Amphenol posts strong Q2 growth led by AI demand and CCS acquisition, but valuation suggests hold.

Amphenol reported strong growth in Q2 FY2026, driven primarily by increased demand for AI-related products and the successful integration of its CCS acquisition. The IT Datacom segment, now representing 43% of sales, grew 63% organically year-over-year, fueled by AI products. While the CCS acquisition exceeded expectations, concerns remain about increased debt and the challenges of integration. Given its high valuation at 40 times trailing adjusted EPS, Amphenol is rated as a Hold until further earnings growth and integration progress are observed.

Amphenol trades at USD 81.93 on Pluang as of Oct 15, 2026 10:51 WIB, down 4.61% in one day. Its market cap stands at $211.80 billion with a dividend yield of 0.58%. The stock is near its 52-week high of $88.62, reflecting investor interest despite concerns about debt and integration challenges.