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APH

Amphenol Corporation

APH

Amphenol Corporation • NYSE
$140.90 ▲ 1.57% (+2.18)
Market Cap $172.47 B
52w High $144.37
52w Low $56.45
Dividend Yield 1.00%
P/E 46.97
Volume 3.19M
Outstanding Shares 1.22B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $6.194B ▲ $657M ▲ $1.246B ▲ 20.11% ▲ $1.02 ▲ $1.949B ▲
Q2-2025 $5.65B ▲ $622.5M ▲ $1.091B ▲ 19.314% ▲ $0.9 ▲ $1.638B ▲
Q1-2025 $4.811B ▲ $575.2M ▲ $737.8M ▼ 15.336% ▼ $0.61 ▼ $1.276B ▲
Q4-2024 $4.318B ▲ $515M ▲ $746.2M ▲ 17.282% ▲ $0.62 ▲ $1.121B ▲
Q3-2024 $4.039B $492M $604.4M 14.965% $0.5 $1.032B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $3.888B ▲ $27.143B ▲ $14.536B ▲ $12.52B ▲
Q2-2025 $3.226B ▲ $25.668B ▲ $14.069B ▲ $11.519B ▲
Q1-2025 $1.672B ▼ $22.902B ▲ $12.53B ▲ $10.301B ▲
Q4-2024 $3.335B ▲ $21.44B ▲ $11.584B ▲ $9.792B ▲
Q3-2024 $1.583B $19.586B $10.059B $9.453B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.255B ▲ $1.471B ▲ $-614.4M ▼ $-266.3M ▼ $592.3M ▼ $1.214B ▲
Q2-2025 $1.101B ▲ $1.417B ▲ $-611.6M ▲ $700.9M ▲ $1.55B ▲ $1.12B ▲
Q1-2025 $744.2M ▼ $764.9M ▼ $-2.353B ▼ $-88.6M ▼ $-1.66B ▼ $576.3M ▼
Q4-2024 $746.2M ▲ $847.1M ▲ $-250.4M ▼ $1.214B ▲ $1.754B ▲ $647.3M ▲
Q3-2024 $616.1M $704M $-202.5M $-227.6M $310.5M $474M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Communications Solutions
Communications Solutions
 $1.98Bn ▲$2.43Bn ▲$2.93Bn ▲$3.34Bn ▲
Harsh Environment Solutions
Harsh Environment Solutions
 $1.35Bn ▲$1.29Bn ▼$1.48Bn ▲$1.55Bn ▲
Interconnect Products And Assemblies
Interconnect Products And Assemblies
 $0 ▲$0 ▲$1.31Bn ▲$1.38Bn ▲
Interconnect and Sensor Systems
Interconnect and Sensor Systems
 $1.16Bn ▲$1.14Bn ▼$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Amphenol’s income statement shows a well‑established growth story. Revenue has climbed steadily over the past five years, with only a slight pause in one year, and then a strong acceleration more recently. Profitability has not just kept pace with sales; margins have gradually improved, meaning the company is earning more on each dollar of revenue than it used to. Earnings per share have nearly doubled over the period, which reflects both higher profits and shareholder‑friendly capital management. Overall, this looks like a mature, scaled manufacturer that has successfully tapped into structural trends like data centers, communications, and electrification, while keeping costs under control.

Balance Sheet

Balance Sheet The balance sheet reflects a larger, more capital‑intensive company than five years ago, but one that has grown its equity base along with its obligations. Total assets have expanded meaningfully, helped by acquisitions and investment in capacity. Cash holdings have risen sharply in the most recent year, giving the company more flexibility. Debt has also increased, particularly lately, which introduces some financing risk but appears balanced by stronger profits and higher equity. The capital structure looks active rather than conservative, but not stretched, assuming earnings power is maintained.

Cash Flow

Cash Flow Cash generation is a clear strength. Operating cash flow has risen alongside profits, and free cash flow has been consistently positive every year. Even as the company stepped up capital spending recently—likely to capture growth in high‑demand areas like AI data centers and electrification—it still produced solid surplus cash. The fact that free cash flow tracks earnings reasonably well suggests reported profits are backed by real cash, not just accounting. This gives Amphenol room to fund investments, acquisitions, and shareholder returns without relying entirely on new borrowing.

Competitive Edge

Competitive Edge Amphenol occupies a strong niche at the “plumbing” level of modern electronics—the connectors, cables, antennas, and sensors that everything else relies on. Its competitive position is reinforced by a few key traits: a very broad product portfolio, deep engineering collaboration with customers, and components that are often mission‑critical and highly customized. Once designed into a device or system, these parts are hard and costly to swap out, which raises switching costs. The company is also diversified across many end markets—automotive, industrial, defense, aerospace, mobile, broadband, and especially data centers—so weakness in one area can be offset by strength in another. Its global manufacturing footprint and long record of bolt‑on acquisitions add to its scale and resilience, though the business is still exposed to swings in capital spending by large tech and industrial customers.

Innovation and R&D

Innovation and R&D Innovation for Amphenol is less about flashy consumer products and more about pushing the limits of performance, reliability, and miniaturization in the background. The company is heavily involved in high‑speed data interconnects for AI and cloud data centers, high‑voltage and high‑reliability connectors for electric vehicles, and rugged solutions for defense, aerospace, and harsh industrial environments. It is expanding its capabilities in fiber optics, sensors, and advanced antennas, often reinforced by targeted acquisitions. This positions it well for long‑term themes like AI, 5G and beyond, the Internet of Things, and renewable energy infrastructure. The main uncertainties are the pace and durability of demand in these fast‑moving areas, and the ongoing need to keep investing in engineering talent and new product development to stay ahead of competitors.

Summary

Across the financials and the business profile, Amphenol looks like a scaled, diversified technology components manufacturer that has converted multi‑year growth in underlying trends—data, connectivity, electrification—into rising revenue, better margins, and strong cash flow. The balance sheet shows more leverage than in the past but is supported by higher earnings and liquidity. Its competitive moat is grounded in deep customer integration, customization, and breadth of offerings rather than any single blockbuster product. Key opportunities lie in AI data centers, electric vehicles, next‑gen communications, and harsh‑environment applications, while key risks include cyclical swings in customer spending, integration of acquisitions, and the need to keep investing to defend its technological edge. Overall, the picture is one of a high‑quality industrial tech business leaning into long‑term connectivity and electrification trends, with both growth potential and the usual execution and cycle risks that come with it.

NEWS

November 6, 2025 · 8:00 AM UTC

Amphenol Corporation Closes Trexon Acquisition

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October 27, 2025 · 6:48 PM UTC

Amphenol Corporation Announces Pricing of Senior Notes Offerings

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October 22, 2025 · 8:00 AM UTC

Amphenol Reports Record Third Quarter 2025 Results and Announces Dividend Increase

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