10-K · February 11, 2026
Amphenol reports strong 2025 operational performance with outsized revenue and margin expansion during the year and a meaningful step-up in M&A. Quarterly revenue rose to $6.44B in 2025Q4 (from $4.32B in 2024Q4)…
Earnings analysis · 10-Q
APH earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
Amphenol Corporation reported strong Q1 2026 results, with revenue of $7.62 billion and an adjusted EPS of $1.06, beating consensus estimates. The impressive growth of 58% in net sales year-over-year was driven by…
Read full summary
Amphenol Corporation reported strong Q1 2026 results, with revenue of $7.62 billion and an adjusted EPS of $1.06, beating consensus estimates. The impressive growth of 58% in net sales year-over-year was driven by robust organic sales across all segments, particularly in Communications Solutions and Harsh Environment Solutions, and the company anticipates continued growth in the following quarter.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $1.06
- Segment
- Communications Solutions
- Segment
- Harsh Environment Solutions
- Segment
- Interconnect and Sensor Systems
What stood out
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Record Revenue Growth
Net sales increased by 58% from $4.81B in Q1 2025 to $7.62B in Q1 2026.
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Strong EPS Beat
Adjusted EPS rose to $1.06, exceeding the consensus estimate of $0.95.
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Segment Performance Boost
All segments reported growth, with Communications Solutions up 88%.
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Improved Operating Income Margin
Operating income margin increased from 21.3% in Q1 2025 to 24.0% in Q1 2026.
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Positive Operating Cash Flow
Operating cash flow improved, reaching $1.12B, up from $764.9M year-over-year.
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Acquisition-Driven Growth
Acquisition of CommScope contributed to significant revenue growth.
What to watch
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Higher Interest Expense
Interest expense surged to $207.9M from $76.5M due to increased debt levels.
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Effective Tax Rate Spike
Effective tax rate rose substantially to 42.7% in Q1 2026, compared to 22.7% in Q1 2025.
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Cash Decrease Impact
Cash and short-term investments dropped to $4.58B from $11.43B due to acquisition costs.
Management's outlook
Management expects Q2 2026 revenue in the range of $8.1B to $8.2B, reflecting 43%-45% YoY growth.
Earlier filings 4
10-Q · April 25, 2025
Amphenol reported strong Q1 results driven by acquisitions and end-market demand: net sales were $4,811.0 million (Q1 2024: $3,256.3 million) and GAAP diluted EPS was $0.58 (Q1 2024: $0.44). Gross margin expanded…
10-Q · July 26, 2024
Amphenol reported Q2 2024 net sales of $3,609.7 million (up $555.8M, +18.2% vs Q2 2023) with gross profit of $1,213.1 million and diluted EPS of $0.41 (vs $0.37 in Q2 2023). Operating income rose to $698.8 million but…
10-Q · October 27, 2023
Amphenol reported Q3 net sales of $3,199.2 million, down $96.0 million (‑2.9%) versus Q3 2022, while diluted EPS increased to $0.83 from $0.80. Gross profit was $1,048.5 million (slightly higher margin versus prior…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.