Amphenol Corp

Company facts

Industry

Electronic Connectors

Headquarters

Wallingford, Connecticut

Most recent report

10-Q, filed Oct 30, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 820313

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 13 sections worth reading, with 3 positive, 27 notable, and 1 negative flags.

• Financial Statements (Item 1)

  Massive CommScope acquisition transforms balance sheet; debt, goodwill, and inventory all surged.
  Notable

  • Three-Year Delayed Draw Term Loan of $1.5B drawn in January 2026 to fund CommScope; 364-day loan fully repaid.
  • Issued €1.1B in new Euro senior notes in 2026 to repay commercial paper and term loans.
  • Stock option exercise activity reduced the effective tax rate by 180 bps in Q3 2026 and 270 bps YTD.
  • Acquisition-related expenses increased effective tax rate by 10 bps in Q3 2026 and 40 bps YTD.
  • Income tax related accruals of $60.0M in Q3 2026 and $229.0M YTD, primarily for foreign tax settlements.
  • Unrecognized tax benefits were $375.7M as of September 30, 2026; $30.5M expected to resolve in 12 months.
  • H.R. 1 enacted July 4, 2025 did not have a material impact on effective tax rate for 2026 periods.
  • Board authorized new $4.0B stock repurchase program for 2027-2029, up from $2.0B prior.
  • Stock-based compensation expense was $47.0M in Q3 2026 and $126.6M YTD.
  • Excess tax benefits from option exercises were $52.2M in Q3 2026 and $183.6M YTD.
  • Unrecognized compensation cost for non-vested options was $483.4M with 3.67 year amortization.
  • Unrecognized compensation cost for restricted shares was $0.9M.
  • Anti-dilutive shares excluded from diluted EPS: 12.7M in Q3 2026 and 6.4M YTD.
  • No current requirement for cash contributions to U.S. pension plans.
  • Matching contributions to U.S. defined contribution plans were $36.8M for nine months ended September 30, 2026.
  • CommScope acquisition: net sales of $3.7B and net income of $471.4M from acquisition date to September 30, 2026.
  • CommScope intangible assets: $1.4B proprietary technology, $1.2B customer relationships, $545M trade names, $47M backlog.
  • CommScope goodwill of $7.0B assigned to Communications Solutions segment; none tax-deductible.
  • 2025 Acquisitions (including Andrew and Trexon) added $2.1B goodwill and $1.2B intangible assets.
  • Goodwill impairment test as of July 1, 2026 showed no impairment; qualitative assessment passed.
  • Amortization expense jumped to $366.8M for nine months ended September 30, 2026 from $133.1M.
  • Revenue recognition: less than 5% of net sales recognized over time; most at point-in-time.
  Negative

  • Paid $230M in China tax disputes; recorded $160M additional tax obligations from reassessment.

• Management's Discussion (Item 2)

  Massive revenue and profit growth, huge CommScope acquisition, and major tax payments.
  Positive

  • Net sales up 65% to $10.2B in Q3 2026, with 37% organic growth led by AI-related IT datacom.
  • Operating margin improved to 29.5% in Q3 2026 from 27.5% in Q3 2025, driven by operating leverage.
  Notable

  • Interest expense tripled to $212.3M in Q3 2026 from $80.7M in Q3 2025, due to debt for acquisitions.
  • Cash and short-term investments halved to $5.3B at Sept 30, 2026 from $11.4B at Dec 31, 2025, used for CommScope.
  • Acquired CommScope and three other companies for ~$11.1B in first nine months of 2026, funded with debt and cash.
  • Signed agreements to buy three more companies for ~$1.2B, expected to close by Q1 2027.

• Unregistered Sales and Repurchases (Item 2)

  New $4B buyback authorized; $244.7M spent in Q3 2026; remaining authorization details.
  Positive

  • Repurchased $244.7M in Q3 2026, with $165.9M remaining under 2024 program expected to complete by year-end.
  Notable

  • After quarter end, repurchased 0.9M shares for $74.6M through Oct 27, 2026, showing continued buyback pace.

What changed: Sep 2026 vs. Jun 2026

About 3% of APH's Sep 2026 10-Q is new information. 12 paragraphs were added, 150 changed, and 27 removed. Below are the most important lines SECSift identified.

• Item 1 66
• Item 2 58
• Item 3 1
• Item 4 1
• Item 5 1