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SummaryAmphenol Corporation (APH) is downgraded to Hold due to vulnerability to a potential AI data center slowdown and possible Fed rate hikes.APH's high valuation is justified by robust growth—YOY revenue up nearly 55% and levered free cash flow up 112%—but depends on sustained AI demand.Rising interest rates and a backlog of idle data centers could moderate AI infrastructure buildout, posing near-term risks to APH's profitability.I remain an AI bull, but prefer Alphabet over APH for now; clarity on Fed policy and AI sector momentum could quickly shift APH back to Buy. Getty Images

Thesis Idling AI data centers, rising costs, and especially a Federal Reserve rate hike could cause a moderate near-term slowdown in the AI data center buildout. In this scenario, I believe Amphenol (APH) is more vulnerable

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For those looking to find strong Computer and Technology stocks, it is prudent to search for companies in the group that are outperforming their peers. Has Amphenol (APH - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Computer and Technology sector should help us answer this question.

Amphenol is one of 614 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.

The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Amphenol is currently sporting a Zacks Rank of #2 (Buy).

Within the past quarter, the Zacks Consensus Estimate for APH's full-year earnings has moved 11.8% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Based on the latest available data, APH has gained about 20.8% so far this year. At the same time, Computer and Technology stocks have gained an average of 16.8%. This means that Amphenol is performing better than its sector in terms of year-to-date returns.

Another stock in the Computer and Technology sector, Advanced Energy Industries (AEIS - Free Report) , has outperformed the sector so far this year. The stock's year-to-date return is 27.5%.

Over the past three months, Advanced Energy Industries' consensus EPS estimate for the current year has increased 24.3%. The stock currently has a Zacks Rank #1 (Strong Buy).

Looking more specifically, Amphenol belongs to the Electronics - Connectors industry, which includes 2 individual stocks and currently sits at #33 in the Zacks Industry Rank.

Advanced Energy Industries, however, belongs to the Semiconductor Equipment - Wafer Fabrication industry. Currently, this 2-stock industry is ranked #9.

Going forward, investors interested in Computer and Technology stocks should continue to pay close attention to Amphenol and Advanced Energy Industries as they could maintain their solid performance.

Amphenol (APH - Free Report) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, APH broke out above the 50-day moving average, suggesting a short-term bullish trend.

The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend.

Shares of APH have been moving higher over the past four weeks, up 7.3%. Plus, the company is currently a Zacks Rank #2 (Buy) stock, suggesting that APH could be poised for a continued surge.

The bullish case solidifies once investors consider APH's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 5 higher, while the consensus estimate has increased too.

With a winning combination of earnings estimate revisions and hitting a key technical level, investors should keep their eye on APH for more gains in the near future.

On August 24, 2026, we conducted a DCF analysis for Amphenol Corp
APH -3.32% 98

amidst a backdrop of mixed price performance. The stock has seen a year-to-date increase of 16.6% and a notable 45.3% rise over the past year, despite a recent decline of 6.0% over the past week.

DCF Earnings-based intrinsic value indicates a significant margin of safety of -57.7% compared to the current price. DCF Free Cash Flow (FCF)-based intrinsic value suggests an even larger margin of safety at -85.6%. GF Score™ of 98/100 indicates strong financial health, but the low predictability rank of 1/5 stars suggests caution regarding the reliability of DCF inputs. What Is APH Worth? DCF Earnings-Based Model The DCF earnings-based model for Amphenol Corp utilizes a two-stage approach. In the first stage, we project earnings growth at a robust rate of 15.5% annually for the next 10 years, followed by a terminal growth rate of 4% for the subsequent 10 years. The discount rate applied is 11%, derived from the risk-free rate and equity risk premium.

Parameter Value Current EPS (TTM, excl. non-recurring) $4.31 10-Year Growth Rate 15.5% 10-Year Treasury Rate 4.71% Discount Rate (ceil(Treasury) + 6%) 11% Terminal Growth Rate 4% The following table summarizes the calculations for the two-stage model:

Stage Description Value Growth Stage (Years 1-10) EPS growing at 15.5%, discounted at 11% $53.98 Terminal Stage (Years 11-20) 4% terminal growth, discounted at 11% $45.61 Intrinsic Value Growth + Terminal $99.59 With the current price at $157.01, the intrinsic value of $99.59 indicates that the stock is significantly overvalued, presenting a margin of safety of -57.7%. It is important to note that GuruFocus uses EPS excluding non-recurring items, as research indicates a stronger correlation between stock prices and earnings than with free cash flow. For further calculations, visit the APH DCF Calculator.

What Does the Free Cash Flow DCF Say? The intrinsic value based on the Free Cash Flow (FCF) model is calculated at $84.59. This value further corroborates the findings from the earnings-based DCF model, as both indicate that the stock is significantly overvalued, with a margin of safety of -85.6% for the FCF model.

How Does GF Value™ Compare to the DCF Models? The GF Value™ for Amphenol Corp stands at $154.87, providing a third perspective on its valuation. This proprietary measure is derived from historical trading multiples, past business growth, and future performance estimates. All three models—DCF earnings, DCF FCF, and GF Value™—align in their assessment of the stock being overvalued. For more details, check out the GF Value™.

What Does APH's GF Score™ Tell Us? The GF Score™ evaluates various aspects of a company's financial health and growth potential. Amphenol Corp's score of 98/100 reflects strong fundamentals, but its low predictability rank of 1/5 stars suggests that the DCF model may not be as reliable for this stock. Below is a summary of APH's GF Score™ metrics:

Metric Rating GF Score™ 98/100 Financial Strength 6/10 Profitability 10/10 Growth 10/10 Valuation 9/10 Momentum 10/10 For more information, visit the APH stock page.

Key Assumptions and Limitations It is crucial to understand that DCF models are highly sensitive to the assumptions made regarding growth and discount rates. Stocks with low predictability ratings, such as Amphenol Corp, yield less reliable DCF estimates. The terminal growth rate of 4% is a simplifying assumption that may not reflect actual future growth conditions.

What This Means for Investors In summary, all three valuation models—DCF earnings, DCF FCF, and GF Value™—concur that Amphenol Corp is significantly overvalued at its current price. The consensus is reinforced by the guru ownership signal, with 19 gurus holding the stock, 8 of whom are adding positions, while 10 are trimming. Additionally, insider activity shows net selling over the past 12 months, which may raise concerns about future performance. Investors should exercise caution and consider these insights before making decisions. For further analysis, check the APH DCF Calculator.

Frequently Asked Questions What is APH's intrinsic value based on DCF?

According to the DCF analysis, the earnings-based intrinsic value is $99.59, while the FCF-based intrinsic value is $84.59.

Is APH overvalued or undervalued?

Both the DCF and GF Value™ models indicate that APH is overvalued at its current price.

How reliable is the DCF model for APH?

The DCF model's reliability is affected by its predictability rank of 1/5 stars, suggesting lower confidence in its estimates for this stock.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Shares of Amphenol (APH - Free Report) have gained 1.1% over the past four weeks to close the last trading session at $159.57, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $200.5 indicates a potential upside of 25.7%.

The average comprises 16 short-term price targets ranging from a low of $175.00 to a high of $230.00, with a standard deviation of $14.14. While the lowest estimate indicates an increase of 9.7% from the current price level, the most optimistic estimate points to a 44.1% upside. More than the range, one should note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.

But, for APH, an impressive average price target is not the only indicator of a potential upside. Strong agreement among analysts about the company's ability to report better earnings than they predicted earlier strengthens this view. While a positive trend in earnings estimate revisions doesn't gauge how much a stock could gain, it has proven to be powerful in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You May Not Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Here's Why There Could be Plenty of Upside Left in APHThere has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

The Zacks Consensus Estimate for the current year has increased 7.8% over the past month, as four estimates have gone higher compared to no negative revision.

