Amphenol (APH) AI Stock Analysis

• Market Cap: $117.36B
• Dividend Yield: 0.68%
• Average Volume (3M): 7.91M
• Price to Earnings (P/E): 46.4
• Beta (1Y): 1.60
• Revenue Growth: 30.70%
• EPS Growth: 27.09%
• Country: US
• Employees: 125,000
• Sector: Technology
• Sector Strength: 89
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.63
• Shares Outstanding: 1,209,599,100
• 10 Day Avg. Volume: 9,847,693
• 30 Day Avg. Volume: 7,905,147
• PEG Ratio: 5.76
• Price to Book (P/B): 11.02
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 51.04
• Enterprise Value/Market Cap: 1.01
• Enterprise Value/Revenue: 2.00
• Enterprise Value/Gross Profit: 20.90
• Enterprise Value/Ebitda: 8.05
• 1Y Price Target: $97.40
• Price Target Upside: 0.43% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 11

• Rating: 77 Outperform
• Price Target: $104.00 ▲(7.24%Upside)

Amphenol's strong financial performance and positive earnings call guidance are the primary drivers of the overall stock score. The technical analysis supports a bullish outlook, though overbought conditions warrant caution. Valuation concerns due to a high P/E ratio and low dividend yield slightly temper the score. Overall, Amphenol is well-positioned for growth, albeit with some risks from market conditions and potential tariffs.

Positive Factors

Acquisitions

The acquisition of Lifesync Corp is expected to generate significant sales, providing interconnect products for medical applications.

AI growth

Strong AI growth continued to contribute significantly to outperformance, with IT & Datacom tracked to a robust growth driven by AI-related demand.

Revenue growth

Led by the modestly stronger momentum across the cyclical end-markets and better momentum in AI revenues to start the year, we now forecast 2025 revenue growth for +21% y/y.

Negative Factors

Challenging comparisons

Comps are getting increasingly challenging.

Market volatility

Expect volatility around AI headlines.

Amphenol Business Overview & Revenue Model

Company Description

Amphenol Corporation (APH) is a leading global provider of high-technology interconnect, sensor, and antenna solutions. The company operates across a diverse array of sectors, including automotive, broadband communications, commercial aerospace, industrial, information technology and data communications, military, mobile devices, and mobile networks. Amphenol's core products encompass a wide range of connectors, cable assemblies, sensors, and antennas, which are critical components in the electrical and electronics systems of its customers.

How the Company Makes Money

Amphenol Corporation generates revenue through the design, manufacturing, and sale of its interconnect, sensor, and antenna solutions across various industries. The company's revenue model is primarily based on the sale of these products to original equipment manufacturers (OEMs), contract manufacturers, and other customers. Key revenue streams include the automotive sector, where Amphenol provides high-performance connectors and sensors; the broadband and information technology sectors, which rely on Amphenol for fiber optic and connector products; and the military and aerospace sectors, where the company supplies ruggedized connectors and assemblies. Amphenol also benefits from strategic partnerships and long-term contracts with major global players in these industries, which help stabilize and grow its earnings.

Amphenol Financial Statement Overview

Summary

Amphenol exhibits a strong financial profile with solid revenue growth and profitability metrics. The income statement shows a robust increase in revenue and net income, complemented by healthy profit margins. The balance sheet indicates low leverage with a strong equity position and impressive return on equity, though the low debt could limit future financial flexibility. Efficient cash flow management is evident, despite a decline in free cash flow growth.

Income Statement

Amphenol's income statement indicates strong profitability with a consistent increase in revenue and net income over the years. The TTM data shows a gross profit margin of 33.93% and a net profit margin of 15.57%, which are solid figures in the industry. EBIT and EBITDA margins are also healthy at 21.26% and 23.90% respectively. The revenue growth rate from the previous year is 10.19%, pointing to robust business expansion.

Balance Sheet

The balance sheet reflects a strong equity position with a debt-to-equity ratio of 0.034, indicating low financial leverage. The return on equity is impressive at 25.37%, suggesting efficient use of equity capital. The equity ratio stands at 44.97%, showcasing a stable financial structure. Despite the strong equity position, the low debt levels could imply limited financial flexibility.

Cash Flow

Amphenol's cash flow statement reveals strong cash generation capabilities. The operating cash flow to net income ratio is 1.14, and the free cash flow to net income ratio is 0.85, indicating efficient conversion of earnings to cash. However, the free cash flow growth rate has declined, which could be a point of concern if it continues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	16.78B	15.22B	12.55B	12.62B	10.88B	8.60B
Gross Profit	5.69B	5.14B	4.08B	4.03B	3.40B	2.66B
EBITDA	4.26B	3.80B	3.00B	2.99B	2.50B	1.95B
Net Income	2.61B	2.42B	1.93B	1.90B	1.59B	1.20B
Balance Sheet
Total Assets	22.90B	21.44B	16.53B	15.33B	14.68B	12.33B
Cash, Cash Equivalents and Short-Term Investments	1.67B	3.34B	1.66B	1.43B	1.24B	1.74B
Total Debt	7.17B	6.89B	4.34B	4.58B	4.80B	3.87B
Total Liabilities	12.53B	11.58B	8.10B	8.23B	8.30B	6.88B
Stockholders Equity	10.30B	9.79B	8.35B	7.02B	6.30B	5.38B
Cash Flow
Free Cash Flow	2.22B	2.15B	2.16B	1.79B	1.18B	1.32B
Operating Cash Flow	2.98B	2.81B	2.53B	2.17B	1.54B	1.59B
Investing Cash Flow	-4.98B	-2.65B	-1.39B	-731.10M	-1.89B	-333.50M
Financing Cash Flow	1.81B	1.73B	-1.01B	-1.20B	-145.20M	-516.60M

