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AMPHENOL CORP /DE/APH

Sector
Technology
Industry
Electronic Connectors
Exchange
NYSE

Stock Price $APH

Latest filings

You are here#27 of 67 in Technology by market cap

Filing record · 2016–202610-K1110-Q328-K138

APH filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 138 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jul ’17Jul ’17
  2. Leadership change8-K · Nov ’19Nov ’19
  3. Material agreement8-K · Dec ’21Dec ’21
  4. Material agreement8-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $23.09B
YoY changeLargest recent move+26.5%in FY21Latest +51.7%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All APH Financial Metrics61 metrics

Income Statement15

Balance Sheet26

Cash Flow15

Per Share5

02—Overview

AMPHENOL CORP /DE/ Financial Overview 2021–2025

Updated Jul 10, 2026

Amphenol’s Communications Solutions segment delivered a staggering 91%a revenue explosion in FY2025, fueled directly by a surge in AI-related data center demand. This dramatic segment-level acceleration underpins the central investment thesis for the company: a highly effective dual-engine strategy that successfully marries structural positioning in secular technology trends with aggressive, large-scale capital deployment.

The company's long-term trajectory highlights relentless execution, as total net sales more than doubled from $10.88 billion in FY2021 to $23.1 billionb by the end of FY2025. This scale did not dilute profitability. Operating margins expanded dramatically from 20.7% in FY2024 to a record 25.4% in FY2025, demonstrating massive operating leverage alongside top-line expansion. Furthermore, order visibility remains exceptionally high, with the total backlog swelling to $8.9 billion by the close of FY2025. To fuel this expansion, Amphenol has aggressively utilized its balance sheet, securing a massive $10.5 billion acquisition of CommScope's connectivity business in early 2026, which drove a sharp rise in debt and pushed FY2025 interest expenses up to $367.8 million.

Investors have eagerly digested this leveraged growth profile. At the close of FY2025, the market valued the hardware giant at a $165.8 billionc market capitalization. Shares finished the year at $135.14, meaning the stock traded at a demanding 40.5x P/E ratio on its $3.34 in EPS.

Recent Developments (Q4 2025 and Q1 2026)

Amphenol sustained its growth trajectory into Q1 2026, delivering a 58% year-over-year surge in net sales to $7.62 billiond. This top-line momentum featured 33% organic growth alongside ongoing post-merger integration. Operating income climbed to $1.83 billion at a 24.0% operating margin, while operating cash flow swelled 47% to $1.12 billion. On the leadership front, board member Martin H. Loeffler will retire in May 2026, with CEO R. Adam Norwitt assuming the Chairman role. To optimize its capital structure, Amphenol issued €500 million in senior notes in March 2026 and priced an additional €1.1 billion in May 2026.

Bulls will highlight the sustained 33% organic growth rate and strong cash generation. Conversely, bears will point to the valuation of 42.6x earnings as of May 1, 2026, alongside margin headwinds from rising interest costs and a spiked 42.7% effective tax rate driven by matters in China.

What to watch: progress on resolving the Chinese tax matters; integration updates from newly acquired business units

