TE Connectivity Reports Higher Revenue, Operating Income, Net Income, and Diluted EPS Year-Over-Year in Interim Filing

Bottom line

- For TE Connectivity plc (ticker TEL), the Form 10-Q filed under accession 0001104659-26-086509 for fiscal period period-ended-2026-06-26 shows that, on a year-over-year basis, every headline income-statement line — revenue, operating income, net income, and diluted earnings per share — was higher in both the three-month reporting period and the nine-month year-to-date window than in the prior-year comparative periods, with the company remaining profitable on the bottom line in every period shown. 93 per diluted share.

14 per diluted share. - The shape of the comparison — higher revenue, higher operating income, higher net income, higher diluted EPS, and profit in both the current and prior period — is the same on the quarter and on the year-to-date, so this section reads as a single directional story rather than two separate ones. - The filing evidence does not attribute this change to any single cause.

- The same broad directional pattern — higher year-over-year across revenue, operating income, net income, and diluted EPS, with profit in both the current and prior period — is what readers can also see in adjacent interim filings such as Broadcom Posts Higher Revenue, Operating Income, and Diluted EPS Year-Over-Year in Filing and ONEOK Posts Higher Revenue, Operating Income, Net Income and Diluted EPS Year-Over-Year in Interim Filing, which frame this set of authorized comparisons as a recurring shape rather than a one-off.

- Source scope: this section is grounded solely in the income-statement lines presented on the face of the unaudited Condensed Consolidated Financial Statements and on the face of the prior-year comparative columns within that same statement set — that is, the filing's primary revenue, operating income, net income, and per-share figures. It does not draw on the segment commentary, the restructuring discussion tied to fiscal-year actions and Transportation Solutions severance and property, plant, and equipment charges (see the cited note), the acquisition disclosures for Richards Manufacturing and the smaller bolt-ons (see the cited note), or the debt and credit-facility narrative covering TEGSA senior notes and the Credit Facility (see the cited note), all of which would require additional, separately grounded placeholders before being asserted here.

- The interim filing's identity — Form 10-Q, fiscal period period-ended-2026-06-26, filer CIK 0001385157, and accession 0001104659-26-086509 — anchors every figure cited above to this single document; no figures from a prior Form 10-Q, from any Annual Report referenced inside the notes, or from any subsequent filing have been pulled forward. - The filing evidence contains no peer or industry comparison.

Financial performance

- Reported figures - Management explanations - Analyst inference - Counter-evidence - Unknowns

For the three-month reporting period, Revenue from Contract with Customer, Excluding Assessed Tax was $5,160,000,000 USD, compared with $4,534,000,000 USD for the prior-year comparative for the three-month reporting period; the filing authorizes a description of this comparison as higher than the prior period. For the nine-month year-to-date period, Revenue from Contract with Customer, Excluding Assessed Tax was $14,573,000,000 USD, against $12,513,000,000 USD for the prior-year comparative for the nine-month year-to-date period, which the filing also authorizes as higher than the prior period.

Operating Income (Loss) was $981,000,000 USD for the three-month reporting period and $857,000,000 USD for the prior-year comparative for the three-month reporting period; the filing characterizes the current period as a profit and the prior period as a profit and authorizes the description higher than the prior period. Operating Income (Loss) for the nine-month year-to-date period was $2,898,000,000 USD, versus $2,295,000,000 USD for the prior-year comparative for the nine-month year-to-date period, which the filing likewise characterizes as a profit moving to a higher profit.

Net Income (Loss) Attributable to Parent was $748,000,000 USD for the three-month reporting period and $638,000,000 USD for the prior-year comparative for the three-month reporting period; both periods are profits and the filing authorizes the description higher than the prior period. The same line reached $2,353,000,000 USD for the nine-month year-to-date period, compared with $1,179,000,000 USD for the prior-year comparative for the nine-month year-to-date period, which the filing characterizes as a profit moving to a higher profit.

