Amphenol reported record first-quarter 2026 sales of $7.6 billion, up 58% from a year earlier, with organic growth of 33%. Orders reached a record $9.4 billion, producing a book-to-bill ratio of 1.24 to 1.
Diluted earnings per share rose to $0.72 on a GAAP basis, up 24% from the prior-year quarter. Adjusted diluted EPS climbed to $1.06, a 68% increase.
Operating performance strengthened as well. GAAP operating margin was 24.0%, while adjusted operating margin came in at 27.3%. Operating cash flow totaled $1.1 billion, and free cash flow was $831 million.
The company said it completed the acquisition of CommScope’s CCS business during the quarter.
Amphenol returned nearly $485 million to shareholders in the period, including $178 million used to repurchase 1.3 million shares and $307 million paid in dividends.
For the second quarter, Amphenol projected sales of $8.1 billion to $8.2 billion, implying growth of 43% to 45% from the same quarter a year earlier. It forecast adjusted diluted EPS of $1.14 to $1.16, up 41% to 43% year over year. The market has reacted to these announcements by moving the company's shares -0.31% to a price of $149.71. For more information, read the company's full 8-K submission here.
