Amphenol (APH) Q1 2026 Earnings Transcript

Motley Fool Transcribing, The Motley Fool

Thu, April 30, 2026 astatine 11:14 AM CDT 50 min read

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DATE

Wednesday, April 29, 2026 astatine 1 p.m. ET

CALL PARTICIPANTS

• Chief Executive Officer — Adam Norwitt

• Chief Financial Officer — Craig Lampo

Full Conference Call Transcript

Craig Lampo: Thank you precise much. Good afternoon, everyone. This is Craig Lampo, Amphenol's CFO, and I'm present unneurotic with Adam Norwitt, our CEO. We would similar to invited you to our archetypal 4th 2026 league call. Our archetypal 4th results were released this morning, and I volition supply immoderate fiscal commentary, and past Adam volition springiness an overview of the concern and existent marketplace trends, and then, of course, we'll instrumentality your questions. As a reminder, during the call, we whitethorn notation to definite non-GAAP fiscal measures and marque definite forward-looking statements truthful delight notation to the applicable disclosures successful our property merchandise for further information.

The institution closed the archetypal 4th of 2026 with grounds income of $7.6 cardinal and GAAP and adjusted diluted EPS of $0.72 and $1.06, respectively. First 4th income were up 58% successful U.S. dollars, 57% successful section currencies, and 33% organically compared to the archetypal 4th of 2025. Sequentially, income were up 18% successful U.S. dollars and successful section currencies and up 4% organically. Adam volition remark further connected trends by marketplace successful a fewer minutes. Orders successful the 4th were a grounds $9.435 billion, up a beardown 78% compared to the archetypal 4th of 2025 and up 12% sequentially, resulting successful different precise beardown book-to-bill ratio of 1.24:1.

This awesome book-to-bill was driven by robust bookings successful each of our extremity markets with each extremity marketplace having a affirmative book-to-bill this quarter. GAAP operating income was $1.8 cardinal successful the 4th and GAAP operating borderline was 24%. GAAP operating borderline included $249 cardinal of acquisition-related costs chiefly related to the acquisition of CommScope, which closed astatine the opening of January. These acquisition-related costs included $179 cardinal of noncash amortization related to the worth of acquired backlog and inventory step-up costs arsenic good arsenic a $70 cardinal complaint related to outer transaction costs. Excluding acquisition-related costs, adjusted operating income and adjusted operating borderline were $2.1 cardinal and 27.3%, respectively.

On an adjusted basis, operating borderline accrued by a beardown 380 ground points from the anterior twelvemonth 4th and was down 20 ground points sequentially. The year-over-year summation successful adjusted operating borderline was chiefly driven by robust operating leverage connected the importantly higher income volumes, which much than offset the dilutive interaction of acquisitions. On a sequential basis, the alteration successful adjusted operating borderline was chiefly driven by the dilutive interaction of acquisition, partially offset by robust operating leverage connected the higher integrated income volumes. I'm precise arrogant of the company's operating borderline show successful the archetypal quarter, which reflects continued beardown execution by our team.