Amphenol Corporation

Latest Results (29.01.2026):

Amphenol Corporation reported record results for the third quarter of 2025, with consolidated sales of $6.19 billion, strong margin expansion and double‑digit EPS growth. The company delivered robust cash generation, returned capital to shareholders, completed an acquisition, and raised its quarterly dividend.

Sales and growth

Q3 2025 net sales were $6,194.4 million, up 53% in U.S. dollars versus Q3 2024 and up 41% organically. By segment: Communications Solutions $3,309.5M (up 96% YoY), Harsh Environment Solutions $1,515.8M (up 27%), Interconnect & Sensor Systems $1,369.1M (up 18%).

Profitability and EPS

GAAP diluted EPS was $0.97 (up 102% YoY); Adjusted diluted EPS was $0.93 (up 86% YoY). Consolidated GAAP and adjusted operating margin was 27.5% for the quarter. Net income attributable to Amphenol was $1,245.7 million for Q3 2025.

Cash flow and balance sheet

Operating cash flow for the quarter was $1,470.8 million and free cash flow was $1,215.5 million. Cash and short‑term investments totaled $3,888.1 million at September 30, 2025; total assets were $27.14 billion and total debt (long‑term plus current portion) was about $8.07 billion.

Capital return and dividend

During Q3 the company repurchased 1.4 million shares for $153 million and paid $201 million of dividends, returning roughly $354 million to shareholders in the quarter. On October 21, 2025 the Board approved a 52% increase in the quarterly dividend to $0.25 per share (payable Jan 7, 2026; record date Dec 16, 2025).

Acquisitions and strategic activity

Amphenol completed the acquisition of Rochester Sensors in August 2025 (Dallas‑based, ~ $100M annual sales), which is included in the Interconnect and Sensor Systems segment. The company reiterated planned purchases of CCS (from CommScope) and Trexon, with Trexon expected to close by end of Q4 2025 and CCS expected to close by end of Q1 2026.

Outlook

Q4 2025 guidance: expected sales $6.0–$6.1 billion (up ~39–41% YoY) and Adjusted diluted EPS $0.89–$0.91 (up ~62–65% YoY). Full‑year 2025 outlook: sales $22.66–$22.76 billion (up ~49–50%) and Adjusted diluted EPS $3.26–$3.28 (up ~72–74%). Guidance excludes the impact of acquisitions not yet closed.