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Amphenol

Amphenol (APH) Q2 2026 Earnings

Reported Jul 29, 2026 at 10:26 AM ET · SEC Source

Q2 26 EPS

$1.35

BEAT +12.98%

Est. $1.19

Q2 26 Revenue

$8.76B

BEAT +5.29%

Est. $8.32B

vs S&P Since Q2 26

+13.4%

BEATING MARKET

APH +17.5% vs S&P +4.0%

Market Reaction

Did APH Beat Earnings? Q2 2026 Results

Amphenol delivered a blowout second quarter for fiscal 2026, posting adjusted diluted EPS of $1.35 and revenue of $8.76 billion, beating Wall Street's consensus estimates of $1.19 and $8.32 billion by 13.25% and 5.29%, respectively, extending the con… Read more Amphenol delivered a blowout second quarter for fiscal 2026, posting adjusted diluted EPS of $1.35 and revenue of $8.76 billion, beating Wall Street's consensus estimates of $1.19 and $8.32 billion by 13.25% and 5.29%, respectively, extending the connector giant's streak of consensus EPS beats to four consecutive quarters. The primary engine behind the outperformance was explosive growth in the IT datacom market, which helped lift the Communications Solutions segment to $5.38 billion in sales, up 85% year-over-year, while total company revenue surged 55.0% from the prior-year period. The CommScope acquisition, closed in Q1 2026, is proving far more accretive than initially projected, with management raising its full-year CommScope revenue outlook to $4.60 billion from $4.10 billion and boosting expected EPS accretion to $0.30 from $0.15. Record orders of $10.70 billion and a book-to-bill ratio of 1.23:1 underscore the demand momentum, and with analysts maintaining bullish price targets on the stock, Amphenol's Q3 guidance of $9.30 billion to $9.40 billion in sales and adjusted EPS of $1.40 to $1.42 suggests the strong run is far from over.

Key Takeaways

  • • Exceptional organic growth in the IT datacom market
  • • Strong organic growth in most end markets, with 30% organic growth overall
  • • Better-than-expected CommScope acquisition performance
  • • $80 million net benefit from IEEPA tariff recoveries
  • • Record orders of $10.7 billion with book-to-bill of 1.23:1
  • • Acquisition contributions adding 24% to consolidated sales growth

APH Forward Guidance & Outlook

For Q3 2026, assuming continuation of current market conditions and constant exchange rates, Amphenol expects sales of $9.3 billion to $9.4 billion (50% to 52% year-over-year increase) and Adjusted Diluted EPS of $1.40 to $1.42 (51% to 53% increase from Q3 2025). This guidance does not include any additional tariff recoveries. The CommScope acquisition is now expected to generate full-year 2026 sales of $4.6 billion (up from prior expectation of $4.1 billion) and be $0.30 accretive to Adjusted Diluted EPS (up from $0.15).

24/7 Wall St

APH YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

APH Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26

“We are pleased to have closed the second quarter of 2026 with record sales and Adjusted Diluted EPS, both exceeding the high end of our guidance. Sales increased from prior year by 55%, driven by strong organic growth in most of our end markets, including exceptional organic growth in the IT datacom market, as well as contributions from the Company's acquisition program. We also booked record orders in the quarter, resulting in a book-to-bill of 1.23:1. The Company realized strong profitability during the quarter with Adjusted Operating Margin reaching 29.8%, inclusive of $80 million in net tariff recoveries. We are extremely proud of the Company's outstanding performance.”

— R. Adam Norwitt, Q2 2026 Earnings Press Release

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