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Three Months
Ended March 31, |
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Year Ended December 31,
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(in millions)
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2026
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2025
|
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2025
|
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2024
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2023
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(unaudited)
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| Statements of Income Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net sales
|
| | | $ | 7,620.1 | | | | | $ | 4,811.0 | | | | | $ | 23,094.7 | | | | | $ | 15,222.7 | | | | | $ | 12,554.7 | | |
|
Cost of sales
|
| | | | 4,819.9 | | | | | | 3,167.0 | | | | | | 14,577.0 | | | | | | 10,083.0 | | | | | | 8,470.6 | | |
|
Selling, general and administrative expenses
|
| | | | 851.5 | | | | | | 575.2 | | | | | | 2,545.7 | | | | | | 1,855.4 | | | | | | 1,489.9 | | |
|
Operating income
|
| | | | 1,831.8 | | | | | | 1,024.8 | | | | | | 5,868.6 | | | | | | 3,156.9 | | | | | | 2,559.6 | | |
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Net income attributable to APH
|
| | | | 933.0 | | | | | | 737.8 | | | | | | 4,270.3 | | | | | | 2,424.0 | | | | | | 1,928.0 | | |
| Non-GAAP Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Adjusted operating income(a)
|
| | | | 2,080.7 | | | | | | 1,129.7 | | | | | | 6,049.8 | | | | | | 3,302.5 | | | | | | 2,594.2 | | |
|
Adjusted net income attributable to APH(a)
|
| | | | 1,372.7 | | | | | | 799.8 | | | | | | 4,272.5 | | | | | | 2,382.1 | | | | | | 1,870.4 | | |
| Statements of Cash Flow and Other Data: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Net cash provided by operating activities
|
| | | | 1,121.5 | | | | | | 764.9 | | | | | | 5,374.7 | | | | | | 2,814.7 | | | | | | 2,528.7 | | |
|
Net cash used in investing activities
|
| | | | (11,030.8) | | | | | | (2,352.6) | | | | | | (5,082.1) | | | | | | (2,648.6) | | | | | | (1,393.7) | | |
|
Net cash provided by (used in) financing activities
|
| | | | 2,898.3 | | | | | | (88.6) | | | | | | 7,423.2 | | | | | | 1,729.9 | | | | | | (1,012.4) | | |
|
Capital expenditures
|
| | | | (291.6) | | | | | | (188.6) | | | | | | (996.6) | | | | | | (665.4) | | | | | | (372.8) | | |
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As of
March 31, |
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As of December 31,
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(in millions)
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2026
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2025
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2024
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2023
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| Balance Sheet Data: | | | | | | | | | | | | | | | | | | | | | | | | | |
|
Cash and cash equivalents
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| | | $ | 4,128.0 | | | | | $ | 11,130.6 | | | | | $ | 3,317.0 | | | | | $ | 1,475.0 | | |
|
Short-term investments
|
| | | | 455.1 | | | | | | 303.6 | | | | | | 18.4 | | | | | | 185.2 | | |
|
Working capital(b)
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| | | | 6,409.0 | | | | | | 13,464.4 | | | | | | 5,602.2 | | | | | | 3,682.6 | | |
|
Total assets
|
| | | | 42,133.8 | | | | | | 36,236.9 | | | | | | 21,440.2 | | | | | | 16,526.4 | | |
|
Total debt(c)
|
