APH

MKT CAP:$185B

Amphenol Corporation

Market Cap

$185B

Technology·Hardware, Equipment & Parts·🇺🇸 United States·NYSE

Technology·Hardware,·🇺🇸·NYSE

Stock Price

$150.54+$10.83 (+7.75%)

Apr 24, 2026

Company Details

Amphenol Corporation, together with its subsidiaries, primarily designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Hars...

CEO

Richard Adam Norwitt

IPO Date

Nov 8, 1991

Website

www.amphenol.com

Key Metrics TTM

Revenue

$14.5B

+14.2% YoY

Net Income

$2.3B

EPS (Diluted)

$1.86

Free Cash Flow

$2.4B

Revenue / Share

$11.44

Gross Margin

33.7%

Operating Margin

21.5%

Net Margin

16.1%

FCF Margin

16.6%

P/S

12.7x

P/E

79.2x

Earnings Reports

Q1 2025

Apr 29, 2026

PENDING

FY 2025

Feb 11, 2026

$23.1B+51.7%EPS $3.34

FY 2024

Feb 7, 2025

$15.2BEPS $1.92

Q4 2024

Feb 7, 2025

$4.3B+29.8%EPS $0.59

Q2 2024

Jul 26, 2024

$3.6BEPS $0.41

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q4 19	$2.2B	$679M	$430M
Q1 20	$1.9B	$560M	$317M
Q2 20	$2.0B	$604M	$357M
Q3 20	$2.3B	$735M	$476M
Q1 21	$2.4B	$728M	$465M
Q2 21	$2.7B	$843M	$532M
Q1 22	$3.0B	$927M	$590M
Q2 22	$3.1B	$1.0B	$649M
Q3 22	$3.3B	$1.1B	$693M
Q4 22	$3.2B	$1.0B	$676M
Q1 23	$3.0B	$943M	$597M
Q3 23	$3.2B	$1.0B	$667M
Q4 23	$3.3B	$1.1B	$706M
Q1 24	$3.3B	$1.1B	$685M
Q2 24	$3.6B	$1.2B	$769M
Q4 24	$4.3B	$1.5B	$966M

Valuation

Quarter	P/S	P/E
Q4 19	3.9x	26.5x
Q1 20	2.8x	20.2x
Q2 20	3.5x	25.5x
Q3 20	3.9x	27.7x
Q1 21	4.6x	33.7x
Q2 21	4.4x	31.3x
Q1 22	4.4x	30.8x
Q2 22	3.5x	24.7x
Q3 22	3.4x	23.4x
Q4 22	3.7x	24.8x
Q1 23	3.8x	25.2x
Q3 23	3.9x	25.3x
Q4 23	4.5x	29.3x
Q1 24	5.4x	34.0x
Q2 24	6.1x	38.7x
Q4 24	5.8x	35.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q4 19	$424M	$352M
Q1 20	$384M	$324M
Q2 20	$368M	$301M
Q3 20	$399M	$322M
Q1 21	$321M	$243M
Q2 21	$388M	$283M
Q1 22	$351M	$273M
Q2 22	$543M	$451M
Q3 22	$576M	$455M
Q4 22	$705M	$612M
Q1 23	$532M	$435M
Q3 23	$618M	$543M
Q4 23	$842M	$737M
Q1 24	$597M	$502M
Q2 24	$667M	$526M
Q4 24	$847M	$647M

Capital Expenditures

Quarter	CapEx
Q4 19	$72M
Q1 20	$61M
Q2 20	$68M
Q3 20	$77M
Q1 21	$78M
Q2 21	$105M
Q1 22	$78M
Q2 22	$91M
Q3 22	$121M
Q4 22	$94M
Q1 23	$98M
Q3 23	$75M
Q4 23	$105M
Q1 24	$94M
Q2 24	$141M
Q4 24	$200M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q4 19	+1.0%	+2.1%
Q1 20	-16.3%	-12.1%
Q2 20	+1.5%	+4.1%
Q3 20	+15.3%	+15.0%
Q1 21	+10.5%	+11.1%
Q2 21	+42.5%	+37.4%
Q1 22	+48.5%	+44.9%
Q2 22	+35.0%	+34.7%
Q3 22	+38.6%	+36.1%
Q4 22	+22.1%	+20.8%
Q1 23	+0.7%	+0.6%
Q3 23	+2.0%	+1.8%
Q4 23	+1.0%	+0.7%
Q1 24	+0.5%	+0.3%
Q2 24	+21.4%	+19.5%
Q4 24	+35.0%	+32.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q4 19	$17M	0.8%
Q1 20	$15M	0.8%
Q2 20	$17M	0.8%
Q3 20	$19M	0.8%
Q1 21	$19M	0.8%
Q2 21	$20M	0.8%
Q1 22	$20M	0.7%
Q2 22	$21M	0.7%
Q3 22	$24M	0.7%
Q4 22	$25M	0.8%
Q1 23	$22M	0.7%
Q3 23	$27M	0.8%
Q4 23	$27M	0.8%
Q1 24	$24M	0.7%
Q2 24	$27M	0.7%
Q4 24	$30M	0.7%

