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Mar 31

Amphenol Q1 2025 Earnings Report

Amphenol reported record sales and profits in Q1 2025, exceeding expectations and driven by strong growth in multiple end markets.

Key Takeaways

Amphenol delivered a record-breaking first quarter with $4.81 billion in revenue and $737.8 million in net income, supported by outstanding performance in the IT datacom, defense, mobile, and communications sectors, alongside contributions from recent acquisitions.

Revenue hit a record $4.81 billion, up 48% year-over-year.

Adjusted EPS reached $0.63, well above guidance.

Strong organic growth across IT datacom, mobile devices, defense, and communications markets.

Two acquisitions completed in the quarter, including CommScope's OWN and DAS businesses.

Total Revenue
$4.81B
Previous year: $3.26B
+47.8%
EPS
$0.63
Previous year: $0.4
+57.5%
Adj. Operating Margin
23.5%
Previous year: 21%
+11.9%
GAAP Operating Margin
21.3%
Operating Cash Flow
$765M
Gross Profit
$1.64B
Previous year: $1.09B
+51.0%
Cash and Equivalents
$1.66B
Previous year: $1.96B
-15.6%
Free Cash Flow
$580M
Previous year: $502M
+15.5%
Total Assets
$22.9B
Previous year: $16.7B
+37.0%

Amphenol

Amphenol

Amphenol Revenue by Segment

Forward Guidance

For Q2 2025, Amphenol expects continued strong performance with revenue projected between $4.90B and $5.00B, and Adjusted EPS between $0.64 and $0.66.

Positive Outlook

  • Revenue expected to grow 36%-39% YoY in Q2.
  • Adjusted EPS guidance of $0.64 to $0.66 exceeds prior year.
  • Continued benefit from recent acquisitions including Andrew Business.
  • Strong demand across diversified end markets.
  • Expanded range of high-technology interconnect products.

Challenges Ahead

  • Ongoing macroeconomic and geopolitical uncertainties.
  • Potential volatility from foreign exchange rates.
  • Challenges in raw material availability and costs.
  • Cybersecurity risks including increasingly sophisticated attacks.
  • Regulatory pressures related to information security and ESG requirements.

Revenue & Expenses

Visualization of income flow from segment revenue to net income