Moreover, APH currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much APH could gain, the direction of price movement it implies does appear to be a good guide.

On August 17, 2026, we conducted a DCF analysis for Amphenol Corp (APH) amidst its notable price performance, which includes a year-to-date increase of 24.1% an

Key Takeaways Amphenol benefits from surging AI data center demand, with IT datacom sales up 89% in Q2'26.APH's Q2'26 orders jumped 94% to $10.7 billion, with organic orders rising 63% year over year.Amphenol raised its 2026 CommScope outlook to $4.6 billion in sales and 30 cents of EPS accretion. Amphenol (APH - Free Report) shares closed at $167.23 on Aug. 11, very close to the 52-week high of $178.52 hit on June 30. APH’s shares have risen 23.8% year to date (YTD), outperforming the Zacks Computer and Technology sector’s appreciation of 16.9%. The outperformance can be attributed to accelerating demand for APH’s high-speed and power interconnects that are used in AI servers and networking. Amphenol remains one of the biggest beneficiaries of AI data center investments. This, along with strong organic growth, acquisition synergies and improving profitability, is driving prospects of the stock.

So, is Amphenol stock a buy right now? Let’s dig deep to find out.

AI Demand & Diversified End-Markets Aid APH’s ProspectsAPH appears particularly well positioned as hyperscalers and other customers increase investment in AI data centers. The company participates across the connectivity architecture through its high-speed copper, fiber optics, and power interconnects offerings, rather than relying on a single technology. Management noted that customers are demanding “more of everything,” with AI demand growing faster than the already-strong 63% organic IT datacom growth rate. IT datacom has become APH’s largest end market, accounting for 43% of the second-quarter 2026 sales. Sales in this market surged 89% year over year and 22% sequentially, driven by accelerating demand for products used in AI applications.

Amphenol benefits from a diversified end market. In the second quarter of 2026, revenues jumped 55% year over year to $8.8 billion, including a strong 30% organic increase. The increase to outsized IT datacom demand, together with strong growth in industrial, defense, commercial aerospace and mobile devices, drove the revenue performance. Moreover, second-quarter 2026 orders reached $10.7 billion, up 94% year over year, producing a robust book-to-bill ratio of 1.23X. Organic orders were also up 63%, indicating that the momentum was not merely acquisition-driven.

APH is benefiting from increasing investment in current and next-generation defense technologies globally, while capacity expansions and a broader product portfolio should help it capture this demand. Commercial aerospace is benefiting from higher aircraft production and increasing APH content on next-generation aircraft. On a combined basis, these businesses provide diversification away from the more AI-sensitive IT datacom market.

Meanwhile, industrial sales rose 18% organically in the second quarter of 2026, with growth across virtually all industrial segments and double-digit growth across all three geographic regions. The acquisition of El.Com expands APH’s high-voltage and value-added interconnect capabilities, while continued adoption of electronics, sensors and connectivity in industrial equipment should support longer-term content growth. APH is benefiting from electrified drivetrains and increasing electronic content in next-generation vehicles. Management continues to target design wins in higher-content platforms, which could allow APH to grow even if overall global vehicle production remains relatively subdued.

APH Rides on Acquisitions & Strong Cash Generation AbilityAmphenol’s CommScope acquisition is performing substantially better than anticipated. Management raised its 2026 expectation for CommScope to $4.6 billion of sales and 30 cents per share of adjusted earnings accretion, versus its earlier forecast of $4.1 billion and 15 cents per share, respectively. Better-than-expected integration and earnings contribution have strengthened investor confidence in APH’s acquisition strategy.

Beyond CommScope, APH completed the El.Com and Wilder Technologies acquisitions in the second quarter of 2026. Wilder strengthens high-speed test and measurement capabilities for IT datacom, while El.Com adds high-voltage interconnect solutions for industrial, defense and aerospace customers. Amphenol views its ability to acquire and successfully integrate complementary businesses as a core competitive advantage

Moreover, APH’s strong cash generation ability should support reinvestment and shareholder returns. In the second quarter of 2026, operating cash flow was $1.6 billion and free cash flow was $1.2 billion. APH also returned about $515 million to shareholders through dividends and buybacks. Strong cash generation gives the company flexibility to fund capacity additions, acquisitions and shareholder returns simultaneously.

APH Shares Outperform Peers, Trades at PremiumAPH shares have outperformed peers, including TE Connectivity (TEL - Free Report) , Belden (BDC - Free Report) and Aptiv (APTV - Free Report) in the YTD period. Shares of Belden have jumped 17.3%, while TE Connectivity and Aptiv have lost 4.4% and 35.5%, respectively, over the same time frame.

APH Stock’s Price Performance
Image Source: Zacks Investment Research

Amphenol is trading at a premium, as suggested by a Value Score of D.

In terms of the forward 12-month price-to-earnings (P/E), APH is trading at 28.18X compared with the broader Zacks Computer and Technology sector and peers. The broader sector is trading at 21.33X while TE Connectivity, Belden and Aptiv trade at 17.02X, 14.03X and 7.93X, respectively.

APH Stock’s Valuation
Image Source: Zacks Investment Research

Technically, APH shares are trading above the 50 and 200-day moving averages (SMAs), indicating a bullish trend.

APH Stock Trades Above 50 & 200-Day SMAs
Image Source: Zacks Investment Research

APH’s 3Q’26 Earnings Estimate Revision Shows Rising TrendAmphenol expects third-quarter 2026 earnings between $1.40 per share and $1.42 per share. Revenues are anticipated between $9.3 billion and $9.4 billion.

The Zacks Consensus Estimate for third-quarter 2026 earnings is pegged at $1.42 per share, up 14.5% over the past 30 days and indicates 52.69% growth over the year-ago quarter’s reported figure.

ConclusionAmphenol’s robust AI-driven demand, diversified end-market exposure, strong order growth and successful acquisition strategy paint a promising growth picture. The better-than-expected performance of CommScope, healthy cash generation and favorable earnings estimate revisions further strengthen APH’s prospects.

APH currently sports a Zacks Rank #1 (Strong Buy), which implies that investors should start accumulating the stock right now. You can see the complete list of today’s Zacks #1 Rank stocks here.

WALLINGFORD, Conn.--(BUSINESS WIRE)--Amphenol Corporation (NYSE: APH) today announced that at its meeting held on August 5, 2026, the Company's Board of Directors approved a two-for-one stock split to be paid in the form of a stock dividend. Each Amphenol shareholder of record at the close of business on August 17, 2026 will receive one additional share for every share held on the record date. Amphenol expects the additional shares will be distributed on September 2, 2026. Following the two-for.

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In "long context," investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.

While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.

Below, we take a look at Amphenol (APH - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.

It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Amphenol currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.

You can see the current list of Zacks #1 Rank Stocks here >>>

Set to Beat the Market? In order to see if APH is a promising momentum pick, let's examine some Momentum Style elements to see if this maker of fiber-optic products holds up.

A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.

For APH, shares are up 5.26% over the past week while the Zacks Electronics - Connectors industry is up 1.73% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 8.02% compares favorably with the industry's 7.26% performance as well.

While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of Amphenol have increased 33.99% over the past quarter, and have gained 58.74% in the last year. In comparison, the S&P 500 has only moved 7.68% and 23.46%, respectively.

Investors should also pay attention to APH's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. APH is currently averaging 7,055,593 shares for the last 20 days.

Earnings OutlookThe Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with APH.

Over the past two months, 5 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost APH's consensus estimate, increasing from $4.70 to $5.25 in the past 60 days. Looking at the next fiscal year, 5 estimates have moved upwards while there have been no downward revisions in the same time period.

Bottom LineGiven these factors, it shouldn't be surprising that APH is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Amphenol on your short list.

