Amphenol forecasts upbeat revenue on AI data center demand

AMPHENOL CORP-CL A forecast second-quarter revenue between $8.1 billion and $8.2 billion, exceeding LSEG estimates of $7.69 billion. The outlook follows a 9.5% jump in premarket trading on Wednesday morning as AI infrastructure spending accelerates. For investors, Amphenol serves as a critical hardware proxy for the global build-out of generative AI data centers.

Amphenol reported first-quarter revenue of $7.62 billion, beating the $7.09 billion analyst consensus. Adjusted profit reached $1.06 per share, which was 12 cents higher than the 94 cents per share expected by LSEG data.