Technology
Vision Marine Technologies Files U.S. Patent Application Covering Marine Low-Voltage Power Management
Published
60 minutes agoon
By
Intellectual Property / Electric Propulsion Technology
New filing extends the E-Motion™ 180E system architecture to the management and prioritization of auxiliary vessel power.
BOISBRIAND, QC, July 22, 2026 /PRNewswire/ — Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) (“Vision Marine” or the “Company”), a marine technology and recreational boating company combining proprietary high-voltage electric propulsion technology with direct consumer market access through its Nautical Ventures retail, service and marina platform, today announced the filing of a new U.S. patent application relating to low-voltage power distribution and selective load management aboard marine vessels. The application is directed to managing auxiliary electrical power across different vessel operating states while preserving power for selected higher-priority functions.
In practical terms, even a high-voltage electric vessel depends on a conventional low-voltage electrical system to support controls and other onboard functions. When a vessel is shut down, stored, serviced or not actively charging, unnecessary electrical loads can gradually deplete its house battery. The proposed technology is designed to prioritize which functions remain available and disconnect other loads when appropriate, helping preserve battery reserves and support more controlled onboard power management.
The filing expands Vision Marine’s system-level approach to the E-Motion™ 180E high-voltage electric marine powertrain. The E-Motion™ platform integrates the electric motor, high-voltage battery architecture, power electronics, cooling systems, propulsion controls, safety systems and digital helm interface required for high-performance electric boating. The proposed low-voltage power-management technology is intended to complement this architecture by addressing how supporting vessel systems receive and conserve power during operation, charging, shutdown, storage and service.
“A complete electric marine powertrain must manage both the high-voltage energy that propels the boat and the low-voltage systems that support practical and safe operation,” said Daniel Rathe, Chief Technology Officer of Vision Marine. “This application addresses a straightforward but important question: when the vessel is not operating, how does the system preserve energy for safety critical functions? That system-level approach is central to how Vision Marine is engineering the E-Motion™ 180E as a complete marine-specific powertrain.”
The filing adds to Vision Marine’s intellectual-property portfolio surrounding propulsion controls, outboard integration, power management, cooling systems, safety functions, fault detection, component authentication and secure vessel communications. Vision Marine has industrialized its 180 HP high-voltage E-Motion™ propulsion system, has previously disclosed integrations across more than 25 boats from 13 recreational boat brands, and established a 116 mph electric boat speed record in 2023. Together, these developments reflect the Company’s strategy of engineering and seeking intellectual-property protection across the complete marine propulsion architecture, from high-voltage performance to the supporting systems required for integration, operation and servicing. The patent application is pending and remains subject to examination by the United States Patent and Trademark Office. No assurance can be given regarding the scope, timing or outcome of the application.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. (NASDAQ: VMAR; TSXV: VMAR) is a marine technology and recreational boating company combining proprietary high-voltage electric propulsion technology with direct consumer market access through its Nautical Ventures retail, service and marina platform.
Vision Marine’s E-Motion™ propulsion platform was designed specifically for marine applications and integrates electric motor technology, high-voltage battery architecture, power electronics, cooling systems, controls, safety systems and digital helm interfaces required for high-performance electric boating. Through Nautical Ventures, the Company also operates a multi-brand retail, service and marina network serving consumers across Florida in both electric and internal combustion engine segments.
Forward-Looking Statements
Certain statements in this press release constitute forward-looking statements within the meaning of applicable Canadian securities laws and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by words such as “may,” “will,” “expect,” “intend,” “believe,” “estimate,” “anticipate,” “plan,” “potential,” “continue,” “could,” “should,” “would” and similar expressions.
Forward-looking statements in this press release include, without limitation, statements regarding the Company’s intellectual-property strategy and portfolio; the potential scope, functionality, benefits and commercial relevance of the patent application described in this release; the potential for patent protection and the scope, timing or outcome of pending patent applications; the development, validation, integration and commercialization of the E-Motion™ platform and related technologies; the potential utility of the proposed low-voltage power-management technology; and the adoption and integration of electric marine propulsion systems.
Forward-looking statements are based on management’s current expectations, estimates, assumptions and beliefs and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. These risks and uncertainties include, without limitation, risks associated with technology development, testing, integration, commercialization and market acceptance; uncertainty regarding the examination, scope, enforceability and outcome of patent applications; the Company’s ability to protect its intellectual property; liquidity, financing and operating-performance risks; supply-chain and manufacturing risks; competitive, regulatory, market and economic conditions; and the other risks described in the Company’s filings with the U.S. Securities and Exchange Commission and Canadian securities regulatory authorities.
Readers should not place undue reliance on forward-looking statements, which speak only as of the date made. Vision Marine undertakes no obligation to update or revise forward-looking statements, except as required by applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider, as that term is defined in the policies of the TSX Venture Exchange, accepts responsibility for the adequacy or accuracy of this press release.
