Amphenol Corp., US0320951017

Amphenol stock: Record sales support new 4 billion US dollar buyback

Published on 10/30/2026 at 11:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amphenol stock follows record third-quarter sales and a new 4 billion US dollar repurchase plan. Management also raised its dividend.

Record growth and shareholder returns

Third-quarter sales climbed 65 percent year over year to 10.2 billion US dollars, with organic growth of 37 percent.
Orders reached 12.2 billion US dollars, producing a book-to-bill ratio of 1.19.
Amphenol raised its quarterly dividend by 20 percent and authorized a new three-year, 4 billion US dollar repurchase plan.
Management expects fourth-quarter 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.

Amphenol Corp., US0320951017, Illustration mit AI erstellt.

Amphenol reported record third-quarter results on Wednesday, October 28, 2026, as sales and adjusted earnings exceeded the high end of management's guidance. The company's investor-relations release said net sales for the three months ended September 30 rose 65 percent year over year to 10.2 billion US dollars. Organic sales growth was 37 percent.

Orders reached 12.2 billion US dollars, resulting in a book-to-bill ratio of 1.19. The company reported GAAP diluted earnings per share of 0.79 US dollars, up 61 percent from the prior-year quarter. Adjusted diluted earnings per share, a non-GAAP measure, rose 74 percent to 0.80 US dollars from 0.46 US dollars.

Demand and margins remain strong

Adjusted operating margin reached 29.7 percent, compared with a reported GAAP margin of 29.5 percent. Operating cash flow was 2.1 billion US dollars and free cash flow was 1.6 billion US dollars. Communications Solutions was the largest segment, generating third-quarter sales of 6.6 billion US dollars, while Harsh Environment Solutions contributed 2.0 billion US dollars and Interconnect and Sensor Systems generated 1.6 billion US dollars.

Chief Executive Officer R. Adam Norwitt attributed the result to strong organic growth in most end markets, exceptional growth in IT datacom and contributions from acquisitions. Amphenol closed the acquisition of Empire Electronics in early September and signed agreements for AdvancedPCB, Dexgreen and the Humanetics Sensors business. The combined purchase price for the four transactions is approximately 1.6 billion US dollars. 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.

Buyback and outlook set next markers

The board approved a 20 percent increase in the quarterly dividend to 0.15 US dollars per share, with the higher payment scheduled for January 13, 2027. Amphenol also expects to complete the remaining purchases under its existing three-year, 2 billion US dollar repurchase plan by December 31. A new three-year, 4 billion US dollar program will begin on January 1, 2027.

For the fourth quarter, management forecasts 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. Full-year 2026 guidance calls for sales of 36.9 billion to 37.1 billion US dollars and adjusted diluted earnings per share of 2.82 to 2.84 US dollars. The outlook excludes the acquisitions that have not yet closed.

Amphenol stock traded at 70.24 euros on Lang & Schwarz at 11:32 CET on Friday, October 30, 2026. The real-time quote of Amphenol stock is available separately.