Amphenol Corporation (NYSE: APH): Corporate Profile & Financials
By Raveendran | Updated on: October 26, 2026
Source: Form 10-K Annual Report For the Fiscal Year Ended December 31, 2025
Note: A full listing of subsidiaries is filed with the SEC as Exhibit 21.1 (“Subsidiaries of the Company”).
Manufacturing facility distribution by reportable segment:
Subsequent Event Investment: On January 9, 2026, the Company completed the acquisition of CommScope for an aggregate cash purchase price of approximately $10,500.0 million ($10.5 billion).
Subsequent Disclosure: As of January 31, 2026, the total number of shares outstanding of Class A Common Stock was 1,229,214,930.
Metrics for FY 2026
Sales / Revenue$23,094.70 M
Operating Profit$5,868.60 M
Net Profit$4,305.30 M
Total Assets$36,236.90 M
Debt / Liabilities$22,727.20 M
CF Operations$5,374.70 M
Free Cash Flow$4,378.10 M
ROCE19.94 %
Return on Equity (ROE)11.88 %
Return on Assets (ROA)11.88 %
Asset Turnover0.64x
Net Profit Margin18.64 %
Operating Margin25.41 %
Current Ratio2.98
Debt to Equity0.63
Quick Facts / Company Snapshot
| Company Name | Amphenol Corporation |
|---|---|
| Headquarters | 358 Hall Avenue, Wallingford, Connecticut 06492 |
| Country of Incorporation | Delaware |
| Founded | 1932 (Predecessor businesses); 1986 (Incorporated) |
| What the Company Does | Designs, manufactures, and markets electrical, electronic, and fiber optic connectors and interconnect systems, antennas, sensors, sensor-based products, and coaxial, high-speed, fiber optic, and specialty cable. |
| Exchange and Ticker | New York Stock Exchange: APH |
| Business Segments | Communications Solutions, Harsh Environment Solutions, Interconnect and Sensor Systems |
| Products & Services | Connectors, connector systems, fiber optic interconnect products, high-speed interconnect products, radio frequency products, cable assemblies, harnesses, antennas, coaxial/power/specialty cable, busbars, power distribution systems, and force, gas, moisture, level, position, pressure, temperature, and vibration sensors. |
| Employees | Approximately 170,000 worldwide (approx. 15,000 in the U.S.) |
| Countries & Regions Served | Approximately 40 countries around the world |
| CEO & Board Chairperson | R. Adam Norwitt (President and CEO); Martin H. Loeffler (Chairman of the Board) |
| Annual Revenue | $23,094.7 million +51.7% |
| Operating Income | $5,868.6 million +85.9% |
| Net Income | $4,270.3 million +76.2% |
| Total Assets | $36,236.9 million |
| Total Liabilities | $22,727.2 million |
Company Overview
Amphenol Corporation is one of the world’s largest designers, manufacturers, and marketers of electrical, electronic, and fiber optic connectors and interconnect systems, antennas, sensors and sensor-based products, and coaxial, high-speed, fiber optic, and specialty cable. Predecessor businesses of the Company were founded in 1932, and the Company was incorporated under the laws of the State of Delaware in 1986. The Company’s Class A Common Stock began trading on the New York Stock Exchange in 1991 under the ticker symbol APH. The Company serves thousands of original equipment manufacturers (OEMs) across a diversified set of end markets, including automotive, commercial aerospace, communications networks, defense, industrial, information technology and data communications, and mobile devices. Products are also sold to electronic manufacturing services (EMS) companies, original design manufacturers (ODMs), and service providers, including telecommunications network service providers and web service providers. No single customer accounted for 10% or more of the Company’s net sales during the years ended December 31, 2025, 2024, and 2023. The Company sells its products through its own global sales force, independent representatives, and a global network of electronics distributors. The Company’s operational alignment is structured into three reportable business segments: Communications Solutions, Harsh Environment Solutions, and Interconnect and Sensor Systems. This alignment reinforces an entrepreneurial culture and enables clear accountability across business unit general managers while supporting operational scalability. The Company manufactures and assembles its products at facilities located in approximately 40 countries around the world, employing approximately 170,000 personnel globally as of December 31, 2025.Business Segments
