APH · 10-Q · 2026Q2 · Full report

China Tax Matters

AMPHENOL CORP /DE/ · 2026-07-31 · Importance 53 · Surprise 60 · In source text

Chinese tax authorities issued unfavorable determinations regarding certain of Amphenol’s prior-period tax positions. The company received tax payment notices totaling $230.0, accrued the full amount, and paid it during the second quarter of 2026. Amphenol also recorded $160.0 of additional tax obligations after reassessing prior-year tax-rate assumptions, while reserves for potential settlement of other foreign tax matters contributed to $169.0 of income-tax-related accruals in the first six months of 2026.

Key facts

• The amounts recorded during the three months ended March 31, 2026 primarily result from unfavorable determinations received from relevant tax authorities in China regarding previously disclosed tax inquiries; the Company received tax payment notices totaling $230.0 and recorded an accrual of $130.0 during the three months ended March 31, 2026 in addition to an accrual of $100.0 recorded in the three months ended December 31, 2025, and the $230.0 was paid in full during Q2 2026. source
• For the three and six months ended June 30, 2026 the effective tax rate was further impacted by income tax related accruals of $39.0 and $169.0, respectively. source
• The Company recorded $160.0 in additional tax obligations related to China during the six months ended June 30, 2026 resulting from reassessment of certain tax rate assumptions applied to prior years’ results not subject to the tax inquiries. source

Impact estimates