Key Highlights

  • APH shares were trading up 4.74% at $83.63 from a prior close of $79.84.
  • Third-quarter sales reached a record $10.2 billion, with orders of $12.2 billion.
  • The board approved a new $4 billion buyback and a 20% Dividend increase.

Amphenol (NYSE:APH) was trading up 4.74% at $83.63 in today's regular session, a gain of $3.79 from the prior close of $79.84, as investors keep rewarding its record third-quarter results. The shares are outperforming a tech backdrop in which the Nasdaq-100 is in correction and chip stocks are bouncing.

Amphenol, based in Wallingford, Connecticut and founded in 1932, designs and makes electrical, electronic and fiber optic connectors, interconnect systems, antennas and sensors. It reports Communications Solutions, Harsh Environment Solutions and Interconnect and Sensor Systems, employs roughly 170,000 people and operates in about 40 countries. Record 2025 sales were $23.1 billion, up 52%.

Record Third Quarter Led by IT DataCom

Sales were $10.2 billion, up 65% in U.S. dollars and 37% organically, with sequential growth of 17%. Orders were a record $12.2 billion, up 99%, for a book-to-bill ratio of 1.19. Adjusted Operating Margin was 29.7%, up 220 basis points, and adjusted EPS was $0.80 against $0.73 expected, up 74%.

IT DataCom was 48% of sales, up 117% in U.S. dollars and 77% organically, with AI now about three-quarters of that business. Defense grew 30% organically and industrial grew 25%, while mobile devices are expected to rise about 35% sequentially in Q4 and communications networks fell 28% organically.

Guidance, Cash Flow and Capital Return

For the fourth quarter Amphenol guides 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, excluding acquisitions not yet closed. The acquired CommScope Business is expected to deliver $5.1 billion of sales and $0.18 of EPS in 2026.

Operating cash flow was $2.1 billion and free cash flow was $1.6 billion, with net Leverage of 1.1 times. The quarterly dividend rises 20% to $0.15 per share and a new three-year $4 billion buyback begins in January 2027. Four acquisitions were announced for roughly $1.6 billion in total: Empire Electronics, which has closed, Advanced PCB, Dex Green and Humanetics Sensors.

Analyst Moves, Insider Filing and Share Data

Barclays lifted its target to $111, joining JPMorgan, Citi, UBS and Truist in raising targets, and Goldman Sachs added the stock to its Conviction List. A Form 144 filing shows a proposed sale of about 800,000 shares by CEO Adam Norwitt. A nationwide sales-rep deal with Charles Industries adds AI and telecom reach.

The stock has trailing Earnings of $4.31 per share, a forward price-to-earnings ratio of 24.19, a Dividend Yield of 0.60% and a 52-week range of $59.01 to $89.93.

Fourth-Quarter Guidance and Acquisition Closings Are the Next Markers

Amphenol is trading higher on record orders, a larger buyback and target raises. The next items to follow are fourth-quarter results against $10.3 billion to $10.5 billion of sales guidance, closings of the announced acquisitions and the January 2027 start of the $4 billion buyback.