Amphenol
30 named things its latest annual report says its results depend on, each in the company's own words. 17 of them are also named by other companies we've read.
Customers
Automotive market
earns from · approximately 15% of the Company’s net salesSales into the automotive market represented approximately 15% of the Company’s net sales in 2025, with sales into the following primary end applications:Business (Item 1)
Industrial market
earns from · approximately 19% of the Company’s net salesSales into the industrial market represented approximately 19% of the Company’s net sales in 2025, with sales into the following primary end applications:Business (Item 1)
Also named by TXN
Defense market
earns from · approximately 9% of the Company’s net salesSales into the defense market represented approximately 9% of the Company’s net sales in 2025, with sales into the following primary end applications:Business (Item 1)
Also named by ATI
Information technology and data communications market
earns from · approximately 36% of the Company’s net salesSales into the IT datacom market represented approximately 36% of the Company’s net sales in 2025, with sales into the following primary end applications:Business (Item 1)
Communications networks market
earns from · approximately 10% of the Company’s net salesSales into the communications networks market represented approximately 10% of the Company’s net sales in 2025, with sales into the following primary end applications:Business (Item 1)
Electronics distributors
earns from · approximately 19% and 18% of the Company’s net salesThe Company’s sales to distributors represented approximately 19% and 18% of the Company’s net sales in 2025 and 2024, respectively.Business (Item 1)
Mobile devices market
earns from · approximately 6% of the Company’s net salesSales into the mobile devices market represented approximately 6% of the Company’s net sales in 2025, with sales into the following primary end applications:Business (Item 1)
Commercial aerospace market
earns from · approximately 5% of the Company’s net salesSales into the commercial aerospace market represented approximately 5% of the Company’s net sales in 2025, with sales into the following primary end applications:Business (Item 1)
U.S. government
earns fromnamed as a riskIn addition, U.S. government contracts are subject to modification, curtailment or termination by the U.S. government without prior written notice, either for convenience or for default as a result of our failure to perform under the applicable contract.Risk factors (Item 1A)
Also named by ADI, AIR, ASTS, ATI, AVAV, AWK, BA, BWXT and 46 more
Other companies
CommScope (Vistance Connectivity and Cable Solutions)
approximately $10.5 billionnamed as a riskAdditionally, on January 9, 2026, the Company completed the acquisition of Vistance’s Connectivity and Cable Solutions business (which we now refer to collectively as “CommScope”) for an aggregate purchase price of approximately $10.5 billion, which to date is the largest acquisition in the Company’s history.Business (Item 1)
Delayed Draw Term Loans
depends on · $1,534.1 million under eachnamed as a riskHowever, the Company borrowed $1,534.1 million under each of the Delayed Draw Term Loans in January 2026 to fund a portion of the consideration for the CommScope acquisition.Risk factors (Item 1A)
Andrew (Vistance OWN and DAS business)
On January 31, 2025, the Company completed the acquisition of the Outdoor Wireless Networks segment (“OWN”) and Distributed Antenna Systems (“DAS”) business (collectively, “Andrew”) from Vistance Networks, Inc. (“Vistance,” formerly known as CommScope Holding Company, Inc.).Business (Item 1)
Competitors
TE Connectivity
competes withPrimary competitors include Aptiv, Belden, Corning, Foxconn Interconnect Technology, Glenair, HUBER+SUHNER, ICT Luxshare, Jonhon, Molex, Rosenberger, Sensata, TE Connectivity and Yazaki, among others.Business (Item 1)
Places
China
earns from · approximately 16% of the Company’s net salesnamed as a riskDuring 2025, non-U.S. markets constituted approximately 65% of the Company’s net sales, with China constituting approximately 16% of the Company’s net sales.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
China
concentrated in · approximately 37% located in Chinanamed as a riskAs of December 31, 2025, approximately 79% of the Company’s long-lived assets were located outside of the United States, with approximately 37% located in China.Risk factors (Item 1A)
Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more
Commodities and inputs
Euro
