Amphenol (APH) financials
NYSE · Technology · Hardware, Equipment & Parts · 170,000 employees · CEO Richard Adam Norwitt
- Price
- $79.30 -3.39%
- Market cap
- $196B
- Enterprise value
- $209B
- Last report
- Q3 '26 filed 2026-10-30
- Next report
- 2027-01-27 EPS est. $0.80
Revenue (TTM)$33B+57.6% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)27.9%+3.2 pp vs a year agoOperating income $9.21B
Net income (TTM)$5.94B+55.5% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$5.12B+44.0% vs a year agoCapex $1.36B
Diluted EPS (TTM)$2.30+53.7% vs a year agoSum of the last 4 quarters
Net cash-$12.6B-200.8% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $196B EV $209B
- Revenue
- $33B Trailing 12 months
- Revenue growth
- +60% FY2026 consensus
- Profit margin
- 18.0% Net income / revenue, TTM
- P/E
- 32.9× Forward 28.3× (FY2026)
- P/S
- 5.9× Price / sales, TTM
- EV / EBITDA
- 19.6× TTM
- Free cash flow
- $5.12B Trailing 12 months
- Net income
- $5.94B Trailing 12 months
- Revenue estimate
- $37B FY2026 consensus
- Earnings
- 2027-01-27 Revenue est. $10.4B
- Dividend
- $0.92 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-28): revenue beat by 7.8%, EPS beat by 9.7%Revenue $10.2B vs $9.49B expected (+7.8%); EPS $0.80 vs $0.73 (+9.7%).
- Revenue growth accelerating: 65.1% year on yearQ3 '26 revenue $10.2B, against an average of 54.0% over the four quarters before.
- Operating margin 27.9% (TTM), +3.2 pp on a year agoOperating income grew 78.2% while revenue grew 57.6%.
- Capex 4.1% of revenue (a year ago 4.5%)$1.36B invested in the last 4 quarters (+44.1% on a year earlier). Free cash flow $5.12B = 86.2% of net income.
- Returned $1.93B to shareholders = 37.6% of free cash flowBuybacks $802M (a year earlier $169M), dividends $1.12B, stock-based pay $167M (TTM).
- Diluted share count up 0.7% in a year2.58B diluted shares in Q3 '26, 2.57B a year earlier.
- Net debt $12.6BCash + short-term investments $5.3B, debt incl. leases $17.9B; a year ago net debt $4.18B.
- Communications Solutions Segment: revenue +98.9%, margin 33.1% (was 32.7%)Fastest-growing reported segment in Q3 '26: operating income $2.18B on revenue $6.58B (from the segment note of the filing).
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $10.2B | $6.19B | +65.1% |
| Gross margin | 39.3% | 38.1% | +1.2 pp |
| Operating income | $3.02B | $1.7B | +77.5% |
| Operating margin | 29.5% | 27.5% | +2.0 pp |
| Net income | $2.03B | $1.25B | +63.3% |
| Diluted EPS | $0.79 | $0.49 | +62.9% |
| Operating cash flow | $2.08B | $1.47B | +41.3% |
| Capex | $457M | $257M | +77.8% |
| Free cash flow | $1.62B | $1.21B | +33.6% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $47M | $36.9M | +27.4% |
Reported vs consensus
2026-10-28| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $10.2B | $9.49B | +7.8% |
| EPS (as estimated) | $0.80 | $0.73 | +9.7% |
From the report of 2026-10-28 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by business line
stacked, quarterly| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Communications Solutions | $6.63B | +100.3% | 64.1% | $20.1B | +89.8% | |
| Harsh Environment Solutions | $2.09B | +37.7% | 20.2% | $7.48B | +34.1% | |
| Interconnect Products And Assemblies | $1.63B | +19.3% | 15.8% | $6.02B | – |
Revenue by region
share of total| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| Other Foreign Locations | $4.82B | +58.5% | 47.1% | – | – | |
| U [S] | $3.97B | +80.0% | 38.8% | – | – | |
| C [N] | $1.44B | +51.9% | 14.1% | – | – |
Segment profits
Operating income per reported segment, read from the segment note of each 10-Q / 10-K (the profit split most data feeds leave out).
