On August 22, Amphenol rose 3.12% in regular trading, trading at $158.025/share, with turnover of $590 million.
On the news front, the company previously reported Q2 adjusted earnings of $1.35 per diluted share, beating the analyst consensus estimate of $1.18 by 14.4%, representing a 66.67% year-over-year increase. Revenue came in at $8.76 billion, surpassing the $8.26 billion estimate and up from $5.65 billion a year earlier. Q3 guidance was also set well above expectations, with adjusted EPS projected at $1.40-$1.42 versus the $1.27 consensus, and revenue of $9.3-$9.4 billion versus the $8.67 billion estimate.
Following the earnings release, both Truist and JPMorgan raised their price targets on Amphenol to $215, maintaining Buy and Overweight ratings respectively. The broader optical communications sector has strengthened recently, driven by expectations of widening InP supply gaps and valuation recovery. As a leader in AI connectors with dual exposure to copper and fiber optic interconnect markets, Amphenol continues to attract market attention.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)