Filing Flows › Amphenol (APH) › Q1 2026
Amphenol (APH) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 1, 2026
Amphenol (APH) reported revenue of $7.6B for the first quarter 2026 (Q1 2026), +58% from a year earlier and +18% from the quarter before. Operating margin was 24.0%, net earnings $933M (12.2% of revenue).
Amphenol, Q1 2026: revenue $7.6B (+58% year over year), operating margin 24.0%, net earnings $933M, operating cash flow $1.1B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.6B | +18% | +58% |
| Gross profit | $2.8B | +14% | +70% |
| Operating profit | $1.8B | +6% | +79% |
| Net earnings | $933M | -22% | +26% |
| Operating cash flow | $1.1B | -35% | +47% |
| Free cash flow | $830M | -43% | +44% |
What changed
Revenue was $7.6B in Q1 2026, up 58% year over year and up 18% from the previous quarter. Communications Solutions was the largest line at 60% of revenue. Communications Solutions added $2.1B year over year (up 88%), 76% of the total change.
Gross margin was 36.7%, up 2.6 points from Q1 2025. Operating profit was $1.8B, a 24.0% margin (up 2.7 points year over year). Of the extra revenue versus Q1 2025, 29% reached operating profit, above the 21% margin then. Operating expenses grew 56% against revenue growth of 58%. The fastest-growing cost line was Other operating costs (+166%). Net earnings were $0.93B, up 26% year over year. The effective tax rate was 42.7%.
Operating cash flow was $1.1B (up 47% year over year), 119% of net earnings. Non-cash charges added back $0.49B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items used $0.34B. Capital expenditures of $0.29B left free cash flow of $0.83B.
Questions
What was Amphenol's revenue in the first quarter 2026?
Amphenol (APH) reported revenue of $7.6B for the first quarter 2026 (Q1 2026), +58% from a year earlier and +18% from the quarter before.
Was Amphenol profitable in the first quarter 2026?
Operating profit was $1.8B (24.0% of revenue) and net earnings $933M.
Source: Amphenol 10-Q on SEC EDGAR.