Filing Flows › Amphenol (APH) › Q2 2026 › vs Q1 2026
Amphenol (APH) Q2 2026 vs Q1 2026 (quarter over quarter)
Amphenol's revenue rose $1.1B (+15%) from $7.6B in Q1 2026 to $8.8B in Q2 2026. The biggest changes: Communications Solutions +$849M (+19%); Harsh Environment Solutions +$164M (+10%); Interconnect and Sensor Systems +$125M (+9%). Gross margin 40.5% against 36.7% (+3.8 pts).
Amphenol, Q2 2026: revenue $8.8B (+55% year over year), operating margin 29.5%, net earnings $1.8B, operating cash flow $1.6B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 40.5% | 36.7% | +3.8 pts |
| Operating margin | 29.5% | 24.0% | +5.5 pts |
| Net margin | 20.2% | 12.2% | +8.0 pts |
| Free cash flow margin | 13.7% | 10.9% | +2.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Communications Solutions | $5.4B | $4.5B | $849M | +19% |
| Harsh Environment Solutions | $1.9B | $1.7B | $164M | +10% |
| Interconnect and Sensor Systems | $1.5B | $1.4B | $125M | +9% |
| Revenue | $8.8B | $7.6B | $1.1B | +15% |
| Gross profit | $3.5B | $2.8B | $748M | +27% |
| Cost of revenue | $5.2B | $4.8B | $390M | +8% |
| Operating profit | $2.6B | $1.8B | $753M | +41% |
| Operating expenses | $963M | $968M | −$5.0M | -0.5% |
| Pre-tax earnings | $2.4B | $1.6B | $743M | +45% |
| Other expense, net | $196M | $186M | $10.1M | +5% |
| SG&A | $940M | $852M | $88.4M | +10% |
| Other operating costs | $23.5M | $117M | −$93.4M | -80% |
| Net earnings | $1.8B | $933M | $836M | +90% |
| Minority interests | $14.9M | $10.3M | $4.6M | +45% |
| Income tax | $604M | $702M | −$98.1M | -14% |
| Depreciation & amortization | $341M | $486M | −$144M | -30% |
| Share-based compensation | $45.4M | $34.2M | $11.2M | +33% |
| Working capital & other | $599M | $332M | $267M | +81% |
| Operating cash flow | $1.6B | $1.1B | $436M | +39% |
| Free cash flow (OCF − capex) | $1.2B | $830M | $372M | +45% |
| Capital expenditures | $356M | $292M | $63.9M | +22% |
Questions
How much did Amphenol's revenue grow quarter over quarter in Q2 2026?
Amphenol's revenue rose $1.1B (+15%) from $7.6B in Q1 2026 to $8.8B in Q2 2026.
What drove Amphenol's revenue change in Q2 2026?
Communications Solutions +$849M (+19%); Harsh Environment Solutions +$164M (+10%); Interconnect and Sensor Systems +$125M (+9%).