Amphenol Corporation (APH) Stock Price & How to Invest
Last updated July 2026
Short answer
Amphenol (APH) is one of the world's largest makers of electronic connectors, cables, and interconnect systems, and it has become a core beneficiary of AI data center buildout. Investors typically treat it as a broad, high-quality industrial-technology holding that trades at a premium valuation reflecting its growth and acquisition track record.
APH stock price
As of 2026-08-21, Amphenol Corporation (APH) last closed at $157.01, up 43.6% over the past year. Over the past 52 weeks it has traded between $108.86 and $176.32.
Prices are daily closing prices from Yahoo Finance and may be delayed. For the live quote, check your broker or Amphenol Corporation's investor relations page. Walnut is informational, not investment advice.
What does Amphenol Corporation (APH) do?
Amphenol Corporation designs and manufactures electronic and fiber optic connectors, cable, and interconnect systems used across communications, information technology, automotive, industrial, aerospace, defense, mobile devices, and broadband markets. The business is organized into segments spanning harsh environment solutions, communications solutions, and interconnect and sensor systems, and it grows through a combination of organic design wins and a long, disciplined acquisition history. Its January 2026 completion of the roughly ~$10.5 billion purchase of CommScope's Connectivity and Cable Solutions business meaningfully expanded its fiber optic and IT datacom capabilities.
The investment picture centers on Amphenol's exposure to accelerating AI data center deployment, which drives demand for its high speed, high value interconnect products, alongside steadier end markets like automotive, defense, and industrial that smooth the cycle. As of July 2026 the company was posting record quarterly results, with revenue growth boosted by both organic strength and acquisitions. The trade-off is valuation: the stock carries a premium earnings multiple that leaves less room for error if AI-related capital spending slows or acquisition integration disappoints.
What's driving Amphenol Corporation (APH)?
1. AI data center demand
Rapid global buildout of AI-driven data centers is fueling strong demand for Amphenol's high speed interconnect, fiber optic, and cable products. Management has pointed to a growing IT datacom backlog tied to these applications. This has been the primary driver behind recent record revenue quarters.
2. Acquisition-led expansion
Amphenol has a decades-long record of buying and integrating interconnect businesses to add capabilities and end markets. The roughly ~$10.5 billion CommScope CCS acquisition, completed in January 2026, deepened its fiber optic and datacom portfolio. Continued bolt-on and larger deals remain central to its growth model.
3. Diversified end markets
Beyond data centers, Amphenol serves automotive electrification, defense, commercial aerospace, industrial, and mobile device markets. This breadth cushions the company when any single cycle weakens. Electrification and rising electronic content per vehicle provide a longer-term tailwind in automotive.
4. Margin and cash generation
The company has historically converted growth into healthy operating margins and free cash flow, supporting reinvestment, acquisitions, buybacks, and dividends. Scale across thousands of interconnect products and a decentralized operating model support returns. Sustaining margins through acquisition integration is a key watch item.
What are the risks to Amphenol Corporation (APH)?
The most cited risk is valuation, with the stock trading at a premium price to earnings multiple that assumes continued strong growth. A slowdown in AI-related data center capital spending would directly pressure the segment now driving results. Integration risk from large acquisitions like CommScope CCS, including goodwill and added debt, is another concern. Cyclical exposure to automotive, industrial, and mobile markets can create quarter to quarter volatility, and being a global manufacturer leaves it exposed to tariffs, supply chain disruption, and currency swings. Competition from large rivals could pressure pricing and share over time.
What is the Amphenol Corporation (APH) forecast?
17 analysts publish price targets on APH, averaging $198.06 against a $160.70 price as of August 2026, or +23.2%. The published targets run from $170.00 to $230.00, a moderate spread, and the ratings split 15 buy, 2 hold, 0 sell. Over the last six months there have been 12 raises and 0 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.
Read the full APH forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.
Is APH a buy or a sell?
We give no verdict on Amphenol Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.
The case for buying. AI data center demand. Rapid global buildout of AI-driven data centers is fueling strong demand for Amphenol's high speed interconnect, fiber optic, and cable products. The most optimistic published target, $230.00, assumes this works close to its best case.
The case against. The most cited risk is valuation, with the stock trading at a premium price to earnings multiple that assumes continued strong growth. The most pessimistic target, $170.00, is roughly what APH is worth if this bites instead.
Read the full bull and bear case on APH, including what would have to change to break either one. Walnut is not an investment adviser.
How is Amphenol Corporation (APH) valued? (approximate, July 2026)
A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Amphenol Corporation's investor relations page or your broker.
- Revenue (TTM): ~$23 billion
- Net income (TTM): ~$4.3 billion
- Diluted EPS (TTM): ~$3.66
- Q1 2026 revenue: ~$7.6 billion
- P/E ratio: ~44x
- EV/EBITDA: ~23x
As of July 2026 Amphenol had posted record Q1 2026 revenue of roughly ~$7.6 billion, with trailing twelve month revenue near ~$23 billion and EPS around ~$3.66. The premium P/E near ~44x reflects investor expectations for continued AI-driven growth and the added contribution from the CommScope CCS acquisition. These figures are approximate and reference the July 2026 reporting picture.
