Q2 2026 Earnings

Reported July 29, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

Free Cash Flow

Income Statement

Cash Flow Statement

Balance Sheet

Operating metrics disclosed this quarter

Read from the filing itself — XBRL does not carry these, so no standard financial dataset has them.

Free Cash Flow
$2.04B
In addition to Operating Cash Flow, the Company also considers Free Cash Flow, a non-GAAP financial measure defined in the “Non-GAAP Financial Measures” section below, as a key metric in measuring the Company’s ability to generate cash. The following table reconciles Free Cash Flow to its most directly comparable U.S. GAAP financial measure for the six months ended June 30, 2026 and 2025. | | | | | | | | Six Months Ended | | June 30, | | 2026 | | 2025 Operating Cash Flow (GAAP) | $ | 2,678.7 | $ | 2,181.7 Capital expenditures (GAAP) | | | (647.1) | | | (485.7) Proceeds from disposals of property, plant and equipment (GAAP) | | 5.1 | | 5.7 Free Cash Flow (non-GAAP) | | $ | 2,036.7 | | $ | 1,701.7 ● | Free Cash Flow is defined as (i) Net cash provided by operating activities (“Operating Cash Flow” - as reported in accordance with U.S. GAAP) less (ii) capital expenditures (as reported in accordance with U.S. GAAP), net of proceeds from disposals of property, plant and equipment (as reported in accordance with U.S. GAAP), all of which are derived from the Condensed Consolidated Statements of Cash Flow. Free Cash Flow is an important liquidity measure for the Company, as we believe it is useful for management and investors to assess our ability to generate cash, as well as to assess how much cash can be used to reinvest in the growth of the Company or to return to stockholders through either stock repurchases or dividends.
Adjusted Operating Income
$2.61B
The following tables reconcile Adjusted Operating Income, Adjusted Operating Margin, Adjusted Net Income attributable to Amphenol Corporation, Adjusted Effective Tax Rate and Adjusted Diluted EPS (each as defined in the “Non-GAAP Financial Measures” section below) to the most directly comparable U.S. GAAP financial measures for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2026 | | 2025 | | | | | | | Net Income | | | | | | | | | | | Net Income | | | | | | | | | | | attributable | | Effective | | | | | | | | | attributable | | Effective | | | | Operating | | Operating | | to Amphenol | | Tax | | Diluted | | Operating | | Operating | | to Amphenol | | Tax | | Diluted | | Income (3) | | Margin (1) | | Corporation | | Rate (1) | EPS | | Income | | Margin (1) | | Corporation | | Rate (1) | EPS Reported (GAAP) | | $ | 2,584.6 | | 29.5 | % | $ | 1,769.2 | | 25.3 | % | $ | 1.37 | | $ | 1,418.8 | | 25.1 | % | $ | 1,091.3 | | 18.3 | % | $ | 0.86 Amortization of acquisition-related inventory step-up costs | | | — | | — | | | — | | — | | | — | | | 16.9 | | 0.3 | | | 12.9 | | — | | | 0.01 Acquisition-related expenses | | | 23.5 | | 0.3 | | | 18.0 | | — | | | 0.01 | | | 12.0 | | 0.2 | | | 11.2 | | (0.2) | | | 0.01 Excess tax benefits related to stock-based compensation | | | — | | — | | | (80.5) | | 3.4 | | | (0.06) | | | — | | — | | | (85.3) | | 6.3 | | | (0.07) Discrete tax items | | | — | | — | | | 39.0 | | (1.6) | | | 0.03 | | | — | | — | | | — | | — | | | — Adjusted (non-GAAP) (2) | | $ | 2,608.1 | | 29.8 | % | $ | 1,745.7 | | 27.0 | % | $ | 1.35 | | $ | 1,447.7 | | 25.6 | % | $ | 1,030.1 | | 24.5 | % | $ | 0.81 In addition to assessing the Company’s financial condition, results of operations, liquidity and cash flows in accordance with U.S. GAAP, management utilizes certain non-GAAP financial measures, defined below, as part of its internal reviews for purposes of monitoring, evaluating and forecasting the Company’s financial performance, communicating operating results to the Board and assessing related employee compensation measures. Management believes that these non-GAAP financial measures may be helpful to investors in assessing the Company’s overall financial performance, trends and period-over-period comparative results, in addition to the reasons noted below. Non-GAAP financial measures related to operating income, operating margin, net income attributable to Amphenol Corporation, effective tax rate and diluted EPS exclude income and expenses that are not directly related to the Company’s operating performance during the periods presented. Items excluded in the presentation of such non-GAAP financial measures in any period may consist of, without limitation, acquisition-related expenses, refinancing-related costs, the excess tax benefits related to stock-based compensation and certain other discrete tax items including, but not limited to, (i) the impact of tax audits relating to prior periods and (ii) significant changes in tax law. Non-GAAP financial measures related to net sales exclude the impact of foreign currency exchange rates and acquisitions. The non-GAAP financial information contained herein is included for supplemental purposes only and should not be considered in isolation or as a substitute for or superior to the related U.S. GAAP financial measures. In addition, these non-GAAP financial measures are not necessarily the same or comparable to similar measures presented by other companies as such measures may be calculated differently or may exclude different items. The non-GAAP financial measures defined below should be read in conjunction with the Company’s financial statements presented in accordance with U.S. GAAP. The reconciliations of these non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures for the three and six months ended June 30, 2026 and 2025 are included in “Results of Operations” and “Liquidity and Capital Resources” within this Item 2: 48 Table of Contents ● | Adjusted Diluted EPS is defined as diluted earnings per share (as reported in accordance with U.S. GAAP), excluding income and expenses and their specific tax effects that are not directly related to the Company’s operating performance during the periods presented. Adjusted Diluted EPS is calculated as Adjusted Net Income attributable to Amphenol Corporation, as defined below, divided by the weighted average outstanding diluted shares as reported in the Condensed Consolidated Statements of Income. ● | Adjusted Effective Tax Rate is defined as Provision for income taxes, as reported in the Condensed Consolidated Statements of Income, expressed as a percentage of Income before income taxes, as reported in the Condensed Consolidated Statements of Income, each excluding income and expenses and their specific tax effects that are not directly related to the Company’s operating performance during the periods presented. ● | Adjusted Net Income attributable to Amphenol Corporation is defined as Net income attributable to Amphenol Corporation, as reported in the Condensed Consolidated Statements of Income, excluding income and expenses and their specific tax effects that are not directly related to the Company’s operating performance during the periods presented. ● | Adjusted Operating Income is defined as Operating income, as reported in the Condensed Consolidated Statements of Income, excluding income and expenses that are not directly related to the Company’s operating performance during the periods presented. ● | Adjusted Operating Margin is defined as Adjusted Operating Income (as defined above) expressed as a percentage of Net sales (as reported in the Condensed Consolidated Statements of Income).

