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Sensata Technologies (NYSE: ST) lifts Q2 earnings and cuts debt

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Sensata Technologies reported stronger results for the second quarter ended June 30, 2026. Net revenue was $990.6 million, up 5.0% year over year, with organic revenue up 4.4%. GAAP operating income rose to $165.4 million, a 16.7% margin, while adjusted operating income reached $193.3 million, or 19.5% of revenue. GAAP diluted EPS increased to $0.70 from $0.41, and adjusted EPS rose to $0.98 from $0.87.

Cash generation improved significantly: Q2 net cash from operating activities was $210.0 million, and free cash flow was $186.4 million, a 130% free cash flow conversion. For the first six months of 2026, revenue was $1,925.4 million and GAAP diluted EPS was $1.29, with adjusted EPS of $1.84. Sensata completed a $400 million cash tender offer, retiring approximately $406 million of long-term debt, contributing to a lower gross leverage ratio of 2.9 and net leverage of 2.4 as of June 30, 2026. For the third quarter of 2026, the company guides to revenue of $957–$987 million and adjusted EPS of $0.93–$0.97, including about $10 million of tariff recovery that is expected to be offset in adjusted measures.

Positive

  • GAAP EPS up 70.7% to $0.70 in Q2 2026, with adjusted EPS up 12.6% to $0.98 and operating margin expanding to 16.7% GAAP and 19.5% adjusted.
  • Stronger cash generation and lower leverage with Q2 free cash flow of $186.4 million (130% conversion) and a $400 million tender retiring about $406 million of long-term debt, reducing gross leverage to 2.9x and net leverage to 2.4x.

Negative

  • None.

Insights

Analyzing...

Item 2.02 Results of Operations and Financial Condition Financial
Disclosure of earnings results, typically an earnings press release or preliminary financials.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Q2 2026 Revenue $990.6 million Net revenue for the three months ended June 30, 2026, up 5.0% year over year
Q2 2026 GAAP diluted EPS $0.70 Diluted EPS for Q2 2026, up 70.7% from $0.41 in Q2 2025
Q2 2026 Adjusted EPS $0.98 Adjusted diluted EPS for Q2 2026, up 12.6% from $0.87 in Q2 2025
Q2 2026 Free Cash Flow $186.4 million Free cash flow in Q2 2026, representing 130% free cash flow conversion
Debt Tender Completed $400 million Cash tender offer in 2026 to retire approximately $406 million of long-term debt
Gross Leverage Ratio 2.9 Gross leverage ratio as of June 30, 2026, down from 3.4 at December 31, 2025
Net Cash from Operating Activities (Six Months) $332.5 million Net cash provided by operating activities for the six months ended June 30, 2026
organic revenue growth financial
"On an organic basis, revenue increased 4.4% compared to the second quarter of 2025."
Organic revenue growth is the increase in a company's sales that comes from its existing products and services, without including any gains from acquisitions or selling off parts of the business. It reflects the company’s ability to attract more customers or encourage existing customers to buy more over time. For investors, it indicates the company's underlying strength and efficiency in expanding its core operations.
free cash flow conversion financial
"Free cash flow was $186.4 million in the second quarter of 2026, representing free cash flow conversion of 130%."
Free cash flow conversion measures how effectively a company turns its reported profits into actual cash that can be used for growth, debt repayment, or dividends. It compares the cash generated after expenses to the company's net income, similar to how a person might compare their savings to their paycheck. High conversion indicates the company is efficient at translating profits into cash, which is important for investors assessing its financial health and flexibility.
adjusted EBITDA financial
"Adjusted EBITDA is defined as net income (or loss), determined in accordance with U.S. GAAP, excluding interest expense…"
Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.
gross leverage ratio financial
"Gross leverage ratio is defined as gross debt (total debt and finance lease obligations less unamortized issue costs) divided by last twelve months ("LTM") adjusted EBITDA."
Gross leverage ratio measures how much debt a company carries compared with its size, using total debt before subtracting cash or other offsets; it is reported against a size metric such as assets, equity or earnings depending on context. Investors use it to gauge how heavily leveraged a business is and how vulnerable it might be to shocks—like comparing a household’s total mortgage and loans to its income or house value to see how comfortably it could pay bills or withstand a lost paycheck.
net leverage ratio financial
"Net leverage ratio is defined as net debt divided by LTM adjusted EBITDA."
The net leverage ratio measures how much debt a company has compared to its available assets or earnings, after accounting for its cash and liquid assets. It helps investors understand how heavily a company relies on borrowed money to finance its operations and growth. A higher ratio indicates greater financial risk, while a lower ratio suggests a more cautious approach to borrowing.
tariff recovery financial
"Revenue includes approximately $10 million related to expected tariff recovery from customers."
Q2 2026 revenue $990.6 million up 5.0% vs Q2 2025
Q2 2026 GAAP diluted EPS $0.70 up 70.7% vs $0.41 in Q2 2025
Q2 2026 adjusted EPS $0.98 up 12.6% vs $0.87 in Q2 2025
Six-month 2026 revenue $1,925.4 million up 3.8% vs six months ended June 30, 2025
Six-month 2026 adjusted EPS $1.84 up 11.5% vs $1.65 a year earlier
Guidance

