Amphenol reported a standout Q3 2025, delivering strong top-line growth, expanding margins, and robust cash flow. Revenue reached $6.194B, up 53.37% year over year and 9.63% quarter over quarter, while gross margin rose to approximately 38.1% and operating margin to about 27.5%, signaling favorable product mix and pricing power. Net income of $1.245B translated to EPS of roughly $1.02 (basic) and $0.97 (diluted), with year‑over‑year EPS growth of ~104%. The company generated solid cash flow with CFO per share of $1.204 and free cash flow per share of $0.993, supporting a modest payout ratio of 16.2% and a cash per share position of $3.18. Liquidity remains strong (current ratio 2.07) and leverage is manageable (debt ratio 0.297, interest coverage ~21x). The operating cash cycle extended modestly, with DSO of 66 days, DIO of 77 days, and a cash conversion cycle of 85.7 days, reflecting the working capital dynamics in a high-volume, multi-market business. From a strategic lens, Amphenol’s diverse end-market exposure (communications, harsh environment, interconnect and sensor systems) underpins earnings resilience, though valuations appear premium by traditional software/hardware benchmarks. Management commentary, when available, will be critical to confirming guidance and capital allocation plans going forward.