Adjusted Operating Margin

29.8%

The following tables reconcile Adjusted Operating Income, Adjusted Operating Margin, Adjusted Net Income attributable to Amphenol Corporation, Adjusted Effective Tax Rate and Adjusted Diluted EPS (each as defined in the “Non-GAAP Financial Measures” section below) to the most directly comparable U.S. GAAP financial measures for the three and six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, | | 2026 | | 2025 | | | | | | | Net Income | | | | | | | | | | | Net Income | | | | | | | | | | | attributable | | Effective | | | | | | | | | attributable | | Effective | | | | Operating | | Operating | | to Amphenol | | Tax | | Diluted | | Operating | | Operating | | to Amphenol | | Tax | | Diluted | | Income (3) | | Margin (1) | | Corporation | | Rate (1) | EPS | | Income | | Margin (1) | | Corporation | | Rate (1) | EPS Reported (GAAP) | | $ | 2,584.6 | | 29.5 | % | $ | 1,769.2 | | 25.3 | % | $ | 1.37 | | $ | 1,418.8 | | 25.1 | % | $ | 1,091.3 | | 18.3 | % | $ | 0.86 Amortization of acquisition-related inventory step-up costs | | | — | | — | | | — | | — | | | — | | | 16.9 | | 0.3 | | | 12.9 | | — | | | 0.01 Acquisition-related expenses | | | 23.5 | | 0.3 | | | 18.0 | | — | | | 0.01 | | | 12.0 | | 0.2 | | | 11.2 | | (0.2) | | | 0.01 Excess tax benefits related to stock-based compensation | | | — | | — | | | (80.5) | | 3.4 | | | (0.06) | | | — | | — | | | (85.3) | | 6.3 | | | (0.07) Discrete tax items | | | — | | — | | | 39.0 | | (1.6) | | | 0.03 | | | — | | — | | | — | | — | | | — Adjusted (non-GAAP) (2) | | $ | 2,608.1 | | 29.8 | % | $ | 1,745.7 | | 27.0 | % | $ | 1.35 | | $ | 1,447.7 | | 25.6 | % | $ | 1,030.1 | | 24.5 | % | $ | 0.81 In addition to assessing the Company’s financial condition, results of operations, liquidity and cash flows in accordance with U.S. GAAP, management utilizes certain non-GAAP financial measures, defined below, as part of its internal reviews for purposes of monitoring, evaluating and forecasting the Company’s financial performance, communicating operating results to the Board and assessing related employee compensation measures. Management believes that these non-GAAP financial measures may be helpful to investors in assessing the Company’s overall financial performance, trends and period-over-period comparative results, in addition to the reasons noted below. Non-GAAP financial measures related to operating income, operating margin, net income attributable to Amphenol Corporation, effective tax rate and diluted EPS exclude income and expenses that are not directly related to the Company’s operating performance during the periods presented. Items excluded in the presentation of such non-GAAP financial measures in any period may consist of, without limitation, acquisition-related expenses, refinancing-related costs, the excess tax benefits related to stock-based compensation and certain other discrete tax items including, but not limited to, (i) the impact of tax audits relating to prior periods and (ii) significant changes in tax law. Non-GAAP financial measures related to net sales exclude the impact of foreign currency exchange rates and acquisitions. The non-GAAP financial information contained herein is included for supplemental purposes only and should not be considered in isolation or as a substitute for or superior to the related U.S. GAAP financial measures. In addition, these non-GAAP financial measures are not necessarily the same or comparable to similar measures presented by other companies as such measures may be calculated differently or may exclude different items. The non-GAAP financial measures defined below should be read in conjunction with the Company’s financial statements presented in accordance with U.S. GAAP. The reconciliations of these non-GAAP financial measures to the most directly comparable U.S. GAAP financial measures for the three and six months ended June 30, 2026 and 2025 are included in “Results of Operations” and “Liquidity and Capital Resources” within this Item 2: 48 Table of Contents ● | Adjusted Diluted EPS is defined as diluted earnings per share (as reported in accordance with U.S. GAAP), excluding income and expenses and their specific tax effects that are not directly related to the Company’s operating performance during the periods presented. Adjusted Diluted EPS is calculated as Adjusted Net Income attributable to Amphenol Corporation, as defined below, divided by the weighted average outstanding diluted shares as reported in the Condensed Consolidated Statements of Income. ● | Adjusted Effective Tax Rate is defined as Provision for income taxes, as reported in the Condensed Consolidated Statements of Income, expressed as a percentage of Income before income taxes, as reported in the Condensed Consolidated Statements of Income, each excluding income and expenses and their specific tax effects that are not directly related to the Company’s operating performance during the periods presented. ● | Adjusted Net Income attributable to Amphenol Corporation is defined as Net income attributable to Amphenol Corporation, as reported in the Condensed Consolidated Statements of Income, excluding income and expenses and their specific tax effects that are not directly related to the Company’s operating performance during the periods presented. ● | Adjusted Operating Income is defined as Operating income, as reported in the Condensed Consolidated Statements of Income, excluding income and expenses that are not directly related to the Company’s operating performance during the periods presented. ● | Adjusted Operating Margin is defined as Adjusted Operating Income (as defined above) expressed as a percentage of Net sales (as reported in the Condensed Consolidated Statements of Income).

