TE Connectivity plc (TEL) financial statements: income statement, balance sheet and cash flow

TE Connectivity plc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 26, 2025 · FY), TE Connectivity plc reported revenue of $17.3B (+8.9% year on year) and net income of $1.8B (-42.3% year on year).

Income statement

TE Connectivity plc income statement, fiscal years

Line item	Sep 26, 2025 · FY	Sep 27, 2024 · FY	Sep 29, 2023 · FY	Sep 30, 2022 · FY
Net sales	$17.3B	$15.8B	$16.0B	$16.3B
Cost of sales	$11.2B	$10.4B	$11.0B	$11.0B
Gross margin	$6.1B	$5.5B	$5.1B	$5.2B
Selling, general, and administrative expenses	$1.9B	$1.7B	$1.7B	$1.6B
Research, development, and engineering expenses	$829.0M	$741.0M	$708.0M	$718.0M
Acquisition and integration costs	$47.0M	$21.0M	$33.0M	$45.0M
Restructuring and other charges, net	$126.0M	$166.0M	$340.0M	$141.0M
Operating income	$3.2B	$2.8B	$2.3B	$2.8B
Interest income	$83.0M	$87.0M	$60.0M	$15.0M
Interest expense	($77.0M)	($70.0M)	($80.0M)	($66.0M)
Other expense, net	($13.0M)	($16.0M)	($16.0M)	$28.0M
Income from continuing operations before income taxes	$3.2B	$2.8B	$2.3B	$2.7B
Income tax (expense) benefit	($1.4B)	$397.0M	($364.0M)	($306.0M)
Income from continuing operations	$1.8B	$3.2B	$1.9B	—
Income (loss) from discontinued operations, net of income taxes	($1.0M)	($1.0M)	$6.0M	$1.0M
Net income	$1.8B	$3.2B	$1.9B	$2.4B
Income from continuing operations (in dollars per share)	$6.21	$10.40	$6.04	$7.51
Net income (in dollars per share)	$6.20	$10.40	$6.06	$7.52
Income from continuing operations (in dollars per share)	$6.16	$10.34	$6.01	$7.47
Net income (in dollars per share)	$6.16	$10.33	$6.03	$7.47
Basic (in shares)	297.0M	307.0M	315.0M	323.0M
Diluted (in shares)	299.0M	309.0M	317.0M	325.0M

TE Connectivity plc income statement, quarters

Line item	Jun 26, 2026 · Q3	Mar 27, 2026 · Q2	Dec 26, 2025 · Q1	Jun 27, 2025 · Q3
Net sales	$5.2B	$4.7B	$4.7B	$4.5B
Cost of sales	$3.3B	$3.0B	$2.9B	$2.9B
Gross margin	$1.8B	$1.7B	$1.7B	$1.6B
Selling, general, and administrative expenses	$532.0M	$536.0M	$538.0M	$491.0M
Research, development, and engineering expenses	$230.0M	$237.0M	$225.0M	$211.0M
Acquisition and integration costs	$9.0M	$8.0M	$3.0M	$27.0M
Restructuring and other charges, net	$83.0M	$10.0M	$10.0M	$14.0M
Operating income	$981.0M	$954.0M	$963.0M	$857.0M
Interest income	$21.0M	$21.0M	$25.0M	$17.0M
Interest expense	($31.0M)	($32.0M)	($30.0M)	($28.0M)
Income from continuing operations before income taxes	$971.0M	$942.0M	$961.0M	$846.0M
Income tax expense	($223.0M)	($87.0M)	($210.0M)	($208.0M)
Income from continuing operations	$748.0M	$855.0M	$751.0M	$638.0M
Net income	$748.0M	$855.0M	$750.0M	$638.0M
Income from continuing operations (in dollars per share)	$2.57	$2.92	$2.55	$2.16
Net income (in dollars per share)	$2.57	$2.92	$2.55	$2.16
Income from continuing operations (in dollars per share)	$2.55	$2.90	$2.53	$2.14
Net income (in dollars per share)	$2.55	$2.90	$2.53	$2.14
Basic (in shares)	291.0M	293.0M	294.0M	296.0M
Diluted (in shares)	293.0M	295.0M	297.0M	298.0M