Posted by Defense World Staff on Aug 1st, 2026

Allen Capital Group LLC boosted its holdings in shares of Amphenol Corporation (NYSE:APH – Free Report) by 1,118.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 39,681 shares of the electronics maker’s stock after purchasing an additional 36,425 shares during the quarter. Allen Capital Group LLC’s holdings in Amphenol were worth $5,014,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC raised its stake in Amphenol by 163.8% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 113 shares in the last quarter. Tucker Asset Management LLC bought a new stake in Amphenol in the fourth quarter worth about $26,000. Clal Insurance Enterprises Holdings Ltd boosted its position in shares of Amphenol by 85.0% during the first quarter. Clal Insurance Enterprises Holdings Ltd now owns 198 shares of the electronics maker’s stock valued at $25,000 after buying an additional 91 shares during the period. Lloyd Advisory Services LLC. bought a new position in shares of Amphenol during the fourth quarter valued at approximately $29,000. Finally, HHM Wealth Advisors LLC purchased a new stake in shares of Amphenol in the first quarter worth approximately $27,000. 97.01% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets A number of equities research analysts recently weighed in on the stock. TD Cowen reiterated a “hold” rating and set a $175.00 price objective (up from $135.00) on shares of Amphenol in a report on Monday, July 13th. The Goldman Sachs Group boosted their price target on Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a report on Thursday, April 30th. JPMorgan Chase & Co. increased their target price on shares of Amphenol from $200.00 to $215.00 and gave the stock an “overweight” rating in a report on Thursday, July 16th. Evercore reiterated an “outperform” rating on shares of Amphenol in a research note on Wednesday, May 27th. Finally, Barclays reiterated an “overweight” rating and issued a $200.00 target price (up from $198.00) on shares of Amphenol in a report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $191.67.

View Our Latest Research Report on Amphenol

Amphenol Price Performance Amphenol stock opened at $160.72 on Friday. The company has a 50-day moving average price of $155.61 and a 200 day moving average price of $145.14. Amphenol Corporation has a 12-month low of $102.76 and a 12-month high of $178.52. The company has a current ratio of 1.89, a quick ratio of 1.26 and a debt-to-equity ratio of 1.10. The stock has a market cap of $197.73 billion, a P/E ratio of 40.28, a PEG ratio of 1.34 and a beta of 1.24.

Amphenol (NYSE:APH – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The electronics maker reported $1.35 EPS for the quarter, beating the consensus estimate of $1.19 by $0.16. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.26 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue for the quarter was up 55.0% compared to the same quarter last year. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. Sell-side analysts anticipate that Amphenol Corporation will post 4.95 earnings per share for the current year.

Amphenol Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 23rd were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.6%. Amphenol’s dividend payout ratio is presently 25.06%.

Amphenol News Summary Here are the key news stories impacting Amphenol this week:

Positive Sentiment: Record Q2 beat estimates: Amphenol reported earnings of $1.35 per share versus the $1.19 consensus and revenue of $8.76 billion versus expectations of $8.26 billion. Revenue grew 55% year over year, reflecting strong demand across connectivity markets. Amphenol Q2 Earnings Snapshot Positive Sentiment: AI demand is accelerating: Management highlighted robust orders and expanding demand for AI infrastructure, including high-speed connectivity products. Acquisitions are broadening Amphenol’s exposure to AI data centers and other key end markets, supporting higher 2026 expectations. Amphenol Builds AI Edge Through Strategic Acquisitions Positive Sentiment: Q3 outlook also topped expectations: Amphenol guided to approximately $1.40–$1.42 in third-quarter EPS, reinforcing expectations for continued momentum after the strong second quarter. Amphenol Surges After Q2 Results Positive Sentiment: Analysts raised targets: BNP Paribas Exane lifted its target to $215 from $200 with an “outperform” rating, while Truist raised its target to $215 and Citi increased its target to $210; all maintained bullish ratings. Analyst Price Target Changes Neutral Sentiment: Key consideration: The bullish outlook depends on sustained AI infrastructure spending, continued strong orders and successful integration of acquired businesses. At roughly 40 times earnings, expectations for execution remain elevated. Amphenol Q2 2026 Earnings Call Transcript Insider Activity at Amphenol In related news, CEO Richard Adam Norwitt sold 52,203 shares of the stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $142.04, for a total transaction of $7,414,914.12. Following the completion of the transaction, the chief executive officer owned 1,927,507 shares of the company’s stock, valued at approximately $273,783,094.28. This trade represents a 2.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Amphenol Company Profile (Free Report)

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

Further Reading Five stocks we like better than Amphenol Chevron’s Strong Quarter Shows Why It Still Leads the Energy Sector Amazon’s Earnings Beat Shows Why AWS Is Back at the Center of the Bull Case Apple’s Record Quarter Could Not Outrun Its Guidance Problem McKesson’s Compounding Keeps Adding Up

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Posted by Defense World Staff on Jul 31st, 2026

BankChampaign National Association acquired a new stake in Amphenol Corporation (NYSE:APH – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,326 shares of the electronics maker’s stock, valued at approximately $420,000.

Other hedge funds also recently added to or reduced their stakes in the company. Generali Asset Management SPA SGR raised its position in Amphenol by 20.2% during the 4th quarter. Generali Asset Management SPA SGR now owns 87,072 shares of the electronics maker’s stock worth $11,767,000 after purchasing an additional 14,612 shares during the last quarter. Praxis Investment Management Inc. boosted its holdings in Amphenol by 86.3% in the fourth quarter. Praxis Investment Management Inc. now owns 26,986 shares of the electronics maker’s stock valued at $3,647,000 after acquiring an additional 12,502 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Amphenol by 2.6% during the 4th quarter. Principal Financial Group Inc. now owns 2,750,490 shares of the electronics maker’s stock worth $371,704,000 after purchasing an additional 70,938 shares during the last quarter. Global Retirement Partners LLC raised its holdings in Amphenol by 110.5% during the 4th quarter. Global Retirement Partners LLC now owns 18,689 shares of the electronics maker’s stock worth $2,526,000 after purchasing an additional 9,812 shares during the last quarter. Finally, Tema Etfs LLC boosted its stake in shares of Amphenol by 65.8% in the 4th quarter. Tema Etfs LLC now owns 110,655 shares of the electronics maker’s stock valued at $14,954,000 after purchasing an additional 43,931 shares during the last quarter. 97.01% of the stock is currently owned by institutional investors and hedge funds.

Amphenol Price Performance Shares of NYSE:APH opened at $160.33 on Friday. Amphenol Corporation has a twelve month low of $102.76 and a twelve month high of $178.52. The stock’s 50 day moving average is $155.05 and its 200-day moving average is $145.03. The company has a quick ratio of 1.26, a current ratio of 1.89 and a debt-to-equity ratio of 1.10. The firm has a market capitalization of $197.24 billion, a price-to-earnings ratio of 40.18, a PEG ratio of 1.26 and a beta of 1.24.

Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The electronics maker reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.16. The business had revenue of $8.76 billion during the quarter, compared to the consensus estimate of $8.26 billion. Amphenol had a net margin of 17.73% and a return on equity of 39.87%. Amphenol’s revenue was up 55.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 EPS. Amphenol has set its Q3 2026 guidance at 1.400-1.420 EPS. Sell-side analysts forecast that Amphenol Corporation will post 4.95 EPS for the current fiscal year.

Amphenol Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, June 23rd. Amphenol’s dividend payout ratio is currently 25.06%.