Segments in Q3 '26
| Segment | Revenue | y/y | Operating income | y/y | Margin | Margin a year ago | TTM operating income |
|---|---|---|---|---|---|---|---|
| Communications Solutions Segment | $6.58B | +98.9% | $2.18B | +101.6% | 33.1% | 32.7% | $6.49B |
| Harsh Environment Solutions Segment | $2.04B | +34.7% | $615M | +49.7% | 30.1% | 27.1% | $2.1B |
| Interconnect And Sensor Systems | $1.6B | +17.2% | $321M | +16.9% | 20.0% | 20.0% | $1.2B |
Operating income by segment
quarterlySegment operating margin
quarterlyFourth quarters are derived: the 10-K reports the full year, minus the three quarters of the 10-Qs.
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $6.48B
- Capex
- -$1.36B
- Buybacks
- -$802M
- Dividends
- -$1.12B
- Acquisitions
- -$12.1B
- Net debt issued
- $9.87B
- Stock-based compensation
- $167M
- Free cash flow
- $5.12B
- Returned to shareholders / FCF
- 37.6%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 32.9× | 32.1× | 23.8× – 38.5× |
| EV / EBITDA | 19.6× | 21.4× | 16.4× – 24.2× |
| EV / Sales | 6.3× | 5.4× | 3.9× – 7.3× |
| Price / FCF | 38.2× | 34.7× | 25.4× – 44.3× |
| Price / Book | 11.4× | 8.5× | 6.5× – 12.3× |
| FCF yield | 2.6% | 3.0% | 2.3% – 3.9% |
| Return on invested capital | 17.2% | 14.9% | 14.0% – 15.9% |
| Return on equity | 39.6% | 26.4% | 23.1% – 31.8% |
Analysts
Consensus target $103.33 (+30.3%)
range $99.00 – $116.00 · rating Buy
Strong buy0
Buy16
Hold13
Sell1
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $37B | +60.2% | $2.80 | +67.7% | 28.3× | 9 |
| FY2027 | $45.6B | +23.2% | $3.59 | +28.3% | 22.1× | 11 |
| FY2028 | $52.7B | +15.7% | $4.24 | +18.1% | 18.7× | 5 |
| FY2029 | $58.8B | +11.5% | $4.99 | +17.5% | 15.9× | 1 |
| FY2030 | $63B | +7.1% | $5.27 | +5.7% | 15.0× | 1 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 242 figures Amphenol Corporation tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $4.87B | $2.46B | +97.8% | $2.66B | $1.82B | +46.3% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $7.78B | $4.54B | +71.3% | $4.72B | $3.29B | +43.5% |
| Accounts Receivable, Allowance for Credit Loss, Current | $99.8M | $102M | -1.8% | $99.3M | $66.5M | +49.3% |
| Accrued Income Taxes, Current | $514M | $253M | +103.1% | $483M | $199M | +142.7% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $3.68B | $2.95B | +24.7% | $3.1B | $2.46B | +25.6% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$376M | -$508M | +26.0% | -$480M | -$716M | +33.1% |
| Additional Paid in Capital, Common Stock | $4.62B | $4.09B | +12.8% | $4.23B | $3.6B | +17.5% |
| Amortization of Intangible Assets | $99.5M | $46M | +116.3% | $192M | $155M | +24.1% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 12.7M | 10.6M | +19.8% | 5.6M | 4.8M | +16.7% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $47M | $36.9M | +27.4% | $135M | $110M | +23.7% |
| Assets | $47B | $27.1B | +73.2% | $36.2B | $21.4B | +69.0% |
| Assets, Current | $19.5B | $12.4B | +57.3% | $20.3B | $9.69B | +109.2% |
| Buildings and Improvements, Gross | $702M2025-12-31 | $543M | +29.4% | $702M | $543M | +29.4% |
| Business Combination, Bargain Purchase, Gain Recognized, Amount | – | – | – | $0 | $0 | – |
| Capital Expenditures Incurred but Not yet Paid | – | – | – | $207M | $163M | +26.8% |
| Cash and Cash Equivalents, at Carrying Value | $4.17B | $3.8B | +9.8% | $11.1B | $3.32B | +235.6% |
| Cash, Cash Equivalents, and Short-term Investments | $5.3B | $3.89B | +36.3% | $11.4B | $3.34B | +242.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $4.17B | $3.8B | +9.8% | $11.1B | $3.32B | +235.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$556M | $592M | -193.9% | $7.81B | $1.84B | +324.2% |
| Common Stock, Dividends, Per Share, Declared | $0.13 | $0.08 | +51.5% | $0.75 | $0.55 | +35.5% |
