Source

https://investors.amphenol.com/news-and-events/news-details/2026/Amphenol-Reports-Record-Third-Quarter-2026-Results-and-Announces-Dividend-Increase-and-New-Stock-Repurchase-Program/default.aspx

Amphenol's business $APH (+4,95%) Amphenol is running at full speed in the third quarter of 2026 and delivering record results that exceed expectations. Driven by very strong demand in the IT and datacom market as well as successful acquisitions, revenue climbed to over $10 billion. Despite challenging market conditions, operating profitability remains at a top level, while we, as co-owners, benefit directly from this success through a substantial dividend increase and a massive new share buyback program.

​📊 THE HARD FACTS (Figures & Key Metrics)

​Revenue: $10.23 billion (+65% YoY, +37% organic)

Net Income: $2,034.3 million

​Earnings Per Share (EPS): $0.79 (+61% YoY)

Operating Margin / EBITDA: 29.5%

Free Cash Flow: $1.62 billion

​Outlook (Guidance):

Q4 2026: Revenue of $10.3 to $10.5 billion (Adj. EPS: $0.81 to $0.83)

Full Year 2026: Revenue of $36.9 to $37.1 billion (Adj. EPS: $2.82 to $2.84)

​🎯 CONTEXT & HIGHLIGHTS (What Really Matters)

​Segment Performance: The Communications Solutions division literally exploded, with revenue growth of 99% to $6.58 billion, fueled massively by the unstoppable AI and data center revolution.

​Strategic Milestones: Successful completion of the acquisition of Empire Electronics, as well as signed agreements for three additional acquisitions (AdvancedPCB, Dexgreen, Humanetics Sensors) with a total value of approximately $1.6 billion.

​Macro & Tailwinds/Headwinds: The global demand for electronics and high-speed connectivity technology provides a tremendous tailwind. On the downside, there were isolated one-time tax effects and audits abroad, which were, however, more than offset by operational performance.

​Capital Allocation: Management is allowing us shareholders to benefit significantly from cash flow: The quarterly dividend was raised by 20% to $0.15, and a new, three-year share repurchase program worth $4 billion was approved.

​🔍 OUTLOOK & RISKS (Looking Ahead)

​The Opportunity: The structural acceleration of global digitalization, cloud infrastructure, and AI infrastructure provides a fantastic foundation for long-term growth. The rapid integration of acquisitions promises additional earnings upside.

​The Risk: Geopolitical tensions, potential trade restrictions, tariffs, and international tax and regulatory risks continue to require vigilant management.

​💡 SHAREHOLDER CONCLUSION

​An impressive, standout quarter that strikingly demonstrates Amphenol’s absolute world-class position and superior operational strength in the future-oriented market of interconnect technology.

Just so no one is surprised: $APH (+4,95%) is carrying out a 2-for-1 stock split. Shareholders who held shares as of August 17 will receive one additional share for each share they own. Trading adjusted for the split will begin on September 3.

On July 1, the second rebalancing of my Wikifolio took place—a rule-based portfolio with 30 equally weighted positions that has been running since March 13. Nine positions out, nine in. I had expected this to shift the structure. When I checked the numbers, almost everything was the same as before.

A quick note on how it works

A Python scanner evaluates approximately 845 stocks from 14 indices daily based on six factors. Those that make it into the top 25 are purchased. Those that fall below rank 40 are removed. Quarterly adjustments, no sector allocation, no discretion.

What was dropped:

• 4 tech stocks: Applied Materials $AMAT (+5,41%) (+92%), KLA-Tencor $KLAC (+7,52%) (+90%), Broadcom $AVGO (+1,41%) , Amphenol $APH (+4,95%). Not because of earnings, but because the valuation could no longer keep up with the share price and the stock’s ranking plummeted.

• 5x Finance: ING $ING (-1,37%), Jyske Bank $JYSK (-0,17%), Unicaja $UNI (+0,4%), Baader Bank $BWB (+0,44%), Nu Holdings $NU (+3,65%).

New additions:

• ASML $ASML (+5,23%), Alphabet $GOOG (+2,43%), SanDisk $SNDK (+2,03%), Investor AB $INVE B (-2,61%), BBVA $BBVA (-1,01%), UniCredit $UCG (+1,02%), Monte dei Paschi $BMPS (+0,15%), Banca Mediolanum $BMED (-0,22%), Swedbank $SWED A (-1,85%).

The interesting part

Micron $MU (+4,29%) stayed in the portfolio, up over 100 percent. The score held, and the ranking remained higher. A system that sells based on profit would have kicked Micron out first. The model treated these three big winners completely differently because it doesn’t know the purchase price at all.

And on the other hand:

SanDisk $SNDK (+2,03%) was added that same evening, at 1,820 euros. The stock had already been on the buy list in April but wasn’t tradable at the time. Today, the position is down about 50 percent. The timing could hardly have been worse.

The sector breakdown before and after

Technology fell from 30 to 23.3 percent, financials rose from 36.7 to 40. Materials remained at 16.7.

A factor model does not distinguish between sectors. It sorts by score, and stocks in the same sector often receive similar scores because they are influenced by the same drivers. If one falls below rank 40, there is a high probability that another from the same sector is ready to take its place in the top 25. The model captures gains and returns to the same sector, just with different names.

My Conclusion

One quarter doesn’t prove anything. I don’t have a sector cap in the model because my backtest doesn’t have one either.

Next rebalancing: October 1.

Who among you uses a rule-based approach and has a sector cap in place?

I’m curious to know what percentage cap you use.

$APH (+4,95%)

Source

https://investors.amphenol.com/news-and-events/news-details/2026/Amphenol-Reports-Record-Second-Quarter-2026-Results/default.aspx

$APH (+4,95%) 🚀

Amphenol reported its second-quarter results today, with the ongoing AI and data center boom far exceeding expectations.

📊 Key Financial Metrics (Q2 2026)Revenue: $8.8 billion (+55% year-over-year / +30% organic)EPS (adjusted): $1.35 (+67% year-over-year)Order Intake: $10.7 billion (extremely strong book-to-bill ratio of 1.23:1) Operating Margin: 29.8% (adjusted) Free Cash Flow: $1.2 billion

🔮 Strong outlook for Q3 2026 Revenue forecast: $9.3 billion to $9.4 billion (+50% to +52% year-over-year) EPS Forecast: $1.40 to $1.42 (+51% to +53% year-over-year)

💡 Drivers & Strategy: AI Boom: Tech giants are investing heavily in AI infrastructure and data communications.

Acquisitions: The acquisitions of El.Com and Wilder Technologies have been finalized.

🎧 Investor Conference Call (Today)Time: Today at 7:00 p.m. German time

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Hi everyone,

I'd be interested to know which stocks are currently at the top of your watchlists. I'll start:

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$APH (+4,95%)

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$HWM (+3,37%)

$SIKA (-0,02%)

$8001 (-2,66%) Additional purchase

$CAMX (+2,2%) Buy more