TE Connectivity plc reported the fiscal second quarter ended March 27, 2026 results: revenue $4.74 billion, EPS $2.90.
“TE Connectivity plc (NYSE: TEL) today reported results for the fiscal second quarter ended March 27, 2026. Second Quarter Highlights ● Net sales were $4.74 billion”
Material Agreements
TE Connectivity plc terminated Existing Credit Agreement with Bank of America, N.A., as administrative agent (effective 2026-02-13).
“The Existing Credit Agreement was terminated concurrently with the effectiveness of, and as a condition of entering into, the Credit Agreement.”
Material Agreements
TE Connectivity plc entered into Credit Agreement with Bank of America, N.A., as administrative agent valued at $3,000,000,000 (effective 2026-02-13).
“On February 13, 2026, TE Connectivity plc (the “Company”) entered into a Five-Year Senior Credit Agreement (the “Credit Agreement”), by and among the Company, as parent guarantor, its wholly-owned subsidiary TE Connectivity Switzerland Ltd. (the “Intermediate Guarantor”), as intermediate guarantor, its wholly-owned subsidiary, Tyco Electronics Group S.A. (“TEGSA”), as borrower, the lenders party thereto (the “Lenders”) and Bank of America, N.A., as administrative agent, which provides for revolving credit commitments in the aggregate amount of $3,000,000,000”
Debt Financings
TE Connectivity plc incurred revolving credit of $3,000,000,000 with Bank of America, N.A. at Term SOFR or alternate base rate plus applicable margin maturing February 13, 2031.
“which provides for revolving credit commitments in the aggregate amount of $3,000,000,000”
Debt Financings
TE Connectivity plc incurred revolving credit of $1,500,000,000 with Bank of America, N.A., as administrative agent at Term SOFR or an alternate base rate plus an applicable margin maturing March 13, 2026.
“which provides for revolving credit commitments in the aggregate amount of $1,500,000,000”
Reuben M. Shaffer was appointed as Senior Vice President and Corporate Controller at TE Connectivity plc.
“On November 11, 2024, the Company appointed Reuben M. Shaffer to succeed Mr. Ott as Senior Vice President and Corporate Controller, upon Mr. Ott’s retirement.”
Robert J. Ott retired as Senior Vice President and Corporate Controller at TE Connectivity plc.
“On November 11, 2024, Robert J. Ott, the Senior Vice President and Corporate Controller for TE Connectivity plc (the “Company”), announced his intent to retire effective January 3, 2025.”
Sam Eldessouky was appointed as Director at TE Connectivity plc.
“On October 4, 2024, the Board of Directors (the “Board”) of TE Connectivity plc (the “Company”) appointed Sam Eldessouky as a director of the Company”
Laura H. Wright was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Dawn C. Willoughby was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Mark C. Trudeau was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Abhijit Y. Talwalkar was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Syaru Shirley Lin was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
William A. Jeffrey was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Lynn A. Dugle was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Jean Pierre Clamadieu was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Carol A. ("John") Davidson was appointed as Chairman at TE Connectivity plc.
“Effective with his appointment to the board of directors, Carol A. (“John”) Davidson will serve as chairman of the Irish TEL board of directors.”
Heath A. Mitts was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Terrence R. Curtin was appointed as Director at TE Connectivity plc.
“Terrence R. Curtin, Heath A. Mitts, Carol A. (“John”) Davidson, Jean Pierre Clamadieu, Lynn A. Dugle, William A. Jeffrey, Syaru Shirley Lin, Abhijit Y. Talwalkar, Mark C. Trudeau, Dawn C. Willoughby, and Laura H. Wright have been appointed as directors of Irish TEL, whose terms each expire at the 2025 annual general meeting of shareholders.”
Sarah Myriam Huot De Saint Albin resigned as Director at TE Connectivity plc.
“Harold G. Barksdale, Matthew M. Pilcher, Daniel T. Morgan and Sarah Myriam Huot De Saint Albin resigned as directors of Irish TEL.”
Daniel T. Morgan resigned as Director at TE Connectivity plc.
