Analyst Consensus ?
ConsensusHold29 ratings
Bullish1655.2%
Neutral1241.4%
Bearish13.4%
Amphenol Corporation · APH · FY2024 Q4 · Calendar Q1 2025
Amphenol: AI datacom demand drives record Q4 execution
The supplied analysis supports a constructive, but not unconditional, view: resilient AI and high-speed IT datacom demand, record orders, and acquisition-led expansion support continued growth, while durability of demand, capex returns, connector yields, and regional softness are the key tests.
Reported Before market openNYSETechnology
$195.67B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.50
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $4.05B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+7.0%
Event window
SPY move
+0.6%
Same window
Abnormal move
+6.5%
Stock minus SPY
Volume
2.4×
Versus trailing sessions
Subsequent drift
-10.9%
Up to 20 sessions
APHSPY benchmark
Ask FN2 about APH FY2024 Q4
Transcript, numbers and history already loaded
What drove APH's +7.0% move after FY2024 Q4 earnings?What changed in APH's guidance and outlook in FY2024 Q4?Give me the bull and bear case for APH after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis points to record Q4 sales and margin performance, a higher 1.16-to-1 book-to-bill ratio, more than $1 billion of annualized acquisition sales, and continued above-trend Q1 2025 growth expectations.
Guidance delta
Management's outlook remained maintained, with Q1 2025 sales guided to $4-$4.1 billion and EPS to $0.49-$0.51.
Key takeaways
- Management described record Q4 2024 sales and adjusted operating margin, with AI-related IT datacom demand as the primary growth engine.
- The analysis identifies record orders and a 1.16-to-1 book-to-bill ratio as evidence of strong demand.
- Acquisitions added more than $1 billion of annualized sales, while the Andrew business remained pending for Q1 2025 close.
- The setup is constructive but depends on AI demand durability, connector yields, capex discipline, and softer European markets.
Management priorities
- Invest in AI-related IT datacom capacity and product development.
- Integrate the Andrew business after its expected Q1 2025 close.
- Expand high-speed interconnect and antenna offerings.
- Pursue strategic acquisitions and broaden end-market exposure.
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Analyst 52W Price Targets
$79.35Current
$42.5Low
$120.14Average
$215High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 18, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Evercore ISI Group | Outperform | Outperform | Maintain | Oct 12, 2026 |
| Citigroup | Buy | Buy | Maintain | Oct 8, 2026 |
| UBS | Buy | Buy | Maintain | Oct 7, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Oct 6, 2026 |
| BNP Paribas | Outperform | Outperform | Maintain | Sep 22, 2026 |
| TD Cowen | Hold | Hold | Maintain | Sep 9, 2026 |
| Barclays | Overweight | Overweight | Maintain | Sep 8, 2026 |
| Truist Securities | Buy | Buy | Maintain | Jul 30, 2026 |
| B of A Securities | Buy | Buy | Maintain | Jul 9, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Apr 30, 2026 |
| Jefferies | Buy | Hold | Upgrade | Mar 31, 2026 |
| Baird | Outperform | Outperform | Maintain | Oct 10, 2025 |
| TD Securities | Hold | Hold | Maintain | May 1, 2025 |
| Stifel | Hold | Hold | Maintain | Jun 13, 2024 |
| Credit Suisse | Neutral | Outperform | Downgrade | May 19, 2023 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | Jul 28, 2022 |