The Company’s operations are organized into three reportable business segments:Communications Solutions
The Communications Solutions segment designs, manufactures, and markets a broad range of connector and interconnect systems, including high-speed, radio frequency, power, fiber optic, and other interconnect products; coaxial, fiber optic, power, and high-speed cable; antennas; and other products such as hinges and production-related items. In 2025, this segment accounted for approximately 52% of the Company’s net sales. Products serve the automotive, commercial aerospace, communications networks, defense, industrial, information technology and data communications, and mobile devices end markets.Harsh Environment Solutions
The Harsh Environment Solutions segment designs, manufactures, and markets a broad range of ruggedized interconnect products, including connectors and interconnect systems, harsh environment data, power, fiber optic, and radio frequency interconnect products, backplane interconnect systems, cable assemblies, harnesses, cable management products, coaxial and specialty cable, and flexible and rigid printed circuit boards. In 2025, this segment accounted for approximately 26% of the Company’s net sales. Products serve the automotive, commercial aerospace, communications networks, defense, industrial, and information technology and data communications end markets.Interconnect and Sensor Systems
The Interconnect and Sensor Systems segment designs, manufactures, and markets a broad range of sensors, sensor-based systems, connectors, busbars and power distribution systems, power interconnect products, backplane interconnect systems, and cable assemblies and harnesses. Key sensor offerings include force, gas and moisture, level, position, pressure, temperature, and vibration sensing systems. In 2025, this segment accounted for approximately 22% of the Company’s net sales. Products serve the automotive, commercial aerospace, communications networks, defense, industrial, and information technology and data communications end markets.History and Evolution
Certain predecessor businesses of the Company were founded in 1932. The Company was subsequently incorporated under the laws of the State of Delaware in 1986, and its Class A Common Stock commenced trading on the New York Stock Exchange in 1991 under the symbol APH. Over the decades, Amphenol has expanded its product portfolio and geographic presence organically and through strategic acquisitions. Recent acquisition activity includes major transactions designed to expand technological capabilities and product offerings. On January 31, 2025, the Company completed the acquisition of the Outdoor Wireless Networks segment and Distributed Antenna Systems business (collectively, “Andrew”) from Vistance Networks, Inc. (formerly known as CommScope Holding Company, Inc.). On January 9, 2026, the Company completed the acquisition of Vistance’s Connectivity and Cable Solutions business (“CommScope”) for an aggregate purchase price of approximately $10.5 billion, representing the largest acquisition in the Company’s history. In 2025, the Company invested approximately $3.8 billion to fund five acquisitions, and in 2024, the Company invested approximately $2.2 billion to fund two acquisitions, including the acquisition of Carlisle Interconnect Technologies (CIT) in May 2024.Products and Services
Amphenol designs, manufactures, and markets an extensive array of high-technology electronic components. Its core offerings are grouped into several primary categories:- Connectors and Interconnect Systems: High-speed, radio frequency (RF), power, fiber optic, and harsh environment connectors, busbars, power distribution systems, and backplane interconnect systems.
- Value-Add Products: Cable assemblies, harnesses, and cable management products.
- Antennas: Consumer device antennas and network infrastructure antennas.
- Cable: Coaxial, fiber optic, power, and specialty cable.
- Sensors and Sensor-Based Products: Force, gas and moisture, level, position, pressure, temperature, and vibration sensors.
- Other Products: Flexible and rigid printed circuit boards, hinges, and other mechanical and production-related products.
