Amphenol earnings: third quarter 2026

Amphenol, which makes connectors, cables and sensors, had a very fast-growing third quarter of 2026. Sales rose 65% from a year ago to $10,229.7 million, partly from companies it bought, but more than half of the growth came from the business it already had. Profit grew faster than sales, cash generation rose, and the company expects similar growth in the final quarter of the year. The main drag was a much higher bill for interest on the debt it carries. ¹

Against what analysts expected

Earnings per share of $0.79 as reported and $0.80 without one-off items both came in above the average forecast of four analysts, $0.73, as collected by Nasdaq's earnings calendar. ¹²

The strong points

• Sales rose 65% from a year ago, and more than half of that growth came from the business it already had rather than from the companies it bought. ¹
• Earnings per share without one-off items rose to $0.80, far above the same quarter a year earlier. ¹
• Operating profit, the profit from running the business before interest and tax, came to 29.5% of sales, higher than a year ago. ¹

The weak points

• Interest on its debt rose to $212.3 million, much faster than sales or operating profit. ¹
• Spending on equipment and buildings rose by about 78% from a year ago. ¹

What the company expects

• For the full year the company expects sales of $36.9 billion to $37.1 billion, and the release does not say whether that range was raised, cut or kept. ¹
• It raised what it expects from CommScope, the business it bought, to $5.1 billion in sales for the year, and says this is already included in its overall outlook. ¹

Our verdict on the quarter

A strong report. Sales and profit grew very fast, profit per share came in above analysts' average forecast and the company expects similar growth in the final quarter, held back only by a rising interest bill and no word on whether its overall outlook for the year moved.

The results as published

• The results release itself
• The filing it came with (SEC)

Notes

1. Amphenol's results release, 28 October 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 29 October 2026. ↩