Results
AmphenolNews Release
AMPHENOL REPORTS RECORD THIRD QUARTER 2026 RESULTS
AND ANNOUNCES DIVIDEND INCREASE AND NEW STOCK
REPURCHASE PROGRAM
Third Quarter 2026 Highlights:
7Sales of $10.2 billion, up 65% in U.S. dollars and 37% organically compared to the third quarter of 2025
Orders of $12.2 billion, resulting in a book-to-bill of 1.19:1
GAAP Diluted EPS of $0.79, up 61% compared to prior year
Adjusted Diluted EPS of $0.80, up 74% compared to prior year
GAAP and Adjusted Operating Margin of 29.5% and 29.7% , respectively
Operating and Free Cash Flow of $2.1 billion and $1.6 billion , respectively
Acquired Empire Electronics and signed definitive agreements to acquire AdvancedPCB, Dexgreen Limited and Humanetics Sensors
Increases quarterly dividend by 20% to $0.15 per share
Announces a new three-year, $4 billion stock repurchase program
Wallingford, Connecticut, October 28, 2026.
4Amphenol Corporation (NYSE: APH) today reported record third quarter 2026 results.
“We are pleased to have closed the third quarter of 2026 with record sales and Adjusted Diluted EPS, both exceeding the high end of our guidance,” said Amphenol Chairman and Chief Executive Officer, R. Adam Norwitt.
8“Sales increased from prior year by 65%, driven by strong organic growth in most of our end markets, including continued exceptional organic growth in the IT datacom market, as well as contributions from the Company’s acquisition program.
We also booked record orders in the quarter, resulting in a book-to-bill of 1.19:1.
The Company realized strong profitability during the quarter with Adjusted Operating Margin reaching 29.7%.
We are extremely proud of the Company’s outstanding performance.”
The Company continues to deploy its financial strength in a variety of ways to increase shareholder value.
During the third quarter, the Company purchased 3.0 million shares of its common stock for $245 million and paid dividends of $308 million, resulting in total capital returned to shareholders of $553 million.
Amphenol remains focused on expanding its growth opportunities through a deep commitment to developing enabling technologies for customers across our served end markets, an ongoing strategy of market and geographic diversification as well as an active and successful acquisition program.
To that end, Amphenol is excited to have closed on the acquisition of Empire Electronics at the beginning of September.
Empire Electronics is a leading manufacturer of complex interconnect assemblies for the Automotive market, with a particular focus on automotive lighting-related products.
Headquartered in Michigan, Empire Electronics is expected to generate full-year 2026 sales of approximately $320 million.
The business is included in the Interconnect and Sensor Systems segment.
In addition, Amphenol signed definitive agreements to acquire three additional companies: AdvancedPCB, Dexgreen Limited (Dexgreen) and the sensor business from Humanetics (Humanetics Sensors).
AdvancedPCB is a U.S. manufacturer of high-technology printed circuit boards for the Defense and Industrial markets.
Headquartered in Colorado, AdvancedPCB is expected to have full-year 2026 sales of approximately $270 million and will be included in the Harsh Environment Solutions segment post-closing.
Dexgreen is a leading provider of fiber optic connectivity products primarily for European fiber-to-the-home applications in the Communications Networks market.
Headquartered in Ireland, Dexgreen is expected to generate full-year 2026 sales of approximately $90 million and will be included in the Communications Solutions segment post-closing.
Humanetics Sensors, a division of Humanetics, is a leading provider of precision force sensors, specialty fiber optic sensing products and micro-machining solutions for the Commercial Air, Defense and Industrial markets.
Humanetics Sensors is expected to generate full-year 2026 sales of approximately $70 million and will be included in the Interconnect and Sensor Systems segment post-closing.
The acquisitions of both AdvancedPCB and Humanetics Sensors are expected to close in the fourth quarter of 2026 and the acquisition of Dexgreen is expected to close in the first quarter of 2027, all subject to customary regulatory approvals and other closing conditions.
The combined purchase price for AdvancedPCB, Dexgreen, Empire Electronics and Humanetics Sensors is approximately $1.6 billion and the purchases will be financed through a combination of cash on hand and debt.
Increase in Quarterly Dividend
1On October 27, 2026, Amphenol’s Board of Directors approved a 20% increase in the Company’s quarterly dividend, to $0.15 per share from $0.125 per share.
The new dividend amount will be paid on January 13, 2027 to shareholders of record as of December 22, 2026.
New Stock Repurchase Program
The Company expects to complete all repurchases remaining under the existing three-year, $2 billion stock repurchase plan by December 31, 2026.
On October 27, 2026, the Board of Directors approved a new three-year $4 billion stock repurchase plan which will become effective on January 1, 2027.
