Amphenol (APH) AI Stock Analysis

• Market Cap: $166.78B
• Dividend Yield: 0.54%
• Average Volume (3M): 6.90M
• Price to Earnings (P/E): 46.7
• Beta (1Y): 1.65
• Revenue Growth: 47.37%
• EPS Growth: 72.30%
• Country: US
• Employees: 125,000
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.93
• Shares Outstanding: 1,224,055,500
• 10 Day Avg. Volume: 5,937,901
• 30 Day Avg. Volume: 6,899,588
• PEG Ratio: 1.43
• Price to Book (P/B): 8.54
• Price to Sales (P/S): 5.49
• P/FCF Ratio: 38.90
• Enterprise Value/Market Cap: 0.98
• Enterprise Value/Revenue: 7.77
• Enterprise Value/Gross Profit: 21.63
• Enterprise Value/Ebitda: 27.24
• 1Y Price Target: $155.50
• Price Target Upside: 14.13% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 10
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: $153.00 ▲(12.29% Upside)

The score is driven primarily by strong financial performance and a very positive earnings outlook (record results, strong margins, and AI/IT Datacom-driven growth), supported by strategic expansion via major M&A. Offsetting these strengths are a demanding valuation (high P/E, low yield) and a more neutral near-term technical picture, with some end-market and tax-rate headwinds noted.

Positive Factors

Diversified end-markets and product portfolio

Amphenol's broad product set and exposure across telecom, automotive, aerospace, industrial and data communications reduce dependence on any single cycle. Long-term contracts and OEM relationships plus positioning in EV and 5G markets support durable secular growth and resilience over multiple cycles.

Strong cash generation and improving margins

Sustained free cash flow growth and high cash conversion support investment, buybacks and dividends without over-reliance on external funding. Improving gross and operating margins indicate persistent operating leverage and pricing/efficiency advantages that strengthen long-term financial flexibility.

Strategic M&A expanding connectivity footprint

Targeted acquisitions (Rochester Sensors closed; Trexan pending) plus the CommScope connectivity deal materially expand data-center, broadband and building connectivity capabilities. If integrated well, this increases addressable market, scale and cross-sell opportunities over the medium term.

Negative Factors

Larger debt issuance raises leverage considerations

The sizable senior note offering materially increases leverage and interest obligations. Higher gross debt elevates refinancing and covenant risk and reduces balance-sheet flexibility, making the company more sensitive to macro shocks and integration costs from large acquisitions over coming quarters.

Rising effective tax rate

A structurally higher effective tax rate compresses net margins and after-tax cash flow available for reinvestment or returns. Unless offset by operational gains or jurisdictional tax planning, a sustained higher rate will reduce long-term EPS growth and free cash flow conversion.

Exposure to cyclical end-markets

Notable declines in mobile devices and anticipated seasonal weakness in communications networks highlight sensitivity to end-market cycles. Such exposure can produce uneven revenue swings and complicate capacity planning, making multi-quarter organic growth more volatile without offsetting secular gains.

Amphenol Business Overview & Revenue Model

Company Description

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: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. The company offers connectors and connector systems, including harsh environment data, power, high-speed, fiber optic, and radio frequency interconnect products; busbars and power distribution systems; and other connectors. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; other products comprising flexible and rigid printed circuit boards, hinges, other mechanical, and production related products. In addition, the company offers consumer device, network infrastructure, and other antennas; coaxial, power, and specialty cables; and sensors and sensor-based products. It sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, broadband communication, commercial aerospace, industrial, information technology and data communication, military, mobile device, and mobile network markets. Amphenol Corporation was founded in 1932 and is headquartered in Wallingford, Connecticut.

How the Company Makes Money

Amphenol generates revenue primarily through the sale of its interconnect products and solutions to various industries. The company has a diversified revenue model that includes direct sales to original equipment manufacturers (OEMs) and distributors. Key revenue streams include products for telecommunications infrastructure, automotive connectivity, and military and aerospace applications. Additionally, Amphenol benefits from long-term contracts with major clients and strategic partnerships, which provide a steady stream of income. The company's focus on innovation and investment in research and development also positions it favorably to capture growth in emerging markets such as electric vehicles and 5G technology.

Amphenol Financial Statement Overview

Summary

Amphenol exhibits robust financial performance with strong revenue and profit growth, efficient operational management, and effective cash flow generation. The balance sheet is solid, though there is potential to further optimize leverage.

Income Statement

Amphenol demonstrates strong revenue growth with a TTM revenue growth rate of 11.46%, indicating robust demand for its products. The company maintains healthy profitability with a gross profit margin of 35.94% and a net profit margin of 18.22%, both showing improvement over previous years. EBIT and EBITDA margins are also strong at 24.55% and 28.44% respectively, reflecting efficient operational management.

Balance Sheet

The balance sheet shows a moderate debt-to-equity ratio of 0.64, indicating a balanced approach to leveraging. Return on equity is impressive at 34.63%, showcasing effective use of shareholder funds. The equity ratio stands at 46.12%, suggesting a solid equity base relative to total assets, though there is room for improvement in reducing leverage.

