Jul 23, 12:21 PM

Amphenol Surges Past Q2 Estimates and Raises Revenue Outlook

Amphenol Corp. reported fiscal second-quarter revenue of $5.65 billion, topping Wall Street’s $5.04 billion consensus, as demand strengthened across all end markets including IT and datacom. Adjusted earnings reached $0.81 a share, up from $0.67 a year earlier and above analysts’ expectations, while net income rose to $1.09 billion. The Connecticut-based maker of connectors and sensors said sales grew 57% year on year, attributing the expansion to organic growth and recent acquisitions that positioned the company to capitalise on increased electronic-equipment spending linked to artificial-intelligence and data-centre investment. Looking ahead, Amphenol projected third-quarter revenue of $5.48 billion to $5.58 billion, exceeding the $5.24 billion average analyst estimate and signalling continued momentum.

#Wall Street #Connecticut #Amphenol

Written with ChatGPT .

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