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SOURCE Vision Marine Technologies, Inc
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Technology
U.S. Companies Receive More Than $2 Billion in UN Contracts in 2025
Published
2 seconds agoon
July 22, 2026By
The U.S. remains the UN’s largest supplier, receiving as much in contracts as it pays in UN dues
WASHINGTON, July 22, 2026 /PRNewswire/ — The United States remained the largest supplier to United Nations organizations in 2025, with American companies receiving $2.03 billion in procurement contracts, according to newly released data from the UN Global Marketplace.
“These numbers prove that the U.S. can do good and do well at the same time. UN contracts support American jobs and strengthen local economies while contributing to the UN’s lifesaving work,” said Peter Yeo, President of the Better World Campaign.
U.S. companies won more than 85 percent of all UN contracts valued at more than $1 million. Thirty-two UN organizations contracted with U.S. companies, including UNICEF and the UN Development Program.
The U.S. retained its position as the UN’s largest supplier of pharmaceuticals, providing $921.2 million in products that support global health programs. American companies also remained leading providers of management and administrative services ($254.9 million), engineering and research services ($225.5 million), transportation and logistics services ($99.7 million), and information technology and communications equipment ($95.4 million).
States Leading in UN Contract Awards
New York
$624.9M
New Jersey
$342.7M
Delaware
$272M
California
$79.4M
Washington
$68.3M
Maine
$55.4M
Virginia
$49.8M
Texas
$35.6M
Washington, DC
$34.9M
Massachusetts
$29.9M
To learn more about UN contracts in your state, click here.
“As policymakers consider America’s relationship with the United Nations, these numbers are worth remembering,” Yeo said. “The UN is not only advancing U.S. interests around the world—it is also creating business opportunities for American companies and workers in communities across the country.”
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SOURCE Better World Campaign
Technology
MEXC Appoints Robert MacDonald as Chief Compliance Officer to Lead Global Regulatory Strategy
Published
4 seconds agoon
July 22, 2026By
MUTSAMUDU, Comoros, July 22, 2026 /PRNewswire/ — MEXC, the world leader in 0‑fee digital asset trading, today announced the appointment of Robert MacDonald as Chief Compliance Officer. Robert brings over two decades of experience leading regulatory transformation at the intersection of traditional finance and digital assets, and will oversee MEXC’s global compliance strategy, governance framework, and regulatory engagement.
Robert joins MEXC from Bybit, where he served as Chief Legal & Compliance Officer. In this dual capacity, he directed the exchange’s global licensing strategy and corporate legal operations and oversaw the implementation of international AML and KYC frameworks. Robert’s previous leadership roles include senior positions at Standard Chartered and Binance where he focused on regulatory strategy, compliance transformation, and governance.
In 2025, Robert was recognized among Asian Legal Business’ Top 15 Chief Compliance Officers, highlighting his work in navigating regulatory complexity within the digital asset sector.
In recent months, MEXC has expanded beyond its traditional crypto offering to provide retail users with access to a wider range of market opportunities, including digital assets, equities-related products, IPO access, and other asset classes across global financial markets.
Robert’s strategic mandate at MEXC centers on three core pillars:
Cross-Jurisdictional Governance: Establishing scalable compliance frameworks that enforce international standards while dynamically adapting to localized regulatory requirements.Data-Driven Risk Management: Deploying advanced analytics and automated infrastructure to mitigate platform risk and secure responsible market access at scale.Strategic Regulatory Engagement: Collaborating directly with global regulators and industry stakeholders to drive accountability, establish clear compliance standards, and ensure long-term operational alignment.
“Over the past decade, the crypto industry has grown at incredible speed, driven by innovation and global demand,” said Robert MacDonald. “As the industry matures, trust won’t be a competitive advantage, but the price of entry, and compliance takes on a bigger role. It is the gateway to trust and sustainable growth at scale. In the world’s most complex and volatile markets, the platforms that endure are not the fastest movers, but those resilient enough to protect their users. That philosophy will anchor MEXC’s compliance agenda going forward.”
“MEXC’s mission is to make more opportunities accessible to users around the world, but expanding access also comes with a responsibility to earn and maintain their trust,” said Vugar Usi, CEO of MEXC. “As the digital asset industry matures, innovation and compliance can no longer be treated as separate priorities. Robert’s deep experience across traditional finance, fintech, and digital assets will help us strengthen the regulatory and governance foundation needed to scale responsibly.”
As MEXC broadens its product offering beyond traditional crypto markets, the exchange is investing in the governance and compliance infrastructure needed to support its growth, scale operations across multiple jurisdictions, and develop new market offerings.
About MEXC
MEXC is the world’s fastest-growing cryptocurrency exchange, trusted by more than 40 million users across 170+ markets. Built on a user-first philosophy, MEXC offers industry-leading 0-fee trading and access to over 3,000 digital assets. As the Gateway to Infinite Opportunities, MEXC provides a single platform where users can easily trade cryptocurrencies alongside tokenized assets, including stocks, ETFs, commodities, and precious metals.
