Amphenol 8-K

PositiveEarningsGuidance raised

IT datacom demand and acquisitions drove sales and adjusted EPS above guidance; a new $4.0B buyback accompanies a dividend hike.

Filed 2026-10-28 09:42 ET

Summary

Q3 2026 results with Q4 and FY2026 guidance, a dividend increase and a new stock repurchase program. Record sales and adjusted diluted EPS exceeded the high end of guidance, with growth driven by strong organic performance across most end markets—especially IT datacom—and acquisition contributions. Amphenol also closed its acquisition of Empire Electronics and signed agreements for three more acquisitions. The quarterly dividend rises 20% to $0.15 per share, and a new three-year repurchase plan authorizes up to $4.0B beginning 1/1/2027.

Key Figures

Metric Q3 2026 9M 2026
Revenue $10.2B, +65% Y/Y $26.6B, +60% Y/Y
Gross margin 39.3%, vs 38.1% 39.0%, vs 36.4%
Operating income $3.02B, +77% Y/Y $7.44B, +79% Y/Y
Adjusted operating income, non-GAAP $3.04B, +78% Y/Y $7.73B, +81% Y/Y
Net income attributable to Amphenol Corporation $2.03B, +63% Y/Y $4.74B, +54% Y/Y
Adjusted net income attributable to Amphenol Corporation, non-GAAP $2.06B, +73% Y/Y $5.17B, +71% Y/Y
Diluted EPS $0.79, +61% Y/Y $1.84, +52% Y/Y
Adjusted diluted EPS, non-GAAP $0.80, +74% Y/Y $2.01, +70% Y/Y
Operating cash flow $2.08B, +41% Y/Y $4.76B, +30% Y/Y
Free cash flow, non-GAAP $1.62B, +34% Y/Y $3.66B, +25% Y/Y
  • Communications Solutions led segment growth: sales were $6.58B, +99% Y/Y, including 51% organic growth. Harsh Environment Solutions sales were $2.04B, +35% (29% organic); Interconnect and Sensor Systems sales were $1.60B, +17% (11% organic). Orders reached a record $12.2B, for a 1.19:1 book-to-bill.
  • Empire Electronics, a maker of automotive interconnect assemblies, was acquired in September and is expected to generate ≈$320M in FY2026 sales. Signed acquisitions include AdvancedPCB, a defense and industrial printed circuit board maker (≈$270M FY2026 sales); Dexgreen, a fiber-optic connectivity provider (≈$90M); and Humanetics Sensors, a precision sensing and micromachining business (≈$70M). The combined purchase price for the four businesses is ≈$1.6B, financed with cash and debt. AdvancedPCB and Humanetics Sensors are expected to close in Q4 2026, and Dexgreen in Q1 2027, subject to customary conditions.
  • Q3 shareholder returns totaled $553M: $245M to repurchase 3.0M shares and $308M in dividends. Weighted-average diluted shares were 2.58B, up from 2.57B Y/Y. At 9/30/2026, cash, cash equivalents and short-term investments totaled $5.30B and debt was $17.9B. Nine-month results included $389M of discrete tax items, including tax matters related to China.

Guidance

Metric Period Guidance Prior Direction
Sales Q4 2026 $10.3B-$10.5B; ≈60% Y/Y — —
Sales FY2026 $36.9B-$37.1B; ≈60% Y/Y — —
Diluted EPS, GAAP Q4 2026 $0.80-$0.82 — —
Diluted EPS, GAAP FY2026 $2.64-$2.66 — —
Adjusted diluted EPS, non-GAAP Q4 2026 $0.81-$0.83; 65%-69% Y/Y — —
Adjusted diluted EPS, non-GAAP FY2026 $2.82-$2.84; ≈70% Y/Y — —
CommScope sales FY2026 $5.1B $4.6B Raised
CommScope accretion to Amphenol’s adjusted diluted EPS FY2026 $0.18 $0.15 Raised

The outlook assumes current market conditions and constant exchange rates. It excludes acquisitions not yet closed, including AdvancedPCB, Dexgreen and Humanetics Sensors; the increased CommScope outlook is reflected in Amphenol’s guidance.

Investor Takeaways

  • Watch Q4 sales against the $10.3B-$10.5B range and whether orders continue to support growth; Q3 book-to-bill was 1.19:1.
  • Track IT datacom and Communications Solutions performance: sustained organic growth following Q3’s 51% organic segment growth would support the company’s reported demand momentum.
  • Monitor the expected Q4 2026 and Q1 2027 acquisition closings, and the start of the new repurchase program on 1/1/2027.

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The summary is written by an AI model reading the filing.

Model 005 · prompt v111 · 2026-10-28 14:36:46Z

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