Earnings Per Share, Diluted was $2.55 per diluted share USD/SHARES for the three-month reporting period, against $2.14 per diluted share USD/SHARES for the prior-year comparative for the three-month reporting period, with the filing characterizing the current period as a profit and the prior period as a profit and authorizing higher than the prior period. For the nine-month year-to-date period, Earnings Per Share, Diluted was $7.98 per diluted share USD/SHARES, compared with $3.93 per diluted share USD/SHARES for the prior-year comparative for the nine-month year-to-date period, again described by the filing as a profit moving to a higher profit.

Management in the cited note frames the operating backdrop as a restructuring program initiated in fiscal (omitted) tied to footprint consolidation and cost structure improvements across both reportable segments, with the filing stating that any additional charges from actions commenced prior to fiscal (omitted) are expected to be insignificant. Management further states that restructuring actions commenced during the nine months ended June (omitted) are expected to be completed by the end of fiscal (omitted), with additional charges of approximately (omitted) million tied primarily to employee severance and property, plant, and equipment in the Transportation Solutions segment. The filing also discloses the Richards Manufacturing acquisition for cash of approximately (omitted) billion, net of cash acquired, accounted for under Accounting Standards Codification (omitted) Business Combinations and reported within the energy business of the Industrial Solutions segment from the date of acquisition, supported by goodwill recognized in the Industrial Solutions segment during the nine months ended June (omitted). The cited note additionally describes a new five-year unsecured senior revolving credit facility entered into in February (omitted), which refinanced and replaced in full the prior five-year unsecured senior revolving credit facility, and a TEGSA notes issuance.

The filing evidence does not attribute this change to any single cause.

The filing evidence contains no peer or industry comparison.

Operating drivers and segments

- The filing does not present a quantitative segment breakdown on its face for the three-month reporting period or the nine-month year-to-date period; it identifies the reportable businesses only by name and by the integration of acquired operations into them. - Revenue from Contract with Customer, Excluding Assessed Tax was $4,534,000,000 USD for the three months ended June 27, 2025 through the three months ended June 27, 2025 and was $5,160,000,000 USD for the three months ended June 26, 2026 through the three months ended June 26, 2026, a higher reading against the prior-year quarter. - Revenue from Contract with Customer, Excluding Assessed Tax was $12,513,000,000 USD for the nine months ended June 27, 2025 through the nine months ended June 27, 2025 and was $14,573,000,000 USD for the nine months ended June 26, 2026 through the nine months ended June 26, 2026, also higher against the prior-year window. - Operating Income (Loss) was $857,000,000 USD for the three months ended June 27, 2025 through the three months ended June 27, 2025 and was $981,000,000 USD for the three months ended June 26, 2026 through the three months ended June 26, 2026, a higher reading against the prior-year quarter. - Operating Income (Loss) was $2,295,000,000 USD for the nine months ended June 27, 2025 through the nine months ended June 27, 2025 and was $2,898,000,000 USD for the nine months ended June 26, 2026 through the nine months ended June 26, 2026, again higher against the prior-year window. - The composition of those higher top-line and operating-income readings across Transportation Solutions and Industrial Solutions is not separately quantified in the cited evidence; the only segment-level disclosures offered here are organizational in nature, not financial.

- Management characterizes the year-to-date result as being shaped by a continuing restructuring program associated with footprint consolidation and cost structure improvements that operates in both segments, with additional charges expected to be roughly (omitted) million and concentrated in severance and property, plant, and equipment in the Transportation Solutions segment. - Management ties the Industrial Solutions revenue base to recent acquisitions, stating that the acquired entities have been reported as part of that segment (and, where applicable, within its energy business) from the date of acquisition, and that goodwill was recognized in Industrial Solutions in connection with one such deal during the nine-month window. - Management discloses a specific larger acquisition — Richards Manufacturing, a U.S.-based producer of overhead and underground electrical and gas distribution products — for cash of approximately (omitted) billion, net of cash acquired, and reports pro forma quarter and year-to-date figures adjusted for acquisition costs, incremental interest, and intangible amortization, while noting that pro forma figures exclude any anticipated synergies. - Management also cites incremental financing activity through Tyco Electronics Group S.A., including a new five-year unsecured senior revolving credit facility entered in February (omitted), refinanced notes, and guarantees flowing up to TE Connectivity plc.