For Q3 2026, Sensata expects revenue of $957–$987 million and adjusted EPS of $0.93–$0.97, including about $10 million of tariff recovery offset in adjusted measures and excluding expected payments from a customer related to a program termination.

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FAQ

What were Sensata Technologies (ST) Q2 2026 revenues and year-over-year growth?
Sensata Technologies reported Q2 2026 revenue of $990.6 million, an increase of 5.0% from $943.4 million in Q2 2025. On an organic basis, which excludes FX and portfolio changes, revenue grew 4.4% year over year.

How did Sensata Technologies (ST) earnings per share change in Q2 2026?
GAAP diluted EPS for Q2 2026 was $0.70, up from $0.41, a 70.7% increase. Adjusted EPS rose to $0.98 from $0.87, a 12.6% year-over-year improvement, reflecting higher margins and lower non-GAAP adjustments.

What cash flow and free cash flow did Sensata Technologies (ST) generate in Q2 2026?
In Q2 2026, Sensata generated $210.0 million of net cash from operating activities and $186.4 million of free cash flow. This represented 130% free cash flow conversion, indicating cash generation exceeded adjusted net income during the quarter.

How did Sensata Technologies (ST) manage its debt and leverage in 2026?
During the first half of 2026, Sensata completed a $400 million cash tender offer, retiring about $406 million of long-term debt. As of June 30, 2026, its gross leverage ratio was 2.9x and net leverage was 2.4x, both improved from year-end 2025.

What guidance did Sensata Technologies (ST) provide for Q3 2026?
For Q3 2026, Sensata expects revenue of $957–$987 million and adjusted EPS of $0.93–$0.97. Guidance includes about $10 million of tariff recovery from customers, with adjusted operating income and adjusted EPS expected to be unaffected by tariffs.

How did Sensata Technologies (ST) perform over the first six months of 2026?
For the six months ended June 30, 2026, Sensata posted revenue of $1,925.4 million, up 3.8% year over year. GAAP diluted EPS was $1.29 versus $0.88, while adjusted EPS increased to $1.84 from $1.65, supported by higher operating margins.

Which segments drove Sensata Technologies (ST) Q2 2026 results?
In Q2 2026, Automotive revenue was $544.8 million, Industrials $212.1 million, and Aerospace, Defense, and Commercial Equipment $233.7 million. Segment operating margins were 24.2%, 27.1%, and 27.8%, respectively, with all segments profitable.
0001477294false00014772942026-07-292026-07-29

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
 
 __________________________________________
FORM 8-K
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 29, 2026
 
__________________________________________ 
SENSATA TECHNOLOGIES HOLDING PLC
(Exact name of Registrant as specified in its charter)
 
 __________________________________________
England and Wales  001-34652 98-1386780
(State or other jurisdiction
of incorporation)		 (Commission
File Number)		 (IRS Employer
Identification No.)

529 Pleasant Street
Attleboro, Massachusetts 02703, United States
(Address of Principal executive offices, including Zip Code)
+1(508) 236 3800
(Registrant's telephone number, including area code) 
Not Applicable
(Former name or former address, if changed since last report)
 
 __________________________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of exchange on which registered
Ordinary Shares - nominal value €0.01 per shareSTNew York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐ 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o


