{"schemaVersion":1,"research":true,"symbol":"tel","name":"TE Connectivity plc","topic":"moat","path":"/stock/tel/moat","status":"published","version":3,"updatedAt":"2026-10-18T13:14:01.389Z","locked":false,"publicFairValue":false,"fairValue":null,"moat":{"verdict":"uncertain","summary":"TE demonstrates engineering know-how, customer collaboration and repeated manufacturing productivity improvements, but the passages do not establish durable competitive superiority or material switching barriers. Pricing outcomes are mixed: consolidated pricing added $51 million in the first half of fiscal 2026, while Transportation experienced $46 million of price erosion over nine months. Growth and productivity support operating strength, but do not independently establish a moat.","advantages":[{"mechanism":"intangible_assets","claim":"Proprietary manufacturing know-how and engineering capabilities are current capabilities supporting differentiation; their strength as a durable competitive barrier remains unestablished.","durability":"Reliance on know-how and innovation is disclosed across multiple years. No evidence establishes how difficult these capabilities are to replicate, and TE does not depend materially on any single patent or related group.","risks":"Broad competition, technological change and realized price erosion can weaken the economic benefits of differentiation.","invalidation":"The differentiation thesis would weaken if customer adoption or content per vehicle declined persistently, or pricing losses repeatedly overwhelmed productivity gains. Demonstrated equivalence of competing solutions would invalidate the proposed barrier.","competitors":["Amphenol","Molex","JST","Korea Electric Terminal (KET)"],"evidenceIds":["e1","e2","e3","e6","e7"],"counterEvidenceIds":["e4","e5","e8","e10"]},{"mechanism":"switching_costs","claim":"Customer collaboration and custom solutions create a plausible source of switching friction, but the passages do not demonstrate qualification costs, redesign burdens or contractual lock-in.","durability":"Customer relationships are described in successive annual disclosures, and increased automotive content provides indirect evidence of continuing demand. Neither establishes customer dependency or a protected relationship duration.","risks":"Orders can be cancelled, customer demand remains cyclical, and close engineering relationships may coexist with competitive sourcing and price concessions.","invalidation":"Evidence that customers routinely substitute suppliers without meaningful redesign, qualification expense or disruption would invalidate the switching-cost thesis. Persistent loss of content on continuing customer programs would also weaken it.","competitors":["Amphenol","Molex","JST","Korea Electric Terminal (KET)"],"evidenceIds":["e2","e3","e6","e7"],"counterEvidenceIds":["e9","e10","e11"]}],"evidence":[{"id":"e1","sourceId":"filing-1","location":"Business / Intellectual Property","excerpt":"We also rely upon trade secrets, manufacturing know-how, continuing technological innovations, and licensing opportunities to maintain and improve our competitive position."},{"id":"e2","sourceId":"filing-4","location":"Business / Customer relationships","excerpt":"As an industry leader, we have established close working relationships with many of our customers."},{"id":"e3","sourceId":"filing-4","location":"Business / Customer collaboration in product design","excerpt":"These relationships allow us to better anticipate and respond to customer needs when designing new products and new technical solutions."},{"id":"e4","sourceId":"filing-1","location":"Business / Intellectual Property / Patent dependency","excerpt":"While we consider our patents and trademarks to be valued assets, we do not believe that our competitive position or our operations are dependent upon or would be materially impacted by any single patent or group of related patents."},{"id":"e5","sourceId":"filing-1","location":"Business / Competition","excerpt":"The industries in which we operate are highly competitive, and we compete with thousands of companies that range from large multinational corporations to local manufacturers."