APH · 10-Q · 2026Q2 · Full report
Working Capital and Receivables
AMPHENOL CORP /DE/ · 2026-07-31 · Importance 75 · Surprise 64 · In source text
Working-capital components used $1,176.4 million of cash in the first six months of 2026, compared with $374.3 million in the prior-year period. Accounts receivable increased $2,073.0 million to $6,790.1 million, and days sales outstanding rose to 69 days from 66 days. Inventories increased $1,126.7 million to $4,551.6 million, while inventory days improved to 76 from 77. Accounts payable increased $1,347.2 million to $4,009.1 million, with payable days rising to 69 from 60.
Key facts
- Accounts receivable increased $2,073.0 to $6,790.1 as of June 30, 2026 primarily due to higher sales and the 2026 Acquisitions; days sales outstanding were 69 days at June 30, 2026 and 66 days at December 31, 2025. source
- In the first six months of 2026 working capital components increased $1,176.4 excluding acquisitions and FX, primarily due to increases in accounts receivable of $1,310.7, inventories of $579.0, prepaid expenses and other current assets of $221.1, and a decrease in accrued income taxes of $132.3, partially offset by increase in accounts payable of $804.1 and accrued liabilities of $262.3. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| assets | positive | realized | +4.6% | Accounts receivable increased $2,073.0 to $6,790.1 as of June 30, 2026 primarily due to higher sales and the 2026 Acquisitions; days sales… |
| cash | negative | realized | -2.6% | In the first six months of 2026 working capital components increased $1,176.4 excluding acquisitions and FX, primarily due to increases in… |