“Harold G. Barksdale, Matthew M. Pilcher, Daniel T. Morgan and Sarah Myriam Huot De Saint Albin resigned as directors of Irish TEL.”
Matthew M. Pilcher resigned as Director at TE Connectivity plc.
“Harold G. Barksdale, Matthew M. Pilcher, Daniel T. Morgan and Sarah Myriam Huot De Saint Albin resigned as directors of Irish TEL.”
Harold G. Barksdale resigned as Director at TE Connectivity plc.
“Harold G. Barksdale, Matthew M. Pilcher, Daniel T. Morgan and Sarah Myriam Huot De Saint Albin resigned as directors of Irish TEL.”
Aaron Stucki was appointed as President, Transportation Solutions at TE Connectivity plc.
“Effective October 1, 2024, Aaron Stucki, currently President, Communication Solutions, will serve as President, Transportation Solutions.”
Steve Merkt was terminated as President, Transportation Solutions at TE Connectivity plc.
“on September 11, 2024 the Company notified Steve Merkt of the termination of his employment.”
Material Agreements
TE Connectivity plc entered into Second Amended and Restated Five-Year Senior Credit Agreement with the lenders party thereto and Bank of America, N.A. valued at $1,500,000,000 (effective 2024-04-24).
“On April 24, 2024, TE Connectivity Ltd. (the “Company”) entered into a Second Amended and Restated Five-Year Senior Credit Agreement (the “Credit Agreement”), by and among the Company, as parent guarantor, its wholly-owned subsidiary, Tyco Electronics Group S.A. (“TEGSA”), as borrower, the lenders party thereto (the “Lenders”) and Bank of America, N.A., as administrative agent, which amends and restates the Five-Year Senior Amended and Restated Credit Agreement, dated as of November 14, 2018 (as amended by the First Amendment to Credit Agreement dated as of June 1, 2021 and the Second Amendment to Credit Agreement dated as of October 14, 2022, the “ Existing Credit Agreement ”), by and among the Company, as parent guarantor, TEGSA, as borrower, the lenders party thereto and Bank of America, N.A., as administrative agent, and which provides for revolving credit commitments in the aggregate amount of $1,500,000,000.”
Earnings Releases
TE Connectivity plc reported financial results for fiscal second quarter ended March 29, 2024.
“TE Connectivity Ltd. (the “Company”) issued a press release reporting the Company’s second quarter results for fiscal 2024. A copy of the press release is furnished as Exhibit 99.1 to this report and incorporated by reference in this Item 2.02.”
Material Agreements
TE Connectivity plc entered into Merger Agreement with TE Connectivity plc (effective 2024-03-18).
“the Company entered into a merger agreement on March 18, 2024 (the “Merger Agreement”) with TE Connectivity plc, a public limited company incorporated under Irish law and a direct wholly-owned subsidiary of the Company (“TE Connectivity Ireland”).”
Governance Changes
TE Connectivity plc: Shareholders approved amendments to Articles of Association primarily relating to changes in Swiss law, including capital band renewal and share capital reduction (effective 2024-03-14).
“The amendments to the Company’s Articles of Association reflecting the above became effective on March 14, 2024 upon registration with the Commercial Registry.”
Shareholder Votes
TE Connectivity plc shareholders approved Election of the individual members of the Management Development and Compensation Committee at the 2024-03-13 meeting.
“A total of 238,177,626 shares (93.45%) were voted for and 16,707,343 shares (6.55%) were counted as voted against the election of this director as a member of the Management Development and Compensation Committee.”
Shareholder Votes
TE Connectivity plc shareholders approved Election of Carol A. (“John”) Davidson as the Chairman of the Board of Directors at the 2024-03-13 meeting.
“A total of 251,680,607 shares (98.74%) were voted for and 3,204,166 shares (1.26%) were counted as voted against the election of Carol A. (“John”) Davidson as the Chairman of the Board of Directors.”
Shareholder Votes
TE Connectivity plc shareholders approved Election of eleven directors at the 2024-03-13 meeting.
“A total of 252,824,480 shares (99.18%) were voted for and 2,080,653 shares (0.82%) were counted as voted against this director. Additionally, there were 211,547 abstentions and 15,297,372 broker non-votes with respect to this proposal which are not considered votes cast and do not affect the outcome of the vote.”
