APH Q1 2026 Earnings

Call Details

• Call Title: Amphenol Corporation Q1 2026 Earnings Call
• Date: April 29, 2026 at 5:00 PM UTC
• Management Team:
  • Craig Lampo (Chief Financial Officer)
  • Adam Norwitt (Chief Executive Officer)

Call Summary

Financial Performance

• Company reported record sales of $7.6B for Q1 2026 and GAAP diluted EPS of $0.72 and adjusted diluted EPS of $1.06.
• Sales increased 58% in U.S. dollars, 57% in local currencies, and 33% organically versus Q1 2025.
• Orders were a record $9.4B, up 78% year-over-year and up 12% sequentially, producing a book-to-bill of 1.24 to 1.
• GAAP operating income was $1.8B with a GAAP operating margin of 24%, while adjusted operating income was $2.1B with an adjusted operating margin of 27.3%.
• Acquisition-related costs of $249M in the quarter included $179M of non-cash amortization and a $70M external transaction charge.
• Adjusted diluted EPS increased 68% to $1.06 from $0.63 in Q1 2025.
• Operating cash flow was $1.1B (120% of net income) and free cash flow was $831M (89% of net income) for the quarter.
• First quarter 2026 EBITDA was $2.3B and reported net leverage at quarter end was 1.6 times.

Guidance

• The company expects Q2 sales in the range of $8.1B to $8.2B and adjusted diluted EPS of $1.14 to $1.16.
• The Q2 guide implies sales growth of 43% to 45% and adjusted EPS growth of 41% to 43% versus the comparable prior year quarter.
• The company expects an adjusted effective tax rate of 27% for the remainder of 2026.
• The company expects quarterly interest expense net of interest income to be approximately $200M for the remainder of 2026.