Wall Street Analysts Maintain Strong Buy Rating for Amphenol Amid AI-Driven Growth
Fifteen of 17 covering analysts rate the connectivity manufacturer as a Strong Buy, with the average price target implying 19.1% upside.
Wall Street analysts have reaffirmed a predominantly Strong Buy rating for Amphenol Corporation (APH), with 15 of the 17 covering analysts assigning the designation. The positive sentiment is underpinned by the company’s significant role in artificial intelligence infrastructure, particularly within data centres, following a robust second quarter of fiscal year 2026.
Amphenol reported consolidated net sales of $8.76 billion for the quarter, marking a 55% year-on-year increase. The IT datacom segment led this growth with a 63% rise, while total orders surged 94% year-on-year to $10.7 billion. This demand pushed the book-to-bill ratio to 1.23x, reflecting the intensity of orders relative to revenue.
UBS analyst Joseph Spak raised the price target for Amphenol to $197 from $185 on July 30, maintaining a Buy rating. The revision followed the company’s strong quarterly results, which surpassed earnings per share and revenue forecasts. The average analyst price target now stands at $197.35, implying potential upside of 19.1%.
The company achieved an adjusted operating margin of 29.8%, a 4.2-percentage-point rise. Management forecasts third-quarter fiscal year 2026 sales of $9.3 billion to $9.4 billion, indicating 50% to 52% growth. Adjusted diluted earnings per share are expected to be between $1.40 and $1.42, growing 51% to 53% year-on-year.
Analysts project full-year fiscal year 2026 diluted earnings per share of $5.25, representing a 57.2% year-on-year increase. Amphenol has exceeded Wall Street's earnings per share estimates in each of the last four quarters, reinforcing the optimistic outlook. The highest price target of $230, set by Scott Graham of Seaport Global, suggests a gain of 38.8% from current levels.
