APH
Amphenol Corporation
NYSE: APH · TECHNOLOGY · ELECTRONIC COMPONENTS
$153.80
+0.88% today
Updated 2026-06-12
Market cap
$182.57B
P/E ratio
42.52
P/S ratio
7.05x
EPS (TTM)
$3.49
Dividend yield
0.57%
52W range
$90 – $167
Volume
9.7M
Amphenol Corporation (APH) Financial Forecast & Price Target 2030
Research-backed projections from analyst consensus, management guidance, and sector analysis.
Research-backed APH price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.
Current price
$153.80
Today
Analyst consensus
$179.00
+16.38% · 12M
2030 Base
$207.95
+35.21% future
NPV today
$125.38
@ 12% WACC
24 analysts:
21 Buy2 Hold0 Sell
Management guidance
Management has not provided specific multi-year revenue targets through 2030. However, CEO guidance emphasizes sustained AI data center infrastructure tailwinds, with Q1 2026 record sales of $7.62B (+58% YoY) and optimistic FY2026 outlook. Company is guiding for significant acceleration in 2026 driven by hyperscaler capex for AI infrastructure, positioning Amphenol as a primary beneficiary of the AI datacenter build cycle extending through 2028-2030.
Sources: Management guidance, analyst consensus, sector analysishigh confidence
APH · Amphenol Corporation · Revenue & price projection · 2023–2030E
Actual / 2030 target Projected revenue Base case price Bull to bear range
Bear case (2030)
$143.16
NPV today: $86.32
Base case (2030)
$207.95
NPV today: $125.38
Bull case (2030)
$402.30
NPV today: $242.56
WallStSmart.com
APH financial forecast · Research-backed projections
| Metric | 2025 | 2026 (E) | 2027 (E) | 2028 (E) | 2029 (E) | 2030 (E) ★ |
|---|---|---|---|---|---|---|
| Revenue | $23.1B | $36.8B | $45.2B | $56.4B | $67.8B | $80.1B |
| Revenue growth | 51.7% | 59.4% | 22.8% | 24.8% | 20.2% | 18.1% |
| Net margin | — | 17.1% | 17.6% | 17.7% | 17.8% | 17.8% |
| EPS | $3.39 | $5.10 | $6.45 | $8.10 | $9.75 | $11.50 |
| Diluted shares | — | 1231M | 1233M | 1234M | 1235M | 1236M |
| Net debt | — | $11.35B | $6.25B | $-114.85M | $-7.77B | $-16.80B |
| P/S multiple | — | 3.0x | 3.0x | 3.0x | 3.0x | 3.0x |
| Implied price (base) | — | $80.43 | $104.93 | $137.22 | $170.96 | $207.95 |
★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.
Scenario detail · Three drivers, three outcomes
| 2030E driver | Bear | Base | Bull |
|---|---|---|---|
| Revenue | $80.1B | $80.1B | $80.1B |
| P/S multiple | 2.0x | 3.0x | 6.0x |
| Diluted shares | 1236M | 1236M | 1236M |
| Net debt | $-16.80B | $-16.80B | $-16.80B |
| Implied P/E † | 12x | 18x | 35x |
| 2030 Price | $143.16 | $207.95 | $402.30 |
| NPV @ 12% | $86.32 | $125.38 | $242.56 |
† Implied P/E: Multiples remain elevated across all three scenarios because APH is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.
EV to per-share bridge · How we get to $207.95 base case
APH catalysts and risks
Growth catalysts
+ Sustained hyperscaler capex for AI data centers (Meta, Microsoft, Google, NVDA forecasted $60B-$150B+ annual spend through 2028)
+ Amphenol leadership in EBO (Expanded Beam Optical) standard for high-density AI connectivity (just joined multi-company consortium May 2026)
+ Cloud infrastructure & industrial IoT expansion as AI workloads proliferate across enterprise
+ High backlog conversion with record $7.62B Q1 2026 revenue demonstrating demand materialization
Key risks
- Valuation vulnerability: P/E 35.8x significantly elevated; stock down -19% YoY despite strong earnings growth
- Macro recession risk: economic slowdown could reduce enterprise capex for non-critical infrastructure
- AI capex concentration risk: 30-40% of growth dependent on 5-6 hyperscalers; diversification critical
- High leverage: Debt/Equity 1.34x limits financial flexibility; recent $1B+ senior notes offering signals refinancing needs
- Market saturation in mature segments: automotive & industrial growth deceleration if economy weakens
Methodology · Amphenol Corporation 2030 stock forecast model
Amphenol Corporation 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 24 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:
| 1. Share dilution | Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for APH by 2030) |
| 2. Net debt | EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-16.80B by 2030) |
| 3. Time value | NPV calculated using 12% WACC (CAPM: beta 1.297) |
| 4. Multiple framework | P/S compresses with scale: bear 2.0x / base 3.0x / bull 6.0x |
| 5. Scenario design | Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently |
WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 20, 2026.
APH price target FAQ
What is the APH price target for 2030?
WallStSmart's Amphenol Corporation 2030 base case is $207.95 per share, with a bull case of $402.30 and bear case of $143.16. The NPV of the base case discounted to today at 12% WACC is $125.38.
How is the Amphenol Corporation 2030 stock forecast calculated?
The APH 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.
Why does the APH price target account for dilution?
Amphenol Corporation is projected to grow diluted share count from 1230M to 1236M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.
What is the analyst consensus on APH stock?
24 analysts cover APH with an average 12-month price target of $179.00. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.