exposed to its price · €500.0named as a riskOne of the Company’s wholly owned European subsidiaries (the “Euro Issuer”) has two outstanding unsecured senior notes issued in Europe (collectively, the “Existing Euro Notes”), each of which was issued with a principal amount of €500.0.Market risk (Item 7A)
Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more
SOFR
exposed to its price · compounded SOFR, plus 0.53%named as a riskThe Floating Rate Senior Notes bear interest at a floating rate per annum, reset quarterly, equal to compounded SOFR, plus 0.53%.Market risk (Item 7A)
Also named by AAP, AIOT, APG, ARES, AXON, BGC, BR, CCC and 82 more
Copper
exposed to its pricenamed as a riskThe Company purchases a wide variety of raw materials for the manufacture of its products, including (i) precious metals such as gold, silver and palladium, (ii) aluminum, steel, copper, titanium and metal alloy products, (iii) copper wire and optical fiber and (iv) plastic materials.Risk factors (Item 1A)
Also named by AAON, AGX, AMKR, APG, APLD, BMI, BWA, CARR and 58 more
Regulators
China tax authorities
subject to · $100.0 million to approximately $300.0 millionnamed as a riskThe $100.0 million charge represents the Company’s current best estimate of the costs that may be incurred to resolve this matter; however, the range of potential costs is estimated to be $100.0 million to approximately $300.0 million.Risk factors (Item 1A)
U.S. Bureau of Industry and Security (BIS)
subject tonamed as a riskFurther, in 2022, the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”) released new export control regulations that restrict the provision to China of certain technology, software, manufacturing equipment and commodities that are used to make certain advanced computing integrated circuits (“ICs”) and supercomputers.Risk factors (Item 1A)
Also named by AAOI, AMD, CRWV, EXTR, GLW, GTLB, LITE, MTSI and 5 more
Laws and programs
U.S. tariffs
subject tonamed as a riskThe U.S. continued to impose new tariffs on imports to the U.S. throughout 2025, and in response, several countries have imposed, or threatened to impose, reciprocal tariffs on imports from the U.S. and other retaliatory measures.Risk factors (Item 1A)
Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more
Foreign Corrupt Practices Act (FCPA)
subject tonamed as a riskAs part of our business, we deal with state-owned business enterprises, the employees and representatives of which may be considered foreign officials for purposes of the FCPA.Risk factors (Item 1A)
Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more
OECD Pillar Two global minimum tax
subject tonamed as a riskWhen and how this framework is adopted or enacted by the various countries in which we do business will increase tax complexity and may increase uncertainty and adversely affect our provision for income taxes in the U.S. and non-U.S. jurisdictions.Risk factors (Item 1A)
Also named by ABNB, ACN, ADI, ADM, ADSK, AKAM, ALB, AMAT and 70 more
International Traffic in Arms Regulations (ITAR)
subject tonamed as a riskThe U.S. laws and regulations to which we are subject include, but are not limited to, the Export Administration Regulations, the Federal Acquisition Regulation, the False Claims Act, International Traffic in Arms Regulations, regulations from the Bureau of Alcohol, Tobacco and Firearms and the FCPA.Risk factors (Item 1A)
Also named by ACHR, ADI, AIR, ALSN, AVAV, CDRE, CLS, COHR and 29 more
U.S. Entity List
subject tonamed as a riskFor example, in 2019, the U.S. government added certain companies based in China to the “Entity List” maintained by the U.S. Department of Commerce, which imposes additional restrictions on sales to such companies.Risk factors (Item 1A)
Preferential duty and tariff programs
subject tonamed as a riskFailure to comply with the terms of such programs could increase our manufacturing costs and adversely affect our business, operating results and financial condition.Risk factors (Item 1A)
China Unreliable Entity List
subject tonamed as a riskIn response to these regulations, the Chinese government has implemented its own set of import and export rules and regulations and added certain U.S.-based companies to the Chinese government’s “Unreliable Entity List”, which imposes additional restrictions on such companies.Risk factors (Item 1A)
Prioritizing the Warfighter in Defense Contracting executive order
subject tonamed as a riskFor example, under the executive order titled “Prioritizing the Warfighter in Defense Contracting” issued in January 2026, defense contractors designated as underperforming by the Secretary of War are prohibited from conducting stock buybacks and issuing dividends until their performance improves.Risk factors (Item 1A)