Amphenol (APH) AI Stock Analysis

• Market Cap: $176.36B
• Dividend Yield: 0.54%
• Average Volume (3M): 8.48M
• Price to Earnings (P/E): 43.1
• Beta (1Y): 1.64
• Revenue Growth: 47.37%
• EPS Growth: 72.30%
• Country: US
• Employees: 125,000
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.97
• Shares Outstanding: 1,224,055,500
• 10 Day Avg. Volume: 13,036,070
• 30 Day Avg. Volume: 8,484,912
• PEG Ratio: 2.34
• Price to Book (P/B): 14.14
• Price to Sales (P/S): 8.46
• P/FCF Ratio: 49.88
• Enterprise Value/Market Cap: 1.02
• Enterprise Value/Revenue: 7.82
• Enterprise Value/Gross Profit: 21.21
• Enterprise Value/Ebitda: 26.21
• 1Y Price Target: $172.92
• Price Target Upside: 19.31% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 12
• EPS Forecast (FY): 4.39
• Revenue Forecast (FY): $31.33B

• Rating: 74 Outperform
• Price Target: $186.00 ▲(28.34% Upside)

The score is driven primarily by strong financial performance and a very constructive earnings outlook with record orders, margin expansion, and strong cash generation. These positives are tempered by rich valuation (high P/E and low yield) and overextended technical momentum signals (RSI/Stochastics elevated), which increase near-term downside risk.

Positive Factors

Cash Generation

Sustained, high-quality free cash flow and efficient conversion of earnings into cash provide durable funding for capex, R&D, dividends, share repurchases and acquisitions. Strong FCF reduces reliance on external financing and supports capital allocation through economic cycles.

Diversified End Markets & Scale

Broad product portfolio across telecom, data center, automotive, aerospace and defense plus strategic M&A materially expands addressable markets. Scale in fiber and datacom positions the company to capture secular trends (AI/5G/EV) and reduces revenue cyclicality over multiple quarters.

High and Improving Margins

Structural margin expansion reflects pricing power, higher-value product mix and operational leverage from scale. Persistent above-industry margins indicate competitive advantage in high-speed interconnects and durable ability to reinvest in automation and R&D while maintaining profitability.

Negative Factors

Increased Leverage & Interest Burden

Material increase in debt to fund CCS raises fixed interest costs and reduces financial flexibility. Elevated interest expense will persist across quarters, compressing net income and constraining discretionary capital deployment if top-line growth slows or rates remain elevated.

M&A Integration & Execution Risk

Rapid, sizable M&A increases integration complexity—people, systems and processes must be aligned. Execution risk can cause margin dilution, one-time costs and operational disruption over multiple quarters, potentially delaying expected synergies and return on invested capital.

Higher Tax Rate & Near-Term Margin Headwinds

A structurally higher effective tax rate reduces sustained after-tax profitability and cash flow. Combined with acquired-business seasonality that trims consolidated margins, these factors can lower incremental earnings conversion and cushion for reinvestment across several quarters.

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

High-quality profitability and cash generation support a strong financial profile (healthy margins and record free cash flow), but the sharp 2025 debt increase meaningfully raises financial risk and reduces flexibility if growth slows.

Income Statement

Strong, consistent profitability with healthy margins (2024 gross margin ~33.8% and net margin ~15.9%), and solid multi-year revenue expansion (2024 up ~21% vs. 2023). Operating profit has scaled well alongside revenue, supporting a high-quality earnings profile. Key watch-out: growth has been somewhat uneven year-to-year (slight revenue decline in 2023), and the step-up in scale into 2025 implies execution risk if end-demand normalizes.

Balance Sheet

Balance sheet is generally sound with sizable equity and strong shareholder returns (2024 return on equity ~24.8%). Leverage was moderate in 2023–2024 (debt-to-equity ~0.52–0.74), supporting financial flexibility. Primary weakness is the sharp increase in total debt in 2025 (to ~$15.5B from ~$7.3B in 2024), which meaningfully raises balance-sheet risk and reduces room for error if cash generation slows.

Cash Flow

Cash generation is strong and improving, with 2025 free cash flow of ~$4.38B and a robust ~23% free-cash-flow growth rate. In prior years, free cash flow generally tracked earnings reasonably well (e.g., 2024 free cash flow was ~76% of net income), indicating solid cash conversion. Main weakness: cash conversion and growth can fluctuate (free cash flow growth was essentially flat in 2024), which bears monitoring alongside the higher 2025 debt load.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	23.09B	15.22B	12.55B	12.62B	10.88B
Gross Profit	8.52B	5.14B	4.08B	4.03B	3.40B
EBITDA	6.89B	3.80B	3.00B	2.99B	2.50B
Net Income	4.27B	2.42B	1.93B	1.90B	1.59B
Balance Sheet
Total Assets	36.24B	21.44B	16.53B	15.33B	14.68B
Cash, Cash Equivalents and Short-Term Investments	11.43B	3.34B	1.66B	1.43B	1.24B
Total Debt	15.50B	7.28B	4.64B	4.87B	5.05B
Total Liabilities	22.73B	11.58B	8.10B	8.23B	8.30B
Stockholders Equity	13.41B	9.79B	8.35B	7.02B	6.30B
Cash Flow
Free Cash Flow	4.38B	2.15B	2.16B	1.79B	1.18B
Operating Cash Flow	5.37B	2.81B	2.53B	2.17B	1.54B
Investing Cash Flow	-5.08B	-2.65B	-1.39B	-731.10M	-1.89B
Financing Cash Flow	7.42B	1.73B	-1.01B	-1.20B	-145.20M

Amphenol Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 144.93
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• 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 144.93 is below the 20-day moving average (MA) of 148.14, above the 50-day MA of 140.84, and above the 200-day MA of 114.98, indicating a neutral trend. The MACD of 2.79 indicates Positive momentum. The RSI at 48.81 is Neutral, neither overbought nor oversold. The STOCH value of 22.92 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
TDY	77 Outperform	$29.12B	32.44	8.92%	―	7.41%	-12.85%
KEYS	77 Outperform	$37.10B	45.71	15.82%	―	7.95%	39.54%
TEL	75 Outperform	$65.37B	32.13	16.27%	1.21%	8.94%	-39.90%
APH	74 Outperform	$176.36B	43.14	36.80%	0.54%	47.37%	72.30%
GRMN	74 Outperform	$38.78B	24.85	19.66%	1.70%	16.56%	3.19%
GLW	70 Outperform	$88.52B	56.42	14.19%	1.25%	18.27%	771.78%
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.