APH
Amphenol Corporation

Amphenol CorporationAPH

Technology · Electronic Components
82.84USD
+2.63%
Sep 23, 2026
APH overview ready
Diversified High-Performance Interconnect Supplier Powering AI Fabric Networking
Diversified high-performance interconnect component supplier to AI and cloud infrastructure, with direct exposure through high-speed electrical, fiber-optic, cable, and power interconnect products.
Strong narrative exposure
Exposed to the AI Compute Infrastructure Buildout narrative through AI Fabric Networking and Optical Interconnect — component supplier.
Advancing price action
Longer-term context reads mature trend, with a near-term setup of daily advance.
Fair valuation
The price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Exposure to cyclical capital spending in technology and industrial markets.
Market Sep 22Filing Jun 30Price action Sep 22Research Aug 28

Conviction Level

NarrativeHeat9.5ThemeHeat9.1PriceAction7.4Valuation3.5CompanyPosition7.3
Price
Loading price history…

Price Action

Advancing price action
Longer-term context reads mature trend, with a near-term setup of daily advance.
EntryReset + recovery

The stock remains extended from its long-term weekly base, but the recent reset toward the daily SMA100 aligned with support at the weekly EMA21. Daily structure is recovering above the fast averages, improving the current entry location.

Key Financials

Market Cap
$102.1B
Avg Volume (60D)
12.7M
60 sessions
Revenue Growth YoY
+51.7%
FY2025 vs FY2024
Gross Margin
+38.5%
Trailing twelve months
Operating Margin
+27.0%
Trailing twelve months
Free Cash Flow Yield
+4.6%
Distance from 200DMA
+12.9%
Next Earnings
2026-10-28
P/E
19.9x
EV / EBITDA
12.6x
EV / Sales
4.0x
Market metrics as of Sep 22, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Fundamentals & Valuation

Two of the three valuation perspectives say cheap; own history is the dissenting view. The published stance is held at fair because share count compounding at 20% a year — dilution is taxing holders.
Amphenol Corporation has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.

Company Research

Thesis
Diversified high-performance interconnect component supplier to AI and cloud infrastructure, with direct exposure through high-speed electrical, fiber-optic, cable, and power interconnect products.
Opportunity
Moderate opportunity
Accelerator-cluster and cloud-capacity expansion drives spending on high-bandwidth optical and electrical connectivity, signal integrity, and rack-to-rack or intra-system interconnect needed to scale AI fabrics.
Key risk
Exposure to cyclical capital spending in technology and industrial markets.

Narrative & Theme

AI Compute Infrastructure Buildout
Part of AI Fabric Networking and Optical Interconnect, with moderate fit.
APH has a real, direct AI-infrastructure linkage rather than generic technology adjacency: its IT datacom business supplies high-speed, fiber-optic, cable, and power interconnect products used in AI-enabled servers, networking equipment, cloud systems, and data centers.
Narrative HeatHot9.5 / 10
Theme HeatHot9.1 / 10

Business & Markets

Technology · Electronic Components
What they do

Amphenol Corporation designs, manufactures, and markets electrical, electronic, and fiber optic connectors globally through its subsidiaries, operating across three segments: Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems.

How it earns

The company generates revenue primarily through transactional sales of connectors and related interconnect products to various industries.

Products & services
Electrical connectors
Fiber optic connectors
High speed connectors
Radio frequency connectors
Power connectors
Busbars and power distribution systems
Liquid cooling-adjacent connectors and assemblies
Customers & end markets
Communications industry
Industrial and harsh environment sectors
Data centers
Market position

Amphenol is a leading global manufacturer in the electronic connectors and interconnect systems market.

Demand drivers
Medium cyclicality

Demand is influenced by capital spending cycles in technology, industrial, and communications sectors.