03—Filings

Recent SEC Filings

  1. 8-KAMPHENOL CORP /DE/ 8-K Report, Executive Changes (Oct 6, 2026)Amphenol Corporation (APH) filed an 8-K on October 6, 2026, to announce a significant leadership transition within its Harsh Environment Solutions Division. Luc Walter, after a distinguished 43-year tenure, will step down as President of this division effective January 1, 2027. He will transition to a newly created role as Senior Vice President, Strategic Programs, indicating a continued contribution to the company in an advisory capacity. This move aims to leverage Mr. Walter's extensive experience for future strategic initiatives. Succeeding Mr. Walter as the new President of the Harsh Environment Solutions Division will be Ryan Fisher. Mr. Fisher currently holds the position of Group General Manager of the Company’s North American Military Group, bringing with him a strong track record in a key operational segment. This leadership change is effective concurrently with Mr. Walter's transition, marking a planned succession for a critical business unit. Investors should monitor the performance of the Harsh Environment Solutions Division under Mr. Fisher's leadership and the impact of Mr. Walter's strategic advisory role.
  2. 8-KAMPHENOL CORP /DE/ 8-K Report, Corporate Update (Sep 4, 2026)Amphenol Corporation (APH) has filed a Form 8-K detailing the effective completion of a two-for-one stock split for its Class A Common Stock. This split, executed as a stock dividend, was distributed to shareholders of record as of August 17, 2026. In conjunction with this stock split, the previously announced third quarter dividend amount has been adjusted. The dividend, to be paid on October 14, 2026, to shareholders of record as of September 22, 2026, will now be $0.125 per share, reflecting the increased number of shares outstanding post-split.
  3. 8-KAMPHENOL CORP /DE/ 8-K Report, Corporate Update (Aug 6, 2026)On August 6, 2026, Amphenol Corporation (NYSE: APH) disclosed in an 8-K that its Board of Directors, at an August 5, 2026 meeting, approved a two-for-one stock split of its Class A Common Stock, effected as a stock dividend. Holders of record at the close of business on August 17, 2026 will receive one additional share for each share held, with distribution expected on September 2, 2026. The filing is limited to Item 8.01 (Other Events) and Item 9.01 (Exhibits); no financial results, balance sheet data, or operating metrics were reported. The split is primarily a share-count and per-share presentation event rather than a change in economic value. Mechanically, each shareholder's proportional ownership and aggregate market value should be unchanged, while the share price and per-share metrics should adjust by roughly half. The press release notes that third quarter 2026 Adjusted Diluted EPS guidance moves from $1.40-$1.42 pre-split to $0.70-$0.71 post-split, which is the same underlying guidance expressed on the new share base. Stock splits are often viewed by management as a way to improve share liquidity and broaden retail accessibility, though they do not by themselves alter fundamentals. The company also declared its third quarter 2026 cash dividend of $0.25 per pre-split share, or $0.125 per share post-split, payable October 14, 2026 to holders of record as of September 22, 2026. The dividend is presented on the same split-adjusted basis, so the per-share cash payout is effectively unchanged in value for holders. Investors should note that the 8-K itself contains no new operating, financial, or guidance-change disclosures beyond the restatement of previously issued EPS guidance on a post-split basis.
  4. 8-KAMPHENOL CORP /DE/ 8-K Report, Financial Results (Jul 29, 2026)Amphenol reported record second-quarter 2026 results on July 29, 2026, with net sales of $8.76 billion, up 55% in U.S. dollars and 30% organically versus Q2 2025. The growth was driven by broad organic strength, most notably in the IT datacom market, and by acquisitions including CommScope (closed Q1 2026), El.Com and Wilder Technologies. Orders reached $10.7 billion for a book-to-bill of 1.23:1. GAAP diluted EPS was $1.37 (up 59%) and Adjusted Diluted EPS was $1.35 (up 67%). GAAP operating margin was 29.5%, and Adjusted operating margin was 29.8%, which includes an $80 million net benefit from IEEPA tariff recoveries that is non-recurring in nature and should be weighed accordingly. Quality of earnings warrants some attention. GAAP net income was reduced in the six-month period by $329 million of discrete tax items, mainly a $130 million accrual tied to unfavorable China tax determinations and $160 million of additional China tax obligations from reassessed prior-year rate assumptions. Management raised its Adjusted Effective Tax Rate to 27.0%. Cash generation was solid in the quarter, with operating cash flow of $1.56 billion and free cash flow of $1.21 billion, though six-month working capital consumed $1.18 billion as receivables and inventory grew rapidly. Total debt rose sharply to roughly $18.8 billion from about $15.5 billion at year-end 2025 to fund acquisitions, and cash fell to $5.4 billion from $11.4 billion, which increases the importance of deleveraging as the business integrates the acquisitions. Looking ahead, Amphenol guided Q3 2026 sales of $9.3 to $9.4 billion (50% to 52% growth) and Adjusted Diluted EPS of $1.40 to $1.42 (51% to 53% growth), excluding any additional tariff recoveries. The company raised its expectations for CommScope to $4.6 billion in full-year 2026 sales and $0.30 of accretion, up from $4.1 billion and $0.15. Capital returned to shareholders in the quarter totaled $515 million, consisting of $208 million in buybacks and $307 million in dividends.
  5. 8-KAMPHENOL CORP /DE/ 8-K Report, Shareholder Vote Results (May 22, 2026)This 8-K filing from Amphenol Corporation reports on the outcomes of its Annual Meeting of Stockholders held on May 21, 2026. The primary focus for investors is the overwhelming approval of key governance items, indicating continued confidence in the company's leadership and operational oversight. All director nominees were elected with significant "FOR" votes, and the selection of Deloitte & Touche LLP as independent public accountants was also overwhelmingly ratified. Furthermore, shareholders provided an advisory vote of approval for the compensation of named executive officers. The strong voting results across these critical areas suggest a stable and well-supported corporate governance framework, which is generally viewed positively by the investment community as it signals alignment between management and shareholders.
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04—See also

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