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Amphenol's Q4 Earnings Beat Estimates, Revenues Up Y/Y, Shares Fall

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Key Takeaways

  • APH's Q4 earnings rose 76.4% and sales jumped 49.1%, both beating consensus estimates.
  • Strong IT datacom demand and acquisitions drove 37% organic sales growth year over year.
  • Gross and operating margins expanded sharply, while cash from operations hit $1.7 billion.

Amphenol’s (APH - Free Report) fourth-quarter 2025 adjusted earnings of 97 cents per share beat the Zacks Consensus Estimate by 4.3%. The earnings figure jumped 76.4% year over year.

Net sales surged 49.1% year over year to $6.44 billion, beating the consensus mark by 5.64%. Organically, net sales increased 37% year over year. This exceptional top-line performance was driven by strong organic growth in the IT datacom end-market and strong contribution from acquisitions.
 

Amphenol Corporation Price, Consensus and EPS Surprise

Amphenol Corporation Price, Consensus and EPS Surprise

Amphenol Corporation price-consensus-eps-surprise-chart | Amphenol Corporation Quote

 

APH shares are down 15% at the time of writing this article following the impressive fourth-quarter 2025 results. Shares of the company have jumped 57.9% in the trailing six-month period, outperforming the Zacks Computer and Technology sector’s 16.8%.

APH’s Q4 Top-Line Details

Harsh Environment Solutions’ (25.7% of net sales) sales were $1.65 billion, up 31% year over year. Communications Solutions’ (53.2% of net sales) sales were $3.42 billion, which jumped 77.5% year over year. Interconnect and Sensor Systems Solutions’ (21.2% of net sales) sales were $1.36 billion, up 20.9% year over year.

Gross margin, on a GAAP basis, expanded 390 basis points (bps) year over year to 38.2%. 

Selling, general and administrative expenses, as a percentage of revenues, decreased 120 bps on a year-over-year basis to 10.7%.

Adjusted operating margin expanded 510 bps on a year-over-year basis to 27.5%.

APH’s Balance Sheet & Cash Flow

As of Dec. 31, 2025, Amphenol had cash and cash equivalents worth $11.43 billion, up from $3.89 billion as of Sept. 30, 2025.

Total debt was $15.5 billion as of Dec. 31, 2025, compared with $8.07 billion as of Sept. 30, 2025.

During the fourth quarter, the company purchased 1.3 million shares for $171 million. It also paid dividends of $202 million.

APH generated $1.7 billion in cash from operations in the fourth quarter, up from $1.4 billion in the previous quarter. The company generated a non-GAAP free cash flow of $1.5 billion in the third quarter, up from $1.22 billion in the second quarter.

Amphenol’s Q1 Guidance Positive

Amphenol expects first-quarter 2026 earnings between 91 cents and 93 cents per share, indicating growth between 44% and 48% year over year. Revenues are anticipated between $6.90 billion and $7 billion, suggesting growth in the 43-45% range.

Zacks Rank & Upcoming Earnings to Watch

Currently, Amphenol sports a Zacks Rank #1 (Strong Buy).

Some other top-ranked stocks in the broader Zacks Computer and Technology sector that are set to report their quarterly results are KLA (KLAC - Free Report) , Sandisk (SNDK - Free Report) and Teradata (TDC - Free Report) . Each of the three stocks sports a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Both KLA and Sandisk are set to report their respective second-quarter fiscal 2026 results on Jan. 29. Teradata is set to report its fourth-quarter 2025 results on Feb. 10.

In the trailing six-month period, shares of Sandisk, KLA and Teradata have jumped 1021.5%, 76.5% and 33.8%, respectively.

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