AMPHENOL CORP /DE/ (APH) Company Report

Amphenol priced $7.5 billion aggregate principal amount of senior notes across seven tranches: $500 million floating-rate due 2027; $750 million of 3.800% due 2027; $750 million of 3.900% due 2028; $1.0 billion of 4.125% due 2030; $1.25 billion of 4.400% due 2033; $1.6 billion of 4.625% due 2036; and $1.65 billion of 5.300% due 2055.
The notes were issued under the indenture dated March 16, 2023 and registered pursuant to a Form S-3, with a final prospectus supplement filed October 27, 2025.
Special counsel opined that, upon execution, authentication and delivery, the notes will constitute valid, binding obligations of the company.

Nov 10, 2025, 9:39 PM

8-K

Amphenol completes Trexon acquisition

APH

M&A

Amphenol Corp. (NYSE: APH) completed its acquisition of Trexon from Audax Private Equity for $1 billion in cash.
Trexon is expected to be accretive to earnings in the first year post-closing and will be integrated into Amphenol’s Harsh Environment Solutions segment.
CEO R. Adam Norwitt emphasized the enhanced technology solutions from combining Trexon’s high-reliability cable assembly products with Amphenol’s interconnect offerings.

Nov 6, 2025, 1:00 PM

Press Release

Amphenol prices $6.5 billion of senior notes to fund CommScope acquisition

APH

Debt Issuance

M&A

Amphenol priced $500 million floating rate senior notes due 2027 at SOFR+0.53% and six fixed-rate series totaling $6.25 billion, with coupons from 3.800% to 5.300% across maturities 2027–2055.
The offerings are expected to close on November 10, 2025, subject to customary conditions.
Proceeds, together with cash, delayed-draw term loans and commercial paper, will fund the pending acquisition of CommScope’s Connectivity and Cable Solutions businesses.
Each series is subject to a special mandatory redemption at 101% of par if the CommScope acquisition isn’t consummated by the agreed date.

Oct 28, 2025, 12:00 PM

8-K

Amphenol reports Q3 2025 results

APH

Earnings

Guidance Update

M&A

Amphenol delivered Q3 sales of $6.194 billion, up 53% YoY (41% organically), and a record $6.111 billion in orders (book-to-bill 0.99:1).
Generated record GAAP EPS of $0.97 (+102% YoY) and adjusted EPS of $0.93 (+86% YoY); operating margin reached 27.5%, up 560 bps YoY.
Returned capital through repurchases of 1.4 million shares at ~$109 and increased the quarterly dividend by 52% to $0.25 per share (effective Jan 2026), totaling $354 million in YTD shareholder distributions.
Expanded portfolio via M&A: signed a definitive agreement to acquire Trexon for ~$1 billion, closed on Rochester Sensors (~$100 million sales), and pending CCS acquisition.
Issued Q4 guidance of $6.0–6.1 billion in sales (+39%–41% YoY) and $0.89–0.91 in adjusted EPS (+62%–65% YoY); full-year 2025 outlook raised to $22.66–22.76 billion in sales and $3.26–3.28 in adjusted EPS.

Oct 22, 2025, 5:00 PM

Transcript

Amphenol reports Q3 2025 results

APH

Earnings

Dividends

M&A

Amphenol delivered record Q3 sales of $6,194 M (up 53% YoY; 41% organically) with GAAP EPS of $0.97 and adjusted EPS of $0.93.
Achieved a record operating margin of 27.5%, up 560 bps YoY and 190 bps sequentially.
Generated $1,471 M in operating cash flow and $1,215 M in free cash flow, ending the quarter with net leverage of 0.7x and net debt of $4.2 B.
Returned $354 M to shareholders via repurchase of 1.4 M shares and raised the quarterly dividend 52% to $0.25 per share.
Announced a $1 B acquisition of Trexon, closed the Rochester Sensors deal, expects CCS close by Q1 2026, and guided Q4 sales of $6.0–6.1 B with EPS of $0.89–0.91.