Trending Headlines about Amphenol Here are the key news stories impacting Amphenol this week:

Positive Sentiment: Q2 results exceeded estimates: Amphenol reported adjusted EPS of $1.35, versus the $1.19 consensus estimate, while revenue reached $8.76 billion compared with expectations of $8.26 billion. Revenue increased 55% year over year, helped by strong IT datacom demand, broad organic growth and acquisitions. Amphenol earnings report Positive Sentiment: AI-related demand is supporting growth: Management highlighted record orders and accelerating demand for connectivity products used in artificial-intelligence infrastructure, contributing to a record quarter. AI connectivity growth article Positive Sentiment: Q3 outlook beat expectations: Amphenol forecast EPS of $1.40–$1.42 and revenue of $9.3–$9.4 billion, ahead of analyst estimates of $1.26 EPS and $8.6 billion in revenue. Amphenol Q2 results and outlook Positive Sentiment: Analyst sentiment improved: BNP Paribas Exane raised its price target to $215 from $200 and maintained an “outperform” rating. Citigroup raised its target to $210 from $195 with a “buy” rating, while Truist increased its target to $215 from $200 and also reiterated “buy.” Neutral Sentiment: Despite strong momentum, APH trades at a relatively elevated valuation, with a reported price-to-earnings ratio above 46, leaving the stock sensitive to any slowdown in AI infrastructure spending or disappointment in future guidance. Negative Sentiment: Broader market pressure from a sharp oil-price increase, geopolitical tensions and concerns ahead of the Federal Reserve’s decision created a less supportive backdrop for technology and growth stocks, although company-specific earnings strength outweighed those concerns. Insider Buying and Selling In other news, CEO Richard Adam Norwitt sold 17,500 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total value of $2,506,175.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at $276,038,277.47. This represents a 0.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.42% of the company’s stock.

Wall Street Analysts Forecast Growth A number of equities analysts recently weighed in on APH shares. Barclays reissued an “overweight” rating and set a $200.00 target price (up from $198.00) on shares of Amphenol in a research note on Monday, July 13th. Seaport Research Partners reiterated a “buy” rating and set a $215.00 price target on shares of Amphenol in a report on Thursday, April 30th. Citigroup upped their target price on Amphenol from $195.00 to $210.00 and gave the company a “buy” rating in a research report on Thursday. Evercore reiterated an “outperform” rating on shares of Amphenol in a report on Wednesday, May 27th. Finally, Rothschild & Co Redburn lifted their price objective on shares of Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Amphenol presently has a consensus rating of “Buy” and a consensus price target of $191.67.

Check Out Our Latest Stock Report on APH

Amphenol Profile (Free Report)

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

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The AI Boom Has a Second Act—And It's Playing Out in OpticsAmphenol NYSE: APH reported record second-quarter 2026 sales of $8.8 billion, up 55% year over year in U.S. dollars and 30% organically, as demand for artificial-intelligence infrastructure and broad strength across most end markets lifted results above the company’s guidance range.

Adjusted diluted earnings per share rose 67% from a year earlier to a record $1.35, while GAAP diluted EPS was $1.37. The company generated $1.6 billion in operating cash flow and $1.2 billion in free cash flow during the quarter.

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5 AI Infrastructure Stocks Smart Money Is Buying Before the Next Surge“Our results were stronger than expected, exceeding the high end of guidance in sales and adjusted diluted earnings per share,” Chief Executive Officer Adam Norwitt said on the company’s earnings call.

Orders and profitability advance Orders reached a record $10.732 billion, increasing 94% from the prior-year quarter and 14% sequentially. The resulting book-to-bill ratio was 1.23-to-1, with every end market reporting a positive book-to-bill ratio, according to CFO Craig Lampo.

3 Dividend Growth Stocks Quietly Raising PayoutsGAAP operating income was $2.6 billion and GAAP operating margin was 29.5%. Adjusted operating margin, excluding acquisition-related costs but including an $80 million benefit from the recovery of IEEPA tariffs, was 29.8%, up 420 basis points year over year and 250 basis points sequentially.

Lampo said the margin expansion reflected operating leverage on higher volumes, progress on profitability actions at recent acquisitions—particularly CommScope—and the tariff recovery benefit. Excluding the tariff benefit, Norwitt said adjusted operating margin was still nearly 29%.

Amphenol repurchased 1.5 million shares at an average price of $141 during the quarter. Including dividends, shareholder capital returns totaled about $515 million. At June 30, the company had $18.8 billion in total debt, $13.4 billion in net debt and $8.4 billion in total liquidity.

CommScope outlook improves The company highlighted continued momentum from its CommScope acquisition, which has been part of Amphenol for two full quarters. Amphenol now expects CommScope to generate $4.6 billion in 2026 sales and contribute $0.30 of earnings accretion, compared with previous expectations of $4.1 billion in sales and $0.15 of accretion.

CommScope generated more than $1.2 billion in second-quarter sales and operated at an operating margin above 20%, including acquisition-related amortization, Lampo said. He attributed the improvement to volume leverage, factory performance, vendor management and control of selling, general and administrative expenses rather than pricing.

Norwitt said CommScope is seeing growth across its communications networks, building-connectivity and IT datacom businesses. Its IT datacom operation, which is focused on advanced optical interconnect products, nearly doubled year over year, he said. Amphenol expects IT datacom to account for slightly less than half of CommScope’s 2026 sales, compared with roughly one-third in 2025.

The company also completed acquisitions of Italy-based El.Com Srl, a manufacturer of complex interconnect solutions and high-voltage cable assemblies with approximately $150 million in annual sales, and Washington-based Wilder Technologies, a supplier of test and measurement solutions with approximately $15 million in annual sales.

AI demand drives IT datacom growth IT datacom represented 43% of Amphenol’s quarterly sales and was the company’s largest end market. Sales in the segment rose 89% year over year in U.S. dollars and 63% organically, driven by accelerating demand for AI-related products and growth in the company’s base IT datacom business. Sequential sales increased 22%, with virtually all of that growth tied to AI-related products.

Norwitt said customers continue to seek more high-speed copper, fiber-optic and power interconnect solutions. He said Amphenol’s portfolio spans high-speed copper, optics and power products, which are used throughout data center systems.

“The one consistent thing we hear from our customers is they need more of everything,” Norwitt said.

The company expects a further mid-teens sequential increase in IT datacom sales during the third quarter as AI data-center investments continue to accelerate. Norwitt said the company does not see significant bottlenecks that would constrain its ability to meet customer demand, including potential fiber supply concerns.

Other markets show broad growth Defense: Sales rose 37% in U.S. dollars and 24% organically, representing 8% of total sales. Amphenol expects low-double-digit sequential growth in the third quarter. Commercial aerospace: Sales increased 22% in U.S. dollars and 21% organically, representing 4% of sales. The company expects modest third-quarter growth. Industrial: Sales rose 56% in U.S. dollars and 18% organically, representing 20% of sales. Management expects third-quarter sales to remain near elevated second-quarter levels. Automotive: Sales increased 9% in U.S. dollars and 6% organically, representing 10% of sales. Third-quarter sales are expected to remain near second-quarter levels despite typical summer seasonality. Communications networks: Sales rose 55% in U.S. dollars, primarily reflecting CommScope, but declined 6% organically amid lower demand from network operators and wireless-equipment manufacturers. Third-quarter sales are expected to decline in the mid-teens sequentially. Mobile devices: Sales increased 17% in U.S. dollars and 14% organically, with strength in smartphones, laptops and wearables. Amphenol expects roughly 20% sequential growth in the third quarter as customer programs launch. Third-quarter guidance Assuming current market conditions and constant currency exchange rates, Amphenol forecast third-quarter sales of $9.3 billion to $9.4 billion and adjusted diluted EPS of $1.40 to $1.42. The outlook implies year-over-year sales growth of 50% to 52% and adjusted EPS growth of 51% to 53%.

The guidance does not include additional net tariff recoveries, which Norwitt said are expected to be immaterial going forward.

