Amphenol (APH)
Market Price (4/25/2026): $150.0 | Market Cap: $183.9 BilSector: Information Technology | Industry: Electronic Components
Amphenol (APH)
Market Price (4/25/2026): $150.0Market Cap: $183.9 BilSector: Information TechnologyIndustry: Electronic Components
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%, CFO LTM is 5.4 Bil, FCF LTM is 4.4 Bil Stock buyback supportStock Buyback 3Y Total is 2.0 Bil Low stock price volatilityVol 12M is 38% Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, 5G & Advanced Connectivity, Electric Vehicles & Autonomous Driving, Show more. | Key risksAPH key risks include [1] integration challenges and increased debt from its aggressive growth-by-acquisition strategy, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 52% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 23%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 19%, CFO LTM is 5.4 Bil, FCF LTM is 4.4 Bil |
| Stock buyback supportStock Buyback 3Y Total is 2.0 Bil |
| Low stock price volatilityVol 12M is 38% |
| Megatrend and thematic driversMegatrends include Artificial Intelligence, Cloud Computing, 5G & Advanced Connectivity, Electric Vehicles & Autonomous Driving, Show more. |
| Key risksAPH key risks include [1] integration challenges and increased debt from its aggressive growth-by-acquisition strategy, Show more. |
Qualitative Assessment
AI Analysis | Feedback
Amphenol (APH) stock has gained about 10% since 12/31/2025 because of the following key factors:
1. Amphenol's strong fourth-quarter 2025 earnings exceeded analyst expectations and were coupled with optimistic guidance for the first quarter of 2026.
The company reported adjusted diluted EPS of $0.97 for Q4 2025, surpassing analyst estimates of $0.94 by $0.03. Sales reached $6.4 billion, exceeding forecasts by approximately $189 million and representing a 49% increase in U.S. dollars and 37% organically compared to the fourth quarter of 2024. For Q1 2026, Amphenol projected sales in the range of $6.9 billion to $7.0 billion, indicating a 43% to 45% increase year-over-year, and anticipated adjusted diluted EPS of $0.91 to $0.93, a 44% to 48% growth.
2. Strategic acquisitions, notably the $10.5 billion purchase of CommScope's Connectivity and Cable Solutions (CCS) business, significantly expanded Amphenol's exposure to high-growth markets.
The acquisition, finalized on January 9, 2026, enhances Amphenol's capabilities in the IT datacom market, particularly with fiber optic interconnect products crucial for artificial intelligence (AI) and other data center applications. The CCS business is expected to contribute $4.1 billion in sales and add $0.15 to Amphenol's adjusted earnings per share in 2026, with approximately $900 million in sales and $0.02 of adjusted EPS accretion included in the Q1 2026 guidance.
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1. Amphenol's strong fourth-quarter 2025 earnings exceeded analyst expectations and were coupled with optimistic guidance for the first quarter of 2026.
The company reported adjusted diluted EPS of $0.97 for Q4 2025, surpassing analyst estimates of $0.94 by $0.03. Sales reached $6.4 billion, exceeding forecasts by approximately $189 million and representing a 49% increase in U.S. dollars and 37% organically compared to the fourth quarter of 2024. For Q1 2026, Amphenol projected sales in the range of $6.9 billion to $7.0 billion, indicating a 43% to 45% increase year-over-year, and anticipated adjusted diluted EPS of $0.91 to $0.93, a 44% to 48% growth.
2. Strategic acquisitions, notably the $10.5 billion purchase of CommScope's Connectivity and Cable Solutions (CCS) business, significantly expanded Amphenol's exposure to high-growth markets.
The acquisition, finalized on January 9, 2026, enhances Amphenol's capabilities in the IT datacom market, particularly with fiber optic interconnect products crucial for artificial intelligence (AI) and other data center applications. The CCS business is expected to contribute $4.1 billion in sales and add $0.15 to Amphenol's adjusted earnings per share in 2026, with approximately $900 million in sales and $0.02 of adjusted EPS accretion included in the Q1 2026 guidance.
