Amphenol Corporation (APH) Earnings
Amphenol Corporation is expected to report next earnings on July 29, 2026 (in NaN days), with a consensus EPS estimate of $1.15. APH has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +13.8% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 29, 2026 | $0.94 | $1.06 | +12.6% | $7.6B | +7.6% |
| Jan 28, 2026 | $0.93 | $0.97 | +4.0% | $6.4B | +4.0% |
| Oct 22, 2025 | $0.79 | $0.93 | +17.3% | $6.2B | +12.0% |
| Jul 23, 2025 | $0.67 | $0.81 | +21.4% | $5.7B | +12.1% |
| Apr 23, 2025 | $0.52 | $0.63 | +20.5% | $4.8B | +12.0% |
| Jan 22, 2025 | $0.50 | $0.55 | +10.0% | $4.3B | +6.0% |
| Oct 23, 2024 | $0.45 | $0.50 | +11.1% | $4.0B | +6.1% |
| Jul 24, 2024 | $0.41 | $0.44 | +7.3% | $3.6B | +6.5% |
| Jan 24, 2024 | $0.39 | $0.41 | +5.1% | $3.3B | +5.8% |
| Oct 25, 2023 | $0.37 | $0.39 | +5.4% | $3.2B | +3.4% |
| Jul 26, 2023 | $0.34 | $0.36 | +5.9% | $3.1B | +3.5% |
| Jan 25, 2023 | $0.38 | $0.39 | +2.6% | $3.2B | +2.8% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 29, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Company closed first quarter 2026 with record sales of $7.6 billion, GAAP and adjusted lewd EPS of $0.72 and $1.06 respectively. • Orders in the quarter were a record $9,435,000,000, up 78% vs Q1 2025 and 12% sequentially, book-to-bill ratio 1.24:1. • GAAP operating income $1.8 billion, GAAP operating margin 24% including $249 million acquisition-related costs. Excluding these, adjusted operating income $2.1 billion and adjusted operating margin 27.3%. • Adam Norwood discussed trends across served markets including IT Datacom, defense, commercial air, industrial, automotive, communications networks, mobile devices.
Guidance
• Expect second quarter sales in range of $8.1 billion to $8.2 billion and adjusted diluted EPS in range of $1.14 to $1.16, representing strong growth vs Q2 prior year. • Expect further sequential sales increase in Q2 in low teams level for IT Datacom as investments in AI data centers accelerate.
Segment performance
Communication Solution Segment: Sales were $4.5 billion, increased 88% in USD and 47% organically, segment operating margin 30.6%. Harsh Environment Solution Segment: Sales were $1.7 billion, increased 34% in USD and 23% organically, segment operating margin 28%. Interconnect and Sensor Systems Segment: Sales were $1.4 billion, increased 23% in USD and 17% organically, segment operating margin 20.2%.
Risks & headwinds
• Recent unfavorable tax determinations from certain relevant tax authorities in China, which together with prior accruals cover tax payment notices. • Reassessment of certain tax-related assumptions applied to prior period results not subject to China tax inquiries resulted in $160 million adjustment to tax provision.
Analyst Q&A
Q: Mark Delaney from Goldman Sachs asked about implications of CPO on Amphenol's revenue and profit potential.
A: Adam Norwood said Amphenol has broadest range of products for IT datacom market, working with all players in AI ecosystem, and working on CPO solutions for future with customers aiming for higher bandwidth, lower latency, etc.
Q: Andrew Buscaglia from BNP Paribas asked about hyperscalers' comments and Comscope's performance.
A: Adam Norwood said strong orders in IT Datacom, Comscope performed strongly with growth similar to Amphenol's organic growth, and Comscope opens up complementary data center opportunity.
Q: Amit Daryayani asked about funding capacity for ramps and multi-year capacity agreements.
A: Adam Norwood said Amphenol prides on agility, works with customers, CapEx increased, and works with customers to have commitments for capacity increases.
Q: Joe Spack from UBS asked about customers bringing in new players and impact on profit.
A: Adam Norwood said customers always want to mitigate risk, Amphenol welcomes other participants, has unique technology and execution ability, and continues to execute.
Q: Sameek Chatterjee asked about hyperscalers' long-term capacity expansion and Comscope's fiber portfolio.
A: Adam Norwood said Comscope achieved growth at Amphenol's organic growth pace, team is doing well, and they are part of a supportive company.
Q: William Stein from Truist Securities asked about Amphenol's ability in various optical and copper technologies.
A: Adam Norwood said Amphenol has broad array of active and passive product offerings in copper and optics, and will continue to execute with breadth of products.
Q: Lucita Merchant from Citigroup asked about pricing and book to bill.
A: Craig Lampo said margins were strong, offset cost pressure through productivity and vendors, and book to bill due to customers opening order apertures.
Q: Stephen Fox with Fox Advisors asked about commercial buildings and Comscope.
A: Adam Norwood said Comscope has leading position in building connectivity market with unique channel, and Amphenol's antennas and sensors can create value creation.
Q: Wamsi Mohan from Bank of America asked about share and competitive landscape in optical scale up.
A: Adam Norwood said Amphenol has executed well in copper, will earn business in optics with competition.
Q: Scott Graham with Seaport Research Partners asked about industrial market subsegments.
A: Adam Norwood said industrial market has broad-based organic growth in most subsegments like instrumentation, electrification, etc.
Q: Luke Junk with Baird asked about Amphenol's leverage in defense electronics.
A: Adam Norwood said Amphenol is world leader in defense interconnect, invested in products and capabilities, and positioned well for increased defense spending.
Q: Joe Giordano from TD Cohen asked about interplay between price, architectures, etc.
A: Adam Norwood said team working on enabling next generation systems with higher voltage and broad array of power interconnect products.