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Amphenol Shares Surge on Record Q1 and Upbeat Q2 Guidance

AI data-center spending is lifting orders for its connectors, sensors, and fiber gear.

Aerospace components manufactured by Amphenol are displayed at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 21, 2023. REUTERS/Benoit Tessier/File Photo

Overview

  • Amphenol, which reported first-quarter results Wednesday, saw its stock jump more than 9% in premarket trading.
  • Revenue reached $7.62 billion and adjusted EPS hit $1.06, with both figures beating Wall Street estimates.
  • Orders totaled $9.40 billion for a 1.24 book-to-bill ratio, signaling a growing backlog as new orders outpace shipments.
  • The company guided to $8.1–$8.2 billion in Q2 revenue and $1.14–$1.16 in adjusted EPS, topping the roughly $7.7 billion and $1.05 analysts expected.
  • Leaders pointed to exceptional IT datacom demand tied to AI data centers, alongside added scale from January’s $10.5 billion CommScope connectivity acquisition.