Amphenol Corporation

Latest Results (16.12.2025):

Amphenol Corporation reported record results for the third quarter of 2025, with consolidated net sales of $6.194 billion (up 53% in U.S. dollars, 41% organic), GAAP diluted EPS of $0.97 (up 102% year-over-year) and adjusted diluted EPS of $0.93 (up 86%). The company delivered a record consolidated operating margin of 27.5% and strong cash generation in Q3 2025.

Revenue and growth

Q3 2025 sales were $6.194 billion, +53% vs Q3 2024 in U.S. dollars and +41% on an organic basis. By segment: Communications Solutions $3.309B (+96% y/y), Harsh Environment Solutions $1.516B, and Interconnect & Sensor Systems $1.369B.

Earnings per share

GAAP diluted EPS was $0.97 for Q3 2025 (vs $0.48 prior year). Adjusted diluted EPS was $0.93 for Q3 2025 (vs $0.50 prior year), excluding acquisition-related items and certain tax items as reconciled in the release.

Profitability

Consolidated operating margin was 27.5% (GAAP and adjusted). Segment operating margins: Communications Solutions 32.7%, Harsh Environment Solutions 27.1%, Interconnect & Sensor Systems 20.0% for the quarter.

Cash flow and capital return

Operating cash flow was $1.471 billion and free cash flow $1.216 billion in Q3 2025. During the quarter Amphenol repurchased 1.4 million shares for $153 million and paid $201 million in dividends, returning about $354 million to shareholders.

Balance sheet highlights

As of September 30, 2025, cash and cash equivalents were $3.799 billion and total assets were $27.143 billion. Long-term debt (less current portion) was $7.129 billion.

Acquisitions and corporate actions

The company completed the Rochester Sensors acquisition in August 2025 (annual sales ~ $100 million; placed in Interconnect & Sensor Systems). Amphenol reiterated pending acquisitions: Trexon expected to close by end of Q4 2025 and the CCS business (from CommScope) expected by end of Q1 2026.

Dividend

On October 21, 2025, Amphenol’s Board approved a 52% increase in the quarterly dividend to $0.25 per share (from $0.165). The dividend is payable January 7, 2026 to holders of record as of December 16, 2025.

Outlook

Assuming current market conditions and constant FX, Amphenol expects Q4 2025 sales of $6.0–$6.1 billion (+39% to +41% y/y) and adjusted diluted EPS of $0.89–$0.91 (+62% to +65% y/y). Full-year 2025 guidance: sales $22.66–$22.76 billion (+49% to +50%) and adjusted diluted EPS $3.26–$3.28 (+72% to +74%).