| | | | 18,748.9 | | | | | | 15,502.0 | | | | | | 6,886.1 | | | | | | 4,337.3 | | |
|
Total equity
|
| | | | 14,082.4 | | | | | | 13,500.4 | | | | | | 9,847.4 | | | | | | 8,395.8 | | |
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Three Months Ended March 31,
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Year Ended December 31,
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2026
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2025
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2025
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2024
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2023
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(in millions)
|
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Operating
Income |
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Net Income
attributable to APH |
| |
Operating
Income |
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Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
| |
Operating
Income |
| |
Net Income
attributable to APH |
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|
Reported (GAAP)
|
| | | $ | 1,831.8 | | | | | $ | 933.0 | | | | | $ | 1,024.8 | | | | | $ | 737.8 | | | | | $ | 5,868.6 | | | | | $ | 4,270.3 | | | | | $ | 3,156.9 | | | | | $ | 2,424.0 | | | | | $ | 2,559.6 | | | | | $ | 1,928.0 | | |
|
Amortization of acquisition-related inventory step-up
costs |
| | | | 132.0 | | | | | | 101.1 | | | | | | 60.9 | | | | | | 46.6 | | | | | | 77.8 | | | | | | 59.6 | | | | | | 18.2 | | | | | | 14.0 | | | | | | — | | | | | | — | | |
|
Acquisition-related expenses
|
| | | | 116.9 | | | | | | 99.5 | | | | | | 44.0 | | | | | | 35.5 | | | | | | 103.4 | | | | | | 89.2 | | | | | | 127.4 | | | | | | 105.3 | | | | | | 34.6 | | | | | | 30.2 | | |
|
Gain on bargain purchase acquisition
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | (5.4) | | |
|
Excess tax benefits related to stock-based compensation
|
| | | | — | | | | | | (50.9) | | | | | | — | | | | | | (20.1) | | | | | | — | | | | | | (246.6) | | | | | | — | | | | | | (142.6) | | | | | | — | | | | | | (82.4) | | |
|
Discrete tax items
|
| | | | — | | | | | | 290.0 | | | | | | — | | | | | | — | | | | | | — | | | | | | 100.0 | | | | | | — | | | | | | (18.6) | | | | | | — | | | | | | — | | |
|
Adjusted (non-GAAP)(1)
|
| | | $ | 2,080.7 | | | | | $ | 1,372.7 | | | | | $ | 1,129.7 | | | | | $ | 799.8 | | | | | $ | 6,049.8 | | | | | $ | 4,272.5 | | | | | $ | 3,302.5 | | | | | $ | 2,382.1 | | | | | $ | 2,594.2 | | | | | $ | 1,870.4 | | |
| | | |
As of March 31, 2026
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(In millions)
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Historical
|
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As Adjusted
|
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|
Cash and cash equivalents
|
| | | $ | 4,128.0 | | | | | $ | | | |
| Indebtedness: | | | | | | | | | | | | | |
| Short-term borrowings including obligations under capital leases: | | | | | | | | | | | | | |
|
2026 Euro Notes of Amphenol Technologies Holding GmbH(a)(b)
|
| | | | 576.9 | | | | | | 576.9 | | |
|
364-day delayed draw term loan
|
| | | | 1,534.1 | | | | | | | | |
|
Other
|
| | | | 0.9 | | | | | | 0.9 | | |
|
Short-term deferred debt issuance costs
|
| | | | (2.3) | | | | | | — | | |
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Total short-term borrowings
|
| | | $ | 2,109.6 | | | | | $ | | | |
| Long-term debt including obligations under capital lease: | | | | | | | | | | | | | |
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Revolving credit facility