Brand Portfolio
The Company owns and utilizes a portfolio of trademarks, patents, and trade names that relate principally to mechanical, electrical, radio frequency, optical, and electronic features of its interconnect, antenna, and sensor products. The source filing highlights major acquired business lines and product designations—such as Andrew, Trexon, and Carlisle Interconnect Technologies (CIT)—as part of its strategic portfolio expansion, alongside the overarching corporate identity and brand designation of Amphenol.Geographical Presence
Amphenol operates globally, with manufacturing, engineering, sales, and service facilities located in approximately 40 countries. During 2025, non-U.S. markets constituted approximately 65% of the Company’s net sales, with China representing approximately 16% of net sales. The Company employed approximately 170,000 employees worldwide as of December 31, 2025, of which approximately 15,000 were located in the United States and approximately 90% were located outside the United States. As 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 (compared to approximately 73% and 29%, respectively, in 2024). The Company operated approximately 350 manufacturing facilities comprising approximately 35 million square feet, of which approximately 26 million square feet were leased. Manufacturing facilities located in the U.S. comprised approximately 6 million square feet (approx. 3 million leased), while international facilities comprised approximately 29 million square feet (approx. 23 million leased).Competitor Analysis
Amphenol encounters competition in all areas of its business and competes primarily on the basis of technology innovation, product quality and performance, price, customer service, and delivery time. Primary competitors identified by the Company include Aptiv, Belden, Corning, Foxconn Interconnect Technology, Glenair, HUBER+SUHNER, ICT Luxshare, Jonhon, Molex, Rosenberger, Sensata, TE Connectivity, and Yazaki, in addition to a large number of smaller companies competing in specific geographies, markets, or product lines.Operating Performance and Business Drivers
For the year ended December 31, 2025, net sales reached $23,094.7 million, representing an increase of 52% in U.S. dollars, 51% in constant currencies, and 38% organically compared to 2024. Operating income for 2025 was $5,868.6 million, or 25.4% of net sales, compared to $3,156.9 million, or 20.7% of net sales, in 2024. Net income attributable to Amphenol Corporation was $4,270.3 million, or $3.34 per diluted share, in 2025, compared to $2,424.0 million, or $1.92 per diluted share, in 2024. The strong performance in 2025 was driven by robust organic growth in the Communications Solutions segment and strong organic growth in the Harsh Environment Solutions and Interconnect and Sensor Systems segments, alongside contributions from the Company’s acquisition program. From an end-market perspective, growth was propelled by robust organic expansion in the information technology and data communications (IT datacom) market—fueled by continued acceleration and strong demand for products supporting artificial intelligence (AI) applications—alongside strong growth in defense, industrial, communications networks, and commercial aerospace markets, and moderate growth in automotive and mobile devices.Board of Directors and Executive Leadership
The executive officers and directors heading Amphenol Corporation include:- R. Adam Norwitt — President, Chief Executive Officer, and Director
- Craig A. Lampo — Executive Vice President and Chief Financial Officer
- Michael R. Ivas — Senior Vice President and Corporate Controller
- Martin H. Loeffler — Chairman of the Board of Directors
- David P. Falck — Presiding Director
- Nancy A. Altobello — Director
- Rita S. Lane — Director
- Robert A. Livingston — Director
- Prahlad Singh — Director
- Anne Clarke Wolff — Director
Future Strategy and Business Priorities
The Company’s overarching strategy is to provide customers with comprehensive design capabilities, a broad selection of products, and high levels of quality and service globally, while maintaining disciplined programs of productivity improvement and cost control. Strategic priorities include:- Pursuing broad market diversification across customers, applications, and products.
- Developing high-technology, performance-enhancing solutions in radio frequency, power, harsh environment, high-speed, fiber optics, antennas, and sensors.
- Expanding and shifting global manufacturing, engineering, and service footprints to align with customer needs and cost structures.
- Maintaining rigorous cost control and asset management disciplines.
- Pursuing strategic acquisitions of high-potential companies that complement existing product lines and technologies.
- Fostering a collaborative, entrepreneurial management culture across operating units.
Key Strengths
The Company’s disclosed strengths include:A broad and balanced global presence spanning approximately 40 countries, providing operational resilience and proximity to multinational customers.
