Amphenol Management
Management criteria checks 2/4
Amphenol's CEO is Richard Norwitt, appointed in Jan 2007, has a tenure of 19.33 years. total yearly compensation is $22.35M, comprised of 7% salary and 93% bonuses, including company stock and options. directly owns 0.23% of the company’s shares, worth $387.12M. The average tenure of the management team and the board of directors is 11.1 years and 7.4 years respectively.
Key information
Richard Norwitt
Chief executive officer
US$22.4m
Total compensation
| CEO salary percentage | 7.00% |
| CEO tenure | 19.3yrs |
| CEO ownership | 0.2% |
| Management average tenure | 11.1yrs |
| Board average tenure | 7.4yrs |
Recent management updates
Recent updates
Seeking Alpha • May 02
Amphenol: Still On Fire, Starting To Look More Compelling
Summary Amphenol continues to deliver robust operational performance, with Q1 sales up 58% and organic growth at 33%, driven by strong M&A activity. Q2 guidance calls for 43-45% sales growth and $1.14–$1.16 adjusted EPS, reflecting continued momentum and successful integration of recent acquisitions. Net debt stands at $14.2 billion, but leverage remains well-controlled below 2x EBITDA, supported by strong earnings generation and disciplined capital allocation. Despite impressive growth and margin expansion, Amphenol trades at a low thirty times forward earnings, suggesting elevated expectations and a valuation that warrants caution. Read the full article on Seeking Alpha
Narrative Update • May 01
APH: AI Data Center Content And Buybacks Will Support Future Margins
Analysts have lifted the updated fair value estimate for Amphenol by about $9 to $178.39. This reflects revised assumptions for slightly higher profit margins, a modestly lower future P/E multiple, and recent shifts in Street price targets that include several upward revisions alongside a few trims.
New Narrative • Apr 26
Amphenol (APH): The Connectivity Engine of the AI Era Prepares for a Watershed Q1 Reveal
Amphenol (APH) , the global architect of the essential interconnect, sensor, and antenna systems that power the digital and industrial worlds, enters the weekend of Sunday, April 26, 2026 , in a state of formidable momentum. The company is set to release its Q1 2026 earnings report on Wednesday, April 29, 2026, before the market opens.
Narrative Update • Apr 16
APH: AI Connectivity And Hybrid Optics Outlook Will Likely Cap Near Term Upside
Narrative Update on Amphenol The analyst price target for Amphenol has been adjusted slightly higher to about $136 from $135, as analysts balance recent target cuts from UBS and Citi with prior target increases and updated views on growth, profitability, and P/E assumptions. Analyst Commentary Recent research on Amphenol reflects a mix of optimism and caution, with several firms adjusting targets and ratings as they reassess growth potential, execution risks, and how the stock is valued versus its peers.Narrative Update • Apr 01
APH: AI Connectivity And CommScope Deal Will Likely Restrain Further Upside
Analysts have raised their average price targets on Amphenol by a wide margin to a range of $155 to $185, citing stronger expectations for growth in data center AI connectivity, the planned $10.5b CommScope CCS acquisition, and a more constructive view on connector demand into 2026. Analyst Commentary Recent research has generally leaned supportive, with several large firms increasing price targets on Amphenol and maintaining positive ratings tied to data center AI exposure and the planned CommScope Connectivity and Cable Solutions acquisition.Narrative Update • Mar 18
APH: AI Data Center Content And CCS Acquisition Will Support Future Margins
Analysts now set a slightly adjusted price target for Amphenol, with modest tweaks to the discount rate and long-term P/E assumptions, at around $165. This target is supported by recent research citing AI data center content, the CommScope Connectivity and Cable Solutions acquisition, and clearer visibility on the copper versus optics roadmap as key drivers in their updated views.Narrative Update • Mar 04
APH: AI And CommScope CCS Integration Will Support Margins And Earnings Outperformance
Our updated analyst price target for Amphenol has moved from $148.60 to $169.44 as analysts factor in higher modeled revenue growth, a slightly richer future P/E multiple, and recent price target increases tied to the CommScope CCS acquisition and AI related content gains across end markets. Analyst Commentary Recent Street research on Amphenol has been active, with several firms adjusting their price targets and, in some cases, ratings.Narrative Update • Feb 18
APH: Future AI And Acquisition Hype Will Likely Cap Share Upside
Our analyst price target for Amphenol has been adjusted from $123.77 to $135.00, with analysts pointing to raised Street targets, support from data center AI exposure, and the planned CommScope Connectivity and Cable Solutions acquisition as key drivers behind the update. Analyst Commentary Recent Street research on Amphenol has leaned constructive, with several large firms lifting price targets and, in one case, moving the stock to an Overweight rating.
