APH · Earnings call · 2026Q3T · Full report

Capital Expenditure Outlook

AMPHENOL CORP /DE/ · 2026-10-28 · Importance 25 · Surprise 6

Management said the historical capital-intensity range of 3%–4% of sales would likely remain broadly appropriate over the long term. In quarters of exceptionally fast growth, capital intensity could exceed 4%, and could do so slightly for the year. Automation has modestly increased the business’s capital intensity toward the upper end of the range.

Key facts

• Amphenol’s long-term capital intensity expectation remained approximately 3% to 4%, with some quarters above 4% and potentially slightly above 4% for the year during unusually rapid growth.
• Amphenol said automation had modestly increased capital intensity toward the upper end of 4%, while the overall 3% to 4% range remained its reference point.