Key Highlights

  • APH shares are indicated up 6.12% at $83.00 in premarket, against a prior close of $78.21.
  • Q3 sales of $10.2 billion rose 65%, or 37% organically, and adjusted EPS of $0.80 rose 74%.
  • Orders were $12.2 billion for a book-to-bill of 1.19.
  • The quarterly dividend rises 20% to $0.15 per share, and a new three-year $4 billion buyback was approved.
  • Full-year adjusted EPS guidance is $2.82 to $2.84, about 70% higher.

Amphenol (NYSE:APH) shares are indicated up 6.12% at $83.00 in premarket after record third-quarter results, a dividend increase and a new buyback. Sales of $10.2 billion rose 65% in U.S. dollars and 37% organically, and adjusted EPS of $0.80 rose 74%, both above the high end of guidance. Shares closed Tuesday at $78.21, up 3.91%.

Amphenol, headquartered in Wallingford, Connecticut, is one of the world's largest designers and makers of electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and specialty cable. It operates through Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems, and is led by Chairman and CEO Adam Norwitt.

Record Orders and Margins

Orders of $12.2 billion produced a book-to-bill of 1.19. GAAP diluted EPS was $0.79, up 61%. GAAP operating margin was 29.5% and adjusted operating margin was 29.7%. Operating cash flow was $2.1 billion and free cash flow was $1.6 billion.

Communications Solutions sales nearly doubled to $6.58 billion, with Norwitt citing exceptional organic growth in the IT datacom market. Harsh Environment Solutions rose 35% to $2.04 billion, and Interconnect and Sensor Systems rose 17% to $1.60 billion.

Shareholder Returns Step Up

The board approved a 20% increase in the quarterly dividend to $0.15 from $0.125, payable January 13, 2027 to holders of record on December 22, 2026. A new three-year, $4 billion repurchase plan takes effect January 1, 2027, after the existing $2 billion plan is completed by year-end. In the quarter, Amphenol bought back 3.0 million shares for $245 million and paid $308 million in dividends.

Acquisitions and Guidance

Amphenol closed Empire Electronics, with about $320 million of expected 2026 sales, and signed agreements for AdvancedPCB (about $270 million), Dexgreen (about $90 million) and Humanetics Sensors (about $70 million). The combined price is about $1.6 billion.

Fourth-quarter guidance is sales of $10.3 billion to $10.5 billion and adjusted EPS of $0.81 to $0.83. Full-year guidance is sales of $36.9 billion to $37.1 billion and adjusted EPS of $2.82 to $2.84. The CommScope business is now expected to generate $5.1 billion of 2026 sales and be $0.18 accretive, up from $4.6 billion and $0.15. The 52-week range runs from $59.01 to $89.93.