Fourth Quarter and Full Year 2026 Outlook
5Assuming the continuation of current market conditions as well as constant exchange rates, for the fourth quarter of 2026, Amphenol expects sales to be in the range of $10.3 to $10.5 billion, representing an approximately 60% increase over the prior year quarter.
6Adjusted Diluted EPS is expected to be in the range of $0.81 to $0.83, representing a 65% to 69% increase from the fourth quarter of 2025.
3For the full year 2026, Amphenol expects sales to be in the range of $36.9 billion to $37.1 billion, representing an approximately 60% increase over prior year, while Adjusted Diluted EPS is expected to be in the range of $2.82 to $2.84, representing an approximately 70% increase over prior year.
This guidance does not include the impact of acquisitions that have not yet closed, and therefore, does not include AdvancedPCB, Dexgreen and Humanetics Sensors.
2In addition, given the continued better-than-expected performance of the CommScope business, Amphenol now expects the business to generate full-year sales of $5.1 billion and to be $0.18 accretive to the Company’s Adjusted Diluted EPS in 2026 which is reflected in our outlook.
This is above our prior expectations for sales and accretion of $4.6 billion and $0.15, respectively.
Mr. Norwitt continued, “ I am very pleased with the Company’s outstanding third quarter 2026 results The revolution in electronics continues to accelerate, with new innovations creating exciting growth opportunities for Amphenol across each of our diversified end markets.
In turn, we have expanded our range of high-technology interconnect products, both through our organic innovation efforts as well as through our successful acquisition program.
This expanded technology position coupled with our unique entrepreneurial culture has strengthened our competitive advantage.
Our ongoing drive to leverage that competitive advantage and thereby create sustained financial strength has established an excellent base for the Company’s future performance.
I am confident in the ability of our outstanding entrepreneurial management team to continue to dynamically adjust to changing market conditions, to capitalize on the wide array of growth opportunities that arise in all market cycles and to continue to generate sustainable long-term value.”
2-for-1 Stock Split
As announced on August 6, 2026, the Company’s Board of Directors approved a 2-for-1 stock split, which was paid in the form of a stock dividend to shareholders of record as of the close of business on August 17, 2026.
The additional shares were distributed on September 2, 2026 and the Company’s common stock began trading on a split-adjusted basis on September 3, 2026.
The effect of the stock split on the Company’s financial results, including all share and per share data for both the current and prior year periods, as well as the quarterly dividend is reflected in this press release.
Amphenol Corporation is one of the world’s largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial, high-speed, fiber optic and specialty cable.
Amphenol designs, manufactures and assembles its products at facilities in approximately 40 countries around the world and sells its products through its own global sales force, independent representatives and a global network of electronics distributors.
Amphenol has a diversified presence as a leader in high-growth areas of the interconnect market including: Automotive, Commercial Aerospace, Communications Networks, Defense, Industrial, Information Technology and Data Communications and Mobile Devices.
For more information, visit www.amphenol.com .
The financial statements included within this press release are prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP” or “U.S. GAAP”).
This press release also contains certain non-GAAP financial measures, including book-to-bill, Constant Currency Net Sales Growth, Organic Net Sales Growth, Adjusted Operating Income, Adjusted Operating Margin, Adjusted Net Income attributable to Amphenol Corporation, Adjusted Effective Tax Rate, Adjusted Diluted EPS and Free Cash Flow (collectively, “non-GAAP financial measures”), which are intended to supplement the reported GAAP results.
Management utilizes these non-GAAP financial measures as part of its internal reviews for purposes of monitoring, evaluating and forecasting the Company’s financial performance, communicating operating results to the Company’s Board of Directors and assessing related employee compensation measures.
Management believes that such non-GAAP financial measures may be helpful to investors in assessing the Company’s overall financial performance, trends and period-over-period comparative results.
The Company’s book-to-bill is the ratio of orders received to net sales during the period.
Constant Currency Net Sales Growth excludes the impact of foreign currency exchange rate changes.
Organic Net Sales Growth excludes the impact of foreign currency exchange rate changes and acquisitions.
Non-GAAP financial measures related to operating income, operating margin, net income attributable to Amphenol Corporation, effective tax rate and diluted EPS exclude income and expenses that are not directly related to the Company’s operating performance during the periods presented.
Items excluded in the presentation of these non-GAAP financial measures in any period may consist of, without limitation, acquisition-related expenses, refinancing-related costs, the excess tax benefits related to stock-based compensation and certain other discrete tax items including, but not limited to, (i) the impact of tax audits relating to prior periods and (ii) significant changes in tax law.
Free Cash Flow is defined as Net Cash Provided by Operating Activities less capital expenditures net of proceeds from disposals.
Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included at the end of this press release.
believes may or will occur in the future.
A further description of these uncertainties and other risks can be found in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, Quarterly Reports on Form 10-Q and the Company’s other reports filed with the Securities and Exchange Commission.
Vice President, Strategy and Investor Relations
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