European Investor
28 Jan 2026, 16:34
Amphenol Corporation reported record fourth-quarter and full-year 2025 results, driven by strong organic growth across end markets and contributions from acquisitions.
In the fourth quarter, sales reached $6.4 billion, up 49% year over year, with organic growth of 37%. GAAP diluted EPS rose 58% to $0.93, while adjusted diluted EPS increased 76% to $0.97. Operating margins remained strong at 26.8% on a GAAP basis and 27.5% on an adjusted basis. The company generated $1.7 billion in operating cash flow and $1.5 billion in free cash flow during the quarter.
For the full year 2025, Amphenol posted sales of $23.1 billion, up 52% year over year, with organic growth of 38%. GAAP diluted EPS rose 74% to $3.34, while adjusted diluted EPS increased 77%. Operating cash flow totaled $5.4 billion and free cash flow reached $4.4 billion. During the year, Amphenol completed five acquisitions, returned nearly $1.5 billion to shareholders, and signed the agreement to acquire CommScope’s Connectivity and Cable Solutions business, which closed in January 2026.
Looking ahead, Amphenol guided for first-quarter 2026 sales of $6.9–7.0 billion and adjusted diluted EPS of $0.91–0.93, reflecting continued strong demand, including an estimated $900 million in quarterly sales contribution from the CCS business.
In the fourth quarter, sales reached $6.4 billion, up 49% year over year, with organic growth of 37%. GAAP diluted EPS rose 58% to $0.93, while adjusted diluted EPS increased 76% to $0.97. Operating margins remained strong at 26.8% on a GAAP basis and 27.5% on an adjusted basis. The company generated $1.7 billion in operating cash flow and $1.5 billion in free cash flow during the quarter.
For the full year 2025, Amphenol posted sales of $23.1 billion, up 52% year over year, with organic growth of 38%. GAAP diluted EPS rose 74% to $3.34, while adjusted diluted EPS increased 77%. Operating cash flow totaled $5.4 billion and free cash flow reached $4.4 billion. During the year, Amphenol completed five acquisitions, returned nearly $1.5 billion to shareholders, and signed the agreement to acquire CommScope’s Connectivity and Cable Solutions business, which closed in January 2026.
Looking ahead, Amphenol guided for first-quarter 2026 sales of $6.9–7.0 billion and adjusted diluted EPS of $0.91–0.93, reflecting continued strong demand, including an estimated $900 million in quarterly sales contribution from the CCS business.