| Common Stock, Par or Stated Value Per Share | $0.002026-09-02 | – | – | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 5B2025-12-31 | 2B | +150.0% | 5B | 2B | +150.0% |
| Common Stock, Shares, Issued | 1.23B2025-12-31 | 1.21B | +1.3% | 1.23B | 1.21B | +1.3% |
| Common Stock, Shares, Outstanding | 1.23B2025-12-31 | 1.21B | +1.4% | 1.23B | 1.21B | +1.4% |
| Common Stock, Value, Issued | $2.5M | $1.2M | +108.3% | $1.2M | $1.2M | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $21.3M | $9.8M | +117.3% | $39.2M | $15.8M | +148.1% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $2.06B | $1.21B | +70.8% | $4.51B | $2.24B | +101.1% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | $2.08B | $1.22B | +71.2% | $4.55B | $2.26B | +101.4% |
| Cost of Revenue | $6.21B | $3.84B | +62.0% | $14.6B | $10.1B | +44.6% |
| Current Federal Tax Expense (Benefit) | – | – | – | $179M | $22.8M | +686.8% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.15B | $634M | +81.2% |
| Current Income Tax Expense (Benefit) | – | – | – | $1.36B | $653M | +108.4% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $32.4M | -$3.8M | +952.6% |
| Debt Instrument, Fair Value Disclosure | $17B | $8.05B | +111.4% | $15.4B | $6.66B | +131.5% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$152M | -$53.9M | -182.6% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $99.5M | -$26.6M | +474.1% |
| Deferred Income Tax Expense (Benefit) | -$38.2M | -$5.1M | -649.0% | -$65.6M | -$82.8M | +20.8% |
| Deferred Income Tax Liabilities, Net | $1.37B | $378M | +263.3% | $433M | $377M | +14.9% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$12.8M | -$2.3M | -456.5% |
| Deferred Tax Assets, Deferred Income | $63.8M2025-12-31 | $0 | – | $63.8M | $0 | – |
| Deferred Tax Assets, Gross | $735M2025-12-31 | $488M | +50.6% | $735M | $488M | +50.6% |
| Deferred Tax Assets, Inventory | $138M2025-12-31 | $112M | +23.6% | $138M | $112M | +23.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $648M2025-12-31 | $415M | +56.1% | $648M | $415M | +56.1% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Employee Benefits | $56.4M2025-12-31 | $49.5M | +13.9% | $56.4M | $49.5M | +13.9% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Pensions | $6.9M2025-12-31 | $10.2M | -32.4% | $6.9M | $10.2M | -32.4% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals | $204M2025-12-31 | $116M | +76.7% | $204M | $116M | +76.7% |
| Deferred Tax Assets, Valuation Allowance | $87.6M2025-12-31 | $73.6M | +19.0% | $87.6M | $73.6M | +19.0% |
| Deferred Tax Liabilities, Goodwill | $343M2025-12-31 | $307M | +11.7% | $343M | $307M | +11.7% |
| Deferred Tax Liabilities, Gross | $899M2025-12-31 | $663M | +35.6% | $899M | $663M | +35.6% |
| Deferred Tax Liabilities, Leasing Arrangements | $122M2025-12-31 | $86.2M | +41.0% | $122M | $86.2M | +41.0% |
| Deferred Tax Liabilities, Net | $251M2025-12-31 | $248M | +1.3% | $251M | $248M | +1.3% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $168M2025-12-31 | $144M | +16.8% | $168M | $144M | +16.8% |
| Deferred Tax Liabilities, Undistributed Foreign Earnings | $266M2025-12-31 | $125M | +112.4% | $266M | $125M | +112.4% |
| Defined Contribution Plan, Cost | – | – | – | $35.9M | $24.7M | +45.3% |
| Defined Contribution Plan, Employer Matching Contribution, Percent of Match | – | – | – | 7.0% | 7.0% | 0.0% |
| Depreciation | – | – | – | $640M | $391M | +63.9% |
| Depreciation, Depletion and Amortization | $348M | $228M | +52.7% | $922M | $573M | +61.1% |
| Dividends Payable, Current | $309M | $202M | +52.8% | $307M | $200M | +53.7% |
| Dividends, Common Stock, Cash | $309M | $202M | +52.8% | $909M | $663M | +37.2% |
| Earnings Per Share, Basic | $0.82 | $0.51 | +60.8% | $3.51 | $2.01 | +74.6% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01