APH · Earnings call · 2026Q3T · Full report

Trade Policy and Tariffs

AMPHENOL CORP /DE/ · 2026-10-28 · Importance 13 · Surprise 24

The CFO said sequential adjusted operating margin was affected by a larger benefit from tariff recoveries in the second quarter than in the third quarter. Excluding those recoveries, he said adjusted operating margin improved by approximately 70 basis points sequentially. Management did not identify specific tariffs, jurisdictions, or a quantified tariff cost in this discussion.