Amphenol (APH)
Amphenol (APH) is one of the world’s largest makers of electrical, electronic, and fiber-optic connectors and interconnect systems. In ETFpedia it represents the interconnect-supplier layer of the Google value chain: the high-speed connectors and cable assemblies that wire AI servers, switches, and racks together inside hyperscale data centers, a business now surging on AI datacom demand.
| Ticker | APH |
|---|---|
| Exchange | NYSE |
| Sector | Electronics · Connectors & Interconnect |
| Country | United States |
| Held by ETF | TIGER Google Value Chain ETF (0190Y0) |
| Wikidata | Q474621 |
| Last updated | 2026-06-04 |
Next event:Next earnings · Q2 2026 (quarter ending Jun 30, 2026), estimated · Date is calendar-estimated from prior years and not yet confirmed by Amphenol. Last report: Q1 2026 on 2026-04-29. Confirm on Amphenol IR. (source)
Latest reported quarter:Q1 2026 (ended Mar 31, 2026) (reported2026-04-29)
Amphenol posted record Q1 2026 sales of $7.62 billion, up 58% year over year and 33% organically, driven by exceptional IT datacom demand and the CommScope acquisition; adjusted diluted EPS rose 68% to $1.06, with record orders of $9.4 billion.
| Net sales | $7.62B+58%YoY · +33% organic; company record |
|---|---|
| GAAP diluted EPS | $0.72+24%YoY |
| Adjusted diluted EPS | $1.06+68%YoY · Company record |
| Adjusted operating margin | 27.3% |
| Orders | $9.4B · Record; book-to-bill 1.24:1 |
Revenue by segment
| Communications Solutions | $4,534.7M+88% YoY |
|---|---|
| Harsh Environment Solutions | $1,693.1M+34% YoY |
| Interconnect and Sensor Systems | $1,392.3M+23% YoY |
Guidance:Q2 2026
| Net sales | $8.1B–$8.2B · +43% to +45% YoY |
|---|---|
| Adjusted diluted EPS | $1.14–$1.16 · +41% to +43% YoY |
Recent & upcoming events
- · Record Q1 2026 results.Sales $7.62B (+58%, +33% organic), adjusted EPS $1.06 (+68%), record orders $9.4B (book-to-bill 1.24); IT datacom led on AI-related demand. Guided Q2 sales to $8.1B–$8.2B. (source)
- · Closed CommScope connectivity acquisition.Amphenol completed its acquisition of CommScope's connectivity and cable solutions businesses, expanding its fiber and data-center interconnect footprint and contributing to Q1 growth. (source)
Segment splits are Amphenol's three reportable segments from the Q1 2026 release. IT datacom is an end market that spans segments, not a reportable segment. GAAP EPS reflects CommScope acquisition step-up and integration costs.
Figures are as of 2026-06-04 and reflect the most recent public filings/IR releases; they are updated after each earnings report.
What does Amphenol do?
Amphenol makes the parts that carry power and data between electronic components: connectors, backplane and cable assemblies, fiber-optic interconnect, antennas, and sensors. The products are mundane individually and indispensable in aggregate, because no server, switch, or rack works unless its chips are physically connected at high speed. The company runs three reportable segments: Communications Solutions (which carries the IT datacom and mobile-networks business), Harsh Environment Solutions (military, aerospace, industrial), and Interconnect and Sensor Systems (automotive, industrial sensors, and broad interconnect). It grows through a mix of organic share gains and a long history of acquisitions, most recently the CommScope connectivity and cable business, which closed in early 2026 (Fierce Network).
“Sales increased from prior year by 58%, driven by strong organic growth in most of our end markets, including exceptional organic growth in the IT datacom market.”
— Adam Norwitt, CEO, Amphenol Q1 2026 release
Why is Amphenol part of the Google value chain?
An AI cluster is thousands of accelerators that have to talk to each other and to storage at very high bandwidth, and every one of those links is a physical connector and cable assembly. Amphenol is one of the largest suppliers of that interconnect, so it gets paid as Google and the other hyperscalers build out racks and data centers. The pull-through is visible in the numbers: its Communications Solutions segment grew 88% year over year in Q1 2026, and management attributed the surge to AI-related IT datacom demand (Amphenol Q1 2026 release). That places Amphenol alongside switch maker Arista and the optical names as the physical-layer beneficiaries of Alphabet’s 2026 capital expenditure guidance of $175 to $185 billion (CNBC).
What did Amphenol report most recently?
