Loading...
•
Jun 30, 2023
Amphenol Q2 2023 Earnings Report
Amphenol's second quarter results for 2023 were reported, with sales and Adjusted Diluted EPS exceeding the high end of guidance.
Key Takeaways
Amphenol reported a decrease in sales by 3% compared to the previous year, driven by declines in the IT datacom, mobile networks, and mobile devices markets, which was partially offset by growth in the commercial air, military, and automotive markets. Despite the sales moderation, the team's execution was strong, with Adjusted Operating Margin reaching 20.4%.
Sales of $3.054 billion, down 3% in U.S. dollars and 4% organically compared to the second quarter of 2022
GAAP Diluted EPS of $0.74, down 3% compared to prior year
Adjusted Diluted EPS of $0.72, down 4% compared to prior year
GAAP and Adjusted Operating Margin of 20.3% and 20.4%, respectively
Revenue by Segment
Forward Guidance
For the third quarter of 2023, Amphenol expects sales to be in the range of $3.040 billion to $3.100 billion, representing a 6% to 8% decline over the prior year quarter. Adjusted Diluted EPS is expected to be in the range of $0.72 to $0.74, representing an 8% to 10% reduction from the third quarter of 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...