventory normalization by our customers $1,438 $1,593 Q1 2024 Q1 2025 15.8% 16.8% Q1 2024 Q1 2025 Expect sequential organic sales growth in Q2 in all businesses Organic Net Sales Growth (Decline), Adjusted Operating Margin, and Adjusted EBITDA Margin are non-GAAP financial measures; see Appendix for descriptions and reconciliations.

Q1 Financial Summary 7 ($ in Millions, except per share amounts) Q1 FY24 Q1 FY25 Net Sales $ 3,831 $ 3,836 Operating Income $ 698 $ 690 Operating Margin 18.2% 18.0% Acquisition-Related Charges 8 5 Restructuring & Other Charges, Net 25 50 Adjusted Operating Income $ 731 $ 745 Adjusted Operating Margin 19.1% 19.4% Earnings Per Share* $ 5.76 $ 1.75 Acquisition-Related Charges 0.02 0.01 Restructuring & Other Charges, Net 0.05 0.14 Tax Items (3.99) 0.04 Adjusted EPS $ 1.84 $ 1.95 Adjusted Effective Tax Rate 21.2% 23.0% *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.

Q1 Financial Performance 8 19.1% 19.4% Q1 2024 Q1 2025 SALES ADJUSTED OPERATING MARGIN ADJUSTED EPS FREE CASH FLOW Margin Expansion and EPS Growth Driven by Strong Operational Performance Record Q1 Free Cash Flow $ in Billions $ in Millions Up 18% Y/Y $570 $674 Q1 2024 Q1 2025 Up 6% Y/Y $3.8 $3.8 Q1 2024 Q1 2025 30bps of margin expansion Adjusted Operating Margin, Adjusted Earnings Per Share, and Free Cash Flow are non-GAAP financial measures; see Appendix for descriptions and reconciliations. Organic sales flat Y/Y $1.84 $1.95 Q1 2024 Q1 2025

EVERY CONNECTION COUNTS Additional Information

Y/Y Q1 2025 10 Sales (in millions) Adjusted EPS Q1 2024 Results $3,831 $1.84 Operational Performance 23 0.12 FX Impact (18) 0.03 Tax Rate Impact - (0.04) Q1 2025 Results $3,836 $1.95 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.

Y/Y Q2 2025 11 Sales (in millions) Adjusted EPS Q2 2024 Results $3,967 $1.86 Operational Performance 95 0.16 FX Impact (112) (0.01) Tax Rate Impact - (0.05) Q2 2025 Guidance $3,950 $1.96 Adjusted Earnings Per Share is a non-GAAP financial measure; see Appendix for description and reconciliation.

Q1 Balance Sheet and Cash Flow Summary 12 ($ in Millions) Q1 2024 Q1 2025 Beginning Cash Balance $1,661 $1,319 Free Cash Flow 570 674 Dividends (183) (189) Share repurchases (476) (303) Net increase (decrease) in debt (70) 90 Acquisition of businesses, net of cash acquired (349) (325) Other 17 (12) Ending Cash Balance $1,170 $1,254 Total Debt $4,198 $4,205 A/R $2,828 $2,912 Days Sales Outstanding* 67 68 Inventory $2,783 $2,619 Days on Hand* 96 93 Accounts Payable $1,690 $1,859 Days Outstanding* 61 68 Free Cash Flow and Working Capital Liquidity, Cash and Debt ($ in Millions) Q1 2024 Q1 2025 Cash from Operating Activities $719 $878 Capital expenditures, net (149) (204) Free Cash Flow $570 $674 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, 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, 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, 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 (loss) per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, 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. Non-GAAP Financial Measures (cont.) 15

Segment Summary 16 Transportation Solutions $ 2,243 $ 2,393 Industrial Solutions 1,593 1,438 Total $ 3,836 $ 3,831 O perating O perating Margin Margin Transportation Solutions $ 446 19.9 % $ 487 20.4 % Industrial Solutions 244 15.3 211 14.7 Total $ 690 18.0 % $ 698 18.2 % Adjusted Adjusted O perating O perating Margin (1) Margin (1) Transportation Solutions $ 478 21.3 % $ 504 21.1 % Industrial Solutions 267 16.8 227 15.8 Total $ 745 19.4 % $ 731 19.1 % For the Q uarters Ended December 27, December 29, O perating Income Adjusted O perating Income (1) Income O perating (1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. See description of non-GAAP financial measures. 2024 2023 ($ in millions) Adjusted O perating Net Sales Net Sales Income (1)