Item 2.02Results of Operations and Financial Condition.
On July 29, 2026, Sensata Technologies Holding plc (the "Company") issued a press release announcing its financial results for the second quarter ended June 30, 2026. The press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.
The Company will conduct a conference call on July 29, 2026 at 5:00 PM eastern time to discuss its second quarter 2026 financial results and its outlook for the third quarter of 2026. The dial in numbers for the call are 1-844-784-1726 or 1-412-380-7411. Callers should reference the "Sensata Technologies Q2 2026 Financial Results Conference Call." A live webcast of the conference call will also be available on the investor relations page of the Company’s website at http://investors.sensata.com. Additional information relating to the Company's financial results will be contained in a presentation that will be referenced during the webcast, and that is being made available on the investor relations page of the Company’s website. Additionally, a replay of the call will be available until August 5, 2026. To access the replay, dial 1-855-669-9658 or 1-412-317-0088 and enter confirmation code: 2707202.
The information contained in, or incorporated into, this Current Report on Form 8-K is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall it be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in any such filing.
Item 9.01Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.Description
99.1
July 29, 2026 press release entitled "Sensata Technologies Reports Second Quarter 2026 Financial Results" (furnished pursuant to Item 2.02)
104Cover Page Interactive Data File (embedded within inline XBRL document)
2


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SENSATA TECHNOLOGIES HOLDING PLC
/s/ Richard Siedel
Date:July 29, 2026Name: Richard Siedel
Title: Senior Vice President and Chief Accounting Officer


3

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SENSATA TECHNOLOGIES REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS

Swindon, United Kingdom – July 29, 2026 - Sensata Technologies (NYSE: ST) today announced financial results for its second quarter ended June 30, 2026.

“Our second quarter results demonstrate that the successful execution of our strategy is creating clear momentum across the business,” said Stephan von Schuckmann, Sensata's Chief Executive Officer. 

Operating Results - Second Quarter
Operating results for the second quarter of 2026 compared to the second quarter of 2025 are summarized below. These results include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release.
As previously disclosed, the Company reorganized into three operating segments effective in the fourth quarter of 2025. Prior period results have been recast to be comparative to the current period.
Revenue:
•Revenue was $990.6 million, an increase of $47.2 million, or 5.0%, compared to $943.4 million in the second quarter of 2025.
•On an organic basis, revenue increased $41.1 million, or 4.4%, compared to the second quarter of 2025.
Operating income:
•Operating income was $165.4 million, or 16.7% of revenue, an increase of $27.3 million, or 19.8%, compared to operating income of $138.1 million, or 14.6% of revenue, in the second quarter of 2025.
•Adjusted operating income was $193.3 million, or 19.5% of revenue, an increase of $14.3 million, or 8.0%, compared to adjusted operating income of $179.1 million, or 19.0% of revenue, in the second quarter of 2025.
Earnings per share:
•Earnings per share was $0.70, an increase of $0.29, or 70.7%, compared to earnings per share of $0.41 in the second quarter of 2025.
•Adjusted earnings per share was $0.98, an increase of $0.11, or 12.6%, compared to adjusted earnings per share of $0.87 in the second quarter of 2025.

1

Cash Flow and Shareholder Returns:
•Net cash provided by operating activities was $210.0 million in the second quarter of 2026, and cash on hand was $403.3 million at June 30, 2026.
•Free cash flow was $186.4 million in the second quarter of 2026, representing free cash flow conversion of 130%.
•During the second quarter of 2026, Sensata returned approximately $17.5 million to shareholders through its quarterly dividend.
•During the second quarter of 2026, Sensata completed a $400 million cash tender offer to retire approximately $406 million of long-term debt.
Operating Results - Six Months
Operating results for the six months ended June 30, 2026 compared to the six months ended June 30, 2025 are summarized below. These results include non-GAAP financial measures, each of which is defined and reconciled to the most directly comparable GAAP measure later in this press release.
Revenue:
•Revenue was $1,925.4 million, an increase of $70.8 million, or 3.8%, compared to $1,854.6 million in the six months ended June 30, 2025.
•On an organic basis, revenue increased $79.1 million, or 4.3%, compared to the six months ended June 30, 2025.
Operating income:
•Operating income was $307.0 million, or 15.9% of revenue, an increase of $46.7 million, or 18.0%, compared to operating income of $260.3 million, or 14.0% of revenue, in the six months ended June 30, 2025.
•Adjusted operating income was $367.4 million, or 19.1% of revenue, an increase of $21.8 million, or 6.3%, compared to adjusted operating income of $345.6 million, or 18.6% of revenue, in the six months ended June 30, 2025.
Earnings per share:
•Earnings per share was $1.29, an increase of $0.41, or 46.6%, compared to earnings per share of $0.88 in the six months ended June 30, 2025.
•Adjusted earnings per share was $1.84, an increase of $0.19, or 11.5%, compared to adjusted earnings per share of $1.65 in the six months ended June 30, 2025.
Cash Flow and Shareholder Returns:
•Net cash provided by operating activities was $332.5 million in the six months ended June 30, 2026.
•Free cash flow was $291.0 million in the six months ended June 30, 2026, representing free cash flow conversion of 108%.
•During the first six months of 2026, Sensata returned approximately $60.1 million to shareholders including $34.9 million through its quarterly dividends, and $25.1 million through share repurchases.
2

