Amphenol Q2 Sales Surge 55%, Blow Past Estimates on IT Datacom Boom
APH sits 48% above its 52-week low of $102.76.
Summary
Amphenol crushed Q2 estimates with sales of $8.76B, 55% higher than a year ago and well above the $8.23B consensus. Adjusted EPS of $1.35 beat by $0.17, driven by strong organic growth in IT datacom and contributions from recent acquisitions. The company raised its full-year CommScope sales forecast to $4.6B with $0.30 accretion, and provided Q3 guidance for sales of $9.3B-$9.4B and adjusted EPS of $1.40-$1.42, both above Street expectations. The quarter included an $80M net benefit from IEEPA tariff recoveries. With 17 buy ratings and a median target of $185, the beat reinforces the bull case, and the stock was up 5.9% following the report.
At the time of this announcement, APH was trading at $152.50 on NYSE in the Technology sector, with a market capitalization of approximately $177B. The 52-week trading range was $102.76 to $178.52. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Reuters.