An entrepreneurial, decentralized management structure enabling agility and direct business accountability across more than 140 general managers.
A comprehensive technological portfolio focused on high-performance interconnect, antenna, and sensor systems aligned with secular growth trends such as AI and electrification.
A proven track record of successfully identifying, acquiring, and integrating complementary businesses.
Key Challenges and Risks
The Company’s business is subject to various risks and uncertainties as disclosed in its risk factors, including:- Exposure to political, economic, military, and regulatory risks related to operating outside the United States, including tariffs, trade policies, and foreign currency exchange rate volatility.
- Risks of supply chain disruptions, availability constraints, and cost inflation regarding raw materials and components such as precious metals, copper, and plastics.
- Cybersecurity threats and compliance with evolving global data privacy and security regulations.
- Cyclicality and potential rapid periods of reduced demand in served end markets.
- Integration complexities, liabilities, and unanticipated expenses associated with recent and future acquisitions, including the large-scale acquisition of CommScope.
- Substantial increases in debt and interest expense resulting from debt-financed acquisitions.
- Complex government contracting regulations, export controls, economic sanctions, and anti-corruption laws.
- Potential tax audit challenges and changes in international tax frameworks such as Pillar Two.
Conclusion and Strategic Outlook
Amphenol Corporation enters future operating periods with a resilient, decentralized operating model and a comprehensive portfolio of high-technology interconnect, antenna, and sensor products. Supported by robust demand in secular growth markets such as artificial intelligence and advanced communications, alongside disciplined cost management and an active acquisition strategy, the Company remains positioned to serve its global customer base while navigating international and macroeconomic complexities.Official Site
Official Amphenol Corporation WebsiteFinancial Statements
Disclaimer: Unless otherwise indicated, all financial statement values and supporting disclosures below are reported in millions of U.S. dollars, except share and per share data, or as specifically noted. The reporting periods presented are for the fiscal years ended December 31, 2025 and December 31, 2024.Consolidated Statements of Income
| Line Item | Year Ended December 31, 2025 | Year Ended December 31, 2024 | YoY Growth (%) |
|---|---|---|---|
| Net sales | 23,094.7 | 15,222.7 | +51.71% |
| Cost of sales | 14,577.0 | 10,083.0 | +44.57% |
| Gross profit | 8,517.7 | 5,139.7 | +65.72% |
| Acquisition-related expenses | 103.4 | 127.4 | -18.84% |
| Selling, general and administrative expenses | 2,545.7 | 1,855.4 | +37.20% |
| Operating income | 5,868.6 | 3,156.9 | +85.90% |
| Interest expense | (367.8) | (217.0) | +69.49% |
| Gain on bargain purchase acquisition | — | — | – |
| Other income (expense), net | 99.9 | 72.0 | +38.75% |
| Income before income taxes | 5,600.7 | 3,011.9 | +85.95% |
| Provision for income taxes | (1,295.4) | (570.3) | +127.14% |
| Net income | 4,305.3 | 2,441.6 | +76.33% |
| Less: Net income attributable to noncontrolling interests | (35.0) | (17.6) | +98.86% |
| Net income attributable to Amphenol Corporation | 4,270.3 | 2,424.0 | +76.17% |
| Net income attributable to Amphenol Corporation per common share — Basic | 3.51 | 2.01 | +74.63% |
| Weighted average common shares outstanding — Basic | 1,218.2 | 1,203.8 | +1.20% |