- On the quarter comparison, the cited evidence places current revenue and operating income above the prior-year quarter; on the year-to-date comparison, current revenue and operating income likewise sit above the prior-year window; the same directional pattern is authorized for Revenue and Operating Income across both windows, and the rest of the income-statement and cash-flow comparisons (diluted EPS, net income to parent, operating cash flow, investing cash flow, financing cash flow, dividends, buybacks, and capital expenditure) carry authorized directions of their own. - The filing evidence does not attribute this change to any single cause.

Cash flow and capital

For the nine months ended on the nine months ended June 26, 2026, TE Connectivity plc (TEL) reported net cash provided by operating activities of $2,997,000,000 USD, compared with $2,718,000,000 USD in the prior-year nine-month window. The filing presents operating cash flow as higher than the prior period, consistent with a higher net income figure across the same span. The filing evidence does not attribute this change to any single cause.

Investing activity was a net outflow of -$1,032,000,000 USD for the nine months ended June 26, 2026, against an outflow of -$3,298,000,000 USD in the nine months ended June 27, 2025. The investing line moved toward a smaller net outflow, meaning the direction of change was less negative than the prior-year comparative. The narrative in Note 3 discusses the closing of the Richards Manufacturing acquisition and two additional Industrial Solutions bolt-ons acquired for a combined cash purchase price disclosed in the note, so the investing outflow includes acquisition spending alongside capital expenditure. The filing evidence does not attribute this change to any single cause.

Financing activity was a net outflow of -$1,980,000,000 USD for the nine months ended June 26, 2026, against an outflow of -$63,000,000 USD in the nine months ended June 27, 2025. The financing line deepened into a larger net outflow than the prior year, meaning the direction of change was more negative than the prior-year comparative. The filing explains that, during the nine-month window, Tyco Electronics Group S.A. issued new senior unsecured notes and entered a new five-year unsecured senior revolving credit facility that refinanced and replaced the prior facility.

Inside financing, payments for the repurchase of common stock were $1,348,000,000 USD for the nine months ended June 26, 2026, up from $910,000,000 USD in the nine months ended June 27, 2025, with the authorized direction showing higher buybacks than the prior period. Cash dividends to common shareholders were $643,000,000 USD for the nine months ended June 26, 2026, compared with $594,000,000 USD in the nine months ended June 27, 2025, again higher than the prior period on the authorized direction. Payments to acquire property, plant, and equipment were $832,000,000 USD for the nine months ended June 26, 2026, against $665,000,000 USD in the nine months ended June 27, 2025, also higher than the prior period on the authorized direction.

On the balance sheet at the balance sheet date of June 26, 2026, cash and cash equivalents stood at $1,239,000,000 USD, while long-term debt excluding current maturities was $5,530,000,000 USD. The combination of higher operating cash generation, a smaller net investing outflow, and a larger net financing outflow than the prior year left the company with a higher cash position supported by higher buybacks, dividends, and capital spending than the prior period. The filing evidence contains no peer or industry comparison.

Peer and historical context

- The year-over-year picture drawn from 10-Q period-ended-2026-06-26 is uniformly constructive: revenue, operating income, and net income all expanded on both the three-month window and the nine-month year-to-date window, while operating cash flow strengthened against the prior-year base, leaving a margin profile that broadened from the top line through to the bottom line. - Reported facts - Top line: $4,534,000,000 for the three months ended June 27, 2025 versus $5,160,000,000 for the three months ended June 26, 2026, and $12,513,000,000 for the nine months ended June 27, 2025 versus $14,573,000,000 for the nine months ended June 26, 2026, both moves higher year over year.