Constant Currency Net Sales Growth

54.0%

The table below reconciles Constant Currency Net Sales Growth and Organic Net Sales Growth to the most directly comparable U.S. GAAP financial measures, by segment, geography and consolidated, for the three and six months ended June 30, 2026 compared to the three and six months ended June 30, 2025: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Percentage Growth (relative to same prior year period) (1) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Net sales | | Foreign | | Constant | | | | Organic | | | | | | | | growth in | | currency | | Currency Net | | Acquisition | | Net Sales | | | | | | | | U.S. Dollars (2) | | impact (3) | | Sales Growth (4) | | impact (5) | | Growth (4) Three Months Ended June 30, | | 2026 | | 2025 | | (GAAP) | | (non-GAAP) | | (non-GAAP) | | (non-GAAP) | | (non-GAAP) Net sales by: | | | | | | | | | | | | | | | | | | | | | Segment: | | | | | | | | | | | | | | | | | | | | | Communications Solutions | | $ | 5,383.6 | | $ | 2,909.8 | | 85 | % | | 1 | % | | 84 | % | | 42 | % | | 42 | % Harsh Environment Solutions | | | 1,856.8 | | 1,445.2 | | 28 | % | | 1 | % | | 28 | % | | 6 | % | | 22 | % Interconnect and Sensor Systems | | 1,517.7 | | 1,295.3 | | 17 | % | | 1 | % | | 16 | % | | 3 | % | | 13 | % Consolidated | | $ | 8,758.1 | | $ | 5,650.3 | | 55 | % | | 1 | % | | 54 | % | | 24 | % | | 30 | % | | | | | | | | | | | | | | | | | | | | | Geography (6): | | | | | | | | | | | | | | | | | | | United States | | $ | 3,413.8 | $ | 1,937.3 | | 76 | % | | — | % | | 76 | % | | 52 | % | | 23 | % Foreign | | 5,344.3 | | 3,713.0 | | 44 | % | | 1 | % | | 43 | % | | 10 | % | | 33 | % Consolidated | | $ | 8,758.1 | | $ | 5,650.3 | | 55 | % | | 1 | % | | 54 | % | | 24 | % | | 30 | % | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, | | | | | | | | | | | | | | | | | | | Net sales by: | | | | | | | | | | | | | | | | | | | Segment: | | | | | | | | | | | | | | | | | | | | | Communications Solutions | | $ | 9,918.3 | | $ | 5,323.5 | | 86 | % | | 1 | % | | 86 | % | | 41 | % | | 44 | % Harsh Environment Solutions | | | 3,549.9 | | 2,713.4 | | 31 | % | | 1 | % | | 30 | % | | 7 | % | | 22 | % Interconnect and Sensor Systems | | 2,910.0 | | 2,424.4 | | 20 | % | | 2 | % | | 18 | % | | 3 | % | | 15 | % Consolidated | | $ | 16,378.2 | | $ | 10,461.3 | | 57 | % | | 1 | % | | 55 | % | | 24 | % | | 32 | % | | | | | | | | | | | | | | | | | | | | | Geography (6): | | | | | | | | | | | | | | | | | | | United States | | $ | 6,365.6 | $ | 3,580.9 | | 78 | % | | — | % | | 78 | % | | 51 | % | | 27 | % Foreign | | 10,012.6 | | 6,880.4 | | 46 | % | | 2 | % | | 44 | % | | 9 | % | | 35 | % Consolidated | | $ | 16,378.2 | | $ | 10,461.3 | | 57 | % | | 1 | % | | 55 | % | | 24 | % | | 32 | % | | | | | | | | | | | | | | | | | | | | | (1) | Percentages in this table were calculated using actual, unrounded results; therefore, the sum of the components may not add due to rounding. (2) | Net sales growth in U.S. dollars is calculated based on Net sales as reported in the Condensed Consolidated Statements of Income and Note 13 of the Notes to Condensed Consolidated Financial Statements. While the term “net sales growth in U.S. dollars” is not considered a U.S. GAAP financial measure, for purposes of this table, we derive the reported (GAAP) measure based on GAAP results, which serves as the basis for the reconciliation to its comparable non-GAAP financial measures. (3) | Foreign currency impact, a non-GAAP measure, represents the