| Cowen & Co. | Market Perform | Market Perform | Maintain | Jul 1, 2022 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jun 10, 2022 |
| Wells Fargo | Overweight | Overweight | Maintain | Apr 23, 2020 |
| Cross Research | Sell | Hold | Downgrade | Jan 21, 2020 |
| Longbow Research | Neutral | Buy | Downgrade | Jun 17, 2019 |
| SunTrust Robinson Humphrey | Buy | Hold | Upgrade | Apr 2, 2019 |
| Stifel Nicolaus | Hold | Hold | Maintain | Jul 26, 2018 |
| Deutsche Bank | Buy | Buy | Maintain | Oct 26, 2017 |
| Bank of America | Buy | Neutral | Upgrade | Sep 29, 2017 |
| Macquarie | Outperform | Outperform | Maintain | Sep 4, 2014 |
| Cantor Fitzgerald | Hold | Hold | Maintain | Sep 19, 2013 |
| Topeka | Hold | Hold | Maintain | May 7, 2012 |
| KeyBanc | Hold | Hold | Maintain | Apr 10, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $79.35. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Joseph Spak | $105 | $88.62 | +32.3% | Oct 7, 2026 |
| Industrial Alliance Securities | Analyst unavailable | $116 | $87.27 | +46.2% | Oct 6, 2026 |
| Bernstein | Varun Govindaraj | $99 | $82.84 | +24.8% | Sep 23, 2026 |
| Barclays | Guy Hardwick | $100 | $82.78 | +26.0% | Sep 8, 2026 |
| UBS | Joseph Spak | $197 | $155.61 | +148.3% | Jul 30, 2026 |
| Barclays | Guy Hardwick | $200 | $159.06 | +152.0% | Jul 13, 2026 |
| UBS | Analyst unavailable | $185 | $164.16 | +133.1% | Jul 9, 2026 |
| Barclays | Analyst unavailable | $198 | $138.81 | +149.5% | Jun 8, 2026 |
| Barclays | Analyst unavailable | $180 | $142.3 | +126.8% | May 4, 2026 |
| Seaport Global | Analyst unavailable | $215 | $146.36 | +171.0% | Apr 30, 2026 |
| UBS | Joseph Spak | $178 | $144.02 | +124.3% | Apr 30, 2026 |
| Truist Financial | Analyst unavailable | $200 | $148.38 | +152.0% | Apr 30, 2026 |
| Robert W. Baird | Luke Junk | $177 | $148.38 | +123.1% | Apr 30, 2026 |
| UBS | Analyst unavailable | $170 | $145.27 | +114.2% | Apr 14, 2026 |
| Piper Sandler | Analyst unavailable | $165 | $135.18 | +107.9% | Mar 17, 2026 |
| Seaport Global | Analyst unavailable | $210 | $149.52 | +164.7% | Jan 29, 2026 |
| Barclays | Guy Hardwick | $175 | $145.96 | +120.5% | Jan 29, 2026 |
| Evercore ISI | Analyst unavailable | $165 | $152.54 | +107.9% | Jan 20, 2026 |
| Goldman Sachs | Analyst unavailable | $183 | $146.75 | +130.6% | Jan 15, 2026 |
| UBS | Analyst unavailable | $174 | $148.97 | +119.3% | Jan 14, 2026 |
| Truist Financial | Analyst unavailable | $182 | $144.16 | +129.4% | Jan 13, 2026 |
| Barclays | Analyst unavailable | $156 | $140.16 | +96.6% | Jan 12, 2026 |
| US Capital Advisors | Steven Fox | $165 | $140.14 | +107.9% | Jan 9, 2026 |
| Truist Financial | William Stein | $180 | $129.61 | +126.8% | Dec 19, 2025 |
| Truist Financial | Analyst unavailable | $147 | $135.03 | +85.3% | Oct 23, 2025 |
| UBS | Joseph Spak | $152 | $128.93 | +91.6% | Oct 23, 2025 |
| Goldman Sachs | Analyst unavailable | $154 | $128.93 | +94.1% | Oct 23, 2025 |
| Robert W. Baird | Luke Junk | $139 | $126.25 | +75.2% | Oct 10, 2025 |
| UBS | Analyst unavailable | $120 | $124.53 | +51.2% | Oct 7, 2025 |
| UBS | Joseph Spak | $145 | $124.2 | +82.7% | Oct 6, 2025 |
| Goldman Sachs | Analyst unavailable | $139 | $122.6 | +75.2% | Sep 29, 2025 |
| Industrial Alliance Securities | Mark Delaney | $115 | $98.31 | +44.9% | Jul 11, 2025 |
| UBS | Joseph Spak | $85 | $75.16 | +7.1% | Apr 24, 2025 |
| US Capital Advisors | Steven Fox | $85 | $74.18 | +7.1% | Apr 24, 2025 |