Amphenol Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 96.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APH, the sentiment is Positive. The current price of 96.98 is above the 20-day moving average (MA) of 93.04, above the 50-day MA of 84.60, and above the 200-day MA of 72.07, indicating a bullish trend. The MACD of 3.21 indicates Positive momentum. The RSI at 77.64 is Negative, neither overbought nor oversold. The STOCH value of 86.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for APH.

Amphenol Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GRMN	81 Outperform	$39.19B	26.81	19.04%	1.77%	18.08%	7.28%
TEL	78 Outperform	$49.78B	36.49	11.33%	1.69%	1.23%	-58.22%
KEYS	78 Outperform	$28.25B	38.55	14.30%	―	-1.16%	-7.04%
APH	77 Outperform	$117.36B	46.42	27.53%	0.68%	30.70%	27.09%
FTV	75 Outperform	$23.82B	31.03	7.70%	0.46%	0.85%	-10.01%
GLW	64 Neutral	$44.01B	98.39	4.14%	2.18%	9.77%	-26.50%
Sector *	63 Neutral	$32.90B	6.03	-11.70%	1.95%	5.55%	-19.87%

Amphenol Corporate Events

Amphenol Issues €600 Million in Senior Notes

On June 16, 2025, Amphenol Corporation issued €600 million in 3.125% Senior Notes due 2032, following a public offering managed by several financial institutions. The proceeds from this issuance, along with those from a prior offering of $750 million in 4.375% Senior Notes due 2028, are intended to repay borrowings under Amphenol’s U.S. commercial paper program and for general corporate purposes, potentially impacting the company’s financial strategy and market positioning.

The most recent analyst rating on (APH) stock is a Buy with a $82.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Issues $750M Senior Notes in June 2025

On June 12, 2025, Amphenol Corporation issued $750 million in 4.375% Senior Notes due 2028 through an underwritten public offering. The company also announced the pricing of €600 million in 3.125% Senior Notes due 2032, with the closing expected on June 16, 2025. The proceeds from these offerings will be used to repay borrowings under Amphenol’s U.S. commercial paper program and for general corporate purposes. The issuance of these notes is part of Amphenol’s strategy to manage its debt and financial operations efficiently.

The most recent analyst rating on (APH) stock is a Buy with a $82.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Announces €600 Million Senior Notes Pricing

On June 11, 2025, Amphenol Corporation announced the pricing of its €600 million senior notes due 2032, with an interest rate of 3.125% per annum. The closing of this Euro Notes offering is anticipated on June 16, 2025, and the proceeds will be used to repay borrowings and for general corporate purposes. Additionally, on June 9, 2025, Amphenol announced the pricing of $750 million senior notes due 2028, with a 4.375% interest rate, expected to close on June 12, 2025. These offerings are not contingent upon each other, highlighting Amphenol’s strategic financial maneuvers to strengthen its capital structure.

The most recent analyst rating on (APH) stock is a Buy with a $82.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Prices $750 Million Senior Notes Offering

On June 9, 2025, Amphenol Corporation announced the pricing of its $750 million senior notes due 2028, with an interest rate of 4.375% per annum. The offering is expected to close on June 12, 2025, subject to customary conditions. The company plans to use the proceeds to repay borrowings under its U.S. commercial paper program and for general corporate purposes. Additionally, Amphenol may offer euro-denominated notes, although the completion of one offering is not contingent on the other. This strategic financial move aims to strengthen Amphenol’s financial flexibility and support its operations across various high-growth markets.

The most recent analyst rating on (APH) stock is a Buy with a $82.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Increases Authorized Shares to 5 Billion

On May 15, 2025, Amphenol Corporation’s stockholders approved an amendment to increase the number of authorized shares of Class A Common Stock from 2 billion to 5 billion. This amendment became effective upon filing with the Secretary of State of Delaware on the same day. During the annual meeting, stockholders also elected directors, ratified Deloitte & Touche LLP as independent accountants, approved executive compensation, and rejected a proposal for special shareholder meeting improvements.

The most recent analyst rating on (APH) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Appoints New Principal Accounting Officer

On May 8, 2025, Amphenol Corporation appointed Michael R. Ivas as the principal accounting officer, succeeding Craig A. Lampo, who remains the Chief Financial Officer. Mr. Ivas, who has been with the company since 2001, brings extensive experience from his previous roles within Amphenol and his earlier career at PricewaterhouseCoopers, enhancing the company’s financial leadership.

The most recent analyst rating on (APH) stock is a Buy with a $80.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.