Company file · APH
Amphenol
Communications Solutions was Amphenol's fastest-growing segment in FY2025, up 90.6%
Revenue rose 51.7% to $23.1B in FY2025, from $15.2B in FY2024. Net income rose 76.2% to $4.3B. Communications Solutions was the largest segment, at 52% of the segment total.
Key facts
In fiscal 2025, which ended Dec 31, 2025, Amphenol (NYSE: APH) took in $23.1B of revenue (up 51.7% on fiscal 2024); net income was $4.3B (up 76.2%). The most recent quarter, ended Jun 30, 2026, brought revenue of $8.8B, up 55.0% year over year, with net income of $1.8B. Communications Solutions was the biggest single line by segment: 52% of fiscal 2025 revenue. Sources: 10-K for fiscal 2025 (filed Feb 11, 2026) and 10-Q for the quarter ended Jun 30, 2026 (filed Jul 31, 2026).
Source: 10-K FY2025, filed Feb 11, 2026
How it makes money
By segment, FY2025
- LineAmountSharevs FY2024
- Communications Solutions$12.1B52%+90.6%
- Harsh Environment Solutions$5.9B25%+33.1%
- Interconnect and Sensor Systems$5.2B22%+15.1%
Source: 10-K FY2025, XBRL breakdown
By segment in FY2025: Communications Solutions (52%), Harsh Environment Solutions (25%) and Interconnect and Sensor Systems (22%), as shares of the segment total. Total revenue was $23.1B.
Source: 10-K FY2025
By region, FY2025
Share is of the FY2025 total; the last column is the change from FY2024.
Learn more: Revenue vs. net income · Gross, operating and net margin
What changed last quarter
Comparing Q2 2026 (Apr to Jun 2026) compared with Q2 2025 (Apr to Jun 2025)
Each pair of bars shows the dollar amount for both quarters. Longer bar, more money. Bars in a group share one scale.
Q2 2026Q2 2025
Company
Source: Amphenol 10-Q for the quarter ended Jun 30, 2026, filed Jul 31, 2026
By segment
Source: Amphenol 10-Q for the quarter ended Jun 30, 2026, filed Jul 31, 2026
The bull case and the bear case
The bull case
- Revenue rose 51.7% in FY2025 to $23.1B, from $15.2B a year earlier. 10-K, FY2025
- Net income rose 76.2% in FY2025 to $4.3B, from $2.4B. 10-K, FY2025
- Operating cash flow rose 91.0% in FY2025 to $5.4B. 10-K, FY2025
- Revenue in the quarter ended Jun 30, 2026 was $8.8B, up 55.0% on a year earlier. 10-Q, quarter ended Jun 30, 2026
The bear case
- Diluted shares rose 1.1% in FY2025, which spreads profit across more shares. 10-K, FY2025
- Total debt rose 125.1% in FY2025 to $15.5B. 10-K, FY2025
- The company's own risk factors are in Item 1A of its 10-K. Risks common in this industry include competition; customer demand; security and privacy. 10-K, Item 1A
What optimists and skeptics tend to point to, each tied to a filing. Ticker Sage doesn't pick a side, and neither list is a reason to buy or sell.
What the company does
Amphenol is in the electronic components industry, part of the information technology sector. The SEC files it under Electronic Connectors.
Amphenol reports 3 segments: Communications Solutions, Harsh Environment Solutions and Interconnect and Sensor Systems.
Its fiscal year ends in December; the latest, FY2025, ended Dec 31, 2025.
Source: 10-K, Item 1 Business
Risks common in this industry
These are general risks for companies in the electronic components industry. They are not a summary of Amphenol’s own risk factors; for those, read Item 1A of its latest 10-K, linked below.
- CompetitionTechnology markets move fast, and rivals large and small can change prices or products.
- Customer demandSpending by customers on technology rises and falls with their budgets and the economy.
- Security and privacyCyberattacks, outages and data-privacy rules can raise costs or harm customer trust.
- Supply and tradeReliance on suppliers and exposure to tariffs or export rules can limit what it can sell or build.
- Intellectual propertyPatent claims and licensing disputes can lead to costs or limits on products.
Source: 10-K, Item 1A Risk Factors (the company's own list, in the company's words)
Three years of key numbers
Every number links to its filing; hover for the XBRL tag. A dash means the number isn't cleanly available, and we don't estimate it.
| US$ | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $12.6B | $15.2B | $23.1B |
| Net income | $1.9B | $2.4B | $4.3B |
| Operating cash flow | $2.5B | $2.8B | $5.4B |
| Cash & equivalents (year end) | $1.5B | $3.3B | $11.1B |
| Total debt (year end) | $4.3B | $6.9B | $15.5B |
| Diluted shares | 1.24B | 1.26B | 1.28B |
- Revenue: Total revenue for the fiscal year, as the company reports it on its income statement.
