Amphenol Corporation reported record financial results for the third quarter of 2026. Sales for the quarter reached $10.2 billion, representing a 65% increase compared to the same period in 2025. The company also reported record orders of $12.2 billion, resulting in a book-to-bill ratio of 1.19:1. GAAP diluted earnings per share (EPS) were $0.79, while adjusted diluted EPS was $0.80, both showing significant year-over-year growth.
On the operations front, the company achieved GAAP and adjusted operating margins of 29.5% and 29.7%, respectively. Operating and free cash flow for the quarter totaled $2.1 billion and $1.6 billion, respectively. During the quarter, Amphenol completed the acquisition of Empire Electronics, a manufacturer of automotive interconnect assemblies, which is expected to generate approximately $320 million in sales for 2026. Additionally, the company signed definitive agreements to acquire AdvancedPCB, Dexgreen Limited, and the sensor business from Humanetics, with combined expected full-year 2026 sales of approximately $430 million.
In a separate announcement, Amphenol’s Board of Directors approved a 20% increase to the company’s quarterly dividend. The dividend will rise from $0.125 per share to $0.15 per share, effective with the fourth quarter of 2026. The company also authorized a new three-year stock repurchase program, allowing for the purchase of up to $4 billion of common stock beginning January 1, 2027. Amphenol expects to complete its existing $2 billion repurchase program by the end of 2026.
Regarding the outlook, Amphenol expects fourth quarter 2026 sales to range from $10.3 billion to $10.5 billion, with adjusted diluted EPS projected between $0.81 and $0.83. For the full year 2026, the company forecasts sales between $36.9 billion and $37.1 billion and adjusted diluted EPS between $2.82 and $2.84.