},{"id":"e6","sourceId":"filing-4","location":"Business / Former Communications Solutions segment / Named competitors","excerpt":"The Communications Solutions segment’s major competitors include Amphenol, Molex, JST, and Korea Electric Terminal (KET)."},{"id":"e7","sourceId":"filing-2","location":"MD&A / Transportation Solutions / Third-quarter automotive organic growth","excerpt":"Overall, our organic net sales growth resulted primarily from increased content per vehicle, partially offset by declines in global vehicle production."},{"id":"e8","sourceId":"filing-1","location":"Risk Factors / Historical price erosion and pricing actions","excerpt":"Although pricing actions initiated in recent years have positively impacted our net sales, we have historically experienced price erosion averaging from 1% to 2% each year."},{"id":"e9","sourceId":"filing-1","location":"Business / Backlog cancellation terms","excerpt":"Backlog is not necessarily indicative of future net sales as unfilled orders may be cancelled prior to shipment of goods."},{"id":"e10","sourceId":"filing-2","location":"MD&A / Transportation Solutions / Nine-month net price erosion","excerpt":"currency translation of 3.4%. Net price erosion negatively affected organic net sales by $46 million in the first nine months of fiscal 2026."},{"id":"e11","sourceId":"filing-6","location":"MD&A / Transportation Solutions / Second-quarter automotive organic decline","excerpt":"Automotive—Our organic net sales decreased 3.8% in the second quarter of fiscal 2026 as a result of declines of 7.9% in the Americas region and 6.1% in the Asia–Pacific region, partially offset by growth of 1.5% in the EMEA region."},{"id":"e12","sourceId":"filing-6","location":"MD&A / Consolidated net sales / First-half realized pricing","excerpt":"Net pricing actions positively affected organic net sales by $51 million in the first six months of fiscal 2026."},{"id":"e13","sourceId":"filing-2","location":"MD&A / Geographic organic growth and consolidated gross margin","excerpt":"The following table provides an analysis of the change in our net sales by geographic region: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Change in Net Sales for the Quarter Ended June 26, 2026 ​ Change in Net Sales for the Nine Months Ended June 26, 2026 ​ ​ ​ versus Net Sales for the Quarter Ended June 27, 2025 ​ versus Net Sales for the Nine Months Ended June 27, 2025 ​ ​ ​ Net Sales ​ Organic Net Sales ​ ​ ​ ​ Net Sales ​ Organic Net Sales ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Growth ​ ​ ​ Growth ​ ​ ​ Translation ​ ​ ​ Growth ​ ​ ​ Growth ​ Translation ​ Acquisitions ​ ​ ​ ​ ​ ($ in millions) Asia–Pacific ​ $ 291 17.5 % $ 254 15.3 % $ 37 ​ $ 903 18.8 % $ 813 ​ 16.9 % $ 90 ​ $ — ​ EMEA ​ ​ 106 ​ 6.9 ​ ​ 79 ​ 5.2 ​ ​ 27 ​ ​ 515 12.3 ​ ​ 269 6.4 ​ ​ 246 ​ ​ — ​ Americas ​ 229 17.2 ​ 221 16.5 ​ 8 ​ 642 18.2 ​ 346 9.8 ​ 24 ​ 272 ​ Total ​ $ 626 13.8 % $ 554 12.2 % $ 72 ​ $ 2,060 16.5 % $ 1,428 ​ 11.4 % $ 360 ​ $ 272 ​ Cost of Sales and Gross Margin The following table presents cost of sales and gross margin information: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ ​ ​ ​ ​ For the ​ ​ ​ ​ ​ ​ ​ Quarters Ended ​ ​ ​ ​ ​ Nine Months Ended ​ ​ ​ ​ ​ ​ ​ June 26, ​ ​ June 27, ​ ​ ​ ​ June 26, ​ ​ June 27, ​ ​ ​ ​ ​ ​ ​ ​ 2026 ​ ​ ​ ​ ​ ​ 2025 ​ ​ ​ ​ ​ ​ Change ​ ​ ​ ​ 2026 ​ ​ ​ ​ ​ ​ 2025 ​ ​ ​ ​ ​ ​ Change ​ ​ ​ ​ ​ ($ in millions) ​ Cost of sales ​ $ 3,325 ​ ​ $ 2,934 ​ ​ $ 391 ​ $ 9,254 ​ ​ $ 8,094 ​ ​ $ 1,160 ​ As a percentage of net sales ​ 64.4 % ​ 64.7 % ​ ​ ​ 63.5 % ​ 64.7 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Gross margin ​ $ 1,835 ​ ​ $ 1,600 ​ ​ $ 235 ​ $ 5,319 ​ ​ $ 4,419 ​ ​ $ 900 ​ As a percentage of net sales ​ 35.6 % ​ 35.3 % ​ ​ ​ 36.5 % ​ 35.3 % ​ ​ ​ 24 Table of Contents Gross margin increased $235 million and $900 million in the third quarter and first nine months of fiscal 2026, respectively, as compared to the same periods of fiscal 2025 due primarily to higher volume and improved manufacturing productivity."},{"id":"e14","sourceId":"filing-2","location":"MD&A / Transportation Solutions / Productivity and price erosion","excerpt":"Excluding the items below, operating income increased in the first nine months of fiscal 2026 primarily as a result of improved manufacturing productivity, partially offset by price erosion."