Did Amphenol beat or miss consensus estimates last quarter?

What does Amphenol do and what are its main business segments?

What is Amphenol's gross profit margin?

What were the key takeaways from Amphenol's earnings call?

What is the revenue and EPS growth rate for Amphenol year over year?

What guidance did Amphenol's management provide for the next earnings period?

What is the market's earnings forecast for Amphenol next quarter?

What factors drove the changes in Amphenol's revenue and profit?

- **Revenue Record**: $6.194 billion Q3 sales, 53% YoY growth, driven by AI, defense, and IT datacom.
- **Profitability Leap**: 27.5% operating margin, up 560 bps YoY, with $1.215 billion free cash flow.
- **AI Dominance**: IT datacom sales +128% YoY, full-year IT datacom to more than double, fueled by AI demand.
- **Strategic Acquisitions**: $1 billion Trexon (defense) and CCS (communications) acquisitions to close by Q1 2026.
- **Shareholder Value**: 52% dividend increase to $0.25/share, $354 million returned in Q3.

**【CEO Summary Section】**
- **Record Revenue Growth**: Q3 2025 sales reached $6.194 billion, up 53% YoY, driven by double-digit organic growth across all segments except mobile devices.
- **AI-Driven IT Datacom Surge**: IT datacom sales grew 128% YoY, with AI-related products outperforming expectations and full-year IT datacom sales expected to more than double.
- **Defense Market Expansion**: Defense sales increased 29% YoY, with Trexon acquisition set to close by Q4 and CCS acquisition expected by Q1 2026.
- **Profitability Milestones**: Operating margin hit 27.5%, up 560 bps YoY, with free cash flow of $1.215 billion and net debt of $4.2 billion.
- **Shareholder Returns**: $354 million returned via buybacks and dividend, with a 52% dividend increase to $0.25 per share.

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income $420 million, Non-GAAP EPS $1.08 (vs. $0.50 prior year). Operating cash flow 117% of net income, free cash flow 97% of net income.
- **Tax Rate Management**: 25.5% adjusted effective tax rate for 2025, stable due to income mix shifts.
- **Balance Sheet Strength**: Total liquidity $10.9 billion, net leverage 0.7x, supporting $1 billion Trexon acquisition.

**【Q&A Key Highlights】**
- **Margins & Growth**: Q4 guidance for $6 billion-$6.1 billion sales, $0.89-$0.91 EPS, with 27%+ operating margin despite sequential decline.
- **AI Complexity Advantage**: Advanced interconnect products for AI data centers create value, enabling 62%-65% YoY EPS growth.
- **Acquisition Strategy**: Trexon (defense) and CCS (communications) add $290 million and $1 billion+ annual sales, respectively.
- **Market Visibility**: Defense, aerospace, and industrial markets show mid-single-digit Q4 growth, offsetting modest automotive decline.

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