New York, Jan 28, 2026, 18:49 EST — After-hours
Amphenol Corp shares dropped roughly 12% on Wednesday, slipping to $145.99 in after-hours trading. Investors dumped the connector maker’s stock despite the company reporting a record quarter along with an optimistic forecast.
The decline followed a session where the stock ended at $166.25 and briefly touched $167.04, squeezing any chance for a “good” report to boost the price. Yahoo Finance
The question partly boils down to what qualifies as growth these days. Some of Amphenol’s sales surge comes from acquired businesses, prompting investors to dig into what the company labels “organic” growth — that is, growth excluding acquisitions and currency effects — to gauge the true momentum. Barron’s
Amphenol reported fourth-quarter sales of $6.4 billion, marking a 49% increase from the same period last year. Organic sales climbed 37%. The company posted adjusted diluted EPS of $0.97, while GAAP diluted EPS came in at $0.93.
Amphenol topped expectations on the Street. Adjusted EPS hit $0.97, beating the $0.92 consensus, while revenue reached $6.4 billion, surpassing the $6.15 billion forecast, per Investing.com.
GAAP net income climbed to $1.195 billion, or $0.93 per share, up from $746.2 million, or $0.59 per share, in the same period last year, RTTNews reported.
Amphenol’s guidance outpaced analyst expectations but came with caveats. The company projected first-quarter sales between $6.90 billion and $7.00 billion, factoring in roughly $900 million from CommScope’s Connectivity and Cable Solutions segment. CEO R. Adam Norwitt highlighted that the firm “closed 2025 with record” sales and adjusted EPS. Amphenol Investors
During the earnings call, management emphasized strong demand from data centers. The company reported a record $8.4 billion in orders for the quarter, attributing the surge “primarily” to data center demand driven by artificial intelligence investment plans at major customers. Investing.com Australia
Amphenol produces connectors, antennas, and high-speed cables serving industrial, automotive, defense, and data-communications sectors. It runs its operations through three business segments, according to Reuters data.
Risk remains a factor. In its recent filing, Amphenol warned that forward-looking statements carry risks and uncertainties, such as fluctuations in demand across end markets and difficulties with acquisition integration.
Investors will be eyeing Thursday’s session closely for the initial analyst responses and to see if the selling pressure eases. The key milestone ahead is the first-quarter earnings report for the period ending March 31, which should provide clearer insight into organic demand and how well CCS is being integrated into the financials.
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