Electronic gear maker Amphenol forecasts upbeat quarterly results on AI data centre demand

Electronic gear maker Amphenol forecast second-quarter revenue above Wall Street estimates on Wednesday, betting on enterprise spending for its components used in artificial intelligence data centres.

Shares of the company, which ‌provides interconnect, ⁠sensor ⁠and antenna solutions for end markets such as ​automotive, commercial aerospace, defense, industrial and data communications jumped ​9.5% in premarket trading.

Demand for Amphenol's connectors and sensor systems has surged as tech companies aggressively build ⁠out data ‌center infrastructure needed to support generative AI workloads.


The company has ⁠continued to expand its technology portfolio through acquisitions, including its $10.5 billion purchase of CommScope's Connectivity and Cable Solutions business in January, which significantly strengthened Amphenol's capabilities in fiber-optic and data-center connectivity products.

Amphenol forecast revenue in the range ‌of $8.1 billion to $8.2 billion for the quarter ending June 30, compared ​with analysts' ​average estimate ⁠of $7.69 billion, according to data compiled by LSEG.

It reported revenue of $7.62 billion for the quarter ​ended March 31, beating estimates of $7.09 billion. Adjusted profit came in at $1.06 per share, exceeding estimates of 94 cents.