},{"id":"e15","sourceId":"filing-1","location":"MD&A / Transportation Solutions / Fiscal 2025 operating-income decline drivers","excerpt":"Excluding the items below, operating income decreased in fiscal 2025 primarily as a result of net price erosion."},{"id":"e16","sourceId":"filing-1","location":"Revenue recognition / Fixed prices and customer incentives","excerpt":"Although products are generally sold at fixed prices, certain distributors and customers receive incentives or awards, such as sales rebates, return allowances, scrap allowances, and other rights, which are accounted for as variable consideration."},{"id":"e17","sourceId":"filing-1","location":"MD&A / Cash Flows from Operating Activities","excerpt":"Net cash provided by operating activities increased $662 million to $4,139 million in fiscal 2025 as compared to $3,477 million in fiscal 2024."},{"id":"e18","sourceId":"filing-1","location":"MD&A / Drivers of operating cash-flow improvement","excerpt":"The increase resulted primarily from higher pre-tax income and a reduction in income tax payments."},{"id":"e19","sourceId":"filing-1","location":"MD&A / Capital expenditures","excerpt":"Capital expenditures were $936 million and $680 million in fiscal 2025 and 2024, respectively."},{"id":"e20","sourceId":"filing-3","location":"Compensation Discussion and Analysis / Fiscal 2025 capital deployment","excerpt":"● Returned $2.2 billion to shareholders and deployed $2.6 billion for bolt-on acquisitions to support strategic growth."},{"id":"e21","sourceId":"filing-2","location":"Notes / Debt / Fiscal 2026 senior-note issuance","excerpt":"(“TEGSA”), our wholly-owned subsidiary, issued $200 million aggregate principal amount of 4.50% senior notes due in February 2031 and $550 million aggregate principal amount of 4.875% senior notes due in February 2036."},{"id":"e22","sourceId":"filing-2","location":"Notes / Earnings Per Share / Basic and diluted share counts","excerpt":"Earnings Per Share The weighted-average number of shares outstanding used in the computations of basic and diluted earnings per share were as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 26, ​ June 27, ​ June 26, ​ June 27, ​ ​ ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ ​ ​ (in millions) ​ Basic ​ 291 ​ 296 ​ 293 ​ 298 ​ Dilutive impact of share-based compensation arrangements ​ 2 ​ 2 ​ 2 ​ 2 ​ Diluted ​ 293 ​ 298 ​ 295 ​ 300 ​ ​ 16 Table of Contents TE CONNECTIVITY PLC NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Continued) The following share options were not included in the computation of diluted earnings per share because the instruments’ underlying exercise prices were greater than the average market prices of our ordinary shares and inclusion would be antidilutive: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the ​ For the ​ ​ ​ Quarters Ended ​ Nine Months Ended ​ ​ ​ June 26, ​ June 27, ​ June 26, ​ June 27, ​ ​ ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ 2026 ​ ​ ​ 2025 ​ ​ ​ ​ ​ (in millions) ​ Antidilutive share options — ​ 1 ​ — ​ 1 ​ ​ ​ ​ 14."},{"id":"e23","sourceId":"filing-2","location":"MD&A / Acquisition agreement dated July 22, 2026","excerpt":"Acquisitions On July 22, 2026, we entered into a definitive agreement to acquire Astrodyne TDI, a leading manufacturer of power and filter solutions, for approximately $1.4 billion in cash."},{"id":"e24","sourceId":"filing-3","location":"Compensation Discussion and Analysis / Executive ownership requirements","excerpt":"Additional market samples are also referenced to meet unique circumstances where appropriate Focus on executive stock ownership – Designed to ensure that our leaders own stock and directly align their long-term financial interests with all other shareholders – The TE Connectivity Stock Ownership and Retention Requirement Plan, together with long-term equity awards, drives executive stock ownership – The CEO is required to hold shares equal to six times his base salary, and the other named executive officers are required to hold shares equal to three times their respective base salaries Simple and transparent – Designed to ensure both our leaders and external stakeholders understand our priorities and expectations – Our executive compensation programs are designed to be readily understood by our executives, and transparent to our investors Fair and Equitable – Designed to deliver fair and equitable pay based on roles and responsibilities and on company and individual performance, regardless of gender, race/ethnicity or any other individual demographics ​ ​ Industry Peer Group As part of its oversight of executive compensation, the MDCC periodically reviews market data to ensure that pay levels, mix, and practices for senior executives remain competitive and aligned with shareholder interests."