| Seaport Global | Scott Graham | $80 | $69.48 | +0.8% | Oct 24, 2024 |
| Truist Financial | William Stein | $82 | $68.47 | +3.3% | Oct 24, 2024 |
| Bank of America Securities | Wamsi Mohan | $74 | $68.47 | -6.7% | Oct 23, 2024 |
| Seaport Global | Scott Graham | $76 | $64.24 | -4.2% | Jul 26, 2024 |
| Stifel Nicolaus | Matthew Sheerin | $66 | $68.69 | -16.8% | Jun 12, 2024 |
| Evercore ISI | Amit Daryanani | $75 | $68.69 | -5.5% | Jun 12, 2024 |
| Robert W. Baird | Luke Junk | $68.5 | $66.68 | -13.7% | May 21, 2024 |
| Evercore ISI | Amit Daryanani | $75 | $65.98 | -5.5% | May 16, 2024 |
| Truist Financial | William Stein | $68 | $58.39 | -14.3% | Apr 25, 2024 |
| UBS | Chris Snyder | $69 | $58.16 | -13.0% | Apr 25, 2024 |
| Robert W. Baird | Luke Junk | $62 | $58.16 | -21.9% | Apr 25, 2024 |
| Evercore ISI | Amit Daryanani | $65 | $58.16 | -18.1% | Apr 24, 2024 |
| Jefferies | Saree Boroditsky | $62.5 | $58.31 | -21.2% | Apr 9, 2024 |
| Credit Suisse | Analyst unavailable | $93 | $80.19 | +17.2% | Dec 13, 2022 |
| Goldman Sachs | Mark Delaney | $83 | $65.06 | +4.6% | Jun 13, 2022 |
| Citigroup | Analyst unavailable | $90 | $71.28 | +13.4% | Apr 28, 2022 |
| Morgan Stanley | Analyst unavailable | $79 | $68.74 | -0.4% | Apr 25, 2022 |
| Citigroup | Jim Suva | $100 | $87.71 | +26.0% | Dec 29, 2021 |
| J.P. Morgan | Samik Chatterjee | $42.5 | $41.59 | -46.4% | Dec 13, 2021 |
| UBS | Christopher Snyder | $82 | $68.02 | +3.3% | Apr 29, 2021 |
Track every rating change on APH the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationAmphenol Corporation, alongside its numerous subsidiaries, operates globally as a prominent designer, manufacturer, and distributor of electrical, electronic, and fiber optic connectors. Its market reach extends across the United States, China, and various international territories. The company is organized into three primary operational divisions: Harsh Environment Solutions, Communications Solutions, and Interconnect and Sensor Systems. Amphenol's comprehensive product lineup features an extensive array of connectors and integrated connector systems. These include specialized interconnects engineered for demanding conditions (covering data, power, high-speed, fiber optic, and radio frequency applications), in addition to busbars and complete power distribution systems. Beyond these core offerings, the company provides value-added products such as backplane interconnect systems, bespoke cable assemblies and harnesses, and cable management solutions.…
Historical context
All APH earningsTechnology peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| WIT Wipro Limited | FY2027 Q2 · Calendar Q4 2026 | -25.0% | +3.9% | Wipro: AI pipeline expands as Q3 guidance stays narrow |
| TSM Taiwan Semiconductor Manufacturing Company Limited | FY2026 Q3 · Calendar Q4 2026 | +3.4% | -1.8% | TSMC beats Q3 guidance as AI demand drives fab expansion |
| ERIC Telefonaktiebolaget LM Ericsson (publ) | FY2026 Q3 · Calendar Q4 2026 | +28.6% | +11.8% | Ericsson Q3: 7% organic growth, resilient margins and AI-led demand |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-08T00:01:14.930234+00:00
- Polygon adjusted daily market bars · 2026-10-18T21:50:42.412624+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-18T21:50:42.409898+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-18. For educational purposes only; not investment advice.