MEXC Official Website| X |Telegram |How to Sign Up on MEXC
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Technology
TE Connectivity delivers results above guidance with 14% sales growth and 19% EPS growth in third quarter of fiscal 2026
Published
7 seconds agoon
July 22, 2026By
Fourth quarter guidance reflects another quarter of double-digit sales and EPS growth
GALWAY, Ireland, July 22, 2026 /PRNewswire/ — TE Connectivity plc (NYSE: TEL) today reported results for the fiscal third quarter ended June 26, 2026.
Third Quarter Highlights
Net sales were a record $5.16 billion, an increase of 14% on a reported basis and 12% organically year over year, driven by growth in both the Industrial and Transportation segments.GAAP diluted earnings per share (EPS) from continuing operations was $2.55, an increase of 19% year over year. Adjusted EPS was a record $2.94, an increase of 22% year over year.GAAP operating margin was 19%, an increase of 10 basis points year over year. Adjusted operating margin expanded by 90 basis points year over year to 22%, driven by strong operational performance.Record orders in both segments totaling $5.7 billion, an increase of 27% year over year with double-digit order growth in all businesses.Cash flow from operating activities was $1.2 billion for the quarter and $3.0 billion year to date. Free cash flow was $883 million for the quarter and $2.2 billion year to date.Returned $2.0 billion to shareholders year to date.Entered agreement to acquire Astrodyne TDI, expanding TE’s power portfolio in the Industrial segment.
“Our teams delivered record third quarter results above guidance, with strong growth performance in both segments, as we continued to capitalize on customer demand for our innovative interconnect technologies,” said CEO Terrence Curtin. “Our Industrial team delivered sales growth of over 20 percent, while Transportation increased sales by five percent organically by growing content with customers and outperforming end markets. Orders in the third quarter increased by more than $1 billion year over year to $5.7 billion, reinforcing broad growth across the portfolio and increased momentum in AI in both the data center and across the broader energy infrastructure. Our strong margin performance continues to reflect our resiliency while also investing for growth. We also continue to deliver on our cash generation model, with strong capital returns for shareholders.
“We are significantly outperforming our business model outlined during our Investor Day, setting us up for double-digit increases in sales and EPS for fiscal 2026 as well as strong growth and operating momentum as we head towards 2027.”
Fourth Quarter FY26 Outlook
For the fourth quarter of fiscal 2026, the company expects sales of approximately $5.25 billion, an increase of 11% year over year on both a reported and organic basis. Adjusted EPS is expected to be approximately $3.05, an increase of 18% year over year. GAAP EPS from continuing operations is expected to be approximately $2.84, an increase of 27% year over year.
Information about TE Connectivity’s use of non-GAAP financial measures is provided below. For reconciliations of these non-GAAP financial measures, see the attached tables.
TE Connectivity to Acquire Astrodyne TDI
TE also announced today it has entered into a definitive agreement to acquire Astrodyne TDI, a leading provider of advanced power management and filtering solutions for mission critical industrial applications, from Tinicum L.P. The acquired company is expected to contribute annual sales of more than $250 million and will be reported as part of the Industrial Solutions segment. The transaction, at an approximate purchase price of $1.4 billion, is subject to customary regulatory approvals and closing conditions and is expected to close by the end of this calendar year.
Conference Call and Webcast
The company will hold a conference call for investors today beginning at 8:30 a.m. ET. The conference call may be accessed in the following ways:
At TE Connectivity’s website: investors.te.comBy telephone: For both “listen-only” participants and those participants who wish to take part in the question-and-answer portion of the call, the dial-in number in the United States is (833) 461-5787 and for international callers, the dial-in number is (585) 542-9983; meeting ID: 628904516.A replay of the conference call will be available on TE Connectivity’s investor website at investors.te.com at 11:30 a.m. ET on July 22.
About TE Connectivity
TE Connectivity plc (NYSE: TEL) is a global industrial technology leader creating a safer, sustainable, productive, and connected future. As a trusted innovation partner, our broad range of connectivity and sensor solutions enable the distribution of power, signal and data to advance next-generation transportation, energy networks, automated factories, data centers enabling artificial intelligence, and more. Our more than 90,000 employees, including 10,000 engineers, work alongside customers in approximately 130 countries. In a world that is racing ahead, TE ensures that EVERY CONNECTION COUNTS. Learn more at www.te.com and on LinkedIn, Facebook, WeChat and Instagram.
