Amphenol (APH) 10-K Summaries & Annual Filing History
Review Amphenol Corporation (APH) 10-K filings from 2023 through the latest annual report, including business, financial performance, risks, and liquidity.
Key takeaway
Year ended Dec 31, 2025 · FY2025 10-K
The company designs and manufactures interconnect products. It reported strong financial results for the recent year, with revenue, operating income, net income, and operating cash flow all increasing compared to the prior period.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$23.1B
Revenue reported for the fiscal year.
Operating income
$5.9B
Income from operations reported for the year.
Net income
$4.3B
Net income reported for the year.
Operating cash flow
$5.4B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $12.6B | +16.1% |
| Dec 31, 2023 | $12.6B | -0.5% |
| Dec 31, 2024 | $15.2B | +21.3% |
| Dec 31, 2025 | $23.1B | +51.7% |
Business overview
The company operates in multiple segments, serving diverse markets and customers globally. It focuses on the design and manufacturing of electronic connectors and interconnect systems. Its strategy emphasizes innovation and operational efficiency.
Financial performance
Revenue grew notably from the prior year. Operating income and net income also rose, and operating cash flow remained substantial. The company's financial performance improved across key metrics.
Material risks
The company's debt agreements include financial covenants, such as a limit on debt relative to earnings. A breach of these covenants could trigger a default and materially harm the business. The company also faces general market and operational risks typical for its industry.
Liquidity and capital
The company maintains liquidity through a revolving credit facility and commercial paper programs. It must comply with certain financial covenants, which could be affected by factors outside its control.
What to watch
Monitor whether the company's debt-to-earnings ratio stays within the limit specified in its credit agreements.