About Amphenol (NYSE:APH)Amphenol Corporation NYSE: APH is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Key Takeaways Amphenol's Q2 earnings rose 66.7%, while revenues jumped 55% to $8.76 billion.Record orders of $10.7 billion reflected strong IT datacom demand and broad organic growth.Amphenol expects Q3 revenues of $9.3-$9.4 billion and adjusted EPS of $1.40-$1.42. Amphenol (APH - Free Report) reported second-quarter 2026 adjusted earnings of $1.35 per share, up 66.7% year over year. The figure beat the Zacks Consensus Estimate by 13%.

Revenues surged 55% year over year to $8.76 billion and surpassed the consensus mark by 5.51%. Growth was driven by strong organic performance across most end markets, exceptional IT datacom demand and acquisition contributions. Orders reached a record $10.7 billion, resulting in a book-to-bill ratio of 1.23:1.

APH Sees Broad-Based Demand StrengthOrganic net sales increased 30% year over year, while constant-currency sales advanced 54%. Acquisitions contributed 24 percentage points to reported growth, underscoring the combined impact of internal expansion and portfolio additions.
 

Communications Solutions led the performance with 42% organic growth. Harsh Environment Solutions and Interconnect and Sensor Systems delivered organic growth of 22% and 13%, respectively. Foreign currency movements added roughly one percentage point to consolidated growth.

Amphenol’s Segments Post Strong GrowthCommunications Solutions revenues jumped 85% year over year to $5.38 billion. The segment remained the company’s largest business, benefiting from strong demand for high-speed connectivity applications, particularly in the IT datacom market.

Harsh Environment Solutions sales increased 28.5% year over year to $1.86 billion. Interconnect and Sensor Systems revenues rose 17.2% year over year to $1.52 billion. The broad segment expansion reflected Amphenol’s diversified exposure to communications, industrial, defense, aerospace, automotive and other electronics markets.

The company completed the acquisitions of El.Com and Wilder Technologies during the quarter. El.Com, which generates annual sales of approximately $150 million, expands Amphenol’s complex interconnect and high-voltage cable capabilities. Wilder Technologies contributes high-performance test and measurement solutions for IT datacom applications.

APH Expands Margins on Scale and TariffsAdjusted operating income was $2.61 billion, up 80.2% year over year. Adjusted operating margin improved 420 basis points (bps) year over year to 29.8%.

Communications Solutions’ operating margin increased 300 bps to 33.6%. Harsh Environment Solutions’ margin expanded 490 bps to 30.1%, while the Interconnect and Sensor Systems margin rose 150 bps to 21%.

Amphenol Generates Solid Cash FlowAmphenol ended June with $4.73 billion in cash and cash equivalents. Including short-term investments, total cash and investments were $5.42 billion. Long-term debt, excluding the current portion, stood at $17.18 billion following the company’s acquisition activity.

Operating cash flow totaled $1.56 billion, up from $1.42 billion in the prior-year quarter. Free cash flow increased to $1.21 billion from $1.12 billion, despite capital expenditures rising to $355.5 million.

Capital returns remained substantial. APH repurchased 1.5 million shares for $208 million and paid $307 million in dividends, returning a combined $515 million to shareholders during the quarter.

APH Benefits From Stronger CommScope ResultsAmphenol raised its expectations for the acquired CommScope business following better-than-anticipated performance. The operation is now projected to generate full-year sales of $4.6 billion and contribute 30 cents to adjusted earnings per share in 2026.

The revised outlook compares favorably with the previous expectations of $4.1 billion in revenues and 15 cents of adjusted earnings accretion. The improvement highlights the earnings leverage from the acquisition as Amphenol integrates the connectivity and cable operations.

Amphenol Issues Upbeat Q3 GuidanceFor the third quarter of 2026, Amphenol expects revenues between $9.3 billion and $9.4 billion. The range implies year-over-year growth of 50-52%, assuming current market conditions and constant exchange rates.

Adjusted earnings are projected between $1.40 and $1.42 per share, representing growth of 51-53% from the prior-year quarter. The guidance excludes any additional tariff recoveries, making underlying demand and acquisition execution central to the upcoming quarter’s performance.

Zacks Rank & Upcoming Earnings to WatchCurrently, Amphenol sports a Zacks Rank #1 (Strong Buy).

Lumentum (LITE - Free Report) , Arrow Electronics (ARW - Free Report) and HubSpot (HUBS - Free Report) are some top-ranked stocks in the broader Zacks Computer and Technology sector. Each of the three stocks sports a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Lumentum, Arrow Electronics and HubSpot are expected to report their quarterly results on Aug. 11, Aug. 6, and Aug. 5, respectively. Shares of HubSpot have dropped 40.7%, while Arrow Electronics and Lumentum have jumped 91.8% and 76.8%, year to date, respectively.

Amphenol (APH - Free Report) came out with quarterly earnings of $1.35 per share, beating the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +13.45%. A quarter ago, it was expected that this maker of fiber-optic products would post earnings of $0.95 per share when it actually produced earnings of $1.06, delivering a surprise of +11.58%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Amphenol, which belongs to the Zacks Electronics - Connectors industry, posted revenues of $8.76 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 5.51%. This compares to year-ago revenues of $5.65 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Amphenol shares have added about 6.5% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Amphenol?While Amphenol has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Amphenol was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.30 on $8.56 billion in revenues for the coming quarter and $4.87 on $33.58 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Connectors is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Computer and Technology sector, Arteris, Inc. (AIP - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 6.

This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +54.6%. The consensus EPS estimate for the quarter has been revised 7.7% lower over the last 30 days to the current level.

Arteris, Inc.'s revenues are expected to be $23.45 million, up 42.1% from the year-ago quarter.

Amphenol (APH - Free Report) reported $8.76 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 55%. EPS of $1.35 for the same period compares to $0.81 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $8.3 billion, representing a surprise of +5.51%. The company delivered an EPS surprise of +13.45%, with the consensus EPS estimate being $1.19.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Amphenol performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Harsh Environment Solutions: $1.86 billion compared to the $1.8 billion average estimate based on two analysts. The reported number represents a change of +28.5% year over year.Net Sales- Interconnect and Sensor Systems: $1.52 billion versus the two-analyst average estimate of $1.52 billion. The reported number represents a year-over-year change of +17.2%.Net Sales- Communications Solutions: $5.38 billion versus the two-analyst average estimate of $4.97 billion. The reported number represents a year-over-year change of +85%.Operating Income- Interconnect and Sensor Systems: $318.9 million versus the two-analyst average estimate of $312.89 million.Operating Income- Communications Solutions: $1.81 billion versus $1.53 billion estimated by two analysts on average.Operating Income- Harsh Environment Solutions: $559.3 million versus $502 million estimated by two analysts on average.View all Key Company Metrics for Amphenol here>>>

Shares of Amphenol have returned -18.4% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

Key Takeaways Amphenol expects Q2 earnings growth of 43-45% and revenue growth of 41-43% year over year.APH's IT datacom sales are set to rise sequentially as AI data center deployments continue expanding.Amphenol's growth may be tempered by acquisition costs and about $200 million in quarterly interest expense. Amphenol (APH - Free Report) is set to report its second-quarter 2026 results on July 29.

The company expects second-quarter 2026 earnings between $1.14 per share and $1.16 per share, indicating growth between 43% and 45% year over year. The Zacks Consensus Estimate for second-quarter 2026 earnings has increased 2.6% to $1.19 per share over the past 30 days, suggesting 46.91% growth from the figure reported in the year-ago quarter.

Amphenol expects second-quarter 2026 revenues between $8.1 billion and $8.2 billion, suggesting year-over-year growth in the 41-43% range. The Zacks Consensus Estimate for second-quarter revenues is pegged at $8.30 billion, indicating an increase of 46.92% from the figure reported in the year-ago quarter.

