New York, Jan 30, 2026, 20:53 EST — Market closed.
- Amphenol (NYSE: APH) slid 3.68% Friday, ending the day at $144.08 and extending its losing streak for the week
- Shares have fallen roughly 13.75% from their 52-week high on Jan. 27 following a steep drop after earnings
- Attention turns to Q1 demand indicators and how CommScope’s CCS unit is integrating, with April earnings looming
Amphenol (NYSE: APH) dropped 3.68% on Friday, closing at $144.08, underperforming both the broader market and key industrial-technology rivals. The S&P 500 slipped 0.43%, while the Dow Jones Industrial Average lost 0.36%. TE Connectivity fell 1.54%, and Eaton was down 0.83%. Trading volume surged to around 12 million shares. The stock ended the day about 13.75% below its 52-week high set on Jan. 27. (MarketWatch)
Markets are closed for the weekend, but when trading resumes on Feb. 2, investors will still be sorting through how to weigh APH’s latest earnings. Amphenol posted record results and forecasted a sharp rise in first-quarter sales, yet the stock hasn’t managed to sustain its gains.
That’s key because Amphenol’s stock has long been valued as a reliable player in data-center and communications gear—sectors where demand hinges on just a few big customer budgets. After a sharp midweek shift, the share price is still settling. Traders will be watching closely to see if buyers return or hold back.
The stock fell 12.20% on Jan. 28, bounced back 2.48% the next day, then dipped again on Jan. 30, ending up about 13% lower than its Jan. 27 close, according to Investing data. Friday’s volume was around 11.5 million shares, a sharp drop from the 37.8 million traded on earnings day.
Amphenol reported a 49% jump in fourth-quarter sales to $6.4 billion in U.S. dollars, with organic growth—excluding currency effects and acquisitions—at 37%. Adjusted diluted EPS rose to $0.97. Looking ahead to Q1, the company projects sales between $6.90 billion and $7.00 billion, with adjusted EPS in the range of $0.91 to $0.93. This outlook factors in roughly $900 million in revenue and $0.02 of EPS accretion from its recent CommScope Connectivity and Cable Solutions acquisition. Amphenol expects CCS to deliver about $4.1 billion in sales by 2026 and add around $0.15 to adjusted EPS. CEO R. Adam Norwitt noted the results “significantly exceeded the high end of our guidance.” The company also wrapped up the Trexon deal and disclosed a $100 million tax accrual linked to notices at some Chinese subsidiaries, with potential liabilities possibly reaching $300 million. (Amphenol Investors)
“Adjusted” earnings exclude certain items management considers outside core operations, like acquisition-related expenses. This week’s market response hints investors are questioning if the growth rate is topping out, especially as the company compares against a strong IT datacom performance last year.
During the earnings call, CFO Craig Lampo reported a record $8.431 billion in fourth-quarter orders, pushing the book-to-bill ratio to about 1.1 — meaning orders outpaced sales. Norwitt highlighted that these orders were “driven primarily by data center demand,” linked to AI investments from several large clients. He added the company felt “more encouraged than ever” about its standing in the IT datacom market. (Investing)
That order strength could quickly turn into noise if customers pull demand forward and then hit pause. Any stumbles in integrating the CCS business, or a wider shift away from high-multiple “AI supply chain” plays, might weigh on the stock despite solid revenue growth.
Looking ahead to next week, investors will zero in on whether the first-quarter guidance reflects genuine demand or just acquisition-driven numbers, particularly in data-center power and high-speed interconnects. Broker notes on valuation, margins, and CCS integration will likely shape Monday’s trading session.
The next major milestone comes with the first-quarter report, due April 29, 2026, according to Investing.com. Between now and then, the stock’s trajectory will probably depend on whether order momentum persists and how fast investors adjust to the updated run-rate factoring in CCS. (Investing)
