Amphenol Q3 Sales Rise 65% to $10.2B as Orders Hit Record $12.2B
Amphenol said IT datacom led organic growth of 37%, but its release does not break out data-center revenue, and acquisitions lifted reported growth to 65%.
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Amphenol reported third-quarter 2026 sales of $10.2 billion and orders of $12.2 billion, according to its Form 8-K release.
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Amphenol reported record third-quarter 2026 sales of $10.2 billion, up 65% from a year earlier, in a release dated Oct. 28, and said orders reached $12.2 billion for a book-to-bill ratio of 1.19:1.
Organic sales growth was 37%, the company said. Chairman and CEO R. Adam Norwitt credited "continued exceptional organic growth in the IT datacom market" along with contributions from acquisitions. Adjusted diluted earnings per share were $0.80, up 74%, GAAP diluted EPS was $0.79, and adjusted operating margin was 29.7%. Free cash flow was $1.6 billion.
The data-center read-through is indirect. Amphenol makes interconnect products, and it named IT datacom as a driver, but the release gives no IT datacom revenue, so the data-center share of the $10.2 billion cannot be taken from it. The segment table shows Communications Solutions sales of $6,583.0 million, against $3,309.5 million a year earlier. The gap between 65% reported growth and 37% organic growth reflects acquisitions, including the CommScope business, which Amphenol now expects to generate $5.1 billion of full-year 2026 sales, up from its earlier expectation of $4.6 billion.
Communications Solutions segment sales were $6,583.0 million, against $3,309.5 million a year earlier, according to Amphenol's Form 8-K release.
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Guidance for the fourth quarter and the year
Amphenol expects fourth-quarter sales of $10.3 billion to $10.5 billion, about 60% above the prior-year quarter, and adjusted EPS of $0.81 to $0.83. For full-year 2026 it guides to sales of $36.9 billion to $37.1 billion and adjusted EPS of $2.82 to $2.84. The guidance leaves out AdvancedPCB, Dexgreen and Humanetics Sensors, whose purchases have not closed.
Acquisitions, debt and payouts
Amphenol closed on Empire Electronics in early September and signed definitive agreements for the other three companies. The combined purchase price for the four is about $1.6 billion, financed with cash on hand and debt. AdvancedPCB and Humanetics Sensors are expected to close in the fourth quarter of 2026, and Dexgreen in the first quarter of 2027, subject to regulatory approvals.
The balance sheet moved with the deals. Long-term debt, less the current portion, stood at $17,170.1 million on Sept. 30, against $14,564.8 million at the end of 2025, while cash and short-term investments fell to $5,301.4 million from $11,434.2 million. Amphenol also raised its quarterly dividend 20% to $0.15 per share and approved a new three-year, $4 billion buyback that takes effect on Jan. 1, 2027.
Other data-center suppliers have reported this week as well. Voltgrid News covered Vertiv's third-quarter results, and earlier reported that Nexans sees cable capacity as a bottleneck for AI data centers.
What is not confirmed yet
The release does not split sales by end market, so the size of the IT datacom business, its growth rate and its customers are not disclosed in it. Guidance assumes constant exchange rates and current market conditions, and three of the four acquisitions still need to close.
