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

  1. Revenue Performance and Mix · Revenue growth & mixPriority 91
    +103.0% revenue (realized); 4 sources (news, press_release, sec_filing, transcript); structured_verified
    Amphenol reported record second-quarter sales of $8.8 billion, a 55 percent increase year-over-year.
  2. Acquisitions and Partnerships · M&A and divestituresPriority 89
    -1.3% cash; 3 sources (news, sec_filing, transcript); 1 forward row(s); structured_verified
    During the nine months ended September 30, 2026, the Company completed four acquisitions for approximately $11,055.8 net of cash acquired, including CommScope.
  3. Operating Margin Drivers · UnclassifiedPriority 78
    +45.1% operating_income (realized); 2 sources (sec_filing, transcript); structured_verified
    Third-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%.
  4. Capital Allocation · UnclassifiedPriority 77
    -7.2% cash; 2 sources (sec_filing, transcript); 2 forward row(s); quote_verified
    The board approved a new three-year, $4 billion stock repurchase plan effective January 1, 2027.
  5. Cash Flow and Capital Expenditures · Capital expenditurePriority 77
    -47.6% cash (realized); structured_verified
    Net 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.
  6. AI Infrastructure Demand · UnclassifiedPriority 76
    3 sources (news, sec_filing, transcript); quote_verified
    Amphenol’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.
  7. Market Demand Trends · Demand, orders & backlogPriority 72
    4 sources (news, press_release, sec_filing, transcript); 1 forward row(s); quote_verified
    Amphenol expected 2026 industrial sales growth of more than 50%, reflecting strong organic growth and acquisitions.
  8. Operating Margin Drivers · Gross marginPriority 71
    +26.6% operating_income (realized); structured_verified
    Net 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.
  9. Order Backlog and Book-to-Bill · Demand, orders & backlogPriority 71
    3 sources (news, press_release, transcript); 2 forward row(s); quote_verified
    Q3 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.
  10. Net Income and EPS Performance · Operating income & profitabilityPriority 69
    +16.2% net_income (realized); quote_verified
    Third-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.
  11. Guidance / Outlook · Guidance & outlookPriority 67
    +1.7% assets; 3 sources (news, press_release, transcript); 7 forward row(s); quote_verified
    For 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.
  12. Stock Repurchase Program · Buybacks & dividendsPriority 67
    -3.6% cash; 2 sources (press_release, sec_filing); 2 forward row(s); structured_verified
    On 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

Costs & Margins Priority 84 · 5 threads

Capital & Balance Sheet Priority 94 · 8 threads

Strategy & Portfolio Priority 91 · 3 threads

Legal, Regulatory & Policy Priority 41 · 1 thread

Guidance & Outlook Priority 67 · 1 thread

Unclassified Priority 95 · 5 threads

Expected impact by metric

metricforward netforward grossrealized
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%