| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 51 | 21.0x | 17.8x | Around median | |
Growth | 93 | 54.2% | 7.1% | Top tier | |
Quality | 81 | 20.7% | 4.5% | Top tier | |
Safety | 71 | 1.5x | 2.6x | Top tier | |
Capital Return | 19 | 1.09% | 2.12% | Bottom tier | |
Momentum | 24 | 43.2% | 2.9% | Bottom tier | |
Sentiment | 87 | 10 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Amphenol Corporation develops high-technology interconnect solutions, antennas, and sensors for a broad range of global electronics markets. The company generates revenue from products including high-speed copper connectors, optical interconnects, power connectors, cable assemblies, antennas, and advanced mechanisms such as hinges; these products are used in AI data centers, defense, commercial aerospace, industrial, automotive, communications networks, and mobile devices.
In Q2 FY2026, Amphenol recorded record revenue of $8.8 billion, up 55% year over year and 30% organically, while net income reached $1.8 billion and GAAP diluted earnings per share were approximately $1.37. Gross profit was $3.5 billion, representing a calculated gross margin of approximately 39.8%, while GAAP operating income was approximately $2.6 billion with a margin of 29.5%; adjusted operating margin reached a record 29.8%, up 24 basis points year over year and 250 basis points sequentially.
The Communication Solutions segment accounted for $5.4 billion, or approximately 61% of Q2 FY2026 revenue, and achieved an operating margin of 33.6%. The Harsh Environment Solutions segment recorded revenue of $1.9 billion and a margin of 30.1%, while the Interconnect and Sensor Systems segment generated revenue of $1.5 billion and a margin of 21%. By end market, IT datacom represented 43% of sales, followed by industrial at 20%, communications networks at 11%, and automotive at 10%. Adam Norwitt serves as CEO, while Craig A. Lampo serves as CFO, according to the July 29, 2026 earnings call.
The analyst consensus is “Buy,” with an average target of $192.33 and a range of $165 to $215; the average target is above the 52-week range high of $178.52, and the highest target also clearly exceeds that high. Conversely, no price-to-earnings ratio is available in the data, so the stock's valuation here rests on the sustainability of IT datacom's 63% organic growth and CommScope's improvement, balanced against weakness in communications networks and acquisition execution risks.
Figures in the text are as of 2026-08-26; the live price is shown at the top of the page.
The primary driver was IT datacom, which represented 43% of sales and grew 89% in dollars and 63% organically. Sales in this market increased 22% compared with Q1 FY2026, and management said most of the increase came from AI products. Total orders also reached a record $10.7 billion, with a book-to-bill ratio of 1.23 times.
Amphenol expects revenue between $9.3 billion and $9.4 billion in Q3 FY2026, representing year-over-year growth of 50% to 52%. It expects adjusted diluted earnings per share between $1.40 and $1.42, or growth of 51% to 53%. This guidance does not include any significant additional net tariff recoveries following the $80 million benefit in Q2 FY2026.
Management raised its forecast for CommScope's FY2026 sales from $4.1 billion to $4.6 billion and increased the expected addition to earnings per share from $0.15 to $0.30. CommScope generated slightly more than $1.2 billion in sales in Q2 FY2026, with an operating margin exceeding 20%. Amphenol expects IT datacom to represent slightly less than half of CommScope's FY2026 sales, compared with approximately one-third in FY2025.
Automated analysis for informational purposes only — not investment advice.
Amphenol's portfolio is not limited to a single technology; it offers high-speed copper, optical interconnects, and power connectors. Management explained on the July 29, 2026 call that customers are demanding more of all three categories as interconnect and power density increase in AI systems. CommScope adds advanced optical interconnect solutions, while Wilder Technologies supports test and measurement capabilities for high-speed interconnect applications.
IT datacom represents 43% of sales, making continued growth in AI spending an important factor for results. Conversely, communications networks sales declined 6% organically in Q2 FY2026, and management expects a mid-teens sequential decline in Q3 FY2026. Net debt also reached $13.4 billion as of June 30, 2026, and capital expenditures increased 20% year over year to support the addition of production capacity.
Net income was $1.8 billion in Q2 FY2026, while operating cash flow reached $1.6 billion, or 88% of net income. Free cash flow was $1.2 billion, or 68% of net income, despite rapid growth and spending on production capacity. The company also returned approximately $515 million to shareholders through share repurchases and dividends during the quarter, while total liquidity remained at $8.4 billion as of June 30, 2026. This included the repurchase of 1.5 million shares at an average of $141 per share.
