Amphenol Stock Surged 100%, Here’s Why

APH: Amphenol logo
APH
Amphenol

Over the past year, Amphenol (APH)’s stock more than doubled, propelled by a winning streak of quarterly earnings beats, a dividend hike, and a sharp revenue jump that enhanced profitability and investor optimism. Let’s unpack the key catalysts behind this remarkable 103% rally.

Below is an analytical breakdown of stock movement into key contributing metrics.

  1302025 1302026 Change
Stock Price ($) 71.1 144.1 102.6%
Change Contribution By:
Total Revenues ($ Mil) 14,232.3 20,973.5 47.4%
Net Income Margin (%) 15.4% 18.2% 18.3%
P/E Multiple 39.1 46.1 17.9%
Shares Outstanding (Mil) 1,204.9 1,221.8 -1.4%
Cumulative Contribution 102.6%

So what is happening here? The stock price surged 103%, driven by a 47% boost in revenue, an 18% rise in net margin, and another 18% lift in P/E multiple. Let’s dive into the key moves behind these gains.

Here Is Why Amphenol Stock Moved

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  • Q4 2024 Earnings Beat: Amphenol reported Q4 2024 EPS of $0.55, beating estimates of $0.50. Revenue also topped forecasts.
  • Q1 2025 Earnings Beat: Q1 2025 EPS of $0.63 exceeded $0.52 estimates, driving stock upward. Revenue also beat.
  • Q2 2025 Earnings Beat: Amphenol reported record Q2 2025 EPS of $0.81, beating forecasts. Sales and organic growth were strong.
  • Q3 2025 Earnings Beat & Div Hike: Q3 2025 EPS of $0.93 surpassed estimates. Company raised quarterly dividend by 52%.
  • Q4 2025 Earnings & Outlook: Amphenol posted record Q4 2025 EPS of $0.97 and revenue of $6.44B, exceeding estimates. Provided strong Q1 2026 guidance.

Our Current Assesment Of APH Stock

Opinion: We currently find APH stock attractive but volatile. Why so? Have a look at the full story. Read Buy or Sell APH Stock to see what drives our current opinion.

Risk: A good way to gauge risk is to check how much APH fell in past market meltdowns. It plunged about 57.5% in the Dot-Com crash and nearly 63.5% in the Global Financial Crisis. Even the more recent shocks weren’t kind — a 37.5% drop during the Covid sell-off and almost 29% in the inflation shock. The 2018 correction hit it for over 22%. So, no matter the positives, when the market turns south, APH isn’t immune to steep pullbacks.

APH stock may have seen strong gains recently, but investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.