•During the first six months of 2026, Sensata completed a $400 million cash tender offer to retire approximately $406 million of long-term debt.
Guidance

For the third quarter of 2026, Sensata expects revenue of $957 to $987 million, inclusive of recovery of tariff costs, and adjusted EPS of $0.93 to $0.97.
Q3-2026 Guidance
$ in millions, except EPS
Q3-26 Guidance3
Q3-25
Y/Y Change
Revenue1
$957 - $987
$932
3% - 6%
Adjusted Operating Income2
$186 - $193
$180
3% - 7%
Adj. Operating Margin
19.4% - 19.6%
19.3%
10 bps - 30 bps
Adjusted Net Income2
$137 - $142
$130
6% - 10%
Adjusted EPS2
$0.93 - $0.97
$0.89
4% - 9%
1 – At the midpoint of our guide, Revenue includes approximately $10 million related to expected tariff recovery from customers.

2 – Adjusted Operating Income, Adjusted Net Income, and Adjusted EPS are not expected to be impacted by tariffs, as $10 million of expected tariff costs would be offset by $10 million in expected pass-through revenue.

3 – Tariff expectations included in guidance reflect trade policies in effect as of July 28, 2026. Third quarter guidance excludes expected payments from a customer related to a program termination.
Conference Call and Webcast
Sensata will conduct a conference call today at 5:00 p.m. Eastern Time to discuss its second quarter 2026 financial results and its outlook for the third quarter of 2026. The dial-in numbers for the call are 1-844-784-1726 or 1-412-380-7411. Callers should reference the "Sensata Technologies Q2 2026 Financial Results Conference Call." A live webcast of the conference call will also be available on the investor relations page of Sensata’s website at investors.sensata.com. Additionally, a replay of the call will be available until August 5, 2026. To access the replay, dial 1-855-669-9658 or 1-412-317-0088 and enter confirmation code: 2707202.
About Sensata Technologies

Sensata Technologies is a global industrial technology company striving to create a safer, cleaner, more efficient, and electrified world. Through its broad portfolio of mission-critical sensors, electrical protection components and sensor-rich solutions, Sensata helps its customers address increasingly complex engineering and operating performance requirements. With more than 16,000 employees and global operations in 13 countries, Sensata serves customers in the automotive, heavy vehicle & off-road, industrial, and aerospace markets. Learn more at www.sensata.com and follow Sensata on LinkedIn, Facebook, X and Instagram.
Non-GAAP Financial Measures
We supplement the reporting of our financial information determined in accordance with U.S. generally accepted accounting principles (“GAAP”) with certain non-GAAP financial measures. We use these non-GAAP financial measures internally to make operating and strategic decisions, including the preparation of our annual operating plan, evaluation of our overall business performance, and as a factor in determining compensation for certain employees. We believe presenting non-GAAP financial measures is useful for period-over-period comparisons of underlying business trends and our ongoing business performance. We also believe presenting these non-GAAP measures provides additional transparency into how management evaluates the business.
3

Non-GAAP financial measures should be considered as supplemental in nature and are not meant to be considered in isolation or as a substitute for the related financial information prepared in accordance with U.S. GAAP. In addition, our non-GAAP financial measures may not be the same as, or comparable to, similar non-GAAP measures presented by other companies.
The non-GAAP financial measures referenced by Sensata in this release include: adjusted net income, adjusted earnings per share (“EPS”), adjusted operating income, adjusted operating margin, free cash flow, organic revenue growth, market outgrowth, adjusted corporate and other expenses, adjusted earnings before interest, taxes, depreciation and amortization ("EBITDA"), net debt, and gross and net leverage ratio. We also refer to changes in certain non-GAAP measures, usually reported either as a percentage or number of basis points, between two periods. Such changes are also considered non-GAAP measures.
Adjusted net income (or loss) is defined as net income (or loss), determined in accordance with U.S. GAAP, excluding certain non-GAAP adjustments which are detailed in the accompanying reconciliation tables. Adjusted EPS is calculated by dividing adjusted net income (or loss) by the number of diluted weighted-average ordinary shares outstanding in the period. We believe that these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
Adjusted operating income (or loss) is defined as operating income (or loss), determined in accordance with U.S. GAAP, excluding certain non-GAAP adjustments which are detailed in the accompanying reconciliation tables. Adjusted operating margin is calculated by dividing adjusted operating income (or loss) by net revenue. We believe that these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
Free cash flow is defined as net cash provided by operating activities less additions to property, plant and equipment and capitalized software. Free cash flow conversion is defined as Free cash flow divided by Adjusted net income. We believe free cash flow is useful to management and investors as a measure of cash generated by business operations that will be used to repay scheduled debt maturities and can be used to, among other things, fund acquisitions, repurchase ordinary shares, or accelerate the repayment of debt obligations.
Organic revenue growth (or decline) is defined as the reported percentage change in net revenue calculated in accordance with U.S. GAAP, excluding the period-over-period impact of foreign exchange rate differences as well as the net impact of material acquisitions, divestitures, and product life-cycle management actions for the 12-month period following the respective transaction date(s). We believe that this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
Adjusted EBITDA is defined as net income (or loss), determined in accordance with U.S. GAAP, excluding interest expense, interest income, and provision for (or benefit from) income taxes, depreciation expense, amortization of intangible assets, and the following non-GAAP adjustments, if applicable: (1) restructuring related and other, (2) financing and other transaction costs, and (3) other, net. We believe that this measure is useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
Gross leverage ratio is defined as gross debt (total debt and finance lease obligations less unamortized issue costs) divided by last twelve months ("LTM") adjusted EBITDA. We believe that gross leverage ratio is a useful measure to management and investors in understanding trends in our overall financial condition.
4