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Stock Movement Drivers
Fundamental Drivers
The 11.0% change in APH stock from 12/31/2025 to 4/24/2026 was primarily driven by a 10.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 12312025 | 4242026 | Change |
|---|---|---|---|
| Stock Price ($) | 134.87 | 149.71 | 11.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 20,974 | 23,095 | 10.1% |
| Net Income Margin (%) | 18.2% | 18.5% | 1.5% |
| P/E Multiple | 43.1 | 43.0 | -0.4% |
| Shares Outstanding (Mil) | 1,222 | 1,226 | -0.3% |
| Cumulative Contribution | 11.0% |
Market Drivers
12/31/2025 to 4/24/2026| Return | Correlation | |
|---|---|---|
| APH | 11.0% | |
| Market (SPY) | 4.2% | 50.6% |
| Sector (XLK) | 11.3% | 53.6% |
Fundamental Drivers
The 21.5% change in APH stock from 9/30/2025 to 4/24/2026 was primarily driven by a 22.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 4242026 | Change |
|---|---|---|---|
| Stock Price ($) | 123.27 | 149.71 | 21.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 18,818 | 23,095 | 22.7% |
| Net Income Margin (%) | 16.9% | 18.5% | 9.4% |
| P/E Multiple | 47.1 | 43.0 | -8.8% |
| Shares Outstanding (Mil) | 1,215 | 1,226 | -0.8% |
| Cumulative Contribution | 21.5% |
Market Drivers
9/30/2025 to 4/24/2026| Return | Correlation | |
|---|---|---|
| APH | 21.5% | |
| Market (SPY) | 7.0% | 54.9% |
| Sector (XLK) | 13.9% | 59.2% |
Fundamental Drivers
The 129.9% change in APH stock from 3/31/2025 to 4/24/2026 was primarily driven by a 51.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312025 | 4242026 | Change |
|---|---|---|---|
| Stock Price ($) | 65.13 | 149.71 | 129.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 15,223 | 23,095 | 51.7% |
| Net Income Margin (%) | 15.9% | 18.5% | 16.1% |
| P/E Multiple | 32.5 | 43.0 | 32.4% |
| Shares Outstanding (Mil) | 1,208 | 1,226 | -1.4% |
| Cumulative Contribution | 129.9% |
Market Drivers
3/31/2025 to 4/24/2026| Return | Correlation | |
|---|---|---|
| APH | 129.9% | |
| Market (SPY) | 28.1% | 61.4% |
| Sector (XLK) | 55.9% | 66.8% |
Fundamental Drivers
The 275.8% change in APH stock from 3/31/2023 to 4/24/2026 was primarily driven by a 83.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312023 | 4242026 | Change |
|---|---|---|---|
| Stock Price ($) | 39.84 | 149.71 | 275.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 12,623 | 23,095 | 83.0% |
| Net Income Margin (%) | 15.1% | 18.5% | 22.7% |
| P/E Multiple | 24.9 | 43.0 | 72.5% |
| Shares Outstanding (Mil) | 1,190 | 1,226 | -2.9% |
| Cumulative Contribution | 275.8% |
Market Drivers
3/31/2023 to 4/24/2026| Return | Correlation | |
|---|---|---|
| APH | 275.8% | |
| Market (SPY) | 79.8% | 64.1% |
| Sector (XLK) | 116.4% | 68.1% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| APH Return | 35% | -12% | 32% | 41% | 96% | 11% | 382% |
| Peers Return | 39% | -11% | 15% | 17% | 46% | 25% | 205% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 4% | 89% |
Monthly Win Rates [3] | |||||||
| APH Win Rate | 75% | 25% | 58% | 75% | 75% | 75% | |
| Peers Win Rate | 65% | 40% | 54% | 53% | 67% | 55% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| APH Max Drawdown | -8% | -28% | -4% | -5% | -15% | -12% | |
| Peers Max Drawdown | -3% | -30% | -13% | -12% | -22% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TEL, BDC, GLW, APTV, NVT. See APH Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/24/2026 (YTD)
How Low Can It Go
| Event | APH | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -28.9% | -25.4% |
| % Gain to Breakeven | 40.7% | 34.1% |
| Time to Breakeven | 405 days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -37.8% | -33.9% |
| % Gain to Breakeven | 60.7% | 51.3% |
| Time to Breakeven | 149 days | 148 days |
| 2018 Correction | ||
| % Loss | -22.5% | -19.8% |
| % Gain to Breakeven | 29.0% | 24.7% |
| Time to Breakeven | 88 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -63.4% | -56.8% |
| % Gain to Breakeven | 173.4% | 131.3% |
| Time to Breakeven | 714 days | 1,480 days |
Compare to TEL, BDC, GLW, APTV, NVT
In The Past
Amphenol's stock fell -28.9% during the 2022 Inflation Shock from a high on 12/29/2021. A -28.9% loss requires a 40.7% gain to breakeven.
