Amphenol
ConvictionStrong
Diversified serial acquirer: designs and manufactures connectors, cable, interconnect assemblies, antennas and sensors across ~8 end markets (IT datacom, mobile networks, auto, industrial, defense, commercial air, broadband, mobile devices). Decentralized entrepreneurial operating model; growth from organic content gains plus a disciplined bolt-on M&A machine. Sells primarily B2B to OEMs, hyperscalers and contract manufacturers.
Revenue
$25.90B TTMas of Q1 FY26); $23.1B FY2025Rev growth
~+54% TTM YoY+52% FY2025; +58.4% Q1 FY26 YoYGross margin
~33%approx., historically low-30s; not separately broken out in earnings summaryOp margin
25.4% GAAP / 26.2% adjusted FY202527.3% adjusted in Q1 FY26 (+380bps YoYCapex intensity
~4-4.5% of revenueFY2025 OCF $5.4B vs FCF $4.4B implies ~$1B capexMarket cap
~$202BNYSE: APH, at $164.59 on 2026-07-02; ~1.23B sharesThe read
Where our coverage leans
Coverage leans bullish
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Full financial intelligence for Amphenol
Earnings, margins & COGS, the income-statement breakdown, SWOT, moats & dependencies, the supplier–customer ecosystem graph, top signals & trends, and the valuation range.
- Income statement & margin structure
- SWOT, moats & dependency map
- Supplier–customer ecosystem graph
- Signals, trends & valuation range
Not investment advice — analyst work product for a qualified professional.· intel vintage 2026-07· sign in (free) for the analyst summary; Pro unlocks full intelligence