Net debt is defined as total debt, finance lease, and other financing obligations less cash and cash equivalents. We believe net debt is a useful measure to management and investors in understanding trends in our overall financial condition.
Net leverage ratio is defined as net debt divided by LTM adjusted EBITDA. We believe that the net leverage ratio is a useful measure to management and investors in understanding trends in our overall financial condition.
In discussing trends in our performance, we may refer to certain non-GAAP financial measures or the percentage change of certain non-GAAP financial measures in one period versus another, calculated on a constant currency basis. Constant currency is determined by stating revenues and expenses at prior period foreign currency exchange rates and excludes the impact of foreign currency exchange rates on all hedges and, as applicable, net monetary assets. We believe these measures are useful to investors and management in understanding our ongoing operations and in analysis of ongoing operating trends.
5

Safe Harbor Statement
This earnings release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by terminology such as "may," "will," "could," "should," "expect," "anticipate," "believe," "estimate," "predict," "project," "forecast," "continue," "intend," "plan," "potential," "opportunity," "guidance," and similar terms or phrases. Forward-looking statements involve, among other things, expectations, projections, and assumptions about future financial and operating results, objectives, business and market outlook, trends, priorities, growth, shareholder value, capital expenditures, cash flows, demand for products and services, share repurchases, and Sensata’s strategic initiatives, including those relating to acquisitions and dispositions and the impact of such transactions on our strategic and operational plans and financial results. These statements are subject to risks, uncertainties, and other important factors relating to our operations and business environment, and we can give no assurances that these forward-looking statements will prove to be correct.
A wide variety of potential risks, uncertainties, and other factors could materially affect our ability to achieve the results either expressed or implied by these forward-looking statements, including, but not limited to, risks related to instability and changes in the global markets, supplier interruption or non-performance, changes in trade-related tariffs and risks with uncertain trade environments, the acquisition or disposition of businesses, variability in metals pricing, cybersecurity, adverse conditions or competition in the industries upon which we are dependent, intellectual property, product liability, warranty, and recall claims, public health crises, market acceptance of new product introductions and product innovations, labor disruptions or increased labor costs and changes in existing environmental or safety laws, regulations, and programs.
Investors and others should carefully consider the foregoing factors and other uncertainties, risks, and potential events including, but not limited to, those described in Item 1A: Risk Factors in our most recent Annual Report on Form 10-K and as may be updated from time to time in Item 1A: Risk Factors in our Quarterly Reports on Form 10-Q or other subsequent filings with the United States Securities and Exchange Commission. All such forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update these statements other than as required by law.
6

