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17:00
Jul 29 ◎

APH FY2026 Q2 Watch

Amphenol Corporation (APH) FY2026 Q2 Earnings Call

COMM APH ▾

Adam Norwitt

Management explicitly states there are no significant bottlenecks constraining growth, despite the massive demand for fiber and other components, suggesting that supply chain issues are being managed effectively and are not a limiting factor for the industry. — Indicates that the supply chain for AI infrastructure components is keeping pace with demand, reducing the risk of allocation-driven price spikes or missed revenue for suppliers.

"I'd also like to take this opportunity to congratulate the CommScope team on their outstanding performance so far. I'm truly proud of what this team has achieved after now being part of the Amphenol family for two full quarters."

COMM WATCH

Adam Norwitt

Guidance is exceptionally strong with Q3 expected sales growth of 50-52% and EPS growth of 51-53%, driven by continued acceleration in AI-related demand in IT Datacom and strength across most end markets.

"For the third quarter, we now expect sales in the range of $9.3 billion to $9.4 billion and adjusted diluted EPS in the range of $1.40 to $1.42 cents."

APH WATCH

HIGH

17:00
Apr 29 ◎

APH FY2026 Q1 Watch

Amphenol Corporation (APH) FY2026 Q1 Earnings Call

COMM APH ▾

Adam Norwood

CommScope, closed at the beginning of January, is tracking to roughly $4.1B of FY2026 sales and grew in Q1 at a pace similar to Amphenol's 33% organic growth, well above the mid-teens expectation at deal announcement. — This suggests the fiber/optical and building-connectivity side of the AI and networking buildout is ramping faster than originally modeled, with implications for the broader optical interconnect supply chain.

"on a like-for-like basis in the first quarter, Comscope growth was largely similar to the organic growth that we had across Amphenol."

COMM WATCH

Adam Norwood

Management tone is unambiguously positive: record orders, 1.24 book-to-bill across every end market, and Q2 guidance for continued strong sequential growth despite acquisition-related dilution.

"for the second quarter, we expect sales in the range of $8.1 billion to $8.2 billion and adjusted diluted EPS in the range of $1.14 to $1.16."

APH WATCH

HIGH

18:00
Jan 28 ◎

APH FY2025 Q4 Watch

Amphenol Corporation (APH) FY2025 Q4 Earnings Call

COMM APH ▾

Adam Norwit

The first quarter 2026 guidance includes approximately $900 million in sales from the CommScope acquisition but only $0.02 of EPS accretion. This implies a razor-thin margin profile for the acquired business in its first quarter, which could indicate integration costs or seasonality impacts. — The low accretion per dollar of sales in the first quarter suggests margin dilution lies ahead, which could impact Amphenol's overall profitability in the near term, though the deal is expected to be accretive long term.

"We look forward to working closely with the CommScope team as they embrace the Amphenol operating culture and are really excited about the potent"

COMM WATCH

Adam Norwit

Management expresses high confidence in continued growth, driven by strong AI-related demand in IT Datacom and the closing of the CommScope acquisition, guiding for record sales and EPS in Q1 2026.

"We're more encouraged than ever by the company's position in the global IT Datacom market. I just can't emphasize enough what an outstanding job our team has done, not only in securing future business on these next generation IT systems"

APH WATCH

HIGH

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