APH · Earnings call · 2026Q3T · Full report
Capital Allocation
AMPHENOL CORP /DE/ · 2026-10-28 · Importance 68 · Surprise 58 · In source text
Amphenol repurchased 3 million shares during the third quarter at an average price of approximately $81 per share. Repurchases combined with the quarterly dividend returned approximately $553 million to shareholders in the quarter. The Board approved a 20% increase in the quarterly dividend to $0.15 per share, effective for payments beginning in January 2027. It also approved a new three-year, $4 billion stock repurchase plan effective January 1, 2027; purchases under the existing plan are expected to be completed by December 31, 2026.
Key facts
- The board approved a new three-year, $4 billion stock repurchase plan effective January 1, 2027.
- The board approved a 20% increase in the quarterly dividend to $0.15 per share, effective for payments beginning in January 2027.
- Amphenol generated $1.6 billion in free cash flow in the quarter and devoted it to 4 acquisitions that cost roughly $1.6 billion.
- Q3 2026 capital returned to shareholders was approximately $553 million, including share repurchases and the quarterly dividend.
- Amphenol expects to complete remaining purchases under its existing stock repurchase plan by December 31, 2026.
- Amphenol repurchased 3 million shares during Q3 2026 at an average price of approximately $81 per share.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -7.2% | The board approved a new three-year, $4 billion stock repurchase plan effective January 1, 2027. |
| cash | negative | realized | -3.4% | Amphenol generated $1.6 billion in free cash flow in the quarter and devoted it to 4 acquisitions that cost roughly $1.6 billion. |
| cash | negative | realized | -1.2% | Q3 2026 capital returned to shareholders was approximately $553 million, including share repurchases and the quarterly dividend. |
| cash | negative | committed | — | The board approved a 20% increase in the quarterly dividend to $0.15 per share, effective for payments beginning in January 2027. |