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Amphenol Corp

Amphenol Corp

APH
$152.67USD↓-3.02%-4.76 today

MARKET CAP

187.8B

P/E (TTM)

40.5x

FWD P/E

30.3x

DAY RANGE

$151 – $159

52W RANGE

$102
$179

AI Summary

Stalk
Sell NowMedium

APH has entered a Stage 3 distribution phase, with a Bearish Pivot Point and flattening 9/21 and 50-day moving averages exerting resistance. Medium-term directional bias is bearish and tradable to the downside. Short-term momentum is down and price is rejecting at the EMAs, making now an opportune time to sell into resistance. Long-term uptrend remains intact above the 200-day MA, framing declines as mean reversion within the broader uptrend.

  • ↑Q1 sales grew 58% YoY to $7.6 B, orders hit $9.4 B (1.24 book-to-bill).
  • ↑Adjusted EPS rose 68% YoY to $1.06; operating cash flow was $1.1 B (120% of net income).
  • ↓Current P/E of 45.4× vs 5-year median 34.2× indicates potential overvaluation.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

Amphenol Corporation (NASDAQ: APH) is a prominent player in the manufacturing sector, focusing on interconnect solutions, sensors, and antenna technologies for diverse markets, including communications, automotive, industrial, and defense. The company is well-positioned in rapidly expanding sectors such as artificial intelligence (AI), driven by its robust product portfolio in IT Datacom, automotive electronics, and defense technologies, underscoring its strategic relevance in the context of increasing demand for connectivity solutions.

Bull says

  • ↑Q1 sales grew 58% YoY to $7.6 B, orders hit $9.4 B (1.24 book-to-bill).
  • ↑Adjusted EPS rose 68% YoY to $1.06; operating cash flow was $1.1 B (120% of net income).
  • ↑CommScope deal strengthens high-speed interconnect offerings for AI/datacenters.
  • ↑Returned $485 M in buybacks/dividends, highlighting robust free cash flow.
  • ↑Analysts raised FY26 EPS to $4.76 (+10% revisions) and lifted price target to $186.
  • ↑High earnings yield and strong momentum factors signal continued investor interest.

Bear says

  • ↓Current P/E of 45.4× vs 5-year median 34.2× indicates potential overvaluation.
  • ↓Margin dilution from costly CommScope integration may pressure profitability.
  • ↓Material cost inflation and supply constraints weigh on margins; liquidity is tight.
  • ↓Heavy reliance on AI-driven IT Datacom growth may not sustain 133% gains.
  • ↓Defense segment exposure faces geopolitical budget swings that could hit sales.
  • ↓Negative earnings yield and low book-to-price ratio highlight valuation risks.

Investment themes with APH

High Beta↓ -0.12%

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Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-01-2026neutral

Transcript signals

Bull points

  • The company closed the first quarter of 2026 with record sales of $7.6 billion and GAAP and adjusted lewd EPS of $0.72 and $1.06 respectively.
  • First quarter sales were up 58% in U.S. dollars, 57% in local currencies, and 33% organically compared to the first quarter of 2025.
  • Orders in the quarter were a record $9,435,000,000, up a strong 78% compared to the first quarter of 2025, and up 12% sequentially, resulting in another very strong book-to-bill ratio of 1.24 to 1.

Bear points

  • Sequentially, sales grew by 2%, which was in line with our expectations coming into the quarter.
  • Sequentially, our sales moderated by 3% from the fourth quarter, which was better than our expectations coming into the quarter.
  • The automotive market represents 11% of our sales in the quarter.
Read full transcript analysis ›