Non-GAAP Financial Measures
We present non-GAAP performance and liquidity measures as we believe it is appropriate for investors to consider adjusted financial measures in addition to results in accordance with accounting principles generally accepted in the U.S. (“GAAP”). These non-GAAP financial measures provide supplemental information and should not be considered replacements for results in accordance with GAAP. Management uses non-GAAP financial measures internally for planning and forecasting purposes and in its decision-making processes related to the operations of our company. We believe these measures provide meaningful information to us and investors because they enhance the understanding of our operating performance, ability to generate cash, and the trends of our business. Additionally, we believe that investors benefit from having access to the same financial measures that management uses in evaluating our operations. The primary limitation of these measures is that they exclude the financial impact of items that would otherwise either increase or decrease our reported results. This limitation is best addressed by using these non-GAAP financial measures in combination with the most directly comparable GAAP financial measures in order to better understand the amounts, character, and impact of any increase or decrease in reported amounts. These non-GAAP financial measures may not be comparable to similarly-titled measures reported by other companies.
The following provides additional information regarding our non-GAAP financial measures:
Organic Net Sales Growth (Decline) – represents net sales growth (decline) (the most comparable GAAP financial measure) excluding the impact of foreign currency exchange rates, and acquisitions and divestitures that occurred in the preceding twelve months, if any. Organic Net Sales Growth (Decline) is a useful measure of our performance because it excludes items that are not completely under management’s control, such as the impact of changes in foreign currency exchange rates, and items that do not reflect the underlying growth of the company, such as acquisition and divestiture activity. This measure is a significant component in our incentive compensation plans.
Adjusted Operating Income and Adjusted Operating Margin – represent operating income and operating margin, respectively, (the most comparable GAAP financial measures) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, and other income or charges, if any. We utilize these adjusted measures in combination with operating income and operating margin to assess segment level operating performance and to provide insight to management in evaluating segment operating plan execution and market conditions. Adjusted Operating Income is a significant component in our incentive compensation plans.
Adjusted Income Tax (Expense) Benefit and Adjusted Effective Tax Rate – represent income tax (expense) benefit and effective tax rate, respectively, (the most comparable GAAP financial measures) after adjusting for the tax effect of special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any.
Adjusted Income from Continuing Operations – represents income from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects.
Adjusted Earnings Per Share – represents diluted earnings per share from continuing operations (the most comparable GAAP financial measure) before special items including restructuring and other charges, acquisition-related charges, amortization expense on intangible assets, impairment of goodwill, other income or charges, and certain significant tax items, if any, and, if applicable, the related tax effects. This measure is a significant component in our incentive compensation plans.
Free Cash Flow (FCF) – is a useful measure of our ability to generate cash. The difference between net cash provided by operating activities (the most comparable GAAP financial measure) and Free Cash Flow consists mainly of significant cash outflows and inflows that we believe are useful to identify. We believe Free Cash Flow provides useful information to investors as it provides insight into the primary cash flow metric used by management to monitor and evaluate cash flows generated from our operations. Free Cash Flow is defined as net cash provided by operating activities excluding voluntary pension contributions and the cash impact of special items, if any, minus net capital expenditures. Voluntary pension contributions are excluded from the GAAP financial measure because this activity is driven by economic financing decisions rather than operating activity. Certain special items, including cash paid (collected) pursuant to collateral requirements related to cross-currency swap contracts, are also excluded by management in evaluating Free Cash Flow. Net capital expenditures consist of capital expenditures less proceeds from the sale of property, plant, and equipment. These items are subtracted because they represent long-term commitments. In the calculation of Free Cash Flow, we subtract certain cash items that are ultimately within management’s and the Board of Directors’ discretion to direct and may imply that there is less or more cash available for our programs than the most comparable GAAP financial measure indicates. It should not be inferred that the entire Free Cash Flow amount is available for future discretionary expenditures, as our definition of Free Cash Flow does not consider certain non-discretionary expenditures, such as debt payments. In addition, we may have other discretionary expenditures, such as discretionary dividends, share repurchases, and business acquisitions, that are not considered in the calculation of Free Cash Flow.
Forward-Looking Statements
This release contains certain “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance, financial condition or achievements to differ materially from anticipated results, performance, financial condition or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words “anticipate,” “believe,” “expect,” “estimate,” “plan,” and similar expressions are generally intended to identify forward-looking statements. We have no intention and are under no obligation to update or alter (and expressly disclaim any such intention or obligation to do so) our forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by law. The forward-looking statements in this release include statements addressing our future financial condition and operating results. Examples of factors that could cause actual results to differ materially from those described in the forward-looking statements include, among others, the extent, severity and duration of business interruptions negatively affecting our business operations; business, economic, competitive and regulatory risks, such as conditions affecting demand for products in the automotive and other industries we serve; competition and pricing pressure; fluctuations in foreign currency exchange rates and commodity prices; natural disasters and political, economic and military instability in countries in which we operate, including continuing military conflict in certain parts of the world; developments in the credit markets; future goodwill impairment; compliance with current and future environmental and other laws and regulations; and the possible effects on us of changes in tax laws, tax treaties and other legislation. More detailed information about these and other factors is set forth in TE Connectivity plc’s Annual Report on Form 10-K for the fiscal year ended Sept 26, 2025, as well as in our Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed by us with the U.S. Securities and Exchange Commission.
