ℹ️ How are these calculated?
🎯 Investment Thesis
Amphenol makes the high-speed connectors and cables that physically link everything in a data center — GPUs, switches, power systems. FY2025 revenue hit $23.1B with $4.3B net income and record AI-driven datacom bookings. All 5 major analysts rate Buy/Overweight with PTs of $174-185. More diversified than pure-play DC names with defense, auto, and industrial exposure. The "boring but reliable" AI infrastructure pick — and the data is proving it.
⚠️ Key Risk
14% below ATH ($167) with 28x forward PE — entry quality has improved from "4% below at 35x." Not a pure-play on AI — DC/datacom is growing but still a fraction of total revenue. Connector business has lower barriers than semiconductor companies. Leadership transition (combining Chairman/CEO roles) introduces execution uncertainty.
By The Numbers
Event Impact
High-speed connectors and cables for AI data centers. Also defense, auto, industrial. Diversified AI beneficiary.
Defense connector business benefits from military spending.
Precision connectors for quantum computing hardware.
Diversified global manufacturing. Some reshoring benefit.
Diversified international revenue benefits from weaker dollar. At 29x PE, moderate sensitivity. $5B debt manageable with $2.8B FCF.
High-power connectors used in grid infrastructure, EV charging, and renewable energy installations. Industrial segment serves utility customers.
Defense connector business tied to military spending. Government infrastructure projects. Diversified exposure across multiple fiscal vectors.
Price Targets
Upcoming Catalysts
Competitive Landscape
Company Background
Founded 1932. Originally made connectors for military applications. Now the world's 2nd largest connector company. Has made 50+ acquisitions to build a diversified electronics empire.