Amphenol initiates its second round of price increases in 2026, effective July 1st, with price adjustments ranging from 5% to 15%.

On May 28, 2026, Amphenol, a global leader in the connector industry, officially announced a second round of price increases, effective July 1, 2026. The price increases range from 5% to 15%, covering all core products across the automotive, communications, industrial, and data center sectors, making Amphenol the first international connector giant to initiate a second round of price adjustments in 2026.

I. Key Information Regarding This Round of Price Increases

According to Amphenol's official announcement, this round of price increases comes only 5 months after the first price adjustment at the beginning of the year, and the core terms are clear:

Effective Date: July 1, 2026

Scope of Price Adjustment: Focuses on key models such as the MS5015, DLADG, and 26482-1 series, comprehensively covering high-value-added product lines such as high-voltage products for new energy vehicles, high-speed AI servers, and industrial control.

Price Increase Amount: Regular product categories will see an increase of 5%-8%, while customized 224G high-speed and 800V high-voltage products will see increases of 10%-15%.

Core Reason: The letter clearly states that from November 2025 to May 2026, the prices of raw materials such as copper, gold, and silver continued to surge, coupled with rising labor and logistics costs. The first round of price increases could no longer cover cost pressures, and this second price adjustment is a "necessary measure to maintain product quality and normal operations."

II. Multiple Factors Driving Price Increases, Supply-Demand Imbalance Exacerbates Premiums

This round of price increases is the inevitable result of the combined effects of rigid costs, surging demand, and a reshaping of the industry landscape.

1. Soaring Raw Material Costs, Breaching Profit Margins: Copper accounts for 40%-60% of connector raw material costs. In 2026, LME copper prices are expected to exceed $11,000/ton, while domestic Shanghai copper prices are expected to stabilize at a high of 80,000 yuan/ton. Simultaneous price increases in precious metals such as gold and silver, as well as LCP high-performance plastics, directly squeeze corporate profit margins.

2. Explosive High-End Demand, Supply Falls Short of Capacity: The rapid penetration of 800V high-voltage platforms in new energy vehicles means that the value of connectors per vehicle is 3-5 times that of traditional fuel vehicles. The explosive demand for AI computing power has led to a surge in orders for 224G high-speed backplanes and liquid-cooled connectors. Major manufacturers' high-end production capacity is saturated, significantly increasing their bargaining power.

3. Industry Giants Dominate, Smooth Price Transmission: The global connector market is highly concentrated, with Amphenol, TE Connectivity, and Molex dominating the high-end market. Leveraging technological barriers and channel advantages, they possess strong cost-passing capabilities.

III. Industry-Wide Price Increases, Domestic Substitution Enters a Window of Opportunity: Amphenol's second price increase is not an isolated case; the industry has formed a pattern of "taking turns leading the price hike." TE Connectivity and Molex have signaled their intention to follow suit, and are expected to issue price adjustment notices within June. As of May 2026, over 50 domestic connector companies have simultaneously raised prices by 3%-12%, significantly increasing cost pressures on downstream supply chains such as wire harnesses, automotive electronics, and servers.

Industry analysts believe this round of price increases will accelerate industry consolidation: on the one hand, low-end small and medium-sized enterprises will face elimination due to cost pressures; on the other hand, leading domestic companies with technological and production capacity advantages (such as AVIC Optoelectronic, Luxshare Precision, and Tianhai Electronics) will have a window of opportunity for substitution, accelerating breakthroughs in areas such as 800V high voltage and 224G high speed, seizing market share from international giants.

IV. Downstream Impact and Market Outlook

In the short term, downstream industries such as automobiles, data centers, and industrial automation will face upward cost pressures, and some companies may hedge against risks by optimizing their supply chains and signing long-term contracts to lock in prices. In the long term, the price increase will drive a revaluation of the connector industry, further clarifying the trends of high-end and domestic production, and companies with core technologies and scale advantages will continue to benefit.

Amphenol's second round of price increases signifies that the global connector industry has entered a "high-cost, high-premium" development stage. The subsequent price trends and the progress of domestic substitution deserve continued market attention.