Earnings Releases
TE Connectivity plc reported fiscal first quarter ended Dec. 29, 2023 results: revenue $3.83 billion, EPS GAAP diluted earnings per share (EPS) from continuing operations were $5.76, including a one-time tax-related benefit, a.
“– Jan. 24, 2024 – TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 29, 2023. First Quarter Highlights ● Net sales were $3.83 billion, in line with guidance , essentially flat on a reported basis year over year and down 1% organically. ● GAAP diluted earnings per share (EPS) from continuing operations were”
Thomas J. Lynch departed as Director at TE Connectivity plc.
“On December 11, 2023, Thomas J. Lynch notified TE Connectivity Ltd. (the “Company”) that he has decided to retire from the Board of Directors and will not stand for re-election at the Company’s 2024 Annual General Meeting of Shareholders to be held in March 2024.”
Earnings Releases
TE Connectivity plc reported financial results for the fiscal fourth quarter and year ended Sept. 29, 2023.
“On November 1, 2023, TE Connectivity Ltd. (the “Company”) issued a press release reporting the Company’s fourth quarter and full year results for fiscal 2023.”
Earnings Releases
TE Connectivity plc reported fourth quarter of fiscal 2023 results: revenue $4 billion, EPS $1.63. Guidance reaffirmed.
“For the fourth quarter of fiscal 2023, the company expects net sales of approximately $4 billion. GAAP EPS from continuing operations are expected to be approximately $1.63, with adjusted EPS of approximately $1.75.”
Earnings Releases
TE Connectivity plc reported third quarter ended June 30, 2023 results: revenue $4 billion, EPS $1.67.
“– July 26, 2023 – TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal third quarter ended June 30, 2023. Third Quarter Highlights ● Net sales were $4 billion , in line with guidance, with year-over-year growth in the Transportation and Industrial segments offsetting an expected decline in Communications. ● GAAP diluted earnings per”
Earnings Releases
TE Connectivity plc reported third quarter of fiscal 2023 results: revenue approximately $4.0 billion, EPS GAAP EPS expected approximately $1.56; adjusted EPS expected approximately $1.65.
“For the third quarter of fiscal 2023, the company expects net sales of approximately $4.0 billion. GAAP EPS from continuing operations are expected to be approximately $1.56, with adjusted EPS of approximately $1.65.”
Earnings Releases
TE Connectivity plc reported fiscal second quarter ended March 31, 2023 results: revenue Net sales were $4.16 billion, EPS GAAP diluted EPS $1.34; adjusted EPS $1.65.
“Net sales were $4.16 billion, up 4% on a reported basis and 8% organically year over year. o Organic growth of 12% in the Transportation Solutions segment and 15% in the Industrial Solutions segment was partially offset by an expected decline of 20% in the Communications Solutions segment o Currency exchange negatively impacted sales by $155 million. ● GAAP diluted earnings per share (EPS) from continuing operations were $1.34 , and adjusted EPS exceeded guidance at $1.65.”
Governance Changes
TE Connectivity plc: Amendment to Articles of Association to effect share capital reduction and to approve a capital band (effective 2023-03-16).
“The amendments to the Company’s Articles of Association reflecting the share capital reduction and capital band became effective on March 16, 2023 upon registration with the Commercial Registry.”
Restructurings & Charges
TE Connectivity plc announced a restructuring with charges of approximately $250 million affecting Transportation Solutions, Industrial Solutions and Communications Solutions segments (primarily comprised of employee related termination benefits).
“On March 16, 2023, the Board of Directors of TE Connectivity Ltd. (the “Company”) approved incremental restructuring actions to broaden the scope of its fiscal 2023 cost structure initiatives across the Transportation Solutions, Industrial Solutions and Communications Solutions segments. The Company expects to incur total restructuring charges, which are primarily comprised of employee related termination benefits, of approximately $250 million during fiscal year 2023, of which $104 million was incurred during the first three months of fiscal 2023.”
Shareholder Votes
TE Connectivity plc shareholders approved Election of the individual members of the Management Development and Compensation Committee at the 2023-03-15 meeting.
