APH Amphenol Corporation
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Daily prices, adjusted for splits. P/E and P/S value each day on the results published by then; a gap in P/E means the trailing year had no profit.
Electronic Components · Wallingford, CT · 170,000 employees · amphenol.com
Amphenol designs and manufactures electrical, electronic, and fiber optic connectors, cable assemblies, sensors, and antennas. It generates revenue by selling these interconnect components and systems directly and through distributors to equipment manufacturers across the communications, aerospace, automotive, defense, and industrial markets.
Bull case
The company converts a healthy portion of its revenue into free cash flow after stock-based compensation and benefits from selling components directly consumed by artificial intelligence workloads.
- The price assumes about +19% a year cash-flow growth; it delivered +35% a year over three years, including acquisitions.
- Turns 16% of revenue into free cash after stock pay.
- Annual revenue growth rose from +41% to +54%, including acquired businesses.
- The share price trend is rising.
Bear case
The primary risk stems from the company's reliance on artificial intelligence infrastructure spending, as its current tailwind depends on that build-out continuing.
- Trades at the 87th percentile of its own valuation history.
- Its sector cycle (AI Infrastructure CapEx) is in saturation.
Features
- V-ACCELERATING Growth accelerating Annual revenue growth rose from +41% to +54%, including acquired businesses. Shared by most companies we track
AI impact
Supplies what AI runs on Tailwind
Amphenol sells connectivity products and components for data communications systems. Rising demand for computing equipment that powers artificial intelligence has significantly boosted its sales, but its growth remains heavily dependent on whether customers continue their high levels of capital investment in artificial intelligence infrastructure.
Where AI helps it
- Sells what AI workloads consume
Where AI could hurt it
- Depends on the AI build-out continuing
In the company's words
Our products enable a broad array of IT datacom systems and applications, including a growing range of systems to power AI and machine learning.
For example, some of our customers are making significant investments in AI, and these investments are driving robust demand for certain of the Company’s products.
Assessed by AI from the company's own annual report filed 11 Feb 2026 and quarterly report filed 31 Jul 2026. A reading of the business, not a forecast or a recommendation.
Valuation position
APH is at the 87th percentile of its own valuation history. Depending on how far back you look, it ranges from the 78th to the 87th percentile. This is a relative measurement, not a price target or recommendation, and it assumes the business is still the one its history describes.
Price ladder
The measured price sits in the Above reference zone. These are reference zones, not buy instructions or forecasts that the prices will be reached.
What the price assumes
The measured price implies roughly +19.4% annual cash-flow growth, between +11.9% and +24.9% under other reasonable assumptions. Over the last three years it delivered +35.1% a year.
An estimate that depends on its assumptions, not a forecast.
Quality versus peers
Each dimension is shown on its own; they are not combined into a score.
Current analyst snapshot
Shown for reference only; not used in any measurement.
What would have to break
- Not triggered — Revenue decline
- Not triggered — Margin break
- Not triggered — Cash burn with rising debt
- Not triggered — Heavy dilution
- Not triggered — Warning language in filings
News
No recent brief on this company.