TE CONNECTIVITY PLC
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
For the Quarters Ended
For the Nine Months Ended
June 26,
June 27,
June 26,
June 27,
2026
2025
2026
2025
(in millions, except per share data)
Net sales
$
5,160
$
4,534
$
14,573
$
12,513
Cost of sales
3,325
2,934
9,254
8,094
Gross margin
1,835
1,600
5,319
4,419
Selling, general, and administrative expenses
532
491
1,606
1,372
Research, development, and engineering expenses
230
211
692
602
Acquisition and integration costs
9
27
20
41
Restructuring and other charges, net
83
14
103
109
Operating income
981
857
2,898
2,295
Interest income
21
17
67
62
Interest expense
(31)
(28)
(93)
(48)
Other income (expense), net
—
—
2
(2)
Income from continuing operations before income taxes
971
846
2,874
2,307
Income tax expense
(223)
(208)
(520)
(1,128)
Income from continuing operations
748
638
2,354
1,179
Loss from discontinued operations, net of income taxes
—
—
(1)
—
Net income
$
748
$
638
$
2,353
$
1,179
Basic earnings per share:
Income from continuing operations
$
2.57
$
2.16
$
8.03
$
3.96
Loss from discontinued operations
—
—
—
—
Net income
2.57
2.16
8.03
3.96
Diluted earnings per share:
Income from continuing operations
$
2.55
$
2.14
$
7.98
$
3.93
Loss from discontinued operations
—
—
—
—
Net income
2.55
2.14
7.98
3.93
Weighted-average number of shares outstanding:
Basic
291
296
293
298
Diluted
293
298
295
300
TE CONNECTIVITY PLC
CONSOLIDATED BALANCE SHEETS (UNAUDITED)
June 26,
September 26,
2026
2025
(in millions, except share data)
Assets
Current assets:
Cash and cash equivalents
$
1,239
$
1,255
Accounts receivable, net of allowance for doubtful accounts of $51 and $44, respectively
3,749
3,403
Inventories
3,027
2,699
Prepaid expenses and other current assets
728
609
Total current assets
8,743
7,966
Property, plant, and equipment, net
4,529
4,312
Goodwill
7,403
7,126
Intangible assets, net
2,081
2,227
Deferred income taxes
2,233
2,507
Other assets
1,081
943
Total assets
$
26,070
$
25,081
Liabilities, redeemable noncontrolling interests, and shareholders’ equity
Current liabilities:
Short-term debt
$
102
$
852
Accounts payable
2,409
2,021
Accrued and other current liabilities
2,149
2,247
Total current liabilities
4,660
5,120
Long-term debt
5,530
4,842
Long-term pension and postretirement liabilities
737
767
Deferred income taxes
176
198
Income taxes
320
414
Other liabilities
1,254
1,010
Total liabilities
12,677
12,351
Commitments and contingencies
Redeemable noncontrolling interests
147
145
Shareholders’ equity:
Preferred shares, $1.00 par value, 2 shares authorized, none outstanding
—
—
Ordinary class A shares, €1.00 par value, 25,000 shares authorized, none outstanding
—
—
Ordinary shares, $0.01 par value, 1,500,000,000 shares authorized, 296,097,014 and 302,889,075
shares issued, respectively
3
3
Accumulated earnings
14,500
13,932
Ordinary shares held in treasury, at cost, 6,156,342 and 8,330,931 shares, respectively
(1,350)
(1,356)
Accumulated other comprehensive income
93
6
Total shareholders’ equity
13,246
12,585
Total liabilities, redeemable noncontrolling interests, and shareholders’ equity
$
26,070
$
25,081
TE CONNECTIVITY PLC
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
For the Quarters Ended
For the Nine Months Ended
June 26,
June 27,
June 26,
June 27,
2026
2025
2026
2025
(in millions)
Cash flows from operating activities:
Net income
$
748
$
638
$
2,353
$
1,179
Loss from discontinued operations, net of income taxes
—
—
1
—
Income from continuing operations
748
638
2,354
1,179
Adjustments to reconcile income from continuing operations to net cash
provided by operating activities:
Depreciation and amortization
256
216
758
594
Deferred income taxes
102
71
261
772
Non-cash lease cost
40
37
118
106
Provision for losses on accounts receivable and inventories
12
19
61
62
Share-based compensation expense
38
36
130
105
Other
(26)
26
(51)
60
Changes in assets and liabilities, net of the effects of acquisitions and
divestitures:
Accounts receivable, net
(296)
(220)
(355)
(391)
Inventories
(34)
(167)
(365)
(299)
Prepaid expenses and other current assets
52
(109)
38
31
Accounts payable
256
152
433
298
Accrued and other current liabilities
24
222
(240)
(76)
Income taxes
(10)
117
(94)
172
Other
23
149
(51)
105
Net cash provided by operating activities
1,185
1,187
2,997
2,718
Cash flows from investing activities:
Capital expenditures
(304)
(230)
(832)
(665)
Proceeds from sale of property, plant, and equipment
2
5
6
7
Acquisition of businesses, net of cash acquired
—
(2,307)
(200)
(2,628)
Other
(6)
(5)
(6)
(12)
Net cash used in investing activities
(308)
(2,537)
(1,032)
(3,298)
Cash flows from financing activities:
Net increase (decrease) in commercial paper
—
(1,500)
100
(255)
Proceeds from issuance of debt
—
1,458
750
2,231
Repayment of debt
—
(1)
(851)
(580)
Proceeds from exercise of share options
15
42
79
101
Repurchase of ordinary shares
(529)
(301)
(1,348)
(910)
Payment of ordinary share dividends to shareholders
(226)
(212)
(643)
(594)
Other
(9)
(23)
(67)
(56)
Net cash used in financing activities
(749)
(537)
(1,980)
(63)
Effect of currency translation on cash
1
5
(1)
(4)
Net increase (decrease) in cash, cash equivalents, and restricted cash
129
(1,882)
(16)
(647)
Cash, cash equivalents, and restricted cash at beginning of period
1,110
2,554
1,255
1,319
Cash, cash equivalents, and restricted cash at end of period
$
1,239
$
672
$
1,239
$
672
Supplemental cash flow information:
Income taxes paid, net of refunds
$
130
$
20
$
353
$
184
TE CONNECTIVITY PLC
RECONCILIATION OF FREE CASH FLOW (UNAUDITED)
For the Quarters Ended
For the Nine Months Ended
June 26,
June 27,
June 26,
June 27,
2026
2025
2026
2025
(in millions)
Net cash provided by operating activities
$
1,185
$
1,187
$
2,997
$
2,718
Capital expenditures, net
(302)
(225)
(826)
(658)
Free cash flow (1)
$
883
$
962
$
2,171
$
2,060
(1) Free cash flow is a non-GAAP financial measure. See description of non-GAAP financial measures.
TE CONNECTIVITY PLC
SEGMENT DATA (UNAUDITED)
For the Quarters Ended
For the Nine Months Ended
June 26,
June 27,
June 26,
June 27,
2026
2025
2026
2025
($ in millions)
Net Sales
Net Sales
Net Sales
Net Sales
Transportation Solutions
$
2,580
$
2,418
$
7,469
$
6,975
Industrial Solutions
2,580
2,116
7,104
5,538
Total
$
5,160
$
4,534
$
14,573
$
12,513
Operating
Operating
Operating
Operating
Operating
Operating
Operating
Operating
Income
Margin
Income
Margin
Income
Margin
Income
Margin
Transportation Solutions
$
444
17.2
%
$
462
19.1
%
$
1,448
19.4
%
$
1,353
19.4
%
Industrial Solutions
537
20.8
395
18.7
1,450
20.4
942
17.0
Total
$
981
19.0
%
$
857
18.9
%
$
2,898
19.9
%
$
2,295
18.3
%
Adjusted
Adjusted
Adjusted
Adjusted
Adjusted
Adjusted
Adjusted
Adjusted
Operating
Operating
Operating
Operating
Operating
Operating
Operating
Operating
Income (1)
Margin (1)
Income (1)
Margin (1)
Income (1)
Margin (1)
Income (1)
Margin (1)
Transportation Solutions
$
541
21.0
%
$
486
20.1
%
$
1,586
21.2
%
$
1,476
21.2
%
Industrial Solutions
588
22.8
467
22.1
1,608
22.6
1,107
20.0
Total
$
1,129
21.9
%
$
953
21.0
%
$
3,194
21.9
%
$
2,583
20.6
%
(1) Adjusted operating income and adjusted operating margin are non-GAAP financial measures. See description of non-GAAP financial measures.