Balance sheet

TE Connectivity plc balance sheet, fiscal years

Line item	Sep 26, 2025 · FY	Sep 27, 2024 · FY	Sep 29, 2023 · FY	Sep 30, 2022 · FY
Cash and cash equivalents	$1.3B	$1.3B	$1.7B	$1.1B
Accounts receivable, net of allowance for doubtful accounts of $44 and $32, respectively	$3.4B	$3.1B	$3.0B	$2.9B
Inventories	$2.7B	$2.5B	$2.6B	$2.7B
Prepaid expenses and other current assets	$609.0M	$740.0M	$712.0M	$639.0M
Total current assets	$8.0B	$7.6B	$7.9B	$7.3B
Property, plant, and equipment, net	$4.3B	$3.9B	$3.8B	$3.6B
Goodwill	$7.1B	$5.8B	$5.5B	$5.3B
Intangible assets, net	$2.2B	$1.2B	$1.2B	$1.3B
Deferred income taxes	$2.5B	$3.5B	$2.6B	$2.5B
Other assets	$943.0M	$848.0M	$828.0M	$903.0M
Total assets	$25.1B	$22.9B	$21.7B	$20.8B
Short-term debt	$852.0M	$871.0M	$682.0M	$914.0M
Accounts payable	$2.0B	$1.7B	$1.6B	$1.6B
Accrued and other current liabilities	$2.2B	$2.1B	$2.2B	$2.1B
Total current liabilities	$5.1B	$4.7B	$4.5B	$4.6B
Long-term debt	$4.8B	$3.3B	$3.5B	$3.3B
Long-term pension and postretirement liabilities	$767.0M	$810.0M	$728.0M	$695.0M
Deferred income taxes	$198.0M	$199.0M	$185.0M	$244.0M
Income taxes	$414.0M	$411.0M	$365.0M	$304.0M
Other liabilities	$1.0B	$870.0M	$787.0M	$718.0M
Total liabilities	$12.4B	$10.4B	$10.1B	$9.9B
Redeemable noncontrolling interests	$145.0M	$131.0M	$104.0M	$95.0M
Ordinary/Common shares	3.0M	139.0M	142.0M	146.0M
Accumulated earnings	$13.9B	$14.5B	$12.9B	$12.8B
Ordinary shares and common shares held in treasury, at cost, 8,330,931 and 16,656,681 shares, respectively	-1.4B	-2.3B	-1.4B	-1.7B
Accumulated other comprehensive income	$6.0M	$5.0M	($158.0M)	($495.0M)
Total shareholders' equity	$12.6B	$12.4B	$11.6B	$10.8B
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	$25.1B	$22.9B	$21.7B	$20.8B

