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.
Wallingford, Conn.-based Amphenol posted first-quarter adjusted earnings per share (EPS) of $0.63 on net sales that soared 48% year-over-year to $4.81 billion. Analysts surveyed by Visible Alpha expected $0.52 and $4.29 billion, respectively.
For the current quarter, Amphenol sees adjusted EPS of $0.64 to $0.66 and net sales of $4.9 billion to $5 billion, both well above projections.
“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.”
Shares soared over 9% higher in recent trading, bringing them into positive territory for 2025.
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