| Net income attributable to Amphenol Corporation per common share — Diluted | 3.34 | 1.92 | +73.96% |
| Weighted average common shares outstanding — Diluted | 1,277.5 | 1,263.6 | +1.10% |
| Dividends declared per common share | 0.745 | 0.55 | +35.45% |
Consolidated Balance Sheets
| Line Item | As of December 31, 2025 | As of December 31, 2024 | YoY Growth (%) |
|---|---|---|---|
| ASSETS | – | ||
| Cash and cash equivalents | 11,130.6 | 3,317.0 | +235.56% |
| Short-term investments | 303.6 | 18.4 | +1550.00% |
| Total cash, cash equivalents and short-term investments | 11,434.2 | 3,335.4 | +242.81% |
| Accounts receivable, less allowance for doubtful accounts of $99.3 and $66.5, respectively | 4,717.1 | 3,287.9 | +43.47% |
| Inventories | 3,424.9 | 2,545.7 | +34.54% |
| Prepaid expenses and other current assets | 691.0 | 517.0 | +33.66% |
| Total current assets | 20,267.2 | 9,686.0 | +109.24% |
| Property, plant and equipment, net | 2,305.6 | 1,711.8 | +34.69% |
| Goodwill | 10,575.4 | 8,236.2 | +28.40% |
| Other intangible assets, net | 2,241.4 | 1,225.1 | +82.96% |
| Other long-term assets | 847.3 | 581.1 | +45.81% |
| Total Assets | 36,236.9 | 21,440.2 | +69.01% |
| LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY | – | ||
| Accounts payable | 2,661.9 | 1,819.4 | +46.31% |
| Accrued salaries, wages and employee benefits | 767.7 | 529.8 | +44.90% |
| Accrued income taxes | 482.9 | 199.0 | +142.66% |
| Accrued dividends | 306.7 | 199.5 | +53.73% |
| Other accrued expenses | 1,646.4 | 934.4 | +76.20% |
| Current portion of long-term debt | 937.2 | 401.7 | +133.31% |
| Total current liabilities | 6,802.8 | 4,083.8 | +66.58% |
| Long-term debt, less current portion | 14,564.8 | 6,484.4 | +124.61% |
| Accrued pension and postretirement benefit obligations | 138.2 | 129.8 | +6.47% |
| Deferred income taxes | 432.9 | 376.7 | +14.92% |
| Other long-term liabilities | 788.5 | 509.4 | +54.79% |
| Total Liabilities | 22,727.2 | 11,584.1 | +96.19% |
| Redeemable noncontrolling interests | 9.3 | 8.7 | +6.90% |
| Class A Common Stock, $0.001 par value; 5,000.0 shares authorized, 1,228.9 shares issued and 1,226.6 shares outstanding at December 31, 2025; 2,000.0 shares authorized, 1,212.9 shares issued and 1,209.3 shares outstanding at December 31, 2024 | 1.2 | 1.2 | 0.00% |
| Additional paid-in capital | 4,232.9 | 3,601.8 | +17.52% |
| Retained earnings | 9,854.3 | 7,105.0 | +38.70% |
| Treasury stock, at cost; 2.4 shares and 3.6 shares as of December 31, 2025 and 2024, respectively | (195.8) | (199.7) | -1.95% |
| Accumulated other comprehensive loss | (479.5) | (716.3) | -33.06% |
| Total stockholders’ equity attributable to Amphenol Corporation | 13,413.1 | 9,792.0 | +36.98% |
| Noncontrolling interests | 87.3 | 55.4 | +57.58% |
| Total Equity | 13,500.4 | 9,847.4 | +37.10% |
| Total Liabilities, Redeemable Noncontrolling Interests and Equity | 36,236.9 | 21,440.2 | +69.01% |
Consolidated Statements of Cash Flow
| Line Item | Year Ended December 31, 2025 | Year Ended December 31, 2024 | YoY Growth (%) |
|---|---|---|---|
| Cash from operating activities: | – | ||
| Net income | 4,305.3 | 2,441.6 | +76.33% |
| Depreciation and amortization | 922.4 | 572.5 | +61.12% |
| Stock-based compensation expense | 135.4 | 109.5 | +23.65% |
| Deferred income tax benefit | (65.6) | (82.8) | -20.77% |
| Gain on bargain purchase acquisition | — | — | – |
| Accounts receivable, net | (964.4) | (586.8) | +64.35% |
| Inventories | (487.4) | (200.1) | +143.58% |
| Prepaid expenses and other current assets | (150.7) | (106.8) | +41.10% |