Reconciliation of Net Sales Growth 17 Transportation Solutions (3) : Automotive $ (74) (4.1) % $ (55) (3.0) % $ (7) $ (12) Commercial transportation (44) (12.4) (41) (11.6) (3) — Sensors (32) (13.3) (30) (12.6) (2) — Total Transportation Solutions (150) (6.3) (126) (5.2) (12) (12) Industrial Solutions (3): Automation and connected living 15 3.2 (21) (4.5) (2) 38 Aerospace, defense, and marine 44 15.2 45 15.4 (1) — Digital data networks 134 48.0 134 48.0 — — Energy 11 5.4 14 6.8 (3) — Medical (49) (24.5) (49) (24.5) — — Total Industrial Solutions 155 10.8 123 8.6 (6) 38 Total $ 5 0.1 % $ (3) — % $ (18) $ 26 (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. (3) Industry end market information is presented consistently with our internal management reporting and may be periodically revised as management deems necessary. Net Sales Growth (Decline) O rganic Net Sales Growth (Decline) (1) Change in Net Sales for the Q uarter Ended December 27, 2024 versus Net Sales for the Q uarter Ended December 29, 2023 ($ in millions) Translation (2) Acquisitions/ (Divestiture)

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended December 27, 2024 18 Operating income: Transportation Solutions $ 446 $ — $ 32 $ — $ 478 Industrial Solutions 244 5 18 — 267 Total $ 690 $ 5 $ 50 $ — $ 745 Operating margin 18.0 % 19.4 % Income tax expense $ (178) $ (1) $ (9) $ 13 $ (175) Effective tax rate 25.2 % 23.0 % Income from continuing operations $ 528 $ 4 $ 41 $ 13 $ 586 Diluted earnings per share from continuing operations $ 1.75 $ 0.01 $ 0.14 $ 0.04 $ 1.95 (3) 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) (3) Charges, Net (1) ($ in millions, except per share data) Tax Items (2) (2) Represents 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. Adjustments Related and O ther Adjusted Acquisition- Restructuring

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended December 29, 2023 19 Operating income: Transportation Solutions $ 487 $ — $ 14 $ 3 $ 504 Industrial Solutions 211 8 7 1 227 Total $ 698 $ 8 $ 21 $ 4 $ 731 Operating margin 18.2 % 19.1 % Income tax (expense) benefit $ 1,105 $ (1) $ (5) $ (1,254) $ (155) Effective tax rate (158.1) % 21.2 % Income from continuing operations $ 1,804 $ 7 $ 16 $ (1,250) $ 577 Diluted earnings per share from continuing operations $ 5.76 $ 0.02 $ 0.05 $ (3.99) $ 1.84 (2) Includes an $874 million net income tax benefit associated with a ten-year tax credit obtained by a Swiss subsidiary and a $262 million income tax benefit related to the revaluation of deferred tax assets as a result of a corporate tax rate increase in Switzerland. Also includes a $118 million income tax benefit associated with the tax impacts of a legal entity restructuring with related costs of $4 million recorded in selling, general, and administrative expenses for other non-income taxes. (3) See description of non-GAAP financial measures. Adjustments Related and O ther Adjusted Acquisition- Restructuring ($ 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. U.S. GAAP Charges (1) Charges, Net (1) (Non-GAAP) (3) Tax Items (2)

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Quarter Ended March 29, 2024 20 Operating income: Transportation Solutions $ 477 $ — $ 19 $ 496 Industrial Solutions 215 3 21 239 Total $ 692 $ 3 $ 40 $ 735 Operating margin 17.4 % 18.5 % Income tax expense $ (146) $ (1) $ (6) $ (153) Effective tax rate 21.3 % 21.0 % Income from continuing operations $ 541 $ 2 $ 34 $ 577 Diluted earnings per share from continuing operations $ 1.75 $ 0.01 $ 0.11 $ 1.86 Acquisition- Restructuring Adjustments ($ 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. Related and O ther Adjusted U.S. GAAP Charges (1) Charges, Net (1) (Non-GAAP) (2) (2) See description of non-GAAP financial measures

Reconciliation of Non-GAAP Financial Measures to GAAP Financial Measures for the Year Ended September 27, 2024 21 Operating income: Transportation Solutions $ 1,880 $ — $ 67 $ 3 $ 1,950 Industrial Solutions 916 21 99 1 1,037 Total $ 2,796 $ 21 $ 166 $ 4 $ 2,987 Operating margin 17.6 % 18.9 % Income tax (expense) benefit $ 397 $ (3) $ (29) $ (1,016) $ (651) Effective tax rate (14.2) % 21.8 % Income from continuing operations $ 3,194 $ 18 $ 137 $ (1,012) $ 2,337 Diluted earnings per share from continuing operations $ 10.34 $ 0.06 $ 0.44 $ (3.28) $ 7.56 Acquisition- Restructuring Adjustments (3) See description of non-GAAP financial measures. ($ in millions, except per share data) Related and O ther Adjusted U.S. GAAP Charges (1) Charges, Net (1) (Non-GAAP) (3) Tax Items (2) (2) Includes a $636 million net income tax benefit associated with a $972 million ten-year tax credit obtained by a Swiss subsidiary reduced by a $336 million valuation allowance related to the amount of the tax credit not expected to be realized. Also includes a $262 million income tax benefit related to the revaluation of deferred tax assets as a result of a corporate tax rate increase in Switzerland and a $118 million income tax benefit associated with the tax impacts of a legal entity restructuring with related costs of $4 million recorded in selling, general, and administrative expenses for other non-income taxes. (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.