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About Amphenol (APH)
Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. The company offers connectors and connector systems, including harsh environment data, power, high-speed, fiber optic, and radio frequency interconnect products; busbars and power distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; other products comprising flexible and rigid printed circuit boards, hinges, other mechanical, and production related products. In addition, the company offers consumer device, network infrastructure, and other antennas; coaxial, power, and specialty cables; and sensors and sensor-based products. It sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut.
AI Analysis | Feedback
Here are 1-3 brief analogies to describe Amphenol:1. Imagine 3M, but specialized in the indispensable connectors, cables, and sensors that allow virtually every electronic device and network to function and communicate.
2. If Intel provides the 'brains' for computers and many other devices, Amphenol provides much of the 'nervous system' – the critical connectors, cables, and sensors that enable all those brains to connect and communicate.
3. It's like Corning, but instead of advanced glass and fiber materials, Amphenol specializes in the physical connectors, cables, and sensors that form the essential 'plumbing' for electronic communication across industries.
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- Connectors and Connector Systems: Products for electrical, electronic, and fiber optic interconnectivity, including harsh environment, data, power, high-speed, and radio frequency types.
- Busbars and Power Distribution Systems: Components used for efficient electrical power distribution within systems.
- Backplane Interconnect Systems: Complex systems for connecting multiple circuit boards within electronic devices.
- Cable Assemblies and Harnesses: Bundles of cables and wires designed to transmit signals or power.
- Cable Management Products: Solutions for organizing, protecting, and routing cables.
- Printed Circuit Boards (PCBs): Flexible and rigid boards that mechanically support and electrically connect electronic components.
- Hinges: Mechanical devices enabling rotational movement between components.
- Antennas: Devices for transmitting and receiving radio waves, used in consumer devices and network infrastructure.
- Coaxial, Power, and Specialty Cables: Various types of cables designed for signal transmission and power delivery.
- Sensors and Sensor-based Products: Devices that detect and measure physical quantities or events, converting them into signals.
AI Analysis | Feedback
Amphenol (APH) primarily sells its products to other companies. The provided background information does not list specific major customer company names. However, it identifies the following types of customers and the markets they serve:- Original Equipment Manufacturers (OEMs)
- Electronic Manufacturing Services (EMS) companies
- Original Design Manufacturers (ODMs)
- Service Providers
- Automotive
- Broadband Communication
- Commercial Aerospace
- Industrial
- Information Technology and Data Communication
- Military
- Mobile Device
- Mobile Network
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```htmlR. Adam Norwitt President and Chief Executive Officer
Adam Norwitt joined Amphenol in 1998 and became President in 2007 and Chief Executive Officer in 2009. He will also assume the role of Chairman of the Board effective May 2026. Prior to becoming CEO, he served as Chief Operating Officer from 2006 to 2007 and as Senior Vice President and Group General Manager of Worldwide RF and Microwave Products from 2004 to 2006. His earlier roles at the company included Group General Manager, General Manager, and Business Development Manager within various operating groups, with approximately five years spent in Asia. Mr. Norwitt trained as a corporate lawyer before joining Amphenol, holding a Juris Doctor degree from the University of Michigan Law School, a Master's in Business Administration from INSEAD, and a bachelor's degree from Georgetown University. He is credited with bringing a global, future-facing vision to Amphenol and fostering a culture of "intrapreneurship".