TE CONNECTIVITY PLC
RECONCILIATION OF NET SALES GROWTH (DECLINE) (UNAUDITED)
Change in Net Sales for the Quarter Ended June 26, 2026
versus Net Sales for the Quarter Ended June 27, 2025
Net Sales
Organic Net Sales
Growth (Decline)
Growth (Decline) (1)
Translation (2)
Acquisitions
($ in millions)
Transportation Solutions:
Automotive
$
94
5.2
%
$
53
2.9
%
$
41
$
—
Commercial transportation
71
19.6
63
17.8
8
—
Sensors
(3)
(1.3)
(6)
(2.8)
3
—
Total Transportation Solutions
162
6.7
110
4.5
52
—
Industrial Solutions:
Digital data networks
207
34.2
205
34.0
2
—
Automation and connected living
93
16.3
83
14.3
10
—
Aerospace, defense, and marine
45
12.0
43
11.5
2
—
Energy
132
34.4
126
32.7
6
—
Medical
(13)
(7.2)
(13)
(7.2)
—
—
Total Industrial Solutions
464
21.9
444
21.0
20
—
Total
$
626
13.8
%
$
554
12.2
%
$
72
$
—
Change in Net Sales for the Nine Months Ended June 26, 2026
versus Net Sales for the Nine Months Ended June 27, 2025
Net Sales
Organic Net Sales
Growth (Decline)
Growth (Decline) (1)
Translation (2)
Acquisitions
($ in millions)
Transportation Solutions:
Automotive
$
290
5.5
%
$
105
2.0
%
$
185
$
—
Commercial transportation
199
19.7
169
16.9
30
—
Sensors
5
0.7
(18)
(2.7)
23
—
Total Transportation Solutions
494
7.1
256
3.7
238
—
Industrial Solutions:
Digital data networks
733
48.8
715
47.7
18
—
Automation and connected living
230
14.7
180
11.5
49
1
Aerospace, defense, and marine
126
11.6
100
9.2
26
—
Energy
488
55.5
189
21.5
28
271
Medical
(11)
(2.1)
(12)
(2.3)
1
—
Total Industrial Solutions
1,566
28.3
1,172
21.2
122
272
Total
$
2,060
16.5
%
$
1,428
11.4
%
$
360
$
272
(1) Organic net sales growth (decline) is a non-GAAP financial measure. See description of non-GAAP financial measures.
(2) Represents the change in net sales resulting from changes in foreign currency exchange rates.
TE CONNECTIVITY PLC
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 26, 2026
(UNAUDITED)
Adjustments
Acquisition-
Restructuring
Related
and Other
Amortization
Adjusted
U.S. GAAP
Charges (1)
Charges, Net (1)
Expense (1)
(Non-GAAP) (2)
($ in millions, except per share data)
Operating income:
Transportation Solutions
$
444
$
1
$
79
$
17
$
541
Industrial Solutions
537
8
4
39
588
Total
$
981
$
9
$
83
$
56
$
1,129
Operating margin
19.0
%
21.9
%
Income tax expense
$
(223)
$
(2)
$
(22)
$
(11)
$
(258)
Effective tax rate
23.0
%
23.1
%
Income from continuing operations
$
748
$
7
$
61
$
45
$
861
Diluted earnings per share from
continuing operations
$
2.55
$
0.02
$
0.21
$
0.15
$
2.94
(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in
effect for each such jurisdiction.
(2) See description of non-GAAP financial measures.
TE CONNECTIVITY PLC
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended June 27, 2025
(UNAUDITED)
Adjustments
Acquisition-
Restructuring
Related
and Other
Amortization
Adjusted
U.S. GAAP
Charges (1)
Charges, Net (1)
Expense (1)
(Non-GAAP) (2)
($ in millions, except per share data)
Operating income:
Transportation Solutions
$
462
$
—
$
7
$
17
$
486
Industrial Solutions
395
30
7
35
467
Total
$
857
$
30
$
14
$
52
$
953
Operating margin
18.9
%
21.0
%
Income tax expense
$
(208)
$
(7)
$
1
$
(11)
$
(225)
Effective tax rate
24.6
%
23.9
%
Income from continuing operations
$
638
$
23
$
15
$
41
$
717
Diluted earnings per share from
continuing operations
$
2.14
$
0.08
$
0.05
$
0.14
$
2.41
(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in
effect for each such jurisdiction.
(2) See description of non-GAAP financial measures.
TE CONNECTIVITY PLC
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Nine Months Ended June 26, 2026
(UNAUDITED)
Adjustments
Acquisition-
Restructuring
Related
and Other
Amortization
Adjusted
U.S. GAAP
Charges (1)
Charges, Net (1)
Expense (1)
Tax Items (2)
(Non-GAAP) (3)
($ in millions, except per share data)
Operating income:
Transportation Solutions
$
1,448
$
1
$
84
$
53
$
—
$
1,586
Industrial Solutions
1,450
22
19
117
—
1,608
Total
$
2,898
$
23
$
103
$
170
$
—
$
3,194
Operating margin
19.9
%
21.9
%
Income tax expense
$
(520)
$
(5)
$
(23)
$
(34)
$
(114)
$
(696)
Effective tax rate
18.1
%
22.0
%
Income from continuing operations
$
2,354
$
18
$
80
$
136
$
(114)
$
2,474
Diluted earnings per share from
continuing operations
$
7.98
$
0.06
$
0.27
$
0.46
$
(0.39)
$
8.39
(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for
each such jurisdiction.
(2) Represents a net income tax benefit related primarily to the settlement of prior period tax matters.
(3) See description of non-GAAP financial measures.