- Net income: Net income attributable to the company's shareholders, after all costs, interest and taxes.
- Operating cash flow: Cash the business brought in from its day-to-day operations during the year (cash flow statement).
- Cash & equivalents: Cash and short-term investments that count as cash equivalents on the balance sheet. Excludes longer-dated marketable securities.
- Total debt: The current part of long-term debt and lease obligations plus long-term debt, at carrying value.
- Diluted shares: Weighted average shares outstanding for the year, including the effect of options and stock awards.
Learn more: How to read an income statement · Earnings per share, basic and diluted · Free cash flow · How to read a balance sheet · Growth rate calculator · P/E calculator
About these numbers
- Segment figures are shown before eliminations and other items, so shares are of the segment total rather than of consolidated revenue.
Recent filings
| Form | Filed | Period |
|---|---|---|
| 10-Q | Jul 31, 2026 | Jun 30, 2026 |
| 10-Q | May 1, 2026 | Mar 31, 2026 |
| DEF 14A | Apr 8, 2026 | May 21, 2026 |
| 10-K | Feb 11, 2026 | Dec 31, 2025 |
Learn more: 10-K vs. 10-Q vs. 8-K · Form 4 insider filings · Fiscal years and quarters
Common questions about Amphenol
How does Amphenol make money?
In fiscal 2025, revenue totaled $23.1B. By segment in FY2025: Communications Solutions (52%), Harsh Environment Solutions (25%) and Interconnect and Sensor Systems (22%), as shares of the segment total. Total revenue was $23.1B. Source: 10-K for fiscal 2025, filed Feb 11, 2026.
What was Amphenol's revenue in fiscal 2025?
Revenue came to $23.1B in the year ended Dec 31, 2025. Going back two years, it was $12.6B in fiscal 2023 and $15.2B in fiscal 2024, so the latest year was up 51.7%. Source: 10-K for fiscal 2025, filed Feb 11, 2026.
Is Amphenol profitable?
Yes, by US accounting rules (GAAP): net income was $4.3B in fiscal 2025, up 76.2% from $2.4B a year earlier. For the quarter ended Jun 30, 2026, net income was $1.8B. The page's About these numbers section explains what is included. Source: 10-K for fiscal 2025, filed Feb 11, 2026.
What did Amphenol report in its latest quarterly filing?
The 10-Q for the quarter ended Jun 30, 2026 shows revenue of $8.8B, against $5.7B in the same quarter a year before (up 55.0%), and net income of $1.8B, against $1.1B (up 62.1%). Source: 10-Q for the quarter ended Jun 30, 2026, filed Jul 31, 2026.
How much cash and debt does Amphenol have?
On Jun 30, 2026, cash and cash equivalents stood at $4.7B and total debt at $18.8B. Total debt here is the current part of long-term debt and lease obligations plus long-term debt, at carrying value. Source: 10-Q filed Jul 31, 2026.
What are the main risks Amphenol faces?
Amphenol's own risk factors are in Item 1A of its 10-K for fiscal 2025, filed Feb 11, 2026. Risks that are common among companies in the electronic components industry include Competition; customer demand; security and privacy; supply and trade; intellectual property. The first: Technology markets move fast, and rivals large and small can change prices or products. Source: 10-K, Item 1A Risk Factors.
Where do these Amphenol numbers come from?
Two filings Amphenol made with the SEC: its fiscal 2025 10-K, filed Feb 11, 2026, and its 10-Q for the quarter ended Jun 30, 2026, filed Jul 31, 2026. The figures are taken from the XBRL data the SEC publishes, and every one links back to its source. Methodology explains how fiscal years and missing numbers are handled.
Disclosures
- Editor holdings in APH
- The editor holds no position in Amphenol (APH). As of Oct 25, 2026.
- Trading rule
- The editor does not buy or sell APH from 3 days before to 3 days after this page is published or substantively updated.
- Compensation
- Nobody paid for this page. No affiliate links on this page.
- Sources
- The company's SEC filings, linked next to each number or, for charts, in the source line under them.
- Last updated
- Oct 27, 2026
General education, the same for every reader. Not a recommendation to buy, sell or hold APH, and it doesn't consider your situation.
Compare with peers
| Company | Fiscal year | Revenue | Revenue growth | Net income |
|---|---|---|---|---|
| AmphenolAPH | FY2025 | $23.1B | +51.7% | $4.3B |
| NvidiaNVDA | FY2026 | $215.9B | +65.5% | $120.1B |
Each row is that company’s latest fiscal year from its own 10-K, using its own revenue and net income lines. Fiscal years end in different months, and line definitions differ (banks, insurers and oil companies count revenue differently), so this is a rough side-by-side, not a like-for-like comparison.
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New to filings? Learn has plain-English explainers and Tools has calculators. Methodology & Disclosures covers where every number comes from.