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Amphenol

Amphenol (APH) Q1 2026 Earnings

Reported Apr 29, 2026 at 9:05 AM ET · SEC Source

Q1 26 EPS

$1.06

BEAT +11.96%

Est. $0.95

Q1 26 Revenue

$7.62B

BEAT +7.42%

Est. $7.09B

vs S&P Since Q1 26

+10.4%

BEATING MARKET

APH +14.2% vs S&P +3.8%

Market Reaction

Did APH Beat Earnings? Q1 2026 Results

Amphenol kicked off fiscal 2026 with a blowout first quarter, posting adjusted diluted EPS of $1.06 against a consensus estimate of $0.95, a beat of nearly 12%, while revenue of $7.62 billion topped expectations by 7.42% and surged 58.4% year over ye… Read more Amphenol kicked off fiscal 2026 with a blowout first quarter, posting adjusted diluted EPS of $1.06 against a consensus estimate of $0.95, a beat of nearly 12%, while revenue of $7.62 billion topped expectations by 7.42% and surged 58.4% year over year. The primary engine behind those headline numbers was the Communications Solutions segment, which alone generated $4.53 billion in sales, up 88% from a year ago, as AI-driven data center infrastructure spending accelerated demand for connectivity components. The quarter also captured a first full contribution from the recently closed CommScope CCS acquisition, which expanded Amphenol's balance sheet to $42.13 billion in total assets and was partly funded through $3.65 billion in new senior note issuances. Profitability held firm, with adjusted operating margin reaching 27.3%, even as two China tax items totaling $290 million weighed on GAAP results. Management guided Q2 2026 revenue of $8.10 billion to $8.20 billion and adjusted diluted EPS of $1.14 to $1.16, signaling continued confidence in AI-related demand through the remainder of the year.

Key Takeaways

  • • Exceptional organic growth in IT datacom market
  • • Strong organic growth across most end markets
  • • Contributions from acquisition program including CommScope CCS business
  • • Record orders of $9.4 billion with book-to-bill of 1.24:1
  • • Adjusted Operating Margin of 27.3%
  • • 33% organic net sales growth consolidated

APH Forward Guidance & Outlook

For Q2 2026, Amphenol expects sales in the range of $8.1 billion to $8.2 billion, representing 43% to 45% increase over the prior year quarter. Adjusted Diluted EPS is expected to be in the range of $1.14 to $1.16, representing a 41% to 43% increase from Q2 2025. Guidance assumes continuation of current market conditions and constant exchange rates. The company estimates acquisition-related costs, net of tax, of approximately $18.0 million ($0.01 per share) related to the CommScope acquisition in Q2 2026. GAAP Diluted EPS is expected to be $1.13 to $1.15.

24/7 Wall St

APH YoY Financials

Q1 2026 vs Q1 2025, source: SEC Filings

24/7 Wall St

APH Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“We are pleased to have closed the first quarter of 2026 with record sales and Adjusted Diluted EPS, both exceeding the high end of our guidance. Sales increased from prior year by 58%, 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 1.24:1. The Company realized strong profitability during the quarter with Adjusted Operating Margin reaching 27.3%. We are extremely proud of the Company's outstanding performance.”

— R. Adam Norwitt, Q1 2026 Earnings Press Release

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