Amphenol Corporation (NYSE: APH) is a major producer of electronic and fiber optic connectors, cables, and interconnect systems. The company supplies essential components for various industries, including the growing AI sector. As highlighted by 247wallst.com, Amphenol provides the "picks and shovels" needed for building advanced AI infrastructure.
On August 17, 2026, Amphenol will have a 2-for-1 stock split. A stock split increases the number of a company's shares to make them more affordable for investors, without changing the company's total value. Shareholders will receive two shares for every one they currently own.
The Board of Directors approved the split on August 5, 2026. It will be issued as a stock dividend to shareholders of record by August 17, 2026. The distribution of the new shares is scheduled for September 2, 2026, as announced by the company and reported by Business Wire.
This corporate action follows a period of strong financial results. As noted by Zacks, Amphenol reported record second-quarter sales of $8.80 billion, a 55% increase year-over-year. This growth is fueled by accelerating demand for AI infrastructure and strong order activity. The company's adjusted earnings per share (EPS) was $1.35, beating estimates.
The Communications Solutions segment saw significant growth, with sales rising 85% to $5.38 billion. This increase is largely due to the CommScope CCS deal and strong customer demand for high-speed solutions. Following this performance, management raised its 2026 sales expectation for CommScope to $4.60 billion.
