New York, January 12, 2026, 19:50 EST — Trading after hours.
- Amphenol shares climbed roughly 3.5%, settling at $145.11 following an intraday peak of $147.25
- The company completed its cash acquisition of CommScope’s Connectivity and Cable Solutions business
- Barclays raised its rating and target price, with investors eyeing the January 28 results for the first signs of integration progress
Amphenol Corp shares stayed steady in after-hours Monday following the completion of its $10.5 billion cash deal to acquire CommScope’s Connectivity and Cable Solutions business. Wall Street views the move as a straightforward bet on data-center and network expansion. A regulatory filing noted Amphenol will release financials for the acquired unit and pro forma numbers in a forthcoming amendment.
The timing is crucial as Amphenol aims to secure scale while customers ramp up spending on faster, denser connectivity within data centers. This acquisition also expands its presence in fiber and high-speed cabling, sectors where long lead times and rigorous qualification processes tend to create loyal customers.
Investors are keeping a close eye on the numbers. Large acquisitions might boost revenue fast but can still fall short if integration expenses, price cuts, or weaker demand eat into margins.
Amphenol expects the CCS business to pull in roughly $4.1 billion in sales by 2026 and boost diluted EPS by about 15 cents that year — a clear positive, excluding acquisition costs. CEO R. Adam Norwitt highlighted the deal’s strategic value, noting it “adds significant fiber optic interconnect capabilities for the IT datacom and communications networks markets.” (Amphenol Investor Relations)
Barclays bumped Amphenol up to Overweight from Equal Weight, raising its price target to $156 from $143. The firm cited “strong tailwinds” from data-center AI architecture content and noted the CCS acquisition is performing better than expected. (Overweight means Barclays expects the stock to outperform its peers.) (TipRanks)
The CCS assets expand Amphenol’s reach into communications networks and building infrastructure connectivity, areas that typically follow multi-year upgrade cycles instead of the faster, quarter-to-quarter pace of gadget demand.
This move thrusts Amphenol into closer rivalry with major connector and interconnect players like TE Connectivity, upping the pressure on its execution as it integrates a significantly bigger operation.
But the risk is well-known: integration often takes longer than expected, and the expense of syncing factories, systems, and sales forces can erode short-term profits. If customers pull back on orders — particularly in data-center projects that fluctuate with budget cycles — the anticipated boost to earnings might not materialize as easily.
Traders will also watch for further details related to the deal, such as the pro forma financials Amphenol highlighted in its filing, to assess leverage, margins, and the run-rate outlook of the acquired business.
Amphenol’s fourth-quarter 2025 earnings report is due Jan. 28, marking a key moment for investors. The company is expected to provide a sharper outlook for 2026 and reveal initial integration milestones for CCS. (Amphenol Investor Relations)
