Amphenol 10-Q: Record Q3 Sales of $10.2B, New $4.0B Buyback and $1.2B of Pending Deals
APH sits 34% above its 52-week low of $59.005.
Summary
Amphenol's Q3 10-Q confirms record $10.2 billion in sales and $0.79 diluted EPS, and discloses a new $4.0 billion buyback plus about $1.2 billion of pending acquisitions funded with cash and debt.
Key Events · Earnings and Guidance · APH
-
Record Q3 Sales, Margin Expansion
Net sales of $10,229.7 million rose 65% in dollars and 37% organically; operating income was $3,020.8 million, a 29.5% margin versus 27.5% a year ago.
-
New $4.0 Billion Buyback Authorized
Board approved a $4,000.0 million repurchase program for January 1, 2027 through December 31, 2029; the 2024 program has $165.9 million left and is expected to be completed by December 31, 2026.
-
Three Acquisitions Pending for ~$1.2 Billion
Definitive agreements to buy three companies for a combined ~$1,200.0 million, two expected to close by end of Q4 2026 and one by end of Q1 2027, funded with cash on hand and debt.
-
Cash Falls, Debt and Interest Rise
Cash and short-term investments were $5,301.4 million versus $11,434.2 million at December 31, 2025 after $11,055.8 million of acquisitions; total debt reached $17,870.8 million and quarterly interest expense rose to $212.3 million from $80.7 million.
Analysis · APH · Manufacturing
The quarter itself was already public via the October 28 8-K, but the 10-Q adds two things investors did not have: a new $4.0 billion repurchase authorization running 2027-2029 (replacing the nearly exhausted 2024 program, which has $165.9 million left) and definitive agreements to buy three companies for about $1.2 billion, two closing by year-end 2026 and one by the end of Q1 2027. Sales of $10.2 billion were up 65% in dollars and 37% organically, with Communications Solutions nearly doubling on AI-driven datacom demand, and operating margin expanded to 29.5% from 27.5%. The offset is balance sheet: cash and short-term investments dropped to $5,301.4 from $11,434.2 after $11,055.8 of acquisitions, and total debt rose to $17,870.8, pushing interest expense to $212.3 million for the quarter from $80.7 million a year ago.
How filings like this one have moved
In the 30 days to Oct 31, 2026, 31.4% of the 1757 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, APH was trading at $79.30 on NYSE in the Manufacturing sector, with a market capitalization of approximately $195.6B. The 52-week trading range was $59.01 to $89.93. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.