Amphenol Corporation (NYSE: APH) has reported record fourth quarter and full year 2025 results. The company saw a significant increase in sales, with fourth quarter sales reaching $6.4 billion, up 49% in U.S. dollars and 37% organically compared to the same period in 2024. Full year sales were also impressive, reaching $23.1 billion, marking a 52% increase in U.S. dollars and a 38% organic growth compared to 2024.
In terms of earnings per share (EPS), the company reported a GAAP diluted EPS of $0.93 for the fourth quarter, up 58% compared to the previous year. Adjusted diluted EPS for the quarter stood at $0.97, marking a significant 76% increase from the prior year. For the full year, GAAP diluted EPS was $3.34, up 74% from the previous year, while adjusted diluted EPS also saw a substantial increase of 77% compared to the prior year.
Amphenol's operating margin for the fourth quarter was reported at 26.8% on a GAAP basis and 27.5% on an adjusted basis. For the full year, the company achieved a GAAP operating margin of 25.4% and an adjusted operating margin of 26.2%.
The company also demonstrated strong cash flow performance, reporting operating and free cash flows of $1.7 billion and $1.5 billion, respectively, for the fourth quarter. For the full year, the operating and free cash flows reached $5.4 billion and $4.4 billion, respectively.
Amphenol completed five acquisitions during 2025, including the trexon acquisition in November. Additionally, the company signed an agreement to acquire commscope’s ccs business, which was closed in January 2026. The acquisition of the ccs business is expected to contribute approximately $0.15 to Amphenol’s 2026 adjusted diluted EPS.
Looking ahead, 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. The adjusted diluted EPS for the first quarter is expected to be in the range of $0.91 to $0.93, reflecting a 44% to 48% increase from the first quarter of 2025.
Amphenol President and CEO, R. Adam Norwitt, expressed confidence in the company's performance, citing the acceleration of the electronics revolution and the company's expanded range of high-technology interconnect products as key drivers of sustained financial strength.
The company has also returned nearly $1.5 billion to shareholders in 2025 through share repurchases and dividends. Amphenol remains committed to expanding its growth opportunities through technology development, market diversification, and an active acquisition program.
For more details, the company will host a conference call to discuss its results on January 28, 2026. Today the company's shares have moved 0.11% to a price of $154.39. For more information, read the company's full 8-K submission here.
