The Zhitong Finance App learned that Amphenol (APH.US) released the results for the third quarter of 2026 in advance of the US stock market on Wednesday. Net sales in Q3 were US$10.230 billion, up 65% year over year, higher than the market's agreed expectations of US$9.465 billion; organic growth was 37%, and the constant exchange rate was consistent with that of the US dollar. Adjusted diluted earnings of $0.80 per share were up 74% year over year, higher than the agreed estimate of $0.72; GAAP diluted earnings of $0.79 per share, up 61% year over year. The company claims that both sales and adjusted earnings per share exceeded the upper limit of the previous guidance (the adjusted earnings per share guide was $0.70 to $0.71).
The Communications Solutions Division had sales of $6.583 billion, up 99% year over year, with 48 percentage points from mergers and acquisitions and organic growth of 51%. The company said the IT digital communication market continued “unusually strong” organic growth; harsh environment solutions of US$2,042 billion, an increase of 35% (organic 29%); and interconnect and sensor systems of US$1,605 million, an increase of 17% (organic 11%). The adjusted operating margin was 29.7%, and the total operating margin for the division was 29.5%, and 27.5% for the same period last year. The quarter's orders set a record, with an order shipment ratio of 1. 19:1.
In terms of guidance, the company expects fourth-quarter sales of $10.3 billion to $10.5 billion, and adjusted earnings of $0.81 to $0.83 per share, which is higher than IBES's agreed expectations of $9.768 billion and $0.75; full-year sales guidance is $36.9 billion to $37.1 billion, and adjusted earnings per share of $2.82 to $2.84 billion. The guidelines do not include three uncompleted acquisitions of AdvancedPCB, Dexgreen, and Humanetics Sensors. The company also raised the annual sales contribution forecast for the CommScope business from $4.6 billion to $5.1 billion, and the contribution to adjusted earnings per share from $0.15 to $0.18.
In terms of shareholder returns, the quarterly dividend was raised 20% from $0.125 to $0.15, to be paid on January 13, 2027; the board of directors approved a three-year $4 billion repurchase plan effective January 1, 2027 to replace the $2 billion plan to be used up by the end of the year. 3 million shares were repurchased in the third quarter, costing US$245 million.