Earnings Review · 06 August 2026
Amphenol Beat the Quarter, and Still Fails Our Ethical Screen. Here’s Why We Pass.
The print
Revenue n/a. EPS $1.35 vs $1.19 expected.
Give the business its due
The business itself is genuinely strong: revenue growing about 55%, net margins near 18%, a moderate competitive moat.
The valuation lens
Our framework labels the valuation MODERATE. Fair value lands near $183 against a $172 share price, a margin of safety of about 6%. The trailing multiple sits around 43 times earnings, which only makes sense if the growth holds.
The ethical lens, our differentiator
The two standards split: it clears the faith-based (AAOIFI) screen but not our broader anchor screen. We default to protection and do not call it compliant on a divergence.
The compliant alternative
If the theme is what draws you, TE Connectivity (TEL) sits in the same industry (Electronic Components) and clears our principled screen, the place to look instead of chasing a name that does not.
The verdict for a values-conscious investor
A beat-and-raise does not change the screen. This is a great company you can admire without owning, protection first. We do not confuse a strong quarter with a suitable holding.
This is analysis, not financial advice. Always manage your risk.