| Accounts payable | 554.1 | 423.1 | +30.96% |
| Accrued income taxes | 276.9 | 3.1 | +8832.26% |
| Other accrued liabilities | 739.2 | 257.0 | +187.63% |
| Accrued pension and postretirement benefits | 0.1 | (2.4) | N/M |
| Other long-term assets and liabilities | 109.4 | (13.2) | N/M |
| Net cash provided by operating activities | 5,374.7 | 2,814.7 | +90.95% |
| Cash from investing activities: | – | ||
| Capital expenditures | (996.6) | (665.4) | +49.77% |
| Proceeds from disposals of property, plant and equipment | 14.8 | 7.8 | +89.74% |
| Purchases of investments | (309.3) | (26.2) | +1080.53% |
| Sales and maturities of investments | 27.6 | 189.7 | -85.45% |
| Acquisitions, net of cash acquired | (3,818.6) | (2,156.4) | +77.08% |
| Other, net | — | 1.9 | – |
| Net cash used in investing activities | (5,082.1) | (2,648.6) | +91.88% |
| Cash from financing activities: | – | ||
| Proceeds from issuance of senior notes and other long-term debt | 8,921.7 | 2,991.3 | +198.25% |
| Repayments of senior notes and other long-term debt | (401.7) | (364.4) | +10.24% |
| (Repayments) borrowings under commercial paper programs, net | — | — | – |
| Payment of costs related to debt financing | (89.1) | (28.4) | +213.73% |
| Payment of deferred purchase price related to acquisitions | — | — | – |
| Purchase of treasury stock | (665.2) | (689.3) | -3.50% |
| Proceeds from exercise of stock options | 553.0 | 447.4 | +23.60% |
| Distributions to and purchases of noncontrolling interests | (5.8) | (33.0) | -82.42% |
| Dividend payments | (802.2) | (595.1) | +34.80% |
| Treasury lock settlement | (88.0) | — | – |
| Other, net | 0.5 | 1.4 | -64.29% |
| Net cash provided by (used in) financing activities | 7,423.2 | 1,729.9 | +329.11% |
| Effect of exchange rate changes on cash and cash equivalents | 97.8 | (54.0) | N/M |
| Net increase in cash and cash equivalents | 7,813.6 | 1,842.0 | +324.19% |
| Cash and cash equivalents balance, beginning of year | 3,317.0 | 1,475.0 | +124.88% |
| Cash and cash equivalents balance, end of year | 11,130.6 | 3,317.0 | +235.56% |
Subsidiaries & Joint Ventures
The following significant subsidiaries, acquired entities, and business units were explicitly disclosed in the filing:| Entity / Business Unit Name | Country or Jurisdiction | Relationship to Reporting Company | Disclosed Ownership Interest |
|---|---|---|---|
| Amphenol Technologies Holding GmbH | Germany / Europe | Wholly owned European subsidiary (Euro Issuer) | 100% |
| Outdoor Wireless Networks segment (“OWN”) and Distributed Antenna Systems (“DAS”) business (collectively, “Andrew”) | Global | Acquired Business Unit (Acquired January 31, 2025; included in Communications Solutions segment) | 100% |
| Trexon | United States / Global | Acquired Subsidiary (Acquired November 6, 2025; included in Harsh Environment Solutions segment) | 100% |
| Carlisle Interconnect Technologies (“CIT”) | United States / Global | Acquired Business / Subsidiary (Acquired May 21, 2024; included in Harsh Environment Solutions segment) | 100% |
| Connectivity and Cable Solutions Business (“CommScope”) | Global | Acquired Business (Acquired January 9, 2026; included in Communications Solutions segment) | 100% |
Other Investments & Holdings
The filing explicitly discloses the following holdings, interests, and short/long-term investments:| Investee / Investment Category | Nature of Interest | Carrying Value as of Dec 31, 2025 | Carrying Value as of Dec 31, 2024 |
|---|---|---|---|
| Short-term investments (Certificates of deposit) | Short-term bank deposits | $303.6 million | $18.4 million |