In Q1 2026 (the quarter ended March 31, 2026), Amphenol posted record net sales of $7.62 billion, up 58% year over year and 33% organically (Amphenol, Apr 29, 2026). Adjusted diluted EPS rose 68% to $1.06, and GAAP diluted EPS was $0.72, up 24%, with the gap reflecting CommScope acquisition step-up and integration costs. Orders set a record at $9.4 billion, a book-to-bill of 1.24, and adjusted operating margin reached 27.3%. By segment, Communications Solutions led with $4,534.7 million (+88%), followed by Harsh Environment Solutions at $1,693.1 million (+34%) and Interconnect and Sensor Systems at $1,392.3 million (+23%).
What is Amphenol’s guidance?
For Q2 2026, Amphenol guided net sales to $8.1 billion to $8.2 billion, up 43% to 45% year over year, and adjusted diluted EPS to $1.14 to $1.16, up 41% to 43% (Amphenol, Apr 29, 2026). The guide implies continued sequential growth led by IT datacom. Full-year 2025 sales were about $23.1 billion, up roughly 52%, so the Q2 guide points to further acceleration in 2026.
What are the risks for Amphenol?
- AI capex concentration. A large share of recent growth comes from IT datacom tied to hyperscaler spending; a pause in AI data-center build-outs would slow the fastest-growing part of the business.
- Acquisition integration. Amphenol grows partly by acquisition, and deals like CommScope bring step-up amortization and integration costs that weigh on GAAP earnings.
- Cyclical end markets. Industrial, automotive, and communications demand moves with the broader economy and can soften.
- Margin and pricing. Rapid mix shifts and input-cost swings can pressure the operating margins that have expanded on AI volume.
Related securities, concepts & terms
Related indices & ETFs
- TIGER Google Value Chain ETF (0190Y0) · Mirae Asset Global InvestmentsKorea-listed ETF tracking the Akros Google Value Chain Index; Amphenol is a constituent as the high-speed interconnect layer.
- Akros Google Value Chain Index (AGOOGVC) · AkrosThe benchmark the TIGER ETF tracks: up to 20 Google value-chain names, including Amphenol.
Frequently asked questions about Amphenol
What does Amphenol do?
Amphenol designs and makes the connectors, cable, and interconnect systems that carry power and data between electronic components. Its products range from high-speed connectors and backplane and cable assemblies inside AI servers to harsh-environment connectors for industrial, automotive, aerospace, and defense uses. It reports in three segments: Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems.
Why is Amphenol part of the Google value chain theme?
AI servers and racks only work if every chip, accelerator, and switch is physically wired together at very high speed, and that wiring is connectors and cable assemblies. Amphenol is one of the largest suppliers of that interconnect, so it captures dollars as hyperscalers like Google build out data centers. Its Communications Solutions segment, which carries the IT datacom business, grew 88% year over year in Q1 2026 on AI demand (Amphenol Q1 2026 release).
What was Amphenol's latest quarterly revenue?
Amphenol reported record Q1 2026 (quarter ended March 31, 2026) net sales of $7.62 billion, up 58% year over year and 33% organically (Amphenol, Apr 29, 2026). Adjusted diluted EPS rose 68% to $1.06 and GAAP diluted EPS was $0.72, up 24%, with record orders of $9.4 billion and a 1.24 book-to-bill ratio.
When does Amphenol report next earnings?
Amphenol is expected to report Q2 2026 results around July 29, 2026. That date is calendar-estimated from prior years and not yet confirmed, so check Amphenol investor relations. The company last reported Q1 2026 on April 29, 2026, and guided Q2 sales to $8.1 billion to $8.2 billion.
What was Amphenol's full-year 2025 revenue?
Amphenol reported full-year 2025 net sales of about $23.1 billion, up roughly 52% year over year, driven largely by AI and datacom demand and acquisitions (Amphenol FY2025 Form 10-K, SEC EDGAR). Momentum carried into 2026, with record Q1 sales of $7.62 billion.
Sources & references
- Amphenol reports record first quarter 2026 results (Form 8-K, Exhibit 99.1) · Amphenol Corporation / SEC EDGAR, 2026-04-29
- Amphenol Corporation · FY2025 annual report (Form 10-K) · Amphenol Corporation / SEC EDGAR, 2026-02-05
- Amphenol news and events · CommScope connectivity acquisition · Amphenol Corporation, 2026-04-29
- CommScope assets help propel Amphenol revenues in Q1 2026 · Fierce Network, 2026-04-30
- Amphenol Corporation · Investor events and earnings calendar · Amphenol Corporation (Investor Relations), 2026-06-04
- NYSE listed company information · APH · New York Stock Exchange, 2026-06-02