New York, January 29, 2026, 10:52 EST — Regular session
- Amphenol shares claw back some ground following a steep drop on earnings day
- Investors are trying to gauge how much of the growth comes from organic sources versus acquisitions
- Attention shifts to the first-quarter run-rate and the integration of CommScope CCS
Amphenol Corp (APH.N) shares climbed 0.8% to $147.19 in early Thursday trading, gaining some ground after a sharp drop following earnings. So far today, the stock has bounced between $145.83 and $151.30.
The rebound follows a steep drop of more than 12% on Wednesday, despite the company projecting first-quarter sales that beat Wall Street’s estimates. Still, the forecast hinted at a slower growth rate compared to earlier in 2025, weighing on the stock’s prized “AI infrastructure” story. (ETTelecom.com)
The issue at hand: traders need evidence that growth will last, not just a single strong quarter. “Buy-side expectations were so lofty that even these numbers didn’t meet them,” said Morningstar analyst William Kerwin. (ETTelecom.com)
Amphenol reported a strong quarter with sales hitting $6.4 billion, a 49% jump from last year. Adjusted diluted EPS came in at $0.97. CEO R. Adam Norwitt described the results as “record,” exceeding the top end of the company’s guidance. Organic sales growth, which excludes acquisitions and currency effects, was 37% for the quarter. (Amphenol)
Amphenol forecasted first-quarter sales between $6.90 billion and $7.00 billion, with adjusted diluted EPS expected to hit $0.91 to $0.93. The projection factors in roughly $900 million in sales and $0.02 in adjusted EPS from its recent acquisition of CommScope Connectivity and Cable Solutions (CCS), the company said. (Amphenol)
On Wednesday, the company filed its results release via a Form 8-K. (SEC)
Thursday saw a split among peers. TE Connectivity (TEL.N) climbed 1.1%, but Corning (GLW.N), also linked to optical connectivity, dropped 3.7%.
Following the report, a few brokers wasted no time raising their price targets. BNP Paribas lifted its target to $185 from $165 and maintained an “Outperform” rating. Barclays also pushed its target up to $175 from $156, keeping its “Overweight” stance, MT Newswires reported. (MarketScreener)
The downside remains clear. Should growth continue to slow after CCS is behind us—or if Big Tech pares back data-center spending—investors could start ignoring the flashy headline beats and zero in on the underlying run-rate instead.
Amphenol supplies connectors, interconnect systems, and high-speed cabling across sectors from IT and data communications to aerospace, industrial, and automotive. This diverse portfolio can help weather downturns, but it complicates pinpointing the true engine behind future growth.
Traders are now zeroing in on whether the Q1 surge persists and if CCS is genuinely boosting revenue, rather than covering up a weaker “organic” trend. The next earnings report is expected April 28, per MarketScreener’s calendar. (MarketScreener)