| Long-term investments (Certificates of deposit) | Long-term bank deposits (included in Other long-term assets) | $0.2 million | $0.3 million |
| Noncontrolling interests | Equity attributable to noncontrolling interest holders in consolidated entities | $87.3 million | $55.4 million |
| Redeemable noncontrolling interests | Temporary equity representing noncontrolling interest holders with put options | $9.3 million | $8.7 million |
Physical Properties
As of December 31, 2025, the Company operated approximately 350 manufacturing facilities comprising approximately 35 million square feet worldwide. The physical properties are categorized as follows:| Facility Location / Category | Operating Status | Ownership / Lease Status | Total Square Footage |
|---|---|---|---|
| United States Manufacturing Facilities | Operating | 3 million sq. ft. Leased / 3 million sq. ft. Owned | Approximately 6 million sq. ft. |
| Foreign (Outside U.S.) Manufacturing Facilities | Operating | 23 million sq. ft. Leased / 6 million sq. ft. Owned | Approximately 29 million sq. ft. |
| Total Manufacturing Facilities | Operating | 26 million sq. ft. Leased / 9 million sq. ft. Owned | Approximately 35 million sq. ft. |
- Communications Solutions Segment: Approximately 15 million square feet
- Harsh Environment Solutions Segment: Approximately 10 million square feet
- Interconnect and Sensor Systems Segment: Approximately 10 million square feet
Investments and Capital Expenditure
Summary of reported capital expenditures, research and development spending, and acquisition investments:| Category | Year Ended Dec 31, 2025 | Year Ended Dec 31, 2024 | Year Ended Dec 31, 2023 |
|---|---|---|---|
| Capital Expenditures (Cash paid for property, plant and equipment) | $996.6 million | $665.4 million | $372.8 million |
| Purchases of property, plant and equipment (Gross) | $1,040.3 million | $665.4 million | Not Disclosed |
| Capital Expenditures included in Accounts Payable | $207.0 million | $163.3 million | Not Disclosed |
| Proceeds from disposals of property, plant and equipment | $14.8 million | $7.8 million | $4.0 million |
| Research and Development Expenses | $647.0 million | $453.0 million | $342.2 million |
| Acquisitions, net of cash acquired | $3,818.6 million | $2,156.4 million | $970.4 million |
| Purchases of short-term and long-term investments | $309.3 million | $26.2 million | $305.7 million |
Share Capital and Outstanding Shares
Disclosures on authorized, issued, treasury, and outstanding Class A Common Stock ($0.001 par value per share):| Share Class / Item | As of / Year Ended Dec 31, 2025 | As of / Year Ended Dec 31, 2024 | As of / Year Ended Dec 31, 2023 |
|---|---|---|---|
| Authorized Common Shares | 5,000.0 million | 2,000.0 million | 2,000.0 million |
| Issued Common Shares | 1,228.9 million | 1,212.9 million | 1,201.3 million |
| Outstanding Common Shares | 1,226.6 million | 1,209.3 million | 1,197.8 million |
| Treasury Shares (Count) | 2.4 million | 3.6 million | 3.5 million |
| Treasury Stock (Carrying Value) | $(195.8) million | $(199.7) million | $(142.8) million |
| Weighted Average Shares — Basic | 1,218.2 million | 1,203.8 million | 1,193.0 million |
| Weighted Average Shares — Diluted | 1,277.5 million | 1,263.6 million | 1,241.2 million |
| Outstanding Stock Options (Count) | 88,821,121 | 105,704,191 | 120,780,324 |
| Weighted Average Option Exercise Price | $36.62 | $29.40 | $25.23 |
| Shares Available for Future Option Grants (2017 Option Plan) | 47,388,446 | Not Disclosed | Not Disclosed |
| Shares Available for Future Restricted Share Grants (2024 Directors Plan) | 461,640 | Not Disclosed | Not Disclosed |