APH · Amphenol Corporation

Amphenol Corporation delivered exceptional first quarter 2026 results, with sales surging to a record $7.6 billion, reflecting 58% reported growth and 33% organic growth over the prior year quarter. This performance was propelled by robust demand across most end markets, particularly exceptional organic expansion in the IT datacom sector, complemented by contributions from recent acquisitions including the newly completed purchase of CommScope’s CCS business. Orders reached a record $9.4 billion, yielding a healthy book-to-bill ratio of 1.24:1, signaling sustained momentum into future periods. Profitability shone through with GAAP diluted EPS of $0.72 (up 24%) and adjusted diluted EPS of $1.06 (up 68%), alongside adjusted operating margins expanding to 27.3%, underscoring operational efficiency and pricing power amid scale benefits. Cash generation remained strong, with $1.1 billion in operating cash flow and $831 million in free cash flow supporting aggressive shareholder returns totaling nearly $485 million, comprising 1.3 million shares repurchased for $178 million and $307 million in dividends. CEO R. Adam Norwitt highlighted the company's pride in exceeding guidance and its strategic positioning through organic innovation and acquisitions. Looking ahead, second quarter guidance projects sales of $8.1-8.2 billion (43-45% growth) and adjusted diluted EPS of $1.14-1.16 (41-43% growth), assuming stable market conditions and constant exchange rates, reinforcing confidence in the ongoing electronics revolution across diversified end markets like automotive, aerospace, communications, and data centers.