percentage impact on net sales resulting from foreign currency exchange rate changes in the current reporting period(s) compared to the same respective period(s) in the prior year. Such amount is calculated by subtracting net sales for the current reporting period(s) translated at average foreign currency exchange rates for the respective prior year period(s) from net sales for the current reporting period(s), taken as a percentage of the respective prior year period(s) net sales. (4) | Constant Currency Net Sales Growth and Organic Net Sales Growth are non-GAAP financial measures as defined in the “Non-GAAP Financial Measures” section of this Item 2. (5) | Acquisition impact, a non-GAAP measure, represents the percentage impact on net sales resulting from acquisitions that have not been included in the Company’s consolidated results for the full current period(s) and/or prior comparable period(s) presented. Such net sales related to these acquisitions do not reflect the underlying growth of the Company on a comparative basis. Acquisition impact is calculated as a percentage of the respective prior year period(s) net sales. ● | Constant Currency Net Sales Growth is defined as the period-over-period percentage change in net sales growth, excluding the impact of changes in foreign currency exchange rates. The Company’s results are subject to volatility related to foreign currency translation fluctuations. As such, management evaluates the Company’s sales performance based on actual sales growth in U.S. dollars, as well as Organic Net Sales Growth (as defined below) and Constant Currency Net Sales Growth, and believes that such information is useful to investors to assess the underlying sales trends. ● | Free Cash Flow is defined as (i) Net cash provided by operating activities (“Operating Cash Flow” - as reported in accordance with U.S. GAAP) less (ii) capital expenditures (as reported in accordance with U.S. GAAP), net of proceeds from disposals of property, plant and equipment (as reported in accordance with U.S. GAAP), all of which are derived from the Condensed Consolidated Statements of Cash Flow. Free Cash Flow is an important liquidity measure for the Company, as we believe it is useful for management and investors to assess our ability to generate cash, as well as to assess how much cash can be used to reinvest in the growth of the Company or to return to stockholders through either stock repurchases or dividends. ● | Organic Net Sales Growth is defined as the period-over-period percentage change in net sales growth resulting from operating volume and pricing changes, and excludes the impact of (i) changes in foreign currency exchange rates (described above), which is outside the control of the Company, and (ii) acquisitions, both of which are taken as a percentage of the respective prior period(s) net sales. The acquisition impact represents the percentage impact on net sales resulting from acquisitions that have not been included in the Company's consolidated results for the full current period(s) and/or prior comparable period(s) presented. Such net sales related to these acquisitions do not reflect the underlying growth of the Company on a comparative basis. Management evaluates the Company’s sales performance based on actual sales growth in U.S. dollars, as well as Constant Currency Net Sales Growth (as defined above) and Organic Net Sales Growth, and believes that such information is useful to investors to assess the underlying sales trends.

