APH
NYSE · Technology · Hardware, Equipment & Parts · US
Research · Oct 29, 2026
Amphenol (APH) Q3 2026 Earnings: AI Shipments Beat Guidance, Orders Still Lead
Amphenol Q3 2026 sales of $10.23 billion beat the top of guidance by about 8.8% as IT datacom grew 30% sequentially, while a 1.19 book-to-bill kept orders ahead of shipments.
Research · Sep 29, 2026
[APH] Amphenol: Q3 2026 Earnings Preview on AI Datacom Orders and CommScope
Amphenol grew Q2 2026 sales 55% to $8.76 billion with a 1.23 book-to-bill; Q3 results test whether AI datacom orders keep converting inside the $9.3-9.4 billion guide.
Research · Sep 3, 2026
[APH] Amphenol Thesis 2026: AI Datacenter Demand Transforms Communications Segment
Amphenol FY25 (Dec 31, 2025) at $23.09B net sales (+51.7%). Communications Solutions $12.06B (+91% — AI/datacenter interconnect engine), Harsh Environment $5.88B (+33%, military/aerospace), Interconnect & Sensor Systems $5.16B (+15%, auto/industrial). Segment OpMargin: CS 31.1%, HES 26.2%, ISS 19.5%. Reported OpMargin 27.2% (+430bp). Net income $4.31B (+76%); OCF $5.37B (+91%); FCF $4.39B (+104%); capex $997M (+50%). Capital return $1.47B (div $802M + buyback $665M); $826.9M authorization remaining. JPM PT $190 (OW); UBS PT $170 (Buy).
Research · Mar 12, 2026
AI Capex Super-Cycle: Ranking the Top 10 Infrastructure Beneficiaries by Order Book Strength
The AI infrastructure capex super-cycle is channeling $200B+ in hyperscaler spending into data centers, power, networking, and cooling. Arista Networks and Vertiv lead the ranking with the strongest order book visibility, while Amphenol offers the best growth-to-valuation ratio and Dell provides deep value at 12.8x forward earnings.
Research · Mar 12, 2026
Can power infrastructure companies like GEV and ETN sustain premium multiples as AI capex normalizes?
Power infrastructure stocks GEV, ETN, APH, VRT, and PWR have delivered extraordinary returns on AI data center demand, but trade at 27–59x forward earnings. Eaton and Amphenol offer the best risk-reward with proven margins and order momentum, while GE Vernova and Vertiv carry the highest valuation risk if hyperscaler capex normalizes.