SENSATA TECHNOLOGIES HOLDING PLC
Condensed Consolidated Statements of Operations
(In millions, except per share amounts)
(Unaudited)
For the three months ended June 30, For the six months ended June 30,
2026202520262025
Net revenue$990.6 $943.4 $1,925.4 $1,854.6 
Operating costs and expenses:
Cost of revenue688.8 657.1 1,337.3 1,295.8 
Research and development31.9 32.6 63.8 69.4 
Selling, general and administrative90.5 87.8 183.9 173.9 
Amortization of intangible assets 15.7 21.2 31.5 41.8 
Restructuring and other charges, net(1.7)6.6 2.0 13.6 
Total operating costs and expenses825.3 805.3 1,618.4 1,594.4 
Operating income165.4 138.1 307.0 260.3 
Interest expense(32.8)(37.7)(66.9)(75.7)
Interest income3.6 4.5 7.5 8.8 
Other, net(3.6)0.9 0.4 3.1 
Income before taxes132.5 105.8 248.0 196.4 
Provision for income taxes30.3 45.1 58.8 65.8 
Net income$102.1 $60.7 $189.2 $130.6 
Net income per share:
Basic$0.70 $0.41 $1.30 $0.89 
Diluted$0.70 $0.41 $1.29 $0.88 
Weighted-average ordinary shares outstanding:
Basic145.5 146.2 145.5 147.4 
Diluted146.7 146.5 146.7 147.7 
7

SENSATA TECHNOLOGIES HOLDING PLC
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
June 30,
2026		December 31, 2025
Assets
Current assets:
Cash and cash equivalents$403.3 $573.0 
Accounts receivable, net of allowances737.4 657.4 
Inventories579.1 617.8 
Prepaid expenses and other current assets151.2 146.1 
Total current assets1,871.0 1,994.3 
Property, plant and equipment, net759.2 776.5 
Goodwill3,158.3 3,158.2 
Other intangible assets, net382.2 411.6 
Deferred income tax assets265.5 277.2 
Other assets149.2 133.9 
Total assets$6,585.4 $6,751.7 
Liabilities and shareholders' equity
Current liabilities:
Current portion of long-term debt and finance lease obligations$2.4 $2.3 
Accounts payable473.5 413.0 
Income taxes payable17.7 16.8 
Accrued expenses and other current liabilities323.0 343.1 
Total current liabilities816.5 775.1 
Deferred income tax liabilities243.5 226.9 
Pension and other post-retirement benefit obligations40.8 39.1 
Finance lease obligations, less current portion17.7 18.9 
Long-term debt, net2,424.8 2,828.6 
Other long-term liabilities82.0 77.8 
Total liabilities3,625.4 3,966.3 
Total shareholders' equity2,960.0 2,785.4 
Total liabilities and shareholders' equity$6,585.4 $6,751.7 
8

SENSATA TECHNOLOGIES HOLDING PLC
Condensed Consolidated Statements of Cash Flows
(In millions)
(Unaudited)
For the six months ended June 30,
20262025
Cash flows from operating activities:
Net income$189.2 $130.6 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation67.6 74.3 
Amortization of debt issuance costs2.2 2.4 
Loss on sale of business
— 3.9 
Share-based compensation14.0 11.4 
Gain on extinguishment of debt
(4.4)— 
Amortization of intangible assets31.5 41.8 
Deferred income taxes21.7 17.3 
Gain on equity investments, net(0.2)— 
Other non-cash loss, net
0.6 15.8 
Changes in operating assets and liabilities, net of effects of divestitures10.3 (37.3)
Net cash provided by operating activities332.5 260.1 
Cash flows from investing activities:
Additions to property, plant and equipment and capitalized software(41.5)(58.0)
Proceeds from the sale of business, net of cash sold1.3 25.6 
Other4.3 (1.3)
Net cash used in investing activities
(35.9)(33.6)
Cash flows from financing activities:
Payment of employee restricted stock tax withholdings(7.6)(3.5)
Payments on debt(401.1)(1.2)
Dividends paid(34.9)(35.5)
Payments to repurchase ordinary shares(25.1)(120.6)
Payments of debt financing costs(1.2)— 
Proceeds from exercise of stock options1.4 — 
Net cash used in financing activities
(468.5)(160.8)
Effect of exchange rate changes on cash and cash equivalents2.2 2.4 
Net change in cash and cash equivalents(169.7)68.1 
Cash and cash equivalents, beginning of year573.0 593.7 
Cash and cash equivalents, end of period$403.3 $661.8 
9