Organic Net Sales Growth

30.0%

Communications Solutions Segment Operating Income

$1.81B

This segment structure reflects (i) the manner in which the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, regularly assesses information for decision-making purposes, including the allocation of resources, and (ii) how the Company operates its businesses, assesses performance, and communicates results and strategy, among other items, to the Board and its stockholders. The Company has three segment managers to lead their respective reportable business segments, each reporting directly to the Chief Executive Officer. The accounting policies of the segments are the same as those for the Company as a whole and are described herein and in Note 1 of the Notes to Consolidated Financial Statements in the 2025 Annual Report. The Company’s CODM assesses each segment’s performance and allocates resources to each of them based on net sales and operating income as adjusted for certain corporate and other related items and before interest, stock-based compensation expense, income taxes, amortization related to certain intangible assets and other non-cash purchase accounting costs, and nonrecurring gains and losses, as outlined in the table below (we refer to this measure as segment operating income). Intersegment net sales and operating expenses have been eliminated in the computation of consolidated net sales and operating income. The CODM considers period-to-period variances in net sales and segment operating income on a regular basis and uses that information when making decisions about the allocation of operating and capital resources to each segment. Other than segment operating expenses (which is easily computable from the difference between net sales and segment operating income), our CODM is not regularly provided disaggregated segment level expense information as such information is not used in our CODM’s decision-making related to the allocation of operating and capital resources to our segments. The Company also incurs general corporate expenses and costs which are not allocated to the reportable business segments but have been included in “Corporate / Other” in the following table for reconciliation purposes. Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by reportable business segment. Operating income for the Communications Solutions segment for the second quarter and first six months of 2026 was $1,808.3, or 33.6% of net sales, and $3,197.7, or 32.2% of net sales, respectively, compared to $890.7, or 30.6% of net sales, and $1,551.5, or 29.1% of net sales, for the second quarter and first six months of 2025, respectively. The increases in operating margin for the Communications Solutions segment relative to the comparable periods in 2025 were primarily driven by strong operating leverage on the significantly higher organic sales volumes, and to a lesser extent, due to a net benefit related to the recovery of IEEPA tariffs, partially offset by the negative impact on operating margin related to acquisitions completed within the prior 12 months that are currently operating below the average operating margin of the Company.

