01/28/2026 | Press release | Distributed by Public on 01/28/2026 08:25
Exhibit 99.1
|
Amphenol |
News Release |
World Headquarters
358 Hall Avenue
Wallingford, CT 06492
Telephone (203) 265-8900
AMPHENOL REPORTS RECORD FOURTH QUARTER
AND FULL YEAR 2025 RESULTS
Fourth Quarter 2025 Highlights:
| ● | Sales of $6.4 billion, up 49% in U.S. dollars and 37% organically compared to the fourth quarter of 2024 |
| ● | GAAP Diluted EPS of $0.93, up 58% compared to prior year |
| ● | Adjusted Diluted EPS of $0.97, up 76% compared to prior year |
| ● | GAAP and Adjusted Operating Margin of 26.8% and 27.5%, respectively |
| ● | Operating and Free Cash Flow of $1.7 billion and $1.5 billion, respectively |
| ● | Completed Trexon acquisition |
Full Year 2025 Highlights:
| ● | Sales of $23.1 billion, up 52% in U.S. dollars and 38% organically compared to the full year 2024 |
| ● | GAAP Diluted EPS of $3.34, up 74% compared to prior year |
| ● | Adjusted Diluted EPS of $3.34, up 77% compared to prior year |
| ● | GAAP and Adjusted Operating Margin of 25.4% and 26.2%, respectively |
| ● | Operating and Free Cash Flow of $5.4 billion and $4.4 billion, respectively |
| ● | Completed five acquisitions |
| ● | Signed agreement to acquire CommScope's CCS business, and closed on the acquisition in January 2026 |
| ● | Returned nearly $1.5 billion to shareholders |
Wallingford, Connecticut, January 28, 2026. Amphenol Corporation (NYSE: APH) today reported record fourth quarter and full year 2025 results.
"We are pleased to have closed 2025 with record fourth quarter and full-year sales and Adjusted Diluted EPS, both significantly exceeding the high end of our guidance," said Amphenol President and Chief Executive Officer, R. Adam Norwitt. "Sales in the fourth quarter and for the full year increased from prior year by 49% and 52%, respectively, driven by strong organic growth in virtually all of our end markets, including exceptional organic growth in the IT datacom market, as well as contributions from the Company's acquisition program. For both the quarter and full year we once again realized excellent profitability with Adjusted Operating Margin reaching 27.5% and 26.2%, respectively. We are extremely proud of the Company's outstanding performance during the quarter and for the full year 2025."
Throughout 2025, the Company continued to deploy its financial strength in a variety of ways to increase shareholder value. During the fourth quarter, the Company purchased 1.3 million shares of its common stock for $171 million and paid dividends of $202 million, resulting in total capital returned to shareholders of nearly $1.5 billion in 2025.
Amphenol remains focused on expanding its growth opportunities through a deep commitment to developing enabling technologies for customers across its served end markets, an ongoing strategy of market and geographic diversification as well as an active and successful acquisition program. To that end, the Company completed five acquisitions during 2025, including the previously announced closing of the Trexon acquisition in November. In addition, on January 12, 2026, the Company announced the closing of its acquisition of CommScope's Connectivity and Cable Solutions (CCS) business. As previously disclosed, Amphenol expects the CCS business to generate full-year 2026 sales of approximately $4.1 billion and add approximately $0.15 to Amphenol's 2026 Adjusted Diluted EPS.
First Quarter 2026 Outlook
Assuming the continuation of current market conditions as well as constant exchange rates, for the first quarter of 2026, Amphenol expects sales to be in the range of $6.90 billion to $7.00 billion, representing a 43% to 45% increase over the prior year quarter. Adjusted Diluted EPS is expected to be in the range of $0.91 to $0.93, representing a 44% to 48% increase from the first quarter of 2025. This guidance includes approximately $900 million in sales and $0.02 in Adjusted Diluted EPS accretion from the CCS business.
Mr. Norwitt continued, "I am very pleased with the Company's strong finish to a very successful 2025. The revolution in electronics continues to accelerate, with new innovations creating exciting growth opportunities for Amphenol across each of our diversified end markets. In turn, we have expanded our range of high-technology interconnect products, both through our organic innovation efforts as well as through our successful acquisition program. This expanded technology position coupled with our unique entrepreneurial culture has strengthened our competitive advantage. Our ongoing drive to leverage that competitive advantage and thereby create sustained financial strength has established an excellent base for the Company's future performance. I am confident in the ability of our outstanding entrepreneurial management team to continue to dynamically adjust to changing market conditions, to capitalize on the wide array of growth opportunities that arise in all market cycles and to continue to generate sustainable long-term value for our shareholders and other stakeholders."
Conference Call and Webcast Details
The Company will host a conference call to discuss its fourth quarter and full-year results at 1:00 PM (EST) on Wednesday, January 28, 2026. The toll-free dial-in number is 1-833-470-1428 and the International toll number is +1-646-844-6383; Access code: 133698.
A live webcast as well as a replay of the call can be accessed through the Investor Relations section of the Company's website at https://investors.amphenol.com.
About Amphenol
Amphenol Corporation is one of the world's largest designers, manufacturers and marketers of electrical, electronic and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products and coaxial and high-speed specialty cable. Amphenol designs, manufactures and assembles its products at facilities in approximately 40 countries around the world and sells its products through its own global sales force, independent representatives and a global network of electronics distributors. Amphenol has a diversified presence as a leader in high-growth areas of the interconnect market including: Automotive, Commercial Aerospace, Communications Networks, Defense, Industrial, Information Technology and Data Communications and Mobile Devices. For more information, visit www.amphenol.com.
Non-GAAP Financial Measures
The financial statements included within this press release are prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP" or "U.S. GAAP"). This press release also contains certain non-GAAP financial measures, including Adjusted Operating Income, Adjusted Operating Margin, Adjusted Net Income attributable to Amphenol Corporation, Adjusted Effective Tax Rate, Adjusted Diluted EPS, Organic Net Sales Growth, and Free Cash Flow (collectively, "non-GAAP financial measures"), which are intended to supplement the reported GAAP results. Management utilizes these non-GAAP financial measures as part of its internal reviews for purposes of monitoring, evaluating and forecasting the Company's financial performance, communicating operating results to the Company's Board of Directors and assessing related employee compensation measures. Management believes that such non-GAAP financial measures may be helpful to investors in assessing the Company's overall financial performance, trends and period-over-period comparative results. Non-GAAP financial measures related to operating income, operating margin, net income attributable to Amphenol Corporation, effective tax rate and diluted EPS exclude income and expenses that are not directly related to the Company's operating performance during the periods presented. Items excluded in the presentation of these non-GAAP financial measures in any period may consist of, without limitation, acquisition-related expenses, refinancing-related costs, the excess tax benefits related to stock-based compensation and certain other discrete tax items including, but not limited to, (i) the impact of tax audits relating to prior periods and (ii) significant changes in tax law. Non-GAAP financial measures related to net sales exclude the impact related to foreign currency exchange and acquisitions. Reconciliations of non-GAAP financial measures to the most directly comparable GAAP financial measures are included at the end of this press release. However, such non-GAAP financial measures are included for supplemental purposes only and should not be considered in isolation or as a substitute for or superior to the related U.S. GAAP financial measures. In addition, these non-GAAP financial measures are not necessarily the same or comparable to similar measures presented by other companies as such measures may be calculated differently or may exclude different items. The non-GAAP financial measures are defined within the "Supplemental Financial Information" table at the end of this press release and should be read in conjunction with the Company's financial statements presented in accordance with U.S. GAAP.