AMPHENOL CORP /DE/ (APH) Earnings History
AMPHENOL CORP /DE/ - Q4 FY2025 EarningsBeat
EXECUTIVE SUMMARY
Amphenol reported record fourth quarter and full year 2025 results, driven by strong organic growth across most end markets, particularly IT datacom, and contributions from its acquisition program. The company achieved excellent profitability with significant year-over-year increases in sales and Adjusted Diluted EPS, alongside robust operating and free cash flow generation.
POSITIVE HIGHLIGHTS
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Fourth quarter sales of $6.4 billion increased 49% year-over-year and 37% organically.
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Full year 2025 sales reached $23.1 billion, up 52% year-over-year and 38% organically.
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Fourth quarter Adjusted Diluted EPS of $0.97 increased 76% year-over-year.
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Full year 2025 Adjusted Diluted EPS of $3.34 increased 77% year-over-year.
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Fourth quarter GAAP Operating Margin was 26.8%, and Adjusted Operating Margin was 27.5%.
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Full year 2025 GAAP Operating Margin was 25.4%, and Adjusted Operating Margin was 26.2%.
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Completed five acquisitions during 2025, including Trexon, and announced the acquisition of CommScope's CCS business.
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Returned nearly $1.5 billion to shareholders in 2025 through share repurchases and dividends.
positive
CONCERNS & RISKS
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A discrete tax item related to Chinese tax authorities challenging tax positions resulted in a $100.0 million accrual in Q4 2025, with a potential range of $100.0 million to $300.0 million.
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Acquisition-related expenses were $47.4 million in Q4 2025 and $181.2 million for the full year 2025.
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Inventories increased from $2,545.7 million in Dec 2024 to $3,424.9 million in Dec 2025.
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Long-term debt increased significantly from $6,484.4 million in Dec 2024 to $14,564.8 million in Dec 2025, largely due to acquisitions.
attention
FINANCIAL METRICS
MARGIN ANALYSIS
Margin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
REVENUE BY SEGMENT — Q4 FY2025 2025
VISUAL OVERVIEW
DETAILED BREAKDOWN
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Communications Solutions | N/A | — | — | — |
Harsh Environment Solutions | N/A | — | — | — |
Interconnect and Sensor Systems | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
MANAGEMENT GUIDANCE
Q1 2026
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
SPECIAL ITEMS & ADJUSTMENTS
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
MANAGEMENT COMMENTARY
Record fourth quarter and full-year sales and Adjusted Diluted EPS, significantly exceeding guidance.
Strong organic growth in virtually all end markets, with exceptional growth in IT datacom.
Excellent profitability with strong Adjusted Operating Margins.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.