Core Viewpoint - Amphenol (APH) reported record Q3 2025 revenue of $6.194 billion, up 53% year-over-year and 10% quarter-over-quarter, driven by growth in IT data communications, communication networks, commercial aerospace, defense, industrial markets, mobile devices, and automotive sectors [2][5][6] Financial Performance - Q3 2025 revenue reached $6.194 billion, exceeding market expectations, with an organic growth of 41% year-over-year and 9% quarter-over-quarter [2][5] - Adjusted operating profit margin was 27.5%, up 5.6 percentage points year-over-year and 1.9 percentage points quarter-over-quarter, attributed to strong operational leverage and improved profitability from acquisitions [2][6] - Adjusted EPS was $0.93, a year-over-year increase of 86%, while GAAP diluted EPS reached $0.97, up 102% [2][6] - EBITDA for the quarter was $2 billion, with a record order intake of $6.111 billion, reflecting strong downstream demand [2][8] Segment Performance - All three business segments reported significant year-over-year growth: Communication Solutions ($3.39 billion, +96%), Harsh Environment Solutions ($1.516 billion, +27%), and Interconnect and Sensor Systems ($1.369 billion, +18%) [3][6] - The Communication Solutions segment saw a remarkable increase driven by AI data center and communication network equipment demand [3][6] - The IT data communications market revenue grew 128% year-over-year, primarily due to accelerated demand for AI server-related high-speed interconnect and power connection products [7][12] Future Outlook - For Q4 2025, the company expects revenue between $6.0 billion and $6.1 billion, representing a year-over-year growth of 39% to 41% [4][11] - Full-year revenue is projected to be between $22.66 billion and $22.76 billion, indicating a year-over-year increase of 49% to 50% [4][11] - The defense market is expected to see single-digit growth, supported by acquisition effects and military demand, while the commercial aerospace market is also anticipated to grow [12][13] Acquisition Strategy - The company signed an agreement to acquire Trexon for approximately $1 billion, expected to close by the end of Q4 2025, which will enhance its capabilities in the defense market [10][39] - Amphenol completed the acquisition of Rochester Sensors, focusing on engineered level sensors for industrial markets, with annual sales of about $100 million [10][39] Cash Flow and Shareholder Returns - Operating cash flow for Q3 was $1.471 billion, representing 117% of net income, while free cash flow was $1.215 billion, or 97% of net income [8][9] - The company repurchased approximately 1.4 million shares and announced a 52% increase in quarterly dividends to $0.25 per share [2][8]