Reconciliation of Adjusted EBITDA and Adjusted EBITDA Margin 22 Net income $ 528 $ 1,803 Loss from discontinued operations — 1 Income tax expense (benefit) 178 (1,105) Other expense, net 1 3 Interest expense 6 18 Interest income (23) (22) Operating income 690 698 Acquisition-related charges 5 8 Restructuring and other charges, net 50 21 Taxes (non-income tax) recorded in SG&A — 4 Adjusted operating income (1) 745 731 Depreciation and amortization 186 194 Adjusted EBITDA (1) $ 931 $ 925 Net sales $ 3,836 $ 3,831 Net income as a percentage of net sales 13.8 % 47.1 % Adjusted EBITDA margin (1) 24.3 % 24.1 % Operating income $ 446 $ 244 $ 690 $ 487 $ 211 $ 698 Acquisition-related charges — 5 5 — 8 8 Restructuring and other charges, net 32 18 50 14 7 21 Taxes (non-income tax) recorded in SG&A — — — 3 1 4 Adjusted operating income (1) 478 267 745 504 227 731 Depreciation and amortization 112 74 186 119 75 194 Adjusted EBITDA (1) $ 590 $ 341 $ 931 $ 623 $ 302 $ 925 Net sales $ 2,243 $ 1,593 $ 3,836 $ 2,393 $ 1,438 $ 3,831 Operating margin 19.9 % 15.3 % 18.0 % 20.4 % 14.7 % 18.2 % Adjusted operating margin (1) 21.3 % 16.8 % 19.4 % 21.1 % 15.8 % 19.1 % Adjusted EBITDA margin (1) 26.3 % 21.4 % 24.3 % 26.0 % 21.0 % 24.1 % (1) See description of non-GAAP financial measures. ($ in millions) December 27, 2024 December 29, 2023 Transportation Industrial For the Q uarters Ended December 27, 2024 December 29, 2023 For the Q uarters Ended ($ in millions) Transportation Industrial Solutions Solutions Total Solutions Solutions Total

Reconciliation of Free Cash Flow 23 Net cash provided by operating activities $ 878 $ 719 Net cash used in investing activities (537) (468) Net cash used in financing activities (395) (745) Effect of currency translation on cash (11) 3 Net decrease in cash, cash equivalents, and restricted cash $ (65) $ (491) Net cash provided by operating activities $ 878 $ 719 Capital expenditures, net (204) (149) Free cash flow (1) $ 674 $ 570 For the Q uarters Ended December 27, December 29, (1) Free cash flow is a non-GAAP financial measure. See description of non-GAAP financial measures. 2024 2023 (in millions)

Reconciliation of Forward-Looking Non-GAAP Financial Measures to Forward-Looking GAAP Financial Measures 24 Diluted loss per share from continuing operations $ (0.05) Restructuring and other charges, net 0.13 Acquisition-related charges 0.01 Tax items 1.87 Adjusted diluted earnings per share from continuing operations (2) $ 1.96 Net sales growth (decline) (0.4) % Translation 2.8 (Acquisitions) divestitures, net (1.1) Organic net sales growth (2) 1.3 % Effective tax rate 102.2 % 42.9 % Effective tax rate adjustments (3) (79.2) (19.2) Adjusted effective tax rate (2) 23.0 % 23.7 % Q uarter Ending O utlook for 2025 (1) March 28, O utlook for Fiscal 2025 (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 January 22, 2025. (2) See description of non-GAAP financial measures.

Document and Entity Information	Jan. 22, 2025
Document Information
Document Type	8-K
Amendment Flag	false
Document Period End Date	Jan. 22, 2025
Entity File Number	001-33260
Entity Registrant Name	TE CONNECTIVITY PLC
Entity Central Index Key	0001385157
Entity Tax Identification Number	98-1779916
Entity Incorporation, State or Country Code	L2
Entity Address, Address Line One	Parkmore Business Park West
Entity Address, Adress Line Two	Parkmore
Entity Address, City or Town	Galway
Entity Address, Postal Zip Code	H91VN2T
Entity Address, Country	IE
Country Region	+353
City Area Code	91
Local Phone Number	378 040
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Ordinary Shares
Document Information
Title of 12(b) Security	Ordinary Shares, Par Value $0.01
Trading Symbol	TEL
Security Exchange Name	NYSE
0.00% Senior Notes due 2025
Document Information
Title of 12(b) Security	0.00% Senior Notes due 2025*
Trading Symbol	TEL/25
Security Exchange Name	NYSE
0.00% Senior Notes due 2029
Document Information
Title of 12(b) Security	0.00% Senior Notes due 2029*
Trading Symbol	TEL/29
Security Exchange Name	NYSE

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