Narrative Update • Feb 04
APH: CCS Acquisition And AI Content Gains Will Drive Repricing
Analysts have lifted their price targets on Amphenol, supporting a fair value move from about $134 to roughly $205. They cite factors such as the CommScope Connectivity and Cable Solutions acquisition, expectations for stronger end demand into 2026, and higher assumed revenue growth, profit margins, and future P/E multiples in updated models.Narrative Update • Jan 21
APH: Future P E Compression Will Likely Cap Post Acquisition Share Upside
Analysts lifted their fair value estimate for Amphenol by about US$1.88 to US$123.77 as they factor in higher modeled revenue growth, slightly stronger profit margins, a modestly higher discount rate, and a lower future P/E. This reflects recent price target increases tied to the CommScope Connectivity and Cable Solutions acquisition and expected content gains across key end markets.Analysis Article • Jan 14
Bullish: Analysts Just Made A Decent Upgrade To Their Amphenol Corporation (NYSE:APH) Forecasts
Shareholders in Amphenol Corporation ( NYSE:APH ) may be thrilled to learn that the analysts have just delivered a...Narrative Update • Jan 07
APH: Elevated P E Profile Will Likely Constrain Future Share Returns
Narrative Update on Amphenol Analysts have lifted their blended price target on Amphenol by roughly US$32 to reflect updated models following a Q3 beat, higher FY25 revenue and EPS estimates, and expectations for faster sales growth, slightly stronger margins, and a richer future P/E profile. Analyst Commentary Recent research commentary on Amphenol has largely centered on the Q3 earnings beat, updated guidance, and refreshed models for FY25.Narrative Update • Dec 19
APH: AI Connectivity Demand Will Support Margins And Sustained Earnings Outperformance
The Analyst Price Target for Amphenol has inched higher to approximately $149 per share from about $148 per share, as analysts point to sustained earnings beats, improving margin outlooks and rising end market demand across autos, hyperscale data centers and broader connectivity applications. Analyst Commentary Bullish analysts have broadly raised their price targets on Amphenol following a string of earnings beats and constructive guidance, highlighting both cyclical recovery and structural growth drivers across key end markets.Narrative Update • Dec 05
APH: AI Connectivity And Auto Demand Will Support Margins Amid Balanced Outlook
Amphenol's fair value estimate edges up to approximately $148, compared with about $148 previously, as analysts lift price targets into the $139 to $163 range on the back of Q3 outperformance, increased FY25 revenue and EPS forecasts, and expectations for sustained growth and margin upside across automotive, hyperscaler, and AI driven connectivity markets. Analyst Commentary Street research remains broadly constructive on Amphenol, with a series of post Q3 price target hikes clustered in the high $130s to low $160s.Narrative Update • Nov 21
APH: Margin Upside And End Market Demand Will Drive Continued Outperformance
Amphenol's analyst price target has been raised to approximately $148 from $144. Analysts point to stronger-than-expected sales growth and improved end market dynamics following recent quarterly results.Narrative Update • Nov 07
APH: Recent Margin Gains And End Market Strength May Offset Integration Risks Ahead
Amphenol's analyst price target has increased from approximately $139 to $144 per share, with analysts highlighting stronger margins, accelerating sales growth, and a constructive outlook for key end markets as key drivers for the positive revision. Analyst Commentary Bullish Takeaways Bullish analysts highlight robust margin expansion and an improving sales growth outlook, which are contributing to upward revisions in price targets.Narrative Update • Oct 24
Accelerated Revenue Growth And Mergers Will Broaden Datacenter Connectivity Horizons