Cash Flow

Amphenol's cash flow is strong, with a notable free cash flow growth rate of 26.25% TTM, indicating effective cash generation. The operating cash flow to net income ratio is 0.75, and the free cash flow to net income ratio is 0.79, both reflecting efficient conversion of income into cash. These metrics highlight the company's ability to sustain operations and invest in growth.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	20.97B	15.22B	12.55B	12.62B	10.88B	8.60B
Gross Profit	7.54B	5.14B	4.08B	4.03B	3.40B	2.66B
EBITDA	5.98B	3.80B	3.00B	2.99B	2.50B	1.95B
Net Income	3.82B	2.42B	1.93B	1.90B	1.59B	1.20B
Balance Sheet
Total Assets	27.14B	21.44B	16.53B	15.33B	14.68B	12.33B
Cash, Cash Equivalents and Short-Term Investments	3.89B	3.34B	1.66B	1.43B	1.24B	1.74B
Total Debt	8.07B	7.28B	4.64B	4.87B	5.05B	4.10B
Total Liabilities	14.54B	11.58B	8.10B	8.23B	8.30B	6.88B
Stockholders Equity	12.52B	9.79B	8.35B	7.02B	6.30B	5.38B
Cash Flow
Free Cash Flow	3.56B	2.15B	2.16B	1.79B	1.18B	1.32B
Operating Cash Flow	4.50B	2.81B	2.53B	2.17B	1.54B	1.59B
Investing Cash Flow	-3.83B	-2.65B	-1.39B	-731.10M	-1.89B	-333.50M
Financing Cash Flow	1.56B	1.73B	-1.01B	-1.20B	-145.20M	-516.60M

Amphenol Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 136.25
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For APH, the sentiment is Neutral. The current price of 136.25 is above the 20-day moving average (MA) of 135.42, below the 50-day MA of 136.88, and above the 200-day MA of 108.13, indicating a neutral trend. The MACD of 0.92 indicates Negative momentum. The RSI at 49.59 is Neutral, neither overbought nor oversold. The STOCH value of 64.88 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for APH.

Amphenol Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TEL	80 Outperform	$67.08B	37.59	14.78%	1.21%	8.94%	-39.90%
KEYS	77 Outperform	$35.51B	42.31	15.82%	―	7.95%	39.54%
APH	74 Outperform	$166.78B	46.72	34.78%	0.54%	47.37%	72.30%
GLW	74 Outperform	$73.16B	54.05	12.07%	1.25%	18.27%	771.78%
GRMN	74 Outperform	$41.06B	26.16	19.66%	1.70%	16.56%	3.19%
TDY	71 Outperform	$25.77B	31.81	8.11%	―	7.41%	-12.85%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Amphenol Corporate Events

Amphenol Completes Major Acquisition of CommScope CCS Business

On January 9, 2026, Amphenol Corporation completed its $10.5 billion cash acquisition of CommScope’s Connectivity and Cable Solutions (CCS) business, a deal announced publicly in a January 12, 2026 statement from its Wallingford, Connecticut headquarters. The transaction significantly expands Amphenol’s fiber optic interconnect capabilities for IT datacom and communications networks and broadens its industrial interconnect offerings for building infrastructure, while bringing approximately 20,000 CCS employees into the group. The CCS unit, now folded into Amphenol’s Communications Solutions segment, is expected to generate around $4.1 billion in sales in 2026 and strengthen the company’s competitive position across global communications and industrial connectivity markets.

The most recent analyst rating on (APH) stock is a Buy with a $175.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Appoints Linde CEO Sanjiv Lamba to Board

On January 8, 2026, Amphenol Corporation expanded its board of directors from eight to nine members and appointed Sanjiv Lamba, the chief executive officer of industrial gases and engineering group Linde plc, as an independent director, effective immediately. The appointment adds nearly three decades of global leadership and multinational manufacturing experience to Amphenol’s board, with company leaders highlighting Lamba’s track record in growing a high-performance, international business and his broad regional operating expertise across the Americas, APAC and EMEA as strategic assets expected to support Amphenol’s continued international expansion and reinforce its governance and leadership bench for stakeholders.

The most recent analyst rating on (APH) stock is a Buy with a $150.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Issues $7.5 Billion in Senior Notes

On November 10, 2025, Amphenol Corporation successfully issued and sold a total of $7.5 billion in senior notes with varying interest rates and maturity dates ranging from 2027 to 2055. The proceeds from this offering, combined with other financial resources, are intended to fund the acquisition of CommScope Holding Company’s Connectivity and Cable Solutions businesses, enhancing Amphenol’s market position in data center connectivity, broadband communications, and building connectivity solutions.

The most recent analyst rating on (APH) stock is a Buy with a $152.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.

Amphenol Announces Pricing of Senior Notes Offerings

On October 27, 2025, Amphenol Corporation announced the pricing of its senior notes offerings, totaling $6.5 billion across various maturities from 2027 to 2055. The proceeds from these offerings, along with other financial resources, are intended to fund the acquisition of CommScope Holding Company’s Connectivity and Cable Solutions businesses. The closing of the offerings is expected on November 10, 2025, contingent on customary closing conditions. The notes are subject to a special mandatory redemption if the acquisition is not completed.

The most recent analyst rating on (APH) stock is a Buy with a $152.00 price target. To see the full list of analyst forecasts on Amphenol stock, see the APH Stock Forecast page.