Consensus Estimate Trend
Image Source: Zacks Investment Research

Amphenol’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 14.08%.

Let’s see how things have shaped up for the upcoming announcement.

Factors to Drive Amphenol’s Q2 ResultsAmphenol’s second-quarter 2026 results are likely to have been driven by continued strength in the IT datacom business, supported by accelerating investments in AI infrastructure. The company projected a sequential increase in IT datacom sales in the low-teens percentage range as hyperscale and enterprise customers continued expanding AI data center deployments. IT datacom represented more than 40% of APH’s revenues in the first quarter of 2026, while sales jumped 99% year over year (81% organically) and 27% sequentially (16% organically).

APH has noted exceptionally strong demand for its high-speed copper, power and fiber-optic interconnect solutions, while the CommScope acquisition significantly broadened its portfolio across these technologies, strengthening its competitive position in next-generation AI architectures. Record first-quarter bookings and a 1.24 book-to-bill ratio had also provided healthy demand visibility entering the second quarter.

The to-be-reported quarter is also likely to have benefited from sustained momentum across Amphenol’s diversified end markets. The company expected high-single-digit sequential growth in both the industrial and defense businesses, supported by increasing defense spending, industrial automation, building connectivity and broad-based demand across geographies. Automotive revenues were projected to rise modestly sequentially as electronic content per vehicle continued increasing despite uneven vehicle production, while communications networks revenues were expected to remain stable with support from the CommScope integration. These diversified growth drivers reduce reliance on any single market and should have supported overall revenue growth.

Amphenol’s disciplined operating model is likely to have remained another positive driver during the to-be-reported quarter. In the first quarter, adjusted operating margin reached 27.3%, expanding 380 basis points (bps) year over year, despite the temporary dilution from the CommScope acquisition, reflecting robust operating leverage on higher volumes. Management also expressed confidence that CommScope's performance would continue improving under Amphenol’s operating model. Healthy cash generation, strong order activity and continued integration of acquired businesses are likely to have supported margins and earnings growth in the second quarter of 2026.

However, acquisition-related amortization, integration expenses and backlog adjustments are expected to have continued weighing on reported profitability. Operating margin in the first quarter of 2026 contracted 20 bps due to the dilutive impact of the CommScope acquisition. In addition, higher debt used to finance the CommScope acquisition has increased quarterly interest expense, which Amphenol expects to remain around $200 million through the remainder of 2026. This is expected to have hurt earnings in the to-be-reported quarter.

APH Shares Beat Sector, Trades at a PremiumAmphenol shares have appreciated 13% year to date (YTD), outperforming the Zacks Computer and Technology sector’s return of 9.7%.

APH has outperformed TE Connectivity (TEL - Free Report) and Belden (BDC - Free Report) but lagged Corning (GLW - Free Report) YTD. While Corning shares have returned 67.5%, TE Connectivity and Belden shares have dropped 10.8% and 11.8%, respectively, over the same time frame.

APH Stock’s Price Performance
Image Source: Zacks Investment Research

APH stock is trading at a premium, as suggested by the Value Score of D. In terms of the forward 12-month price/earnings, APH is trading at 28.22X, higher than the broader sector’s 22.92X, TE Connectivity’s 18.76X and Belden’s 15.61X. However, Amphenol is trading below Corning’s multiple of 30.53.

APH Stock Trades at a Premium
Image Source: Zacks Investment Research

AI Infrastructure Demand Aids APH’s ProspectsThe rapid expansion of AI computing infrastructure remains Amphenol’s largest long-term growth catalyst. The company believes the AI revolution is creating a unique opportunity because next-generation AI systems require significantly greater high-speed, power and fiber interconnect content. Following the CommScope acquisition, Amphenol now offers one of the industry's broadest portfolios of high-speed copper, fiber-optic and power interconnect products, positioning it to capture increasing content across AI clusters and future computing architectures.

Apart from AI, Amphenol continues to benefit from long-term structural growth across defense, aerospace, industrial automation, communications infrastructure and automotive electronics. Increasing defense modernization programs, rising electronic content in vehicles, aircraft production recovery, factory automation, electrification and building connectivity are major durable demand drivers. Amphenol’s acquisition strategy that expands the company’s technology portfolio, deepens customer relationships and creates cross-selling opportunities is a key catalyst.

ConclusionAmphenol appears well positioned heading into its second-quarter 2026 results, backed by strong AI-driven demand, healthy order trends and solid execution across its diversified end markets. While acquisition-related costs and higher interest expenses may continue to weigh on reported profitability in the near term, the company’s expanding AI interconnect portfolio, disciplined operating model and proven acquisition strategy provide a strong foundation for sustained growth. These factors justify the current premium valuation.

APH currently sports a Zacks Rank #1 (Strong Buy) and a Growth Score of B, a favorable combination that offers a strong investment opportunity, per the Zacks Proprietary methodology. You can see the complete list of today’s Zacks #1 Rank stocks here.

Amphenol Corporation (APH) shares up 6,875% since first institutional outlier signal in 2005.

APH designs, manufactures, and markets electrical, electronic and fiber optic connectors, interconnect systems, antennas, sensors and sensor-based products, as well as specialty cables. Its first-quarter fiscal 2026 earnings report showed record sales of $7.6 billion (a 33% year-over-year gain), adjusted diluted per-share earnings of $1.06 (a 68% rise), $1.1 billion in operating cash flow (120% of net income), and nearly $9.5 billion in orders (up 78%). The company reports again on July 29.

It’s no wonder APH shares are up 17% so far this year – and they could rise more. MoneyFlows data shows how Big Money investors are again betting heavily on the stock.

Institutions Push Amphenol Higher Institutional volumes reveal plenty. In the last year, APH has enjoyed strong investor demand, which we believe to be institutional support.

Each green bar signals unusually large volumes in APH shares. They reflect our proprietary inflow signal, pushing the stock higher:

Multiple inflows versus just one outflow from Big Money saw APH jump 57% in a year. Source: www.moneyflows.com Plenty of technology names are under accumulation right now. But there’s a powerful fundamental story happening with Amphenol.

Amphenol Fundamental Analysis Institutional support and a healthy fundamental backdrop make this company worth investigating. As you can see, APH has had strong sales and earnings growth:

3-year sales growth rate (+24.1%) 3-year EPS growth rate (+33.3%) Source: FactSet

Also, EPS is estimated to ramp higher this year by +19.3%.

Now it makes sense why the stock has been generating Big Money interest. APH has a track record of strong financial performance.

Marrying great fundamentals with MoneyFlows software has found some big winning stocks over the long term.

Amphenol has been a top-rated stock at MoneyFlows. That means the stock has unusual buy pressure and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

It’s earned 47 outlier inflow signals since 2005 and is up 6,875% since its first appearance on the rare Outlier 20 report. The blue bars below show when APH was a top pick in the last year…Big Money remains a supporter:

Eight outlier inflows spread over the course of a year prove institutions believe in APH. Source: www.moneyflows.com Tracking unusual volumes reveals the power of money flows.

This is a trait that most outlier stocks exhibit…the best of the best. Big Money demand drives stocks upward.

Amphenol Price Prediction The APH action isn’t new at all. Big Money buying in the shares is signaling to take notice. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no position in APH at the time of publication.

If you are a Registered Investment Advisor (RIA) or are a serious investor, take your investing to the next level and follow our free weekly MoneyFlows insights.

The market expects Amphenol (APH - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 29. On the other hand, if they miss, the stock may move lower.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus EstimateThis maker of fiber-optic products is expected to post quarterly earnings of $1.19 per share in its upcoming report, which represents a year-over-year change of +46.9%.

Revenues are expected to be $8.3 billion, up 46.9% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 5.53% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Amphenol?For Amphenol, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.12%.

