Amphenol (APH) To Report Earnings Tomorrow: Here Is What To Expect

Electrical connector manufacturer Amphenol (NYSE:APH) will be announcing earnings results this Wednesday before the bell. Here’s what to expect.

Amphenol beat analysts’ revenue expectations by 12.2% last quarter, reporting revenues of $4.81 billion, up 47.7% year on year. It was a very strong quarter for the company, with a solid beat of analysts’ EPS estimates and an impressive beat of analysts’ EPS guidance for next quarter estimates.

Is Amphenol a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Amphenol’s revenue to grow 39.9% year on year to $5.05 billion, improving from the 18.2% increase it recorded in the same quarter last year.

Heading into earnings, analysts covering the company have grown increasingly bullish with revenue estimates seeing 5 upward revisions over the last 30 days (we track 10 analysts). Amphenol has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 5.4% on average.

Looking at Amphenol’s peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Jabil delivered year-on-year revenue growth of 15.7%, beating analysts’ expectations by 11.2%, and TD SYNNEX reported revenues up 7.2%, topping estimates by 4.4%. Jabil traded up 13.1% following the results while TD SYNNEX was also up 7.9%.

Read our full analysis of Jabil’s results here and TD SYNNEX’s results here.

There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 4.5% on average over the last month. Amphenol is up 8.3% during the same time.

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.