TE Connectivity (TEL) official guidance

We do expect our growth over market in fiscal 2027 to be in our four-six point range, driven by the three pillars of content growth for us, which is data connectivity in the vehicle, electrification of the powertrain, as well as electronification of the vehicle.

For fiscal 2027, we expect our adjusted effective tax rate to be 22%, similar to last year's rate.

The adjusted effective tax rate was 21% in our fourth quarter, and we expect 21% in the first quarter as well.

We expect adjusted earnings per share to be around $3.30, and this will be growing 21% over last year's levels.

In 2027, we expect to add over $1 billion of DDN revenue, with the vast majority of that from AI applications.

For the full year, restructuring charges were $110 million, and I expect restructuring charges in fiscal 2027 to be below the $100 million level.

As we look ahead to fiscal 2027 and our outlook, for the first quarter of 2027, we are expecting sales of $5.35 billion, and this is an increase of 15% year-over-year on both a reported and an organic basis, and the growth, again, will be broad-based.

As you look at it, we do expect our DDN sales to be up slightly from quarter four to quarter one, then we will expect it to be up a little bit higher in quarter two, and then we will have a bigger step up in the second half.

As you look at it, we do expect our DDN sales to be up slightly from quarter four to quarter one, then we will expect it to be up a little bit higher in quarter two, and then we will have a bigger step up in the second half.

As you look at it, we do expect our DDN sales to be up slightly from quarter four to quarter one, then we will expect it to be up a little bit higher in quarter two, and then we will have a bigger step up in the second half.

Our strong orders and backlog positions support our outlook for double-digit sales growth this year, 2027.

As we look forward, we do expect global vehicle production to be down slightly in fiscal 2027, continuing the production trends that we saw this past year.

GAAP EPS from continuing operations is expected to be approximately $3.04, an increase of 20% year over year, with adjusted EPS of approximately $3.30, up 21% year over year.

For the full fiscal year, we expect to deliver organic sales growth that is similar to our strong performance in fiscal 2026.

| **Organic net sales growth** (1) | ​ | 15.3 | % | ​ | ​ | ​ | ​ |

We expect our full-year content outperformance to be in our four to six point range for both this year as well as longer term.

The adjusted effective tax rate was 23% in Q3, and we expect Q4's rate to be between 22% and 23%.

We expect to deliver adjusted earnings per share of approximately $3.05.

For the full year, we expect to deliver growth of 15% in sales and 23% in adjusted EPS year-over-year.

We continue to expect our free cash flow conversion to be roughly 100% this year.