$157.740
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APH News
APH Events
Garmin and Others Notable Gainers in Liquid Options This Morning
Notable gainers among liquid option names this morning include Garmin (GRMN) $293.58 +39.93, GE Hlthcare Tech Inc (GEHC) $71.07 +6.96, Teradyne (TER) $348.38 +27.73, Ford (F) $16.12 +1.16, and Amphenol (APH) $153.96 +10.11.
Stock Futures Muted Ahead of Fed Rate Decision
Stock futures are muted Wednesday as investors await the Federal Reserve's interest rate decision and a round of technology earnings that could potentially shape market direction through the remainder of the summer.The Federal Reserve concludes its two-day policy meeting this afternoon, with markets expecting policymakers to leave the benchmark federal funds rate unchanged. The primary focus will be Fed Chair Kevin Warsh's post-meeting press conference for clues on how the central bank views inflation, economic growth and the path of interest rates.Corporate earnings remain the market's other major catalyst. Microsoft and Meta Platforms are scheduled to report after the closing bell, with investors looking for evidence that continued multibillion-dollar investments in artificial intelligence are translating into stronger cloud growth, advertising revenue and profitability.Semiconductor stocks remain under pressure following disappointing market reactions to earnings from South Korean memory chipmaker SK Hynix despite strong headline results. Investors continue to question whether AI infrastructure spending can support current valuations as competition from Chinese chipmakers increases.Investors will monitor developments in the Middle East after renewed regional tensions pushed oil prices higher, reviving concerns that energy-driven inflation could complicate the Federal Reserve's policy outlook. With monetary policy, Big Tech earnings and geopolitical developments all converging, markets are preparing for elevated volatility through the end of the week.In pre-market trading, S&P 500 futures slid 0.01%, Nasdaq futures fell 0.06% and Dow futures declined 0.64%.Check out this morning's top movers from around Wall Street, compiled by The Fly.UP AFTER EARNINGS -Manhattan Associatesup 13%Rocky Brandsup 12%Generacup 9%Amphenolup 6%Tevaup 6%Seagateup 5%Fordup 5%Deutsche Bankup 2%Biogenup 1%General Dynamicsup 1%DOWN AFTER EARNINGS -Lemonadedown 14%Vertivdown 10%VF Corp.down 9%Skyworksdown 8%Humanadown 4%Procter & Gambledown 3%NXP Semiconductorsdown 2%WMdown 2%SK Hynixdown 1%Visadown 1%OneMaindown 1%
Amphenol Acquires El.Com and Wilder Technologies
The company said, "Amphenol remains focused on expanding its growth opportunities through a deep commitment to developing enabling technologies for customers across our served end markets, an ongoing strategy of market and geographic diversification as well as an active and successful acquisition program. To that end, Amphenol acquired two companies during the second quarter, El.Com and Wilder Technologies. Based in Leno, Italy and with annual sales of approximately $150 million, El.Com is a leading manufacturer of complex interconnect solutions and high-voltage cable assemblies serving the industrial, defense and commercial aerospace markets. Based in Vancouver, Washington and with annual sales of approximately $15 million, Wilder Technologies is a key supplier to the Company of high-performance test and measurement solutions for high-speed digital, RF and signal integrity applications to the IT datacom market. El.Com is included in the Interconnect and Sensor Systems segment and Wilder Technologies is included in the Communications Solutions segment. In addition, given the better than expected performance of CommScope, Amphenol now expects this acquisition to generate full-year sales of $4.6 billion and to be $0.30 accretive to the Company's Adjusted Diluted EPS in 2026. This is above our prior expectations for sales and accretion of $4.1 billion and $0.15, respectively."
Amphenol Sees Q2 2026 Revenue of $9.3B-$9.4B
Sees revenue $9.3B-$9.4B, consensus $8.75B. Norwitt continued, "I am very pleased with the Company's outstanding second quarter 2026 results. The revolution in electronics continues to accelerate, with new innovations creating exciting growth opportunities for Amphenol across each of our diversified end markets. In turn, we have expanded our range of high-technology interconnect products, both through our organic innovation efforts as well as through our successful acquisition program. This expanded technology position coupled with our unique entrepreneurial culture has strengthened our competitive advantage. Our ongoing drive to leverage that competitive advantage and thereby create sustained financial strength has established an excellent base for the Company's future performance. I am confident in the ability of our outstanding entrepreneurial management team to continue to dynamically adjust to changing market conditions, to capitalize on the wide array of growth opportunities that arise in all market cycles and to continue to generate sustainable long-term value."
Amphenol Reports Q2 Revenue of $8.8B, Exceeding Expectations
Reports Q2 revenue $8.8B, consensus $8.32B. "We are pleased to have closed the second quarter of 2026 with record sales and Adjusted Diluted EPS, both exceeding the high end of our guidance," said Amphenol Chairman and Chief Executive Officer, R. Adam Norwitt. "Sales increased from prior year by 55%, driven by strong organic growth in most of our end markets, including exceptional organic growth in the IT datacom market, as well as contributions from the Company's acquisition program. We also booked record orders in the quarter, resulting in a book-to-bill of 1.23:1. The Company realized strong profitability during the quarter with Adjusted Operating Margin reaching 29.8%, inclusive of $80 million in net tariff recoveries. We are extremely proud of the Company's outstanding performance."
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