Craig A. Lampo Executive Vice President and Chief Financial Officer
Craig Lampo has served as Amphenol's Executive Vice President and Chief Financial Officer since 2015. Before his appointment as CFO, he was Vice President and Controller from 2004 to 2015 and Treasurer from 2004 through 2006. Mr. Lampo joined Amphenol in 2004, and prior to that, he was a senior audit manager at Deloitte & Touche LLP for two years and worked at Arthur Andersen LLP from 1993 to 2002. He is a certified public accountant and holds a Bachelor's in Accounting from the University of Connecticut.
Luc Walter President, Harsh Environment Solutions Division
Luc Walter is the President of Amphenol's Harsh Environment Solutions Division. He has been with the company since 1984. Before assuming his current role, he served as Senior Vice President and Group General Manager of Military and Aerospace Operations from 2016 to 2021. His previous positions include Group General Manager of International Military, Aerospace and Industrial Operations from 2004 to 2015, and Director of European Military & Aerospace Operations from 2000 to 2003.
William J. Doherty President, Communications Solutions Division
William J. Doherty serves as the President of the Communications Solutions Division at Amphenol. Prior to this role, he was Senior Vice President and Group General Manager of Information Communications and Commercial Products from 2016 to 2021. From 2015 to 2016, he was the Group General Manager of IT Communications Products. He has also held positions as General Manager of the high-speed products business unit and General Manager of the backplane connectors business unit within Amphenol.
Peter J. Straub President, Interconnect and Sensor Systems Division
Peter J. Straub is the President of Amphenol's Interconnect and Sensor Systems Division. Before his current role, he was Vice President and Group General Manager of Sensor Technology and served as General Manager of Advanced Sensors from 2013 to 2018. Mr. Straub joined Amphenol in 2013 through the acquisition of GE Advanced Sensors, where he had been a Product General Manager. Prior to his time at GE, which began in 2001, he held senior roles at Spirent-Keystone Thermometrics and engineering roles at Delphi and General Motors.
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The public company Amphenol (symbol: APH) faces several key risks to its business operations and financial performance. These risks stem from its reliance on diverse end markets, the rapid pace of technological advancements, and its extensive global manufacturing and sales footprint. Here are the key risks to Amphenol's business, ordered by significance:- Dependence on End Market Dynamics and Cyclicality: Amphenol's operating results are highly dependent on the dynamics and cyclical nature of its end markets, which include automotive, broadband communication, industrial, information technology and data communication (IT Datacom), military, and mobile devices. A significant slowdown or recession in one or more of these key markets could lead to reduced demand for Amphenol's connectors, sensors, and interconnect systems. This includes the potential for normalization of demand after periods of strong growth, such as in the IT Datacom market driven by AI investments.
- Technological Disruption and Obsolescence: As a designer and manufacturer of electrical, electronic, and fiber optic interconnect products, Amphenol is exposed to the risk of rapid technological change. The emergence of new technologies, evolving industry standards, or innovative alternative solutions (e.g., advanced wireless connectivity, photonic integrated circuits) could diminish the need for Amphenol's traditional physical interconnects or render its current product offerings obsolete. For instance, specific design alterations in key customer AI systems, such as NVIDIA's GB200, could lead to the substitution of Amphenol's specialized products like flyover cables with printed circuit boards, thereby shrinking its addressable market.