Which ETFs hold Amphenol Corporation (APH)?
If you want APH exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.
| ETF | Name | % in APH | Expense ratio | |
|---|---|---|---|---|
| GRID | First Trust Nasdaq Clean Edge Smart Grid Infrastructure ETF | ~4.5% | 0.56% |
Who competes with Amphenol Corporation (APH)?
Broad-line interconnect makers
TE Connectivity is Amphenol's largest direct competitor, competing across automotive, industrial, and communications markets, while Molex (owned by Koch Industries) is a major rival in consumer electronics, datacom, and cable solutions. These are the closest peers by scale and product breadth.
Automotive and specialty connector suppliers
Aptiv, Sumitomo, Yazaki, and JAE compete heavily in automotive and electric vehicle connectors, while European specialists like Rosenberger, LEMO, and Hirose target high-frequency and precision niches. They compete for design wins in specific end markets rather than across Amphenol's full range.
Contract manufacturers and cable specialists
Firms such as Foxconn Interconnect (FIT), Luxshare Precision, and BizLink increasingly compete in high-volume connector and cable assembly, particularly for mobile devices and data center hardware. Their scale in Asia makes them notable low-cost competitors.
What stocks are similar to Amphenol Corporation (APH)?
Other names that sit close to APH: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.
How to invest in Amphenol Corporation (APH)
There are three common ways to get APH exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (GRID), which spreads the position across many companies. Or build it into a focused thematic portfolio, so APH sits alongside other stocks that express the same thesis.
Walnut takes the portfolio route. Describe a thesis where APH fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.
New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.
The bottom line on Amphenol Corporation (APH)
APH is a diversified interconnect leader riding the AI and electrification wave, and the market prices it at a premium that assumes that momentum continues.
More on Amphenol Corporation (APH)
Whether APH is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is APH a buy or a sell?, and where the stock could go from here in the APH stock forecast.
For income investors, whether APH pays a dividend and how the payout looks is covered in does APH pay a dividend? And to weigh APH against a peer, read the full side-by-side comparisons: APH vs TEL and APH vs APTV.
Wondering how APH fits the portfolio you already own? Walnut is an AI investing app that connects your brokerage read-only and answers questions like that about your actual holdings: overlap, concentration, and how each position tracks the S&P 500. Compare the best AI portfolio analyzers or see the best AI investing apps in 2026.
Investing in Amphenol Corporation with AI
Connect the broker you already use and ask Walnut's AI how APH fits what you actually hold: whether you own it already through a fund, what it would do to your concentration, and how it has tracked the S&P 500. Read-only by default, and you approve anything before it reaches your broker.
FAQ
What does Amphenol do?
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Amphenol designs and manufactures electronic and fiber optic connectors, cable, and interconnect systems. Its products are used in data centers, automotive, defense, aerospace, industrial equipment, mobile devices, and broadband networks around the world.
Why is Amphenol tied to AI?
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AI data centers require large volumes of high speed, high value interconnect and cable products to move data between chips, servers, and networks. Amphenol supplies many of these components, so accelerating AI infrastructure spending has become a major driver of its recent record revenue.
What was the CommScope acquisition?
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In January 2026 Amphenol completed its purchase of CommScope's Connectivity and Cable Solutions (CCS) business for roughly ~$10.5 billion. The deal expanded Amphenol's fiber optic and IT datacom capabilities, which are important for AI and data center applications.
How large is Amphenol's revenue?
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As of July 2026, Amphenol had trailing twelve month revenue of roughly ~$23 billion, with record first quarter 2026 sales near ~$7.6 billion. Growth reflected both organic demand and contributions from acquisitions.
Is APH stock expensive?
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As of July 2026 APH traded at a premium price to earnings ratio of roughly ~44x, above many industrial peers. That multiple reflects expectations for continued AI-driven growth, so the stock can be sensitive if that growth slows. This is descriptive and not investment advice.
Who are Amphenol's main competitors?
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Its closest competitors are TE Connectivity and Molex, which also make broad lines of connectors and cable. In automotive and specialty niches it also competes with Aptiv, Sumitomo, Yazaki, Rosenberger, and contract manufacturers like Foxconn Interconnect and Luxshare.
Does Amphenol pay a dividend?
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Amphenol has historically paid a dividend and returned cash to shareholders through buybacks alongside reinvesting in acquisitions. The dividend has generally been a modest portion of its total shareholder return, which has leaned more on growth. Check current figures before relying on any specific yield.
What are the biggest risks for Amphenol?
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Key risks include a premium valuation that leaves little room for disappointment, a potential slowdown in AI data center spending, integration risk from large acquisitions, cyclical automotive and industrial demand, and exposure to tariffs, supply chains, and currency swings as a global manufacturer.
Walnut is informational, not investment advice. Financial figures on this page are approximations; always verify current numbers with Amphenol Corporation's investor relations page or your broker before making investment decisions.