Communications Solutions Segment Operating Margin

33.6%

Harsh Environment Solutions Segment Operating Income

$559.3M

This segment structure reflects (i) the manner in which the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, regularly assesses information for decision-making purposes, including the allocation of resources, and (ii) how the Company operates its businesses, assesses performance, and communicates results and strategy, among other items, to the Board and its stockholders. The Company has three segment managers to lead their respective reportable business segments, each reporting directly to the Chief Executive Officer. The accounting policies of the segments are the same as those for the Company as a whole and are described herein and in Note 1 of the Notes to Consolidated Financial Statements in the 2025 Annual Report. The Company’s CODM assesses each segment’s performance and allocates resources to each of them based on net sales and operating income as adjusted for certain corporate and other related items and before interest, stock-based compensation expense, income taxes, amortization related to certain intangible assets and other non-cash purchase accounting costs, and nonrecurring gains and losses, as outlined in the table below (we refer to this measure as segment operating income). Intersegment net sales and operating expenses have been eliminated in the computation of consolidated net sales and operating income. The CODM considers period-to-period variances in net sales and segment operating income on a regular basis and uses that information when making decisions about the allocation of operating and capital resources to each segment. Other than segment operating expenses (which is easily computable from the difference between net sales and segment operating income), our CODM is not regularly provided disaggregated segment level expense information as such information is not used in our CODM’s decision-making related to the allocation of operating and capital resources to our segments. The Company also incurs general corporate expenses and costs which are not allocated to the reportable business segments but have been included in “Corporate / Other” in the following table for reconciliation purposes. Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by reportable business segment. Operating income for the Harsh Environment Solutions segment for the second quarter and first six months of 2026 was $559.3, or 30.1% of net sales, and $1,032.6, or 29.1% of net sales, respectively, compared to $363.7, or 25.2% of net sales, and $674.9, or 24.9% of net sales, for the second quarter and first six months of 2025, respectively. The increases in operating margin for the Harsh Environment Solutions segment relative to the comparable periods in 2025 were primarily driven by strong operating leverage on the higher organic sales volumes, and to a lesser extent, due to a net benefit related to the recovery of IEEPA tariffs, slightly offset by the negative impact on operating margin related to acquisitions completed within the prior 12 months that are currently operating below the average operating margin of the Company.

Harsh Environment Solutions Segment Operating Margin

30.1%

This segment structure reflects (i) the manner in which the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, regularly assesses information for decision-making purposes, including the allocation of resources, and (ii) how the Company operates its businesses, assesses performance, and communicates results and strategy, among other items, to the Board and its stockholders. The Company has three segment managers to lead their respective reportable business segments, each reporting directly to the Chief Executive Officer. The accounting policies of the segments are the same as those for the Company as a whole and are described herein and in Note 1 of the Notes to Consolidated Financial Statements in the 2025 Annual Report. The Company’s CODM assesses each segment’s performance and allocates resources to each of them based on net sales and operating income as adjusted for certain corporate and other related items and before interest, stock-based compensation expense, income taxes, amortization related to certain intangible assets and other non-cash purchase accounting costs, and nonrecurring gains and losses, as outlined in the table below (we refer to this measure as segment operating income). Intersegment net sales and operating expenses have been eliminated in the computation of consolidated net sales and operating income. The CODM considers period-to-period variances in net sales and segment operating income on a regular basis and uses that information when making decisions about the allocation of operating and capital resources to each segment. Other than segment operating expenses (which is easily computable from the difference between net sales and segment operating income), our CODM is not regularly provided disaggregated segment level expense information as such information is not used in our CODM’s decision-making related to the allocation of operating and capital resources to our segments. The Company also incurs general corporate expenses and costs which are not allocated to the reportable business segments but have been included in “Corporate / Other” in the following table for reconciliation purposes. Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by reportable business segment. Operating income for the Harsh Environment Solutions segment for the second quarter and first six months of 2026 was $559.3, or 30.1% of net sales, and $1,032.6, or 29.1% of net sales, respectively, compared to $363.7, or 25.2% of net sales, and $674.9, or 24.9% of net sales, for the second quarter and first six months of 2025, respectively. The increases in operating margin for the Harsh Environment Solutions segment relative to the comparable periods in 2025 were primarily driven by strong operating leverage on the higher organic sales volumes, and to a lesser extent, due to a net benefit related to the recovery of IEEPA tariffs, slightly offset by the negative impact on operating margin related to acquisitions completed within the prior 12 months that are currently operating below the average operating margin of the Company.

