Filing Flows › Amphenol (APH) › Q2 2026 › vs Q2 2025
Amphenol (APH) Q2 2026 vs Q2 2025 (year over year)
Amphenol's revenue rose $3.1B (+55%) from $5.7B in Q2 2025 to $8.8B in Q2 2026. The biggest changes: Communications Solutions +$2.5B (+85%); Harsh Environment Solutions +$412M (+28%); Interconnect and Sensor Systems +$222M (+17%). Gross margin 40.5% against 36.3% (+4.2 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 40.5% | 36.3% | +4.2 pts |
| Operating margin | 29.5% | 25.1% | +4.4 pts |
| Net margin | 20.2% | 19.3% | +0.9 pts |
| Free cash flow margin | 13.7% | 19.8% | -6.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Communications Solutions | $5.4B | $2.9B | $2.5B | +85% |
| Harsh Environment Solutions | $1.9B | $1.4B | $412M | +28% |
| Interconnect and Sensor Systems | $1.5B | $1.3B | $222M | +17% |
| Revenue | $8.8B | $5.7B | $3.1B | +55% |
| Gross profit | $3.5B | $2.1B | $1.5B | +73% |
| Cost of revenue | $5.2B | $3.6B | $1.6B | +45% |
| Operating profit | $2.6B | $1.4B | $1.2B | +82% |
| Operating expenses | $963M | $634M | $329M | +52% |
| Pre-tax earnings | $2.4B | $1.3B | $1.0B | +77% |
| Other expense, net | $196M | $70.7M | $126M | +178% |
| SG&A | $940M | $622M | $317M | +51% |
| Other operating costs | $23.5M | $12.0M | $11.5M | +96% |
| Net earnings | $1.8B | $1.1B | $678M | +62% |
| Minority interests | $14.9M | $9.5M | $5.4M | +57% |
| Income tax | $604M | $247M | $357M | +144% |
| Depreciation & amortization | $341M | $209M | $132M | +63% |
| Share-based compensation | $45.4M | $31.3M | $14.1M | +45% |
| Working capital & other | $599M | −$84.8M | $684M | — |
| Operating cash flow | $1.6B | $1.4B | $140M | +10% |
| Free cash flow (OCF − capex) | $1.2B | $1.1B | $82.0M | +7% |
| Capital expenditures | $356M | $297M | $58.4M | +20% |
Questions
How much did Amphenol's revenue grow year over year in Q2 2026?
Amphenol's revenue rose $3.1B (+55%) from $5.7B in Q2 2025 to $8.8B in Q2 2026.
What drove Amphenol's revenue change in Q2 2026?
Communications Solutions +$2.5B (+85%); Harsh Environment Solutions +$412M (+28%); Interconnect and Sensor Systems +$222M (+17%).