TE Connectivity plc balance sheet, quarters

Line item	Jun 26, 2026	Mar 27, 2026	Dec 26, 2025	Jun 27, 2025
Cash and cash equivalents	$1.2B	$1.1B	$1.3B	$672.0M
Accounts receivable, net of allowance for doubtful accounts of $51 and $44, respectively	$3.7B	$3.5B	$3.5B	$3.4B
Inventories	$3.0B	$3.0B	$3.0B	$2.8B
Prepaid expenses and other current assets	$728.0M	$682.0M	$697.0M	$670.0M
Total current assets	$8.7B	$8.2B	$8.4B	$7.6B
Property, plant, and equipment, net	$4.5B	$4.5B	$4.4B	$4.2B
Goodwill	$7.4B	$7.4B	$7.2B	$7.3B
Intangible assets, net	$2.1B	$2.1B	$2.2B	$2.3B
Deferred income taxes	$2.2B	$2.3B	$2.4B	$2.6B
Other assets	$1.1B	$1.0B	$1.0B	$887.0M
Total assets	$26.1B	$25.7B	$25.6B	$24.9B
Short-term debt	$102.0M	$102.0M	$852.0M	$851.0M
Accounts payable	$2.4B	$2.2B	$2.1B	$2.0B
Accrued and other current liabilities	$2.1B	$2.0B	$2.1B	$2.1B
Total current liabilities	$4.7B	$4.4B	$5.1B	$5.0B
Long-term debt	$5.5B	$5.6B	$4.9B	$4.8B
Long-term pension and postretirement liabilities	$737.0M	$750.0M	$766.0M	$817.0M
Deferred income taxes	$176.0M	$198.0M	$198.0M	$223.0M
Income taxes	$320.0M	$306.0M	$441.0M	$426.0M
Other liabilities	$1.3B	$1.1B	$1.1B	$1.0B
Total liabilities	$12.7B	$12.3B	$12.4B	$12.3B
Redeemable noncontrolling interests	$147.0M	$148.0M	$149.0M	$143.0M
Ordinary shares	3.0M	3.0M	3.0M	3.0M
Accumulated earnings	$14.5B	$13.9B	$14.5B	$13.3B
Ordinary shares held in treasury, at cost, 6,156,342 and 8,330,931 shares, respectively	-1.4B	-818.0M	-1.8B	-916.0M
Accumulated other comprehensive income	$93.0M	$149.0M	$203.0M	($43.0M)
Total shareholders' equity	$13.2B	$13.2B	$13.0B	$12.4B
Total liabilities, redeemable noncontrolling interests, and shareholders' equity	$26.1B	$25.7B	$25.6B	$24.9B

Cash flow statement

TE Connectivity plc cash flow statement, fiscal years

Line item	Sep 26, 2025 · FY	Sep 27, 2024 · FY	Sep 29, 2023 · FY	Sep 30, 2022 · FY
Net income	$1.8B	$3.2B	$1.9B	$2.4B
(Income) loss from discontinued operations, net of income taxes	$1.0M	$1.0M	($6.0M)	($1.0M)
Income from continuing operations	$1.8B	$3.2B	$1.9B	—
Depreciation and amortization	$838.0M	$826.0M	$794.0M	$785.0M
Deferred income taxes	$938.0M	($789.0M)	($77.0M)	($147.0M)
Non-cash lease cost	$145.0M	$134.0M	$129.0M	$131.0M
Provision for losses on accounts receivable and inventories	$58.0M	$57.0M	$76.0M	$70.0M
Share-based compensation expense	$149.0M	$127.0M	$123.0M	$119.0M
Other	$80.0M	$71.0M	$101.0M	$23.0M
Accounts receivable, net	($341.0M)	($134.0M)	($146.0M)	$200.0M
Inventories	($160.0M)	($30.0M)	($45.0M)	($41.0M)
Prepaid expenses and other current assets	$91.0M	$25.0M	$17.0M	$50.0M
Accounts payable	$290.0M	$159.0M	($1.0M)	($396.0M)
Accrued and other current liabilities	($35.0M)	($165.0M)	$21.0M	($398.0M)
Income taxes	$147.0M	($83.0M)	$17.0M	$32.0M
Other	$96.0M	$85.0M	$145.0M	($387.0M)
Net cash provided by operating activities	$4.1B	$3.5B	$3.1B	$2.5B
Capital expenditures	($936.0M)	($680.0M)	($732.0M)	($768.0M)
Proceeds from sale of property, plant, and equipment	$11.0M	$16.0M	$4.0M	$106.0M
Acquisition of businesses, net of cash acquired	($2.6B)	($339.0M)	($110.0M)	($220.0M)
Other	($15.0M)	($6.0M)	$22.0M	$4.0M
Net cash used in investing activities	($3.6B)	($950.0M)	($768.0M)	($878.0M)
Net decrease in commercial paper	($255.0M)	($75.0M)	($40.0M)	$370.0M
Proceeds from issuance of debt	$2.2B	$348.0M	$499.0M	$588.0M
Repayment of debt	($580.0M)	($352.0M)	($591.0M)	($558.0M)
Proceeds from exercise of share options	$182.0M	$89.0M	$43.0M	$54.0M
Repurchase of ordinary/common shares	-1.3B	-2.1B	-945.0M	-1.4B
Payment of ordinary/common share dividends to shareholders	($803.0M)	($760.0M)	($725.0M)	($685.0M)
Other	($57.0M)	($57.0M)	($34.0M)	($41.0M)
Net cash used in financing activities	($629.0M)	($2.9B)	($1.8B)	($1.7B)
Effect of currency translation on cash	($6.0M)	—	$2.0M	($21.0M)
Net increase (decrease) in cash, cash equivalents, and restricted cash	($64.0M)	($342.0M)	$573.0M	($115.0M)
Cash, cash equivalents, and restricted cash at beginning of fiscal year	$1.3B	$1.7B	$1.1B	$1.2B
Cash, cash equivalents, and restricted cash at end of fiscal year	$1.3B	—	$1.7B	$1.1B
Interest paid on debt, net	$34.0M	$64.0M	$75.0M	$58.0M
Income taxes paid, net of refunds	$276.0M	$475.0M	$425.0M	$421.0M