OpEx Breakdown

Quarter	R&D	SG&A
Q4 19	—	$249M
Q1 20	—	$243M
Q2 20	—	$246M
Q3 20	—	$259M
Q1 21	—	$263M
Q2 21	—	$312M
Q1 22	—	$337M
Q2 22	—	$355M
Q3 22	—	$367M
Q4 22	—	$362M
Q1 23	—	$346M
Q3 23	—	$382M
Q4 23	—	$394M
Q1 24	—	$404M
Q2 24	—	$444M
Q4 24	$453M	$515M

Revenue Segments

Quarter	Cable Products And Solutions	Interconnect Products And Assemblies	Communications Solutions	Harsh Environment Solutions	Interconnect and Sensor Systems
Q4 19	$100M	$2.1B	—	—	—
Q1 20	$83M	$1.8B	—	—	—
Q2 20	$89M	$1.9B	—	—	—
Q3 20	$102M	$2.2B	—	—	—
Q1 21	$97M	$2.3B	—	—	—
Q2 21	$113M	$2.5B	—	—	—
Q1 22	—	—	$1.3B	$728M	$904M
Q2 22	—	—	$1.4B	$790M	$968M
Q3 22	—	—	$1.5B	$794M	$983M
Q4 22	—	—	$1.4B	$795M	$1.0B
Q1 23	—	—	$1.1B	$854M	$993M
Q3 23	—	—	$1.3B	$887M	$1.0B
Q4 23	—	—	$1.3B	$900M	$1.1B
Q1 24	—	—	$1.3B	$916M	$1.1B
Q2 24	—	—	$1.4B	$1.0B	$1.1B
Q4 24	—	—	$2.0B	$1.4B	$1.2B

Revenue by Geography

Quarter	C [N]	Other Foreign Locations	U [S]
Q1 20	$418M	$829M	$615M
Q2 20	$644M	$773M	$570M
Q3 20	$721M	$934M	$669M
Q1 21	$661M	$1.0B	$674M
Q2 21	$690M	$1.2B	$779M
Q1 22	$756M	$1.3B	$914M
Q2 22	$759M	$1.3B	$1.0B
Q3 22	$900M	$1.3B	$1.1B
Q4 22	$849M	$1.3B	$1.1B
Q1 23	$619M	$1.3B	$1.1B
Q3 23	$754M	$1.3B	$1.1B
Q4 23	$844M	$1.4B	$1.1B
Q1 24	$670M	$1.5B	$1.1B
Q2 24	$758M	$1.6B	$1.3B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.2B	$52M	$1.3B
Q2 22	$1.2B	$119M	$1.3B
Q3 22	$1.2B	$63M	$1.3B
Q4 22	$1.4B	$61M	$1.4B
Q1 23	$1.4B	$108M	$1.5B
Q2 23	$1.3B	$178M	$1.5B
Q3 23	$1.5B	$253M	$1.7B
Q4 23	$1.5B	$185M	$1.7B
Q1 24	$1.9B	$106M	$2.0B
Q2 24	$1.3B	$50M	$1.3B
Q3 24	$1.6B	$20M	$1.6B
Q4 24	$3.3B	$18M	$3.3B
Q1 25	$1.7B	$15M	$1.7B
Q2 25	$3.2B	$19M	$3.2B
Q3 25	$3.8B	$89M	$3.9B
Q4 25	$11.1B	$304M	$11.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q4 19	1.23B	-0.1%	-1.3%
Q1 20	1.23B	-0.6%	-1.0%
Q2 20	1.22B	-0.8%	-1.5%
Q3 20	1.23B	+1.4%	-0.2%
Q1 21	1.25B	+1.2%	+1.2%
Q2 21	1.25B	-0.0%	+1.8%
Q1 22	1.25B	+0.3%	+2.9%
Q2 22	1.24B	-0.9%	+0.5%
Q3 22	1.24B	-0.1%	-0.8%
Q4 22	1.24B	+0.0%	-0.7%
Q1 23	1.24B	+0.1%	-0.9%
Q3 23	1.24B	+0.3%	+0.4%
Q4 23	1.24B	+0.0%	+0.5%
Q1 24	1.26B	+0.9%	+1.4%
Q2 24	1.26B	+0.7%	+2.0%
Q4 24	1.27B	+0.3%	+1.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q4 19	$29.1K	74K
Q1 20	$25.2K	74K
Q2 20	$26.9K	74K
Q3 20	$31.4K	74K
Q1 21	$29.7K	80K
Q2 21	$33.2K	80K
Q1 22	$32.8K	90K
Q2 22	$34.9K	90K
Q3 22	$36.6K	90K
Q4 22	$35.6K	91K
Q1 23	$32.7K	91K
Q3 23	$35.2K	91K
Q4 23	$35.0K	95K
Q1 24	$34.3K	95K
Q2 24	$38.0K	95K
Q4 24	$34.5K	125K

Revenue / Employee