Amphenol Q2 FY2026: sales up 55%, adjusted EPS up 67%, Q3 guided higher
Amphenol's June 2026 quarter was a blowout: sales of $8.76 billion, up 55.0% from a year earlier, adjusted EPS of $1.35, up 67.0%, and a Q3 sales guide at least 50.0% above last year. The question is quality. Acquisitions supplied 24.0% of the growth and $80 million of tariff recoveries lifted profit, so read the headline numbers as strong but flattered.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS of $1.37 compares with $0.86 a year earlier, and adjusted EPS of $1.35 compares with $0.81. Adjusted operating margin was 29.8%, but that includes an $80 million, $0.04-per-share tariff recovery; strip it out and the margin is closer to 28.9%. The consensus EPS figure supplied here, $0.60, sits so far below both reported figures that the gap is too wide to read as a normal beat.
Sales of $8.76 billion rose 55.0% from $5.65 billion a year earlier, the seventh straight sequential increase in the quarterly data shown, and 30.0% of that came organically. Communications Solutions did the heavy lifting at $5.38 billion, up 84.0% in constant currency, while Harsh Environment grew 28.0% and Interconnect and Sensor Systems 17.0%. Orders of $10.7 billion left a book-to-bill of 1.23:1, which says demand has not stalled.
Management guided Q3 2026 sales to $9.3 billion to $9.4 billion, a 50.0% to 52.0% increase over the prior-year quarter, with adjusted EPS of $1.40 to $1.42. That EPS range excludes any further tariff recoveries, so it is a cleaner number than Q2's. The midpoint of $9.35 billion also implies about 6.8% sequential growth from the June quarter.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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