Segment Performance (Unaudited)
For the three months ended June 30, For the six months ended June 30,
$ in millions2026202520262025
Automotive
Revenue$544.8 $527.5 $1,074.1 $1,059.7 
Operating income$131.7 $121.1 $254.1 $239.7 
% of segment revenue24.2 %23.0 %23.7 %22.6 %
Industrials
Revenue$212.1 $206.3 $387.4 $384.6 
Operating income$57.5 $57.9 $103.9 $103.8 
% of segment revenue27.1 %28.1 %26.8 %27.0 %
Aerospace, Defense, and Commercial Equipment
Revenue$233.7 $209.7 $464.0 $410.3 
Operating income$65.1 $51.2 $130.1 $101.7 
% of segment revenue27.8 %24.4 %28.0 %24.8 %
Revenue by Business and Geography (Unaudited)
(percent of total revenue)For the three months ended June 30, For the six months ended June 30,
2026202520262025
Automotive55.0 %55.9 %55.8 %57.1 %
Industrials21.4 %21.9 %20.1 %20.7 %
Aerospace, Defense, and Commercial Equipment
23.6 %22.2 %24.1 %22.2 %
Total100.0 %100.0 %100.0 %100.0 %
(percent of total revenue)For the three months ended June 30, For the six months ended June 30,
2026202520262025
Americas40.9 %40.3 %40.6 %40.6 %
Europe27.2 %28.1 %27.9 %27.9 %
Asia/Rest of World31.9 %31.6 %31.5 %31.5 %
Total100.0 %100.0 %100.0 %100.0 %


10

GAAP to Non-GAAP Reconciliations
The following unaudited tables provide a reconciliation of the difference between each of the non-GAAP financial measures referenced herein and the most directly comparable U.S. GAAP financial measure. Amounts presented in these tables may not appear to recalculate due to the effect of rounding.
Operating income and margin, income tax, net income, and earnings per share
($ in millions, except per share amounts)For the three months ended June 30, 2026
Operating IncomeOperating MarginIncome TaxesNet IncomeDiluted EPS
Reported (GAAP)$165.4 16.7%$30.3 $102.1 $0.70 
Non-GAAP adjustments:
Restructuring related and other
17.5 1.8%(1.6)15.9 0.11 
Financing and other transaction costs
(5.3)(0.5%)0.1 (5.2)(0.04)
Amortization of intangible assets 15.7 1.6%— 15.7 0.11 
Amortization of debt issuance costs— —%— 1.1 0.01 
Other, net
— —%(1.2)2.5 0.02 
Deferred taxes and other tax related
— —%11.5 11.5 0.08 
Total adjustments28.0 2.8%8.8 41.5 0.28 
Adjusted (non-GAAP)$193.3 19.5%$21.5 $143.7 $0.98 

($ in millions, except per share amounts)For the three months ended June 30, 2025
Operating IncomeOperating MarginIncome TaxesNet IncomeDiluted EPS
Reported (GAAP)$138.1 14.6%$45.1 $60.7 $0.41 
Non-GAAP adjustments:
Restructuring related and other
16.3 1.7%(0.6)15.6 0.11 
Financing and other transaction costs
3.6 0.4%0.1 3.6 0.02 
Amortization of intangible assets21.2 2.2%— 21.2 0.14 
Amortization of debt issuance costs— —%— 1.2 0.01 
Other, net
— —%(0.1)(1.0)(0.01)
Deferred taxes and other tax related— —%26.0 26.0 0.18 
Total adjustments41.0 4.3%25.4 66.7 0.45 
Adjusted (non-GAAP)$179.1 19.0%$19.7 $127.3 $0.87 


11

($ in millions, except per share amounts)For the six months ended June 30, 2026
Operating IncomeOperating MarginIncome TaxesNet IncomeDiluted EPS
Reported (GAAP)$307.0 15.9%$58.8 $189.2 $1.29 
Non-GAAP adjustments:
Restructuring related and other
34.1 1.8%(3.3)30.8 0.21 
Financing and other transaction costs
(5.2)(0.3%)0.1 (5.1)(0.03)
Amortization of intangible assets31.5 1.6%— 31.5 0.21 
Amortization of debt issuance costs— —%— 2.2 0.01 
Other, net
— —%(0.4)(0.8)(0.01)
Deferred taxes and other tax related
— —%21.5 21.5 0.15 
Total adjustments60.4 3.1%17.8 80.0 0.55 
Adjusted (non-GAAP)$367.4 19.1%$40.9 $269.2 $1.84 
($ in millions, except per share amounts)For the six months ended June 30, 2025
Operating IncomeOperating MarginIncome TaxesNet IncomeDiluted EPS
Reported (GAAP)$260.3 14.0%$65.8 $130.6 $0.88 
Non-GAAP adjustments:
Restructuring related and other
34.6 1.9%0.9 35.5 0.24 
Financing and other transaction costs9.0 0.5%0.1 9.1 0.06 
Amortization of intangible assets41.8 2.3%— 41.8 0.28 
Amortization of debt issuance costs— —%— 2.4 0.02 
Other, net
— —%(0.6)(3.6)(0.02)
Deferred taxes and other tax related— —%28.3 28.3 0.19 
Total adjustments85.3 4.6%28.7 113.4 0.77 
Adjusted (non-GAAP)$345.6 18.6%$37.1 $243.9 $1.65 