- Global Geopolitical and Supply Chain Risks: With significant international operations, including manufacturing and sales across numerous countries (with a notable presence in China and 65% of net sales from non-U.S. markets), Amphenol is susceptible to geopolitical tensions, changes in trade policies, tariffs, and export controls. Additionally, the company faces risks related to its supply chain, including difficulties in obtaining raw materials and components, increased costs due to inflationary pressures, and disruptions caused by natural disasters, pandemics, or regional conflicts. These factors can adversely impact production, increase operational costs, and affect profitability.
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Amphenol Corporation (APH) operates in several significant addressable markets globally for its diverse range of electrical, electronic, and fiber optic interconnect products, cable assemblies, antennas, and sensors.
The addressable markets for Amphenol's main products and services are as follows:
- Connectors (Electrical, Electronic, and Fiber Optic): The global electronic connector market was valued at approximately $78.98 billion in 2022 and is projected to reach $123.90 billion by 2032. A broader global connector market was valued at $82.2 billion in 2023 and is projected to reach $141.1 billion by 2032. Another estimate places the global connector market size at $104.12 billion in 2025, expected to reach $204.70 billion by 2034. The global fiber optic connectors market was valued at about $5.13 billion in 2024 and is expected to reach $8.42 billion by 2032. North America accounts for approximately 40% of the global fiber optic connector market, with the U.S. market specifically valued at $1.29 billion in 2024, projected to grow to $1.67 billion by 2032.
- Cable Assemblies: The global cable assembly market size was valued at $178.6 billion in 2024 and is estimated to grow to $322.6 billion by 2034. Another source indicates a market size of $193.62 billion in 2025, projected to grow to $330.64 billion by 2034. The U.S. cable assembly market was worth over $56 billion in 2024. Asia-Pacific holds the largest share of the global cable assembly market.
- Antennas: The global antenna market size was estimated at $17.46 billion in 2024 and is projected to reach $33.38 billion by 2031. Other estimates suggest the global antenna market was valued at $26.55 billion in 2024, with a projection to reach $62.09 billion by 2033. North America held a significant market share, exceeding 40% of global revenue in 2024.
- Sensors and Sensor-based Products: The global sensor market size was valued at approximately $236.75 billion in 2024 and is projected to reach $557.44 billion by 2032. Another source states the global sensor market size was $241.06 billion in 2025 and is projected to grow to $527.94 billion by 2034. The Asia-Pacific region dominated the global market with a 44.60% share in 2025.
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Amphenol (APH) is expected to drive future revenue growth over the next 2-3 years through several key strategies and market trends:- Strategic Acquisitions: Amphenol consistently leverages a disciplined acquisition strategy to broaden its product portfolio, penetrate new geographic markets, and integrate new technologies. Recent and planned acquisitions, such as CommScope's Connectivity and Cable Solutions (CCS) business and Trexon, are specifically cited as significant contributors to both current and future revenue growth and enhanced market positioning.
- Expansion into High-Growth End Markets: The company is strategically focused on, and benefiting from, robust demand in burgeoning markets. This includes the IT datacom market, particularly driven by AI infrastructure, as well as segments like electric vehicles, commercial aerospace, healthcare, industrial automation, and next-generation communication networks.
- Technological Leadership and Product Innovation: Amphenol's commitment to developing high-technology, performance-enhancing solutions is a core driver. Its expertise in areas such as high-speed, power, fiber optics, radio frequency interconnects, antennas, and sensors positions it to meet the evolving demands of advanced systems, including 5G, AI, and machine learning.
- Market Diversification and Global Presence: The company's extensive exposure across a wide array of end markets, including automotive, industrial, communications networks, and mobile devices, along with its global operational footprint, enables it to capitalize on diverse growth opportunities within the global electronics ecosystem. This diversification helps to stabilize financial performance by reducing reliance on any single industry cycle.