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| | | $ | — | | | | | $ | — | | |
|
Three-year delayed draw term loan
|
| | | | 1,534.1 | | | | | | 1,534.1 | | |
|
U.S. Commercial Paper Program(c)
|
| | | | — | | | | | | — | | |
|
Euro Commercial Paper Program issued by Amphenol Technologies Holding GmbH
|
| | | | — | | | | | | — | | |
|
5.050% Senior Notes due 2027
|
| | | | 700.9 | | | | | | 700.9 | | |
|
Floating Rate Senior Notes due 2027
|
| | | | 500.0 | | | | | | 500.0 | | |
|
3.800% Senior Notes due 2027
|
| | | | 749.6 | | | | | | 749.6 | | |
|
4.375% Senior Notes due 2028
|
| | | | 749.5 | | | | | | 749.5 | | |
|
2028 Euro Notes of Amphenol Technologies Holding GmbH(a)
|
| | | | 576.1 | | | | | | 576.1 | | |
|
3.900% Senior Notes due 2028
|
| | | | 749.3 | | | | | | 749.3 | | |
|
5.050% Senior Notes due 2029
|
| | | | 449.7 | | | | | | 449.7 | | |
|
4.350% Senior Notes due 2029
|
| | | | 499.9 | | | | | | 499.9 | | |
|
2.800% Senior Notes due 2030
|
| | | | 899.7 | | | | | | 899.7 | | |
|
4.125% Senior Notes due 2030
|
| | | | 999.0 | | | | | | 999.0 | | |
|
2031 Euro Notes of Amphenol Technologies Holding GmbH(a)
|
| | | | 575.9 | | | | | | 575.9 | | |
|
2.200% Senior Notes due 2031
|
| | | | 748.5 | | | | | | 748.5 | | |
|
3.125% Euro Senior Notes due 2032(a)
|
| | | | 687.6 | | | | | | 687.6 | | |
|
4.400% Senior Notes due 2033
|
| | | | 1,248.6 | | | | | | 1,248.6 | | |
|
5.250% Senior Notes due 2034
|
| | | | 599.5 | | | | | | 599.5 | | |
|
5.000% Senior Notes due 2035
|
| | | | 746.8 | | | | | | 746.8 | | |
|
4.625% Senior Notes due 2036
|
| | | | 1,598.4 | | | | | | 1,598.4 | | |
|
5.375% Senior Notes due 2054
|
| | | | 492.5 | | | | | | 492.5 | | |
| | | |
As of March 31, 2026
|
| |||||||||
|
(In millions)
|
| |
Historical
|
| |
As Adjusted
|
| ||||||
|
5.300% Senior Notes due 2055
|
| | | | 1,647.3 | | | | | | 1,647.3 | | |
|
% Euro Senior Notes due 20 offered hereby(a)
|
| | | | — | | | | | | | | |
|
% Euro Senior Notes due 20 offered hereby(a)
|
| | | | — | | | | | | | | |
|
Other
|
| | | | 0.5 | | | | | | 0.5 | | |
|
Long-term deferred debt issuance costs
|
| | | | (114.1) | | | | | | | | |
|
Total long-term debt
|
| | | $ | 16,639.3 | | | | | $ | | | |
|
Total indebtedness
|
| | | $ | 18,748.9 | | | | | $ | | | |
|
Total equity
|
| | | $ | 14,082.4 | | | | | $ | 14,270.1 | | |
|
Total capitalization
|
| | | $ | 32,831.3 | | | | | $ | | | |
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|
Underwriters
|
| |
Principal Amount
of the 20 Notes |
| |
Principal Amount
of the 20 Notes |
| ||||||
|
Barclays Bank PLC
|
| | | € | | | | | € | | | ||
|
Citigroup Global Markets Limited
|
| | | € | | | | | € | | | ||
|
Commerzbank Aktiengesellschaft
|
| | | € | | | | | € | | | ||
|
HSBC Bank plc
|
| | | € | | | | | € | | | ||
|
BNP PARIBAS
|
| | | € | | | | | € | | | ||
|
J.P. Morgan Securities plc
|
| | | € | | | | | € | | | ||
|
Mizuho International plc
|
| | | € | | | | | € | | | ||
|
Standard Chartered Bank
|
| | | € | | | | | € | | | ||
|
ING Bank N.V., Belgian Branch
|
| | | € | | | | | € | | | ||
|
Siebert Williams Shank & Co., LLC
|
| | | € | | | | | € | | | ||
|
Total
|
| | | € | | | | | € | | | | |
| | | |
Paid by the Company
|
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| | | |
Per note
|
| |
Total
|
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|
20 notes
|
| | | | % | | | | | € | | | |
|
20 notes
|
| | | | % | | | | | € | | | |
|
Combined Total
|
| | | | | | | | | € | | | |
| | | |
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