Amphenol Corporation (NYSE:APH) reported stronger-than-expected second-quarter results and issued an upbeat third-quarter outlook, driven by robust demand for AI-related data communications products and contributions from recent acquisitions. The company's shares rose around 7% in premarket trading following the announcement.
The connector manufacturer posted adjusted earnings of $1.35 per share, comfortably ahead of Wall Street's consensus estimate of $1.16.
Revenue increased to $8.76 billion from $5.65 billion a year earlier, surpassing ****** ysts' expectations of $8.19 billion. Organic sales grew 30% during the quarter, while orders reached a record $10.7 billion, resulting in a book-to-bill ratio of 1.23.
Amphenol said exceptional demand for its IT datacom products continued to support strong performance as investment in artificial intelligence infrastructure accelerated.
Chairman and Chief Executive Officer R. Adam Norwitt highlighted the company's broad-based momentum across multiple end markets, led by outstanding organic growth within its IT datacom business.
#billion #amphenol #organic #wall
The connector manufacturer posted adjusted earnings of $1.35 per share, comfortably ahead of Wall Street's consensus estimate of $1.16.
Revenue increased to $8.76 billion from $5.65 billion a year earlier, surpassing ****** ysts' expectations of $8.19 billion. Organic sales grew 30% during the quarter, while orders reached a record $10.7 billion, resulting in a book-to-bill ratio of 1.23.
Amphenol said exceptional demand for its IT datacom products continued to support strong performance as investment in artificial intelligence infrastructure accelerated.
Chairman and Chief Executive Officer R. Adam Norwitt highlighted the company's broad-based momentum across multiple end markets, led by outstanding organic growth within its IT datacom business.
#billion #amphenol #organic #wall
2 months ago
