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Amphenol’s (APH) stock led gains on the S&P 500 Wednesday after the maker of antennas and high-speed cables reported better-than-expected results and issued an upbeat current-quarter outlook.
Amphenol, based in Wallingford (Conn.), reported a first-quarter adjusted earning per share (EPS), of $0.63. Net sales grew by 48% over the previous year to $4.81 Billion. Visible Alpha surveyed analysts, who predicted $0.52 and $4.29bn respectively.
Amphenol expects to achieve adjusted earnings of $0.64 to $ 0.66 per share and net sales between $4.9 billion and $5 billion for the current quarter. Both are well above expectations.
"The revolution in electronics continues to accelerate, with new innovations creating exciting growth opportunities for Amphenol across each of our diversified end markets," CEO R. Adam Norwitt said. "In turn, we have expanded our range of high-technology interconnect products, both through our organic innovation efforts as well as through our successful acquisition program."
Recent trading has seen shares soar over 9%, putting them in positive territory for 2025.
