APH Q2 2026 Earnings

Call Details

• Call Title: Amphenol Corporation Q2 2026 Earnings Call
• Date: July 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 $8.8B in Q2 2026 on a GAAP basis.
• GAAP diluted EPS was $1.37 and adjusted diluted EPS was a record $1.35 in the quarter.
• Second quarter sales were up 55% in U.S. dollars, up 54% in local currencies, and up 30% organically versus Q2 2025.
• Orders were a record $10.732B in the quarter, which was up 94% year-over-year and up 14% sequentially, producing a book-to-bill of 1.23.
• GAAP operating income was $2.6B and GAAP operating margin was 29.5%, while adjusted operating income was $2.6B and adjusted operating margin was 29.8%.
• Operating cash flow was $1.6B (88% of net income) and free cash flow was $1.2B (68% of net income) in the quarter.

Guidance

• Company provided Q3 2026 sales guidance in the range of $9.3B to $9.4B and adjusted diluted EPS guidance of $1.40 to $1.42.
• The Q3 guidance implies sales growth of approximately 50% to 52% year-over-year and adjusted diluted EPS growth of approximately 51% to 53% year-over-year versus the comparable quarter.
• Guidance assumes constant currency and excludes any additional net tariff recoveries, which the company expects to be immaterial going forward.
• CommScope full-year contribution was increased to $4.6B of sales and $0.30 of EPS accretion for 2026, up from prior expectations of $4.1B and $0.15 of EPS accretion.
• Company expects third-quarter trends to vary by end market, with IT Datacom expected to increase further and communications networks expected to decline in the mid-teens sequentially.
• No guidance was provided for changes in the adjusted tax rate beyond the reported Q2 adjusted tax rate of 27%.