},{"id":"e25","sourceId":"filing-3","location":"Compensation Discussion and Analysis / Granted fiscal 2025 long-term award terms","excerpt":"The following table describes the general terms and conditions of the fiscal 2025 grants: Description Performance Stock Units (PSU) Stock Options (SO) Definition Promise to deliver a share of TE stock at a specified point in the future as long as certain performance metrics are achieved Right to purchase an ordinary share of TE at a future date for a predetermined, fixed price Performance Period 3 Years 4 Years Performance Measure Three-year average Relative Earnings Per Share (EPS) Growth against S&P 500 Non-Financial Index – Award Vesting (% of Target) Threshold (25th) – 50% Target (50th) – 100% Maximum (75th) – 200% – Vesting Cliff Vesting upon the MDCC certification following the third anniversary of the grant date 25% Ratable beginning on or after the first anniversary of the grant date Expiration – 10 years Dividends Dividend Equivalent Units (DEU) vesting on the third anniversary proportional to the PSUs earned Not applicable ​ ​ ​ 2026 Annual General Meeting Proxy Statement 59 ​ Table of Contents ​ Grant of Fiscal 2025 Long-Term Incentive Awards The MDCC granted long-term equity incentive awards for fiscal year 2025 in November 2024."},{"id":"e26","sourceId":"filing-3","location":"Compensation Discussion and Analysis / Fiscal 2023 PSU grant payout","excerpt":"Kroeger ​ $ 2,300,000 Mr. Jenkins ​ $ 2,100,000 ​ Payout for Fiscal 2023 PSU Grant Fiscal year 2025 was the third year of our fiscal year 2023 PSU grant and recipients earned shares for the period calculated at 136% of target which reflected the Company’s performance relative to the index over the three-year period."},{"id":"e27","sourceId":"filing-3","location":"Corporate Governance / Independent standing committees","excerpt":"​ To conduct its business the Board maintains three standing committees: Audit, Management Development and Compensation, and Nominating, Governance and Compliance Committee, each of which are comprised entirely of independent directors."},{"id":"e28","sourceId":"filing-3","location":"Compensation Discussion and Analysis / Adopted compensation recovery policy","excerpt":"Clawbacks and Other Remedies for Potential Misconduct In accordance with the TE Connectivity plc Incentive-Based Compensation Recovery Policy, the Board will seek reimbursement from covered executive officers (which includes our NEOs) for the amount of erroneously awarded compensation (i.e., the amount of incentive-based compensation received that exceeds the amount of incentive-based compensation that otherwise would have been received had it been determined based on restated amounts) resulting from an accounting restatement due to the material noncompliance of the Company with any financial reporting requirement under the securities laws, including any required accounting restatement (i) to correct an error in previously issued financial statements that is material to the previously issued financial statements or (ii) that would result in a material misstatement if the error were corrected in the current period or left uncorrected in the current period."},{"id":"e29","sourceId":"filing-3","location":"Audit Committee / Auditor service pre-approval policy","excerpt":"The independent auditor may not begin any work without confirmation of Audit Committee approval from the Corporate Controller or his/her delegate."},{"id":"e30","sourceId":"filing-1","location":"MD&A / Transportation Solutions / Fiscal 2024 productivity improvement","excerpt":"Excluding the items below, operating income increased in fiscal 2024 due primarily to improved manufacturing productivity."