Recommendation: Buy
| Entry Date | Symbol | Recommendation | Entry Price (USD) | Target 1 (USD) | Target 2 (USD) | Holding Duration | Position Status | Return(%)* |
|---|---|---|---|---|---|---|---|---|
| 24 Apr, 26 | APH | Buy | USD 150.18 | USD 158.0 | USD 166.0 | 13 days | Closed |
10.11%
|
*Return(%) represent the percentage change between the entry price and exit price of the recommendation.
Data Powered by EOD Historical Data (“EODHD”).
Amphenol Corporation, together with its subsidiaries, designs, manufactures, and markets electrical, electronic, and fiber optic connectors in the United States, China, and internationally. It operates through three segments: Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems. The company offers connectors and connector systems, including high speed, radio frequency, power, fiber optic and other interconnect products; busbars and power distribution systems; power interconnect products; and other products. It also provides value-add products, such as backplane interconnect systems, cable assemblies and harnesses, and cable management products; and other products comprising flexible and rigid printed circuit boards, hinges, other mechanical, and production related products. In addition, the company offers consumer device, network infrastructure, and other antennas; coaxial, power, and specialty cables; and sensors and sensor-based products. It sells its products through its sales force, independent representatives, and a network of electronics distributors to original equipment manufacturers, electronic manufacturing services companies, original design manufacturers, and service providers in the automotive, commercial aerospace, communications networks, defense, industrial, information technology and data communications, mobile devices markets. The company was founded in 1932 and is headquartered in Wallingford, Connecticut.
Increase in Net Income: USD 4,270.3 Mn in FY25 vs USD 2,424.0 Mn in FY24
Revenue Growth: USD 23,094.7 Mn in FY25 vs USD 15,222.7 Mn in FY24
Rise in Cost of Sales: USD 14,577.0 Mn in FY25 vs USD 10,083.0 Mn in FY24
Increase in Interest Expense: USD 367.8 Mn in FY25 vs USD 217.0 Mn in FY24
The company faces risks related to cyclical demand across end markets, integration challenges from acquisitions, and exposure to geopolitical, supply chain, and currency fluctuations impacting operational performance
| Entry Price | Support* | Target 1** | Target 2** |
|---|---|---|---|
| 150.18 | 135.0 | 158.0 | 166.0 |
Data Source: REFINITIV, Analysis: StockNextt
*Support can be considered as an indicative stop-loss, and if prices move below that level on closing basis individuals may evaluate exiting the position depending on their risk appetite, previous holdings, and other factors considered. The support and resistance levels may need to be re-evaluated within 4-6 weeks’ time frame depending on the stock price movements from the date of recommendation on the stock.
**Target prices may vary by ±0.5% depending on market volatility.
Record Revenue Expansion Driven by Broad-Based Demand: Amphenol Corporation delivered a strong financial performance in FY25, supported by robust demand across diversified end markets. Total sales increased significantly to USD 23.1 billion in FY25 compared to USD 15.2 billion in FY24, reflecting a 52% year-over-year growth. This growth was primarily driven by strong organic expansion, particularly in the IT datacom segment, alongside incremental contributions from acquisitions. The company’s ability to capitalize on accelerating electronics innovation trends further strengthened its top-line performance.
Segmental Strength and Market Diversification: Operationally, Amphenol maintained strong momentum across all key business segments. The Communications Solutions segment emerged as a major growth driver, with sales nearly doubling to USD 12.1 billion in FY25 from USD 6.3 billion in FY24. Similarly, Harsh Environment Solutions and Interconnect and Sensor Systems segments recorded steady growth, highlighting the company’s diversified exposure across industries such as automotive, aerospace, and data communications. This diversification has enhanced resilience against cyclicality in individual markets.
Profitability Expansion and Margin Strength: The company demonstrated strong operational efficiency, with operating income rising to USD 5.9 billion in FY25 from USD 3.2 billion in FY24. Operating margins improved to 25.4% from 20.7% in the prior year, reflecting better cost management, operating leverage, and favorable product mix. Additionally, adjusted operating margins reached 26.2%, underscoring sustained profitability improvement even after excluding non-recurring items.
