$APH · AMPHENOL CORP /DE/
Amphenol reported Q3 FY2026 results with record sales of $10.23B (+65% YoY), GAAP Diluted EPS of $0.79, and Adjusted Diluted EPS of $0.80. The company also announced a 20% quarterly dividend increase to $0.15 per share and a new $4B three-year stock repurchase program effective January 1, 2027. Q4 guidance calls for sales of $10.3B-$10.5B and Adjusted Diluted EPS of $0.81-$0.83.
- Q3 sales of $10.23B, up 65% YoY with 37% organic growth, driven by exceptional IT datacom demand
- Record orders of $12.2B produced a 1.19:1 book-to-bill ratio
- Adjusted Diluted EPS of $0.80, up 74% YoY, exceeding the high end of guidance
- Quarterly dividend raised 20% to $0.15/share; new $4B three-year buyback authorized starting January 1, 2027
- CommScope acquisition now expected to deliver $5.1B in full-year 2026 sales, up from prior $4.6B estimate
Stock up 2.94% to $80.51 in regular trading, adding to a modest +0.37% gain since filing. The $198.53B market cap reflects strong investor approval of the beat-and-raise quarter, dividend hike, and aggressive $4B buyback authorization.
Amphenol's beat-and-raise quarter, 1.19:1 book-to-bill, dividend hike, and $4B buyback signal exceptional confidence in sustained AI-driven connector demand and acquisition execution.
Amphenol's 37% organic growth and 1.19:1 book-to-bill underscore the massive connector demand cycle driven by AI/IT datacom buildout, far outpacing typical industrial connector peers. The CommScope integration is exceeding initial targets.
China tax exposure: $389M in income tax accruals YTD, including $130M from unfavorable Chinese tax authority determinations and $160M from reassessment of prior-year tax rate assumptions. Adjusted Effective Tax Rate raised to 27%.