Amphenol Sales Reach $10.2 Billion, Beating Estimates, as Orders Hit Record
Key Facts
Amphenol reported revenue of $10.2 billion in the third quarter of 2026, topping analysts’ consensus estimate of $9.44 billion, according to data cited by Investing.com from Reuters. Earnings per share were $0.80, $0.08 above analysts’ estimate of $0.72. The company said sales rose 65% from the third quarter of 2025. Orders reached a record $12.2 billion, with a book-to-bill ratio of 1.19 to 1, according to the company’s statement. The results reflect strong sales and orders during the quarter, while the company’s outlook for the coming quarter pointed to continued revenue and earnings growth.
Management attributed sales growth to “strong organic growth in most of our end markets,” alongside “continued exceptional organic growth in the IT datacom market,” the chief executive said in an Amphenol statement. The company added that its acquisition program contributed to higher sales. This explanation places expansion in IT and datacom markets alongside acquisitions among the factors management cited for annual growth. The quarter’s results extended beyond revenue, with an adjusted operating margin of 29.7%. The operating margin under U.S. generally accepted accounting principles, or GAAP, was 29.5%, according to the statement. The difference between the two measures allows the adjusted margin to be read alongside the reported accounting result.
The company generated operating cash flow of $2.0785 billion during the three months ended September 30, 2026, compared with $1.4708 billion in the same period of 2025. Free cash flow was $1.6227 billion, up from $1.2155 billion a year earlier. During the quarter, Amphenol repurchased 3 million shares for $245 million and paid $308 million in dividends. It announced a 20% increase in its quarterly cash dividend to $0.15 per share. It also announced a new $4 billion share repurchase program spanning three years, separate from the purchases made during the quarter.
In acquisitions, Amphenol closed its purchase of Empire Electronics in early September. The company expects Empire to generate about $320 million in sales during 2026. The deal forms part of the acquisition program’s contribution cited by the chief executive in explaining sales growth, alongside organic expansion in end markets. The figures show the company combined higher cash flows than in the comparable period with returns of capital to shareholders, while announcing a new three-year repurchase program. These measures remain separate from management’s operating outlook for the coming quarter.
Amphenol expects fourth-quarter 2026 earnings per share of between $0.81 and $0.83, compared with analysts’ consensus of $0.76, according to Investing.com, citing Reuters. The outlook puts the company’s estimate above the analysts’ consensus reported in the source. The guidance follows a third quarter in which earnings per share topped analysts’ estimate, while revenue also exceeded consensus expectations. The company’s investor relations calendar lists January 27, 2027, as the date for its fourth-quarter results. Those results will provide an update on the company’s performance after a quarter in which orders hit a record.