TE Connectivity plc cash flow statement, quarters

Line item	Jun 26, 2026 · YTD	Mar 27, 2026 · YTD	Dec 26, 2025 · Q1	Jun 27, 2025 · YTD
Net income	$2.4B	$1.6B	$750.0M	$1.2B
Loss from discontinued operations, net of income taxes	$1.0M	$1.0M	$1.0M	—
Income from continuing operations	$2.4B	$1.6B	$751.0M	$1.2B
Depreciation and amortization	$758.0M	$502.0M	$259.0M	$594.0M
Deferred income taxes	$261.0M	$159.0M	$77.0M	$772.0M
Non-cash lease cost	$118.0M	$78.0M	$39.0M	$106.0M
Provision for losses on accounts receivable and inventories	$61.0M	$49.0M	$43.0M	$62.0M
Share-based compensation expense	$130.0M	$92.0M	$50.0M	$105.0M
Accounts receivable, net	($355.0M)	($59.0M)	($79.0M)	($391.0M)
Inventories	($365.0M)	($331.0M)	($301.0M)	($299.0M)
Prepaid expenses and other current assets	$38.0M	($14.0M)	$20.0M	$31.0M
Accounts payable	$433.0M	$177.0M	$139.0M	$298.0M
Accrued and other current liabilities	($240.0M)	($264.0M)	($217.0M)	($76.0M)
Income taxes	($94.0M)	($84.0M)	$45.0M	$172.0M
Other	($51.0M)	($25.0M)	$4.0M	$60.0M
Net cash provided by operating activities	$3.0B	$1.8B	$865.0M	$2.7B
Capital expenditures	($832.0M)	($528.0M)	($258.0M)	($665.0M)
Proceeds from sale of property, plant, and equipment	$6.0M	$4.0M	$1.0M	$7.0M
Acquisition of businesses, net of cash acquired	($200.0M)	($200.0M)	—	($2.6B)
Other	($6.0M)	($74.0M)	$35.0M	$105.0M
Net cash used in investing activities	($1.0B)	($724.0M)	($254.0M)	($3.3B)
Net increase (decrease) in commercial paper	$100.0M	$100.0M	—	($255.0M)
Proceeds from issuance of debt	$750.0M	$750.0M	—	$2.2B
Repayment of debt	($851.0M)	($851.0M)	—	($580.0M)
Proceeds from exercise of share options	$79.0M	$64.0M	$44.0M	$101.0M
Repurchase of ordinary shares	-1.3B	-819.0M	-405.0M	-910.0M
Payment of ordinary share dividends to shareholders	($643.0M)	($417.0M)	($209.0M)	($594.0M)
Other	($67.0M)	($58.0M)	$3.0M	($12.0M)
Net cash used in financing activities	($2.0B)	($1.2B)	($616.0M)	($63.0M)
Effect of currency translation on cash	($1.0M)	($2.0M)	$1.0M	($4.0M)
Net decrease in cash, cash equivalents, and restricted cash	($16.0M)	($145.0M)	($4.0M)	($647.0M)
Cash, cash equivalents, and restricted cash at beginning of fiscal period	$1.3B	$1.3B	$1.3B	$1.3B
Cash, cash equivalents, and restricted cash at end of fiscal period	$1.2B	$1.1B	$1.3B	—

TE Connectivity plc score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.