APH FY2026 Q1 개선

Amphenol Corporation 실적 발표

Apr 29, 2026 · 13:00 ET Adam NorwoodCraig Lampo earningscall_biz

Buzzberg 분석

AI interconnect demand broadens across copper, power, and fiber

Amphenol reported a record Q1 with sales up 58% and adjusted EPS up 68%, driven overwhelmingly by AI-related IT Datacom growth plus the newly closed CommScope acquisition. Management guided Q2 to another strong sequential step-up and maintained a clearly bullish tone across most end markets. Q1 FY2026 sales of $7.6B grew 33% organically; adjusted EPS was $1.06, +68% y/y.

Buzzberg 분석 AI interconnect demand broadens across copper, power, and fiber Amphenol reported a record Q1 with sales up 58% and adjusted EPS up 68%, driven overwhelmingly by AI-related IT Datacom growth plus the newly closed CommScope acquisition. Management guided Q2 to another strong sequential step-up and maintained a clearly bullish tone across most end markets. Q1 FY2026 sales of $7.6B grew 33% organically; adjusted EPS was $1.06, +68% y/y. 전체 분석 보기분석 접기

Orders were a record $9.435B with 1.24 book-to-bill; every end market was above 1.0.
IT Datacom was 41% of sales, up 81% organically; Q2 expected to grow low-teens sequentially.
CommScope closed January 1, grew at roughly Amphenol's organic pace, and remains guided to ~$4.1B FY2026 revenue with $0.15 accretion.

매출$7.6201B+18% 전분기 대비

주당순이익(EPS)$1.06+9% 전분기 대비

매출총이익률36.75%보고값

영업이익률24.04%보고값

근거 있는 핵심 내용 6개

지금 중요한 점

이번 발표에서 가장 의미 있는 변화를 정리했습니다.

AI interconnect demand broadens across copper, power, and fiber

M&A

CommScope growth running ahead of original deal expectations

Defense

Global defense demand shifting to next-generation technologies

핵심 내용 3개 더 보기

Capex

Customers increasingly back Amphenol capacity investments with commitments

Demand

Book-to-bill positive across every end market

Demand

Broad industrial reacceleration across harsh-environment electronics

보고 기간

보고 실적

지표	보고값	변화
매출	$7.6201B	+18% 전분기 대비
주당순이익(EPS)	$1.06	+9% 전분기 대비
매출총이익률	36.75%	보고값
영업이익률	24.04%	보고값
잉여현금흐름	$0.8299B	-43% 전분기 대비
자본지출	$0.2916B	보고값

향후 전망

향후 가이던스

지표	기간	범위	중간값	상태
주당순이익(EPS)	FY2026 Q2	$1.14–$1.16	$1.15	제시
매출COMMSCOPE	FY2026	$4.1B	$4.1B	유지
매출	FY2026 Q2	$8.1B–$8.2B	$8.15B	제시

AI, 자본지출 및 수요 분석

경영진 분석

톤

Upbeat

Management repeatedly described the quarter as outstanding, exceeded guidance, highlighted record orders, and framed AI, defense, and industrial as long-term structural growth opportunities.

경영진의 AI 분석

Management said AI data-center investments are accelerating and driving strong demand for Amphenol's high-speed copper, power, and fiber interconnect products. They see continued sequential IT Datacom growth in Q2 and expect to remain relevant across future architectures, including co-packaged optics, because customers ultimately need more interconnect either way.

자본지출

투자 및 생산능력

Amphenol is increasing capacity and automation to support the AI ramp and defense demand, with capital spending rising substantially as the company scales. Customers are increasingly providing order commitments or co-investment to give Amphenol security around these capacity investments, though no explicit capex target was given.

아래에 언급된 기업 1개 모두 표시

기업발표 이후 수익률

공급망

COMM

공급망

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.

근거

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

Adam Norwood

외부 신호

공급망 알파 · 2발표 이후 수익률

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.

Adam Norwood

COMM

근거

“we continue to expect the company to deliver this year, as we said, roughly $4.1 billion in in sales and $0.15 of accretion”

Customers are opening order apertures and making capacity commitments around Amphenol's AI-related capacity investments, giving management increased confidence to add automation and capacity for high-precision interconnect products.

Adam Norwood

근거

“we work with customers when we make these kind of investments to make sure that we have security around those investments... it can also mean opening the aperture of orders and the commitments that they make to us.”

방법론 및 범위

경영진 발언만 분석합니다. 검증된 기업 언급 1개를 모두 표시하며, 보고 실적과 향후 가이던스를 분리합니다. 공개 근거는 화자가 표시된 짧은 인용문 8개로 제한됩니다. AI 분석은 불완전하거나 틀릴 수 있으므로 중요한 주장은 원문에서 확인하세요.