Amphenol's analyst price target has increased from $122.88 to $139.29, as analysts highlight stronger revenue growth prospects, higher profit margins, and improved end market trends that support the company's outlook. Analyst Commentary Recent updates from street research have revealed heightened confidence in Amphenol’s growth narrative, while also highlighting certain risks to monitor as the company advances its acquisition strategy and expands in key end markets.Narrative Update • Oct 09
AI-Driven Datacenters Will Expand IT Datacom Horizons
Amphenol's analyst price target has been raised from approximately $117 to $123 per share. This reflects analysts' increased confidence in the company's enhanced growth outlook and expected margin improvements, which are driven by recent acquisitions and continued strength in end markets.Analysis Article • Sep 27
We Ran A Stock Scan For Earnings Growth And Amphenol (NYSE:APH) Passed With Ease
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Sep 25
AI-Driven Datacenters Will Expand IT Datacom Horizons
Analysts have raised Amphenol’s price target to $117.44, citing strong AI-driven demand, accretive acquisitions, and resilient end-market diversification supporting robust earnings and margin growth. Analyst Commentary Bullish analysts highlight robust demand for connectivity solutions driven by AI applications and rising hyperscaler spending, supporting margin expansion across the connector space.Analysis Article • Sep 08
Why We Like The Returns At Amphenol (NYSE:APH)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Ideally, a business will...Narrative Update • Sep 04
AI-Driven Datacenters Will Expand IT Datacom Horizons
Analysts remain bullish on Amphenol due to accretive M&A activity, robust end-market diversification, and favorable industry trends, maintaining the consensus price target at $115.38. Analyst Commentary Bullish analysts highlight that the acquisitions of Trexon and CommScope's Connectivity & Cables Solutions business are expected to be earnings accretive, expand Amphenol's product offering—particularly in fiber optics and defense—and represent a high-return use of capital.Analysis Article • Aug 14
Is Amphenol (NYSE:APH) A Risky Investment?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Jul 29
Earnings Beat: Amphenol Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
A week ago, Amphenol Corporation ( NYSE:APH ) came out with a strong set of quarterly numbers that could potentially...Analysis Article • May 31
Estimating The Fair Value Of Amphenol Corporation (NYSE:APH)
Key Insights The projected fair value for Amphenol is US$82.07 based on 2 Stage Free Cash Flow to Equity With US$89.93...Seeking Alpha • Apr 24
Amphenol Q1 Earnings: No Slowdown Here Whatsoever
Summary Amphenol's Q1 results were exceptional, with earnings and revenues both growing far faster than expected. The company also offered Q2 guidance that was much higher than prior street estimates despite the unsettled macroeconomic picture. Amphenol has meaningful China exposure, and would also face downside if the AI spending boom slows. Amphenol's management team is running a fantastic operation. I'm tempted to upgrade to a buy but I can't quite get there on valuation yet. Read the full article on Seeking AlphaSeeking Alpha • Apr 01
Amphenol: The DNA Of A Quality Company
Summary Amphenol is a high-quality compounder with ~18% annual returns over 20 years, driven by earnings stability and strong diversification across industries and geographies. The company's decentralized leadership structure and acquisitive strategy enhance operating margins and shareholder value, despite exposure to cyclical industries like automotive and broader industrial markets. Amphenol's consistent free cash flow per share and shareholder yield, including dividends and buybacks, demonstrate financial health and flexibility, though debt levels should be monitored. Despite geopolitical risks from significant China revenue, Amphenol's stable margins, growth in electrification markets, and strategic acquisitions make it a solid hold, poised to outperform long-term. Read the full article on Seeking AlphaSeeking Alpha • Feb 12
Amphenol: Better Than Many AI-Related Investments, But Still Expensive