- Operating profitability: $857,000,000 versus $981,000,000, and $2,295,000,000 versus $2,898,000,000, both higher year over year and consistent with the authorized direction. - Bottom line: $638,000,000 versus $748,000,000, and $1,179,000,000 versus $2,353,000,000, both higher year over year and both periods retained their profitable character. - Cash conversion: $2,718,000,000 for the nine months ended June 27, 2025 versus $2,997,000,000 for the nine months ended June 26, 2026, also higher year over year, reinforcing the income-side gains with firmer operating cash generation.

A. None of these disclosures are framed by management as the drivers of the period's revenue or earnings growth. - Analyst inference - Because every authorized comparison points the same way and no contradiction surfaces in the financial statements or in the cited notes, the historical comparison reads as a clean acceleration: revenue, operating income, net income, and operating cash flow all moved higher relative to the prior-year base in both the quarter and the nine-month window.

The nine-month cash flow comparison is especially meaningful because operating cash flow expanding alongside earnings suggests that the income-side gains are translating into cash rather than into working capital strain. - Counter-evidence - the filing offers no peer or industry cross-section: there are no named comparable companies, no segment-level competitor disclosures, and no index or sector benchmark inside the financial statements or the cited notes. The filing evidence contains no peer or industry comparison.

- On the historical side, the prior-period base in Note 3 references pro forma adjustments for the Richards Manufacturing acquisition, which complicates a like-for-like read of that segment's contribution; the cited note makes clear the pro forma numbers exclude any anticipated synergies, so the cleanest historical comparison remains the as-reported income statement rather than the pro forma figures. - The financing and investing activities on the cash flow statement carry authorized directions that move opposite to operations, indicating larger outflows for share repurchases, dividends, and capital expenditure against the prior-year base, which can be read as a counterweight to the otherwise favorable operating picture.

- Unknowns - The filing does not break out the contribution of any single acquisition, end market, or geography to the year-over-year gains, and the segments referenced in Note 3 are not quantified for the current period in the cited evidence. The filing evidence does not attribute this change to any single cause.

Scenario analysis

- The company carries forward its current operating trajectory, with Revenue from Contract with Customer, Excluding Assessed Tax of $14,573,000,000 USD for the nine months ended June 26, 2026 modestly above $12,513,000,000 USD for the nine months ended June 27, 2025, and the three-month figure of $5,160,000,000 USD for the three months ended June 26, 2026 tracking higher than the $4,534,000,000 USD reported for the three months ended June 27, 2025. - Net Income (Loss) Attributable to Parent of $2,353,000,000 USD for the nine months ended June 26, 2026 continues to sit above $1,179,000,000 USD for the nine months ended June 27, 2025, with the three-month reading of $748,000,000 USD for the three months ended June 26, 2026 also above $638,000,000 USD for the three months ended June 27, 2025.

- Demand in the Industrial Solutions segment, where goodwill was recognized during the nine months ended June (omitted) in connection with a recent acquisition, absorbs the newly added purchase consideration and translates into stronger pricing power than the base case implies. - TEGSA's new five-year unsecured senior revolving credit facility (the "Credit Facility"), entered into in February (omitted) with aggregate commitments of (omitted) billion and provisions for incremental commitments of up to (omitted) billion, provides ample dry powder for additional bolt-on transactions without straining the capital structure. - The facility refinanced and replaced in full TEGSA's existing (omitted) billion five-year unsecured senior revolving credit facility (the "Replaced Credit Facility"), so maturity-extension and pricing-flexibility tailwinds reinforce the earnings path.

