Amphenol Q2 sales beat estimates on strong IT datacom demand 

Overview

• US interconnect products maker's Q2 sales rose 55%, beating analyst expectations

• Adjusted diluted EPS for Q2 climbed 67%, beating analyst expectations

• Company completed two acquisitions and repurchased 1.5 mln shares for $208 mln

Outlook

• Amphenol expects Q3 2026 sales between $9.3 bln and $9.4 bln

• Company sees Q3 2026 Adjusted Diluted EPS of $1.40 to $1.42

• Amphenol raises full-year CommScope sales forecast to $4.6 bln, accretion to $0.30

Result Drivers

• ORGANIC GROWTH - Co said strong organic growth in most end markets, especially IT datacom, drove higher Q2 sales

• ACQUISITIONS - Recent acquisitions contributed to Q2 sales growth

• TARIFF RECOVERIES - Q2 operating income included $80 mln net benefit from recovery of IEEPA tariffs

Company press release: ID:nBw1x0qPJa

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electronic equipment parts peer group is "buy"

• Wall Street's median 12-month price target for Amphenol Corp is $185.00, about 28.6% above its July 28 closing price of $143.85

• The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 28 three months ago

Reuters Recommended Reads

• July 27 - Canada's Celestica Q2 results beat estimates on strong data center, cloud demand

• July 29 - Littelfuse Q2 revenue beats estimates on semiconductor demand; lifts dividend

• July 28 - CTS Corp Q2 revenue rises on transportation sales; lifts 2026 outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)