HIGHBuilt-inGeographic
65%
non-U.S. markets
“10-K Item 1A: 'non-U.S. markets constituted approximately 65% of the Company's net sales, with China constituting approximately 16% of the Company's net sales'”
APH · Concentration risk · 10-K extracted
Amphenol (APH) concentration risks
Updated
The most significant concentration Amphenol discloses is non-U.S. markets at 65%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
Show full disclosure ▾Hide full disclosure ▴
About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.
Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.
Conflicts and positions. The TrendMatrix editorial team frequently holds personal long-term positions in securities discussed. We disclose positions held at the time of publication on each piece. We maintain a trading-window policy: we do not initiate or close positions in the same direction as a TrendMatrix publication within 24 hours before or 72 hours after publication.
No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security. Our sole compensation is subscription revenue.
No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.
Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.
Source: Amphenol’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 4 disclosed concentrations
HIGH2
MEDIUM1
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single source of supply
“10-K Item 1A: 'In limited instances, we depend on a single source of supply ... and for some components, alternative sources may not exist'”
MEDIUMBuilt-inProduct / Revenue mix
36%
IT datacom market
“10-K Item 1: 'Sales into the IT datacom market represented approximately 36% of the Company’s net sales in 2025'”
LOWBuilt-inGeographic
16%
China
“10-K Item 1A: 'China constituting approximately 16% of the Company's net sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-06-24The company carries a multi-layered concentration profile with the largest exposure on the geographic side. Non-U.S. markets constituted approximately 65% of net sales in the most recent year, a high share that is structural in character — it reflects where the company's end-markets and customer base are situated globally. Within that, China specifically represented approximately 16% of net sales, a low-share sub-component of the broader international footprint that is also structural, though it introduces a country-specific regulatory and geopolitical lens. The IT datacom market represented approximately 36% of net sales, a medium-share product concentration that is structural by nature and tied to long-cycle demand trends in data infrastructure. While meaningful, this level of sector tilt is common among diversified connector businesses and reflects deliberate market positioning. The most idiosyncratic element of the profile is the supply-side dependency: the company acknowledges that in limited instances it depends on a single source of supply for certain components, and for some, alternative sources may not exist. This high-share supplier concentration is a dependency-character risk — unlike the geographic or product exposures, a disruption to a sole-source component supplier could compress margins or disrupt production without easy substitution. Taken together, the dominant risk channels are the international geographic tilt (including China), the datacom demand cycle, and — as the most idiosyncratic element — sole-source component availability.
For the engine’s reasoning on APH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Electronic Components
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CLS | Celestica, Inc. | 2 | 2 | 0 | 4 |
| APH● | Amphenol Corporation | 2 | 1 | 1 | 4 |
| BELFB | Bel Fuse Inc. | 2 | 1 | 0 | 3 |
| BHE | Benchmark Electronics, Inc. | 2 | 0 | 0 | 2 |
| FLEX | Flex Ltd. | 1 | 3 | 1 | 5 |
| BELFA | Bel Fuse Inc. | 0 | 2 | 0 | 2 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.