Summary Amphenol delivered tremendous Q4 results and similarly upbeat guidance heading into 2025. Shares pulled back despite the tremendous earnings report, potentially offering a buy-the-dip opportunity. I struggle to get comfortable with the starting 37x P/E ratio even while acknowledging the company's considerable strengths. However, for investors that really want exposure to the AI boom, Amphenol looks like a better option than many of the alternatives. Read the full article on Seeking AlphaCEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2026 | n/a | n/a | US$4b |
| Dec 31 2025 | US$22m | US$2m | US$4b |
| Sep 30 2025 | n/a | n/a | US$4b |
| Jun 30 2025 | n/a | n/a | US$3b |
| Mar 31 2025 | n/a | n/a | US$3b |
| Dec 31 2024 | US$17m | US$2m | US$2b |
| Sep 30 2024 | n/a | n/a | US$2b |
| Jun 30 2024 | n/a | n/a | US$2b |
| Mar 31 2024 | n/a | n/a | US$2b |
| Dec 31 2023 | US$11m | US$1m | US$2b |
| Sep 30 2023 | n/a | n/a | US$2b |
| Jun 30 2023 | n/a | n/a | US$2b |
| Mar 31 2023 | n/a | n/a | US$2b |
| Dec 31 2022 | US$14m | US$1m | US$2b |
| Sep 30 2022 | n/a | n/a | US$2b |
| Jun 30 2022 | n/a | n/a | US$2b |
| Mar 31 2022 | n/a | n/a | US$2b |
| Dec 31 2021 | US$13m | US$1m | US$2b |
| Sep 30 2021 | n/a | n/a | US$1b |
| Jun 30 2021 | n/a | n/a | US$1b |
| Mar 31 2021 | n/a | n/a | US$1b |
| Dec 31 2020 | US$8m | US$1m | US$1b |
| Sep 30 2020 | n/a | n/a | US$1b |
| Jun 30 2020 | n/a | n/a | US$1b |
| Mar 31 2020 | n/a | n/a | US$1b |
| Dec 31 2019 | US$7m | US$1m | US$1b |
Compensation vs Market: Richard's total compensation ($USD22.35M) is above average for companies of similar size in the US market ($USD14.67M).
Compensation vs Earnings: Richard's compensation has increased by more than 20% in the past year.
CEO
Richard Norwitt (55 yo)
19.3yrs
Tenure
US$22,351,288
Compensation
Mr. Richard Adam Norwitt, J.D. serves as Director at MTS Systems Corporation since April 7, 2021. He has been the Chief Executive Officer and President of Amphenol Corporation since January 1, 2009 and Jan...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 19.3yrs | US$22.35m | 0.23% $ 387.1m | |
| Executive VP & CFO | 10.8yrs | US$6.53m | 0.037% $ 63.7m | |
| President of Harsh Environment Solutions Division | 22.3yrs | US$5.83m | 0.029% $ 49.0m | |
| President of Communications Solutions Division | 8.3yrs | US$5.66m | no data | |
| President of the Interconnect & Sensor Systems Division | 2.3yrs | US$5.17m | no data | |
| SVP, Corporate Controller & Principal Accounting Officer | 11.3yrs | no data | 0.015% $ 25.6m | |
| Vice President of Strategy & Investor Relations | no data | no data | no data | |
| Executive VP | 10.3yrs | US$2.49m | 0.0082% $ 14.0m | |
| Vice President of Corporate Development | no data | no data | no data | |
| Executive Vice President of Human Resources | 12.3yrs | no data | 0.0022% $ 3.7m | |
| Vice President of Environmental | no data | no data | no data | |
| VP & Treasurer | no data | no data | no data |
11.1yrs
Average Tenure
55.5yo
Average Age
Experienced Management: APH's management team is seasoned and experienced (11.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 17.3yrs | US$22.35m | 0.23% $ 387.1m | |
| Independent Chairman | 38.4yrs | US$530.04k | 0.11% $ 184.9m | |
| Lead Independent Director | 13.3yrs | US$385.04k | 0.0075% $ 12.8m | |
| Independent Director | 4.8yrs | US$350.04k | 0.0015% $ 2.6m | |
| Independent Director | 7.4yrs | US$340.04k | 0.011% $ 19.1m | |
| Independent Director | less than a year | no data | 0.000040% $ 68.1k | |
| Independent Director | 5.8yrs | US$340.04k | 0.0020% $ 3.4m | |
| Independent Director | 3.3yrs | US$320.04k | 0.00092% $ 1.6m | |
| Independent Director | 8.2yrs | US$340.04k | 0.0032% $ 5.4m |
7.4yrs
Average Tenure
63yo
Average Age
Experienced Board: APH's board of directors are considered experienced (7.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/07 05:37 |
| End of Day Share Price | 2026/05/07 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Amphenol Corporation is covered by 35 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Luke Junk | Baird |
| Guy Hardwick | Barclays |
| Andrew Buscaglia | BNP Paribas |