12

Non-GAAP adjustments by location in statements of operations
(in millions)For the three months ended June 30, For the six months ended June 30,
2026202520262025
Cost of revenue
$11.9 $5.9 $18.4 $11.6 
Selling, general and administrative2.0 7.3 8.5 18.4 
Amortization of intangible assets
15.7 21.2 31.5 41.8 
Restructuring and other charges, net
(1.7)6.6 2.0 13.6 
Operating income adjustments28.0 41.0 60.4 85.3 
Interest expense
1.1 1.2 2.2 2.4 
Other, net
3.6 (0.9)(0.4)(3.1)
Provision for income taxes
8.8 25.4 17.8 28.7 
Net income adjustments$41.5 $66.7 $80.0 $113.4 

Free cash flow
For the three months ended June 30, For the six months ended June 30,
($ in millions)20262025% △20262025% △
Net cash provided by operating activities$210.0 $140.9 49.0%$332.5 $260.1 27.8%
Additions to property, plant and equipment and capitalized software(23.6)(25.4)7.1%(41.5)(58.0)28.4%
Free cash flow$186.4 $115.5 61.4%$291.0 $202.1 44.0%
Adjusted corporate and other expenses
For the three months ended June 30, For the six months ended June 30,
(in millions)2026202520262025
Corporate and other expenses (GAAP)$(74.8)$(64.3)$(147.6)$(129.6)
Restructuring related and other13.3 12.9 26.2 28.6 
Financing and other transaction costs0.7 0.3 0.7 1.4 
Total adjustments13.9 13.2 26.9 30.0 
Adjusted corporate and other expenses (non-GAAP)$(60.9)$(51.1)$(120.7)$(99.6)
13

Adjusted EBITDA
For the three months ended June 30, For the six months ended June 30,
(in millions)LTM2026202520262025
Net income$89.9 $102.1 $60.7 $189.2 $130.6 
Interest expense, net122.5 29.2 33.2 59.4 66.9 
Provision for income taxes85.0 30.3 45.1 58.8 65.8 
Depreciation expense169.5 33.5 33.3 67.6 74.3 
Amortization of intangible assets70.0 15.7 21.2 31.5 41.8 
EBITDA536.9 211.0 193.5 406.5 379.4 
Non-GAAP Adjustments
Restructuring related and other311.5 16.5 16.0 31.5 27.0 
Financing and other transaction costs20.7 (5.3)3.6 (5.2)9.0 
Other, net
(13.2)3.6 (0.9)(0.4)(3.1)
Adjusted EBITDA$855.9 $225.9 $212.1 $432.3 $412.3 
Gross and net debt and leverage
As of
($ in millions)June 30,
2026		December 31, 2025
Current portion of long-term debt and finance lease obligations$2.4 $2.3 
Finance lease obligations, less current portion17.7 18.9 
Long-term debt, net2,424.8 2,828.6 
Total debt and finance lease obligations2,444.9 2,849.7 
Less: debt premium, net
0.2 0.5 
Less: deferred financing costs(15.3)(17.9)
Total gross debt
2,460.1 2,867.2 
Adjusted EBITDA (LTM)$855.9 $835.9 
Gross leverage ratio2.9 3.4 
Total gross debt
2,460.1 2,867.2 
Less: cash and cash equivalents403.3 573.0 
Net debt$2,056.8 $2,294.2 
Adjusted EBITDA (LTM)$855.9 $835.9 
Net leverage ratio2.42.7

14

Guidance
For the three months ending September 30, 2026
($ in millions, except per share amounts)Operating IncomeNet IncomeEPS
LowHighLowHighLowHigh
GAAP$156.5 $161.0 $96.0 $98.0 $0.65 $0.67 
Restructuring related and other14.0 16.0 13.0 15.0 0.09 0.10 
Financing and other transaction costs— — — — —— 
Amortization of intangible assets15.5 16.0 15.5 16.0 0.11 0.11 
Amortization of debt issuance costs— — 1.0 1.0 0.01 0.01 
Other, net
— — — — — 
Deferred taxes and other tax related— — 11.5 12.0 0.08 0.08 
Non-GAAP$186.0 $193.0 $137.0 $142.0 $0.93 $0.97 
Weighted-average diluted shares outstanding (in millions)147.0147.0

###
Media & Investors:
James Entwistle
+1(508) 954-1561
jentwistle@sensata.com
investors@sensata.com
15

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