TE Connectivity (TEL) Q4 2025 Earnings Transcript

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Oct. 29, 2025, astatine 8:30 a.m. ET

• Chief Executive Officer — Terrence Curtin

• Chief Financial Officer — Heath Mitts

• Senior Vice President, Investor Relations — Sujal Shah

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Now delight enactment that we are making a alteration successful our non-GAAP reporting with the commencement of our fiscal 2026 year. The 4th fourth and afloat twelvemonth fiscal 2025 fiscal results that we volition sermon successful today's telephone bash not bespeak this change. However, opening successful fiscal 2026, we volition exclude amortization disbursal connected intangible assets from definite of our non-GAAP fiscal measures, and this alteration is reflected successful our Q1 guidance. We person recast the fiscal accusation of the quarters of 2025 and 2024 to guarantee an apples-to-apples examination of our results going forward, and this is provided successful the descent appendix and successful an 8-K that was filed this morning.

Also, arsenic a reminder, we volition clasp our Investor Day lawsuit connected November 20 successful Philadelphia with a merchandise showcase the evening before. We're excited to convey opportunities for maturation and further worth instauration for our owners and are looking guardant to seeing galore of you astatine the event. Note that we volition besides person a unrecorded webcast for those who are incapable to be successful person. And finally, during the Q&A information of today's call, owed to the fig of participants, we're asking everyone to bounds themselves to 1 question, and you whitethorn rejoin the queue if you person a 2nd question. Now fto maine crook the telephone implicit to Terrence for opening comments.

Terrence Curtin: Thanks, Sujal, and convey you, everyone, for joining america today. Before I get into the details connected the slides, I bash privation to reenforce a fewer cardinal takeaways upfront. First disconnected is that our beardown momentum is continuing with quarterly and afloat twelvemonth records for sales, net and escaped currency travel successful what continues to beryllium an uneven macro environment. We besides proceed to show the strategical positioning of our portfolio, benefiting from the secular maturation trends successful a fig of our businesses, and we'll speech astir these arsenic we spell done the treatment of our results today.

We besides proceed to show operational resilience with our planetary manufacturing strategy wherever we've invested heavy to guarantee in-region enactment of our customers, and we are acceptable up for this beardown show to proceed into fiscal 2026. We expect to proceed executing connected our semipermanent worth instauration model, and we'll click down and supply much details astatine our Investor Day adjacent month. So with that arsenic a backdrop, I would similar to get into the presentation, starting with Slide 3, and I'll sermon fiscal 2025 results and our guidance for the archetypal 4th of fiscal 2026. Our 4th fourth income were supra our guidance astatine $4.75 billion, increasing 17% connected a reported ground and 11% organically year-over-year.