Interconnect and Sensor Systems Segment Operating Income

$318.9M

This segment structure reflects (i) the manner in which the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, regularly assesses information for decision-making purposes, including the allocation of resources, and (ii) how the Company operates its businesses, assesses performance, and communicates results and strategy, among other items, to the Board and its stockholders. The Company has three segment managers to lead their respective reportable business segments, each reporting directly to the Chief Executive Officer. The accounting policies of the segments are the same as those for the Company as a whole and are described herein and in Note 1 of the Notes to Consolidated Financial Statements in the 2025 Annual Report. The Company’s CODM assesses each segment’s performance and allocates resources to each of them based on net sales and operating income as adjusted for certain corporate and other related items and before interest, stock-based compensation expense, income taxes, amortization related to certain intangible assets and other non-cash purchase accounting costs, and nonrecurring gains and losses, as outlined in the table below (we refer to this measure as segment operating income). Intersegment net sales and operating expenses have been eliminated in the computation of consolidated net sales and operating income. The CODM considers period-to-period variances in net sales and segment operating income on a regular basis and uses that information when making decisions about the allocation of operating and capital resources to each segment. Other than segment operating expenses (which is easily computable from the difference between net sales and segment operating income), our CODM is not regularly provided disaggregated segment level expense information as such information is not used in our CODM’s decision-making related to the allocation of operating and capital resources to our segments. The Company also incurs general corporate expenses and costs which are not allocated to the reportable business segments but have been included in “Corporate / Other” in the following table for reconciliation purposes. Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by reportable business segment. Operating income for the Interconnect and Sensor Systems segment for the second quarter and first six months of 2026 was $318.9, or 21.0% of net sales, and $600.6, or 20.6% of net sales, respectively, compared to $252.3, or 19.5% of net sales, and $456.8, or 18.8% of net sales, for the second quarter and first six months of 2025, respectively. The increases in operating margin for the Interconnect and Sensor Systems segment relative to the comparable periods in 2025 were primarily driven by strong operating leverage on the higher organic sales volumes.

Interconnect and Sensor Systems Segment Operating Margin

21.0%

This segment structure reflects (i) the manner in which the Chief Operating Decision Maker (“CODM”), who is the Company’s Chief Executive Officer, regularly assesses information for decision-making purposes, including the allocation of resources, and (ii) how the Company operates its businesses, assesses performance, and communicates results and strategy, among other items, to the Board and its stockholders. The Company has three segment managers to lead their respective reportable business segments, each reporting directly to the Chief Executive Officer. The accounting policies of the segments are the same as those for the Company as a whole and are described herein and in Note 1 of the Notes to Consolidated Financial Statements in the 2025 Annual Report. The Company’s CODM assesses each segment’s performance and allocates resources to each of them based on net sales and operating income as adjusted for certain corporate and other related items and before interest, stock-based compensation expense, income taxes, amortization related to certain intangible assets and other non-cash purchase accounting costs, and nonrecurring gains and losses, as outlined in the table below (we refer to this measure as segment operating income). Intersegment net sales and operating expenses have been eliminated in the computation of consolidated net sales and operating income. The CODM considers period-to-period variances in net sales and segment operating income on a regular basis and uses that information when making decisions about the allocation of operating and capital resources to each segment. Other than segment operating expenses (which is easily computable from the difference between net sales and segment operating income), our CODM is not regularly provided disaggregated segment level expense information as such information is not used in our CODM’s decision-making related to the allocation of operating and capital resources to our segments. The Company also incurs general corporate expenses and costs which are not allocated to the reportable business segments but have been included in “Corporate / Other” in the following table for reconciliation purposes. Assets are reviewed by the CODM on a consolidated basis and therefore are not presented by reportable business segment. Operating income for the Interconnect and Sensor Systems segment for the second quarter and first six months of 2026 was $318.9, or 21.0% of net sales, and $600.6, or 20.6% of net sales, respectively, compared to $252.3, or 19.5% of net sales, and $456.8, or 18.8% of net sales, for the second quarter and first six months of 2025, respectively. The increases in operating margin for the Interconnect and Sensor Systems segment relative to the comparable periods in 2025 were primarily driven by strong operating leverage on the higher organic sales volumes.