Oct 22, 2025, 5:00 PM

Transcript

Amphenol reports record Q3 2025 results and raises dividend

APH

Earnings

Dividends

M&A

Net sales of $6.2 billion, up 53% in U.S. dollars and 41% organically; GAAP diluted EPS of $0.97 (+102%) and adjusted EPS of $0.93 (+86%) in Q3 2025.
Operating margin reached a record 27.5%, with operating cash flow of $1.5 billion and free cash flow of $1.2 billion for the quarter.
Returned $354 million to shareholders in Q3 via repurchase of 1.4 million shares for $153 million and dividends of $201 million; Board approved a 52% dividend increase to $0.25 per share.
Completed acquisition of Rochester Sensors in August (annual sales ~$100 million) and reiterated that the CCS acquisition is expected to close by Q1 2026.

Oct 22, 2025, 1:28 PM

8-K

Amphenol reports record Q3 2025 results

APH

Earnings

Guidance Update

Dividends

Revenue reached $6.2 billion in Q3 2025, a 53% year-over-year increase driven by AI infrastructure and defense demand; the communications segment nearly doubled sales following the $1 billion Trexon acquisition.
Operating margin hit a record 27.5%, underscoring exceptional profitability.
Raised Q4 revenue guidance to $6.0–6.1 billion and adjusted EPS forecast to $0.89–0.91.
Increased quarterly dividend by 52% to $0.25 per share, signaling confidence in future growth.
Balance sheet strength highlighted by a current ratio of 2.02, debt-to-equity of 0.7, and an Altman Z-Score of 8.47.

Oct 22, 2025, 1:19 PM

Morningstar

Alphamin Resources reports Q3 2025 operational update

APH

Guidance Update

Dividends

Contained tin production was 5,190 tonnes, up 26% QoQ, with 5,143 tonnes sold in Q3 2025.
EBITDA guidance for Q3 2025 of US$96 million, a 28% increase from Q2’s US$75 million.
FY2025 production guidance raised to 18,000–18,500 tonnes, up from 17,500 tonnes previously.
Interim dividend of CAD 0.07 per share paid on 15 September 2025, and cash balance of US$57 million at 30 September 2025.

Oct 7, 2025, 9:04 PM

Press Release

Amphenol highlights strong AI datacom growth, record margins, and strategic acquisitions

APH

Revenue Acceleration/Inflection

M&A

Guidance Update

Delivered 41% organic growth in the quarter, with nine of eleven end markets expanding in double digits.
Achieved a 133% year-over-year increase in IT datacom (AI data center) revenue; announced the CCS acquisition to broaden fiber optics connectivity in data centers.
Completed strategic M&A deals, including Trexon and Narda Mitek to enhance defense/RF interconnect, and CIT/LifeSync to strengthen industrial and medical connectors.
Posted a record 25.6% operating margin, with a long-term target of 30% incremental margin conversion; acquired businesses expected to reach company-average profitability over time.
Issued subseasonal Q3 guidance reflecting approximately one week of accelerated IT datacom shipments pulled forward into Q2.

Sep 3, 2025, 6:48 PM

Amphenol implements $2B senior unsecured term loan facilities

APH

Debt Issuance

M&A

On August 22, 2025, Amphenol executed a 364-day term loan agreement and a three-year term loan credit agreement, with JPMorgan Chase Bank, N.A. as Administrative Agent.
The senior unsecured delayed draw term loan facility totals $2.0 billion to fund the Commscope connectivity and cable solutions business acquisition, refinance existing obligations, and cover transaction fees.
The agreements include a Consolidated Net Leverage Ratio covenant not to exceed 3.50 to 1.00, optionally increased to 4.00 to 1.00 for four consecutive quarters post-acquisition, calculated on a pro forma basis.
Proceeds are restricted for acquisition consideration, debt refinancing, and related fees and expenses in connection with the transactions.

Aug 25, 2025, 12:00 AM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for AMPHENOL CORP /DE/.

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