Amphenol Corp - Class A
Q3 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −1.31%.
Did APH Beat Earnings? Q3 2025 Results
Amphenol delivered a blowout third quarter of 2025, with revenue of $6.19 billion climbing 53.4% year over year and beating the $5.56 billion consensus estimate by 11.49%, while adjusted diluted EPS of $0.93 topped the $0.80 consensus by 16.48%. The primary engine behind those figures was an explosive performance in the Communications Solutions segment, where revenue of $3.31 billion nearly doubled year over year on surging demand in the IT datacom market, a trend that also helped push both GAAP and adjusted operating margins to 27.5%. Free cash flow of $1.22 billion, roughly double the year-ago level, underscored the breadth of the quarter's strength. The company also lifted its quarterly dividend by 52% to $0.25 per share, signaling confidence in its trajectory. Looking ahead, management guided Q4 revenue of $6.00 billion to $6.10 billion and adjusted EPS of $0.89 to $0.91, with the pending acquisition of CommScope's CCS connectivity business now expected to close by end of Q1 2026, a modest delay from prior expectations.
- Exceptional organic growth in the IT datacom market
- Strong organic growth in virtually all end markets
- Contributions from the Company's acquisition program
- Record operating margin of 27.5%
- 41% organic net sales growth year-over-year
“We are pleased to have closed the third quarter of 2025 with record sales and Adjusted Diluted EPS, both significantly exceeding the high end of our guidance. Sales increased from prior year by 53%, driven by strong organic growth in virtually all of our end markets, including exceptional organic growth in the IT datacom market, as well as contributions from the Company's acquisition program. In the third quarter, we once again realized excellent profitability with Operating Margin reaching a record 27.5%. We are extremely proud of the Company's outstanding performance.”
Amphenol CEO, on the earnings call
Forward Guidance & Outlook
For Q4 2025, Amphenol expects sales of $6.0 billion to $6.1 billion (39%-41% YoY increase) and Adjusted Diluted EPS of $0.89 to $0.91 (62%-65% YoY increase). For full year 2025, the company expects sales of $22.66 billion to $22.76 billion (49%-50% YoY increase) and Adjusted Diluted EPS of $3.26 to $3.28 (72%-74% YoY increase). This guidance assumes continuation of current market conditions and constant exchange rates, and excludes the impact of acquisitions not yet closed. The Trexon acquisition is expected to close by end of Q4 2025, and the CCS acquisition from CommScope is now expected to close by end of Q1 2026.
APH YoY Financials
APH Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.