},{"id":"e31","sourceId":"filing-3","location":"Compensation Discussion and Analysis / Discretionary incentive reserve pool","excerpt":"In addition, there is a reserve pool of 10% of the total target annual incentive award pool amount that, with the MDCC’s approval, can be used by the CEO to reward exceptional performance at either the business unit or individual level, regardless of performance results against the established financial measures."}],"changes":["Retain the previous uncertain verdict: additional customer collaboration and content-growth evidence supports capabilities and continuing demand, but does not establish durable switching barriers or relative superiority.","Add named competitors from the fiscal 2024 disclosure, limited to the former Communications Solutions segment.","Balance Transportation price erosion with the disclosed $51 million consolidated first-half fiscal 2026 pricing benefit.","Add assessments of actual compensation arrangements, governance practices, capital deployment and operating execution from the supplied disclosures."],"limitations":["All evidence is issuer-supplied. Reported operating results support numerical assessments, while competitive-position assertions do not establish exceptional durability.","Named competitor coverage concerns the former Communications Solutions segment in fiscal 2024; it does not establish comprehensive coverage of the reorganized company or current relative performance.","No customer-level repeat-purchase history, supplier replacement costs, qualification requirements, market-share trend or relative manufacturing-cost comparison is supplied.","Executive ownership requirements are disclosed, but actual executive holdings and compliance with those requirements are not established by the supplied passages.","Pricing evidence covers different segments and periods. Fixed-price sales and incentives do not establish contract duration, repricing clauses or unrestricted price-setting authority.","Source dates are filing dates. The January 2026 proxy describes historical awards and existing policies; meeting proposals are not treated as approved. The July 2026 Astrodyne TDI agreement is a commitment, not evidence of completion or realized returns."],"qualityAssessments":[{"category":"moat","checks":[{"criterion":"structural_advantage","grade":null,"rationale":"Know-how and customer collaboration support differentiation, but relative superiority and barriers to replication remain unestablished. The uncertain verdict reflects insufficient structural evidence rather than demonstrated interchangeability.","evidenceIds":["e1","e2","e3","e4","e5"]},{"criterion":"durability","grade":null,"rationale":"Capabilities appear across successive disclosures, but no protected economic duration or sustained advantage over named competitors is demonstrated.","evidenceIds":["e1","e3","e4","e6"]},{"criterion":"customer_dependency","grade":null,"rationale":"Customer collaboration and increased automotive content suggest relevance, but do not establish dependency or material switching costs; backlog is cancellable.","evidenceIds":["e2","e3","e7","e9"]},{"criterion":"erosion_resilience","grade":null,"rationale":"Productivity offsets some pricing pressure, but historical and current erosion prevent establishing resilience of a structural advantage whose existence remains uncertain.","evidenceIds":["e8","e10","e13","e14","e15"]}]},{"category":"pricing_power","checks":[{"criterion":"realized_pricing","grade":1,"rationale":"Pricing is fragile: historical annual erosion of 1%–2% and $46 million of Transportation erosion over nine months outweigh evidence of broad pricing control. The $51 million consolidated first-half benefit demonstrates some successful pricing actions, so outcomes are not uniformly adverse.","evidenceIds":["e8","e10","e12"]},{"criterion":"retention","grade":2,"rationale":"Assessed indirectly from customer collaboration, increased content per vehicle despite declining production, and 11.4% consolidated nine-month organic growth. These indicate continuing demand, but do not identify repeat customers or establish retention rates; cancellable orders and