Sensata cuts 460 jobs, guides Q3 and Q4, sets 2026 targets, authorizes $500M buyback

Sensata Technologies Holding plc

Cost reduction plan impacting ~460 positions with $16-20M charge in Q3 2023; annualized savings of $40-50M expected.
Reaffirms Q3 guidance: revenue $980-1,020M, adj. EPS $0.84-0.94; provides Q4 guidance: revenue $980-1,020M, adj. EPS $0.89-0.99.
2026 financial framework: revenue $5.0-5.3B (7-9% CAGR), adj. operating margin 21-23%, adj. EPS $5.50-6.30.
Board authorizes new $500M share repurchase program, replacing prior program with $167M remaining.

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