Amphenol sees Q3 EPS 77c-79c, consensus 70c

Sees Q3 revenue $5.4B-$5.5B, consensus $5.26B. The company said on its Q2 earnings call: “Sales in the second quarter grew by a very strong 133% in U. S. Dollars and organic. And this was driven by continued acceleration in demand for our products used in artificial intelligence applications together with continued robust growth in our base IT datacom business… As we look into the third quarter and due to the stronger than expected execution of our team in the second quarter, we expect our sales to moderate in the high in the mid to high single digits from these very strong second quarter levels. But I got to tell you, we’re more encouraged than ever by the company’s position in the global IC Datacom market. Our team has done an outstanding job securing future business on next generation IT systems, with a broad array of customers. And the revolution in AI continues to create unique opportunity for Amphenol (APH) giving our leading high speed and power interconnect products. In fact, whether high speed, power or fiber optic interconnect, our products are critical components in these next generation networks. And this creates a continued long term growth opportunity for Amphenol. Turning to our outlook. And assuming current market conditions as well as constant currency exchange rates, for the third quarter, we expect sales in the range of $5.4 to $5.5B and adjusted diluted EPS in the range of 77c to 79c This would represent sales growth from prior year of 34% to 36% and adjusted diluted EPS growth of 54% to 58%.”