APH · 10-Q · 2026Q2

AMPHENOL CORP /DE/

Filed 2026-07-31 · Technology · View original filing on EDGAR

Ranked Events

• AI Infrastructure DemandImportance 84 · Surprise 74
  Information technology and data communications was the primary growth driver in the second quarter and first six months of 2026. Communications Solutions recorded 42% organic second-quarter growth and 44% organic…
• Operating Margin DriversImportance 83 · Surprise 82
  Second-quarter operating income increased to $2,584.6 million, or 29.5% of sales, from $1,418.8 million, or 25.1%, in the prior-year quarter. Six-month operating income increased to $4,416.4 million, or 27.0% of sales,…
• Capital AllocationImportance 81 · Surprise 76
  Amphenol generated $2,036.7 million of free cash flow during the first six months of 2026, up from $1,701.7 million in the prior-year period. The Company allocated $614.0 million to dividends and $386.0 million to…
• Working Capital and ReceivablesImportance 75 · Surprise 64
  Working-capital components used $1,176.4 million of cash in the first six months of 2026, compared with $374.3 million in the prior-year period. Accounts receivable increased $2,073.0 million to $6,790.1 million, and…
• Operating Cash Flow and CapexImportance 73 · Surprise 66
  Operating cash flow increased to $2,678.7 million in the first six months of 2026 from $2,181.7 million in the comparable 2025 period. Capital expenditures were $647.1 million during the first six months of 2026,…
• Acquisition-Related ExpensesImportance 71 · Surprise 82
  Acquisition-related expenses increased to $272.4 million for the six months ended June 30, 2026, from $133.8 million in the prior-year period, a 103.6% increase. The 2026 expenses included $140.4 million of backlog…
• Acquisitions and PartnershipsImportance 71 · Surprise 60
  Amphenol completed three acquisitions during the six months ended June 30, 2026, including CommScope for approximately $10,684.0 million net of cash acquired. CommScope and one other acquisition were included in the…
• Interest Expense IncreaseImportance 71 · Surprise 82
  Interest expense increased to $213.7 million in the second quarter of 2026 from $80.9 million in the second quarter of 2025, and to $421.6 million for the first six months from $157.4 million. The increase primarily…
• Revenue Performance and MixImportance 69 · Surprise 64
  Second-quarter 2026 net sales increased 55% to $8,758.1 million from $5,650.3 million, including 30% organic growth and a $46.5 million benefit from foreign currency. Six-month net sales increased 57% to $16,378.2…
• Dividend DeclarationImportance 68 · Surprise 58
  Amphenol’s Board-approved quarterly dividend rate increased from $0.165 per share to $0.25 per share beginning with dividends declared in the fourth quarter of 2025. Dividends declared totaled $615.3 million for the…
• Income Tax Rate ChangesImportance 66 · Surprise 74
  The second-quarter effective tax rate rose to 25.3% from 18.3%, while the six-month rate rose to 32.4% from 20.2%. Six-month results included $169.0 million of income-tax-related accruals, a $160.0 million additional…
• Debt and Liquidity PositionImportance 64 · Surprise 42
  Net cash proceeds from borrowings were $4,927.2 million during the first six months of 2026, primarily from the Delayed Draw Term Loans and the 2029, 2031 and 2034 Euro Notes, while debt repayments totaled $1,535.7…
• Supply Chain and InventoryImportance 64 · Surprise 56
  Inventories increased $1,126.7 million to $4,551.6 million at June 30, 2026, primarily reflecting the 2026 acquisitions and higher sales levels in the second quarter. Inventory days were 76 compared with 77 at December…
• China Tax MattersImportance 53 · Surprise 60
  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…
• Stock Repurchase ProgramImportance 48 · Surprise 40
  Under the $2,000.0 million 2024 Stock Repurchase Program, Amphenol repurchased 2.8 million shares for $386.0 million during the six months ended June 30, 2026, compared with $341.0 million in the prior-year period, an…
• Trade Policy and TariffsImportance 40 · Surprise 42
  Amphenol recorded an $80.0 million net benefit in the second quarter and first six months of 2026 from recovery of International Emergency Economic Powers Act (IEEPA) tariffs. The tariff recovery increased operating…
• Geographic Market CommentaryImportance 36 · Surprise 6
  Foreign customer-location sales were $5,344.3 million in the second quarter and $10,012.6 million in the first six months, compared with U.S. sales of $3,413.8 million and $6,365.6 million, respectively. Foreign…
• Pillar Two Global Minimum TaxImportance 3 · Surprise 6
  The OECD/G20 Pillar Two framework establishes a global minimum tax and has been implemented in stages across EU member states, with the first component effective January 1, 2024 and the second effective January 1,…

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Revenue by Geography (in millions)