quarterly automotive weakness temper the assessment.","evidenceIds":["e2","e3","e7","e9","e11","e13"]},{"criterion":"margin_resilience","grade":3,"rationale":"Nine-month gross margin improved to 36.5% from 35.3%, and Transportation productivity supported operating-income improvement despite price erosion. Repeated productivity gains demonstrate operating resilience, although fiscal 2025 Transportation weakness shows its limits. This supports resilience rather than proving price-setting power.","evidenceIds":["e13","e14","e15","e30"]},{"criterion":"contractual_freedom","grade":2,"rationale":"Implemented pricing actions demonstrate some ability to change commercial prices. Generally fixed-price sales, customer rebates and persistent erosion indicate negotiated constraints. The passages do not establish repricing rights or contract duration, supporting only a mixed assessment.","evidenceIds":["e8","e12","e16"]}]},{"category":"strong_management","checks":[{"criterion":"capital_discipline","grade":2,"rationale":"Actual cash generation, $936 million of fiscal 2025 capital expenditures and lower diluted share counts support financial discipline. However, substantial acquisition spending, new debt issuance and the $1.4 billion acquisition commitment require balancing against incomplete evidence of acquisition returns and repurchase value. Part of cash-flow improvement came from lower tax payments.","evidenceIds":["e17","e18","e19","e20","e21","e22","e23"]},{"criterion":"incentive_alignment","grade":3,"rationale":"Existing ownership requirements, granted multi-year options and relative-EPS PSUs, and an actual completed PSU performance period demonstrate substantive alignment mechanisms. Actual ownership compliance is unverified, and a discretionary incentive reserve weakens purely formulaic alignment.","evidenceIds":["e24","e25","e26","e31"]},{"criterion":"execution","grade":3,"rationale":"Reported organic growth, cash generation and repeated manufacturing productivity improvements demonstrate strong operating execution. Attribution to management is indirect; favorable demand and tax-payment changes contributed, while Transportation price erosion remains an execution challenge.","evidenceIds":["e13","e14","e15","e17","e18","e30"]},{"criterion":"governance","grade":3,"rationale":"Entirely independent standing committees, an adopted compensation recovery policy and required auditor-service pre-approval establish substantive governance safeguards. These are disclosed arrangements rather than evidence of exceptional effectiveness or successful enforcement through a crisis.","evidenceIds":["e27","e28","e29"]}]}],"financialAssessments":[],"qualityPolicy":"quality-scores-2","sourcePolicy":"issuer-evidence-4","basisHash":"31770ad8bf0634ee64511882f66ef85aff95f421017b4fe505d8e067ec245827","updatedAt":"2026-10-18T13:14:01.389Z","sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1385157/000110465925109150/tel-20250926x10k.htm","publishedAt":"2025-11-10","sha256":"a3fc7e78d33062aaf37c53cf9d70c119498beba0e094fffa4b8c8b36488b235b","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1385157/000110465926086509/tel-20260626x10q.htm","publishedAt":"2026-07-24","sha256":"a53d7ea73a88c4934599a00fe95035cb5f5e6dea4c27bf3547401cc5761ddb8e","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1385157/000110465926003934/tel-20260311xdef14a.htm","publishedAt":"2026-01-15","sha256":"b9d18e66eb883e7aacf6968a7a82d7041fcb5c5a75dc7247584d3a8f8f2ba915","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/1385157/000155837024015227/tel-20240927x10k.htm","publishedAt":"2024-11-12","sha256":"c04479baead3f3089799154cf3309cfbf9a9a9fcba718706c3412f1e60fe63f4","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/1385157/000155837023018833/tel-20230929x10k.htm","publishedAt":"2023-11-13","sha256":"f3857f6f0a7e4f93ef559d88000fa4ba0f5c7ca2879249b41fcedc0b8567d3af","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/1385157/000110465926048160/tel-20260327x10q.htm","publishedAt":"2026-04-24","sha256":"1e30f54f9ba8febdba9f1b9c2cb969e41d1f99e6b708f984c57bbb50aee1ee7f","dateKind":"filed"}],"model":"gpt-6.1-sol","providerId":"codex:30d684bc4d577815373344c16b2cb855b5cd93ee39d3149500ba113bc6db76c7","usage":{"input_tokens":81500,"cached_input_tokens":21120,"cache_write_input_tokens":0,"output_tokens":3805,"reasoning_output_tokens":150}},"signals":[{"period":"2021","end":"2021-09-24","values":{"gross_margin":32.74810694900489,"operating_margin":16.310393352543056,"roic":17.68187419677375,"fcf_margin":13.308316022247539,"sbc_revenue":0.6299001541245057},"issues":{"peg":"Prior-year