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Share Repurchases
- Amphenol repurchased approximately $665.18 million of its common stock in 2025, $689.32 million in 2024, $585.09 million in 2023, $730.49 million in 2022, and $689.71 million in 2021.
- Total capital returned to shareholders, including dividends and share buybacks, was nearly $1.5 billion in 2025 and approximately $1.3 billion in 2024.
Share Issuance
- Amphenol's shares outstanding have shown slight increases in recent years; for example, 2025 shares outstanding increased by 1.1% from 2024, and 2024 shares outstanding increased by 1.8% from 2023.
Outbound Investments
- In January 2026, Amphenol completed the acquisition of CommScope's Connectivity and Cable Solutions (CCS) business, an agreement that was announced in August 2025, for approximately $10.5 billion in cash.
- Amphenol completed five acquisitions during 2025, including Trexon for approximately $1 billion in cash, Narda-MITEQ, LifeSync, and Rochester Sensors, which collectively expanded its portfolio and market reach.
- During 2024, the company completed the acquisitions of Carlisle Interconnect Technologies (CIT) and Luetze.
Capital Expenditures
- Amphenol's capital expenditures were $996.6 million in 2025, $665.4 million in 2024, $372.8 million in 2023, $383.8 million in 2022, and $360.4 million in 2021.
- Expected capital expenditures are forecast to be $1,230 million in 2026, $1,307 million in 2027, and $1,428 million in 2028.
- These expenditures are primarily focused on developing enabling technologies for customers, product innovations, and supporting acquisitions and business development.
Latest Trefis Analyses
Trade Ideas
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|---|---|---|---|---|---|---|---|
| 03312026 | PANW | Palo Alto Networks | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 03312026 | ALKT | Alkami Technology | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 03272026 | DBX | Dropbox | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 2.6% | 2.6% | 0.0% |
| 03272026 | DLB | Dolby Laboratories | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 03272026 | PTC | PTC | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 3.5% | 3.5% | 0.0% |
| 02132026 | APH | Amphenol | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | -13.7% | -13.7% | -18.6% |
| 11302023 | APH | Amphenol | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 46.9% | 61.0% | 0.0% |
| 05312021 | APH | Amphenol | Insider | Insider Buys | Low D/EStrong Insider BuyingCompanies with strong insider buying in the last 1 month, positive operating income and reasonable debt / market cap | 23.8% | 6.3% | -1.5% |
Research & Analysis
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Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 145.94 |
| Mkt Cap | 42.9 |
| Rev LTM | 17,162 |
| Op Inc LTM | 2,148 |
| FCF LTM | 1,471 |
| FCF 3Y Avg | 1,190 |
| CFO LTM | 2,440 |
| CFO 3Y Avg | 2,194 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 17.9% |
| Rev Chg 3Y Avg | 5.1% |