Earnings Growth and Shareholder Value Creation: Amphenol reported a substantial increase in earnings, with net income attributable to the company rising to USD 4.3 billion in FY25 compared to USD 2.4 billion in FY24. Diluted EPS also improved significantly to USD 3.34 from USD 1.92, highlighting strong earnings scalability. The company returned nearly USD 1.5 billion to shareholders through dividends and share repurchases during the year, reinforcing its commitment to shareholder returns.
Strong Cash Flow Generation and Liquidity Position: Cash flow generation remained robust, with operating cash flow increasing to USD 5.4 billion in FY25 compared to USD 2.8 billion in FY24. Free cash flow also improved significantly to USD 4.4 billion from USD 2.2 billion, reflecting strong earnings conversion. The company’s cash and cash equivalents surged to USD 11.1 billion, providing ample liquidity to support future investments, acquisitions, and capital returns.
Strategic Acquisitions Enhancing Growth Outlook: Amphenol continued to execute its acquisition-led growth strategy, completing five acquisitions in FY25, including the Trexon acquisition, and subsequently closing the acquisition of CommScope’s CCS business in early 2026. These strategic investments are expected to further enhance revenue scale and earnings potential, with the CCS business alone projected to contribute approximately USD 4.1 billion in sales in FY26.
Outlook Supported by Industry Tailwinds: Looking ahead, the company expects continued growth momentum, with Q1FY26 sales projected in the range of USD 6.9–7.0 billion, indicating a 43%–45% year-over-year increase. The outlook is supported by accelerating demand for advanced interconnect technologies driven by digital transformation, AI infrastructure, and next-generation electronics. The company’s strong technological positioning and entrepreneurial culture are expected to sustain long-term growth.
Considering recent key business, financial updates, current trading levels, and key business risks, a ‘Buy’ recommendation has been given to Amphenol Corporation (NYSE: APH) at the closing market price of USD 150.18, as on 23 April,2026.
Data Powered by EOD Historical Data (“EODHD”).
Sector: Technology Industry: Electronic Components
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| APH Amphenol Corporation |
4.43 2.95% | 154.94 | 45.49 | 34.25 | 8.09 | 13.93 | 8.26 | 27.70 |
| GLW Corning Incorporated |
7.92 5.17% | 161.01 | 89.92 | 53.19 | 9.09 | 12.03 | 9.59 | 40.14 |
| CLS Celestica Inc. |
13.77 4.48% | 321.11 | 55.90 | 44.64 | 3.74 | 20.91 | 3.75 | 38.33 |
| HNHPF Hon Hai Precision Industry Co Ltd ADR |
0.60 4.05% | 15.40 | 10.86 | 8.47 | 0.0073 | 0.92 | 0.0057 | 0.11 |
| TEL TE Connectivity Ltd |
4.57 2.25% | 207.71 | 23.48 | 18.83 | 2.68 | 3.73 | 2.85 | 14.55 |
Data Powered by EOD Historical Data (“EODHD”).
Markets are trading in a highly volatile zone currently due to certain macro-economic issues and prevailing geopolitical tensions. Therefore, it is prudent to follow a cautious approach while investing.
Related Risks: This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the stocks has not been considered in the decision-making process. Other factors which could impact the stock prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.
Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference date for all price data, currency, technical indicators, support, and resistance levels as on April 24, 2026. The reference data in this report has been partly sourced from REFINITIV.
Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings. An 'Exit' from the stock can be considered if the Target Price mentioned has been achieved and is subject to the factors discussed above.
Note 4: StockNextt reports are prepared based on the stock prices captured either from REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect stock prices with a delay which could be a lag of 15-20 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.
Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.
Target: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Target 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Target 2 may act as the crucial resistance level for the stock.
Stop-loss: It is a level to protect further losses in case of unfavourable movement in the stock prices.
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