Amphenol Corp Stock Price, News & Analysis

Amphenol (NYSE: APH) priced a multi-tranche senior notes offering totaling $7.5 billion across seven series, with maturities from 2027 to 2055 and coupons ranging from floating Compounded SOFR+0.53% to 5.300% for the 2055 notes. The company expects to close the offering on November 10, 2025, subject to customary conditions.

Proceeds, together with cash on hand and borrowings under delayed draw term loan facilities and the U.S. commercial paper program, are intended to fund the cash consideration and related fees for Amphenol’s pending acquisition of CommScope’s Connectivity and Cable Solutions businesses (CCS Acquisition). Each series may be subject to a special mandatory redemption at 101% of principal if the acquisition is not consummated by an agreed date.

Amphenol (NYSE: APH) reported record third quarter 2025 results with sales of $6.2 billion (up 53% in USD; 41% organically) and GAAP diluted EPS $0.97 (up 102%). Adjusted diluted EPS was $0.93 (up 86%), and operating margin reached a record 27.5%. Operating cash flow was $1.5 billion and free cash flow $1.2 billion. The company completed the Rochester Sensors acquisition (annual sales ~ $100 million) in August and bought back 1.4 million shares for $153 million. The Board approved a 52% quarterly dividend increase to $0.25/share, payable Jan 7, 2026. Q4 guidance: sales $6.0–6.1B; adjusted EPS $0.89–0.91.

CommScope (NASDAQ: COMM) announced that holders of 70% of outstanding stock as of the Sept 8, 2025 record date voted to approve the proposed sale of its Connectivity and Cable Solutions (CCS) business to Amphenol (NYSE: APH) at a special stockholder meeting held on Oct 16, 2025. The approval satisfied the transaction requirement that a majority of outstanding shares (common stock and Series A preferred on an as-converted basis) vote in favor.

This vote clears a key shareholder approval hurdle for the proposed CCS sale to proceed toward closing, subject to any remaining closing conditions.

Audax Private Equity has announced the sale of Trexon to Amphenol Corporation (NYSE: APH), marking their 11th exit since August 2024. The transaction is expected to close in Q4 2025. Trexon, headquartered in Boston with 1,100 employees globally, specializes in custom interconnect solutions for defense, space, and specialty markets.

Under Audax's ownership since 2021, Trexon underwent significant transformation through 11 add-on acquisitions and organic growth initiatives. The company established itself as a pure-play provider of engineered, high-reliability custom interconnect solutions. Audax Private Equity, managing approximately $19 billion in assets as of March 2025, has invested in over 175 platforms and 1,400+ add-on acquisitions since 1999.

Amphenol Corporation (NYSE: APH) has announced a definitive agreement to acquire Trexon for $1 billion in cash. Trexon, headquartered in Boston, is a leading provider of high-reliability interconnect and cable assemblies primarily serving the defense market.

The target company is projected to generate $290 million in sales with 26% EBITDA margins in 2025. The acquisition will be integrated into Amphenol's Harsh Environment Solutions segment and is expected to be accretive to earnings in the first year post-closing. The transaction, financed with cash on hand, is anticipated to close in Q4 2025, subject to regulatory approvals.

CommScope (NASDAQ: COMM) reported strong Q2 2025 results with net sales of $1.39 billion, up 31.7% year-over-year. The company achieved GAAP income from continuing operations of $29.4 million and non-GAAP adjusted EBITDA of $337.8 million, marking a 79% increase from the previous year.

In a transformational deal, CommScope announced the sale of its CCS segment to Amphenol (NYSE: APH) for approximately $10.5 billion in cash, expected to close in H1 2026. The company plans to use proceeds to repay all existing debt, redeem preferred equity, and distribute excess cash to shareholders as a dividend within 60-90 days post-closing.

Given strong performance, CommScope raised its 2025 adjusted EBITDA guidance to $1.15-1.20 billion. The remaining businesses, ANS and RUCKUS, generated trailing twelve-month adjusted EBITDA of $300 million on net sales of $1.7 billion.

Amphenol Corporation (NYSE: APH) has announced a definitive agreement to acquire CommScope's Connectivity and Cable Solutions (CCS) business for $10.5 billion in cash. The CCS business is projected to generate sales of $3.6 billion with 26% EBITDA margins in 2025.

The acquisition significantly expands Amphenol's presence in three key markets: IT datacom (particularly fiber optic interconnect for AI and data centers), communications networks, and industrial building infrastructure. The deal will integrate CCS's 15,000+ employees and their extensive IP portfolio into Amphenol's operations.

The transaction, expected to close in first half of 2026, will be financed through cash and debt, with committed financing from J.P. Morgan Securities, BNP Paribas, and Mizuho Bank. The acquisition is expected to be accretive to Amphenol's Diluted EPS in the first full year post-closing.

CommScope (NASDAQ: COMM) has announced a transformative deal to sell its Connectivity and Cable Solutions (CCS) segment to Amphenol Corporation (NYSE: APH) for $10.5 billion in cash. The transaction is expected to close in the first half of 2026, subject to regulatory approvals and shareholder vote.

The Company anticipates net proceeds of approximately $10 billion after taxes and expenses. CommScope plans to repay all debt, redeem preferred equity held by Carlyle, and distribute significant excess cash to shareholders as a dividend within 60-90 days post-closing. The remaining business will focus on ANS and RUCKUS segments, continuing to develop next-generation network connectivity solutions.

Amphenol (NYSE: APH) has declared its third quarter 2025 dividend of $0.165 per share. The dividend will be paid on October 8, 2025 to shareholders of record as of September 16, 2025. The announcement follows the Board of Directors' approval at their meeting on July 30, 2025.