APH · 8-K · 20260729PR087904
China Tax Assessment
AMPHENOL CORP /DE/ · 2026-07-29 · Importance 47 · Surprise 60 · In source text
Amphenol recorded $329.0 million of discrete tax items for the six months ended June 30, 2026. The amount included a $130.0 million accrual following unfavorable determinations by relevant Chinese tax authorities regarding prior-period tax positions. The company also recorded $160.0 million of additional China tax obligations after reassessing tax-rate assumptions applied to prior years, and increased its adjusted effective tax rate to 27.0%.
Key facts
- AMPHENOL CORP /DE/ for the six months ended June 30, 2026 recorded discrete tax items totaling $329.0 million comprised of (i) $39.0 million reserves for potential settlement of various foreign tax matters, (ii) an accrual of $130.0 million from unfavorable determinations received from relevant tax authorities in China regarding prior period tax positions, and (iii) $160.0 million in additional tax obligations related to China from reassessment of prior years' tax rate assumptions. source
- AMPHENOL CORP /DE/ recorded a discrete tax item of $39.0 million ($0.03 per share) in the three months ended June 30, 2026 related to reserves for potential settlement of various foreign tax matters. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | negative | realized | -3.8% | AMPHENOL CORP /DE/ for the six months ended June 30, 2026 recorded discrete tax items totaling $329.0 million comprised of (i) $39.0… |
| liability | negative | realized | -3.8% | AMPHENOL CORP /DE/ for the six months ended June 30, 2026 recorded discrete tax items totaling $329.0 million comprised of (i) $39.0… |