Amphenol Corp., US0320951017

Amphenol stock: Record sales fuel dividend hike and $4 billion buyback

Published on 11/02/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Amphenol stock follows record third-quarter sales and a larger shareholder-return program. Management also issued a strong fourth-quarter outlook.

Earnings and shareholder returns

Amphenol reported record third-quarter sales and orders, with strong organic growth across its markets.
The company raised its quarterly dividend and authorized a new three-year share repurchase plan.
Management expects further sales and adjusted earnings growth in the fourth quarter and full year.

Amphenol Corp., US0320951017, Illustration mit AI erstellt.

Amphenol Corporation reported record third-quarter results on Wednesday, October 28, 2026, and expanded its plans to return cash to shareholders. In its investor-relations release, the connector and interconnect-systems maker said sales reached 10.2 billion US dollars, up 65 percent from the prior-year quarter. Organic growth was 37 percent.

Orders rose to 12.2 billion US dollars, producing a book-to-bill ratio of 1.19. GAAP diluted earnings per share increased 61 percent to 0.79 US dollars, while adjusted diluted earnings per share rose 74 percent to 0.80 US dollars. GAAP operating margin was 29.5 percent and adjusted operating margin was 29.7 percent, compared with 27.5 percent a year earlier.

Growth extends beyond quarterly results

Chief Executive Officer R. Adam Norwitt said record sales and adjusted diluted earnings per share exceeded the high end of the company's guidance. He attributed the performance to strong organic growth in most end markets, including continued exceptional growth in information-technology datacom, alongside contributions from acquisitions.

Communications Solutions was the largest contributor, with quarterly sales of 6.58 billion US dollars, up 99 percent from a year earlier. Harsh Environment Solutions generated 2.04 billion US dollars, while Interconnect and Sensor Systems contributed 1.60 billion US dollars. The company closed its acquisition of Empire Electronics in September and signed agreements to acquire AdvancedPCB, Dexgreen and Humanetics Sensors. The combined purchase price for the four transactions is approximately 1.6 billion US dollars, with the remaining deals subject to customary closing conditions.

Amphenol expects fourth-quarter sales of 10.3 billion to 10.5 billion US dollars and adjusted diluted earnings per share of 0.81 to 0.83 US dollars. For full-year 2026, management projects sales of 36.9 billion to 37.1 billion US dollars and adjusted diluted earnings per share of 2.82 to 2.84 US dollars. The outlook excludes the acquisitions that have not yet closed.

Dividend and buyback reset

The board approved a 20 percent increase in the quarterly dividend to 0.15 US dollars per share from 0.125 US dollars. The higher payment is scheduled for January 13, 2027, for shareholders of record on December 22, 2026. Amphenol also expects to complete its existing three-year, 2 billion US dollar repurchase plan by December 31, 2026, before a new three-year, 4 billion US dollar authorization takes effect on January 1, 2027.

During the third quarter, the company repurchased 3.0 million shares for 245 million US dollars and paid 308 million US dollars in dividends. Total capital returned was 553 million US dollars. For investors, the combination of accelerating datacom demand, acquisition-led expansion and higher distributions supports the growth case, while the planned purchases also increase the importance of execution and balance-sheet discipline.

Amphenol stock traded at 71.79 euros on Lang & Schwarz at 11:47 CET on Monday, November 2, 2026. Investors can follow the real-time quote of Amphenol stock.