Amphenol reported a 49% year-over-year revenue increase in the fourth quarter, driven by exceptional organic growth in IT datacom and contributions from its acquisition program. Adjusted diluted EPS rose 76% to $0.97, up from $0.55 a year ago, while operating margin expanded to 27.5%. Despite these record results beating consensus estimates on both the top and bottom lines, the stock declined 15% as investors weighed valuation multiples and near-term demand concerns in key end markets.

During the quarter, the company repurchased 1.3 million shares for $171 million and paid $202 million in dividends, bringing total capital returned in 2025 to nearly $1.5 billion. Amphenol completed five acquisitions last year, including Trexon in November, and on January 12 announced the closing of CommScope’s Connectivity and Cable Solutions business—expected to contribute approximately $4.1 billion in 2026 sales and $0.15 to adjusted diluted EPS. This disciplined use of cash underscores management’s commitment to enhancing shareholder value and expanding technological capabilities.

Assuming constant currency, Amphenol forecasts first-quarter sales of $6.90–7.00 billion, representing 43%–45% growth, and adjusted diluted EPS of $0.91–0.93, up 44%–48% year-over-year. Guidance includes roughly $900 million in sales and $0.02 of EPS accretion from the newly acquired CCS business. Management highlighted accelerating electronics innovation and diversified end-market exposure as key drivers for sustaining long-term growth and profitability.