APH · Earnings call · 2026Q3T · Full report

Industrial Market Demand

AMPHENOL CORP /DE/ · 2026-10-28 · Importance 45 · Surprise 64 · In source text

Industrial sales grew 60% in U.S. dollars and 25% organically year over year, with sequential growth of 7%; virtually all organic submarkets grew, and all three geographies showed strong growth. Management described strength in building automation, industrial instrumentation, oil and gas, alternative energy, electrification, factory automation, and heavy equipment. It attributed demand to increasing electronic content in industrial products and an expanded portfolio of interconnect, sensor, and antenna technologies. Data-center construction contributed to some demand, but management said it was not the predominant growth driver.

Key facts

• Amphenol expected 2026 industrial sales growth of more than 50%, reflecting strong organic growth and acquisitions.
• Amphenol’s industrial sales grew 60% in U.S. dollars and 25% organically year over year in Q3 2026; the market represented 18% of sales.
• Amphenol expected industrial sales to moderate somewhat in Q4 2026 from Q3 levels.
• Amphenol’s industrial sales increased 7% sequentially in Q3 2026, better than expected.
• Virtually all Amphenol industrial submarkets grew organically in Q3 2026, and all three geographies showed strong growth.
• Amphenol reported strong industrial demand in building automation, industrial instrumentation, oil and gas, alternative energy, electrification, factory automation, and heavy equipment; most of roughly 18 submarkets were growing at double-digit organic rates.
• Amphenol said data-center construction contributed to some industrial-market growth, but was not the predominant driver.

Impact estimates