Amphenol Q3 sales beat estimates on IT datacom growth and acquisitions
APH•APH•APH•APH•Amphenol reported Q3 sales of $10.23 billion, up 65% year over year and above the $9.46 billion consensus estimate. Adjusted EPS rose 74% to $0.80, also beating estimates; the company raised its dividend by 20% and announced a new $4 billion stock buyback.
Amphenol said Q3 sales rose 65% year over year to $10.23 billion, beating analyst expectations of $9.46 billion. Adjusted EPS increased 74% to $0.80, above the $0.72 consensus, and net income was $2.05 billion.
The company attributed sales growth to strong organic growth across most end markets, especially IT datacom, and contributions from acquisitions. It reported record Q3 orders and a book-to-bill ratio of 1.19, while adjusted operating margin reached 29.7%. Amphenol expects Q4 sales of $10.3 billion to $10.5 billion and 2026 sales of $36.9 billion to $37.1 billion; those outlook figures exclude pending acquisitions AdvancedPCB, Dexgreen and Humanetics Sensors.
Amphenol raised its dividend by 20% and announced a new $4 billion stock buyback.
