A fixed rule set over this filing's XBRL figures and the number of high-severity risks found in it — no model judgement.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Amphenol Corporation reported strong Q2 FY2026 financial results with revenue increasing 55.0% YoY to $8.76B and net income rising 62.1% to $1.77B, driven by surging artificial intelligence demand in the IT datacom market and strategic acquisitions.
Revenue
$8.76B
+55.00% YoY
EPS (Diluted)
$1.37
+59.30% YoY
Gross Margin
40.5%
+4.2 pts YoY
Operating Income
$2.58B
+82.17% YoY
Filed · Source: SEC EDGAR 10-Q filing
Amphenol (APH) reported Q2 FY2026 revenue of $8.76B, up 55.0% year over year. The company posted net income of $1.77B, up 62.1% from a year earlier, with diluted EPS of $1.37. Gross margin was 40.5%. Operating income was $2.58B, up 82.2% year over year. APH's fiscal Q2 FY2026 corresponds to calendar Q2 2026.
Amphenol delivered outstanding Q2 FY2026 results with sales reaching $8.76B (+55% YoY) and net income climbing to $1.77B (+62.1% YoY), fueled by robust AI infrastructure demand.
Last 4 quarters: 4 beats
Adjusted (non-GAAP) EPS of $1.35 versus the $1.19 analyst consensus — a +13.0% beat for Jun 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $1.37.
Communications Solutions net sales surged 85% YoY (42% organically) to $5,383.6M, representing approximately 62% of total company sales, driven by outsized organic growth in IT datacom with particular strength in AI-related applications.
Source: 10-Q Item 2 MD&A, p.35
Consolidated Q2 FY2026 net sales of $8,758.1M increased 55% YoY in U.S. dollars, 54% in constant currencies, and 30% organically, while acquisition programs contributed 24% to top-line growth.
Source: 10-Q Item 2 MD&A, p.35-36
Operating margin expanded to 29.5% from 25.1% in Q2 FY2025, driven by strong operating leverage on higher sales volumes and an $80.0M net benefit from the recovery of IEEPA tariffs, partially offset by lower-margin recent acquisitions.
Source: 10-Q Item 2 MD&A, p.37
The Q2 FY2026 effective tax rate reached 25.3%, impacted by $39.0M in discrete foreign tax reserves and unfavorable determinations in China, leading to an adjusted effective tax rate guidance of 27.0%.
Source: 10-Q Item 2 MD&A, p.38
Total liabilities surged 107.4% YoY to $29.18B, driving Q2 interest expense up to $213.7M from $80.9M in Q2 FY2025 following debt issuances and delayed draw term loans used to fund major acquisitions such as CommScope.
Source: 10-Q Item 2 MD&A, p.38
Unfavorable determinations from Chinese tax authorities regarding prior period tax positions required $169.0M in YTD tax accruals and $160.0M in tax reassessments, raising ongoing tax exposure and complexity.
Source: 10-Q Item 2 MD&A, p.38
Recently acquired entities currently operate with higher operating expenses as a percentage of sales relative to Amphenol's corporate average, creating short-term margin headwind during operational integration.
Source: 10-Q Item 2 MD&A, p.37
This analysis does not extract a guidance section. Companies issue revenue and EPS outlook in the 8-K press release and on the earnings call rather than in the 10-Q itself — though the filing's management discussion can contain forward-looking statements, which appear in the highlights above where they were material.
See the APH earnings preview — expected date, analyst estimates and what to watch →
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $8.76B | $5.65B | +55.00% |
Cost of Revenue | $5.21B | $3.6B | +44.85% |
Gross Profit | $3.55B | $2.05B | +72.80% |
Operating Income | $2.58B | $1.42B | +82.17% |
Net Income | $1.77B | $1.09B | +62.12% |
EPS (Basic) | $1.44 | $0.90 | +60.00% |
EPS (Diluted) | $1.37 | $0.86 | +59.30% |
SG&A Expense | $939.9M | $622.5M | +50.99% |
Amphenol reported strong Q2 FY2026 net sales of $8.76B (up 55.0% YoY) and net income of $1.77B ($1.37 diluted EPS). Results were boosted by 42% organic growth in Communications Solutions, propelled by booming AI datacom application demand.
Amphenol's Q2 FY2026 revenue grew 55.0% YoY in U.S. dollars to $8.76B. Growth was driven by 30% organic volume growth alongside a 24% contribution from its acquisition program.
Amphenol highlighted increased interest costs ($213.7M in Q2) from debt used to fund acquisitions like CommScope, as well as ongoing international tax complexity and discrete tax reserves in foreign jurisdictions such as China.
Expected release date, analyst estimates & what to watch
APH delivered exceptional Q1 FY2026 results with revenue surging 58.4% YoY to $7.62B and operating income jumping 78.7% to $1.83B, driven largely by significant acquisition activity that nearly doubled total assets to $42.1B.
APH delivered exceptional FY2025 results with revenue surging 51.7% to $23.1B and net income jumping 76.2% to $4.3B, driven by strong organic growth and acquisitions, while expanding gross margin to 36.9% and generating $5.4B in operating cash flow.
Other companies in Electronic Components