| Rev Chg Q | 17.5% |
| QoQ Delta Rev Chg LTM | 4.1% |
| Op Inc Chg LTM | 20.9% |
| Op Inc Chg 3Y Avg | 21.9% |
| Op Mgn LTM | 15.2% |
| Op Mgn 3Y Avg | 14.2% |
| QoQ Delta Op Mgn LTM | 0.4% |
| CFO/Rev LTM | 15.2% |
| CFO/Rev 3Y Avg | 16.5% |
| FCF/Rev LTM | 9.3% |
| FCF/Rev 3Y Avg | 11.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 42.9 |
| P/S | 4.6 |
| P/Op Inc | 23.7 |
| P/EBIT | 23.8 |
| P/E | 37.7 |
| P/CFO | 24.5 |
| Total Yield | 3.1% |
| Dividend Yield | 0.4% |
| FCF Yield 3Y Avg | 4.0% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 12.5% |
| 3M Rtn | 8.0% |
| 6M Rtn | 13.0% |
| 12M Rtn | 75.0% |
| 3Y Rtn | 157.2% |
| 1M Excs Rtn | 3.8% |
| 3M Excs Rtn | 4.4% |
| 6M Excs Rtn | 8.5% |
| 12M Excs Rtn | 52.7% |
| 3Y Excs Rtn | 80.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Communications Solutions | 4,963 | 5,732 | 4,832 | ||
| Interconnect and Sensor Systems | 4,129 | 3,881 | 3,292 | ||
| Harsh Environment Solutions | 3,622 | 3,185 | 2,752 | ||
| Intersegment | -159 | -175 | -97 | -87 | |
| Cable Products and Solutions | 407 | 437 | |||
| Corporate / Other | 0 | 0 | |||
| Interconnect Products and Assemblies | 8,288 | 7,876 | |||
| Total | 12,555 | 12,623 | 10,876 | 8,599 | 8,225 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Communications Solutions | 1,064 | 1,246 | 1,023 | ||
| Harsh Environment Solutions | 944 | 802 | 708 | ||
| Interconnect and Sensor Systems | 754 | 716 | 588 | ||
| Amortization of acquisition-related inventory step-up costs | 0 | ||||
| Acquisition-related expenses | -35 | -22 | -70 | -12 | -25 |
| Other operating expenses | -68 | -67 | -61 | -56 | -55 |
| Stock-based compensation expense | -99 | -90 | -83 | -70 | -63 |
| Cable Products and Solutions | 35 | 40 | |||
| Interconnect Products and Assemblies | 1,741 | 1,723 | |||
| Total | 2,560 | 2,586 | 2,105 | 1,638 | 1,619 |
Price Behavior
Price Behavior
| Market Price | $149.71 | |
| Market Cap ($ Bil) | 183.5 | |
| First Trading Date | 11/08/1991 | |
| Distance from 52W High | -9.8% | |
| 50 Days | 200 Days | |
| DMA Price | $138.43 | $129.60 |
| DMA Trend | up | down |
| Distance from DMA | 8.1% | 15.5% |
| 3M | 1YR | |
| Volatility | 57.1% | 37.4% |
| Downside Capture | 1.56 | 0.91 |
| Upside Capture | 207.96 | 192.94 |
| Correlation (SPY) | 52.2% | 56.1% |
APH Betas & Captures as of 3/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.26 | 2.31 | 2.18 | 2.00 | 1.32 | 1.36 |
| Up Beta | 9.10 | 4.36 | 2.61 | 2.06 | 1.11 | 1.17 |
| Down Beta | 2.96 | 1.68 | 0.87 | 1.31 | 1.13 | 1.30 |
| Up Capture | 56% | 215% | 345% | 324% | 321% | 530% |
| Bmk +ve Days | 7 | 16 | 27 | 65 | 139 | 424 |
| Stock +ve Days | 11 | 20 | 32 | 68 | 148 | 411 |
| Down Capture | 175% | 205% | 218% | 179% | 127% | 108% |
| Bmk -ve Days | 12 | 23 | 33 | 58 | 110 | 323 |
| Stock -ve Days | 11 | 22 | 31 | 58 | 104 | 338 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APH | |
|---|---|---|---|---|
| APH | 112.5% | 37.9% | 2.06 | - |
| Sector ETF (XLK) | 62.8% | 20.7% | 2.25 | 60.7% |
| Equity (SPY) | 34.0% | 12.6% | 2.05 | 55.8% |