- Trade compliance exposure re-escalates: the ongoing CBP review of the Section (omitted) disclosure regarding unpaid duties, fees, and interest for certain imported products could widen beyond the management view that the outcome will not have a material effect on results of operations, financial position, or cash flows. - Variable-rate exposure from the Credit Facility increases the commitment-fee drag if the applicable credit ratings of TEGSA drift lower, since the fee ranges from (omitted) to (omitted) basis points of the lenders' commitments. - Operational disruptions tied to the recent Industrial Solutions acquisition, environmental site cleanup cost overruns, and the long tail of patent infringement, product liability, antitrust, and non-income tax matters (value added tax, sales and use tax, real estate tax, and transfer tax) compound into margin pressure. The filing evidence does not attribute this change to any single cause. - Peer benchmarking is unavailable for this issuer within the filing evidence, so cross-sector read-across to filings such as CMS Energy Reports Softer Bottom Line Against Higher Contract Revenue in the reporting period 10-Q Filing cannot confirm whether a downside swing is company-specific or systemic. The filing evidence contains no peer or industry comparison.

Risks and what to watch

REPORTED FACTS. For the three-month reporting period, Revenue from Contract with Customer, Excluding Assessed Tax was $5,160,000,000 USD and Net Income (Loss) Attributable to Parent was $748,000,000 USD. The prior-year comparative for the same three-month window showed Revenue from Contract with Customer, Excluding Assessed Tax of $4,534,000,000 USD and Net Income (Loss) Attributable to Parent of $638,000,000 USD. For the nine-month year-to-date period, Revenue from Contract with Customer, Excluding Assessed Tax was $14,573,000,000 USD against $12,513,000,000 USD, and Net Income (Loss) Attributable to Parent was $2,353,000,000 USD against $1,179,000,000 USD. This filing covers 10-Q for period-ended-2026-06-26 filed by TE Connectivity plc (TEL, CIK 0001385157, accession 0001104659-26-086509).

MANAGEMENT EXPLANATIONS. Management of TE Connectivity plc (TEL) describes several risk concentrations in the cited note on commitments and contingencies, summarized under Item 1. In the normal course of business, the issuer faces patent infringement claims, product liability matters, employment disputes, contract disputes, environmental matters, antitrust claims, trade compliance matters, and non-income tax matters including value added tax, sales and use tax, real estate tax, and transfer tax. Management does not currently expect these proceedings, individually or in the aggregate, to have a material effect on results of operations, financial position, or cash flows. The cited note also discloses an ongoing internal compliance review related to country of origin for imports, with unpaid duties, fees, and interest potentially owed to Customs and Border Protection under Section (omitted); CBP's review is not yet complete and management does not expect a material effect. Environmental site cleanup costs remain difficult to predict because the extent of required cleanup, the interpretation of applicable laws and regulations, and alternative cleanup methods are uncertain.

ANALYST INFERENCE. The Credit Facility for TEGSA carries a commitment fee that ranges from (omitted) to (omitted) basis points of lenders' commitments depending on TEGSA's applicable credit ratings, and the obligations of TEGSA's senior notes, commercial paper, and Credit Facility are fully and unconditionally guaranteed on an unsecured basis by TE Connectivity Switzerland Ltd. and ultimately by TE Connectivity plc.

COUNTER-EVIDENCE. The filed narrative discloses no material adverse outcome expected from legal proceedings or from the CBP review, which is itself a counterweight to a worst-case reading of the contingencies described in Item 1.

UNKNOWNS. The filing evidence does not attribute this change to any single cause. The filing evidence does not disclose segment-level detail for this dimension. The filing evidence contains no peer or industry comparison.

METRICS TO WATCH NEXT PERIOD. Watch whether $5,160,000,000 USD sustains its direction versus $4,534,000,000 USD into the next quarter, whether $748,000,000 USD holds against $638,000,000 USD, and the nine-month trajectory of $14,573,000,000 USD against $12,513,000,000 USD and of $2,353,000,000 USD against $1,179,000,000 USD. Cross-check the items in Item 1, Item 1A, and the cited note on acquisitions in Note 3 for new disclosures, and revisit Note 9 for redeemable noncontrolling interests movement.