TTM earnings per diluted share is zero or negative; a growth-adjusted multiple is undefined.","pb":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roe":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2022","end":"2022-09-30","values":{"gross_margin":32.20932375161231,"operating_margin":16.927707143295866,"roic":17.836423189180504,"fcf_margin":10.441619065167988,"sbc_revenue":0.7309133345617591},"issues":{"pfcf_growth":"TTM FCF per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pb":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roe":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2023","end":"2023-09-29","values":{"gross_margin":31.526755644255957,"operating_margin":14.36946488711488,"roic":13.805518876715478,"fcf_margin":14.968192590744668,"sbc_revenue":0.7671198702756643},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roe":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2024","end":"2024-09-27","values":{"gross_margin":34.43357526033449,"operating_margin":17.645945093089303,"roic":null,"fcf_margin":17.652256232249922,"sbc_revenue":0.8015146733985484},"issues":{"pb":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roe":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}},{"period":"2025","end":"2025-09-26","values":{"gross_margin":35.216081566446526,"operating_margin":18.601552543158384,"roic":11.449812660560562,"fcf_margin":18.555207971266366,"sbc_revenue":0.8631676514888195},"issues":{"peg":"TTM earnings per diluted share growth is zero or negative; a growth-adjusted multiple requires positive growth.","pb":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","software_capex":"Separately disclosed software and intangible investment is unavailable in the extracted statements for this period.","roiic":"NOPAT is undefined under this method: pretax profit must be positive and the effective tax rate must be between 0 and 100%.","roe":"The reported inputs required for this metric are unavailable in the extracted statements for this period.","roic_wacc":"Enter a WACC assumption from 0 to 100%."}}],"sources":[{"id":"filing-1","url":"https://www.sec.gov/Archives/edgar/data/1385157/000110465925109150/tel-20250926x10k.htm","publishedAt":"2025-11-10","sha256":"a3fc7e78d33062aaf37c53cf9d70c119498beba0e094fffa4b8c8b36488b235b","dateKind":"filed"},{"id":"filing-2","url":"https://www.sec.gov/Archives/edgar/data/1385157/000110465926086509/tel-20260626x10q.htm","publishedAt":"2026-07-24","sha256":"a53d7ea73a88c4934599a00fe95035cb5f5e6dea4c27bf3547401cc5761ddb8e","dateKind":"filed"},{"id":"filing-3","url":"https://www.sec.gov/Archives/edgar/data/1385157/000110465926003934/tel-20260311xdef14a.htm","publishedAt":"2026-01-15","sha256":"b9d18e66eb883e7aacf6968a7a82d7041fcb5c5a75dc7247584d3a8f8f2ba915","dateKind":"filed"},{"id":"filing-4","url":"https://www.sec.gov/Archives/edgar/data/1385157/000155837024015227/tel-20240927x10k.htm","publishedAt":"2024-11-12","sha256":"c04479baead3f3089799154cf3309cfbf9a9a9fcba718706c3412f1e60fe63f4","dateKind":"filed"},{"id":"filing-5","url":"https://www.sec.gov/Archives/edgar/data/1385157/000155837023018833/tel-20230929x10k.htm","publishedAt":"2023-11-13","sha256":"f3857f6f0a7e4f93ef559d88000fa4ba0f5c7ca2879249b41fcedc0b8567d3af","dateKind":"filed"},{"id":"filing-6","url":"https://www.sec.gov/Archives/edgar/data/1385157/000110465926048160/tel-20260327x10q.htm","publishedAt":"2026-04-24","sha256":"1e30f54f9ba8febdba9f1b9c2cb969e41d1f99e6b708f984c57bbb50aee1ee7f","dateKind":"filed"}],"history":[{"version":3,"updatedAt":"2026-10-18T16:35:43.872Z","verdict":"uncertain","value":null},{"version":2,"updatedAt":"2026-10-18T02:27:49.793Z","verdict":"uncertain","value":null},{"version":1,"updatedAt":"2026-10-18T02:18:02.026Z","verdict":null,"value":null}],"hasRequested":false,"requestStatus":"completed","researchIssue":null,"archivedMoat":null,"scope":"supported_catalog"}