| Gold (GLD) | 42.9% | 27.2% | 1.29 | 13.0% |
| Commodities (DBC) | 46.4% | 18.0% | 1.97 | -6.8% |
| Real Estate (VNQ) | 14.2% | 13.3% | 0.74 | 20.1% |
| Bitcoin (BTCUSD) | -16.6% | 42.1% | -0.32 | 26.8% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APH | |
|---|---|---|---|---|
| APH | 36.0% | 29.6% | 1.07 | - |
| Sector ETF (XLK) | 18.5% | 24.8% | 0.67 | 72.7% |
| Equity (SPY) | 12.7% | 17.1% | 0.58 | 70.6% |
| Gold (GLD) | 21.2% | 17.8% | 0.97 | 13.5% |
| Commodities (DBC) | 14.5% | 19.1% | 0.62 | 14.1% |
| Real Estate (VNQ) | 3.7% | 18.8% | 0.10 | 44.3% |
| Bitcoin (BTCUSD) | 7.0% | 56.3% | 0.34 | 28.0% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with APH | |
|---|---|---|---|---|
| APH | 27.3% | 27.2% | 0.92 | - |
| Sector ETF (XLK) | 23.2% | 24.4% | 0.87 | 74.0% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 74.9% |
| Gold (GLD) | 13.9% | 15.9% | 0.73 | 8.7% |
| Commodities (DBC) | 10.1% | 17.8% | 0.47 | 24.0% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.23 | 52.9% |
| Bitcoin (BTCUSD) | 68.3% | 66.9% | 1.07 | 19.9% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 1/28/2026 | -12.2% | -11.5% | -10.7% |
| 10/22/2025 | 3.6% | 10.3% | 9.8% |
| 7/23/2025 | -1.1% | 3.5% | 6.7% |
| 4/23/2025 | 8.2% | 16.6% | 30.3% |
| 1/22/2025 | 7.0% | -5.7% | -4.6% |
| 10/23/2024 | 2.4% | 3.0% | 6.0% |
| 7/24/2024 | -6.4% | -6.5% | 1.4% |
| 4/24/2024 | 1.8% | 5.7% | 17.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 16 | 18 | 17 |
| # Negative | 8 | 6 | 7 |
| Median Positive | 2.4% | 4.9% | 8.7% |
| Median Negative | -2.4% | -4.5% | -2.5% |
| Max Positive | 8.2% | 16.6% | 30.3% |
| Max Negative | -12.2% | -11.5% | -10.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 02/11/2026 | 10-K |
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/25/2025 | 10-Q |
| 03/31/2025 | 04/25/2025 | 10-Q |
| 12/31/2024 | 02/07/2025 | 10-K |
| 09/30/2024 | 10/25/2024 | 10-Q |
| 06/30/2024 | 07/26/2024 | 10-Q |
| 03/31/2024 | 04/26/2024 | 10-Q |
| 12/31/2023 | 02/07/2024 | 10-K |
| 09/30/2023 | 10/27/2023 | 10-Q |
| 06/30/2023 | 07/28/2023 | 10-Q |
| 03/31/2023 | 04/28/2023 | 10-Q |
| 12/31/2022 | 02/08/2023 | 10-K |
| 09/30/2022 | 10/28/2022 | 10-Q |
| 06/30/2022 | 07/29/2022 | 10-Q |
| 03/31/2022 | 04/29/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q4 2025 Earnings Reported 1/28/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 6.90 Bil | 6.95 Bil | 7.00 Bil | ||||
| Q1 2026 Adjusted Diluted EPS | 0.91 | 0.92 | 0.93 | ||||
| 2026 CCS Business Sales | 4.10 Bil | ||||||
| 2026 CCS Business Adjusted Diluted EPS Accretion | 0.15 | ||||||
Prior: Q3 2025 Earnings Reported 10/22/2025
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 Revenue | 6.00 Bil | 6.05 Bil | 6.10 Bil | 11.0% | Higher New | Guidance: 5.45 Bil for Q3 2025 | |
| Q4 2025 EPS | 0.89 | 0.9 | 0.91 | 15.4% | Higher New | Guidance: 0.78 for Q3 2025 | |
| 2025 Revenue | 22.66 Bil | 22.71 Bil | 22.76 Bil | ||||
| 2025 EPS | 3.26 | 3.27 | 3.28 | ||||
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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