APH · Full Picture
AMPHENOL CORP /DE/ — the full picture
Earnings window · 2026-07-31 to 2026-11-09 · anchored on the 10-Q report
One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.
What to look at first
- Revenue Performance and Mix · Revenue growth & mixPriority 91+103.0% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); structured_verifiedAmphenol reported record second-quarter sales of $8.8 billion, a 55 percent increase year-over-year.
- Acquisitions and Partnerships · M&A and divestituresPriority 89-1.3% cash; 3 sources (news, sec_filing, transcript); 1 forward row(s); structured_verifiedDuring the nine months ended September 30, 2026, the Company completed four acquisitions for approximately $11,055.8 net of cash acquired, including CommScope.
- Operating Margin Drivers · UnclassifiedPriority 78+45.1% operating_income (realized); 2 sources (sec_filing, transcript); structured_verifiedThird-quarter 2026 operating expenses were $7,193.4 million, or 70.3% of sales, compared with $4,492.1 million, or 72.5%, in third-quarter 2025; operating income was $3,020.8 million, or 29.5% of sales, versus $1,702.3 million, or 27.5%.
- Capital Allocation · UnclassifiedPriority 77-7.2% cash; 2 sources (sec_filing, transcript); 2 forward row(s); quote_verifiedThe board approved a new three-year, $4 billion stock repurchase plan effective January 1, 2027.
- Cash Flow and Capital Expenditures · Capital expenditurePriority 77-47.6% cash (realized); structured_verifiedNet cash used in investing activities was $(11,703.6) for the six months ended June 30, 2026 compared to $(2,964.2) for the six months ended June 30, 2025.
- AI Infrastructure Demand · UnclassifiedPriority 763 sources (news, sec_filing, transcript); quote_verifiedAmphenol’s IT Datacom sales grew 100% in U.S. dollars and 77% organically year over year in Q3 2026; the market represented 48% of quarterly sales.
- Market Demand Trends · Demand, orders & backlogPriority 724 sources (news, press_release, sec_filing, transcript); 1 forward row(s); quote_verifiedAmphenol expected 2026 industrial sales growth of more than 50%, reflecting strong organic growth and acquisitions.
- Operating Margin Drivers · Gross marginPriority 71+26.6% operating_income (realized); structured_verifiedNet income attributable to Amphenol Corporation and Diluted EPS were $1,769.2 and $1.37, respectively, for Q2 2026, compared to $1,091.3 and $0.86, respectively, for Q2 2025.
- Order Backlog and Book-to-Bill · Demand, orders & backlogPriority 713 sources (news, press_release, transcript); 2 forward row(s); quote_verifiedQ3 2026 orders were a record $12.17 billion, up 99% year over year and 13% sequentially, with a 1.19-to-1 book-to-bill ratio.
- Net Income and EPS Performance · Operating income & profitabilityPriority 69+16.2% net_income (realized); quote_verifiedThird-quarter 2026 net income attributable to Amphenol was $2,034.3 million and diluted EPS was $0.79, compared with $1,245.7 million and $0.49 in third-quarter 2025.
- Guidance / Outlook · Guidance & outlookPriority 67+1.7% assets; 3 sources (news, press_release, transcript); 7 forward row(s); quote_verifiedFor the fourth quarter of 2026, Amphenol expects sales of $10.3 billion to $10.5 billion, approximately 60% higher than the prior-year quarter, assuming current market conditions continue and exchange rates remain constant.
- Stock Repurchase Program · Buybacks & dividendsPriority 67-3.6% cash; 2 sources (press_release, sec_filing); 2 forward row(s); structured_verifiedOn October 27, 2026, the Board authorized the 2027 Stock Repurchase Program for up to $4,000.0 of Common Stock from January 1, 2027 through December 31, 2029.
Threads by pillar
Revenue & Demand Priority 95 · 9 threads
- Revenue Performance and MixPriority 91 · News, Release, Filing, Call
- Automotive Revenue GrowthPriority 43 · Call
- Market Demand TrendsPriority 72 · News, Release, Filing, Call
- Order Backlog and Book-to-BillPriority 71 · News, Release, Call
- AI Infrastructure DemandPriority 52 · News
- Commercial Aerospace DemandPriority 33 · Call
- Geographic Market CommentaryPriority 43 · Filing
- Distribution ChannelsPriority 26 · News
- Products and TechnologyPriority 22 · News
Costs & Margins Priority 84 · 5 threads
- Net Income and EPS PerformancePriority 69 · Filing
- Operating Income and MarginsPriority 63 · Release
- Operating Margin DriversPriority 71 · Filing
- Supply Chain and InventoryPriority 51 · Filing, Call
- Operating Expense TrendsPriority 38 · Release
Capital & Balance Sheet Priority 94 · 8 threads
- Cash Flow and Capital ExpendituresPriority 77 · Filing
- Capital Expenditure OutlookPriority 34 · Call
- Stock Repurchase ProgramPriority 67 · Release, Filing
- Dividend DeclarationPriority 56 · News, Release, Filing
- Debt and Liquidity PositionPriority 66 · Release, Filing, Call
- Income Tax Rate ChangesPriority 60 · Release, Filing, Call
- Working Capital and ReceivablesPriority 59 · Filing
- Operating Cash Flow and Free Cash FlowPriority 53 · News, Filing, Call
Strategy & Portfolio Priority 91 · 3 threads
- Acquisitions and PartnershipsPriority 89 · News, Filing, Call
- Acquisition-Related ExpensesPriority 50 · Filing
- Acquisition of Empire ElectronicsPriority 36 · Release
Legal, Regulatory & Policy Priority 41 · 1 thread
- Trade Policy and TariffsPriority 41 · Filing, Call
Guidance & Outlook Priority 67 · 1 thread
- Guidance / OutlookPriority 67 · News, Release, Call
Unclassified Priority 95 · 5 threads
- Operating Margin DriversPriority 78 · Filing, Call
- Capital AllocationPriority 77 · Filing, Call
- AI Infrastructure DemandPriority 76 · News, Filing, Call
- Interest Expense IncreasePriority 61 · Release, Filing
- Communications Networks WeaknessPriority 43 · Call
Expected impact by metric
| metric | forward net | forward gross | realized |
|---|---|---|---|
| cash | -13.1% | +13.1% | -43.6% |
| assets | +1.7% | +1.7% | +54.8% |
| liability | +1.0% | +1.0% | -11.5% |
| revenue | — | — | +106.9% |
| operating_income | — | — | +77.0% |
| margin | — | — | +9.5% |
| net_income | — | — | +24.3% |