Key Highlights

● Second-quarter sales were a record $8.8 billion, up 55% and 30% organically.

● Orders of $10.7 billion gave a book-to-bill ratio of 1.23 to 1.

● Communications Solutions sales rose 85% to $5.4 billion, led by datacom.

● Third-quarter sales are guided to $9.3 billion to $9.4 billion.

The latest verified development

Amphenol Corporation (NYSE:APH), a maker of electronic and fibre-optic connectors, sensors and interconnect systems, last reported results on 29 July 2026 for the quarter ended 30 June. Chairman and chief executive R. Adam Norwitt said the company achieved record sales and adjusted diluted earnings per share, both exceeding the high end of its guidance. Amphenol is a constituent of the S&P 500.

Second-quarter results

Sales were $8.8 billion, up 55% in US dollars and 30% organically. The 25-point gap between dollar growth and organic growth reflects items such as acquisitions and currency. Orders were $10.7 billion, a book-to-bill ratio of 1.23 to 1, which means orders exceeded sales in the period.

Communications Solutions sales were $5.4 billion, up 85% in dollars and 42% organically, led by the information technology and datacom market. Harsh Environment Solutions reached $1.9 billion, up 28% and 22% organically, and Interconnect and Sensor Systems $1.5 billion, up 17% and 13% organically. Communications therefore made up about 61% of sales.

Profit, Cash Flow and tariffs

GAAP Operating Margin was 29.5% and adjusted operating margin was 29.8%. Both included an $80 million net benefit from recovered tariffs imposed under the International Emergency Economic Powers Act, worth $0.04 per share. GAAP Diluted Earnings per Share were $1.37, up 59%, and adjusted diluted earnings per share were $1.35, up 67%. Adjusted earnings per share were slightly below the GAAP figure, meaning the net adjustments reduced earnings.

Operating cash flow was $1.6 billion and free cash flow was $1.2 billion. Amphenol repurchased $208 million of stock and paid $307 million in dividends. The Tariff recovery is a non-recurring item, and guidance excludes any additional recoveries. Removing the $80 million from the adjusted operating margin would lower it by about 0.9 percentage points, to roughly 28.9%.

Acquisitions

Amphenol disclosed two acquisitions. El.Com, an Italian maker of complex interconnect solutions and high-voltage cable assemblies with about $150 million of annual sales, joins Interconnect and Sensor Systems. Wilder Technologies, based in Vancouver, Washington, supplies high-performance test and measurement solutions, with about $15 million of annual sales, and joins Communications Solutions.

The company also raised its expectation for the CommScope Business to full-year 2026 sales of $4.6 billion from $4.1 billion, and raised expected accretion to adjusted earnings per share to $0.30 from $0.15. These are company expectations rather than reported results.

Third-quarter guidance and datacom demand

For the third quarter Amphenol guided to sales of $9.3 billion to $9.4 billion, up 50% to 52%, and adjusted diluted earnings per share of $1.40 to $1.42, up 51% to 53%. The midpoint sales figure is about 6% above the second quarter. The guidance assumes current market conditions and constant exchange rates.

The third-quarter adjusted earnings guide of $1.40 to $1.42 compares with $1.35 in the second quarter, which included $0.04 per share from tariff recoveries that the guidance excludes.