“Agenda Item No. 3. Election of the individual members of the Management Development and Compensation Committee: 3.1 Abhijit Y. Talwalkar A total of 253,765,720 shares (94.32%) were voted for and 15,280,051 shares (5.68%) were counted as voted against the election of this director as a member of the Management Development and Compensation Committee.”
Shareholder Votes
TE Connectivity plc shareholders approved Election of Thomas J. Lynch as the Chairman of the Board of Directors at the 2023-03-15 meeting.
“Agenda Item No. 2. Election of Thomas J. Lynch as the Chairman of the Board of Directors: A total of 265,254,875 shares (98.58%) were voted for and 3,811,926 shares (1.42%) were counted as voted against the election of Thomas J. Lynch as the Chairman of the Board of Directors.”
Shareholder Votes
TE Connectivity plc shareholders approved Election of twelve directors at the 2023-03-15 meeting.
“Agenda Item No. 1. Election of twelve (12) directors: 1.1 Jean-Pierre Clamadieu A total of 267,883,158 shares (99.56%) were voted for and 1,192,760 shares (0.44%) were counted as voted against this director. Additionally, there were 142,759 abstentions and 12,289,546 broker non-votes with respect to this proposal which are not considered votes cast and do not affect the outcome of the vote.”
Yong Nam departed as Director at TE Connectivity plc.
“Yong Nam has reached the Board’s retirement age and therefore, in accordance with the Board’s retirement policy, was not nominated for re-election as a director of the Company at the Annual General Meeting of Shareholders of the Company held on March 15, 2023”
Material Agreements
TE Connectivity plc entered into Nineteenth Supplemental Indenture with Deutsche Bank Trust Company Americas valued at $500,000,000 aggregate principal amount (effective 2023-02-13).
“On February 13, 2023, Tyco Electronics Group S.A. (“TEGSA”), a wholly-owned subsidiary of TE Connectivity Ltd. (“TE Connectivity”), issued $500,000,000 aggregate principal amount of its 4.500% Senior Notes due 2026 (the “Notes”).”
Earnings Releases
TE Connectivity plc reported fiscal first quarter ended Dec. 30, 2022 results: revenue $3.8 billion, EPS GAAP diluted earnings per share (EPS) from continuing operations were $1.25, and adjusted EPS exceeded guidance at $1.53.
“– Jan. 25, 2023 – TE Connectivity Ltd. (NYSE: TEL) today reported results for the fiscal first quarter ended Dec. 30, 2022. First Quarter Highlights ● Net sales were $3.8 billion, up 1% on a reported basis and 8% organically year over year. o Organic growth of 14% in the Transportation Solutions segment and 7% in the Industrial Solutions segment,”
Governance Changes
TE Connectivity plc: TE Connectivity amended and restated its Organizational Regulations to update sections regarding the powers and duties of the board of directors regarding share capital and to add clarifying language regarding the lead independent director (effective 2022-12-08).
“On December 8, 2022, the the Board of Directors of TE Connectivity Ltd (the “Company”) amended and restated its Organizational Regulations to make certain technical updates to Section 8(k), Section 13 and Section 18 regarding the powers and duties of the board of directors regarding increases or reductions of share capital. The Board of Directors also updated Sections 3 and 6 to add clarifying language regarding the lead independent director.”
Earnings Releases
TE Connectivity plc reported the first quarter of fiscal 2023 results: revenue $3.75 billion, EPS $1.31. Guidance initiated.
“For the first quarter of fiscal 2023, the company expects net sales of approximately $3.75 billion, reflecting a decrease of 2% on a reported basis and an increase of 9% on an organic basis year over year. GAAP EPS from continuing operations are expected to be approximately $1.31, with adjusted EPS of approximately $1.50”
Earnings Releases
TE Connectivity plc reported the fiscal year ended September 30, 2022 results: revenue $16.3 billion, EPS $7.47.
“Net sales were a record at $16.3 billion , up 9% on a reported basis and 12% organically from fiscal year 2021. ● GAAP EPS from continuing operations were $7.47, up 10% year over year”
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