Amphenol Corp (AMP) reported robust Q3 results fueled by disciplined execution and resilient demand across key markets. The industrial technology leader surpassed expectations, driving investor confidence and lifting its stock amid broader semiconductor sector momentum.
- AMP revenue reached $2.48B in Q3, up 8.2% YoY
- GAAP EPS of $1.59, beating estimates by $0.07
- Gross margin expanded to 44.3% due to execution improvements
- Full-year guidance raised to 7%-8% revenue growth
- Stock rose 5.6% in after-hours trading
- Outperformed peers TXN, ON, and MCHP in Q3 results
Amphenol Corp (AMP) delivered a standout performance in the third quarter, with revenue rising 8.2% year-over-year to $2.48 billion, exceeding analyst forecasts. The company attributed its outperformance to operational efficiency, strong order backlogs, and strategic gains in automotive, data center, and industrial automation segments. Gross margin expanded to 44.3%, reflecting improved pricing power and supply chain optimization. The results mark a notable improvement from prior quarters, as AMP navigated inflationary pressures and global supply constraints with tighter cost controls and product mix adjustments. EPS came in at $1.59, up 10.2% from the same period last year, surpassing the consensus estimate by $0.07. The company also raised its full-year guidance, projecting 7% to 8% revenue growth, signaling sustained momentum. In the broader market context, AMP’s performance stands in contrast to modest gains seen by peers such as Texas Instruments (TXN) and ON Semiconductor (ON), while also outpacing the semiconductor-focused Vishay Intertechnology (VSC), which reported a dip in non-GAAP EPS. Analog Devices (ADI) and Broadcom (AVGO) remain in focus, but AMP’s execution-driven growth has drawn increased attention from institutional investors. Trading activity spiked following the earnings release, with AMP shares climbing 5.6% in after-hours trading. The move underscores investor appetite for companies demonstrating consistent operational discipline and demand resilience, particularly in connectivity and industrial electronics. Market analysts note that AMP’s ability to maintain margin expansion while growing revenue could serve as a benchmark for the sector.