Amphenol reports record Q2 results as sales, orders, adjusted earnings, and margins improve.
Stock Earnings Results
July 29, 2026
Table of Contents
July 29, 2026
Amphenol Corporation (NYSE: APH) reported record second-quarter 2026 results above expectations, supported by strong sales growth, record orders, higher adjusted earnings, margin expansion, acquisitions, and strong demand in IT datacom.
Amphenol is one of the world’s largest designers and manufacturers of connectors, interconnect systems, antennas, sensors, sensor-based products, coaxial cable, high-speed cable, fiber optic products, and specialty cable used across automotive, commercial aerospace, communications networks, defense, industrial, IT datacom, and mobile device markets.
The company reported adjusted diluted EPS of $1.35, above estimates of $1.19, representing a 13.4% earnings surprise. Revenue came in at $8.76 billion, above estimates of $8.30 billion, with revenue growth of 55.0%.
Sales increased 55% year-over-year to $8.76 billion.
Organic sales increased 30%.
GAAP diluted EPS increased 59% to $1.37.
Adjusted diluted EPS increased 67% to $1.35.
GAAP operating margin was 29.5%.
Adjusted operating margin was 29.8%.
Operating cash flow was $1.56 billion.
Free cash flow was $1.21 billion.
Amphenol reported record orders of $10.7 billion.
Book-to-bill was 1.23 times.
The strong order activity suggests demand remained above current revenue levels during the quarter.
Management said sales growth was driven by strong organic growth in most end markets, including exceptional organic growth in IT datacom.
The company also benefited from its acquisition program.
Communications Solutions sales increased 85% year-over-year to $5.38 billion.
Organic growth in the segment was 42%.
This segment was the largest driver of Amphenol’s growth in the quarter.
The performance reflects strong demand for high-speed interconnect products tied to data center, AI infrastructure, networking, and broader electronics demand.
Harsh Environment Solutions sales increased 28% year-over-year to $1.86 billion.
Organic growth in that segment was 22%.
Interconnect and Sensor Systems sales increased 17% to $1.52 billion.
Organic growth in that segment was 13%.
All three major segments grew, but Communications Solutions was the clear standout.
Adjusted operating income increased to $2.61 billion.
Adjusted operating margin increased to 29.8%.
The quarter included an $80 million net benefit related to the recovery of IEEPA tariffs.
That benefit added about $0.04 per share to GAAP and adjusted operating income.
Even with that benefit noted, the company reported strong operating profitability across its segments.
Amphenol completed two acquisitions during the quarter: El.Com and Wilder Technologies.
El.Com is an Italian manufacturer of complex interconnect solutions and high-voltage cable assemblies serving industrial, defense, and commercial aerospace markets.
Wilder Technologies is a supplier of high-performance test and measurement solutions for high-speed digital, RF, and signal integrity applications in IT datacom.
Amphenol also raised its expectations for the CommScope acquisition.
The company now expects CommScope to generate full-year sales of $4.6 billion and be $0.30 accretive to adjusted diluted EPS in 2026, up from prior expectations of $4.1 billion in sales and $0.15 of accretion.
Amphenol repurchased 1.5 million shares during the quarter for $208 million.
The company also paid dividends of $307 million.
Total capital returned to shareholders was $515 million.
The company ended the quarter with $4.73 billion in cash and cash equivalents.
For the third quarter, Amphenol expects sales of $9.3 billion to $9.4 billion.
That would represent growth of 50% to 52% from the prior-year quarter.
Adjusted diluted EPS is expected to range from $1.40 to $1.42.
That would represent growth of 51% to 53% year-over-year.
The outlook does not include any additional tariff recoveries.
Amphenol delivered a record quarter as electronics and data infrastructure demand accelerated.
Sales beat expectations, adjusted EPS topped estimates, organic sales grew 30%, orders reached a record $10.7 billion, and book-to-bill remained above 1.0. The company also continued to use acquisitions to expand its product reach and raised its expected contribution from CommScope.
The key question is whether Amphenol can sustain strong IT datacom demand and integrate acquisitions while maintaining high margins.
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