Amphenol 8-K
PositiveEarningsGuidance raisedImpairment / charge
IT datacom growth and acquisitions drove the guidance beat; CommScope’s FY2026 contribution outlook was raised.
Filed 2026-07-29 10:26 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q2 2026 results with Q3 and FY2026 acquisition-related guidance. Amphenol reported record sales and adjusted diluted EPS, both above the high end of its guidance, driven by strong organic growth—especially in IT datacom—and acquisitions. The quarter included an $80M net benefit from IEEPA tariff recoveries; Q3 guidance assumes no additional recoveries.
Key Figures
| Metric | Q2 2026 | Q2 2025 | Y/Y |
|---|---|---|---|
| Revenue | $8.76B | $5.65B | +55% |
| Operating income | $2.58B | $1.42B | +82% |
| Net income attributable to Amphenol Corporation | $1.77B | $1.09B | +62% |
| Diluted EPS | $1.37 | $0.86 | +59% |
| Adjusted diluted EPS, non-GAAP | $1.35 | $0.81 | +67% |
| Operating cash flow | $1.56B | $1.42B | +10% |
| Free cash flow, non-GAAP | $1.21B | $1.12B | +7.5% |
- Organic sales growth was 30%; acquisitions contributed 24 percentage points and foreign currency 1 percentage point to reported growth. GAAP and adjusted operating margins were 29.5% and 29.8%, respectively; both included the $80M tariff-recovery benefit.
- H1 revenue was $16.4B (+57% Y/Y); net income attributable to Amphenol Corporation was $2.70B (+48%), diluted EPS was $2.10 (+46%) and adjusted diluted EPS was $2.42 (+68%). H1 GAAP results included $329M of discrete tax accruals, including $130M from unfavorable China tax determinations and $160M from reassessed China tax assumptions.
- Q2 orders were $10.7B, with a 1.23:1 book-to-bill. Amphenol repurchased 1.5M shares for $208M and paid $307M in dividends. At 6/30/2026, cash, cash equivalents and short-term investments totaled $5.42B and debt totaled $18.8B, vs $11.4B and $15.5B, respectively, at 12/31/2025. Acquisitions completed in Q2 were El.Com (≈$150M annual sales) and Wilder Technologies (≈$15M).
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Sales | Q3 2026 | $9.3B-$9.4B; 50%-52% Y/Y | — | — |
| Adjusted diluted EPS, non-GAAP | Q3 2026 | $1.40-$1.42; 51%-53% Y/Y | — | — |
| CommScope acquisition sales | FY2026 | $4.6B | $4.1B | Raised |
| CommScope acquisition adjusted diluted EPS accretion, non-GAAP | FY2026 | $0.30 | $0.15 | Raised |
Q3 outlook assumes current market conditions and constant exchange rates.
Investor Takeaways
- Watch Q3 sales and adjusted diluted EPS against the guided ranges; the outlook depends on current market conditions and excludes additional tariff recoveries.
- Track CommScope’s FY2026 sales and adjusted EPS contribution against the raised expectations.
The summary is written by an AI model reading the filing.
Model 005 · prompt 01d34d48e3