Quarterly ResultMay 1, 2026, 04:15 PM
Amphenol Q1 Net Sales +58.4% to $7.62B; CommScope Acquisition Closed
AI Summary
Amphenol reported strong Q1 2026 financial results, with net sales increasing significantly to $7.62 billion and net income rising to $933.0 million, primarily driven by the acquisition of CommScope's Connectivity and Cable Solutions Business. The company funded this $10.59 billion acquisition through new delayed draw term loans and senior notes. However, the effective tax rate saw a substantial increase to 42.7% due to $290.0 million in accruals related to China tax inquiries and reassessments.
Key Highlights
- Completed the acquisition of CommScope's Connectivity and Cable Solutions Business for $10.59 billion.
- Net sales increased 58.4% to $7,620.1 million in Q1 2026 from $4,811.0 million in Q1 2025.
- Net income attributable to Amphenol Corporation rose 26.5% to $933.0 million from $737.8 million YoY.
- Diluted EPS grew 24.1% to $0.72 in Q1 2026 from $0.58 in Q1 2025.
- Net cash provided by operating activities increased to $1,121.5 million from $764.9 million YoY.
- Issued $3,645.1 million in senior notes and long-term debt to fund the acquisition.
- Repaid $350.0 million of 4.750% Senior Notes due March 2026 upon maturity.
- Effective tax rate increased to 42.7% from 22.7% due to $290.0 million in China tax accruals.