On the other hand, the stock currently carries a Zacks Rank of #1.

So, this combination indicates that Amphenol will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Amphenol would post earnings of $0.95 per share when it actually produced earnings of $1.06, delivering a surprise of +11.58%.

Over the last four quarters, the company has beaten consensus EPS estimates four times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Amphenol appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Posted by Defense World Staff on Jul 21st, 2026

Baader Bank Aktiengesellschaft decreased its position in Amphenol Corporation (NYSE:APH – Free Report) by 50.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,159 shares of the electronics maker’s stock after selling 9,254 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Amphenol were worth $1,135,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC boosted its holdings in Amphenol by 163.8% during the fourth quarter. Vermillion & White Wealth Management Group LLC now owns 182 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 113 shares during the last quarter. Riggs Asset Managment Co. Inc. grew its position in Amphenol by 200.0% in the second quarter. Riggs Asset Managment Co. Inc. now owns 252 shares of the electronics maker’s stock valued at $25,000 after purchasing an additional 168 shares in the last quarter. Tucker Asset Management LLC acquired a new stake in Amphenol in the 4th quarter valued at $26,000. HHM Wealth Advisors LLC acquired a new stake in Amphenol in the 1st quarter valued at $27,000. Finally, Lloyd Advisory Services LLC. bought a new stake in Amphenol during the 4th quarter worth about $29,000. Institutional investors and hedge funds own 97.01% of the company’s stock.

Insider Buying and Selling at Amphenol In related news, CEO Richard Adam Norwitt sold 61,072 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $143.90, for a total value of $8,788,260.80. Following the sale, the chief executive officer owned 1,927,507 shares in the company, valued at approximately $277,368,257.30. This represents a 3.07% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders sold 130,775 shares of company stock worth $18,709,350. 1.42% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth A number of research firms have recently commented on APH. Evercore restated an “outperform” rating on shares of Amphenol in a research note on Wednesday, May 27th. Citigroup reiterated a “buy” rating and set a $195.00 target price (up from $180.00) on shares of Amphenol in a report on Monday, July 13th. Rothschild & Co Redburn increased their price target on Amphenol from $160.00 to $172.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. The Goldman Sachs Group raised their price target on Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. Finally, TD Cowen reaffirmed a “hold” rating and set a $175.00 price target (up from $135.00) on shares of Amphenol in a research report on Monday, July 13th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.00.

View Our Latest Stock Analysis on Amphenol

Amphenol Trading Down 0.5% Shares of NYSE:APH opened at $150.50 on Tuesday. Amphenol Corporation has a 52-week low of $95.19 and a 52-week high of $178.52. The company has a market capitalization of $185.15 billion, a P/E ratio of 43.25, a price-to-earnings-growth ratio of 1.29 and a beta of 1.24. The company has a 50-day simple moving average of $150.36 and a 200 day simple moving average of $144.16. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.26 and a current ratio of 1.71.

Amphenol (NYSE:APH – Get Free Report) last announced its quarterly earnings results on Wednesday, April 29th. The electronics maker reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.11. The firm had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.08 billion. Amphenol had a return on equity of 37.44% and a net margin of 17.24%.The business’s revenue was up 58.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.63 earnings per share. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Sell-side analysts forecast that Amphenol Corporation will post 4.87 earnings per share for the current year.

Amphenol Dividend Announcement The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.7%. Amphenol’s payout ratio is presently 28.74%.

Amphenol Company Profile (Free Report)

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

See Also Five stocks we like better than Amphenol The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding APH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Amphenol Corporation (NYSE:APH – Free Report).

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The technology sector is gaining momentum from the ongoing wave of digital transformation, driven by the rapid adoption of Artificial Intelligence (AI). Technology companies have been spending heavily on AI as demand expands beyond model training into inference, agentic AI and eventually physical AI, creating sustained demand for advanced semiconductors. Rather than being concentrated in a single chip category, AI is increasing investments across leading-edge logic, DRAM, NAND, High-Bandwidth Memory (HBM) and advanced packaging. Demand is being fueled by hyperscaler investments and enterprise AI adoption.

Simultaneously, as enterprises build AI applications, demand for platforms that simplify AI development, testing and deployment has been increasing. Enterprises are investing heavily in organizing, governing and preparing data and demand for enterprise automation software has been on the rise. AI workloads consume significantly more compute resources than traditional applications, making cloud observability and monitoring applications more in demand. AI expands the attack surface while enabling attackers to discover vulnerabilities faster, thereby driving cybersecurity spending.

These factors bode well for technology stocks, a number of which are set to report quarterly results over the next couple of weeks. We pick four technology stocks — Alphabet (GOOGL - Free Report) , Texas Instruments (TXN - Free Report) , Amphenol (APH - Free Report) and Lam Research (LRCX - Free Report) — well-poised to beat earnings estimates this season.

Technology Stocks Riding on AI Boom, InvestmentsAI demand is escalating, and that has increased the need for AI infrastructure capacity expansion, including AI-optimized IaaS, AI-optimized servers, AI network fabric, AI processing semiconductors and devices. Per Gartner, global AI spending is expected to hit $2.59 trillion in 2026, indicating 47% growth over 2025.

Massive investment in chips, particularly graphics processing units (GPUs), and customized accelerators is driving demand for semiconductors. Demand for advanced process technologies (3 nm and 5 nm) is increasing. Per the Semiconductor Industry Association data, semiconductor sales in April 2026 were $110.5 billion, up 93.9% year over year and 11% month over month. In May, sales were $120.6 billion, up 9.2% month over month and 104.1% year over year.

How to Pick Earnings Estimates Beating Stocks?Finding technology stocks with the potential to beat earnings estimates can be daunting. Our proprietary methodology, however, makes it fairly simple.

You could narrow down the list of choices by looking at stocks that have the combination of a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) and a positive Earnings ESP. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

 Earnings ESP is our proprietary methodology for determining stocks that have the best chances to surprise with their next earnings announcement. It is the percentage difference between the Most Accurate Estimate and the Zacks Consensus Estimate.

 Our research shows that for stocks with this combination of ingredients, the odds of a positive earnings surprise are as high as 70%.

Top BetsAlphabet currently has an Earnings ESP of +1.92% and a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

Alphabet’s second-quarter results are expected to have benefited from sustained momentum in Google Search. AI Overviews and AI Mode have been increasing user engagement and pushing search queries to record levels, while Gemini is improving Google’s understanding of longer and more complex queries. This should have supported paid-click growth, ad relevance and advertiser returns. The continued adoption of AI Max and Performance Max could also have lifted advertising demand as businesses use generative AI for targeting, creative development and bidding.

Google Cloud is likely to have remained the fastest-growing part of Alphabet’s business. YouTube should have provided another growth catalyst, supported by direct-response advertising, connected-TV viewing, Shorts monetization and improving brand demand.

The company is scheduled to report second-quarter 2026 results on July 22. The Zacks Consensus Estimate for earnings has increased by a penny to $2.87 per share over the past month and suggests 24.24% growth over the figure reported in the year-ago quarter.

Texas Instruments is scheduled to report its second-quarter 2026 results on July 22. The company has an Earnings ESP of +2.16% and a Zacks Rank #1.

Texas Instruments’ second-quarter performance is likely to have benefited from strong demand for its analog and embedded chips. The company’s analog business remains the largest contributor, which is showing renewed strength supported by improving industrial demand, stronger data center investments and stable automotive sales.

Texas Instruments is benefiting from rising demand for power-management chips used in AI-driven data center infrastructure. Gradually improving end-market demand and easing customer inventory adjustments are likely to have aided growth in the embedded processing business during the second quarter.

The Zacks Consensus Estimate for earnings has increased by a penny to $1.91 per share over the past month and suggests 35.46% growth over the figure reported in the year-ago quarter.

