Amphenol stock gains support from record sales and stronger outlook

Amphenol reported record third-quarter results on October 28, 2026, as strong demand for high-speed interconnect products lifted sales and orders. The company also raised its outlook, increased its dividend and approved a new share repurchase plan.

Amphenol stock traded at 67.66 euros on Lang & Schwarz at 13:38 CET on Monday, November 9, 0.06 percent above the Xetra close of 67.62 euros on Friday, November 6. The quote was taken from the real-time quote of Amphenol stock.

Record Sales Across Core Markets

Sales reached 10.2297 billion US dollars in the three months ended September 30, up 65 percent from the prior-year quarter. Organic sales growth was 37 percent, while orders rose to 12.2 billion US dollars and produced a book-to-bill ratio of 1.19.

Adjusted diluted earnings per share increased to 0.80 US dollars from 0.46 US dollars a year earlier. GAAP diluted earnings per share were 0.79 US dollars, compared with 0.49 US dollars in the prior-year period. Adjusted operating margin reached 29.7 percent, compared with 27.0 percent a year earlier.

Communications Solutions remained the main growth engine, with quarterly sales of 6.5830 billion US dollars, up 99 percent year over year. Harsh Environment Solutions sales rose 35 percent to 2.0421 billion US dollars, while Interconnect and Sensor Systems increased 17 percent to 1.6046 billion US dollars.

Higher Outlook And Capital Returns

For the fourth quarter, management expects sales of 10.3 billion to 10.5 billion US dollars and adjusted diluted earnings per share of 0.81 to 0.83 US dollars. The outlook implies sales growth of about 60 percent and adjusted earnings growth of 65 percent to 69 percent from the prior-year quarter.

Full-year 2026 sales are expected to reach 36.9 billion to 37.1 billion US dollars, with adjusted diluted earnings per share of 2.82 to 2.84 US dollars. The outlook excludes acquisitions that had not closed when the forecast was issued. Amphenol also raised its expected 2026 contribution from the CommScope business to 5.1 billion US dollars of sales and 0.18 US dollars of adjusted earnings per share.

The board approved a 20 percent increase in the quarterly dividend to 0.15 US dollars per share, with the new payment scheduled for January 13, 2027. Amphenol expects to finish its existing 2 billion US dollar repurchase program by December 31, 2026, before a new three-year plan takes effect on January 1, 2027.

Acquisitions Add Execution Risk

Amphenol completed its acquisition of Empire Electronics at the beginning of September and agreed to buy AdvancedPCB, Dexgreen and Humanetics Sensors. The combined purchase price for the four transactions is approximately 1.6 billion US dollars, financed with cash and debt. AdvancedPCB and Humanetics Sensors are expected to close in the fourth quarter, while Dexgreen is expected to close in the first quarter of 2027, subject to customary conditions.

The company says its diversified exposure to automotive, aerospace, defense, industrial, communications and information technology markets supports continued expansion. For investors, the strong order book and raised forecast provide operating momentum, while acquisition integration, higher debt and the timing of pending transactions remain key execution factors.

Amphenol's announcement was published by the company in its October 28 investor release. The release contains the reported results, outlook, capital-return measures and acquisition plans.

US stocks remain sensitive to expectations for technology demand, interest rates and broad market risk appetite; see current S&P 500 market reports.

For more company-specific coverage, see more news and analyses on Amphenol stock.