TE CONNECTIVITY PLC
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Nine Months Ended June 27, 2025
(UNAUDITED)
Adjustments
Acquisition-
Restructuring
Related
and Other
Amortization
Adjusted
U.S. GAAP
Charges (1)
Charges, Net (1)
Expense (1)
Tax Items (2)
(Non-GAAP) (3)
($ in millions, except per share data)
Operating income:
Transportation Solutions
$
1,353
$
—
$
72
$
51
$
—
$
1,476
Industrial Solutions
942
47
37
81
—
1,107
Total
$
2,295
$
47
$
109
$
132
$
—
$
2,583
Operating margin
18.3
%
20.6
%
Income tax expense
$
(1,128)
$
(10)
$
(19)
$
(26)
$
587
$
(596)
Effective tax rate
48.9
%
23.0
%
Income from continuing operations
$
1,179
$
37
$
90
$
106
$
587
$
1,999
Diluted earnings per share from
continuing operations
$
3.93
$
0.12
$
0.30
$
0.35
$
1.96
$
6.66
(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for
each such jurisdiction.
(2) Includes income tax expense of $574 million related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year tax
credit obtained by a Swiss subsidiary in fiscal 2024 as well as income tax expense of $13 million related to the revaluation of deferred tax assets as a result of a
decrease in the corporate tax rate in a non-U.S. jurisdiction.
(3) See description of non-GAAP financial measures.
TE CONNECTIVITY PLC
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Quarter Ended September 26, 2025
(UNAUDITED)
Adjustments
Acquisition-
Restructuring
Related
and Other
Amortization
Adjusted
U.S. GAAP
Charges (1)
Charges, Net (1)
Expense (1)
Tax Items (2)
(Non-GAAP) (3)
($ in millions, except per share data)
Operating income:
Transportation Solutions
$
465
$
—
$
3
$
19
$
—
$
487
Industrial Solutions
451
10
14
39
—
514
Total
$
916
$
10
$
17
$
58
$
—
$
1,001
Operating margin
19.3
%
21.1
%
Income tax expense
$
(233)
$
(2)
$
6
$
(11)
$
31
$
(209)
Effective tax rate
26.0
%
21.3
%
Income from continuing operations
$
664
$
8
$
23
$
47
$
31
$
773
Diluted earnings per share from
continuing operations
$
2.23
$
0.03
$
0.08
$
0.16
$
0.10
$
2.59
(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for
each such jurisdiction.
(2) Represents income tax expense of $44 million related to an increase in the valuation allowance for certain U.S. tax loss and credit carryforwards and an income
tax benefit of $13 million related to the revaluation of deferred tax liabilities as a result of a decrease in the corporate tax rate in a non-U.S. jurisdiction.
(3) See description of non-GAAP financial measures.
TE CONNECTIVITY PLC
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP FINANCIAL MEASURES
For the Year Ended September 26, 2025
(UNAUDITED)
Adjustments
Acquisition-
Restructuring
Related
and Other
Amortization
Adjusted
U.S. GAAP
Charges (1)
Charges, Net (1)
Expense (1)
Tax Items (2)
(Non-GAAP) (3)
($ in millions, except per share data)
Operating income:
Transportation Solutions
$
1,818
$
—
$
75
$
70
$
—
$
1,963
Industrial Solutions
1,393
57
51
120
—
1,621
Total
$
3,211
$
57
$
126
$
190
$
—
$
3,584
Operating margin
18.6
%
20.8
%
Income tax expense
$
(1,361)
$
(12)
$
(13)
$
(37)
$
618
$
(805)
Effective tax rate
42.5
%
22.5
%
Income from continuing operations
$
1,843
$
45
$
113
$
153
$
618
$
2,772
Diluted earnings per share from
continuing operations
$
6.16
$
0.15
$
0.38
$
0.51
$
2.07
$
9.27
(1) The tax effect of each non-GAAP adjustment is calculated based on the jurisdictions in which the expense (income) is incurred and the tax laws in effect for
each such jurisdiction.
(2) Represents income tax expense of $574 million related to a net increase in the valuation allowance for certain deferred tax assets associated with a ten-year tax
credit obtained by a Swiss subsidiary in fiscal 2024 as well as income tax expense of $44 million related to an increase in the valuation allowance for certain U.S.
tax loss and credit carryforwards.
(3) See description of non-GAAP financial measures.
TE CONNECTIVITY PLC
RECONCILIATION OF FORWARD-LOOKING NON-GAAP FINANCIAL MEASURES
TO FORWARD-LOOKING GAAP FINANCIAL MEASURES
As of July 22, 2026
(UNAUDITED)
Outlook for
Quarter Ending
September 25,
2026
Diluted earnings per share from continuing operations
$
2.84
Acquisition-related charges
0.02
Restructuring and other charges, net
0.04
Amortization expense
0.15
Adjusted diluted earnings per share from continuing operations (1)
$
3.05
Net sales growth
10.6
%
Translation
0.2
(Acquisitions) divestitures, net
—
Organic net sales growth (1)
10.8
%
(1) See description of non-GAAP financial measures.
View original content to download multimedia:https://www.prnewswire.com/news-releases/te-connectivity-delivers-results-above-guidance-with-14-sales-growth-and-19-eps-growth-in-third-quarter-of-fiscal-2026-302831805.html
SOURCE TE Connectivity plc
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