Amphenol has an Earnings ESP of +1.12% and currently sports a Zacks Rank #1.

The company is expected to have benefited from continued AI data center spending. AI-related products were the primary contributor to sequential organic growth in the first quarter of 2026, and demand remains robust. Amphenol expects another sequential increase in IT datacom revenues, driven by AI infrastructure investments.

In the first quarter of 2026, quarterly orders of $9.4 billion produced a 1.24X book-to-bill, with every end market posting a book-to-bill above one, providing strong visibility into future shipments. The acquisition of CommScope broadens Amphenol's high-speed copper, fiber optic and power interconnect offerings, strengthening its position in AI data centers and communications infrastructure. APH expects high-single-digit sequential growth in industrial and defense markets, supported by automation, building connectivity and rising defense spending.

The Zacks Consensus Estimate for earnings has increased 3 cents to $1.19 per share over the past month. The company is scheduled to report second-quarter 2026 results on July 29.

Lam Research is set to report fourth-quarter fiscal 2026 results on July 29. The company has an Earnings ESP of +1.38% and a Zacks Rank #1.

Lam Research is expected to have benefited from AI-driven wafer fab equipment (WFE) spending in the to be reported quarter. LRCX expects AI to continue driving demand across leading-edge logic, DRAM, NAND and advanced packaging, with WFE demand remaining supply-constrained by clean-room availability rather than end demand. Increasing adoption of Gate-All-Around, backside power, HBM, 3D DRAM and advanced packaging is expanding Lam Research’s served market and boosting equipment intensity. These factors are expected to have benefited LRCX’s fiscal fourth quarter results.

The consensus estimate for LRCX’s earnings has increased by a penny to $1.69 per share over the past 30 days and indicates 27.07% growth over the figure reported in the year-ago quarter.

Posted by Defense World Staff on Jul 19th, 2026

Ascent Wealth Partners LLC grew its holdings in Amphenol Corporation (NYSE:APH – Free Report) by 1,143.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 59,801 shares of the electronics maker’s stock after acquiring an additional 54,991 shares during the quarter. Ascent Wealth Partners LLC’s holdings in Amphenol were worth $7,556,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in APH. Capital Advisors Inc. OK increased its stake in Amphenol by 3.4% in the fourth quarter. Capital Advisors Inc. OK now owns 2,067 shares of the electronics maker’s stock valued at $279,000 after purchasing an additional 68 shares during the last quarter. Canvas Wealth Advisors LLC raised its holdings in Amphenol by 3.5% during the fourth quarter. Canvas Wealth Advisors LLC now owns 2,060 shares of the electronics maker’s stock worth $279,000 after purchasing an additional 70 shares in the last quarter. LOM Asset Management Ltd lifted its position in shares of Amphenol by 16.3% during the 4th quarter. LOM Asset Management Ltd now owns 500 shares of the electronics maker’s stock worth $68,000 after buying an additional 70 shares during the last quarter. Sachetta LLC boosted its holdings in shares of Amphenol by 14.9% in the 1st quarter. Sachetta LLC now owns 548 shares of the electronics maker’s stock valued at $69,000 after buying an additional 71 shares in the last quarter. Finally, Seeds Investor LLC boosted its holdings in shares of Amphenol by 4.0% in the 4th quarter. Seeds Investor LLC now owns 1,889 shares of the electronics maker’s stock valued at $255,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 97.01% of the company’s stock.

Amphenol Stock Down 1.4% Shares of NYSE:APH opened at $151.03 on Friday. Amphenol Corporation has a 1-year low of $95.19 and a 1-year high of $178.52. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.71 and a quick ratio of 1.26. The stock has a market cap of $185.81 billion, a P/E ratio of 43.40, a P/E/G ratio of 1.30 and a beta of 1.24. The firm has a fifty day moving average price of $149.80 and a 200 day moving average price of $144.01.

Amphenol (NYSE:APH – Get Free Report) last posted its quarterly earnings data on Wednesday, April 29th. The electronics maker reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.11. Amphenol had a net margin of 17.24% and a return on equity of 37.44%. The company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.08 billion. During the same period in the previous year, the business posted $0.63 earnings per share. Amphenol’s quarterly revenue was up 58.4% on a year-over-year basis. Amphenol has set its Q2 2026 guidance at 1.140-1.160 EPS. Sell-side analysts predict that Amphenol Corporation will post 4.87 EPS for the current year.

Amphenol Announces Dividend The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 23rd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, June 23rd. Amphenol’s payout ratio is 28.74%.

Analyst Ratings Changes Several equities research analysts recently commented on the stock. Bank of America lifted their price target on shares of Amphenol from $180.00 to $185.00 and gave the stock a “buy” rating in a research note on Thursday, July 9th. Rothschild & Co Redburn raised their price objective on Amphenol from $160.00 to $172.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Wall Street Zen cut Amphenol from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BNP Paribas Exane boosted their target price on Amphenol from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Thursday, May 28th. Finally, The Goldman Sachs Group upped their target price on Amphenol from $184.00 to $201.00 and gave the company a “buy” rating in a research report on Thursday, April 30th. Fourteen research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $186.00.

Read Our Latest Analysis on Amphenol

Insider Buying and Selling In other Amphenol news, CEO Richard Adam Norwitt sold 17,500 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $143.21, for a total transaction of $2,506,175.00. Following the completion of the sale, the chief executive officer directly owned 1,927,507 shares of the company’s stock, valued at approximately $276,038,277.47. This trade represents a 0.90% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 130,775 shares of company stock worth $18,709,350. 1.42% of the stock is owned by corporate insiders.

Amphenol Company Profile (Free Report)

Amphenol Corporation (NYSE: APH) is a leading global manufacturer of electronic and fiber optic connectors, interconnect systems, and related components. The company designs, engineers and produces a broad range of products including electrical connectors, cable assemblies, fiber optic solutions, sensors, antennas and electromechanical devices used to transfer power, signal and data across complex systems. Its product portfolio spans ruggedized connectors for harsh environments to high-speed solutions for data centers and telecommunications networks.

Amphenol serves a diverse set of end markets, including automotive, broadband and telecom, data communications, mobile devices, industrial, energy, and military/aerospace.

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Amphenol (APH - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Amphenol basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Amphenol imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.

Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for AmphenolThis maker of fiber-optic products is expected to earn $4.76 per share for the fiscal year ending December 2026, which represents no year-over-year change.

Analysts have been steadily raising their estimates for Amphenol. Over the past three months, the Zacks Consensus Estimate for the company has increased 10.2%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Amphenol to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

On July 13, 2026, we present a DCF analysis for Amphenol Corp (APH), a company that has shown significant price performance over the past year, with a remarkabl

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Amphenol (APH - Free Report) . This company, which is in the Zacks Electronics - Connectors industry, shows potential for another earnings beat.

This maker of fiber-optic products has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.94%.

For the most recent quarter, Amphenol was expected to post earnings of $0.95 per share, but it reported $1.06 per share instead, representing a surprise of 11.58%. For the previous quarter, the consensus estimate was $0.93 per share, while it actually produced $0.97 per share, a surprise of 4.30%.

Price and EPS Surprise

For Amphenol, estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.

Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Amphenol currently has an Earnings ESP of +0.43%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 29, 2026.

With the Earnings ESP metric, it's important to note that a negative value reduces its predictive power; however, a negative Earnings ESP does not indicate an earnings miss.

Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.

Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

Amphenol is well-positioned as Nvidia's primary connector supplier, benefiting from hyperscaler AI data center capex and robust IT Datacom growth. APH's IT Datacom segment contributed 41% of revenues in Q1 2026. Strong execution is reflected in APH's 26% operating and 30% cash flow margins, even amid ongoing acquisitions and integration.